The US tariff bomb dropped this week causing fear and panic in the markets as expected. Canada and Mexico are not on the list for additional tariff for now as Canada waits for the 28th of April and the Federal Elections followed by negotiations with the US over trade, defence, etc. Hopefully some satisfactory agreements can be reached during these future talks
No changes on my end with my portfolio as I look for some bargain prices with the current 27 stocks I own and accumulate for the long term harvesting cash dividends.
April is yet again what I call a Bank Month compared to multiple sectors stocks I bought in March.
For example, I watched TD Bank stock, TD.TO fall back to the low 80's in price on the 3rd of April and bought where the bank has an ex-dividend date of April 10th, 2025 with a 5% yield. Eventually, TD's stock price will rise again after the markets absorb the fallout from the ongoing tariff war or it may fall even further in the short term. There's no timing the markets only a personal liking for buy and sell entry points.
Mid month, I'll be looking at the end of April where there are ex-dividend dates for the Bank of Montreal, BMO.TO, which is currently overvalued by the Graham Number and the Royal Bank, RY.TO which is the more favoured bank with the current tariff climate going on. I plan to buy more of the bank ETF; BMO's ZWB as well for the monthly distributions.
I'm overweight on my EMA.TO, Emera Incorporated in my portfolio but will keep buying before the ex-dividend date, the 30th of April. The utility is currently concentrating on capital gains to offset lower dividend hikes for now
Looking back to 2024, the US S&P 500 was and still is, top heavy with Techs and the AI buildup while here in Canada I personally concentrate on financials with banks/insurers, energy/pipelines and utilities as my top holdings paying decent yields with many of these stocks doing business in the US.
In the later part of 2024, JP Morgan listed their first 2 interesting ETFs for Canadian investors, JEPI.TO and JEPQ.TO with the latter concentrating on Nasdaq and the top tech companies in the US so I got more exposure to the US market that route while collecting the varying monthly distributions.
Meanwhile, it's wait for an eventual end to the tariff war brought on by the US government and stay invested but like any stock or ETF I own ... if it's causing me to rethink it steady with issues like too much debt or poor management causing possible dividend reductions, it's wise to sell it and buy into the many other stock opportunities out there and on my Watch list that I expect to be a worthy pick.
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