Portfolio Update – Down 0.42% in December 2014

My portfolio balances at close of trading on 31st December were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 110.00

-0.34%

3.9%

BBD.B $ 4.15

-4.82%

3.8%

BCE.TO $ 53.28

-0.11%

3.7%

BMO.TO $ 82.18

-2.00%

4.0%

CM.TO $ 99.84

-6.24%

3.5%

CSU.TO $ 345.44

4.19%

3.5%

CVE.TO $ 23.97

-6.62%

2.9%

ENB.TO $ 59.74

13.79%

4.0%

FTS $ 38.96

-4.06%

4.2%

HSE $ 27.50

13.73%

2.7%

MFC.TO $ 22.18

-2.59%

4.0%

NA $ 49.44

-6.95%

3.8%

POT.TO $ 41.07

4.48%

3.6%

POW $ 31.76

-2.07%

3.8%

RCI.B $ 45.17

-1.31%

3.5%

RY.TO $ 80.24

-3.51%

3.9%

SJR.B $ 31.35

1.55%

4.1%

SLF.TO $ 41.92

-1.20%

4.1%

SU.TO $ 36.90

2.19%

3.1%

T.TO $ 41.89

-3.21%

3.7%

TCK.B $ 15.88

-9.98%

2.3%

SCTY $ 62.15

-1.13%

2.2%

TRP.TO $ 57.10

4.87%

4.0%

XBB $ 31.46

0.25%

7.7%

XSP $ 23.74

-1.12%

7.3%

Cash

2.7%

Total

100.0%

Overall my portfolio is down 0.42% since last month. There were no cash contributions. For comparison my TI Index is down 0.49%, the DOW is down 0.03% and the TSX is down 0.76%. My investments are down but performed well against the TI index and the TSX.

Winners this month include Constellation Software (CSU.TO) up 4.19%, Enbridge (ENB.TO) up 13.79%, Husky (HSE.TO) up 13.73% and Potash Corp (POT.TO) up 4.48%.

Losers include Bombardier (BBD-B.TO) down 4.82%, CIBC (CM.TO) down 6,24%, Cenovus (CVE.TO) down 6.62%, National Bank (NA.TO) down 6.95% and Teck Resources (TCK-B.TO) down 9.98%.

Screen Shot 2015-01-01 at 7.11.34 PM

Portfolio Update – Up 3.07% in November 2014

My portfolio balances at close of trading on 28th November were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 110.38

0.10%

3.9%

BBD.B $ 4.36

17.52%

3.9%

BCE.TO $ 53.34

6.57%

3.7%

BMO.TO $ 83.86

2.61%

4.1%

CM.TO $ 106.49

3.50%

3.7%

CSU.TO $ 331.56

4.43%

3.4%

CVE.TO $ 25.67 n/a

3.1%

ENB.TO $ 52.50

-1.56%

3.5%

FTS $ 40.61

10.59%

4.4%

HSE $ 24.18

-11.14%

2.4%

L.TO $ 61.51

4.75%

0.0%

MFC.TO $ 22.77

6.45%

4.1%

NA $ 53.13

0.85%

4.1%

POT.TO $ 39.31

2.18%

3.4%

POW $ 32.43

9.05%

3.8%

RCI.B $ 45.77

8.00%

3.5%

RY.TO $ 83.16

3.94%

4.1%

SJR.B $ 30.87

6.67%

4.0%

SLF.TO $ 42.43

5.84%

4.1%

SU.TO $ 36.11

-9.77%

3.0%

T.TO $ 43.28

7.16%

3.8%

TCK.B $ 17.64

-0.95%

2.5%

SCTY $ 62.86 n/a

2.2%

TRP.TO $ 54.45

-1.98%

3.8%

XBB $ 31.38

1.23%

7.7%

XSP $ 24.01 n/a

7.4%

Cash

2.5%

Total

100.0%

Overall my portfolio is up 12.49% since last month. Excluding cash contributions the portfolio is up 3.07%. For comparison my TI Index is up 2.24%, the DOW is up 2.52% and the TSX is up 0.90%. My investments are up and performed well against all indexes.

Winners this month include Bombardier (BBD-B.TO) up 17.52%, BCE (BCE.TO) up 6.57%, Constellation Software (CSU.TO) up 4.43%, Fortis (FTS.TO) up 10.59%, Manulife (MFC.TO) up 6.45%, Power Corp (POW.TO) up 9.05%, Rogers (RCI-B.TO) up 8.00%, Shaw (SJR-B.TO) up 6.67%, and Telus (T.TO) up 7.16%.

