For those of you new to this website, in this post, I discuss the recent changes I made in my dividend portfolios and also discuss about my portfolio diversification strategies.
TSX is one of the worst performing markets in world for year to date, even after the recent sell-off in U.S markets.
As a Canadian investor, I hold almost 80% of the positions in Canadian market and majority of them are dividend growth stocks. For the last couple of weeks, most of the dividend paying stocks have been hitting hard by rising bond yields. And, my portfolio didn’t escape from the downward pressure.
If you have a portfolio with utilities, telecom, REITs and other rate sensitive stocks, then you would have felt the same as me; however, my financial holdings (around 20% of my portfolio) were keeping up well during the period, but they also started to fall recently.
I usually consider these type sudden drops as buying opportunities and start adding more units at lower prices, but this time my hands are tied. I committed to bring down my debt level below $300K by end of 2019. Therefore, I didn’t make any bulk purchase this time, but I just added few minor positions.
As of the writing, all market keeps falling (Feb 06, 2018). There are some blue-chips stocks trading at attractive valuation, but I am not planning make any bulk purchases for now. I am a small investor. My bulk purchases mean 50 – 100 stocks and small purchases mean 5 – 25 stocks 🙂 .
I started my investment journey after the financial crisis. So, I didn’t experience any massive sell-off, but I did experience couple of bear markets (2015 & 2016), corrections and some sector crashes (energy), etcs. As experts say, they will be another sell-off, but nobody knows when this will happen. May be it is already started today – Dow and S&P 500 dropped more than 4% 🙂 .
Now, I am well prepared to handle any massive sell-off – both mentally and financially. I have over $70 000 credits available at low interest rate (outside of my margin). So, I can pass through any crisis without selling my holdings and even I could start hunting more units for lower prices.
Mean-time, I will be keep adding minor positions and continue reducing my debt loads. Many readers suggested me to take eye on my debts. I will definitely listen your advises. Thank you very much guys 🙂
Now let’s look at the changes I made in my portfolios.
Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at anytime.
Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.
Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.
Here is the changes I made in my dividend portfolios in January 2018:
The changes made in my Canadian portfolio in January 2018.
- Added 30 shares of CGX in two different trades at average price of $32.60
- Added 10 shares of BCE at $58.65
- Initiated new position in NWC by adding 25 shares at $29.66
- Added 35 units of ZDH ETF in 4 different trades at average price of $23.24
- Sold 12 units of VGG at $45.58
The changes made in my U.S dividend portfolio in January 2018.
- SOLD 10 shares of EMR at $72.41
- SOLD 20 shares of KO at $45.85
- Added 12 units of SDY at $94.87
The changes made in my Small Cap Growth stocks in January 2018.
- Bought 80 shares of DIV at $3.49
- Bought 25 shares of CWX at $7.39
With these changes along with nice dividend hiked from few companies in my portfolio, my estimated yearly passive income increased to $8634 in January.
As you can see, the most of the stocks lost value after I made the purchases. I think I should have waited few more days, but I didn’t know about the sell-offs in advanced 😀 .
I have updated the portfolio pages with these changes.
Please share your thoughts about my holdings and recent purchases. Also share your investment strategies with us.