Dividend Stocks

[syscal]

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How many transactions are you doing a year? Canadian stock trades can be done with pretty much all brokerages in Canada for under $10 a trade. Some brokers such as Questtrade even have zero transaction fees for ETFs, which matters if you're making frequent transactions. Full service brokers/advisors such as Edward Jones tend to charge higher fees for each stock transaction. Edward Jones may not charge for transactions involving mutual funds, but they will receive trailer fees (essentially sales commissions) which will cut into your returns, on top of the MER fees (typically 1.5 to 2.5% for Canadian mutual funds, and often 1.0% or less for ETFs).

I'm firmly of the view that Edward Jones advisors are never worth it, but I've been investing on my own for sometime now. Buy and hold is the way to go - don't ever get into daytrading - the transaction fees will kill you and it will become a time-consuming full-time job leaving you with little/no time for anything else.

As for my own portfolio, I have many dividend payers that I've held and will continue to hold for the long term. Most are concentrated in telecom (T, BCE, RCI.B), financials (all of the big six banks) and REITs (mostly residential and industrial).

Online brokers have come a long way over the past 5-10 years in terms of the information they provide. I use TD and HSBC for my investment accounts and you can see the purchase price (book value) and dividend payments (under activity or cash history) quite easily. Most companies post the dividend histories on their website, e.g. https://www.telus.com/en/about/inves...nd-information or https://granitereit.com/investors/distributions/

Thanks, to you and everyone responding. Everything I don’t know already gives me a place to start learning. At this point I’m “wealthy barber” level knowledge.

EJ charges $5 flat fee per buy, so $15/mth for three stocks ($5ea), and then 50/yr on top of that. If we increase monthly buys, that doesn’t go up.

[taemo]

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Thanks, to you and everyone responding. Everything I don’t know already gives me a place to start learning. At this point I’m “wealthy barber” level knowledge.

EJ charges $5 flat fee per buy, so $15/mth for three stocks ($5ea), and then 50/yr on top of that. If we increase monthly buys, that doesn’t go up.

Unless the stocks you are going for are monthly dividends, why not just buy one of the 3 stocks per month? Also time them before their ex-div date.

I also started my investing with dividend stocks, it's good for 5-10% gain to keep your wealth above inflation but consider some growth stock as well.
Don't chase high dividend yield as those can be risky, unless you bought them during a market crash (I snagged a lot of financial stocks in March/April when they all crashed 20-30%).
Now I'm 50/50 dividend and growth stock with utilities, financials, reits and telecom being my dividend stocks

[sexualbanana]

I'm mostly into ETFs and insurance stocks where I've just bought and left it. I did keep some money to do some play investing in. I've had a lot of fun buying and selling share of Cenovus the past few years. The only thing I hate is that I bought when I thought it bottomed out in mid-March before it went an additional 50% down to like $2. If I had truly bought at rock bottom, I'd be absolutely laughing right now.

[The_Rural_Juror]

My personal opinion is that dividend paying corps are dumb. If I wanted to withdraw money, I would just sell some shares at capital gains tax rates. Now I have these dribs and drabs all over the place.

Dividends = companies with no ideas on what to do with the capital.

[ExtraSlow]

I don't see a benefit to owning the individual stocks. Pick a dividend ETF you like, and just buy that one item. Should be fewer transactions, and remove some of the mental hassle of tracking stocks yourself and choosing which to add or remove from your portfolio.

[Masked Bandit]

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Thanks, to you and everyone responding. Everything I don’t know already gives me a place to start learning. At this point I’m “wealthy barber” level knowledge.

EJ charges $5 flat fee per buy, so $15/mth for three stocks ($5ea), and then 50/yr on top of that. If we increase monthly buys, that doesn’t go up.

If you're solid on the Wealthy Barber level of personal finance my next suggestion would be all 26 episodes of the Canadian Couch Potato podcast and forget individual stocks ever existed. Get out of EJ, get self-directed into index funds / ETFs and leave stocks to the gamblers.

[digi355]

See you in another 10... Until then, stay diversified, trust the index and buy ETFs.

[phreezee]

In Canada, banks (up and down) and utilities (relatively stable), mostly boring unless you bought end of March.
For ETFs, I like Vanguard and Brookfield. Trending/emerging markets/industries can net you both growth and income, BEP.UN has been my best performer over the past 2 years.

[The_Rural_Juror]

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I don't see a benefit to owning the individual stocks.

[ExtraSlow]

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The explains it better than I could yes. I agree. Which is why I don't stonk.

[The_Rural_Juror]

If you buy an ETF, you are just paying someone else to stonk poorly for you.

[phreezee]

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See you in another 10... Until then, stay diversified, trust the index and buy ETFs.

Diversification actually cost me a lot of money this year. I sold something because I thought I should diversify, and it mooned bigly. Thank God I held on to 60% of it.

"Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing."

[The_Rural_Juror]

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See you in another 10... Until then, stay diversified, trust the index and buy ETFs.

NoOOOOooooo stop lurking!

[max_boost]

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I don't see a benefit to owning the individual stocks.

lol you don't and I don't but the reason I don't is cuz I get scared easily

I bought a ton of ARKK back in July and up 40% lol it was mostly for Tesla exposure lol should have just bought Tesla instead and be up 100%

Ya know what I am saying bro

[ExtraSlow]

I feel ya bro, but you can't bavk-test your choices like that.

[The_Rural_Juror]

ARKK's great but it was pretty clear who their top holding was. Like I've said before. Some of yaw hate money. You let your hatred cloud your judgement.

[max_boost]

To think once upon a time I was a gambling man who would make 50k bets on HOU/HOD

Now I am just a lol

[The_Rural_Juror]

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To think once upon a time I was a gambling man who would make 50k bets on HOU/HOD

Now I am just a lol

Is that your first humblebrag this decade?

[max_boost]

lol

[Thaco]

i listened to couch potato til like the 4th ep where he said, dont waste your time til your mortgage is paid off... that pretty much told me what i already knew, i am not sitting down for the next 15 years.