Well, it’s been a while. I have had a very busy November with 9 stock purchases and 2 Sales.
The last time I made a move was in August when I sold Allied Properties at $39.33 [stock_quote symbol=”AP.UN”] and picked up Western Digital at $46.50 [stock_quote symbol=”WDC”]
Let’s take a look at the moves in November.
Companies I Bought
| Company Symbol | Company Name | Shares Purchased | Purchase Price | Total Dollar Amount | Yearly Income |
| [stock_quote symbol="TSE:TA"] | TransAlta Corp | 890 | $6.19 | $5,509 | $142 |
| [stock_quote symbol="SJR.B"] | Shaw Communications | 75 | $26.31 | $1,973 | $89 |
| [stock_quote symbol="PLZ.UN"] | Plaza REIT | 650 | $4.83 | $3,139 | $169 |
| [stock_quote symbol="BIP.UN"] | Brookfield Infrastructure Partners | 46 | $43.39 | $1,995 | $72 |
| [stock_quote symbol="TSE:BTE"] | Baytex Energy | 200 | $5.23 | $1,046 | 0 |
| [stock_quote symbol="D.UN"] | Dream Office REIT | 116 | $17.72 | $2,055 | $174 |
| [stock_quote symbol="NVU.UN"] | Northview Apartment REIT | 92 | $19.00 | $1,558 | $150 |
| [stock_quote symbol="AX.UN"] | Artis REIT | 559 | $11.56 | $6,492 | $603 |
| TOTAL | $23,821 | $1,399 |
Companies I sold
| Company Symbol | Company Name | Shares Sold | Sale Price | Total Dollar Amount | Yearly Income Loss |
| [stock_quote symbol="REI.UN"] | Riocan REIT | 204 | $26.40 | $5,385 | $287 |
| [stock_quote symbol="TSE:ECA"] | Encana Corp | 368 | $16.80 | $6,182 | $22.08 |
| [stock_quote symbol="DRG.UN"] | Dream Global REIT | 832 | $9.25 | $7,696 | $665 |
| Total | $19,263 | $974 |
Method To The Madness
At the end of every year I like to tighten up the portfolio a little bit. I also have about $40,000 of bonds with a stop loss on them until the end of December that I imagine will trigger.
If you’re like me you probably love going through quarterly financial reports and reading balance sheets. After a year of buying and not much selling I have ended up with too many companies to actively stay up to date on each company’s news.
For myself, I figure I can handle about 20 or so companies.
I currently have 28 companies and have made a couple of mistakes with bad timing by not paying attention for financial result dates.
Moves In November
In November, I sold 2 companies that were good but I found a little redundant in Dream Global and RioCan. I also sold Encana.
I sold RioCan because it’s metrics were the worst out of my current REITS and they never increase their Divi. Also, I didn’t own enough shares to offer a DRIP. I do understand that you pay a premium for the name Riocan because of its moat but I made my money and it’s time to move on.
My next move was to drop Dream Global. This was a tough move for me. I have made nothing but money off this guy and I hate to toss it out in the trash. Unfortunately the REIT’s AFFO payout ratio is expected to be about 115% this year. I can’t take the risk of a dividend cut.
Last I sold Encana Corp. The main reason I sold Encana was that I believe it is too expensive compared to the price of oil. I originally bought ECA at $16.00 when the price of a barrel of oil was at $60. I watched Encana plunge from my purchase price to $4.14! Long story short I sold it this week for $16.80. Cya Sucker.
Going Forward
I will be looking to lean out the portfolio some more in December but the problem is there is a lot of good stuff to buy!
