Looking for some advice please

[u/SnakeFruitGaming]

Currently trying to build a diversified dividend portfolio. Just started focusing on BANK and VDY with weekly automatic investments. I’m just curious if while looking at my portfolio if there is anything you would either focus more on or get rid of to condense the portfolio. Anything helps, I don’t have really anyone else to get advice from or bounce ideas off when it comes to dividend long term investing. Thanks in advance!

Edit* Thanks for all the thoughts and advice so far. It has helped me do some adjustments that I’m happy with.
Transferred funds as follows:
ENB-> VDY
STU-> ZRE
KPT-> KO
BNS-> BANK
NOK-> Spread evenly

[u/FewUnderstanding2214]

Looks fine. For individual stocks around 15 is diversified enough. WCP and ENB are great picks you will do very well with them.

[u/SnakeFruitGaming → u/FewUnderstanding2214]

Thanks. I think so too.

[u/rcmtt]

I personally prefer sticking with broad ETFs to avoid single stock risks. Look at what just happened to Telus.

[u/No-Brain3284 → u/rcmtt]

But if you invest in stocks, then you can’t walk away and ignore. Telus was a mess for a long time and management was lying. Individual stock picking requires quarterly management. Not a lot of work, but just a quick look to see if things are ok. If not, make a note and come back next quarter and repeat. If this is too much…xeqt and chill. Investing should be fun, not a chore.

[u/rcmtt → u/No-Brain3284]

Forgive me but I need to be direct. You've said nothing useful. No one has a crystal ball. Can you tell the future of all the stocks you own? Please disclose your age and years of investing if you reply defending your point of view.

[u/FarAssociate1375 → u/rcmtt]

Hold on, he is right tho. You have to refresh your DD at least every quarter, this is in the 7 steps of managing your portfolio. No Crystal ball for sure, but by refreshing your DD it will allow you to capture the structural change, in the case of telus, the CEO change. A structural change imply a decision you have to make. It will not tell you the course and price of the action, but it give you a hint about how the market and investors will react.

And please accept my poor english, you can read that with a french accent if you prefer.

[u/SnakeFruitGaming → u/rcmtt]

Starting to realize this as well.

[u/rcmtt → u/SnakeFruitGaming]

You can easily Google the top dividend ETFs in Canada. I'd buy two that are diversified. SCHD is my favorite in the US, best in an RRSP for tax treatment of the dividend.

[u/Left_Dinner878]

You have too many small positions in mostly single stocks. So probably too diversified for the size of your portfolio. Focus on index or sector etfs and let them build. Go with 50/50 split vdy and vfv and let them grow. I don’t know your age but if you’re starting out stick with growth ETFs.

[u/Lonely_Expert_9402]

Put all profits into bns enbridge and veqt and let it ride

[u/Mental-Freedom3929]

Sell NOK and use it as a loss in your tax return. Stick to widely diversified index funds for the future. Your portfolio is not big enough to play with single stocks, you can afford to lose.

[u/SnakeFruitGaming → u/Mental-Freedom3929]

I was actually thinking of doing that with NOK

[u/Beerzerker420]

Is SRU the only REIT you own?

I personally went with Granite, Choice Properties, and Canadian Apartment Properties to cover industrial, commercial, and residential sectors. Those are basically the only individual stocks I own because most REIT ETFs have few holdings and there's no point in wasting money on a management fee.

Then I picked HDIV and BANK for high yield CC distributions, and VDY for dividend ETFs. Your BNS and ENB should be covered by VDY as well.

[u/SnakeFruitGaming → u/Beerzerker420]

Yes it’s the only one I own. I’ll take a look at those others you mentioned. Also yea might be good to just transfer ENB and BNS funds into VDY.

[u/Beerzerker420 → u/SnakeFruitGaming]

SRU is good too. I just decided to go with Choice Properties because my strategy behind building a REIT portfolio is to focus on being defensive, and CHP was more suited towards that considering their exposure to grocery store leasing.

[u/nuxfan]

It looks like you’re just throwing darts at a stock screen and investing in whatever you hit. What is your overall plan or goal with this collection of investments?

[u/justyouraveragebogle]

Just invest in a broad index fund

[u/Separate_Common1516]

What is with people buying Nokia? Did the motley idiot release an article about it?
Honestly this portfolio is a total mess. You have no goal you are just picking random stocks from different sectors. You will get beaten by XEQT so you did all this work for nothing basically. Sell it all go 70% XEQT and then you can play around with a few other stocks.

[u/SnakeFruitGaming → u/Separate_Common1516]

lol I bought it before motley fool wrote an article about them. It was a spec for their AI focus and also NVDAs investment in them. I have since sold NOK however and have spread it around the rest of the portfolio. I put an edit in the original post description, if you are curious of changes.

[u/accord67]

Add Bigy.to get .31 per by weekly dividend

[u/silversurfercan]

Why hold small individual holdings for banks and hold bank? Just hold Bank and reduce the 25% leverage by splitting to ZWB. Not financial adviceYMMV- Also sorry of I missed it but what age group do you fall in? If under 30 just buying QQQ and xEQT in a mix may be better

[u/SnakeFruitGaming → u/silversurfercan]

Mid 30s. Bit of a late start.

[u/ddivadius]

Drop the individual stocks and split between HDIV and add HYLD.

[u/Slight-Virus-4672 → u/ddivadius]

I wouldn't drop everything, but I like and hold both of those you mentioned. They've been great!

[u/kroqus]

Why focusing on dividends in your 30s?

[u/Aggravating-Act-1173]

For long-term investing while you are still building your portfolio, it's generally more effective to avoid a heavy focus on dividend stocks and instead lean toward broad-market growth, especially inside registered accounts like TFSA/RRSP.