I’m happy to announce that the last stock purchase of the year is completed. I decided to add to my TD Bank position. The TD shares slightly decreased this week so I decided to take advantage of a lower price. I bought 13 shares at $73.76 per share and added $39.88 to my forward dividend income. TD is a quarterly dividend payer. The next ex-dividend date for TD is Jan 9, 2020 and the payout date on January 30, 2020.
One of my investment objectives for 2019 was to invest in Canadian Banks. I think that worked out as planned. Over the course of a year, I bought shares in Royal Bank, TD, BMO, and CIBC. I also own shares in a regional bank, Laurentian Bank.
My total portfolio exposure to Canadian banks is about 11%. Next year I plan to double my positions in Banks and start a position in BNS. Canadian Banks are very well run businesses and they can weather the storm in case of a recession.
And speaking of a recession, I hear more and more topics regarding the recession in 2020. Analysts like to hype the drama to sour investors' sentiment. Don't fall for that trap. Even if the correction happens, it will be short-lived. Take advantage of any corrections and invest in blue-chip stocks and you will be fine.
What are your investment plans for 2020???
