Even with the tumultuous markets we have seen over the past 2 months, my dividend income continues to move along and do wanders for my portfolio. I can just sit back, earn my dividends, re-invest them and rebalance my portfolio when appropriate.
It’s clear that long term interests have started to impact some of the utilities and REITs. I see that as an opportunity to add more to my holdings.
Over the past 3 years, I managed to increase my dividend income by $1,000 annually but this year I have not been able to add money fast enough to achieve that…
My September dividend income is a GREAT $606.88. I am back in the $600.00 month!!!
I recently discussed how to track your annual ROR on your account and this is how I perform since 2009. It’s hot of the press and I am sharing it with you all.
- TFSA – 15.76%
- RRSP – 18.19% (Those US stocks have performed well)
- RESP – 0.16% (I held on to mutual funds for way too long)
- RBC Non-Registered – 3.21% (Slow moving banks …)
- Computershare – 8.43% (Got hit hard with utilities here due to interest rate movements)
- Can Stock – 8.26% (… and TA is way down)
Remember that those are my annual rate of return. I got some work to to get a couple of the accounts to the same performance level of the others but otherwise I am pretty happy. My overall portfolio is up 38.49% since 2009 but I have to admit that 2009 was an easy year to make money. The coming years will really test my portfolio.
I did a pass across my portfolio and I don’t have any holdings with more than 5% of my portfolio. At this moment, this is where I draw the line. I do not want to have more than 5% of my portfolio in a holding. Below are the target by sectors which means I need at least 20 stocks minimum based on my rule.
- 15% – Financial
- 15% – Utilities
- 15% – Telecommunication
- 10% – Energy
- 10% – Healthcare
- 10% – Real Estate
- 10% – Consumer Goods
- 5% – Technology
- 5% – Transportation
- 5% – Bonds
You can see the list of stocks I own in my new Stock Holding page. I decided to split my dividend income from my holdings so that I can better represent my list of stocks and performances.
Readers: What’s the maximum you want to hold in one stock relative to your 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 decision at your own risk - see my full disclaimer for more details.