DIVIDENDS!
I received $676.99
in dividends in JUNE.
Every quarter there are 3 months or dividend payouts, this is the largest one.
My total dividend haul this year is now $2840.
The thing I enjoy the most about a dividend payment is its permanent, no do-overs. It’s money in the pocket that I can spend however I see fit. It’s my little piece of the pie and it is delicious!
Market Musings
Brexit!
Well, that was a shock. When I woke up in the morning and read the news I almost choked on my coffee. When things like that happen the investing wheels start spinning into high gear. What should I do? Panic sell in fear of a crash? Should I hold on and wait the market out? Nah I went shopping!
Like I said last month, if I see Franklin Resources dip I would pick up some more. I added 75 shares at $32.50 USD. Now I didn’t go crazy because I like to keep a good portion of my portfolio in cash or equivalents so I can really spend in a full out crash. It’s always prudent to keep money in the banana stand. This in my opinion is just a blip though it could have many unknown consequences down the road. Still feeling bearish and I am still dreaming for a large market crash. When you are a net buyer, it’s better to buy on the cheap!
OIL
Still hoping on $60 oil to exit some positions I picked up when it was low $30’s. I’m not a big fan of oil or any commodity that can swing so quickly. That being said, I would still keep one oil stock that has shown to be far and above the other companies in the sector. Suncor TSE:SU. Of all the companies I have followed in the oil business Suncor has shown to be the best in terms of leadership and smart moves during the downturn. READ THIS. CEO Steve William is buying up gems while other companies are getting squeezed out. Suncor looks to exit this downturn in a better position than when it entered, not many other companies can say the same.
Moves in JUNE
Total Purchases $5406
Total Sales $0
I bought 80 shares of TSE:XLB Canadian Long Term Bond ETF for $24.61 per share for a total of $1968. This brings my total share to 80. I plan to add more of this next month unless the market drops. My plan it to buy more shares if the DOW gets as low as 17000. I don’t see Brexit causing this but I hope it does /devious face.
I added 75 shares of BEN Franklin Resources for $32.50 per share for a total of $2437. This brings my total shares to 150. This company has a great balance sheet and has increased its dividend payment every year for over 25 years. Franklin dividends history. This is one of those companies I just plan to forget about. Safe, oversold and has an ever-increasing payout.
I bought 70 shares of TSE:PZA Pizza Pizza Royalty Corp $14.30 per share for a total of $1001. This brings my total share to 220. I had previously bought 150 shares at $13.75 and wanted to bring my total up high enough to buy 1 extra share on a monthly drip. My monthly dividend from this company should now be around $15.
Awesome results for the month of June. That’s real cash no matter how you look at it and can cover many monthly expenses. Happy to have found your blog. Always love to read about other dividend growth journeys out there. Thanks for sharing.
Thanks for reading. I’m making a spreadsheet to track the dividend reinvestments and hopefully in time, we can see the real benefits of compound growth.