Intro..
For those of you new to this website, in this post, I discuss the recent changes I made in my dividend portfolios, and sometimes I discuss my portfolio diversification strategies as well.
My portfolios rebounded sharply from December’s selloff and added a few more percentage as well. The gains were pretty impressive after the sharp drop in December.
December sell-off gave me a unique opportunity to buy some high-quality dividend growth stocks at a discounted price.
I purchased a number of stocks using saving, dividends, and also using some debts. Almost all the new purchases increased in value in January.
Actually, I did not time the market. I buy stocks when they trade hands at a discounted price. I found a lot of opportunities in December. So, I decided to buy some.
Now, most of the stocks have regained value. So, I decided to be silent and started to reduce some debts (that I accumulated in December) using from my saving and some other income (blogging income, etc.).
At the same time, I continued buying income producing assets, aka dividend-paying stocks, using the dividends received in late December and January.
But, I slowed down on my asset purchase after the sharp rebound.
If markets stay high, then I will buy one or two purchases (around $500 value) every other week and focus more on debts reduction.
In this way, I can continue building my assets and at the same time sharpening my buying power by reducing debts.
Here are the changes I made in my dividend portfolios in January 2019:
Disclaimer..
Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.
Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.
Please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.
The changes made in my Canadian portfolio in January 2018.
- Added 10 shares of TD at $68.90
- Added 5 shares of BMO at $88.50
- Added 20 shares of KEY at $27.14
- Added 17 units of ZDH at $20.07
The changes made in my U.S dividend portfolio in January 2019.
- Added 1 unit of DGRO ETF at $32.77
With recent changes and dividend hikes helped to my boost my yearly estimated passive income (EPI) to $10195, with year-to-date gain around 1.63%.
I have updated the portfolio pages with these changes.
Commission FREE ETF purchases
Are you wondering how I can execute small orders of ETSs? Thinking about commission fees?
Actually, I use Questrade for all my ETFs purchases. There are no commission fees for ETFs purchases at Questrade. Therefore, we could buy one or any number of ETFs without paying any commission fees.
This is a great way to deploy cash and invest for more cash-flow as soon as they come in.
For those looking to start investing with little money, Questrade is one of the good options to consider because of their commission-free ETF program and minimum requirements to open an account.
If you have a plan to open an account with Questrade, please accept my gift and take advantage of this $50 trade commission rebate.
There is a trading charge of $4.95 when you sell ETFs. All the details are at the time of writing. If you have a plan to open an account at Questrade, please check all the information (including current commission fees) on their website and see if it is suitable online brokerage for your needs.
Disclosure: Please note above is an affiliate link. Therefore, I will earn a commission if you use the above links to open an account at Questrade (at no additional cost to you).
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Tyler says
Very inspiring. Thanks for sharing. How long have you been investing like this for? I started about 2 years ago and am eager to eventually see some div growth and compounding happening.
Finance Jouneny says
Hello Tyler,
Thank yo for stopping by,
I have been investing since 2012, actually it was learning period. But, I set my goals and started to focus more from 2014.
Time is flying 🙂
Compounding growth is one of the most powerful tool to build wealth. You will start to experience the power when you consistently reinvest your dividend back into your portfolio. Make sure, diversify your holding by companies and sectors to reduce risk from any unexpected events.
Wish you all the best in your success
Best Regards,