2 Recent Buys – AQN, FIH.U

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Last week I added to one existing position and initiated a new position.

For the first purchase: I added to my position in Algonquin Power & Utilities Corp (AQN.TO). The stock price has come under a bit of pressure lately, and I managed to add more shares to my sizable position. I added 100 shares @ C$13.00 adding an extra US$46.6 in annual dividends, a yield of 4.38%. I have already detailed various reasons on why I am bullish on this stock, so I will simply point to previous posts on this stock.

Second purchase: I initiated a new position in my portfolio with Fairfax India Holdings Inc (FIH.U.TO). The stock provides exposure to the Indian market, where the economic growth is phenomenal, as India is expected to carry the bastion for global economic growth from China. While the size of Indian economy is not quite the size of China’s there is plenty to like about the Indian economy. Instead of going with an index fund, I decided to choose this as I have been watching this holding company since inception. The holding company is headed by Prem Watsa, touted as Canada’s Warren Buffett, and follows the Berkshire Hathaway model.

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Blockchain – The Next Onslaught of Disruption

The hype of cryptocurrencies has almost reached fever-pitch as commentators see the meteoric rise of Bitcoin as a bubble. Whether it is a bubble or just the start of a new norm, is anyone’s guess. I can see it going both ways, but I have been intrigued enough to start researching it. It has been my focus over the summer, as I try to understand this new space.

While the cryptocurrencies get all the media attention, I have been drawn towards understanding the principles behind the technology itself — Blockchain, and my-oh-my, its a fascinating world! I work in the tech industry and as I learn more about blockchain, I am more excited about this space than anything in the recent past. There are hundreds, if not thousands of startups that are designing and developing this tech that is seeing rapid improvements. I have no doubt in my mind that the next Google or Amazon is being founded right now!

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The Benefits of DRIP and How To Use It

The following is a guest post from Dan@StockTrades.ca

Dividend stocks at one time or another will more than likely become the backbone of your investing portfolio. Especially in your later years, the passive income from your dividend investments can play a pivotal role in your retirement. But if you are a young aspiring investor with a keen eye on early retirement, what is the best thing to do with that dividend check? In my honest opinion, it’s setting up a DRIP plan.

So what exactly is a DRIP plan?

A DRIP, or dividend reinvestment plan is a system set up by your broker,company or financial institution to purchase more stocks with your dividend payouts. The shares are purchased in fractions if your dividend payout is not enough to purchase a whole share. The best way to imagine this is a bucket stopping a leak. Every time water “drips” into the bucket, it fills. Once the bucket is full, you’ve earned a share in that company. You dump the bucket out, and repeat the process.

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Top Dividend Raises & Cuts for August 2017

Dividend growth investing is a popular model followed by the investing community to build assets. Companies which not only pay dividends, but raise them year after year have been shown to perform better overall for investor returns. On the flip side, it is also important to keep an eye on the dividend cuts, which could signal troubling times ahead for a company. This post captures the announcements of changes in dividend amount for the week – both increases and cuts.

Note that only $2B+ (Midcap+) companies are included in this list.

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Passive Income Update – Aug 2017

Welcome to our monthly passive income update for August 2017. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of August 2017 was C$821.17. The passive income for the month comprised of US$296.63 and C$453.35 (exchange rate is US$1 = C$1.24).

Passive income change is -7.4% QoQ and 50.3% YoY for the month. The passive income YTD is $5,656.56 (not a typo 🙂 ) and achieves 56.5% of our annual goal of earning $10K.

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