Happy New Year and the BTSX 2024

 

Happy New Year and best wishes for good health, family and finances.

To start off 2024, I had a look at this year's new BTSX, or Beat the TSX portfolio and strategy ... with it's list of 10 stocks.  Matt of Dividend Strategy, posted his first 2024 article about the past and looking forward plus how he "works" the BTSX strategy. Similar to me where I hold stocks on the list from the past and may end up on there again in future years. 

In the long term it does beat the TSX index, while there are years it falls short like 2023 but still a gain of 7.77% with dividends compared to the TSX benchmark of 11.31% considering 2023 was a flat year until October when the Bank of Canada put a hold on interest rates and speculation they may come down this year.

On my end, the only stock I don't hold in the BTSX portfolio is AQN, Algonquin Power although it started a turn around last October after the smoke cleared about it's past dividend cut.

Going forward, I'll concentrate on the undervalued stocks with a growing dividend in the BTSX and others I pick out of model portfolios that have a good record after checking the current stats, history and news.

                                                   Courtesy of the Financial Post

Strategies are everywhere online and in hundreds of investing focused books but I find it works to commit to a "do it yourself plan" for the long term with top listed dividend stocks and add from there.

Picking out of the top 20 stocks in the TSX 60 by dividend yield is a good place to start in my opinion.

With more on the BTSX, the always informative, Cut the Crap Investing by Dale.

Bank Dividend Increases for 2023

The weather has been mild for Christmas as we head for New Years Day and 2024.

Holiday groceries cost more this year and the biggest ongoing expense on my end going forward that will only increase despite inflation falling back.

Grocery big box stores have reported higher profits this year and consumers are not liking it and that has the Feds grilling managements currently, which won't make any difference to prices.

The stock market had a rally into the Christmas break and good to see. Will it continue? ... no one knows but with Central Bankers putting a hold on interest rates in the US and forecasting cuts in 2024, it's more of an upbeat scene. The Bank of Canada is not committed to interest rate cuts so far with a possible (hopefully not) rate hike coming but speculators figure they will cut rates at some point in 2024.

The big banks of Canada and where I'm interested in dividends, increased dividend payments ranging from a 2.9% increase from the Bank of Nova Scotia (BNS) to a high of 10.4 % with the National Bank (NA). An average increase of 6.1%.

BNS has an ex-dividend date of January 2nd, 2024, TD on January 9th and probably the top ranked bank currently ... Royal Bank (RY) with an ex-dividend date of January 24th.

The Royal Bank recently got the go ahead to take over HSBC Canada and further expand, adding their people and clients with an agreement to boost housing start funding. 

One can also get a package of the big banks in an ETF or Fund with decent monthly cash dividends coming in at a lower cost and bulk buy or add with an investment budget over time. There are too many out there to list here but most every broker who deals in ETFs has various versions such as "Covered Call Banks" or "Equal Weight Banks" to "Enhanced Banks" with higher yields and possibly more risk to capital.

Concluding for today, I read an interesting post from Liquid and The Freedom 35 Blog about Canada's population timeline, what the Fed's goals are with population growth and a suggestion what sectors in the Markets will benefit from that.

Fastest Growth Since 1867