Dividend stocks portfolio – Recent Changes – August 2020

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.

Portfolio changes:

I made a minor change in my Canadian portfolio. I sold one of my long-term position and purchased another one using the money raised from the sale.

Yes. I sold my CIBC shares and bought Royalbank stocks.

In my view, there is nothing wrong with the CIBC stocks. It is one of the top five financial companies in Canada. I had only 40 shares in my Canadian portfolio, but I am not too comfortable to buy more shares because of its too much exposure in the Canadian housing market.

And I had only 100 shares of Royalbank and is holding up its value in this recessionary environment. Thus, I decided to sell my CIBC shares and buy RY.

Besides, I initiated a position in Polaris Infrastructure Inc (TSE: PIF) by purchasing 300 units.

Polaris Infrastructure Inc., a renewable energy company, has operations in Latin America.

When I was looking for an alternative energy company to my portfolio, I found this one. There were a couple of other options in the Canadian markets, but they look costly now.

PIF is a bit high risk compared to the other stocks due to lack of diversification and its operative location, but I believe it will do well. It is a small-cap stock. Thus, there could be a chance for take-over by a big company.

The market corrections

As expected, the U.S markets have been going through a minor correction recently, especially in the tech sector.

Some high-flying tech stocks have given up over 20% of their market-cap in the last two weeks, while value stocks have been holding up well.

Maybe it could be a short-term issue.

I have minimal exposure in the sector through my U.S ETFs, so the impact is minimal in my portfolio.

Experiment Small-cap portfolio

I have some interest in buying small-cap stocks.

In late 2017, I built an experiment portfolio with small-cap stocks using around $2500 (1.25% of net worth at the time) and made a couple of changes later.

Almost a year later, in October 2018, I sold my entire small-cap growth portfolio with a small loss. I lost around $200. It was an experiment.

Now, I decided to try one more time with a small amount of money. This time, my selection criteria will be slightly different from my previous one.

I will add more details later.

Here are the changes I made in my dividend portfolios in August 2020:

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 August 2020.

• SOLD 40 shares of CM at $97.52
• added 40 shares of RY at $97.52
• added 50 shares of BAM.A at $43.25
• initiated 300 shares of PIF at $14.40

The changes made in my U.S dividend portfolio in August 2020.

• added 5 units of ZUD at $21.39
• added 1 unit of DGRO at $40.66

The changes made in my International dividend portfolio in August 2020.

• added 1 unit of ZDH (Canadian hedged)at $18.27

Due to recent changes my yearly estimated passive income (EPI) up from $13 626 to $13 821 in August 2020.

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: This post contains affiliate link. Therefore, I will earn a commission if you use the links to buy products or services (at no additional cost to you).

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