Only opened at the start of the month, two stocks have already been dropped. Both brought in a small profit but both seemed poor choices for a retirement portfolio. One, Norbord, has too many questions swirling about it. Will it cut its dividend? Will the price drop with such a cut? Will housing rebound in the States in 2015. The other, Tech Resources, is a mining operation which is now enduring a strike at a South American mine.
I have added one company to my portfolio with some of the free cash: Precision Drilling. The dividend yield is a little low at 3.1 percent, but the payout ratio is also low. I get worried when the payout ratio climbs above 100 percent. No concern here.
A solid company, in my estimation, it has been on my radar for a long time. The price now is depressed compared to historic values. It may drop farther but it still seemed like a fair time to add a little exposure. I've done well with drillers in the past and this one looks better than some of those others that I owned.
Read more about this latest portfolio and its allocation: Stepping Up to the Imaginary Plate.
|Keeping up with the TSX but with less volatility. I'll keep fine tuning.|
Stocks (about 1.8 or 1.9 percent in each):
- Ag Growth International Inc (AFN)
- Baytex Energy Corp (BTE)
- Dream Office REIT (D.UN)
- Glentel Inc (GLN)
- Mullen Group Ltd (MTL)
- Northland Power Inc (NPI)
- PHX Energy Services Corporation (PHX)
- Precision Drilling (PD)
- Rogers Sugar Inc (RSI)
- Savanna Energy Services Corp (SVY)
- Whitecap Resources Inc (WCP)
- iShares International Select Dividend ETF (IDV) -- 7.5 percent
- First Trust Morningstar Dividend Leaders Index Fund (FDL) -- 7.5 percent
- iShares Select Dividend ETF (DVY) -- 7.5 percent
- iShares Mortgage Real Estate Capped ETF (REM) -- 1.8 percent
- UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL) [Actually, an Exchanged Traded Note: an ETN.] -- half a percent
- TD Monthly Income fund (TDB622)
- CIBC Monthly Income fund (CIB512)