What To Do In This Complicated Environment? — June 2023 Dividend Income Report

Jul. 21, 2023 1:46 AM ET SPY, XIU:CA

Summary

• My portfolio is up 12.40%, from $197,155.42 on January 2nd, 2023, to $221,602.34 on July 5th before the bell.
• Inflation and higher interest rates are difficult to handle as their impact is long-lasting and takes time to manifest themselves.
• Since the beginning of the year, NTR is on a downtrend mostly related to the same narrative: commodity prices have declined.

Introduction

The author’s dividend growth portfolio has performed well in the past year, despite the challenging market conditions. The author discusses the current investment environment and how to navigate it, and updates their portfolio, including adding Nutrien and selling Algonquin, Enbridge, and VF Corporation. The author concludes by discussing their investment strategy and how they stay focused on their long-term goals.

The Current Investment Environment

The author begins by discussing the current investment environment. They point out that the market is complex and that investors need to be patient and stay focused on their long-term goals. They also note that the market is currently in a state of flux, with inflation and higher interest rates weighing on investor sentiment.

The Author’s Portfolio Update

The author then updates their portfolio. They discuss the stocks they have added and sold, as well as the performance of their Canadian and US portfolios. They note that they have added Nutrien to their portfolio, as they believe that the company is well-positioned to benefit from the current commodity price environment. They have also sold Algonquin, Enbridge, and VF Corporation, as they believe that these companies are no longer good long-term investments.

The Author’s Investment Strategy

The author concludes by discussing their investment strategy. They emphasize the importance of staying invested and staying loyal to their strategy, even in challenging market conditions. They also note that they focus on dividend growth stocks, as they believe that these stocks offer a combination of income and growth potential.

Conclusion

In conclusion, the author is a successful dividend growth investor who has been able to navigate the challenging market conditions of the past year. They offer valuable insights into how to do the same, and I would recommend this article to anyone who is interested in learning more about dividend growth investing.

Additional Thoughts

In addition to the points discussed above, I would like to add a few additional thoughts on the article.

First, I think the author is right to emphasize the importance of staying invested and staying loyal to your strategy. It is easy to get discouraged when the market is down, but it is important to remember that the market always goes up in the long run. If you sell your stocks when the market is down, you are likely to miss out on the eventual recovery.

Second, I think the author’s focus on dividend growth stocks is a wise one. Dividend growth stocks offer a combination of income and growth potential, which can help you to reach your financial goals. If you are looking for a way to build wealth over the long term, I would recommend investing in dividend growth stocks.

Finally, I think the author’s article is a valuable resource for anyone who is interested in learning more about dividend growth investing. The author provides a wealth of information on the topic, and their insights are based on their own experience as a successful investor. If you are new to dividend growth investing, I would highly recommend reading this article.

…

To read full story, clock?below