Recent Buys/Sell

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19 Responses

  1. I like the purchases. Canadian National Railway is one of the stocks I would like to have in my portfolio as well. Didn’t really know it was going down, as I haven’t been looking at it recently. The yield of 1.65% is a bit low, but the dividend growth is fantastic. Maybe I’ll initiate a position if it drops a little further. Below $90 or a yield of 2%+ would be a great, haha :).

    • Hey Dutch, its true the yield is low. This one and restaurants brands are my 2 stocks under 2% but i think their growth and stability will make it worth it. Like you I hope it go’s under 90$ as well, I will keep adding to my position then. I always remember reading on motley fool this – A $10,000 investment in CN two decades ago would be worth about $230,000 with the dividends reinvested today. That always helps me ignore the low yield at the moment.

  2. Leo T. Ly says:

    I have been eyeing CNR for a while and sold a few put options at $90 per share. If CNR does indeed drop to $90 per share, I will be delighted to buy them.

    I have boardwalk too, but I am not selling it. Having my dividends being cut by 50% sucks, but I would rather have this option than to have them pay dividends with money they did not earn.
    Leo T. Ly recently posted…Are You Aware Of These Money Scams?My Profile

  3. Cris says:

    I think that was wise from your side to reduce the exposure to Boardwalk.

    TD might be lower today as it missed the expectations and CNR is a good position for the long run.

    Today Enbridge and Enbridge Income fund will open lower maybe around $2 lower… this might be another good entry point.

    • Thx cris always enjoy your insight. Thats great to hear about td to be honest. Some stocks keep rising so fast (which is good short term) but i cant keep up with their drips. Ill see about adding more enbridge or the income fund. Think i read yesterday the income fund is raising dividend 10% next yr.
      Cheers!

  4. Shake and Bake! Love the reference haha. Nice move. Want to get in on the Canadian banks as well sometime but haven’t made the plunge yet. Hard to find a good entry price.

  5. Thanks for linking me in your post. I am a big fan of CNR congrats on that purchase I will be looking to add to my position in CNR. Thanks have a great day.

  6. May says:

    I have some CNR in my RRSP. Recently I got some new fund in my taxable account so I am thinking to buy more CNR there and switch CNR in RRSP to some stocks with higher yield. I missed the dip and waiting for CNR to pull back again.

    The market is crazy and I am very hesitating to buy anything. I bought some TD in summer and wanted to add to my position. But at current price the yield is far below the historical level and I thought it’s overpriced. But maybe long term wise buying Canadian banks is always OK no matter when you buy it.

    I bought some CM before the revenue call. Some nice gain there.

    • Hey May. Personally i dont get the switch of accounts. The yield on cnr is way lower so i would rather have that in a rrsp. (Taxes in the future vs tfsa no tax) Although cnrs growth may be higher then a high dividend stock. I dunno your marital status but being married grants us access to 2 tfsas. Which currently give us 104,000 contribution room to tax free canadian stocks. Everyone should be diversified globally as well, so i try not to keep any canadian stocks in the rrsp at the moment. Rrsp is a great way to hold u.s stocks without the tax on the dividends.

      The market is crazy but enbridge has pulled back lately and i think the u.s stock market still has some good deals. (Healthcare stocks and consumer defensive atleast)

      As for the banks yeah they are getting high last quarter i wantws to add to td before the dividend to get the drip. I decided to wait for a pullback but banks continue to roar. I added to ensure the drip. Long term its all good.
      Hope that helped May.

      • Opps just re read your comment. Your taxable account. Yes that would probably would be a good move. I havent maxed our tfsas or rrsp’s yet so I dont know all the tax rules on a taxable account. Sounds like your doing great though! Cheers

  7. Looks like a great swap. TD and CNR are bluechip stocks. You will do well with them!

  8. I own TD and love it. But I don’t like the valuation at the moment. Bit high for buying more. I regret not buying more when the price was 30% lower. 🙂

    I would love to own CNR. But I didn’t pull the trigger yet. Same valuation problem. On the other hand, it keeps going up in the long term, it’s a great company and the price under 100 was not bad at all.

    I guess you have 2 nice buys there. Good luck to you!
    Pursuit 2 Freedom recently posted…Dividend income of NovemberMy Profile

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