Good Morning everyone, Time to Shake and Bake our portfolio!
Our Recent Buys/Sell
You won’t see me post to many sale posts. As I always state I am not a professional investor and am still learning. We had a position Boardwalk Reit in both our Tfsa as well as our sons RESP. Well in mid November they stated they are going to cut their dividend by 50% next year to start funding more diversification into other provinces. After Matt mentioned it, I was debating what I was going to do before market opens. My sons RESP was basically in break even (maybe a little up with dividends) while my small position in my tfsa was way down.
I think the move by Boardwalk is a smart one long term, but decided to sell off our position in my sons RESP. I’ll hold onto the position in my tfsa, so I don’t actually realize a lose. (It’s also only 28 stocks, which is a small position) To be honest I’m surprised how little the stock has pulled back after the announcement, maybe the market likes the decision as well. I will be keeping an eye on this stock and maybe will even add to our position in the future, if the stock pulls back enough.
I learned something from this, Buy great companies with long track records of dividends. A great moat around the business helps as well.
Canadian National Rail
There has been one stock I have had my eye on for awhile. It has slowly been pulling back on NAFTA fears. Maybe its the Christmas theme to but I decided to buy a Railroad. CNR or Canadian National Railway. Yesterday the stock dipped to $99.46, I was waiting for it to go under 100. I guess this counts? Anyways with the proceeds from the sale of Boardwalk we purchased 36 shares. CNR has a wide moat and their rails go to 3 different coasts. They have a dividend growth streak of 21 years and raised their dividend 20% this year. Their 10 year dividend growth rate is a whooping 16.5%. Its current yield is only 1.65% though adding 59.40 in yearly forward dividends.
While this stock may be volatile on NAFTA fears, its a great stock long term. Rails are one of the most efficient modes of transportation and I don’t see that changing for a long time. Yes I know about the tesla Semi’s, but they drive on road’s and traffic is only getting worse and worse.
We also added to our position in TD Bank, adding 13 more shares @ 74.50. After missing the last drip because the stock has rose so much, we needed to add. Adding these additional 13 shares brings our td dividend up to 78.60 per quarter. The banks have been on a tear lately, and will probably post better results next quarter as interest rates have rised. Here’s hoping that this 78.60 payment can continue to drip this stock for awhile. =) This purchase adds $31.20 in forward yearly dividend’s.
Well that’s the stock moves we have been up to lately, CNR seems to be getting hammered this morning already…. Arg. That’s investing though. Long Term we will be alright. Have a great day!