Tuesday, July 22, 2014

Coming out of the woods!

Hey Financial Freaks,

 I'm not sure a lot of you guys are still visiting this blog, since I haven't been posting much these past months. I wouldn't blame you if you didn't.

Heck, I wasn't even coming myself!

 So what's new for me? Well, a lot and not much at the same time. I still don't have a steady job and that's fine with me. Actually, I haven't been searching that much. Got lucky enough that one organization approached me to do some consulting for them.

I love this experience. I get to work on my term, at my convenience and at 100$ per hour I CAN'T complain. Keep' em coming. Working for «you» is something new for me. It takes discipline, which I already have. I guess all investors share that quality. We don't need people telling us what to do in the first place. I was managing my money already, why not my payday?

So, as soon as I get pay, i redirect my cash into two different accounts : investing and paying the bills and the Taxman. Since I don't have any pension plan anymore, I focus on my RRSP first and then, if I still have some left, I look for my TFSA and my non registered account.

 Right now I have only one client, but I am actually trying to find a few more. Will see how it goes. But right now it's been pretty cool money wise. It's been quieter since mid-June. But I presume it will pick up after the summer.

 On the Investing front, things have been quite calm for the past year and a half. The bargains are all long gone. Patience is key. I did make a few small buys. But will be looking to add some more as soon as there's a corrections soon.

 I bought some shares of BCE, a telecommunications company, a year ago in July. It'a a small position I would like to grow. It's only 1,37% of my portfolio. This sector is clearly under represented in my profile.

 I also bought some more Cominar, CUF.UN, a Quebec based REIT. I have 150 shares now. The yield is very good. But I am dreading an eventual interest rate hike. It it happens, the share will dip and I will buy some more.

 You'll notice I have 2 000 shares of both Junex (JNX) and Orbite (ORT). These are small-cap stocks. They could either go very well or south. Will see. They represent the volatile portion of my portfolio. 

Today I bought some shares of a superb Canadian company that I was following for quite some time, Couche-Tard that is. The share is pricey. But I figured, in the long run, that the share had some great potential. Downside : the meagre dividend. The yield is 0.55 % pretty much under inflation rate!

By the way, I have updated my Net Worth. Slowly (but surely) going up.

Let me know what you think of my recent buys. How do you like my portfolio?

2 comments:

  1. Great to see you are doing well financially :) $100/hour is an awesome rate. I hope this organization becomes a regular client for you. I love BCE and will hold them forever! Such juicy dividends haha. I've heard of Couche-Tard before in the news. They seem to be a well managed company and can give its investors some nice exposure to European markets thanks to the acquisition last year. I'm not as familiar as you are with companies in Quebec but I'll be watching this one :)

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  2. Thanks Liquid. It's a good rate indeed. I wish I could have more clients like this! You are doing very well yourself. Better than me I'd say. There's a bunch of reliable companies from Quebec: POW, PWF, CUF.UN and Couche-Tard which, like you mentioned, has just acquired Statoil in Europe and is doing very well. I missed the boat long time ago on the one. But better late than sorry (forever). Thanks for coming by. Take care!

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Thanks a lot for your comment.