After BNS, both Royal Bank of Canada (RY) and Canadian Imperial Bank Of Commerce (CM) announced today some interesting dividend increases. Unfortunately, Toronto-Dominion Bank (TD) decided not to increase its dividend yield. That's totally fine with me. I prefer to have a safe, steady dividend income, rather than having to deal with dividend cuts later on. On the other hand, you have BMO Bank of Montreal (BMO) which didn't meet expectations but decided to increase its dividend distribution anyway, which is pretty much irresponsible coming on their part. It's easy to be successful over the TSX by sticking to boring stocks like banks, but you still need to be gifted with good grounded common sense to be able to recognize the good investments from the bad ones. In my opinion, that's the only quality that an investor needs to have. And you'll also need to be super careful while entering your buy orders online in your broker account... You'll understand where I am going with this in a moment. :-)
But before, I wanted to say that my annual dividend income from all of my investment portfolios is now at a good $11,275.54. The $12,000 is not out of reach. On top of that good news, the TSX closed today's session on a very good 20,532.18 points. My non-registered portfolio closed today session at $147,666.08, my US portfolio at $4,868.43 US, my RRSP stocks-only portfolio at $65,650.68, and my TFSA portfolio at $122,734.46.
I never wrote anything on this blog regarding Wescan Energy Corp. (WCE). Only if WCE only appears one single time in this blog, and that is in my investment portfolio update of this past May 20. The "intruder", Wescan Energy Corp. (WCE), stands there, shyly, inside my TFSA portfolio, hoping that no one will notice... It would have come to be sooner or later eventually, but it arrived quite soon actually, someone notice the intruder in my TFSA portfolio... Unfortunately for me.
I, unfortunately, have to confess that I did a trading mistake when I enter my order. I wanted to invest in Jean-François Tardif's Whitecap Resources Inc. (WCP), and not in the little Wescan Energy Corp. (WCE). Even if you see the name of Wescan Energy Corp. (WCE) as my last stock entry for my TFSA portfolio, it doesn't mean anything. In this unfortunate move, luckily, the investment made was very very small so no worries.
All this to say that you need to remain focused while entering your buying - or selling order online. Personally what happen - I remember clearly - is that I had a few stocks that I wanted to buy, and I did. But I place my buy orders on a day where I had exchanged my shit with a colleague and I had started my day quite earlier than usual. When I change shifts, I am always getting tired at some point during the when I do so. Basically, it's not a good idea to place trades when you are tired...
In Stockopedia, my unwanted Wescan Energy Corp. (WCE) appears on a short-selling screen, which is never good when your main goal is to actually invest and not trade... Basically, Wescan Energy Corp. (WCE) is a big no-no. I do not recommend WCE as an investment and I am terribly sorry that I tried to hide that mistake from my beloved readers.
Sorry sorry sorry.
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9 comments:
I did similar thing - bought Telus US instead of Telus Canada. Turned around and sold it right away but it cost me in exchange fees. Non-registered account so it made a difference taxwise.
Glad to hear I am not alone :)
I'm curious why you don't like BMO? But you do like CM? I always think of CIBC as the bank most likely to screw up. But maybe they've gotten better recently. Thank you.
It's just me being a very bad girl. The reason why I don't like BMO is of a personal affair. You may be able to find out if you search BMO on this blog, to read very old posts of mine. If I remember correctly Susan Brunner owns stocks of BMO in her portfolio, so I guess BMO might not be so bad, but I only share my own very personal opinion.
Suuny, The performance of your portfolio is impressive, do you have to reinvest all your dividends into the porflolio to achieve this performace?
Sunny, Will you consider to create a index page for your blog, it is much easier to view the older articles. Thanks so much...
Thank you for the explanation Sunny. I've also sold BMO so I also think it is not as good of an investment, currently I only invest in BNS, TD, RY for the banks. I really think BNS's international division will take off. The current CEO is really working on it, and that improvement is not in the price.
Wescan. Hmmm ok, yes that happens, starting typing a name and then it autofills the wrong one, lol.
I was just curious because I had never seen that name before, and I have seen most.
Anyways, I like the energy sector but only have two individual stocks now. Instead I am currently using two etf funds from Ninepoint Energy, one is a capital type etf and the other is a dividend type etf. ( which has Whitecap Resources :)!! )
My biggest fear is the gov't puts some kind of extra tax on Energy, like they are doing with banks.
:):):)
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