Category Archives: Recent Buys

November 2016 Stock Purchases

By: GenXinvestor

November 2016 Stock PurchasesIt’s been a busy month for investing so welcome to my November 2016 Stock purchases.  Well Mr. Trump’s stunning election victory has sent stock markets soaring with the expectation that his economic policies will help grow the US economy.  The belief is that his infrastructure spending will stoke inflation.  This caused the bond market to sell-off and any interest-rate sensitive investment like consumer staples, utility stocks and REITs have been hammered.

It’s important to remember that anytime there’s a big move in global markets it offers the long term investor a potential buying opportunity.  If you’re a dividend investor, our favorite stocks are on sale right now.  So I’ve been busy seizing the initiative and buying up some deals.  In the short term, I expect continued market volatility and chances are that some of these stocks could go lower.  Over the long term, however, these stocks are great income generators and wealth builders.  

November 2016 Stock Purchases

TFSA

I made some big moves in my TFSA:

I purchased 125 shares of Fortis (FTS) at $40.58.  This adds $200 to my annual dividend income and will let me start dripping full shares of FTS.  

Next, I purchased 300 shares of Bell Canada (BCE) at $58.20.  This will add $819 to my annual dividend income and I can drip full shares of BCE.  

RRSP

The big move in the RRSP came from buying 150 shares of Unilever (UL) at USD $39.115.  This adds USD $213 to my annual dividend income.    

DRIP Accounts

In my DRIP Account I sent some money to purchase shares in my utility and pipeline companies.  The breakdown is as follows:

$300 to buy Fortis (FTS)

$100 to buy Telus (T)

$100 to buy Enbridge (ENB)

$100 to buy Bell Canada (BCE)

Why It’s Important to Invest on A Regular Basis

The DRIP investments are relatively small purchases compared to what went on in my registered accounts, but this has been a cost effective way for me to establish and grow positions in great dividend-paying stocks.  I typically set up automatic purchases with my DRIPs so that I’m always buying my favorite stocks and increasing my dividend income.  

Investing on a regular basis is a proven strategy for building wealth and achieving financial freedom.  Some people think that they need a lot of money to start investing.  The truth is that if you can find $25 a month laying around you can start investing.  That’s how I got started and I still make my regular monthly investments.

Thanks for reading my November 2016 Stock purchases and keep on investing.  

Image Credit: Image by Stuart Miles / Freedigitalphotos.net    

Dividend Stock Purchases June 2015

By: GenXinvestor

dividend stocksHere are some of my recent dividend stock purchases.  Every time the stock market takes a dive, it’s time to grab your shopping list of stocks and start buying up the deals.  Buying quality dividend paying stocks is a big part of my plan for achieving financial freedom.  Within the next 10 years I hope to receive somewhere around $25-$30k in annual passive dividend income.  Already I’m on track to achieve over $7,500 this year.  While that’s a great start, I’m still quite far from achieving my long term dividend income goal.  That means that I have to keep saving my money and keep buying more shares in solid companies that I plan to hold forever.

The TSX had a rough start this month and I recently initiated two new positions in addition to my regular monthly buys through my DRiPs in Bank of Nova Scotia (BNS), Bank of Montreal (BMO), Suncor (SU), Fortis (FTS) and Telus (T).

I bought 193 shares of Canadian Utilities Limited (CU) at $36.45/share for a total investment of $7,044.84 (including a $9.99 commission).  CU pays an annual dividend of $1.18 so this purchase will add $227.74 to my total annual dividend income.  I purchased these shares in my wife’s TFSA so that dividend income is also tax free!

CU is a Canadian dividend aristocrat that has increased its dividend for over 40 years.  This is one of those stocks that you just buy and put away and collect a steadily growing stream of income throughout your lifetime.  The stock yields a respectable 3.36% but what I like is that this will keep growing for many years to come.

I also bought 99 shares of Potash Corporation of Saskatchewan (POT) at $38.46 / share for a total investment of $3,817.53 (including a $9.99 commission).  I made this purchase in my RRSP. POT pays an annual dividend of $US 1.52 so this purchase will add approx. $CAD 187.11 to my total annual dividend income.  POT pays its quarterly dividend in Feb, May, Aug and Nov which I like because these are my weakest months for dividend income.  So I’ll get an extra $46.75 during those months which will boost the income to over $300!

POT is a global heavyweight in the fertilizer business.  It is the largest producer in the world.  The past few years haven’t been great for POT.  Declining commodity prices, the breakup of the Russian cartel etc. have weighed heavily on the stock.  But one thing is for sure – the world will need lots of fertilizer to grow the food that we eat to support a booming global population that is currently over 7 billion and could reach as much as 9 or 10 billion by 2050.  Droughts, climate change and urban/suburban expansion are causing a significant decline in the amount and quality of available farmland.  In order to get the most out of the available land and increase their crop yields, farmers will continue to use fertilizer.

What about you? What’s on your buy list?

Photo by Stuart Miles / FreeDigitalPhotos.net