Welcome to another edition of Money While You Sleep. Just getting caught up and I apologize for the delay in my post! In November the stock market was soaring once again, with the S&P 500 reaching its very best month of the year climbing 5.87%. The S&P/TSX delivered a 6.4% return as well. Here is what we were up to in November:
- Weekends are busy full of Hockey practices, games and dance classes.
- We celebrated our nieces first birthday.
Portfolio details:
- Different accounts showed different results. RRSP was up 10%, TFSA 1 up 5%, TFSA 2 was up 6%, company matching RRSP was up 5% and the RESP was actually down 2%
Sold:
We finally unloaded some multi year under performers such as REAL and MDT. There is just too many good names out there with more potential and it was time to move on.
Bought
After Target (TGT) got hammered on financial results and lower guidance, the sell-off, in my opinion, was an overreaction. I added 30 shares after the massive drop. Being able to purchase shares of a business with fairly consistent revenue and a PE ratio of 14.4 versus a 5-year average of 18.5 feels like a good add here. Time will tell, but I just can’t find it in me to overpay for Walmart, which is trading well above its 5-year PE ratio of 30.4.
My next addition was Telus. I doubled my position. Telecommunications stocks have been hammered over the past couple of years. In my mind, Telus is the best in Canada. With lower interest rates in our future, this will help Telus financially, and they are in a much better position than competitor Bell, who just keeps disappointing their shareholders.
Dividend/Distribution Increase or Decrease
- Telus (T.TO) with it’s second increase of the year of 3%
2024 Dividends and Distributions
November dividends/distributions came in at $457. This is a YOY increase of 20%. All the dividends have either been dripped or placed into cash for future purchases. We dripped 6 new shares, across 2 companies. After 9 months we are 90% towards our goal with one month remaining.
Dividends/Income received
Drips were in the following names: POW and PLZ.UN
See you next month
Invest in yourself
Brian
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. Please ensure you do your own research.
