the moneygardener: November 2010

Friday, November 5, 2010

utilities increasing dividends

Energy distributor, Inter Pipeline Fund (IPL.UN) and telecommunications firm Telus (T.A) have both hiked their dividends. Telus by 5% and Inter Pipeline by about 7%. These two companies are both considered utilities. It is very nice to receive every increasing cash dividends from these two stable firms.

some background

My wife and I are both 31, we contribute to RRSPs, containing low cost mutual funds. We're set up financially for retirement; but what fun is that?

So we decided to start a non-registered portfolio that we can actually reap some benefit from before we move to Florida and join a shuffleboard league. We are building a non registered portfolio for our family's future. The Overriding Goal is to Make Money Less Important in our Lives. Not to be cliché, but one might use the word 'FREEDOM'.

I'll document our progress on the moneygardener while taking the stock market, business happenings, and financial life in stride.

non reg. portfolio

Updated July 1, 2010
Toronto Dominion Bank (TD) 12%
Inter Pipeline (IPL.UN) 7%
Sun Life Financial (SLF) 7%
Husky Energy (HSE) 6%
Bank of Nova Scotia (BNS) 6%
IGM Financial (IGM) 5%
Sysco (SYY) 5%
Procter & Gamble (PG) 5%
Reitmans (RET.A) 5%
Canadian Oil Sands (COS) 5%
General Electric (GE) 4%
Walgreen Co. (WAG) 4%
Yellow Pages Inc. (YLO.UN) 4%
Royal Bank of Canada (RY) 3%
Johnson & Johnson (JNJ) 3%
Canadian Pacific Rail (CP) 3%
Leon's Furniture (LNF) 3%
Clorox Company (CLX) 2%
Telus (T.A) 2%
Fortis Inc. (FTS) 2%
Diageo PLC (DEO) 2%
Manulife Financial (MFC) 1%
Bank of America (BAC) 1%
Cash 0%