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 (NYSE:CM)
- Increased position in National Bank of Canada [TSE:NA] (OTCPK:NTIOF)
- Increased position in Metro [TSE:MRU] (OTCPK:MTRAF)
- Increased position in BlackRock (NYSE:BLK)
- Started a position in Mastercard (NYSE:MA)
- Reduce my position in Brookfield Infrastructure Partners (NYSE:BIP)
- Sold my position in Brookfield Asset Management (NYSE:BAM)
- Sold my position in Bell (NYSE:BCE)
Nothing wrong with the Brookfield holdings, just saw an opportunity in other companies. As for Bell, it's a solid company, but I prefer TELUS (NYSE:TU). I just had a small position in it and decided to trim it.
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.
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.
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.