Dividend stocks portfolio – Recent Purchases – May 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.

The stock markets continue to reach new high daily, and TSX passed the 20K mark for the first time in its history.

My portfolio, mainly with dividend growth stocks, continued to performing well in May.

And most of my larger holdings have been trading at record-high prices. Wow! I am so excited than ever before.

I believe the bull market will continue for a while as the share prices are supported by their revenue and earnings growth (not driven by speculation).

However, there few sectors, such as renewable energy and technology stocks, were down.

Renewable energy

Renewable and technology were the favourite sectors for the investors for a while. Still, all of a sudden, people started to take profits and moved their money elsewhere, which created some buying opportunities, especially in the record-high markets.

I purchased more shares in my two existing renewable energy holdings (AQN and PIF). I already had sizable positions in AQN and PIF, and with the new purchases, they became in my top 15 holdings.

In the long run, I believe these two stocks will do well and pay growing dividends for years to come.

Technology stocks

The tech sector was also down in May.

For the last few years, my portfolio didn’t have enough exposure in the technology sectors. It was a massive mistake as I missed tremendous opportunities, especially in the U.S markets.

I had some indirect exposure via my U.S ETFs, but I would have done well with direct purchases.

Recently, I started to build positions in tech sectors, mainly in the Canadian market.

SYZ is now one of my larger holdings, and it pays a decent dividend.

Now, I have few other holdings in the tech sectors, such as ENGH. ENGH was down more than 20% from its recent high, and it pays a growing dividend. I believe this stock will perform well in the long term.

Last month, I initiated a small position in OpenText (TSX: OTEX).

After these purchases, I have a decent size position in the technology sector. And my portfolio diversification looks excellent.

Health Care sector

One missing sector is healthcare. Unfortunately, I am unable to find a decent company in the Canadian market. I have some exposure in the sector via my small-cap growth portfolio, but the size is still tiny compare to other holdings.

Small-cap portfolio

I continued purchase a small position in Next Green Wave Holdings Inc (NGW), Premier Health of America Inc. (PHA), and Quipt Home Medical Corp (QIPT.V). The first position is from the Cannabis sector, the last two from the Healthcare sector. QIPT.V is formally known as PTQ.V./p>

This portfolio is relatively tiny and higher risk than my dividend portfolios, and it represents around 3.5% of my investment assets. Currently, I have seven positions in this portfolio (QIPT, DNG, GEO, DN, NGW, QIS and PHA).

I have been slowly building this portfolio for the last couple of months. This portfolio is a very high-risk one, but I am hoping to get a significant return.

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.

There are a couple of small-cap stocks on my watch list. I may start initiating the positions in the coming weeks.

Here are the changes I made in my dividend portfolios in May 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 May 2021.

• added 400 shares of PIF at $17.75 (average purchase price)
• added 20 units of RIT at $18.20 (average purchase price)
• added 300 shares of AQN at $18.76 (average purchase price)
• added 75 shares of CGY at $54.59 (average purchase price)
• added 100 shares of ENGH at $55.00
• initiated 100 shares of OTEX at $55.65

There are no changes made in my U.S dividend portfolio in May 2021.

The changes made in my International dividend portfolio in May 2021.

• added 1 unit of ZGQ at $46.67

Due to recent changes my yearly estimated passive income (EPI) increased by $826 from $17 608 to $18 434 in April 2021 (exchange rate – 1USD = 1.2073 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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