I know that we usually recommend investing in low cost index funds, and I do mostly invest this way. That being said, I do enjoy stock picking. I mean come on, its just plain fun. So what I won’t beat the market, that’s future accountants problem right!? I keep these individual stocks in my TFSA and enjoy the cash flow that I receive from these holdings. In the future I plan on using these dividends to help fund my monthly expenses. Here are the dividends I received in December:
|SIR Royalty Income Fund – SRV.UN||66||$6.93|
|RioCan REIT – REI.UN||65||$7.80|
|Shaw Cable – SJR.B||21||$2.07|
|A&W Royalty Fund – AW.UN||21||$3.00|
|Fortis – FTS||27||$12.15|
|Inovalis REIT – INO.UN||220||$15.12|
|Pembina Pipeline Corp – PPL||5||$0.95|
|Transalta Renewables – RNW||71||$5.56|
|First National Bank – FN||5||$5.79|
|Slate Office REIT – SOT.UN||240||$15.00|
|Banc Corp – BK||97||$8.93|
|Highliner Foods – HLF||7||$1.02|
|Alaris Royalty Corp – AD||100||$13.75|
So there it is, $98 of income for the month of December not bad for a small section of my holdings. I should note that First National paid a special dividend of $1 per share in December on top of its regular monthly dividend which was a nice Christmas bonus. You’ll also notice I have some weird share amounts, this is due to the fact that I can make purchases for only $0.01 per share. (I was grandfathered into this option which is sadly no longer available) This allows me to purchase stock in whatever quantity I want with any extra cash laying around in my account. Such are the benefits of cheap commissions!
Keep that passive income train rolling.