Portfolio Update – Q4 December 2014
As promised in an earlier post, I will begin providing a quarterly update of my portfolios on Million Endeavour. Especially now that the year is about end, I can’t think of a better time to start.
Currently, I have 2 portfolios that I am invested in. The first is my Tax-Free Savings Account (TFSA) with TD Waterhouse and the second is my Registered Retirement Savings Plan (RRSP) mutual fund account.
As it stands right now, my TFSA portfolio holds position in 21 companies and 2 index funds. As for my RRSP, I have decided to go down the passive investing route. If you are interested in my holdings, I have recently started a page where I list my portfolio performance. This page will be updated at the start of each month. Here are some additional statistics for this quarter:
Dividend Growth
- October: $17.04
- November: $41.93
- December: $6.73 & counting
Total for this quarter (so far): $65.70
Total YTD (so far): $109.45
*For next time, I will try to hold off from the portfolio update until the quarter is actually finished. : )
Equity Acquisitions
October: Canadian Oil Sands LTD (COS), Chevron Corp (CVX)
November: Rogers Communication Inc. (RCI.B), Corus Entertainment Inc. (CJR.B), BHP Billiton PLC (BBL)
December: Canadian Oil Sand LTD (COS), Husky Energy Inc. (HSE), Canadian National Railway (CNR), Bank of Montreal (BMO)…
Progress Check
Percentage of completion for maxing TFSA – 79%
Percentage of completion for maxing RRSP – 14.2%
Goals Moving Forward
The current goal for my portfolio is the transition of US Equities from my TFSA to my RRSP. However, I am hesitant to do that right now because I do not have the funds in my RRSP to make any significant purchases. In the mean-time, I will continue to purchase Canadian equities in my TFSA and avoid any US stocks. Check out a more detail version of my financial goals!
Next Portfolio Update: Q1 March 2015
Interesting. Didnt COS eliminate or cut their dividends recently? I dont follow it closely…but just wondering if you are looking to get in while its down or does it face a rough road ahead and you are looking at it as a trading opportunity?
Thanks for sharing. Looks like you are well on your way to building a good income stream.
R2R
Hi R2R, COS took a major hit and its still going down. Indeed they cut their dividends but I believe there are challenges to face ahead. I also believe that this slide is due to the fall of the energy sector but when the sector recovers, I see COS climbing.
COS is a pure investment in crude oil and I believe it holds a monopoly over its other competitors. As much as I would love to purchase more shares of COS, I just don’t have the capital nor patience to do so. My portfolio is already really heavy on the energy sector and I would like to diversify into the other sectors. I definitely see this as a trading opportunity though but for me I am just going to hold it for now.
Hi Jeff
Your portfolio is indeed energy heavy but I guess you are going where the value is. With your RRSP going the passive route I guess you can take more risks with this one 😉
Indeed B. When I have more funds i’ll allocate a portion of my RRSP into self direct investing!
Considering that energy sector is taking a beating right now it’s a good opportunity to add energy stocks. But definitely try to diversify into other sectors if you can.
I’ll definitely keep tabs on the energy stocks. I look forward to see if you initiate any further position in the energy sector on your blog!
Wow. So many energy stocks in your portfolio. We go where the value is. Awesome. I am looking into Suncor and Canadian oil sands at this time.
Hi Besmartrich, my portfolio have changed quite alot since last quarter and i have made alot of investments in the finance sector. I will post a more detail on my portfolio for the next quarter.
Canadian oil sands have made quite an impressive recovery though bit im still down quite alot. I wouldnt be buying any more cos for the time being.
Also, nice net worth over there! Ill be following your progress on your blog.