youngandthrifty dividend income update May 2013

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I haven't done anything new since last month.  HSE and Sunlife are DRIPping nicely, now I have 104 shares of HSE and 102 shares of Sunlife (and it has bounced back to my original buy price).  Since April, I have increased my dividend income by about $100.

I would like to increase my exposure in my portfolio to utilities. I currently only have Fortis (tried, true, and trusted) and Just Energy (not so trusted, one of the dogs in my portfolio) and both of these comprise almost 12% of my TFSA portfolio. (I haven't done this yet, still on my to do list)

I may also consider adding a REIT as well. Which REIT is your favourite? I am wary that they seem a bit overpriced at the present moment. (still on my to do list as well!)

I know that Suncor increased its dividend but I haven't changed my spreadsheet yet- I need to do do this.

Hopefully during my school break I will get a chance to look more closely at what equities or ETFs to purchase <— obviously did not happen as I was too busy eating tapas and olives on my school break.  Now back to work!

May 2013

 

 

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Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

5 Comments

  1. Brian on May 17, 2013 at 1:39 pm

    Nice portfolio. I’m currently trying to increase my holdings in Shaw, which pays dividends monthly, so it’s taking awhile to get it up to the point where I can DRIP. Then I’ll focus on HSE. I don’t plan on getting into REIT’s due to the fact we own a rental property, so I think I’ve got all the exposure we need there!



  2. David on May 18, 2013 at 6:24 pm

    You should consider getting one of the REIT ETFs commission free through Questrade. I prefer ZRE over XRE because it’s more equally weighted. They’re a bit overpriced after they’ve had a great couple of years but there was a decent buying opportunity through the fall. I’d watch for another pullback before picking them up but they’re definitely a good long-term buy.



  3. My Own Advisor on May 19, 2013 at 7:12 am

    Well done! JE is a dog but as long as it pays dividends, might as well keep it. Otherwise, you’re probably selling at a loss.

    Get some pipelines in there: ENB, TRP, IPL.UN 🙂

    Mark



  4. Young on May 27, 2013 at 10:36 am

    @MOA- Oh yeah, totally would sell it as a loss. I think I’m down 30-40% on that one.



  5. Young on May 27, 2013 at 10:37 am

    @David- I am definitely thinking of a REIT, but I don’t think I chose ZRE or XRE. Have to look at my files again lol.



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