Belated Recent Buy! From February 2016

    This post has been put off for quite awhile! Sometimes it is hard to believe just how fast time is able to fly by us. I made this purchase at the end of February on the 29th, a happy leap year buy! This buy in particular was on the smaller side of my trades and a good portion of the capital was from accumulated dividends since I had not made any purchases in quite some time.

    At the time all three of my larger bank positions were down (TD, BNS, RY) quite a bit and I decided to take advantage of it. I choose TD Canada Trust primarily for two reasons: One being their growing presence in the United States, and secondly to balance out those banks positions within my portfolio.

Next Buy Watchlist: December 2015

With my last Watchlist in September I focused on consistent, steadily growing quarterly dividend payers within the financial sector. The big Canadian banks and insurance companies. Which of those companies, I bought my first shares in Manulife Financial, read about it here in my Recent Buy post.

    Recently, with my last purchase of Dream Office REIT I went for high yield, monthly income. This time around though I am so far still contemplating on what I want to buy next. While I am hunting for income and yield, I do also want to plan for the future with dividend growth stocks.

    In particular, I am looking to build singular positions to a size where dividends are able to DRIP a stock per payout, as well as try to diversify investments within my TFSA portfolio. Currently, I want to have my portfolio heavier on REIT's since within the Tax Free Savings Account their high income through distribution is not taxed, so for the most part I think I am about where I want to be on REITs. Making it the ideal account for Canadians to hold REIT's in, read my overview on the TFSA for more.

Next Buy Watchlist: June 2015

    Monday's news items made for an interesting day to put up a watchlist. With the current market fallout of Greece's potential missing of its IMF repayment date and the looming possibility of its unprecedented retreat from the European Union stock markets have taken a hit. I have been closing in on the stocks that I want to get, but with these events I am glad to have been taking my time. I am also going to be waiting on the result of tomorrow Bank of Canada report on the Canadian economy, as that could also affect financial companies. Now, while preparing and researching for my next addition to my portfolio I have had a few objectives in mind.

Portfolio Update: April 6th

    I have been making quite a few purchases of late and realized that its been quite some time since I last posted a portfolio update post, the last one being at the end of January, woops! So here is the status of my portfolio as of April 6th. 

Next Buy Watchlist: February 2015

    I should be having money to invest within the upcoming weeks, so it is time to compile my watchlist of stocks that I am interested in! There are quite a few on my radar at the moment which I will be tracking and keep a closer eye on. For the most part I am mainly interested to adding to, and building up my current positions with an overarching goal of getting them to have payouts big enough to start a Dividend Re-Investment Plan. There are also some companies which I might start a new position in as well. And definitely some of these are familiar names from previous Watchlists.

    The main sectors/components of my portfolio that I want to build up are Financials, Telecoms, REITs and Consumer products, as well as selective Energy companies. I do eventually want to build up positions in Resources/Industrials, Healthcare, Technology and Transportation, but those areas I think I will leave for outside of my TFSA. I am also hesitant to enter into those areas as I do not currently have a lot of knowledge of them and their product/company life cycles.

Next Buy Watchlist: January 2015

   I am pretty happy to be able to post a Next Buy Watchlist this January! In December I wasn't sure if I would have enough extra capital to make a new stock purchase for this month, primarily due to a lot of expenses incurred in December. But, after reviewing my current cash levels, projected income and expenses for this month and February I'v found that I do indeed have some extra cash to deploy this month! And with all of the recent trouble within the Oil and Financial sectors to name a couple, there are quite a few great companies whose stocks prices have become quite tempting for me. On my shortlist of names are: Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), Toronto Dominion Bank (TD), Pembina Pipeline (PPL), Veresen (VSN), Suncor (SU), and Dream Office REIT (D.UN).

Next Buy Watch(wish)list: December 2014

    So we are now mid way through December and the markets have been swinging all over the place. And since I wont have any extra cash to invest in a stock purchase this month, instead I am posting my current group of stocks on my watchlist, but its Christmas time and so its a bit more of a 'wish'-list. So in the spirit of a wishlist, I will be including some of the stocks I would have bought when they dropped down over the last week or so, or would still love to buy at their current valuations and not necessarily in line with my current portfolio sector weighting either. If only, if only!

October 2014 Dividend Update!

    October went by scarily fast, and with a few market scares to boot! And not to mention Halloween frights as well, like snow fall around midnight!!! The good news is that the dividends kept on coming in on schedule and as expected, if not better! My monthly payers keep my baseline income nice and high at around $30 every month, and this time my quarterly paying companies kicked in even more! I'v also benefited this month from having bought more shares of TD which paid out this month and dividend increases from AQN and BNS. My total dividend income this month is my highest yet, with $63.54 in dividend income! That's over double last months $29.59, and $6.28 more than the previous comparable month! That money is pretty much 6 hours of minimum wage work I did not have to do at all and it feels pretty good to see my passive income stream slowly growing.

Here's my full breakdown:

July 2014 Dividend Update!

    So the month of July has pretty much just finished and so I've received another months worth of awesome dividends and distributions from the companies I hold. Hopefully you've all received some good ones as well! This month has been my best month thus far with a grand total of $57.26 in passive income! That's roughly 5 hours of minimum wage work that I didn't have to do this month! :)

Recent Buy!

    Today I added additional shares of Toronto Dominion Bank (TD) to my portfolio. I bought 10 shares @$55.50, TD currently has a dividend of $.47 so this purchase adds a total of $18.8 in dividends a year to my dividend income! Since I already have shares of TD my total number of stocks/ETFs remain at 12. The financial sector weight in my portfolio is now at 21%, so I am still looking to boost that number up in the future.

    TD was one of my stock considerations in my Watchlist post. I decided to go with TD instead of a Telecom or Insurance company for a few reasons:

Dividend Income: January - May Catch-up Post!

    So since I'v only recently started this blog and also having only really gotten my portfolio going since January I shall do one 'big' month by month catch-up post on my dividend income thus far. Going forward I'll do a monthly posting. I know its one of the aspects of my portfolio that I look forward to during and at the end of the month to see how much money iv made not working! On other blogs as well I always love seeing how people's portfolios have grown in income from the previous year.

January
Dream Office REIT (D.UN)     $4.11
Algonquin Power (AQN)          $7.57
BCE Inc (BCE)                         $4.66
Bank of Nova Scotia (BNS)     $3.72
Scotia Mutual Fund                  $1.17                * Sold off in Febuary.

Total:                                        $21.23