Losers include Husky (HSE.TO) down 11.14%, and Suncor (SU.TO) down 9.77%. Screen Shot 2014-11-30 at 3.48.08 PM

Portfolio Update – Up 1.12% in October 2014

My portfolio balances at close of trading on 31st October were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 110.27

10.76%

4.3%

BBD.B $ 3.71

-1.59%

3.8%

BCE.TO $ 50.05

4.51%

3.9%

BMO.TO $ 81.73

-0.85%

4.5%

BNS.TO $ 69.02

-0.36%

0.0%

CM.TO $ 102.89

2.29%

4.0%

CSU.TO $ 317.50

12.79%

4.6%

ENB.TO $ 53.33

-0.52%

4.0%

FTS $ 36.72

6.07%

4.5%

HSE $ 27.21

-11.48%

3.0%

L.TO $ 58.72

4.76%

5.1%

MFC.TO $ 21.39

-0.70%

4.3%

NA $ 52.68

3.23%

4.5%

POT.TO $ 38.47

-0.80%

3.8%

POW $ 29.74

-4.31%

4.0%

RCI.B $ 42.38

1.10%

3.7%

RY.TO $ 80.01

-0.05%

4.4%

SJR.B $ 28.94

5.43%

4.2%

SLF.TO $ 40.09

-1.26%

4.4%

SU.TO $ 40.02

-1.26%

3.8%

T.TO $ 40.39

5.62%

4.0%

TCK.B $ 17.81

-16.03%

2.9%

TD.TO $ 55.47

0.36%

0.0%

TRP.TO $ 55.55

-3.69%

4.4%

XBB $ 31.00

0.39%

8.5%

Cash

1.6%

Total

100.0%

Overall my portfolio is up 1.12% since last month. There were no cash contributions. For comparison my TI Index is down 0.26%, the DOW is up 2.04% and the TSX is down 2.32%.

My investments are up and performed well against most indexes, except the DOW.

Winners this month include Agrium (AGU.TO) up 10.76%, BCE (BCE/TO) up4.51%, Constellation Software (CSU.TO) up 12.79%, Fortis (FTS.TO) up 6.07%, Shaw (SJR-B.TO) up 5.43%.

Losers include Husky (HSE.TO) down 11.48%, Power Corp (POW.TO) down 4.31% and Teck Resources (TCK-B.TO) down 16.03%.

Screen Shot 2014-11-01 at 9.30.48 AM

Portfolio Update – Down 1.58% in September 2014

My portfolio balances at close of trading on 3oth September were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 99.56

-3.17%

4.0%

BBD.B $ 3.77

3.01%

3.9%

BCE.TO $ 47.89

-2.17%

3.8%

BMO.TO $ 82.43

-1.47%

4.6%

BNS.TO $ 69.27

-3.85%

0.0%

CM.TO $ 100.59

-3.20%

4.0%

CSU.TO $ 281.49

4.46%

4.1%

ENB.TO $ 53.61

-1.14%

4.0%

FTS $ 34.62

3.28%

4.3%

HSE $ 30.74

-7.13%

3.4%

L.TO $ 56.05

3.41%

4.9%

MFC.TO $ 21.54

-1.87%

4.4%

NA $ 51.03

-2.45%

4.5%

POT.TO $ 38.78

1.54%

3.8%

POW $ 31.08

-3.00%

4.2%

RCI.B $ 41.92

-5.42%

3.7%

RY.TO $ 80.05

-0.89%

4.4%

SJR.B $ 27.45

0.22%

4.0%

SLF.TO $ 40.60

0.42%

4.5%

SU.TO $ 40.53

-9.19%

3.9%

T.TO $ 38.24

-3.56%

3.8%

TCK.B $ 21.21

-14.09%

3.5%

TD.TO $ 55.27

-3.46%

0.0%

TRP.TO $ 57.68

-1.28%

4.6%

XBB $ 30.88

-0.99%

8.6%

Cash

1.3%

Total

100.0%

Overall my portfolio is down 1.58% since last month. There were no cash contributions. For comparison my TI Index is down 2.56%, the DOW is down 0.32% and the TSX is down 4.26%.

My investments are down but performed well against most indexes, especially the TSX.

Winners this month include Bombardier (BBD.TO) up 3.01%, Constellation Software (CSU.TO) up 4.46%, and Fortis (FTS.TO) up 3.28%, and Lowblaws (L.TO) up 3.41%.

Losers this month include Teck Resources (TCK.TO) down 14.09%, Husky (HSE.TO) down 7.13%, Rogers (RCI-B.TO) down 5.42% and Suncor (SU.TO) down 9.19%.

The pattern here seems to be a general decline in resources stocks.

Screen Shot 2014-10-17 at 4.45.37 PM

Portfolio Update – Up 2.98% in July 2014

My portfolio balances at close of trading on 31st July were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $ 99.40

1.69%

3.9%

BBD.B $ 3.73

-1.06%

3.8%

BCE.TO $ 49.38

2.02%

3.9%

BMO.TO $ 81.27

3.42%

4.5%

BNS.TO $ 74.01

4.03%

0.0%

CM.TO $ 101.21

4.23%

4.0%

CSU.TO $ 259.00

-4.77%

3.8%

ENB.TO $ 53.45

5.57%

4.0%

FTS $ 33.55

3.33%

4.1%

HSE $ 33.17

-3.74%

3.7%

L.TO $ 53.63

12.62%

4.7%

MFC.TO $ 22.28

5.04%

4.5%

NA $ 48.80

7.82%

4.2%

POT.TO $ 38.71

-4.61%

3.8%

POW $ 32.08

8.20%

4.3%

RCI.B $ 42.58

-0.84%

3.7%

RY.TO $ 80.47

5.49%

4.5%

SJR.B $ 26.72

-2.34%

3.9%

SLF.TO $ 41.57

5.99%

4.6%

SU.TO $ 44.77

-1.60%

4.3%

T.TO $ 38.06

-4.30%

3.8%

TCK.B $ 26.13

7.27%

4.2%

TD.TO $ 57.02

3.80%

0.0%

TRP.TO $ 54.70

7.40%

4.3%

XBB $ 30.96

0.23%

8.6%

Cash

0.8%

Total

100.0%

Overall my portfolio is up 2.98% since last month. There were no cash contributions. For comparison my TI Index is up 0.13%, the DOW is down 1.56% and the TSX is up 1.22%.

