Banks and Distributions

 

Since 2022 rang in, I've been adding 'quarterly' paying dividend stocks from the BTSX, or beat the TSX (Toronto Stock Exchange) and this plan is featured on Matt's Dividend Strategy. 

It's basically about holding the top 10 stocks in the TSX that pay distributions by the highest yields. This strategy can also be applied to the US, S&P 500.

My plan is to fill in every month of the year with quarterly paying dividend stocks where cash dividends will supplement my income in the future. However, living expenses don't wait for every 3 months of course, due monthly. So, my main focus is funding 'monthly' paying dividend stocks, ETF's and Funds.

In addition to the BTSX, there are the top Banks in Canada I mentioned in my last post and they pay consistent dividends that increase over time to holders of their stock. It's ideal to hold these individually and that then results in no management fees that come with an ETF that holds them all. 

Doing some research and seeking low management fees in an ETF, there are some decent ones out there that pay monthly and with growth as well when it comes to value over time. Here is a good video explaining choices from Stocktrades.ca

https://www.youtube.com/watch?v=Aon0AC_vqiE

In addition, one of my fav's I hold is SBC, or Brompton Split Banc Corp. from the folks at Brompton Funds. It holds the top 6 banks plus an ETF that contains US Banks and financials. The monthly distribution had been steady since I have owned it.

Winding up for today, the BTSX strategy is somewhat similar to the top coins in the crypto world I watch but with no cash distribution of course. However, there are sites that will pay you interest for holding them on an APY bases. Depending on the site, interest is paid daily, a couple times a week, weekly or monthly. 

By doing a Google search with for example ... crypto coins and APY. the results will bring up information about all that.

 

The Shifting Stock Market and Crypto

 

The weather is getting nicer and travel comes to mind where I haven't ventured anywhere since the pandemic hit but thinking on it now.

Investors have had a lot to ponder over in the stock market. Long term investors not so much but in the short term and how it hits their portfolios with the pandemic, inflation, interest rate hikes, the Ukraine - Russia conflict and much more.

In Canada, it seems to be a common theme since 2022 came in that Banks and Energy will rule starting out and that has been the case from my view.

One can't go wrong owning the Banks and stocks like the oil/pipeline bemouth, Enbridge (ENB) for the long term. Add some Telecoms like Bell Canada (BCE) and Telus (T). One can also own these stocks within one of the many ETFs that are popular now. I'll explore these in future posts.

I've added some of the Blogs I read regular on my right sidebar and there is a lot of work put into them plus their experiences added in. I find them interesting and motivation to build up my portfolios producing more cash dividends for the future.

From just Bitcoin over a decade ago coming on the scene, the crypto world has exploded into something like the Big Bang ... a galaxy of stuff and always something new coming up with hundreds of coins and tokens on the go, plus NFT's, etc.

I concentrate on the top twenty coins in Market Cap and those that look to break into that top twenty. The majority of these coins have made millionaires out of people by either careful planning, inside information or betting the farm and then some to come out a winner, taking great risk of course. 

I mainly watch Ether (ETH) and a few other coins but as always, they are very volatile with wild price swings at times. When to hold and when to Trade comes with experience but even the most experienced get blind sided at times with the unexpected turn of events.

Canadian Dividend Picker ... Introduction Post

 Edited: February 5th, 2023

Canadian Dividend Picker is about my research into dividend paying stocks and ETFs while picking what I feel are good additions to my portfolio after reading various financial Blogs, newsletters, posts and stock data filled sites.

I'm also into the Crypto world that was like the wild west but getting more regulated as time goes by, depending on the country and its ever evolving.

I'm from the east coast of Canada and I've been into earning money online long before Bitcoin came to be, over a decade ago.

With the "Do it Yourself" stock picking strategy, I learned the basics for a year and jumped in with both feet in 2020 just before the pandemic started so I got the full brunt of what a market crash felt like but it quickly picked up again and on track for the most part by the end of 2020.

I do remember the 2008 crash and how my RRSP fell off a cliff losing thousands but resisted the urge to sell, figuring there would be a rebound and of course that did happen.

New additions are "no fee" Fintechs while Banks are partially adding limited no commission fees like the TD Bank, Easy Trade APP and partial stock buying is a hit as well on Wealthsimple Trade.

This Blog is for information purposes for those that are interested and share the same interests and will be a permanent home going forward after hosting a couple of Blogs in the past. The format will be adjusted some where it's new until settled on a "look" that's easy to navigate.

I'm mainly into energy related. pipelines, telecoms plus the big banks. There used to be the Big 5 Banks but 6 is common now with National Bank of Canada being an addition of late.

As I mentioned, one can now buy partial shares where Banks can be expensive to own starting out depending on funding or own them all within an ETF with growth and monthly dividend payments.