It’s a new year with a new contribution room for the TFSA account. The best part is that for 2019 the limit was increased by $500 to $6,000. That’s an extra $500 of tax-free investing.
For the 2018 year, my total dividend income has reached $19,002. Not quite $20K but it will definitely be there for 2019 considering the amount of money added, the amount of money I will add and the dividend growth expected. I own many dividend ambassadors that provide me with strong dividend growth.
I made two transactions in December. One to be expected and one not to be expected.
- Increased position in TD TSE:TD
- Started a position in Alphabet (aka Google)
Alphabet is my first non-dividend stock since I started with dividend investing back in 2009. I have been watching it on the sideline for many years and it’s just a solid business with growth across many technical innovations. The holding represent 3% of my portfolio as of writing. It’s not a gamble or a short term investment, it’s a long-term investment within the technology sector. The pullback created an entry opportunity I took advantage.
I ask you to properly look at the chart below, the sectors I am overweight in, have been discounted and I have been buying. I am doing the opposite of what others are doing. I am not looking for a recession-proof stock, those are not discounted anymore since investors have been flocking to them in the down market.
Be fearful when others are greedy and greedy when others are fearful.
Check out my portfolio, I have updated the table and I share how long I have had the investments and the dividend income ratio the investment provides.
My December 2018 dividend income is $1,692. In total, I have earn and reinvested $19K this past year. It’s a $3,300 increase over 2017.
In fact, my “as is” forecast based on today’s dividend is a $20K but my forecast including the dividend growth and new money puts my 2019 dividend income at $22,500. Below is the graph representing my dividend income since I started with a portfolio around $100,000. It’s now worth $760,000 and I have earned a total of $86,730 in dividend since 2010. Learn from my mistakes.
DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.