Here are some recent stocks I bought for my portfolio — all part of my plan to one day become financially independent.
Please keep in mind that I’m posting this information here for information/entertainment purposes only. In no way am I suggesting that you should buy these stocks as well. I honestly have no clue what I’m doing and you’d be better off seeing an investment professional. Honest.
1.) 50 shares of FTS.TO (Fortis Inc.)
I’ve never owned Fortis stock before, so this is uncharted territory for me. They provide electric and gas utilities to over 3 million customers in Canada, the US and even the Caribbean. More importantly, however, is that they’ve historically increased their dividends like clockwork for 40+ years.
2.) 20 shares of CAT (Caterpillar Inc.)
Again, this new territory for me. If you’re not familiar with this company, they manufacture heavy construction machinery and equipment. The blogosphere is talking a lot about Caterpillar Inc. lately. It seems many fellow FI’ers have come to the conclusion that it’s a good company to invest in. Given all of this attention, I decided to check it out myself. As expected, given everyone else’s recommendations, the company has a history of dividend growth.
It just so happens I was also looking for more American companies to invest into so as to diversify my portfolio a little more. Up until now, I only had one American company in my portfolio. My overall goal right now is to keep a 60/40 to 70/30 ratio. If and when the CDN dollar goes back up, I’ll change this ratio back towards 50/50.
Globe and Mail Rating: Hold