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Transalta Renewables Quotes by TradingView

Educate yourself

Educate yourself to make better decisions
I have started building my portfolio in January this year(2018). I thought it would be easy to buy low, sell high. That should not be a problem right? Nope. I ended up with a whirlwind of emotion-based decisions. I find most successful dividend investor does not simply buy a stock on 52-week low. They have a set of points to look at before considering to buy a share of the stock. But most importantly their mindset, I find, is set to their long term goal. I believe that their mindset is more important than knowing what is on the financial statements of each company. This is the reason why I started to build a book list. I want to further educate myself and build a strong mindset to reduce the emotion-based decisions down the road.

I have compiled a book list with the help of the members of Canadian Dividend Investing Facebook Group and some searching in google. I also found some books recommended by Investopedia and BusinessInsider. Personally, I have only finished reading one book about investing which is "The Richest Man in Babylon". I actually read this couple of times but I have read it thoroughly understanding and appreciating the whole content just last month.

The order of the books does not necessarily denotes the importance of each book. I will be continuing to add more books for dividend investing to the list as time goes on.

The BOOK LIST

1. The Wealthy Barber by David Chilton
   
   For more information, click here.


2. The Intelligent Investor by Benjamin Graham
   
   For more information, click here.


3. The Richest Man in Babylon by George S. Clason
   
    For more information, click here.


4. Get Rich with Dividends by Marc Lichtenfeld
   
    For more information, click here.


5. Stop Working by Derek Foster
   
   For more information, click here.


6. The Big Short by Michael Lewis
   
    For more information, click here.


7. The Little Book that Still Beats the Market by Joel Greenblatt
   
    For more information, click here.


8. Unshakeable by Tony Robbins

 For more information, click here.


9. The Little Book of Value Investing by Christopher H. Browne
   
   For more information, click here.


10. Rich Dad, Poor Dad by Robert Kiyosaki
    
    For more information, click here.


11. The Essays of Warren Buffett: Lessons for Corporate America by Warren Buffett
    
        For more information, click here.
12. Beating the Street by Peter Lynch
    
          For more information, click here.


13. Think and Grow Rich by Napoleon Hill
    
          For more information, click here.


14. The Money Game by Adam Smith
    
            For more information, click here.

May 2018 Update

I am a little delayed for my may update but here it is. So May was a rough month but a good month. I had some bad and good buys and sells. I will go over my trade activity first.

Here are my buys for this month. Mostly my buys are just averaging down my current holding as they dropped in priced this month. Some are to get my foot on the door sort of thing, like my IPL.TO buy.

 I bought

BK.TO               53+3+21 shares
HPF.TO              4 shares
DGS.TO             50+7 shares
ESI.TO               40 shares
DR.TO               10 shares
IPL.TO               18 shares
PDC.TO             4 shares
AQN.TO            1 share

Here are my sells for this month. I became emotional about my ALA.TO and sold it for 24.84$ just when it bottomed during the dip after the ex-dividend date. That was not a smart move. few days later it recovered. So that is one lesson I keep on relearning. Do not be emotional. I am not sure if we will see the price $23.02 again but I will slowly build my shares in ALA.TO.

I sold
LB.TO 15 shares
KEY.TO 30 shares
XIU.TO 2 shares
ESI.TO 40 shares
ALA.TO 45 shares
AQN.TO 1 share

For the fun part, I received a total of $100.3 CAD this month. This is the first time I am hitting my $100 target. I am excited about June, despite of stocks I sold this month. So far, my quarterly dividend income has reached $176.92 CAD.

I hope you all had a great month as well. Cheers!


Disclaimer: I am not licensed and/or professional investment/tax advisor. Thoughts and opinions mentioned in this blog should not be taken as a recommendation. This blog is created to share my experience and trading/investing activity for entertainment and/or educational purpose. Trade/Invest at your own risk.

Compound Progression







   

DRIP CALCULATOR

Calculator for drip

Stock Price =

Last Dividend =

# of SHARES to DRIP =

# of Shares Required Total $ Value Required

Round up the answer or add a few more shares to accommodate any stock price movement on pay date. Any comments and suggestions to improve the calculator is very welcome. Send me an email or leave a comment below. Thank you! Future dividends may increase and/or decrease. This calculator is for reference only.

April 2018 Update - Dividend and Trade Activity

Hi Everyone, here is an update for April dividend and trading activity. So far the quarter has been great. I received a total of $76.74 in dividends, almost beating the Q1 dividends.  However, it is due to the deposits I made mid to late Q1 which I am reaping the rewards this quarter.

BUYS AND SELLS

I used some of the dividends this quarter to buy more ETF's.
ZWU.TO        1 share
FIE.TO           4 shares
HAL.TO         3 shares

I also bought 100 shares of EEP at $10.51USD and 150 shares of DR.TO at $14.23CAD. 

I sold 250 shares of WFT at $2.95USD. After all the conversion, tax and commission. Profit for the sale is $27.79CAD.

I used the cash to buy 81 RNW.TO at $11.52. This brought the average price down to $12.2315.


PORTFOLIO SUMMARY

TFSA	shares	APR
COMPANY STOCKS
AD.TO	49	6.62
ALA.TO	45	8.21
ENF.TO	34	6.4
ESI.TO	230	27.6
KEY.TO	30	4.2
LB.TO	15	0
DR.TO	150	0
EEP	100	0
RNW.TO	158	6.03
WFT	0	sold $27.79 profit inc commission
ETF
FIE.TO	8	0.32
IPFF	1	0.06
PDC.TO	1	0.11
HAL.TO	3	0
VDY.TO	1	0.14
XDIV.TO	1	0.08
XEI.TO	1	0.09
XIU.TO	2	0
YYY	1	0.12
ZDV.TO	1	0.06
ZWU.TO	4	0.14
SPLIT SHARES
DGS.TO	123	12.3
DS.TO	57	4.26

Disclaimer: I am not licensed and/or professional investment/tax advisor. Thoughts and opinions mentioned in this blog should not be taken as a recommendation. This blog is created to share my experience and trading/investing activity for entertainment and/or educational purpose. Trade/Invest at your own risk.

Compound Progression

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Q1 2018 Update

Q1 2018 passed by very quickly. I hope you had increase your gains compared to Q1 2017. I want to share with you my portfolio activity and dividend gains for Q1 2018. I have only started building my TFSA portfolio this January 2018. So here is my current TFSA portfolio as of April 4,2018.

TFSA

COMPANY STOCKS

AD.TO            49

ALA.TO         45

ENF.TO          34

ESI.TO             230

KEY.TO         30

LB.TO            15

RNW.TO        77

WFT                 250

ETF

FIE.TO        4

IPFF            1

PDC.TO      1

VDY.TO     1

XDIV.TO    1

XEI.TO       1

XIU.TO       2

YYY            1

ZDV.TO      1

ZWU.TO      3

SPLIT SHARES

DGS.TO          123

DS.TO            57

I bought CJR.B.TO 120 shares for $8.27 and sold at a loss at $6.02. I gained 2 months dividend of (2x11.40) = $22.80. My total loss is -$247.2 including commission and the dividend gain.

I sold BDI.TO at $3.00 which I bought at various price averaging at $2.52 each. This gave me a gain of $409.44 less the commission.

The total dividend I received this last quarter is $80.06, far from my long term target of $1000 per month ($3k/qtr.).

Disclaimer: I am not licensed and/or professional investment/tax advisor. Thoughts and opinions mentioned in this blog should not be taken as a recommendation. This blog is created to share my experience and trading/investing activity for entertainment and/or educational purpose. Trade/Invest at your own risk.

Compound Progression