My investments are up and performed very well against all indexes.

Winners this month include Bank of Montreal (BMO.TO) up 3.42%, CIBC (CM.TO) up 4.23%, Enbridge (ENB.TO) up 5.57%, Fortis (FTS.TO) up 3.33%, Loblaws (L.TO) up 12.62%, Manulife (MFC.TO) up 5.04%, National Bank (NA.TO) 7.82%, Power Corp (POW.TO) 8.20%, Royal Bank (RY.TO) up 5.49%, Sun Life (SLF.TO) up 5.99, and TransCanada (TRP.TO) up 7.40%.

Losers this month include Constellation Software (CSU.TO) down 4.77%, Husky (HSE.TO) down 3.74%, Potash (POT.TO) down 4.61%, and Telus (T.TO) down 4.30%.

Screen Shot 2014-08-10 at 1.04.30 AM

Portfolio Update – Up 1.72% in June 2014

My portfolio balances at close of trading on 30th June were:

Ticker

Price (C$)

Price Change

Percentage

AGU.TO $97.75

0.40%

4.0%

BBD.B $3.77

2.17%

4.0%

BCE.TO $48.40

-2.89%

3.9%

BMO.TO $78.58

3.02%

4.5%

BNS.TO $71.14

2.17%

0.0%

CM.TO $97.10

1.51%

4.0%

CSU.TO $271.96

11.00%

4.1%

ENB.TO $50.63

-1.75%

3.9%

FTS $32.47

-0.22%

4.1%

HSE $34.46

-5.77%

3.9%

L.TO $47.62

4.20%

4.3%

MFC.TO $21.21

6.85%

4.4%

NA $45.26

-0.53%

4.1%

POT.TO $40.58

3.13%

4.1%

POW $29.65

1.61%

4.1%

RCI.B $42.94

-2.01%

3.9%

RY.TO $76.28

2.20%

4.4%

SJR.B $27.36

1.37%

4.1%

SLF.TO $39.22

6.87%

4.5%

SU.TO $45.50

9.03%

4.5%

T.TO $39.77

-2.88%

4.1%

TCK.B $24.36

0.79%

4.1%

TD.TO $54.93

2.18%

0.0%

TRP.TO $50.93

0.89%

4.2%

XBB $30.89

1.05%

8.8%

Cash    

0.3%

Total    

100.0%

Overall my portfolio is up 1.72% since last month. There were no cash contributions.  For comparison my TI Index is up 2.02%, the DOW is up 0.65% and the TSX is down 3.71%.

My investments are up and performed well against the DOW, but poorly against the TSX and the TI Index.

Winners this month include Bank of Montreal (BMO.TO) up 3.02%, Constellation Software (CSU.TO) up 11.00%, Loblaws (L.TO) up 4.20%, Manulife (MFC.TO) up 6.85%, Potash Corp (POT.TO) up 3.13%, Sunlife (SLF.TO) up 6.87%, and Suncor (SU.TO) up 9.03%.

Losers this month include Husky (HSE.TO) down 5.77%.

Screen Shot 2014-06-30 at 3.00.57 PM

Beating the TSX in 2013

Back in March 2012 I performed an analysis of the Beating the TSX portfolio. I thought it might be time to take another look.  Here is the methodology:

  • Begin with the TSX60 stocks.
  • Remove any stocks with a dividend of less than 3%. This minimizes the number of stocks I need to analyze.
  • Remove any stocks that might have an unsustainable dividend. For this I remove any stock with a payout ratio above 1.2 (equivalent to a coverage of less than 83%). I also remove any former trusts.
  • Finally, select the ten stocks with the highest dividends.

The analysis looks like this:

Screen Shot 2013-02-07 at 7.52.59 PM

The resulting list is as follows.

  1. BCE Inc.
  2. Bank of Montreal
  3. Canadian Imperial Bank Of Commerce
  4. Power Corporation of Canada
  5. National Bank of Canada
  6. Shaw Communications Inc.
  7. Bank of Nova Scotia (The)
  8. Husky Energy Inc.
  9. Royal Bank of Canada
  10. TELUS Corporation

Interestingly, four of the companies on the earlier list have fallen off as they no longer have a sustainable payout ratio.  These decliners are:

  • Manulife Financial Corporation
  • Sun Life Financial Inc.
  • TransAlta Corporation
  • Thomson Reuters Corporation