Dividend Income – July 2020

At which point do we consider this situation the new normal? Interestingly, it has not impacted by stock selection strategy as I am focused on tollbooth stocks.

As you read through, you will noticed detailed graphs built from all the data I track to monitor and manage my portfolio. Just like an airplane pilot needs its instruments to navigate in the air, I need my portfolio and investment data to manage my investments. Don't manage your portfolio blindly hoping for results, you'll be sorry later.

Stock Trades

I still have some USD cash in some accounts for a potential opportunity that doesn’t seem to come since markets make new high. With that said, school will start soon and the flu season will be around the corner soon enough to see it impacts society and if we have any new opportunities.

I added shares to the following holdings:

I find Canadian banks currently offer some good value based on the yield and future growth potential. Since I primarily invest in my non-registered account, I tend to focus on investments that are simple for taxes and to setup the account for retirement income.

One stock on my buy list is Johnson & Johnson. I am watching it and the sector.

Portfolio Management

Sector allocation use to be how I set ratios but I realized it doesn’t work. Concentration are not equal and technology is shifting the landscape. So much so that many companies had industry adjustments. For example, Disney, Netflix, Facebook and Google are all part of the communication services sector now. On the flip side, all the payment technology companies are still in the financial sector but are really just technology tollbooth to payments.

As such, I focus on the industries now to get a view of my exposure.

Dividend Income

My July dividend income is at $2,172. Nothing special to report this month. The monthly income is generated from 16 holdings. All of my holdings are set to DRIP shares if possible. I don’t like to just let it accumulate as it takes time to accumulate enough to make the transaction fee worth it and then unless adding to each holdings, you end up selecting one stock with shares worth $20 or $400. The other thing is the timing. With synthetic DRIP, it happens right away and at RBC I can get a discount with Canadian stocks if one exists. If I wait, I may have lost a chance on the DRIP

 

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.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.
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