This week I purchased the following stocks:
- 15 shares of Royal Bank (RY) @ 68.65$. This adds 46.50$ in dividends to my passive income. I now hold 130 shares of RY.
- 25 shares of Enbridge (ENB) @ 42.73$. This adds 53$ in dividends to my passive income. I now hold 75 shares of ENB.
- 24 shares of Bank of Nova Scotia (BNS) @ 54.25$. This adds 67.20$ in dividends to my passive income. I now hold 150 shares of BNS.
Overall, my buys total 3394 $. The new shares will add a total of 166.80$ annually to my Passive Income.
I have to say this is a strong (and unexpected) start to 2016.
I will wait and see if the correction hits harder than anticipated. I might make other moves in the coming weeks...
The weak Canadian dollar and the low oil prices have hit hard on the Financial and Energy sectors (and pretty much everywhere you might add).
What does Mr. Market have in store for us? Some say it might get uglier. I say : who knows! Just hold on tight and be ready. Cash on hands is key.
Happy new year!