Dividend stocks portfolio – Recent Changes – February 2023

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.

I sold one position (MRG.UN), and the proceeds raised from the sale were used to invest in my other existing Canadian dividend growth stocks.

There is nothing wrong with MRG.UN. I have been slowly building a position in a REIT ETF called RIT, and the ETF has a position in MRG.UN.

Therefore, I continue to have exposure to the stock via the ETF.

Thus, I decided to make minor changes to my portfolio.

Plus, I reinvested all the dividends income to buy more shares. I also added additional capital from the saving from my day job.

I put money into twelve different Canadian holdings and continued building the positions.

I added a few banks’ stocks last month. I think I made a move so fast. I should have waited longer to buy them as the bank stock prices dropped dramatically in March due to a U.S. bank failure.

Anyways, it is impossible to time the market.

I have decent size exposure to financial stocks. Thus, my portfolios took a hit with the recent economic event.

I invest for the long term. Hopefully, my position will recover and move higher in the coming months.

I reached one of my long-term financial goals.

My estimated yearly dividend income reached $25 000 in June. I successfully achieved one of my long-term financial goals of $25000 annual dividend income.

Small-cap portfolio

My small-cap experiment portfolio performance wasn’t that great.

I try to sell small positions at a time.

Again, it is an experimental project with a tiny portion of my money (compared to my dividend portfolios). It is just less than 1% of my overall investments.

Therefore, its poor performance did not make any significant impact in my net worth.

Here are the changes I made in my dividend portfolios in February 2023:

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 2023.

• sold 300 units of MRG.UN at $18.49
• added 10 shares of BCE at $60.95
• added 10 shares of TD at $91.10
• added 10 shares of EMA at $54.15
• added 10 shares of ENB at $51.55
• added 25 shares of T (Telus) at $27.38
• added 5 shares of CNR at $157.60
• added 10 shares of TRP at $54.75
• added 10 shares of RY at $138.20
• added 10 shares of BMO at $132.25
• added 60 shares of TPZ at $19.59
• added 25 shares of FTS at $55.03
• added 10 units of BIP.UN at $46.15
• added 2 units of RIT at $17.62

The changes made in my U.S dividend portfolio in February 2023.

There are no changes made in my International dividend portfolio in February 2023.

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With recent purchases and dividend increases, my yearly estimated passive income (EPI) increased by $792 from $29 589 to $30 381 in February 2023 (exchange rate – 1USD = 1.3570 CAD)

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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