Dividend Income – November 2012

Dividend IncomeI have been readjusting my RESP investments since I dumped all my mutual funds. I wrote a few posts over RESP and most recently I have shared my RESP strategy. The recent market drops are also providing me with an opportunity to take some profits and add to others – that’s how I rebalance my stocks. Usually, one sector will stay up while others are down. A very important strategy to be diversified amongst sectors as it allows you to more easily rebalance.

Dividend Income

My November dividend income is $487.86. There is no way I can make $6,000 this year. I will not chase yields buy moving my investments into high yield stocks either as I am much more interested in dividend growth over time with dividend aristocrats. I also want to find stocks that provide me with the 10-10 rule such as Canadian National Railway.

I will have new investments in the new year with my TFSA , RESP and Computershare contributions and they should allow me to easily reach $6,000 and hopefully get me closer to $7,000.

Dividend Paying Holdings

Here is a list of my current holdings as of writing by accounts. I got some graphs to share about my investment with the transfer agents (Computershare and Canadian Stock Transfer).

One graph shows my contributions over the past 3 years since I started and the other shows the accumulated growth of my contributions. I hope it can inspire many to start slow and stick to it. As you can see, the better I was at saving, the more contributions I made.

DISCLOSURE: Please note that I may have a position in one or many of the holdings listed. For a complete list of my holdings, please see my Dividend Portfolio.

DISCLAIMER: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your investment decisions at your own risk – see my full disclaimer for more details.

Image: Master isolated images / FreeDigitalPhotos.net

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