With the markets fluctuating, I see opportunities. While I would normally build up my cash for my upcoming $6,000 TFSA contribution for 2019 (x2 for my spouse), I decided to take advantage of the market swings and do some buying.
November has been an active month. In fact, I pretty much bought broke my diversification strategy and loaded up on financials during the month.
- Increased position in CIBC TSE:CM
- Increased position in National Bank TSE:NA
- Increased position in Metro TSE:MRU
- Increased position in BlackRock NYSE:BLK
- Started a position in MasterCard NYSE:MA
- Reduce my position in Brookfield Infrastructure Partners TSE:BAM.A
- Sold my position in Brookfield Asset Management TSE:BAM.A
- Sold my position in BCE TSE:BCE
Here is what my diversification looks like after November. While my diversification ratios are not on target my stock exposure in the overall portfolio doesn’t go over 6%. I would like to target 5% but my winners keep on winning…
My November 2018 dividend income is $1,650.69. It’s a $419 increase over the same month last year and represents a 34% increase.
At the end of the year, I like to plan the next year and forecast where I land. After setting up all of my accounting using my portfolio tracker, I can see my dividend income is going to be up by 10%. My average annual dividend growth is currently at 22.68% which is based on dividend increases and new money invested. I forecast my future with 17.68% just to be safe.
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.