Contents
This FFJ Portfolio - July 2024 report recaps my investment activity during the month.
As disclosed in my FFJ Portfolio - June 2024 post, I have made multiple changes to the FFJ Portfolio because of changes to the tax treatment of capital gains in Canada. One of these changes entailed the sale of all shares within a specific 'Side' account. Given these changes, a direct comparison with the historical portfolio and dividend income is no longer appropriate.
I must now rebuild this particular account.
Purchases
During the month of July I made the following purchase in a 'Core' account:
West Pharmaceuticals (WST)
- 100 shares @ ~$285.475 on July 29. My rationale for increasing my WST exposure is explained in this July 27 post.
In June, I started to deploy the cash I had raised in the specific 'Side' account with the purchase of 400 CME Group (CME) shares @ ~$198 on June 10 after having sold 340 shares on June 5 @ ~$201.65.
In July, I made the following purchases through this same 'Side' account.
Visa (V)
- 300 shares @ ~$255.66 on July 24. This account has never had V exposure.
Mastercard (MA)
- 300 shares @ ~$432.05 on July 25. This replaces the 300 shares I sold @ $444.24 on June 5.
Dividend Income
I track dividend income even though dividend metrics are of little relevance in my investment decision making process.
A dramatic drop in my dividend income was to be expected from all the changes made; the monthly dividend income reports are accessible here.
The dividend income received in July is:
- 'Core' accounts: ~$ 192 CDN and ~$ 1,502 USD
- 'Side' accounts: ~$ 0 CDN and ~$ 177 USD
Holdings
The cash held for deployment is significantly greater than historical levels because of the changes I have made; cash is not included in the figures reflected below.
April 2024
Core Accounts: ~$ 739,787 CDN and ~$ 3,540,445 USD
Side Accounts: ~$ 606,667 CDN and ~$ 1,696,869 USD
Total: ~$ 1,346,454 CDN and ~$ 5,237,314 USD
May 2024
Core Accounts: ~$ 569,237 CDN and ~$ 3,642,078 USD
Side Accounts: ~$ 299,732 CDN and ~$ 1,784,750 USD
Total: ~$ 868,969 CDN and ~$ 5,426,828 USD
June 2024
Core Accounts: ~$ 553,777 CDN and ~$ 3,965,820 USD
Side Accounts: ~$ 0 CDN and ~$ 630,943 USD
Total: ~$ 553,777 CDN and ~$ 4,596,763 USD
July 2024
Core Accounts: ~$ 598,271 CDN and ~$ 4,218,120 USD
Side Accounts: ~$ 0 CDN and ~$ 881,679 USD
Total: ~$ 598,271 CDN and ~$ 5,099,799 USD
NOTE: The above values exclude investments in several tax-efficient accounts for which I do not disclose details.
Final Thoughts
I remain cautiously optimistic we will experience a broad market correction, and therefore, I am not aggressively adding to my existing positions.
That's it for now.
I wish you much success on your journey to financial freedom.
Note: Please send any feedback, corrections, or questions to [email protected].
Disclaimer: I do not know your circumstances and am not providing individualized advice or recommendations. I encourage you to make all investment decisions through research and due diligence. You should also consult your financial advisor where appropriate.
I wrote this article myself and it expresses my own opinions. I am not receiving compensation for it and have no business relationship with any company whose stock is mentioned in this article.
