November and Energy

 

Central Bankers in North America are hinting at easing off on future interest rate hikes which the stock market likes to see in general. 

The Bank of Canada has eased back on the 'interest rate' throttle some already but the US is staying at the same pace also saying there has not been much slowing of the inflation rate so far in their country.

Personally, I see no change in inflation on my end, especially when it comes to groceries and gas. The one thing I noticed is common items most buy like butter for example that are "on sale" or pre-inflation prices are bought up quickly and the shelves stay empty for longer periods of time. Reminds of early in the pandemic days with hoarding. 

Is there still supply issues with bottle necking and congestion in ports, railways, trucking central depots etc.? I assume so and the high price of diesel is not helping much.

Meanwhile, the Bloggers on my right sidebar continue with the their progress of increasing cash dividends from the stocks and ETFs they own. An example of their dividend strategies being successful despite a current "Bear" marketplace. 

Meanwhile, with the big picture ... the stock markets seem to be levelled off some for now but with the fast paced world of anything can happen tomorrow or next week. prices will change with the short term ups and downs which don't concern me much although I watch and invest "trying" to get the lowest price for my monthly buys. Easier said then done with attempting to time the volatility of the Market place.

The only way to grow cash dividends month after month, year after year is to stay invested for the long term tweaking the portfolio along the way.

For November, ENB, Enbridge is on the top of my list to add to and MFC, Manulife Financial. Both undervalued in price these days and decent dividend paying stocks.

Eric Nuttall of Ninepoint Partners has a keen eye for energy companies that are in good shape to produce gains over time and one can Goggle his breakdown of these in interviews.

Since I'm an energy fan, I've been looking at his firm's ETF ... NRGI, Ninepoint Energy Income Fund which pays monthly dividends and recently increased it's distribution rate.

Bearing in mind that Energy company stocks normally roll with the price of oil. This year has been upbeat for companies that are well managed so far.

High Yield in October

 

While I'm a fan of the top ten yielding stocks in the TSX, called BTSX, there are some high yielding ETF and Funds out there that have been consistent with sticking to their monthly cash dividend payments. Some have been around for a few years and others started recently that get attention because of the managing institution's progress in the past. And, there will always be new ones that surface to consider

Although one of the biggies batted around the stock world is ... past performance is no guarantee of future results but past data gives an investor an idea of how a stock, ETF, etc., has performed going forward ... thru the highs and lows.

From this article from Dividend Earner ... I own ZWB  and EIT.UN currently ... which have been "steady as she goes" when it comes to monthly cash distributions. The drawback is there is not a lot of growth but the dividends make up for it. 

There are many high yield dividend income producers such as the above in Canada and a DIY investor's choice of what fits best into their portfolio to boost dividends for the short or long term.

With the "Beat the TSX"  ... Enbridge (ENB) has an upcoming ex-dividend date for November and a current yield of 6.66% paid quarterly. Depending on which broker an investor uses ... ENB can be bought with zero commission fees and no management fees that come with ETFs and Funds. For example: Wealthsimple Trade and TD's Easy Trade: 50 "no commission" stock trades per year works for me where I normally buy on a monthly basis with TD.