Contents
This FFJ Portfolio - June 2024 report recaps my investment activity during the month.
In my June 11 FFJ Portfolio Adjustments Before Capital Gains Tax Changes Arrive, I disclose multiple changes to the FFJ Portfolio.
After these changes, drawing a direct comparison with prior periods is of little value. I, therefore, am no longer providing the historical monthly portfolio values for the December 2018 to March 2024 time frame. This information, however, is still accessible through the FFJ Portfolio Holdings section of this site.
I do, however, provide below the value of the portfolio for April and May 2024 to show the extent of my recent changes.
The monthly dividend income going forward will also be radically different from historical levels.
Purchases
I continue to think we are experiencing a 'suspension of disbelief' period in which many investors are replacing reality for magic. I, have, therefore, increased my liquidity in the hope that we experience a sharp broad market correction so I can acquire shares in high quality companies at more favorable valuations.
During June, I made the following purchases.
CME Group (CME)
- 400 shares in a 'Side' account @ ~$198 on June 10 after having sold 340 shares on June 5 @ ~$201.65.
West Pharmaceuticals (WST)
- 100 shares in a 'Core' account @ ~$312.70 on June 18.
Nike (NKE)
- 100 shares in a 'Core' account @ ~$76.26 on June 28.
Dividend Income
I track dividend income even though dividend metrics are of little relevance in my investment decision making process; the monthly dividend income reports are accessible here.
I received the following dividend income in June.
- 'Core' accounts: ~$ 1,784 CDN and ~$ 8,164 USD
- 'Side' accounts: ~$ 1,165 CDN and ~$ 2,294 USD
The dividend income received in March and June reflects variances resulting from some dividend income with a March 29 payment date not being deposited to my account until April 1. The June 28 dividend payments, however, were deposited on a timely basis.
For tax planning purposes, I also transferred shares from a 'Side' account to a new 'Core' account and sold several shares in a particular account.
Going forward, my Canadian dividend income should be dramatically lower since I have deliberately reduced my exposure to Canadian companies in favor of investing in US companies.
Holdings
There is a dramatic reduction in the value of the FFJ Portfolio because of the changes I have made. The difference between the May and June values is currently held in cash.
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
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.
