scomac wrote: ↑
04 Oct 2017 12:56
Shakespeare wrote: ↑
04 Oct 2017 09:11
Say hello to John Heinzl’s new Yield Hog dividend portfolio - The Globe and Mail
From the text, included are
22 securities $100K
FTS, AQN, TRP, PZA, AW.UN, CRT.UN, DGRO-N, XIU, EMA
plus others not identified (banks, telecoms, etc.)
The full list:
Code: Select all
COMPANY TICKER BOOK VALUE $*** GAIN/LOSS % YIELD %
Algonquin Power & Utilities Corp.* AQN-T
5,276.00 0% 4.41%
A&W Revenue Royalties Income Fund* AW.UN-T
3,297.00 0% 4.84%
BCE Inc.* BCE-T
4,092.20 0% 4.91%
Brookfield Infrastructure Partners LP* BIP-UN-T
5,382.00 0% 4.03%
Bank of Montreal* BMO-T
4,721.50 0% 3.81%
Canadian Apartment Properties REIT* CAR.UN-T
4,047.60 0% 3.79%
Canadian Imperial Bank Of Commerce* CM-T
4,366.80 0% 4.76%
Capital Power Corp.* CPX-T
3,947.20 0% 6.77%
CT REIT* CRT.UN-T
3,472.50 0% 5.04%
Canadian Utilities Ltd.* CU-T
3,875.00 0% 3.69%
iShares Core Dividend Growth ETF* DGRO-N
5,063.94 0% 2.29%
Emera Inc.* EMA-T
4,726.00 0% 4.42%
Enbridge Inc.* ENB-T
5,212.00 0% 4.68%
Fortis Inc.* FTS-T
4,478.00 0% 3.57%
Manulife Financial Corp.* MFC-T
4,555.80 0% 3.24%
Pizza Pizza Royalty Corp.* PZA-T
3,312.00 0% 5.17%
Canadian REIT* REF.UN-T
4,613.00 0% 4.05%
Royal Bank Of Canada* RY-T
4,827.00 0% 3.77%
Telus Corp.* T-T
4,488.00 0% 4.39%
Toronto-Dominion Bank* TD-T
4,917.50 0% 3.42%
TransCanada Corp.* TRP-T
4,933.60 0% 4.05%
iShares S&P/TSX 60 Index ETF* XIU-T
6,366.25 0% 2.68%
As much as my job sucks, I would hate to be Norm or Heinzl (although I respect them both). What a crappy job writing articles to pander to people's desperate need for investment guidance!
Regarding the list, it doesn't seem too tax efficient (BIP.UN, DGRO-N, all that REIT stuff). I know: don't let the tax tail wag the dog.. but, still..
I personally don't like food stocks (too whimsical): pizza and burgers.
I don't like the weightiness of the reits.
I don't like the cop-out of XIU-T: seriously, choose some proper dividend growth stocks - you've got a lot of overlap of your individual choices with this ETF.
I hate insurance companies like MFC: too convoluted.
Also I'm suspect of AQN. Why? Because Emera sold their stake in them, they had that accounting kerfuffle, and the CEO felt the need to come out and say "don't worry about Trump, renewables are here to stay": smacks of desperation to me and I don't want that in a buy-and-hold decision.
My overall grade would be: meh.
Could have done better but a paycheck is a paycheck, right?
"A dividend is a dictate of management. A capital gain is a whim of the market."