A possible option for dividend thirsty investors: Global Dividend Growers Income Fund (GDG.UN)

Regarding my winter boots situation that I explained in the last post, it happen that my mom took the boots - the ones I wanted to melt down the plastic with a lighther so it could cover the holes lol - and but them in the garbage can. It really amused me. I guess it was the next best thing that could happen to those boots. I had walked all winter long with those boots, and it just happen that in reason of their low quality fabrics, they were at the end of really end of their utility. I walk around a lot, so shoes that are not good quality won't ever last long with me. When I used or wear something, its always to the core.

As for the TSX, I was under the impression that today was going to be a good day, but it happens that I was wrong. The TSX closed today session at 21,180.78 points, leaving my non-registered at $144,053.35, my US porfolio at $4,757.78 US, my RRSP portfolio - stocks only - at $65,550.51, and my TFSA portfolio at $127,869.14.

No matter what happens on the TSX, I am always in search of new stocks to invest in. In order to fill that need, I consult like usual Susan Brunner's blog. Nice, but when I want more, I consult my secret weapon: Stockopedia. I like to scroll a bit everywhere in Stockopedia platform, but my favorite thing of all is their screens. It help to keep my head clean (browsing on Stockopedia is really that fun and you should definitively give it a try for free with this unique offer using my referal link!!!), and I just love to search around for new stocks that I might even not even know that existed. And Stockopedia gave me all of those advantages. You can get a taste of what Stockopedia has to offer to Canadian investors by reading Ben Hobson's article. He published new articles every month, right here.

In Stockopedia, Global Dividend Growers Income Fund (GDG.UN) appears on a special screen, which is named "Trading below Cash Screen". In that screens, we find, among other, JFT Strategies Fund Class A Units (JFS.UN). I already hold on to some JFT Strategies Fund Class A Units (JFS.UN) units in both my TFSA and RRSP portfolios. Managed by Jean-François Tardif, JFT Strategies Fund Class A Units (JFS.UN) is what I like to name a "money stabilizer". No matter how bad the weather gets over the stock market volatility, JFS.UN always manages to keep in its value, and always remain stable. A simple look at JFT Strategies Fund Class A Units (JFS.UN) will help you to understand:

While today - for a mix of different reasons - New Flyer Industries Inc. (NFI) loses -9.295% and Labrador Iron Ore Royalty Corporation (LIF) loses -17.73%, JFT Strategies Fund Class A Units (JFS.UN) remains in kind of a neutral state, just moving down a bit by -1.054%.

Since Global Dividend Growers Income Fund (GDG.UN) and JFT Strategies Fund Class A Units (JFS.UN) are both included in the Trading below Cash Screen, does it means that GDG.UN could be as good as JFS.UN for my investment portfolio? One point in favor of Global Dividend Growers Income Fund (GDG.UN): it pay a dividend distribution of 5.329%, while JFT Strategies Fund Class A Units (JFS.UN) pay f off. :)

However, JFS.UN overall chart is much much stronger than GDG.UN. Here's the overall chart for Global Dividend Growers Income Fund (GDG.UN):

Strangely, Global Dividend Growers Income Fund (GDG.UN) main holdings are in US tech stocks. I am not of a fan of tech stocks, and as for the US stock market, I don't hate it, but I just don't have any interest in it. At this time, I need investment that will push me over the edge. GDG.UN is not bad, but its not perfect, and its not as good as JFT Strategies Fund Class A Units (JFS.UN). I could certainly enjoyed a little bit more exposure to the US stock market, despite my lack of interest, but the tech sector is just not my thing. Right now, I am stricly looking for very strong assets that will just light me up as easily as my old boots with a lighter when I come crossing their way. :) 

Labrador Iron Ore Royalty Corporation (LIF) announced a cut in their dividend distribution, which surprised most investors, including myself. But hey, if a company decided to reduce their dividend distribution, it's because they have their reason. It's not fun to deal with dividend cut, but I respect the companies who have the gut to do so. My investment portfolio is strong enough to have little hits here and there. I had been through much more diffcult market situations in the past. This is not nothing, but in my view, its just temporary.

Right now, I am trying to find some quality to invest in. Global Dividend Growers Income Fund (GDG.UN) is not bad, but its not a good fit for me.

Following New Flyer Industries Inc. (NFI) and Labrador Iron Ore Royalty Corporation (LIF) management decision to cut in their dividend distribution, I finally had the courage to update my annual dividend income. It's obviously a bit lower now, but at now $10,821.65, my annual dividend income is still looking good.

Don't be discouraged by anything, the TSX is just another bitch.