Thursday, August 1, 2013

A little bit of this and that

Hey Financial Freaks,

 I just completed my monthly budget for July. It's not bad. We have only busted our goal by roughly 700 $. This is mainly due to a few things: verifying the motorcycle for compliance, we added some channels in our Videotron plan (against my will!) and did some shopping of some kind (meaning my girlfriend did). Hence the bust. Nothing to write momma about, but still.

 You can check out the July Budget here.

I recently made a small buy, opening up a position in BCE. The stock had slightly dropped due to the Verizon arrival (or not) in Canada. Since BCE has only a small % in this particular sector, I thought I should make the most of this recent slump. I have been waiting a long time to find something in the Telecommunication sector. BCE might be it. It's a solid company with a very good yield. Will see if I buy some more in the future.

You can check out my new position here.

I just found out about Barrick Gold cutting its dividend back to 0,05 $. It's bad news. But I prefer a dividend cut than a company going bankrupt. The share is now worth half the price I have paid for, so hopefully it will bounce back. For now, no more gold for me!

I have sold a tiny portion of my favourite and oldest stock, Johnson and Johnson. I once hold 200 shares of JNJ, but slowly started to sell some of it recently. I feel, at 94$US, the stock is quite pricey. I now hold 130 shares of this fine US company. One of the reason why I also sold some shares was that my overall portfolio exposure to JNJ was more than 14 %. It's a lot. Now it's still a big chunck of my portfolio at 10 %, but I am comfortable holding this large blue chip portion.

That's pretty much it for now.

Take care FF.