Planning for 2023

 

Onwards into 2023 with the investing plan I follow and some additional picks I see that have an attractive yield or cash distributions that fit into what I'm looking for in a Stock or ETF.

My core is the "beat the TSX" plan and here is a good starting post for this year about the BTSX from Matt of Dividend Strategy ...

Beating the TSX Annual Update 2022/2023

                                                           Courtesy of Dividend Strategy

I don't own AQN, Algonquin Power & Utilities Corp and have no plans to buy where Yield is too high for my liking and there could be a dividend cut ... probably to be announced in an upcoming meeting Algonquin has scheduled for Thursday, the 12th of January.

I own T, Telus in 11 spot and will be adding to that stock.

PPL, Pembina Pipeline Corp is the only stock out of this group that pays a monthly dividend. The rest are Quarterly.

Another version is from Dale from Cut The Crap Investing with his Canadian "Wide Moat" portfolio

Over longer periods you’ll see that BTSX beat the TSX 60 by over 2% annual. And as always, past performance does not guarantee future returns.

For the bulk of my Canadian contingent I hold 7 stocks.

Canadian banking.

Royal Bank of Canada, Toronto-Dominion Bank and Scotiabank.

Telco space.

Bell Canada and Telus.

Pipelines.

Canada’s two big pipelines are Enbridge and TC Energy (formerly TransCanada Pipelines).

Some folks like bulk investing at the start of the year but I prefer buying monthly throughout the year. With patience and not getting distracted by chasing the possible quicker money, the cash dividends grow over time as well as stock price growth depending on what's going on from year to year and what sectors invested in.

In the crypto world, BTC and ETH have started climbing some in price for now along with some headliner coins to start the year. There are a number of reasons why and theories but possible factors stand out like the S&P 500 has risen some so far to start the year and ETH, Ether is heading for another event that will unlock ETH worth around 20 billion that has been locked for a long time and some holders are no doubt anxious to see the key turn to free up their coins along with interest from staking.

A similar bullish opportunity could be brewing in Ether as the upcoming Shanghai upgrade scheduled for March 2023 grabs the market spotlight. The upgrade will finally enable withdrawals from Ethereum staking contracts, which are locked presently. The upgrade will significantly reduce the risk of staking ETH.

Enter 2023

 

All the best in 2023 and good health.

In the stock world, the US S&P 500 ended about 20% down and ranked with the 2008 market crisis for that year. I don't own US stocks currently, only indirectly thru Canadian ETF/Funds. 

In Canada, with Toronto's TSX ... our Canadian market fared better being down about 8% for the year.

There's lots of fear, doom and gloom in the news. However, I find it a good time for bargain shopping with the Stocks with lower prices then in an "up" Market while looking at a stock and wondering if it has peaked and expensive compared to the norm fluctuations. Buying at that time would probably sets me up for a loss when markets take a tumble and the stock price falls.

My main interest is in companies and banks that can handle the cash dividends they pay out to holders but I try to avoid overpaying for their stock during a growing Bull market .. or what they call "overvalued" for the average price range over a certain time frame. It's not easy or near impossible to "time" the market moves.

I always think of the king investor, Warren Buffet and how he approaches these Bear markets like today.

Warren Buffett has advised investors not to succumb to fear, and to view periods of panic in financial markets as opportunities to scoop up bargains.

2023 is also the start of a new BTSX; 10 top dividend paying stocks to browse over and I'll add that to my next article. Top names in Banks, Telecom, Utilities, Energy and Insurance related.

Although, I'm watching the crypto scene from the sidelines after it tanked this year and will probably continue to create fear in that marketplace for awhile with the unrelenting news about the downfall of FTX and SBF's upcoming trial, starting next week. Won't be good for him but see if he pleads guilty or not. Meanwhile, coins that belong to investors continue to be shuffled around and out of his defunct sites. Insiders I assume but who knows. Millions worth so far.

I must say, I'm impressed with Bitcoin while it continues to hold around the mid to low 16,000 USD range so far. Impressive where I thought it would continue to fall and that could still happen but there's more going on with Bitcoin world wide then some bad actors with defunct exchanges. Eventually the smoke will clear from all this damage and it will be quiet again for awhile with a possible bump in BTC prices in the future along with ETH.