Investing is supposed to be boring but the last 10 years of low interest rate is gone and the domino effect is happening!
Are you lost now with your holdings? Your darling income stocks have pulled back now that the interest rates have gone up? The yield is higher, but your portfolio value is down I suspect … This is what investing for income with normal interest rates is like.
May is when we made our TFSA contributions. This year, I did not add any new money, I used money from our taxable account and moved it to our TFSA accounts.
I simply added to existing holdings. No new stocks. The thing I have learned since 2009 is that a great company is worth adding more and more over time and that many investors are often blocked from doing that with too much analysis.
I also was making money with my Activision play and decided I had waited long enough for the acquisition by Microsoft to sell Activision and bought more Costco.
In my taxable account, I also unloaded Amazon and bought more TD Bank. Be greedy when others are fearful is a saying the Oracle of Omaha often says. I felt it applied to TD Bank.
I have a total of 8 Canadian dividend stocks – really the best Canadian blue-chip stocks I conclude (excluding BNS). Only 8 Canadian stocks in total. How many do you have? Happy with all of them? Many Canadian investors will have 8 REITs let alone the other companies …
This is where the idea of diversification and conviction plays a key part in your investing mindset.
My May 2023 dividend income is $4,984.
Here is what my dividend income has been and how I forecast future dividend income. 20.86% is the average dividend growth since 2010.
The dividend growth includes both new money, DRIP shares, and the dividend growth by the companies.
If you want high income, check out the corp account. This retirement account has a yield of 2.32%.