Welcome to my first post of the year. January can be tough as we come out of the holidays, get back to work and get into a routine again. Before I get into anything I would like to pay my respect to the 9 who were tragically killed in the helicopter crash which include Kobe and Gianna Bryant. I followed Kobe’s basketball career and always loved how he pushed himself to be one of the best. Then when he retired he devoted the next three years to his wife and 4 girls, being the prime example of what a dad should look like! He was also known as Mamba which means “To be on a constant quest to try to be the best version of yourself. That’s what the mentality is. It’s not a finite thing. It’s a constant quest to try to be better today than you were yesterday and better tomorrow than you were the day before”. May they all rest in peace and never be forgotten.
Here are a few highlights from this month
- Started the Labour To Leisure Instagram page
- Family time
- Got back to work
- Started a food plan where i don’t eat after 7 (Not as easy as it sounds)
Portfolio details:
Well this month we made little to no moves. The market started the month on fire which we all know the economy is not rising as fast as the stock market was. Then came the Coronavirus which has impacted China and other cases popping up around the world turing the stock market into a bit of a meltdown. To me this is an event that should be a short term issue and may create buying opportunities especially in companies that are not affected by the virus, just so food for thought. We have been adding cash, waiting for the right time and in the meantime making a list of some pretty good companies which i will share later in the post. We also contributed $1,500 into the RESP account.
Dividend increases and decreases
- Exco Technologies (XTC) increased the dividend by 5.56%
- No companies decreased the dividend
2016 – 2017 – 2018 – 2019 – 2020 Dividends received
In January we received $244.51 Which is an increase of 106% when you compare to last January. We have set a goal of $3,100 for the year. The increase we received from XTC will give us a boost in March. As you can see we input a trend line which allows us a visual of what the future looks like.
Dividends received in TFSA 1
| Stock List | January |
| TD.TO | $30.34 |
| FRU.TO | $5.99 |
| GH.TO | $5.18 |
| SIA.TO | $13.26 |
| CJ.TO | $4.07 |
| EXE.TO | $6.92 |
| TOG.TO | $9.18 |
| CSH.UN | $11.10 |
| ALA.TO | $5.36 |
| CHW.TO | $7.00 |
| PLZ.UN | $9.43 |
| ARX.TO | $9.00 |
| NPI.TO | $14.00 |
| CHR.TO | $15.48 |
| SIS.TO | $4.98 |
| EFX.TO | $9.20 |
| CM.TO | $38.88 |
Dividends received in TFSA 2
Dividends received in RESP
| Stock List | January |
| TD.TO | $45.14 |
Top 5 stocks on Watch List
#5 Nutrien (NTR)
I expect a pretty bad quarter coming up and this could be in for a nice rebound come this summer. PE ratio is currently around 6. Keep an eye on this one.
#4 Exchange Income Corporation (EIF)
I’ve owned this in the past, one of the best stocks I’ve ever held. With the news regarding Coronavirus this may get a bit cheaper and would probably be a good time to step in and nibble away. Great management, always over delivering and a juicy dividend just over 5%.
#3 NFI Group (NFI)
These guys have a great Moat and are far away from their all time high. They continue to receive bus orders globally as governments look to move to diesel/electric options. 2019 was a terrible year for NFI. They have a crazy back order though. Watch the year end results closely as this will be one you may want to pick up.
#2 Canadian Imperial Bank of Commerce (CM)
CM has not performed well in comparison to other banks however they are a value pick. Current PE ratio is 9.73 and a juicy dividend of over 5%. You can read about them in my last months post by clicking here which goes into detail on valuation: https://www.labourtoleisure.com/money-while-you-sleep-2019-december-edition/
#1 Manulife Financial Corporation (MFC)
In the last recession MFC left a bad taste in peoples mouth as they didn’t fair well however they have been meeting expectations for quite some time now and it looks like potential shareholders are starting to come back. Look for a nice dividend increase in upcoming results.PE ratio is quite attractive and still lagging competition. Growth in China is expected to continue to rise, US side of things look like they are improving. and Canada has been flat.
I’m looking for more companies to do research on so if you have some that look attractive in this fairly valued market, please feel free to share. See you next month and remember:
Invest in yourself
Brian
Way to go! So proud of you!
Thank you 🙂