While my personal portfolio is invested with a dividend growth investing strategy during the accumulation years, the corporate investment account will be an income account.
The income account differs slightly from a retirement account. The income account will not be expected to keep up with inflation, unlike a retirement portfolio. A retirement portfolio pays the bills and must keep up with inflation.
There is an important distinction between the accumulation years and the income years. The former is focused on growing the portfolio to the largest size possible while the latter is to generate the highest income possible while preserving the capital.
Corporate Account Guidelines
When you have a corporation with profits, you have the choice to re-invest the cash for more growth, pay a dividend to shareholders, or keep it in cash just in case.
I am opting to keep the cash in the company for now and investing it. To that end, I have opened an investment account with Qtrade. Qtrade will be my corporate investment platform.
The investment timeline is short to medium simply to earn income. It’s definitely not long term but if there is a market crash, I could wait. I plan to invest quarterly mostly targeting $5,000 per quarter.
The guidelines for the account are pretty simple;
- Preserve capital by not taking unnecessary risks while not expecting growth, per se.
- Earn income from the investment with a yield above 5% from dividends or distributions.
- Keeping up with inflation is not necessary as it’s not a retirement account.
- No re-investment of income. It will either be used to pay taxes, or withdrawn from the corporation as dividends to myself.
- Focus on Canadian currency.
The money invested is simply a way to put the cash to work. Banks don't pay interest, and a high-savings account doesn't pay either.
Corp Account Holdings
The holdings with purchase price and current price along with the total shares will be outlined here for full transparency. Remember that this is an account focused on defence investing and not considering inflation as I normally would with a retirement portfolio. I am simply not interested in GICs, Bonds, or a high-interest account, so I am trying the following approach.
- Invested Capital: $149,000
- Total Value: $184,572
- Forward Annual Income: $8,398
- Forward Yield: 4.55%
- Annual Rate of Return: 11.88%
| Ratio | Ticker | Yield | Name |
|---|---|---|---|
| 16.6% | ZSP.TO | 0.91% | BMO S&P 500 Index ETF |
| 11.0% | HDIV.TO | 11.19% | Hamilton Enhanced Multi-Sector Covered Call ETF Class E |
| 10.9% | ZNQ.TO | 0.29% | BMO NASDAQ 100 Index ETF |
| 10.2% | IFC.TO | 1.87% | Intact Financials Inc. |
| 8.6% | YTSL.NE | 12.83% | Tesla TSLA Yield Shares ETF |
| 8.5% | ENB.TO | 5.99% | Enbridge Inc. |
| 6.8% | BCE.TO | 11.53% | BCE Inc. |
| 6.7% | DOL.TO | 0.27% | Dollarama Inc. |
| 5.3% | GSY.TO | 2.65% | GoEasy Ltd. |
| 5.2% | ATD.TO | 1.01% | Alimentation Couche-Tard Inc. |
| 4.7% | HYLD.TO | 11.89% | Hamilton Enhence US ETF |
Corp Account Transactions
All the transactions will be outlined below, and a post will describe the selection process.
2024 Transactions
Old-school Canadian income stocks are recovering, and I bought some good old stocks at a discount.
