How to pick dividend funds
I'm looking to take my money out of a current mutual fund RBC Canadian Dividend Fund that I've had my money in while I decide what funds to purchase.
How do you decide which funds to choose, and what weighting I should use to diversify into different sectors.
I've so far been looking at companies that I know of that have a history of year after year dividend increases. Ie Canadian Banks, Coca-Cola, Intel, Johnson & Johnson etc.
Just not sure how to determine which ones to choose... I'd love some direction
One way is to look at the top holdings of mutual funds. For example, this page shows the top holdings for the fund you already own:
http://www.theglobeandmail.com/globe...=18182&cid=RBC Global Asset Management Inc.
Really, though, I would suggest reading a book on the topic.