TFSA Portfolio Update – September 2014
As promised, this post today will provide you with an update on my TFSA portfolio and its holdings.
However, before I start, I would like to share with you my goal for this portfolio and the direction it is heading.
As someone who is still a novice in stock investing, I plan on building a dividend portfolio with an expectation of 8% to 10% return annually. However, it is my plan to continue tweaking this portfolio as my knowledge grows so keep checking back for future updates.
TFSA Portfolio Holdings
Here is what my portfolio is currently comprised of:
- American Express CO (AXP)
- Bank of Nova Scotia (BNS)
- Cogeco Cable Inc. (CCA)
- Dollarama Inc. (DOL)
- Johnson & Johnson (JNJ)
- Mcdonalds Corp (MCD)
- Royal Bank of Canada (RY)
- Suncor Energy Inc. (SU)
- Toronto Dominion Bank (TD)
- Walgreen Co. (WAG)
- Walmart Stores Inc. (WMT)
- RBC US Index Fund
- TD US Index Fund
Other Stats:
- Total Market Value: $18,400
- Cash Available: $3,700
- Total Account Value: $22,100
Sector Allocation:
- Consumer/Telecom: 16.1%
- Energy: 4.5%
- Financials: 30.8%
- Health: 5%
- Retail: 15.8%
- Index Fund: 11.1%
- Cash Available:7%
Summary
As you can see from my sector allocation, my stocks are currently all over the place. As I progress through my financial journey, I plan to balance out the sectors a little more. However, this doesn’t necessarily mean an equal allocation to all sectors. It just means a little more diversification.
As to where I go from here, I have a few more stocks that I plan to add to my portfolio sometime in the near future. They are currently on my watch list and I will continue to update you when I have something new to share.
Disclaimer: The positions mentioned in this post should not be taken as any professional advice and should be used only for informational purposes.
