Wednesday, 27 January 2016

New Purchase - SU and IBM

Today, I added to my positions in Suncor and IBM.

SU     40 @ $31.58      Yield 3.67%        Div $46.40

IBM  17 @ $121.75     Yield 4.27%        Div $88.40

This brings my 12-month forward dividends to $10,464.


Wednesday, 13 January 2016

New Purchase - GM

This market is just plain nuts. It feels like late 2008 when I first started investing. Truth be told, the total value of my portfolio is not down all that much. Maybe 10% at most. That’s because over the years, I converted $162,458 CAD to $153,212 USD (average rate of 0.9431). The current rate is 0.6965, so the $153,212 USD is now worth $220,974 CAD.

To sum it up, my total capital invested since 2008 is $229,500 CAD and my portfolio is currently worth 373,000 CAD. This includes dividends received.

My consumer staples are holding up quite well but everything else is taking a serious beating. I was looking at buying more CSX as it has come down 40% from its 52 week high and now has a reasonable dividend yield of and a trailing PE of only 11. In contrast, CNR (CNI in the US) has a trailing PE of 17.

Anyway, today I initiated a position in GM.

Number of shares purchased
100
Price per share
$31.00
Commission
$9.95
Total cost per share
$31.10
Total cost
$3,109.95
Annual dividend per share
$1.52
Initial dividend yield
4.89%
Increase in forward 12-month dividends
$152

I never thought I would buy into GM. Growing up, I was bombarded by family, friends and the media about how North American cars were junk.

However, I turn 37 tomorrow and have owned three cars to date, all of which were purchased brand new. A 2001 Mazda Protege which had a major rust problem (sold it after 2 years), a 2004 Subaru Impreza which cost me a small fortune in maintenance and repairs (sold it after 11 years), and a 2008 GMC Acadia which has cost me a minor fortune in maintenance and repairs (still own it). In my personal experience, Subaru and Mazda were no better than GM.


My 12-month forward dividend income stands at $10,329 per year.

Tuesday, 12 January 2016

New Purchase - Caterpillar

On January 12, I purchased shares of Caterpillar.

Number of shares purchased
20
Price per share
$61.95
Commission
$9.95
Total cost per share
$62.40
Total cost
$1,247.95
Annual dividend per share
$3.08
Initial dividend yield
4.94%
Increase in forward 12-month dividends
$61.60


I will probably add another 20 shares should the price drop another 15 to 20%.

Thursday, 7 January 2016

That Stings - Sold ESV

On January 6, 2016, I sold my 415 shares of offshore driller Ensco. I was ready to hold on to ESV until oil went back up, but when bribery made its way into the picture, that was it for me.

If you have not heard about the allegations of corruption, click here.

My average buy price was $49.69.

My sale price was $13.57.

So I lost $14,988.18.


This experience really hurts and I hope I have learned enough not to repeat.