SOLD

Moves /

I sold all my shares of Kinder Morgan today. As I mentioned in my older posts, I will be exiting many of my oil stocks that I picked up during the downturn.

I purchased KMI for $12.98 USD on Jan 15, 2016

I sold KMI for $19.97 USD on Jul, 12, 2016 for a 54.12% capital gain in 6 months not including dividends.

It crossed it’s 200 Day moving average so it might move higher on a technical level but whatever to that nonsense.

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The reason I sold this today is two-fold.

1) It sold a jewel of an asset to finance debt on what I see as a bad deal.

2) The Dow, S&P hit new highs. Anytime I read headlines of new highs I start to prepare a bit more for the lows. This is not to say I expect the market to implode tomorrow but as Warren Buffet says “Cash combined with courage in a time of crisis is priceless”. According to Prof. Robert Shiller of Yale University, the market is historically over priced right now.

Shiller P/E: 26.7 (+ 0.76%) as of Jul,12 2016

Shiller P/E is 59.9% higher than the historical mean of 16.7
Implied future annual return: -0.5%
Historical low: 4.8
Historical high: 44.2
S&P 500: 2153.33

I would bet that having near zero interest rates plays a large part in this market but i’m not sure that tells the whole story.

Unfortunately I had very few shares of this. I was never comfortable with the amount of debt they carried and still am not. I bought this as well as another half dozen or so oil stocks that I figured could hold out in the low price environment for a sustained period of time and catch a better price when oil eventually recovered. I thought oil would stay lower for longer so I was only picking up $1000-$2000 per payday and didn’t want to leverage into it.

So far I have only unloaded 2 of my oil companies

Sold-

TSE:TCK.B (+43.23) Sold way too soon!

KMI (+54.12)

Holding and looking to sell-

TSE:ECA  (-36.44) Bought way too soon!

TSE:BTE (+182.91) Bought just right….

Holding and never plan on selling-

TSE:SU (+16.42)

SOLD Read More »

Dividend Increases So Far

2016 /

 

This is a list of the dividend increases for the later part of last year up until July 2016. I will update this as it changes and maybe make it a static page if it gets too long.

Company Name Ticker Annual Dividend PerShare Org Annual Div Now DIV CHANGE %
Old Republic International Corporation ORI $0.74 $0.75 1.35%
American International Group Inc AIG $0.50 $1.32 164.00%
Boardwalk REIT TSE:BEI.UN $2.04 $2.25 10.29%
Royal Bank of Canada TSE:RY $3.08 $3.24 5.19%
Magna International Inc. TSE:MG $0.88 $1.00 13.64%
Power Corporation of Canada TSE:POW $1.24 $1.34 8.06%
Pizza Pizza Royalty Corp TSE:PZA $0.83 $0.85 2.41%

 

 

Grow baby, grow!

Dividend Increases So Far Read More »

June Dividends

2016, Dividends /


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.

June Dividends Read More »