Thursday, January 14, 2016

My buys of 2016!

What happens when you go on holiday and you completely forget about the Stock Market? It takes a tumble! Maybe it's a side effect of visiting a communist country... Whatever the reason is, I didn't have to find any to convince me of buying shares of some of my actual holdings.

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!


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8 comments:

  1. I knew I'd be reading quite a bit of buys in the Canadian banks space as those prices and yields have become a lot more attractive in recent weeks. I just added to my BNS and still have TD and RY on my radar for the month as well. Like the additions to your portfolio. I agree with you about the future... Who knows. Just have cash on hand to take advantage of those deep down days that inevitably come. Thanks for sharing.

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  2. Hey Div Hut! Thanks for the comment. Yeah, it looks as though we will see more of these buys regarding Canadian Banks. Like today for instance! Thanks for coming down here. Cheers!

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  3. Nice buys them MD! We own all three and plan to keep them in our portfolio for years to come. Great prices and great yields right now. We may just have to pick up more shares ourself. :)

    Best wishes and continued success! AFFJ

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    1. Thanks AFFJ! Yeah, will see if it was the right time to buy. They might get cheaper. But who knows, right? They are great buys in the long run. Thanks for coming down here!

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  4. Hey MD!

    Great list of Canadian buys there, dude. BNS has an incredible yield now, so does RY and it just pushed itself to a new 52-week low in the last session.

    I wonder what the BoC will do about rates next week. I'm curious to see if they'll lower them and push the CAD banks down even more. I'm excited!

    Enjoy that new passive income you just acquired!

    DB

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    1. Thanks DB! Just read your article on your vis-à-vis between RY and TD. Two great picks. I just need to concentrate on my actual holdings, so RY was the easy pick. You are no longer a Dividend Beginner! ;-)

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  5. Happy new year to you as well. Do you keep track on expenses related to buying and selling stocks? Presumable these are considerable.
    I really see it was excellent start for you. Congrats!

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  6. Yeah I do keep track of them. I seldom sell a stock. But if I buy one the commission is included in my cost average. Thanks for coming down FI.

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Thanks a lot for your comment.