Looking back the first week of June, it looks like I have started the month at full throttle. I don't have a crystal ball. I don't know which direction the market is heading. Therefore my strategy is to buy stocks when I have capital. Strategy this simple can't possibly work. Or could it?
One goal this week was to increase my July dividends. My dividends in Jan/Apr/Jul/Oct have been clearly lower than other months. Keeping the payouts balanced over the course of the year is not the most important thing, but if I find interesting quality companies that pay during these months, I'll go for it. And I think I was able to boost those slow months very nicely here.
I don't like to sell stocks. However, I sold my position in BMO this week. I started to diversify to Canada by buying Canadian stocks in NYSE. But I have changed my plan a little bit. If I'm to diversify there, I want to go all the way which means I want to own my Canadian stocks through Toronto Stock Exchange in CAD. Now that I sold my BMO shares, I have a chance to "change the horse", so to say. When I go shopping in Toronto, I think I will go for Royal Bank (RY). From what I have read, there just seems to be slightly more quality than in BMO. And I want a stock that also distributes during month II (second month of a quarter).
Completely new holdings for me are RCI.B, NSC and WPC. Actually I was going to buy Telus, but there is restrictions for foreign ownership in the company and my trade was rejected. A bit funny perhaps, I could buy Telus in NYSE but not in TSE. So, according to my new diversification model, I ended up buying another Canadian telecom, Rogers Communications.
What a wonderful feeling to own piece of a railroad company for the first time in my life! In my home country's exchange such companies don't even exist. I think railroads are a robust business. I now own a whopping 4 shares of Norfolk Southern, but definitely intend to buy more before next ex-dividend date. REITs are being hit hard, and I used this opportunity by initiating position in W.P. Carey. No doubt, the yield is part of the fun here, but there is more like it being well diversified in many aspects.
Here summary of my transactions from June 1 till June 5:
My portfolio page has been updated to reflect these trades.
Full Disclosure: Long all in the sheet except BMO.
What do you think about these transactions?