Launched in September 2017 with an initial investment of $108,760.02, the portfolio has since grown to an impressive $245,539.73, reflecting a remarkable 125.76% gain. This growth has been fueled by a combination of dividend income and capital appreciation, with the portfolio generating $4,490.67 in dividends over the past 12 months.
In the first quarter of 2024, the portfolio delivered a solid return of 20.69%, outperforming both the S&P 500 (SPY), which returned 26.19%, and the iShares S&P/TSX 60 ETF (XIU), which returned 11.87%. This performance underscores the portfolio’s ability to generate consistent returns even in challenging market conditions.
As of April 5th, 2024, the portfolio is well-diversified across 10 companies representing 7 distinct sectors. This diversification helps to mitigate risk and enhance the portfolio’s overall stability. With the goal of generating a 4-5% yield across 15 positions, the portfolio manager is actively seeking new investment opportunities to further enhance its income-generating capabilities.
Telus (TU, T.TO) is one stock that the portfolio manager is particularly bullish on. The company is seen as a long-term play with the potential to generate solid returns. The recent purchase of 23 additional shares of Telus reflects the portfolio manager’s confidence in the company’s future prospects.
In addition to Telus, the portfolio manager is also considering adding new Canadian stocks to the portfolio. Magna International (MG) is one stock that is under consideration for either a sale or an additional investment of $2,000. The decision on Magna International will depend on the portfolio manager’s assessment of the stock’s potential and its alignment with the overall portfolio strategy.
Regular quarterly reports, such as this Q1 2024 update, provide valuable insights into the performance of the portfolio and the investment decisions being made. These reports offer a unique opportunity to learn from the portfolio manager’s approach and to gain valuable insights into the world of dividend growth investing.
