Hello all and welcome to my Money While You Sleep May edition. Been a pretty crazy month in our life and in the stock market. Trade wars have made the market very bumpy, even more important is if your going to buy in this market you have to be careful on what your buying just in case the markets takes a turn for the worse. Before we get into the portfolio here is what we have been up too.
- Decided to add to the goals list for this year by getting a bit more complete in the backyard.
- Still waiting for our hot tub
- Planted 13 more trees, removed 17 yards of dirt and added 5 more yards of small bark chips (I’m tired).
- Working on getting Z on two wheels.
- Finally got the summer tires on and gave my truck an oil change (I like to think I’m a handy man).
- Z still rocking swimming lessons.
- Celebrated Maria’s Grandparents 60th anniversary, impressive!
- Watched my Bruins land their spot in the finals, hopefully they can bring lord stanley home.
Here are a few pictures
Now let’s get down to business
As you know if you have been following my blog we slightly changed the strategy using about 5% of the portfolio to trade mainly well respected companies, when short term noise has hurt the stock price we purchase these companies and then move on to the next candidate. This month saw the strategy bring in $438.97 by making three sell’s which I’ll discuss below. This bring’s the 2019 total to $3,140.49 not including any dividends received.
We reduced a couple positions as we were a bit heavy in them and put that money into one new position and added to another. I probably had the worst timing as oil took a dive and so did the rest of the market only one day later. Good thing i picked two companies I’m comfortable holding long term. Regardless don’t try to time the market and if you get lucky, good on you!
Sold 100 shares of ZZZ at a price of $19.40. We originally purchased these on May 3 at a price of $17.57
This was a bit of a quick play by only holding these for about 14 days. They came out with their results which were pretty good and they also raised the dividend. I sold these after the ex dividend meaning we will receive the next payout and will help us drip two shares if my math is correct. By selling this it brings our position to about 5% of our portfolio and that is exactly where we want to be with this one.
Sold 130 shares of SIS at a price of $13.55. We originally purchased these (138 shares) on May 6 at a price of $12.65
Well they came out with their results and i feel the quarter was very good, the market did not like it as much as the numbers showed. So we shaved the position to bring it to about 5.5% of total porfolio and decided to only sell 130 of the 138 shares originally purchased.
Opened a new position in Russell Metals with a purchase of 100 shares at a average price of $23.77
Who is RUS:
Russel Metals Inc. is a Canadian public metals distribution and processing company. It is one of North America’s largest metal distribution companies, with operations across Canada and the United States.
I have been watching them for quite some time. over the last several months they have been hurt by the trade tariffs. Within the past two weeks these tariffs have been removed and this should benefit Rus. They currently only payout 44% of the money they make to a dividend, leaving room for growth and debt repayment. They pay a dividend of about 6.75% annually. Which will bring in about $38 next month.
Added to our Suncor position by adding 30 more shares at an average price of $43.98
Who is SU:
Suncor Energy is one of Canada’s largest integrated energy companies, operating in western Canada, east coast Canada, the United States, and the North Sea. The upstream portfolio includes bitumen, synthetic crude, and conventional crude, which helps to offset higher-cost oil sands production. Suncor’s upstream production is supported by its refining operations, which have a capacity of 462 thousand barrels a day. Production averaged 685 mb/d in 2017, and the company estimates that it holds approximately 7.5 billion barrels of proven and probable crude oil reserves.
I spend time at their Refinery in Edmonton and they are by far one of the most responsible companies cost wise. They are set up for the future. I believe oil and gas is on it’s way back and so does Warren Buffet as he just opened a new position in them in the last quarter of 2018. Dividend is currently around 4.00%. 5 year pe ratio average is in the range of 57 so this can definitely go higher on price as well. They make plenty of cash and that will do them well in the future.
Dividend increases or decreases
TOG increased dividend by 14%
ZZZ increased dividend by 5%
POW increased dividend by 6%
No dividend cuts
2016 – 2017 – 2018 – 2019 Dividends
Dividends received in May were $187.03 which is a 86% increase year over year. I love how the chart is starting to look, very consistent trend month over month.
Dividends received per stock
Not too sure on what the summer holds, not planning on making too many moves over the next few months unless an opportunity arises.
What are you currently watching? Do you see any big values plays at this current time or is the market very rich?
Thank you for reading, see you next month and remember:
INVEST IN YOURSELF