A money tree that gives you $1 a day.
As the saying goes, "What, Do you think money grows on trees?". Well, I am going to show you that money does grow on "trees" and how you can get your hands on such a tree. This idea came to me the other day when I was talking to my wife about the current materialistic culture that we lived in. She said people don't want to invest in stocks because they can't show off their investment. I started thinking, what if you can buy a tree that gives you $1 a day, how many people will buy such a tree and how much will it cost? I can't answer the first question, but I can roughly tell you how much it should cost.
If you haven't figured out, I am using the "tree" as a metaphor for a stable blue-chip dividend paying company. Let's use a company from my investment portfolio; for simplicity, I am going to use RioCan REIT(TSX: REI.UN); it currently pays $0.12/shares every month. To receive $1 a day from dividends, you'll need to get about $31 every month. Therefore, $31/$0.12 = 258 Shares, which at about $26 shares will equal to a total of $6,716. So, that's how much a RioCan REIT "tree" will cost you, and you don't even need to water it. Prices can vary, some trees are more prone to failure due to bad genetics problems so those might cost a little less.
This is just a fun little way to get you thinking about investment from a materialist perspective. Sure that beautiful jewelry or that new watch do look good on you, but wouldn't a money growing tree be so much cooler.