FFJ Portfolio - October 2022 Report

This brief FFJ Portfolio - October 2022 Report recaps what occurred with our investments in October.

Dividend Income

I made no outright purchases in October but received dividend income from the following companies.

  • Automatic Data Processing (ADP)
  • Broadridge Financial Solutions (BR)
  • Danaher (DHR)
  • Diageo (DEO)
  • Ecolab (ECL)
  • FedEx (FDX)
  • Genuine Parts (GPC)
  • Merck (MRK)
  • Nike (NKE)
  • Stryker (SYK)
  • The Coca-Cola Company (KO)
  • TotalEnergies (TTE)
  • BCE (BCE.to)
  • Canadian Pacific Railway (CP.to)
  • SMART Centres Real Estate Investment Trust (SRU-UN.to)
  • The Bank of Nova Scotia (BNS.to)
  • The Canadian Imperial Bank of Commerce (CM.to)
  • The Toronto Dominion Bank (TD.to)

Divestitures

As part of our RRSP meltdown strategy, I liquidated some shares in the following companies.

  • Becton Dickinson (BDX)
  • Berkshire Hathaway (BRK-b)
  • Carrier Global Corporation (CARR)
  • Copart (CPRT)
  • Ecolab (ECL)
  • Otis Worldwide Corporation (OTIS)
  • Raytheon Technologies (RTX)
  • The Hershey Company (HSY)
  • Tyson Foods (TSN)
  • Intact Financial (IFC.to)
  • The Bank of Nova Scotia (BNS.to)
  • The Royal Bank of Canada (RY.to)

I still, however, have exposure to these companies with the exception of HSY and TSN.

Dividend Income

The income from the holdings within the FFJ Portfolio is accessible here.

During October, the holdings within the FFJ Portfolio generated the following dividend income:

  • 'Core' accounts: ~$2424 CDN and ~$1,008 USD
  • 'Side' accounts: ~$2,557 CDN and ~$946 USD.

YTD dividend income is:

  • 'Core' accounts: ~$18,260 CDN and ~$28,840 USD
  • 'Side' accounts: ~$20,124 CDN and ~$16,558 USD
  • YTD total: ~$38,384 CDN and ~$45,398 USD

Up until last month, I anticipated the FFJ Portfolio would generate ~$44,500 CDN and ~$58,500 USD of dividend income in 2022. The CDN figure is attainable but I will likely fall short of the USD amount by just under $1000.

Holdings

The January - October 2022 FFJ Portfolios are accessible here. The following is a recap of the monthly portfolio totals:

January 2022

Core Accounts: ~$773,000 CDN and ~$1,858,000 USD

Side Accounts: ~$666,000 CDN and ~$1,475,000 USD

Total: ~$1,439,000 CDN and ~$3,333,000 USD

February 2022

Core Accounts: ~$778,000 CDN and ~$2,014,000 USD

Side Accounts: ~$672,000 CDN and ~$1,465,000 USD

Total: ~$1,450,000 CDN and ~$3,479,000 USD

March 2022

Core Accounts: ~$810,000 CDN and ~$2,118,000 USD

Side Accounts: ~$696,000 CDN and ~$1,554,000 USD

Total: ~$1,506,000 CDN and ~$3,672,000 USD

April 2022

Core Accounts: ~$770,332 CDN and ~$2,026,487 USD

Side Accounts: ~$658,363 CDN and ~$1,514,137 USD

Total: ~$1,428,695 CDN and ~$3,540,624 USD

May 2022

Core Accounts: ~$784,833 CDN and ~$2,133,728 USD

Side Accounts: ~$661,080 CDN and ~$1,499,998 USD

Total: ~$1,445,913 CDN and ~$3,633,726 USD

June 2022

Core Accounts:  ~$742,473 CDN and ~$2,006,645 USD

Side Accounts:  ~$595,911 CDN and ~$1,401,823 USD

Total:  ~$1,338,384 CDN and  ~$3,408,468 USD

July 2022

Core Accounts:  ~$794,405 CDN and ~$2,230,466 USD

Side Accounts:  ~$644,255 CDN and ~$1,539,292 USD

Total:  ~$1,438,660 CDN and  ~$3,769,758 USD

August 2022

Core Accounts:  ~$740,560 CDN and ~$2,064,323 USD

Side Accounts:  ~$637,547 CDN and ~$1,478,073 USD

Total:  ~$1,378,107 CDN and  ~$3,542,396 USD

September 2022

Core Accounts:  ~$707,781 CDN and ~$1,894,989 USD

Side Accounts:  ~$612,394 CDN and ~$1,311,542 USD

Total:  ~$1,320,175 CDN and  ~$3,206,531 USD

October 2022

Core Accounts:  ~$740,555 CDN and ~$2,160,153 USD

Side Accounts:  ~$624,677 CDN and ~$1,441,483 USD

Total:  ~$1,365,232 CDN and  ~$3,601,636 USD

NOTE: The values reflected above exclude investments in several tax-efficient accounts for which I do not disclose details.

Final Thoughts

That's it for now. My wife and I are off to our lawyer's office to sign off on the paperwork related to our real estate purchase.

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 not to make any investment decisions without conducting your research and due diligence. You should also consult your financial advisor about your specific situation.

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.