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!
I looked at WDC, but I ended up in selecting STX.
WDC has had a nice move since August.
Congrats on that!
Both charts still look bullish to me.
I was looking at Seagate around that time as well. I like their yield, it’s massive!
Going forward, I can see the world needing much more electronic data storage solutions with the cloud and ever growing hunger for information.
Thanks for reading SymbolSurfing.
A lot of movement there Divicents. I’m not too familiar with the companies involved, so I can’t comment on them specifically. But it sounds like you put a lot of thought into your plan and executed it. This wasn’t a “gut feeling” trade. Hopefully it works out for you and I am digging the moves!
Bert
Dividend Diplomats recently posted…My Plan to Pay Off Our Student Loans
Hey Bert,
Ya, every company here is a Canadian company listed on the TSX. This was done in my Canadian Tax Free Savings Account. When I get to my US account (RRSP) you will see more familiar names 🙂
Hey Divicents, I think bonds are going to continue to get crushed in the short term. Esp those with longer durations.
I agree brother.
I have a stop loss on all of the ones I own. The problem is, at least for me, I can’t find a good place to hold cash for a market correction.
I can’t lock into a GIC, Bonds are imploding, Gold is dropping, and cash gets killed by inflation. I would stick some in a high interest savings account but they pay under 1%.
That being said, it’s a good problem to have.
Great update. I definitely appreciate what you’re saying about trying to stay on top of too many companies. I think 20 is about as much as I can handle as well. Tightening up the portfolio should definitely make life easier! 🙂
Jay recently posted…Trend Following Stock Picks – Thanksgiving 2016 Edition
I think 20 is about right for me at this point in my life.
That’s the nice thing about ETF’s, you don’t have to read up on them all that much.
Over the years, one lesson I have learned is to never chase yields as they almost always come back to haunt your portfolio with divi cuts.
I believe both WDC and STX are yield traps with dwindling cash flows and junk or near junk credit ratings. They are not Swan stocks.
Hi Mr. All Things Money.
Thanks for your outlook On WDC. I bought WDC at a low valuation entry point from my data. The dividend is a bonus. To be honest the stock has appreciated too fast for my liking and I have a stop loss set at $60.
A 40% gain in 3 months is too high and the stock doesn’t carry the same valuation as it did at $45. As you can see in my comments last month, I wouldn’t suggest buying at the current price.
Cheers