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Tuesday, August 14, 2018

New investment ideas on the go

I am going away on vacation - yes again - soon, so don't worry if you don't hear from me for a couple days in a row. Only 13 days left before my birthday. And I am desperately searching over some stocks to invest. I am sometimes slow, but good news: I had found some! This could be a really bad timing to invest in stocks right now. You have to be sure of yourself. Personally, it's just a matter of birthday and I just want to be on the $9 000 in dividend income (excluding like always the ones I earn inside my RRSP). Some I stocks recently announced an increase of their dividend distribution: Sienna Senior Living Inc. (SIA), Jamieson Wellness Inc. (JWEL), and CAE Inc. (CAE). I also earned extra dividend with the DRIP on Bank of Nova Scotia (BNS), Enbridge Income Fund Holdings Inc. (ENF), Pembina Pipeline Corporation (PPL) and Premium Brands Holdings Corporation (PBH).

With my current plan, my dividend income will reach near the annual $9 000.

Derek Foster recently announced that he made a new investment in Chartwell Retirement Residences (CSH.UN), but personally, I am not amazed by this stock. It's not an investment on which you can expect really awesome capital gain. I want dividend, yes, but I also want to hit on some value with each and single stocks I hold. But I don't feel it when it comes to CSH.UN. It's a big no-no for me. However, I was considering investing in that one until this evening. I already another senior care stocks, Sienna Senior Living Inc. (SIA), and it haven't performed extraordinary well so I am passing on CSH.UN.

I am looking forward to invest in:
Summit Industrial Income REIT (SMU.UN) - found recently on Stockopedia.
Rogers Communications Inc. Class B Non-voting Shares (RCI.B) - this one was on my stock watch list for a little while.
Brookfield Infrastructure Partners L.P. (BIP.UN) - I already have this one inside my TFSA and its performing well. With the recent news of ECI acquisition, I really not against having BIP.UN in my non-registered portfolio.

4 comments:

FJ said...

BIP.UN is a great pick, and it is one of my largest positions. It is almost double the value from my purchase price.

However, holding this limited partnership stock in a non-registered portfolio is not good idea because of tax headache.

Sunny said...

Its true that BIP.UN might not be the best to hold in a non-registered account. I am still thinking about how to invest my money at this point.

Unknown said...

check out OSB

Unknown said...

check out OSB

 

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