Hello investors! Welcome to another edition of Money While You Sleep. It was another crazy month for me as turnaround season took up most of my time. Before we get into the portfolio here are a few other things my family and I have been up to:
- Celebrated my 40th birthday which was awesome.
- C started his pre power skating classes.
- Z started competitive dance and now is busy every evening during the week.
- My wife Maria started 2 new businesses
- Family outing to WWE RAW
Portfolio details:
August did not see much action again in the portfolio. We keep dripping away, receiving cash from dividends and focusing on increasing the cashflow (adding new funds) so we start to take advantage of this very attractive stock market.
Here’s a breakdown of allocation:
September breakdown 81% Blue Chip, 15.3% Growth and 3.7% Cash
August breakdown 80.6% Blue Chip, 17.1% Growth and 2.3% Cash
July breakdown 78% Blue Chip, 18.4% Growth and 3.6% Cash
June breakdown 81.4% Blue Chip, 16.5% Growth and 2.1% Cash
May breakdown 79.6% Blue Chip, 18.4% Growth and 2% Cash
Sold:
No sells
Bought:
No buys
Dividend increases and decreases
- Savaria (SIS.TO) increased dividend by 4% from $0.50 to $0.52 an an annual basis
2016 – 2022 Dividends
Dividends came in at $561.45. This is a year over year increase of 52%. We also dripped 12 new shares. We had set out our annual goal of $5,000 for 2022, based on new funds and the amount of increases so far in 2022 we should have no issue achieving this! Chart below shows YTD dividends. Currently 78% to $5,000 with 3 months to go.
Dividends received
| Stock List | Dividend | Drip | Account |
| FRU.TO | $10.53 | No | TFSA 1 |
| PLZ.UN | $11.01 | Yes, 2 shares | TFSA 1 |
| NPI.TO | $14.10 | No | TFSA 1 |
| SIS.TO | $5.63 | No | TFSA 1 |
| EIF.TO | $7.56 | No | TFSA 1 |
| ENB.TO | $73.96 | Yes, 1 share | TFSA 2 |
| MFC.TO | $150.81 | Yes, 6 shares | TFSA 1 |
| SU.TO | $53.58 | Yes, 1 share | TFSA 1 |
| ALA.TO | $17.76 | No | TFSA 1 |
| FTS.TO | $52.97 | No | RRSP |
| ABX.TO | $35.07 | No, drip set as off | RESP |
| ATD.TO | $8.80 | No | |
| QBR.B | $45.60 | Yes, 1 share | |
| BEPC.TO | $50.25 | Yes, 1 share | |
| EQB.TO | $15.50 | No | |
| GRT.UN | $8.32 | No | |
| Total: | $561.45 |
Market
We have been waiting on the sidelines not because we are scared of market conditions but because we really don’t have a lot of cash on hand. After our big purchases in June, we did not leave ourselves really any cash left over. Over the past 3 months we have allowed the portfolio to DRIP, taken some dividends in cash, looking forward we are planning on funding Maria’s TFSA a bit more to hit our 2022 goal and contributing to meet our other goal in the RESP account. I guess the good news of sitting on the sidelines the past few months is the markets have continued to go down and there are so many stocks attractively priced.
One thing that I will note is that the US dollar is very strong at this time, so we will only be adding to Canadian stock names for the remainder of the year. This doesn’t mean we won’t buy companies that have a good chunk of business in the US, we just feel that our Canadian currency may go a bit farther than it would if we were to convert our dollar to US currency.
Sectors I’m currently looking at
- Banks
- Oil and Gas
- Technology
- Utilities
- Renewables
- Real-estate
Current Dividend watch list (Own 7 of 7)
- Granite Real Estate Investment Trust
- TD Bank (NEW)
- Canadian Natural Resources Limited (NEW)
- Equitable Group
- Restaurant Brands International
- Algonquin Power & Utilities Corp
- Brookfield Renewable Partners L.P.
Current Growth watch list (Already own 4 of the 6)
- Nuvei Corporation
- WELL Health
- Good Natured Products
- Bragg Gaming Group
- BRP Inc
Thanks for reading and feel free to leave a comment!
Invest in yourself
Brian
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. Please ensure you do your own research.
