Earlier this week, I announced that I sold my position in Black Diamond. While their dividend wasn’t at risk, management decided to cut it by 38% to improve the company’s cash flow for the future. While I can appreciate why management took this decision, it goes against my 7 investing principles. This is not without any regret, but I’ve pulled the trigger on BDI.TO and quickly replaced the company by a stronger dividend payer. I Bought 42 Shares of Canadian National Railway (CNR.TO) …
Rupture
Sometimes, expectations just don’t cut it It is with great disappointment to admit I’ve been cheated on. I put confidence and trust and this is how I get rewarded; broken promises. This is how it feels when a company lets you down and announces a dividend cut! Selling Black Diamond Group (BDI.TO) On November 6th, the company reported its latest quarterly earnings announcing a 38% dividend cut. I didn’t expect that. The company is obviously going through a difficult time since oil …
SPY Vs Dividend Growth Portfolio
A couple of weeks ago, I asked you why you think you can beat professionals? This led to an interesting conversation about the difference between beating the market and reaching your goals. I think the most important thing is to reach your financial goals. It’s like registering for a run; when you register for a 10K, you don’t mind if you win the run or not; you focus on your own running objective. As long as you reach that goal, your run is a success. This is also a good mentality to apply when …
Recap on the Best 2015 Dividend Stocks
As you probably know already, each year I select 20 US and 10 Canadian dividend stocks that will outperform the dividend index (and hopefully the overall stock market). I started this tradition back in 2012 and so far, I’m almost always right. This means that almost all my portfolios have beaten their benchmark year after year. Some folks may think I’m doing this to show off, but that’s not the purpose. I carefully choose these companies based on my 7 dividend investing rules. The purpose of …
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I Will Manage My Children’s Money
Funny enough from a guy who manages his own brokerage account since the age of 21 (13 years ago!), I must admit; I left others to manage the money for my children’s tuition. It made sense for a while since I found it easier for me to let someone else take responsibility for these funds. I hired the best to do the job, to make sure my kids could all become doctors if they wanted to… Why I Invested in Mutual Funds (OMG!) Yeah… this is what I did… I invested in high fee funds managed by …
Pursuing My Dream – Remortgaging My House
Nothing can stop me now, ‘cause I don’t care anymore - NIN Last week, I initiated another big step for my RV project: I’m remortgaging my house! Most people would advise against that, but I’m doing it anyway; digging a deeper financial hole to live my dream. Why am I doing this? There are several reasons why I’m doing it. But first, let me introduce my plan to you: Remortgaging my house – pursuing my dream At first, my plan was to sell my house, become debt free and go with my …
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