The Brightest Stars, November 2024

 

After the Presidential election in the US ... stocks, Bitcoin and Ethereum along with other crypto coins rose quickly. Trump, waiting in the wings to take over the reigns in the US is looked at as pro crypto but see what happens when he gets bogged down in the work to run the country.

Being an equity dividend investor, with the majority of my stocks in the top twenty in the TSX by yield, it's satisfying to see my portfolio up over 19% year to date. A steady rise since interest rates were cut by the Bank of Canada and the current deflating Trump hype that flowed over into Canada.

Many a stock I own do business with plans to build on that in the US like our Banks.

With ex-dividend dates in the last half of November, 2024 ... my insurance/financial stocks have reported decent quarterly reports like Manulife Financial. MFC, Sun Life, SLF and Great-West Life, GWO (Under the wing of the Power Corporation of Canada, POW). All worthy of further buying with GWO's ex-dividend date being on the 3rd of December. 

Also on the 3rd of December, Suncor Energy, SU has been in the news with CEO, Kruger working the energy company back into the money on higher earnings than expected and a better safety record. Suncor's yield is 4% at this time with a 4.59% dividend increase.

Algoma Central Corporation, ALC ... The Great Lakes shipping company is celebrating it's 125th year and below is one of the pictures entitled, The Darkest Nights Produce the Brightest Stars. in their recent newsletter.

Taken by Captain Buckmaster while sailing the American Narrows channel, NY aboard the Algoberta

Yesterday, I read a question and answer article from the Globe and Mail's, John Heinzl where I look forward to his monthly updates on his Yield Hog Dividend Growth Portfolio. 

Although, I've been following the Bitcoin scene since it started and like the game of buying low and selling high when I can, I'm not serious about it as I am my stock portfolio and seeking steady growth with income over time. Here is a snippet from that article. 

My portfolio is doing just fine without crypto, thanks

In the past year, most of the stocks in my model Yield Hog Dividend Growth Portfolio have posted double-digit gains, with several rising by more than half when dividends are factored in. These include Manulife Financial Corp. (MFC-T -0.39%), with a one-year total return of about 87 per cent through Nov. 14, Canadian Imperial Bank of Commerce (CM-T -0.38%), up 78 per cent, TC Energy Corp. (TRP-T +0.58%), 62 per cent, Capital Power Corp. (CPX-T -2.96%), 60 per cent, and Royal Bank (RY-T -0.53%), 50 per cent. Sure, these returns trail the 135-per-cent gain in bitcoin over the past year. But, unlike bitcoin, these companies provide products and services that everyone uses, and they send me a chunk of cash every month out of the profits they make. I’m not worried that any of them will see their value cut in half. I can’t say the same about bitcoin. Nobody can.

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