August Stock Purchases

Well, the market started to show some weakness and I decided to buy some stocks. As you may know, I have two investment accounts. One is TFSA and the other one is a regular taxable account. I decided to add energy stocks because they are down the most at the moment. So here’s what I bought.



In my TFSA account, I bought 16 shares of TC Energy (TRP.TO) for $58.45 per share. That’s a bit more than what I paid a year ago, but considering that it was $64 two months ago, then it’s not that bad. With this purchase I now have 46 shares of TRP and I plan to add more if the stock falls further. This purchase also adds $13.92 in dividends per quarter or $55.68 per year.

TC Energy operates natural gas, oil, and power generation assets in Canada and the United States. The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,200 megawatts of electric power.

The second purchase was Enbridge (ENB.TO) in my regular account. I bought 52 shares of ENB for $47.74 per share and with this purchase I now have 105 ENB shares in total. This is a full position for me and I plan to hold that company for many years to come. With additional shares, I’m expected to earn $43.40 per quarter or $173.60 per year.

 

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. Finally, the firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Portfolio Value Update - July 2021

Welcome back to my blog. I hope you’re doing well and enjoying the summer. July is now behind us and it’s time to report my monthly progress.


Portfolio Value
In July, my portfolio value increased by $1,623 from $126,904 to $128,527. The increase is attributed exclusively to stocks appreciation. I did not add any new funds to my accounts.



Dividends
Dividends received in July 2021: $452.58
Dividends received in July 2020: $414.29
Year-Over-Year Dividend Growth: $38.29 or 9.24%
Year-To-Date Dividend Income: $3,190.84

The dividend growth rate has slowed down to just under 10% compared to last year. This is because I haven’t bought new stocks in a while. I will probably buy more stock this month to bump up my dividends.

Portfolio Value Update - June 2021

Welcome back to my blog. I hope you’re doing well and enjoying the summer. June is now behind us and it’s time to report my monthly progress.



Portfolio Value
In June, my portfolio value increased by $3,130 from $123,774 to $126,904. The increase is attributed exclusively to stocks appreciation. I did not add any new funds to my accounts.



Dividends
Dividends received in June 2021: $443.67
Dividends received in June 2020: $361.07
Year-Over-Year Dividend Growth: $82.60 or 23%
Year-To-Date Dividend Income: $2,738.26

My dividend income was short by approx. $26 because I sold Brookfield Property Partners (BPY.UN). I reinvested the cash but it will take a few months for new dividends to reflect in the account.

The Sale of Brookfield Property Partners and Purchased Two Canadian Stocks

Hey guys! So, this Friday, June 25, I made a few transactions in my TFSA account. I sold the entire BPY position and bought two other stocks. The reason I sold Brookfield Property Partners (BPY) is because they will be acquired very soon anyway.

I had 186 shares/units of BPY that I bought between 2017 and 2019 for an average price of around $27 per share. When covid hit, the stock tanked to under $10 because most of retail stores and malls had to close. That negatively affected BPY and many other retail REITs. Right now, BPY trades at pre-covid level and slightly higher for what the company will be acquired for. I decided to exit and sold all shares for $23.35 per share. I booked a loss of $699 but the dividends that I received in the last four years had offset the loss completely. Considering how low the stock price “dipped” during covid, my loss could have been a lot bigger.

 



As soon as I sold BPY, I bought two other stocks. You know me. I hate to hold cash and try to redeploy the capital asap. I added 100 shares of Algonquin Power (AQN.TO) to my position and started a new position in Bell (BCE.TO) by purchasing 50 shares. I believe both companies are solid and should provide great returns going forward. For AQN I paid $18.87 per share and for BCE I paid $60.72 per share.

Portfolio Value Update - May 2021

Portfolio Value
I can’t believe it’s already June! Summer! It’s time to report my May progress. In May, my portfolio increased by $2,058 from $121,716 to $123,774. The increase in value is attributed to stock market appreciation. The markets are hot and stocks continue to trade at high valuations. I have a bit of cash sitting in the account and if we get some pullback, I will take the opportunity to buy. I’m thinking investing in energy stocks, like adding more to Suncor, Enbridge, and Pembina. The world is thirsty for oil and the demand will only increase due to summer driving season.



Dividends
Dividends received in May 2021: $475.69
Dividends received in May 2020: $361.70
Year-Over-Year Dividend Growth: $113.99 or 31.51%
Year-To-Date Dividend Income: $2,294.59