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10-25-2015, 12:05 PM
(This post was last modified: 10-26-2015, 03:40 PM by jhpaul.)
Hello,
I guess I'll post my current holdings in my portfolio. I'm 26 years old and I only started investing in dividend stocks early this year.
Dividend Stocks
BCE (tsx) 25 shares
CVE (tsx) 24 shares
DRG.un (tsx) 100 shares
ENB (tsx) 50 shares
GE (nyse) 55 shares
G (tsx) 115 shares
POT (tsx) 34 shares
TD (tsx) 25 shares
Mutual Fund Holdings:
- CIBC NASDAQ Index (This is where I have exposure to technology stocks) - 103.5 units
- CIBC Monthly Income Fund - 1274 units
- CIBC Managed Income Fund - 389 units
- TD DJIA Index - 264.725 units
- TD International Index - 231.199 units
I may eventually transfer my investments from my CIBC Monthly Income Fund and CIBC Managed Income Fund to dividend stocks... but for now, it'll do. I invested in these two when I was young and listened to those investment advisors... High MER but it has decent returns...
I'm in a very awkward stage of my life where I need to look to invest in real estate (ie. move out of my parents home) but the housing market's just crazy where I live (Greater Toronto Area)... So I thought I'd stick to dividend stocks for now.
The following are on my watch list (I find some of these are too expensive right now): PEP, KO, KMI, PG, MMM, SBUX, CHE.UN, Hydro One (IPO next month), WMT (considering this...)
Comments/Suggestions welcome :-)
Thanks!
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Paul, you've got a good start there.
(10-25-2015, 12:05 PM)jhpaul Wrote: I'm in a very awkward stage of my life where I need to look to invest in real estate (ie. move out of my parents home) but the housing market's just crazy where I live (Greater Toronto Area)... So I thought I'd stick to dividend stocks for now.
Ummmm, at 26 it may be time to move on  but I wouldn't be in a rush to buy a "money pit" just yet. Especially in your market right now. An apartment in the suburbs maybe? Oshawa? Oakville? Get your emergency funds locked up, add a little to your portfolio as you go, drop in to the Zanzi on Yonge every once in a while (did I say that?  ) and enjoy life.
I just commented on BLTN's portfolio thread over here for a U.S.-centric view. We have quite a few Canadians here that may have some good suggestions for you too.
Looking forward to seeing how you progress.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
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(10-25-2015, 12:05 PM)jhpaul Wrote: I invested in these two when I was young
You're still young! You're off to an incredible start given your age. I am not very familiar with a number of your holdings, so it is difficult for me to evaluate, but the time factor makes your selections process more forgiving.
(10-25-2015, 12:05 PM)jhpaul Wrote: I'm in a very awkward stage of my life where I need to look to invest in real estate (ie. move out of my parents home)
I understand that life is a whole lot more than finances, but from a financial standpoint, if you can stand it, maybe staying under their roof a bit longer would be worth it (if you can stand it)? That is assuming that the arrangement allows you to save a lot of your income that would otherwise be going toward housing. If you do move out and are considering buying, maybe look for a duplex or a multi-room place where you can rent out the other rooms and have tenants subsidize your living. That would be a great way to move out but not take a large financial hit, while diversifying your income streams.
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10-26-2015, 03:42 PM
(This post was last modified: 10-26-2015, 03:47 PM by jhpaul.)
(10-25-2015, 09:12 PM)Dividend Watcher Wrote: Paul, you've got a good start there.
(10-25-2015, 12:05 PM)jhpaul Wrote: I'm in a very awkward stage of my life where I need to look to invest in real estate (ie. move out of my parents home) but the housing market's just crazy where I live (Greater Toronto Area)... So I thought I'd stick to dividend stocks for now.
Ummmm, at 26 it may be time to move on but I wouldn't be in a rush to buy a "money pit" just yet. Especially in your market right now. An apartment in the suburbs maybe? Oshawa? Oakville? Get your emergency funds locked up, add a little to your portfolio as you go, drop in to the Zanzi on Yonge every once in a while (did I say that? ) and enjoy life.
I just commented on BLTN's portfolio thread over here for a U.S.-centric view. We have quite a few Canadians here that may have some good suggestions for you too.
Looking forward to seeing how you progress.
Thanks for your comments. I know, I need to move out soon. But I'm saving so much money living with my parents 
I looked over your reply to BLTN's thread. Good recommendations there. Thanks. I will need to do some more research before picking my next purchase!
(10-26-2015, 09:32 AM)Kerim Wrote: (10-25-2015, 12:05 PM)jhpaul Wrote: I invested in these two when I was young
You're still young! You're off to an incredible start given your age. I am not very familiar with a number of your holdings, so it is difficult for me to evaluate, but the time factor makes your selections process more forgiving.
(10-25-2015, 12:05 PM)jhpaul Wrote: I'm in a very awkward stage of my life where I need to look to invest in real estate (ie. move out of my parents home)
I understand that life is a whole lot more than finances, but from a financial standpoint, if you can stand it, maybe staying under their roof a bit longer would be worth it (if you can stand it)? That is assuming that the arrangement allows you to save a lot of your income that would otherwise be going toward housing. If you do move out and are considering buying, maybe look for a duplex or a multi-room place where you can rent out the other rooms and have tenants subsidize your living. That would be a great way to move out but not take a large financial hit, while diversifying your income streams.
Hi. I would say almost 40% of my investments are in the CIBC Monthly Income Fund (added the # of units I own to my original post). That's because this was my only investment before I started purchasing other mutual funds and dividend stocks.
That's my plan - stay under their roof for another 2-3 years and then move out..... there's plenty of new developments in my area so I need to start looking into them soon!
Thanks for your comments 
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Oh man to be 26 again!!
Dividend investing at 26? Great choice! At that age, drinking, golf, an occasional woman, more golf and a lot more drinking was my choice. Then there was that fixer upper I bought at age 27 that really ate into my activities or maybe those activities ate into my fixer upper time? I forget.
Okay, I'm going to go day dream a bit and reminisce...about golf...yea golf
Keep on investing, buy quality and never over pay.
crimsonghost747
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Welcome to the forum. That's a nice start you have there!
About the housing part... the way I understand it is that you are looking to buy your own place. But why buy directly? It would make sense to me to rent for a while... it's a whole new world anyway moving out on your own. So at least give it a try by renting, that also allows you to continue investing (even if the rent does take a bite out of your income) and you will live debt free instead of having a huge mortgage. So give that a thought. I'm 26 too and I've pondered about buying many times now (I've been living on my own for 10 years already) but I still haven't found a place where I want to settle down in the long run so renting has worked well for me.
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Looks like you are off to a great start! I own GE as well. I also like EMR.
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jhpaul, you've certainly expanded your portfolio. Hopefully you've gotten some of them at a good value. At your age, you've got a good start. What are your plans for the near term -- are you going to add to your current positions or are you still looking to expand your holdings?
I notice healthcare is conspicuously absent. Scanning the Canadian Dividend All-Star list, I didn't see any healthcare companies listed so you may be forced into a US or European company. Curious as to why you traded in and out of ABBV?
Don't blame you for looking for Canadian issues so you don't have forex fluctuations. I have some Canadian stocks in our IRAs and the dividends fluctuate also. I am comfortable in the long term it will average out as long as I don't have to count on every penny once I reach the withdrawal phase.
Hopefully some of the other "northern neighbors" will weigh in soon.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
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