Window Shopping for Dividends

 

I like the cool northerly winds after the Easter break here on the east coast of Canada. I prefer that to the heat and humidity of the summer months.

It's a mix of forecasts for the stocks looking ahead a few months. From a mild recession to shaping up to be a Bull run. The headlines change constantly where it's all guess work.

I stay informed but my main interest is the dividend yield on my stocks. Nice to see distribution increases when they are announced by companies and banks I own.

As I add to them with the majority being in the "TSX top 60" by dividend yield, slow or fast compounding kicks in. Depending on how much cash one adds and/or DRIPs, the results are rewarding over time but there is still the element of risk and being able to take the down market hits of 10% and lower while staying on course. Many an investor freaks out and sells at a loss during these crashes over the years.

Tom Connolly, with his Dividend Growth site: The Connolly Report since 1981 has a method of watching the stocks he tracks by charting dividend yield and price increases to show growth year by year over a ten year span. A decade snapshot of how a stock is doing. 

As a foundation ... there are 9 stocks out of 10 on Matt's Dividend Strategy site with the BTSX portfolio stocks I'm building on and own. AQN is the exception.

Like this young moose, why look further while doing some "window" shopping ... just what I'm looking for and it's free.

                                In this Thursday, April 6, 2023, image provided by Providence Alaska, a moose stands inside a Providence Alaska Health Park medical building in Anchorage, Alaska. The moose chomped on plants in the lobby until security was able to shoo it out, but not before people stopped by to take photos of the moose. Providence Alaska via the Associated Press

With the 24/7 Crypto market. Bitcoin and Ether have been having quite the ride lately but one has to keep in mind how volatile this market is. A few years back I got caught up in Trading as Bitcoin "laddered up" in price to new heights forgetting about a thing called ... overvalued. Down it came like a rock with a turn of events and so did my funds. 

Lesson learned and now I watch as it climbed over the $20 grand USD level and can cash out with a profit instead of being caught at BTC's peak followed by a downturn for a given cycle.

Banking on April, 2023

 

The end of March was "buy the dip" for yours truly with the Canadian Banks with all the selling fear spawned by a few US Banks having troubles plus Credit Suisse, now bought out. Currently, the Bank situation is getting somewhat back to normal. 

With some other positive factors, The Canadian TSX registered gains in the last week of March. Green ...  is good.

Banks here with their billions in profits and high yields are popular picks along with associated ETF's. 

The Feds with their latest budget last week are apparently going to take 1% of those Bank profits. CEO's probably yelling out ... foul play!

April is a quarterly ex-dividend month for many of these top Banks.

I would say the most volatile sector is the Tech industry (Nasdaq) and the reason it is so popular among investors who follow it. Down in the beginning of the year for many Tech stocks, recently zooming back up with an average of 15%. Timing that market is not a good idea but some are lucky and buy low.

For the quarter, the Nasdaq jumped 16.8% in its biggest quarterly percentage increase since the three months ended June 2020. 

Is the US legal eagle digging it's talons too deep into crypto exchanges south of the border? Is that the reason top Exchangers are crossing the border into Canada to expand? Not sure the reason but both Coinbase and Kraken have now filed paper work with the Canadian SEC departments to register for legal operation. 

There are strict rules up here now with more to come no doubt. A major one I like is that customer/member's deposited funds/coins are to be kept separate from the Exchanger's coffers or ... funds/wallets. The Bermuda based FTX comes to mind with billions routed elsewhere that went under and that will all come to light with a future court case involving the owner and his staff.