| Date | Action | Ticker | Shares | Price | Amount |
| December 27, 2024 | Buy | DOL.TO | 90 | $140.92 | $12,691.55 |
| December 27, 2024 | Sell | HCAL.TO | 762 | $25.10 | $19,117.45 |
| December 20, 2024 | Buy | GSY.TO | 55 | $164.00 | $9,028.75 |
| December 17, 2024 | Buy | ZNQ.TO | 100 | $101.85 | $10,193.75 |
| December 16, 2024 | Sell | T.TO | 454 | $20.70 | $9,389.05 |
| December 16, 2024 | Sell | TD.TO | 129 | $75.80 | $9,769.45 |
| December 12, 2024 | Buy | ZNQ.TO | 100 | $99.67 | $9,975.75 |
| October 18, 2024 | Sell | ENB.TO | 260 | $57.75 | $15,006.25 |
| October 18, 2024 | Buy | ZSP.TO | 250 | $88.35 | $22,096.25 |
| September 30, 2024 | Sell | FN.TO | 180 | $39.46 | $7,093.25 |
| September 30, 2024 | Sell | ENB.TO | 70 | $54.59 | $3,812.55 |
| September 30, 2024 | Sell | HCAL.TO | 200 | $23.80 | $4,751.25 |
| July 4, 2024 | Buy | HYLD.TO | 577 | $13.84 | $7,994.43 |
| July 2, 2024 | Buy | YSTL.NE | 490 | $19.20 | $9,416.75 |
| July 2, 2024 | Sell | GWO.TO | 214 | $39.45 | $8,433.55 |
| May 9, 2024 | Buy | IFC.TO | 73 | $228.42 | $16,674.66 |
| May 9, 2024 | Buy | ATD.TO | 125 | $75.10 | $9,387.5 |
| May 9, 2024 | Buy | WCN.TO | 36 | $226.95 | $8,170.20 |
| May 9, 2024 | Sell | GWO.TO | 200 | 42.90 | $8,580.00 |
| May 9, 2024 | Sell | HMAX.TO | 1,795 | $13.85 | $24,860,74 |
| April 19, 2024 | Buy | TD.TO | 114 | $78.88 | $8,992.32 |
| April 15, 2024 | Deposit | $9,000 | |||
| January 2, 2024 | Buy | HMAX.TO | 1,730 | $13.94 | $24,124.95 |
| January 2, 2024 | Sell | FHI.TO | 2,051 | $11.55 | $23,680.30 |
| January 2, 2024 | Buy | ENB.TO | 580 | $48.25 | $27,993.75 |
| January 2, 2024 | Sell | BNS.TO | 443 | $63.52 | $28,130.61 |
2023 Transactions
2023 was tough, and the portfolio was mostly down.
| Date | Action | Ticker | Shares | Price | Amount |
| October 6, 2023 | Buy | BNS.TO | 85 | $59.45 | $5,062.00 |
| October 5, 2023 | Deposit | $5,000.00 | |||
| September 20, 2023 | Buy | BNS.TO | 156 | $64.83 | $10,122.23 |
| September 15, 2023 | Deposit | $10,000.00 | |||
| August 2, 2023 | Buy | BCE.TO | 110 | $56.97 | $6,275.45 |
| August 2, 2023 | Sell | GWO.TO | 156 | $39.78 | $6,196.37 |
| July 19, 2023 | Buy | T.TO | 420 | $24.23 | $10,185.35 |
| July 19, 2023 | Deposit | $10,000.00 | |||
| May 18, 2023 | Buy | FN.TO | 180 | $39.98 | $7,205.15 |
| May 18, 2023 | Buy | BCE.TO | 210 | $62.96 | $13,229.75 |
| May 15, 2023 | Deposit | $20,000.00 | |||
| March 15, 2023 | Buy | FHI.TO | 350 | $11.25 | $3,946.25 |
| March 15, 2023 | Buy | HCAL.TO | 200 | $19.77 | $3,962.75 |
| March 15, 2023 | Buy | GWO.TO | 196 | $34.99 | $6,866.67 |
| March 13, 2023 | Deposit | $15,000.00 | |||
| January 16, 2023 | Buy | FHI.TO | 849 | $11.85 | $10,069.40 |
| January 16, 2023 | Deposit | $10,000.00 |
2022 Transactions
| Date | Action | Ticker | Shares | Price | Amount | Post |
| December 19, 2022 | Buy | ZWU.TO | 460 | $11.60 | $4,640.75 | |
| December 19, 2022 | Buy | HDIV.TO | 300 | $15.44 | $5,344.75 | |
| December 15, 2022 | Deposit | $10,000.00 | ||||
| December 5, 2022 | Buy | HDIV.TO | 609 | $16.38 | $9,984.17 | Details |
| December 2, 2022 | Deposit | $10,000.00 | ||||
| November 21, 2022 | Buy | FHI.TO | 759 | $11.95 | $9,078.80 | Details |
| November 7, 2022 | Deposit | $9,000.00 | ||||
| October 5, 2022 | Buy | HCAL.TO | 385 | $21.09 | $8,128.40 | Details |
| October 4, 2022 | Deposit | $8,000.00 | ||||
| September 29, 2022 | Buy | HCAL.TO | 258 | $20.64 | $5,333.87 | Details |
| September 27, 2022 | Deposit | $5,000.00 | ||||
| May 16, 2022 | Buy | GWO.TO | 209 | $33.01 | $6,907.93 | Details |
| April 25, 2022 | Buy | ZWU.TO | 600 | $13.50 | $8,100.00 | Details |
| April 20, 2022 | Buy | GWO.TO | 134 | $37.266 | $5,002.43 | Details |
| April 19, 2022 | Deposit | $20,000.00 |