FFJ Portfolio – September 2021 Report

This is my FFJ Portfolio - September 2021 Report.

In addition to the posts published in September on this site, my Johnson & Johnson (JNJ) and S&P Global guest posts were published at Dividend Power; my Cisco post is scheduled to be posted at Dividend Power on October 5th.

FFJ Portfolio Holdings

Monthly FFJ Portfolio holdings reports from December 2018 to September 2021 are found here.

The recent share price pullback of many companies I follow has afforded me the opportunity to acquire the following additional shares in September:

• Blackstone (BX) - 100 shares in a 'Core' account within the FFJ Portfolio;
• Brookfield Asset Management (BAM-a.TO) - 100 shares through 2 'Core' accounts (total 200 shares) within the FFJ Portfolio;
• Mastercard (MA) - 100 shares in a 'Core' account within the FFJ Portfolio;
• Visa (V) - 50 shares in a 'Core' account within the FFJ Portfolio.

In addition to managing our money, I am helping a couple of young investors build their investment portfolios. I limit the disclosure of the details of these trades for confidentiality reasons.

• Chevron (CVX) shares were acquired on September 16th @ $97.0996/share
• Nike (NKE) shares were acquired on September 24@ $148.3666/share

FFJ Portfolio - September 2021 Income

I track all my dividend income but only disclose details for holdings held in accounts I include within the FFJ Portfolio.

In my FFJ Portfolio - November 2020 Report I made the following 2021 FFJ Portfolio dividend income projections:

• Core Accounts – CDN ~$17,600 and USD ~$23,500
• Side Accounts – CDN ~$24,200 and USD ~$17,000

My YTD dividend income from holdings within the FFJ Portfolio at the end of September  is:

• Core Accounts – CDN ~$13,757 and USD ~$20,344
• Side Accounts – CDN ~$17,089 and USD ~$11,965

The dividend income is reasonably predictable thus enabling me to forecast the following total FY2021 dividend income:

• Core Accounts – CDN ~$18,200 and USD ~$27,300
• Side Accounts – CDN ~$22,400 and USD ~$15,900

The dividend income generated from the holdings within the 'Side' accounts will fall short of the targets. I am not concerned, however, since my focus is total investment return and not dividend income.

I continue to focus on acquiring reasonably valued shares in high-quality companies.

Capital gains are taxed at a more favourable rate than dividend income. By acquiring shares in companies where the majority of the investment return is most likely to be derived from capital gains, I can defer any tax obligation until well into the future.

That's it for now.

Stay safe. Stay focused.

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 do not provide individualized advice or recommendations. I encourage you to make investment decisions by conducting your own research and due diligence. Consult your financial advisor about your specific situation.

I wrote this article myself and it expresses my own opinions. I do not receive compensation for it and have no business relationship with any company mentioned in this article.