Dividend stocks portfolio – Recent Changes – June 2022

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.

June was a brutal month for my portfolio. It was the worst-performing month after the March 2020 crash.

My overall portfolio value was down over 6% last month.

My investing holdings were performing fine during the last few months while the markets were heading south.

I was so excited to watch my portfolio’s performance. My major holdings were holding up well, and my largest sector, utilities, was doing well.

But, the party didn’t last. As expected, panic selling started to spread in the other sectors.

My defensive holdings started to decline last month.

I actually prepared for this. I prepared financially and mentally to weather this crash.

I don’t know when we will reach the bottom and whether we have already reached it, which is almost impossible to predict.

Thus, I decided to use the dollar cost averaging strategy.

Therefore, I will slowly and steadily add high-quality dividend-paying stocks to my portfolio.

This is my 4th market correction in my investing journey. My portfolio was down a lot during the March 2020 crash. It was the fastest crash; however, it recovered so quickly.

I don’t know how long the current one is going to last. Meanwhile, I take this as an opportunity to continue adding income-producing assets to my portfolio.

I reached one of my long-term financial goals.

Regardless, 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.

Changes

Last month, I trimmed position in CGY and, locked profits, redeployed the money from the sale to purchase some Canadian bank stocks and some REIT units.

Small-cap portfolio

As I mentioned in my previous posts, my small-cap experiment portfolio didn’t perform well. I started to liquidate this portfolio.

I try to sell small positions at a time.

One stock from my small-cap growth portfolio (TSX: QIPT) recovered slightly recently. Thus, I sold it entirely with a tiny profit.

And the rest of the holdings are still down. I may sell them once I see some recoveries in the area.

Again, it is an experimental project with a tiny portion of my money (compared to my dividend portfolios). It is just less than 2% of my overall investments.

Therefore, its poor performance is not noticeable.

Here are the changes I made in my dividend portfolios in June 2022:

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 June 2022.

• sold 100 shares of CGY at $71.42
• added 17 units of RIT at $17.21 (average price)
• added 6 units of MREL (IDR renamed to MREL) at $12.69 (average price)
• initiated 300 units of DIR.UN at $13.62
• added 60 shares of FRU at $12.70
• added 30 shares of AQN at $17.23
• added 100 shares of ENGH at $26.93
• added 16 shares of QSR at $65.43

The changes made in my U.S dividend portfolio in June 2022.

• added 6 units of NUSI at $19.98
• added 3 units of DGRO at $45.60

The changes made in my International dividend portfolio in June 2022.

• added 1 unit of IDV at $28.89

With recent purchases and dividend increases, my yearly estimated passive income (EPI) increased by $505 from $24 813 to $25 318 in June 2022 (exchange rate – 1USD = 1.2873 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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