Monday, April 10, 2023

Window Shopping for Dividends

 

I like the cool northerly winds after the Easter break here on the east coast of Canada. I prefer that to the heat and humidity of the summer months.

It's a mix of forecasts for the stocks looking ahead a few months. From a mild recession to shaping up to be a Bull run. The headlines change constantly where it's all guess work.

I stay informed but my main interest is the dividend yield on my stocks. Nice to see distribution increases when they are announced by companies and banks I own.

As I add to them with the majority being in the "TSX top 60" by dividend yield, slow or fast compounding kicks in. Depending on how much cash one adds and/or DRIPs, the results are rewarding over time but there is still the element of risk and being able to take the down market hits of 10% and lower while staying on course. Many an investor freaks out and sells at a loss during these crashes over the years.

Tom Connolly, with his Dividend Growth site: The Connolly Report since 1981 has a method of watching the stocks he tracks by charting dividend yield and price increases to show growth year by year over a ten year span. A decade snapshot of how a stock is doing. 


As a foundation ... there are 9 stocks out of 10 on Matt's Dividend Strategy site with the BTSX portfolio stocks I'm building on and own. AQN is the exception.


Like this young moose, why look further while doing some "window" shopping ... just what I'm looking for and it's free.


                                In this Thursday, April 6, 2023, image provided by Providence Alaska, a moose stands inside a Providence Alaska Health Park medical building in Anchorage, Alaska. The moose chomped on plants in the lobby until security was able to shoo it out, but not before people stopped by to take photos of the moose. Providence Alaska via the Associated Press


With the 24/7 Crypto market. Bitcoin and Ether have been having quite the ride lately but one has to keep in mind how volatile this market is. A few years back I got caught up in Trading as Bitcoin "laddered up" in price to new heights forgetting about a thing called ... overvalued. Down it came like a rock with a turn of events and so did my funds. 

Lesson learned and now I watch as it climbed over the $20 grand USD level and can cash out with a profit instead of being caught at BTC's peak followed by a downturn for a given cycle.




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