Contents
Another month has flown by thus triggering this FFJ Portfolio - December 2024 report; all monthly reports are accessible here.
Purchases
I increased my exposure to 4 existing holdings in 'Core' accounts in the FFJ Portfolio and initiated a position in Cintas (CTAS) in one of the 'Side' accounts.
Nike (NKE)
- 200 shares @ ~$78.48 on December 3. My NKE exposure within the FFJ Portfolio is 1133 shares.
Danaher (DHR)
- 100 shares @ ~$233.97 on December 9. My DHR exposure within the FFJ Portfolio is 700 shares.
Becton Dickinson (BDX)
- 100 shares @ ~$227.56 on December 13. My BDX exposure within the FFJ Portfolio is 536 shares.
HEICO (HEI-a)
- 300 shares @ ~$190.71 on December 18. My HEI-a exposure within the FFJ Portfolio is 900 shares. There are also another 400 shares within a 'Side' account.
Cintas (CTAS)
- 300 shares @ ~$185.09 on December 19.
- 200 shares @ ~$183.76 on December 31.
My CTAS exposure within the FFJ Portfolio is 500 shares.
Sales
None.
Dividend Income
Dividend metrics are of little relevance in my investment decision making process. My interest lies in an investment's TOTAL potential investment return. In many cases, the preferred means by which a company can allocate its capital is to:
- reinvest in the business
- repurchase shares
- merger or acquire
Nevertheless, I track dividend income and make this information accessible here.
The dividend income received in December is:
- 'Core' accounts: ~$ 1,767 CDN and ~$ 9,856 USD
- 'Side' accounts: ~$ 274 CDN and ~$ 1,569 USD
The dividend income received in 2024 is:
- 'Core' accounts: ~$ 16,085 CDN and ~$ 52,244 USD
- 'Side' accounts: ~$ 13,522 CDN and ~$ 17,725 USD
versus what was generated in 2023.
- 'Core' accounts: ~$ 22,661 CDN and ~$ 41,574 USD
- 'Side' accounts: ~$ 26,534 CDN and ~$ 23,609 USD
The drop in dividend income relative to 2023 is because I made various changes to the FFJ Portfolio in mid-2024 based on advice from our tax accountants. Our circumstances are such that companies with attractive dividend metrics hold little appeal. As a result, many of our holdings may have little appeal to investors seeking income.
Holdings
In prior recent FFJ Portfolio monthly posts I explain why the value of the 'Side' accounts component of the portfolio experienced a dramatic reduction in value in June 2024.
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
August 2024
Core Accounts: ~$ 598,631 CDN and ~$ 4,368,140 USD
Side Accounts: ~$ 27,470 CDN and ~$ 931,443 USD
Total: ~$ 626,101 CDN and ~$ 5,299,583 USD
September 2024
Core Accounts: ~$ 620,426 CDN and ~$ 4,428,345 USD
Side Accounts: ~$ 32,226 CDN and ~$ 953,814 USD
Total: ~$ 652,652 CDN and ~$ 5,382,159 USD
October 2024
Core Accounts: ~$ 617,739 CDN and ~$ 4,411,985 USD
Side Accounts: ~$ 37,230 CDN and ~$ 960,683 USD
Total: ~$ 654,969 CDN and ~$ 5,372,668 USD
November 2024
Core Accounts: ~$ 649,920 CDN and ~$ 4,786,925 USD
Side Accounts: ~$ 40,476 CDN and ~$ 1,026,183 USD
Total: ~$ 690,396 CDN and ~$ 5,813,108 USD
December 2024
Core Accounts: ~$ 628,504 CDN and ~$ 4,670,202 USD
Side Accounts: ~$ 39,292 CDN and ~$ 1,066,098 USD
Total: ~$ 667,796 CDN and ~$ 5,736,300 USD
NOTE: The above values exclude investments in several tax-efficient accounts for which I do not disclose details.
Final Thoughts
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.
