Welcome back everyone, we’re back here today to do an updated look at our Findependence Portfolios. This is our first update since February 2020, if you missed that post you can check it here.
Also, we won’t go over all of our transactions in this post but if you’re looking for what we’ve purchased during the market crash check out our post on that here.
This has of course been a terrible stretch in the markets and our portfolio has not been spared in all the madness. We’ve taken losses like we’ve never experienced in our investing journey but even still we have stayed on our path and continue to add capital into the following accounts.
Let’s take a look at the first set of accounts:
His TFSA/ Non- Registered accounts
This is the Mr. FIC TFSA and un-registered portion of our accounts. You’ll notice these are all Canadian holdings and some of the absolute best dividend companies this country has to offer.
We’ve added a new target % to our spreadsheets but these are loosely followed for now while we figure out exactly what we want for each company’s allocation.
Next onto the RRSP portion:
His RRSP account
For the RRSP we have almost exclusively gone to the US markets, this is done to prevent us losing out on gains through withholding taxes.
We possibly will sell out of our NFI Group holdings in this account and moved them to the non registered account but haven’t made the final decision on that just yet.
We’ve been aggressively using our available funds in this account to beef up our consumer staple holdings and the yields are very attractive compared to where they usually sit plus some of the companies in this sector have the longest dividend increases (aristocrats) on the entire stock market.
Her TFSA and RRSP accounts
In her accounts we’re still very heavy in a couple of sectors. This is another project area of our portfolio as we need to get some consumer staples and US exposure over into these accounts.
This gives us something to work on for the remainder of 2020, it’s a rebalancing of sorts.
Where we’re looking
A few stocks we’re looking to add to as opportunities become available are:
- Apple (AAPL)
- Microsoft (MSFT)
- Clorox (CLX)
- Canadian National Rail (CNR)
- Bell (BCE)
There will be more shares added outside of these holdings but these are 5 that we consciously want to be on the lookout for.
So there you have our updated Findependence Portfolios, as with all of our posts we’d like to highlight that none of the above are recommendations on what you should be doing in your own portfolios so please do your own research or talk to your investment professionals for assistance. These are simply companies we like and we are attempting to be transparent with our followers on what it is we are doing inside our investment accounts on our journey towards becoming financially independent.
Thanks for reading, if you’ve got questions or comments feel free to leave them below or over on Instagram – @FindependenceCanada and we’ll be sure to get back to you.
FIC.