Hi guys, it’s been a while… I’ve been pretty busy with my new job recently. There is a lot to learn and I don’t have a degree in the domain (usually accountants are doing the job they gave me) so I have to study a lot to be able to follow what they are trying to teach me.
I feel a little down these days too. I don’t get enough sleep. It’s gray and freaking cold and I feel pretty stressed about that job. I will have to perform and learn that job very fast if I don’t want to be laid off and honestly, I don’t like the job they gave me so it’s hard to find motivation… Too much paperwork… it’s too micro… I will need to take my car to go see customers and handle hard negotiation processes… I was elsewhere in my career and I feel like if I was starting over at the bottom of the ladder… not cool! But it could have been a lot worse.
Anyways. That’s why I haven’t been very active here. Also, just to frustrate me even more, I have a problem with Aksimet. It seems that someone or a couple of persons out there have flagged me as a spammer. The weird thing here is that I don’t spam so I don’t know who did that or why but I can’t comment on any blog using aksimet anymore (hundreds of millions of blogs)… This prevents me from commenting on most of the blogs I use to comment on in the dividend growth investing community including Jason Fieber’s blog even though he unlisted me from his spam folder where his spam prevention software automatically sent me in.
I have contacted them to get my name unflagged. They gave me a very quick response and took me off their spammer list so that was really great service from them. But… it lasted only for a week or two as I still can’t comment anywhere again… I’m not really happy with that since I can’t reach out in the community anymore. I’ve been blogging here for a year, have put a lot of energy and time in that website only to get banned for a reason I can’t explain… it’s really frustrating and it demotivates me a lot honestly. I don’t feel like starting over with a new dot com and Aksimet told me that they would only unban me once.
I think it’s a little too much power in the hands of a few people… maybe someone is using my name to spam… who knows? And I get penalized. I don’t know if it’s a permanent or temporary ban so I guess I’ll wait and see.
I don’t know who flagged me and why but I’d like to know. I’m really sorry if someone was harmed or offended by one of my comment but that person could have told me instead of flagging me as a spammer. I’m not a bad guy and I have no intention to hurt people. And even though I’d like to make money online, I wouldn’t use black hat or dishonest methods to do so.
So if you don’t hear from me on your blog anymore well… you know why. I can’t comment anymore.
Anyways… back to business. As you might know if you came here before, my goal is to retire early at or before my 45th birthday and in order to reach my goal I mainly invest in dividend growth stocks. Now it seems that with every month passing by I feel even more the urge to reach my goal as fast as possible. I can’t wait to be financially free to get more control over my life.
So, yesterday I bought 24 TD banks shares at 50,54$ CAN that I will hold in my tax free saving account. This adds 45,12$ CAN net or 0,12$ per day to my dividend income. This brings my forward daily income to 1,88$ US and 1,03$ CAN or 1064,50$ per year. It does not take into account the exchange rate which currently favors me for the dividend income but which is against me for buying new shares in US funds… Nothing is ever perfect in life!
Given the current circumstances I might focus more on Canadian stocks for a while. The canadian dollar is not doing great recently…
Also, while my forward dividend income is still above 1000$ per year, it is still lower than what it was two months ago. This is due in part to the ARCP mess where I lost a lot of income and even though I still own a 100 shares of that REIT, they recently announced a dividend halt so I have put zero in my forward income column for now. I also “lost” some income with the Tim Hortons/Burger King deal since part of my shares were converted into new shares of Restaurant Brands Intl and they don’t pay a dividend for now. I could sell them with a profit and buy dividend growth stocks with the profit but I prefer to keep the shares for now…
I really have a hard time selling stocks… This is something I will have to overcome eventually. But it is really due to something deep in my personality. I get attached to things, people, places and animals and have a hard time getting rid of something or even someone… it’s almost a personality disorder! 🙂 We are all crazy in a way…
Anyways, things are moving up again and that’s positive!
I should also receive a great tax return, a 6,5% raise and a bonus by the end of may so this should bring a lot (I expect near 10k) of fresh money into my brokerage account and help me boost that dividend income. I’d like it to reach at least 2000$ per year by the end of 2015. But, until may, I might not be able to buy stocks more than once a month and for 1500$ or less per month… But at least, every buy brings me closer to my final destination.
Now about TD bank… Well, what can I say? It’s a great bank for sure. They have paid a dividend every year since 1857 and they have raised it almost every year over at least the past decade. In fact they raised the dividend every year since 2009 and between 2008 and 2009, the dividend has been maintained at the same level for two consecutive years which is not bad considering that we were experiencing one of the biggest market crash in history.
At current price, it sells at a p/e, price/sales and price/cashflow below its 5 years averages. And its dividend yield at 3,7% is well above its 3,3% five years average too.
Its five years dividend growth rate, which includes 2008-2009, has been at 6,5% per year while its 3 years and 10 years average rates have been at 9,9% and 10,8%. So, overall, TD as a great record even though it didn’t raise the dividend for one year during the crash.
Its balance sheet is strong, the payout ratio is reasonable and I like the dividend history here.
I was looking to buy shares of TD bank for a while and I’m pretty happy with my buy.
Did you buy anything in january yet?