This month we made several new purchases across a couple different accounts as part of our portfolio management. May turned out to be an opportunity to either establish new positions in companies we had been tracking or to average down in some other positions. Only time will tell if these will pay off, but a main criteria for these picks was a “what if” and that what if was this: If the stock dropped 20% after we purchased it do we feel comfortable enough in the holding to double down on it? Or would we panic and think of selling? The answer to all of these stocks was that we would in fact double down and therefore, we were comfortable pulling the trigger even in an unstable market condition. So, which shares to invest in…
First off, in the TFSA holdings we added to our Transcontinental Inc. and TD bank positions and opened up new positions in CIBC, Rogers Sugar, and InterPipeline.
The summary of transactions looks as follows:
-Transcontinental Inc. – Purchased 69 shares at avg. $14.92/share Total: $1039.47
-TD Bank – Purchased 33 shares at avg. $73.42/share Total: $2432.85
-CIBC – Purchased 23 shares at avg. $109.58/share Total: $2530.33
-Rogers Sugar – Purchased 150 shares at avg. $5.96/share Total: $903.99
-InterPipeline – Purchased 95 shares at avg. $20.88/share Total: $1993.59
In the RRSP accounts, most of our additions were in the US market and again were in companies that we’ve been tracking that happened to fall into our comfort zone for purchase pricing.
Here’s a summary of the RRSP transactions made in May:
-AT&T – Purchased 69 shares at avg. $31.40/share Total: $2977.58
-Apple – Purchased 10 shares at avg. $183.38/share Total: $2503.87
-3M – Purchased 11 shares at avg. $167.74/share Total: $2522.98
-Brookfield Property REIT – Purchased 81 shares at avg. $26.66 Total: $2169.45
We felt/feel that Canadian banks had become slightly undervalued so we topped up our holdings in that sector and may continue to do so if these opportunities remain, we were also very happy that we were finally able to add to our consumer sectors through the american purchases as we have found we are very under weight in the consumer discretionary and consumer staple sectors.
If you want to see the affect these purchases have had on our future dividend projections flip over to our end of month – May passive income report to check those figures out, I won’t spoil it for you here with exact numbers but we are very proud of the progress we’ve been making on that front.
Thanks for stopping by and reading these updates, if you have any questions or comments please feel free to leave those below and we’ll be sure to get back to you.