Recent Buy – Toronto-Dominion Bank

TD Bank

July is turning out to be a month where I am putting a lot of cash to work. This is already my third purchase for the month! Whenever I make a purchase, I like to share my buys to document and illustrate how I am building my income stream over the course of months/years. My main goal is simply to keep investing at regular intervals and build my passive income over the course of time. In staying true to tradition, here’s another purchase in my portfolio adding to an existing position.

I added to my position in Toronto-Dominion Bank (TD.TO) with 25 shares @ C$52.28. The company yields 3.87% adding C$51.00 to my annual passive income.

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Quarterly Update – Q2 2015

Welcome to my quarterly update for Q2 2015. This is part of  a series where I track my progress on a quarterly basis. I present four parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, (iii) Blog Update, and (iv) Goals Update.

1. Investment & Portfolio Update

Q2 2015 saw a small amount of activity in the quarter. Due to the pro-rated dividends from Omega Healthcare (OHI), I missed out on the DRIP this quarter, but nevertheless, I am happy to collect the dividends in cash. I initiated/added to the following positions during the quarter.

During the quarter, I closed my position in:

In my wife’s portfolio, we continued adding to the positions in the following ETFs. Click here to read details about my wife’s portfolio and why we chose the route of index ETFs.

  • BMO S&P/TSX Capped Composite Index ETF (ZCN.TO)
  • Vanguard FTSE All World Ex-Canada Index ETF (VXC.TO)
  • BMO Aggregate Bond Index ETF (ZAG.TO)

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Chatter Around the World – 104

Chatter Around the World is a curated weekly update of articles related to economics, investing, dividends and personal finance. In these weekly updates, I also capture my blog updates and news related to my portfolio holdings.

novelinvestor-sector-returns-1h-2015

Image Source: Novel Investor

Let’s dive into the links that caught my attention this week.

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Recent Buy – Qualcomm Inc

Whenever I make a purchase, I like to share my buys to document and illustrate how I am building my income stream over the course of months/years. My main goal is simply to keep investing at regular intervals and build my passive income over the course of time. In a sort of ways, I am building my own pension, hoping to get to a point where I can simply live off my dividends without touching my principal investment. The current volatility in the market provides an opportunity to pick up shares at attractive valuations which have been hard to find in the past. I decided to put some of my cash to work.

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Qualcomm Inc Dividend Stock Analysis

Qualcomm Inc (QCOM) is the world leader in wireless digital communication products. The company’s products or licenses can be found in almost every mobile device produced in the recent years. As a result, the company’s revenue is diverse and robust. The robust business model has proved to be very profitable as mobile devices have seen explosive growth over the past few years. Whether a consumer chooses iPhone or Android, Qualcomm is a common denominator that always gets a cut, and investors who appreciated this for the past few years have been rewarded. The company is a dividend contender having raised dividends for 13 consecutive years, and a 5-yr dividend growth rate of 19.2%. The China debacle has caused a drag on revenue and earnings and the stock is down 16% YTD. The current price provides attractive valuation for long term investors as the future is mobile and Qualcomm leads the way in everything mobile.

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