Crazy cool sexy dividend investment: what you should really be aware of

Today, my non-registered portfolio close the session at $190 705.54, my TFSA portfolio at $62 413.80 and my RRSP portfolio, at $37 374.78. I am currently under the impression that my net worth might be around $216 000 right now. My latest investment, Aecon Group Inc. (ARE), is stable. CAE Inc. (CAE) remains in the good profit zone for now, which hasn't been the case. WSP Global Inc. (WSP) is doing super great right now, and so many others of my stock.

My dividend income, at $714.27 (excluding RRSP dividend distribution, like always), is quite nice, but of course, I just want to see that amount increased. I am in no rush, and it's important to stay away from funds or stocks that pay an excessive high dividend. I always like to search for new stocks. The excitement comes from the fact that you never know what you can find, and the dream of hitting my next everything is a thrill I can't ever enough of, even after all those years.

In my very eternal search for new dividend stocks, I am doing it the easy way: I am checking on Susan Brunner blogs. First, on this one. I got to know Waste Connections Inc. (WCN). Nice, but WCN is super expensive and pays very little in dividend, but worth the interest. It's not because a stock pays very little in dividend that it doesn't deserve a place in your portfolio. 

The financial sector is really generous in term of dividend distribution. However, you have to be careful and a good portfolio is a diversified one in different companies, but also in different sectors. So the taste for dividend can also be your worst enemy. If you wonder if your portfolio is well diversified enough, you'll like Stockopedia. They have a Folio - UK English word for Portfolio maybe??? - section, where you can recreate the holdings you have in your broker account, and you can see how much, in %, you have in the financial sector and all other sectors on the TSX. I am not exactly up to date on that matter, but my biggest sector is Consumer Defensives, at 18.75%. Otherwise, I am pretty well diversified because as you know, I love everything, I love my stocks and I want EVERYTHING.

I catch this stock on Susan Brunner blog, Granite REIT (GRT.UN). GRT.UN looks interesting and pay a dividend of 5.143%. Nice! But oh, wait! I already hold enough of REIT stocks in my portfolio, and I am already enough exposed to the financial sector. So GRT.UN is a no-no for me. At least not now. For now, I just don't know exactly what I want. It's not just because I am lazy. It's just a matter of not knowing.

Do you see now how difficult it can be to find new stocks to invest in? Especially in case. The best of the best, I have many of those very good quality stocks in my portfolio and it's for that reason that.. .are ready for this? I don't think so, but ready or not, you'll have to take it because I am going to hit it right in your face NOW: since October 2017, for the past 12 months, my broker statement is giving me a return of 46.19%, for the past 3 years 22.54%, and since 2012, 19.32%.

More than dividend, investing in quality stocks will bring capital gains for the long run. Dividend income must be seen as a little bonus that you get as extra cash. While investing, dividend shouldn't be your main focus. Good quality stocks will support the value of your portfolio during downtime.

Just don't tell everyone yet, but I feel I might come to the point where I feel that I hold on to the best of the best of the TSX on my portfolio and I doubt I can do better than what I have done so far. I can push baby, don't get me wrong, but barely anymore. I just cannot do better and it's strange to be just in front of the screen, trying to pick another hot stock and just be in the waiting.

I would like to have everything it needs to just keep money in the bank for a while before the stock market collapse. My biggest concern at this time is not having enough cash, and I am a bit obsessed because I wonder if the markets can remain on the high like this for a very long time. The unknown is a stress that investors have to deal with.

From now on, after reading my every word, you'll always be the best investor you can be. I wish you the same and beef up on those capital gains, dividend is only coffee money.