Dividend stocks portfolio – Recent Changes – February 2021

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:

Last month, I continued making minor changes in my portfolios to improve the quality and performance.

I sold two of my long-term positions from the utility sectors and initiated three new technology positions and real-estate sectors.

I also sold my inter-Pipeline (TSX: IPL) stock after receiving a takeover offer from BIP.UN. IPL was a tiny position in my portfolio. I had only 50 shares. I initiated this position a while ago but stopped adding more because of its massive debts and lack of growth.

All three stocks I sold were in my portfolio for very long-term and paid dividends, but their performance wasn’t great compare to my other holdings. In fact, two of them (Altagas and IPL) reduced their distributions.

Thus, I decided to exit the positions and added some new positions in different sectors.

Besides, I took advantage of the recent market volatilities and added more stocks to my existing holdings.

I will continue to review my holdings and make some changes in the coming months.

Market volatilities

A market rotation going on from growth to value stocks, and high-flying tech stocks took a big hit during the recent market sell-off. Some of them down over 30% in a few trading days.

During the same period, a few stocks were down in my portfolio, but overall portfolio performance was great, thanks to my diversification strategy.

This sell-off in the high-flying stocks was widely expected for a while. But, it is happening now.

I think it will continue for a while.

And, the Canadian dollar is also recovering against the USD. Therefore, I will have opportunities to move some cash into the U.S market and add some high-quality names to my U.S portfolio.

A Year Ago

Exactly a year ago, on March 10, 2020, the stock markets crashed due to health issues and lockdown fear.

I was in a panic and sold almost $70 000 worth of stocks (around 25% of my portfolio) to protect my margin loans. Even though I had enough money from my line of credits to cover, I made the difficult decision to sell because there were so many unknowns surrounding the markets and our lives.

Luckily, I was able to purchase the majority of the stocks I sold for a much lower price later.

A year later, the markets are at an all-time high, and financially I am in a much better position.

All those market crashes and fears turned out to be a short-term issue.

It was a good learning experience, and I can proudly say that I came through a big market crash.

Small-cap portfolio

In my small-cap portfolio, I added one more new position.

I purchased a tiny position in Geodrill Ltd (GEO). It is a drilling company. It wasn’t a dividend stock when I purchased it, but recently it announced that it would start paying the dividend.

Besides, I sold a small position in PTQ last month and purchased them back later for lower price. A small trade for a small profit.

This portfolio is relatively small and higher risk than my major dividend portfolios, and it represents less than 1.5% of my investment assets. Currently, I have only three positions in this portfolio (PTQ, DNG and GEO).

Also, I will frequently change positions as I have been learning in this small-cap space.

Therefore, I decided not to publish this portfolio until I have a solid plan.

I may consider adding a few more names in the coming months.

Here are the changes I made in my dividend portfolios in February 2021:

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 February 2021.

• Sold 125 shares of CU at $31.26
• Sold 150 shares of ALA at $19.85
• Sold 50 shares of IPL at $17.50
• initiated 18 units of GRN.UN at $74.10
• initiated 200 shares of ENGH at $55.25 (average price)
• initiated 200 shares of CGY at $56.56 (average price)
• added 25 shares of FTS at $49.35
• added 250 shares of CPX at $35.25
• added 100 shares of PIF at $20.85
• added 4 units of RIT at $16.36

The changes made in my U.S dividend portfolio in February 2021.

• added 1 unit of ZUD at $23.54

There are no changes made in my International dividend portfolio in February 2021.

Due to recent changes my yearly estimated passive income (EPI) increased by $774 from $16 688 to $17 462 in February 2021 (exchange rate – 1USD = 1.265 CAD)

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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