Next Buy Watchlist: April 2016

    While I have been rather busy lately with some recent buys, mainly building up and cost averaging down my position in Manulife Financial, not once, but twice! Adding to Pembina Pipeline as well, as my most recent buy in TD Bank. I have been buying stocks and building up my portfolio while neglecting to post about those stocks which are on my radar. Sometimes it is due to seeing an opportunity crop up and I go for it, or being just a bit too busy to post, or not having any particular stock in mind.

    This time around since my last buy of TD I have a definite purpose for my next buy. My holdings in the Financial sector, and oil related companies has become more heavily concentrated than I would like. In part due to buying more of those stocks as they sank in value, and have now rebounded a bit resulting in their further weighting in 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: September 2015

    It has been awhile since my last post, as I have been rather busy, as have the markets! It also been quite some time since my previous Watchlist in June. While I have been busy, I made sure to keep an eye on the markets and keeping abreast of recent news and important events like the Bank of Canada and Fed's decisions to hold interest rate steady, as well as results and comments on China's economy.

    There have been a few companies that I have been looking to build up my positions on. Especially with the continuing volatility that markets have been experiencing, some stocks are getting into  compelling valuations. In particular at the moment I am looking at adding to my existing bank positions, or initiating a new position in an insurance company.

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.

Next Buy Watchlist: May 2015

   Once again I have some capital to deploy, and have been refining which areas of my portfolio to add to. As well as having to consider the encroaching maximization of my Tax Free Savings Account. Which means I am having to start planning how I manage which investments will reside inside it, and which investments will be more tax efficient outside of it.

   For that reason, as you might have noticed I have been leaning pretty heavily in the direction of higher yield, monthly payers, in particular REITs. Since a larger portion of their total return is derived from their monthly distributions rather than potential capital gains when selling a stock. And with my general inclination to buy and hold the stocks that I buy for the long term, when I do eventually setup a non-registered account it should be more tax-efficient for me to have lower yielding, consistent dividend payers outside of my TFSA since in Ontario there is a pretty good tax break on dividend income from Canadian companies. So most likely in the long term (2+, 5+ years?) I would be transitioning my bank stocks like TD, RY and BNS to there while filling up my current account with REITs. Hoping to make a post in the future on REITs and tax efficiency

Dream Office REIT (D.UN)

    Dream focuses on owning and managing quality office buildings in downtown and suburban business districts. This was my first REIT holding and I have added to it fairly recently and am planning to do so again in the future, perhaps even this time around. Dream continues to have above average occupancy rates of its offices and boosts stable tenants in its core holdings of Toronto and Calgary, despite the recent decline in oil prices. Which is a key factor in keeping its funds from operations stable and growing, which allows the REIT to pay its generous monthly distribution of  8.4%.

RioCan REIT (REI.UN)

    RioCan is my other REIT holding and it fills the roll of focusing on owning, developing and operating small and large shopping centers. Generally, their centers are 'anchored' with a large, recognizable long-term tenant such as a bank branch, grocery store or mall outlet.I get a bit of a smile every time I go by a lot with the "Operated by RioCan" at the bottom. Knowing in part, that the property is giving me a little bit of its income every month. RioCan has a more modest distribution yield of 4.94%, but has a solid history of increasing its dividend when compared to Dream.

Suncor (SU)

    This massive Canadian integrated oil company has so far been a bit of a sore spot on my portfolio from when I initiated my position back in September 2014, as it has fallen nearly 16% since then as oil prices have declined. I continue to hold on to the position and continue monitoring it for good opportunities to buy in to. Over the past few months I have seen it oscillate from a general low in the $35 range, and in the upper range of $39 fairly consistently and I see the $36-37$ as a good valuation to get back into it. Overall, Suncor remains a massive company which has been pushing itself to continue looking for efficiencies and other cost cutting measures to keep its cost per barrel down. So far the dividend remains quite safe as Suncor has a very solid balance sheet still. And even at today's price of $36.21 the dividend yield is 3.04%. The main foreseeable issue with them is that if oil remains low for a sustained period of time, than they may not be able to, or unwilling to let go of more capital to continue raising the dividend as they have so consistently in the past.


    These three are the main holdings which I am leaning towards. Dream and RioCan represent my inclination towards income generating assets, whereas Suncor offers a history of long term dividend growth and the potential for a substantial gain in its share price if/when oil prices rise and stabilize. And since Suncor will most likely have its position 'moved' into a non-registered taxable account where I will collect dividends from in a tax efficient manner I may be able to see a considerable tax-free gain from it in the future.

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!

Next Buy Watchlist: Nov. 2014

    This month I may have some extra capital to add alongside of my dividends for a smaller purchase. Depending on just how much cash I have to spare, I may end up only adding a bit to my exchange traded fund ZDV; which is still trading a fair bit below my current cost basis. Other than I am looking to adding to my current positions of my 'core' companies in the portfolio; particularly positions which haven't bounced back as much from the pullback in October and/or represent smaller holdings within the portfolio. Most likely the purchase would be of BNS, RY or NA.

Next Buy Watchlist: Oct. 2014

    Markets have been heading downwards recently, but that also means there are some better deals to be had. And so with some extra cash sitting around I'v decided to move about into my brokerage account and see what pops up within the next week or so. Normally when I move money into my brokerage account I have a clear purpose as to what I am buying already, down to sending pretty much exactly the amount I need for the targeted number of shares within $10 to account for small market fluctuations in the stocks price. This time however, with the markets being so volatile I'v decided to move an amount that can buy a nice amount of a group of particular stocks, but I don't have a single accusation in mind.

    Generally speaking though due to my current heavy weighting in Energy I am looking to avoid it, except perhaps more of Algonquin Power and Utilities as it has no stake in the Oil market which has recent seen its prices declining.

Next Buy Watchlist: Sept. 2014

    So in August I wasn't able to make any new investments, but this month I will be making an investment and so I have a few companies I am keeping my eye on. Last time I bought more shares of Toronto Dominion Bank (TD), which I am quite happy about since its gone from $55.50 to $57.48 today. Although that does mean it will be more expensive to buy more shares of it in the future.

    For the moment I want to further diversify my holdings and not add to any current positions so my watchlist will not have any of my current holdings; although if a very good opportunity occurs then I might add to a current position. The main one I would be looking to add to is AQN with the aim of having enough shares to DRIP two shares a quarter, as I really like this renewable energy company.

    So my current watchlist includes: Suncor, Manulife, Roger's and REITs

Next Buy Watchlist

    So I'v been able to save up a bit more money to buy a few more shares of a high quality company. I have narrowed down the list of companies but I'm still undecided. Currently based on my portfolio sector weightings of the type of companies I want to be invested in at the moment, I am looking for either Financial or Telecommunication companies.