Happy New Year and best wishes for good health, family and finances.
To start off 2024, I had a look at this year's new BTSX, or Beat the TSX portfolio and strategy ... with it's list of 10 stocks. Matt of Dividend Strategy, posted his first 2024 article about the past and looking forward plus how he "works" the BTSX strategy. Similar to me where I hold stocks on the list from the past and may end up on there again in future years.
In the long term it does beat the TSX index, while there are years it falls short like 2023 but still a gain of 7.77% with dividends compared to the TSX benchmark of 11.31% considering 2023 was a flat year until October when the Bank of Canada put a hold on interest rates and speculation they may come down this year.
On my end, the only stock I don't hold in the BTSX portfolio is AQN, Algonquin Power although it started a turn around last October after the smoke cleared about it's past dividend cut.
Going forward, I'll concentrate on the undervalued stocks with a growing dividend in the BTSX and others I pick out of model portfolios that have a good record after checking the current stats, history and news.
Strategies are everywhere online and in hundreds of investing focused books but I find it works to commit to a "do it yourself plan" for the long term with top listed dividend stocks and add from there.
Picking out of the top 20 stocks in the TSX 60 by dividend yield is a good place to start in my opinion.
With more on the BTSX, the always informative, Cut the Crap Investing by Dale.
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