<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[Magic Pants Dividend Growth Investing-MP Market Review: Premium Content]]></title><description><![CDATA[Premium content for our paying subscribers from Magic Pants Dividend Growth Investing.]]></description><link>https://www.magicpants.com/s/premium-subscribers</link><image><url>https://substackcdn.com/image/fetch/$s_!ikVZ!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F05fae4ee-1b19-4aec-ae3b-f8d2047f5f0c_726x726.png</url><title>Magic Pants Dividend Growth Investing-MP Market Review: Premium Content</title><link>https://www.magicpants.com/s/premium-subscribers</link></image><generator>Substack</generator><lastBuildDate>Wed, 03 Jun 2026 16:11:54 GMT</lastBuildDate><atom:link href="https://www.magicpants.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Brad McMillan]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[magicpants@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[magicpants@substack.com]]></itunes:email><itunes:name><![CDATA[Brad McMillan]]></itunes:name></itunes:owner><itunes:author><![CDATA[Brad McMillan]]></itunes:author><googleplay:owner><![CDATA[magicpants@substack.com]]></googleplay:owner><googleplay:email><![CDATA[magicpants@substack.com]]></googleplay:email><googleplay:author><![CDATA[Brad McMillan]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Join my new subscriber chat]]></title><description><![CDATA[A private space for us to converse and connect]]></description><link>https://www.magicpants.com/p/join-my-new-subscriber-chat</link><guid isPermaLink="false">https://www.magicpants.com/p/join-my-new-subscriber-chat</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Mon, 01 Jun 2026 11:21:41 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!KYZT!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe0f63c9a-2296-4c96-a2f9-52648999bb00_2000x1000.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[
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   ]]></content:encoded></item><item><title><![CDATA[Portfolio Letter – Wealth-Builder Model Portfolio (CDN) – As of April 30, 2026 ]]></title><description><![CDATA[Posted by BM on May 20, 2026]]></description><link>https://www.magicpants.com/p/portfolio-letter-wealth-builder-model-66c</link><guid isPermaLink="false">https://www.magicpants.com/p/portfolio-letter-wealth-builder-model-66c</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Wed, 20 May 2026 12:03:07 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/5f06a6d6-8662-4d08-9750-716fba58ff12_1200x777.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h3><strong>Four Years In. The Income Machine Is Working.</strong></h3><blockquote><p>&#8220;I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.&#8221;</p><p><em>- Josh Peters</em></p></blockquote><div><hr></div><h3><strong>THE SCOREBOARD</strong></h3><p>Four years ago, we launched the Magic Pants Wealth-Builder Model Portfolio (CDN) with a simple objective:</p><p>Build a disciplined portfolio of high-quality dividend growth companies, manage it in real time, and show subscribers exactly how the process works.</p><p>No theory.</p><p>No backtests.</p><p>No hypothetical returns.</p><p>Real money. Real decisions. Full transparency.</p><p>Here is where that process stands today:</p><p>&#9989; <strong>Portfolio Value:</strong> $190,322<br>&#9989; <strong>Annualized Dividend Income:</strong> $4,785<br>&#9989; <strong>Unrealized Capital Gains:</strong> $35,994<br>&#9989; <strong>Year-to-Date Total Return (Including Dividends):</strong> 7.99%<br>&#9989; <strong>Annualized Total Return Since Inception:</strong> 15.35%<br>&#9989; <strong>Companies Paying Us Dividends:</strong> 24<br>&#9989; <strong>Canadian Economic Sectors Represented:</strong> 8</p><p>That is what disciplined dividend growth investing looks like when process meets patience.</p><div><hr></div><h4><strong>Portfolio Growth Since Inception</strong></h4><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!4dnA!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!4dnA!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 424w, https://substackcdn.com/image/fetch/$s_!4dnA!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 848w, https://substackcdn.com/image/fetch/$s_!4dnA!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 1272w, https://substackcdn.com/image/fetch/$s_!4dnA!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!4dnA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png" width="1150" height="951" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:951,&quot;width&quot;:1150,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:134351,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.magicpants.com/i/198420542?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!4dnA!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 424w, https://substackcdn.com/image/fetch/$s_!4dnA!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 848w, https://substackcdn.com/image/fetch/$s_!4dnA!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 1272w, https://substackcdn.com/image/fetch/$s_!4dnA!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7669a8b5-15ec-434e-bfa5-c057f8915f71_1150x951.png 1456w" sizes="100vw" loading="lazy"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><div><hr></div><h3><strong>EXECUTIVE SUMMARY</strong></h3><p>This quarter:</p><p>&#9989; $1,211.66 in dividend income collected<br>&#9989; Annualized income rose to $4,785<br>&#9989; 11 dividend increases announced<br>&#9989; 1 dividend suspension (goeasy)<br>&#9989; Portfolio remains aligned with plan</p><div><hr></div><h3><strong>WHY THIS PORTFOLIO EXISTS</strong></h3><p>The Magic Pants Wealth-Builder Model Portfolio (CDN) is not just a portfolio.</p><p>It is a coaching tool.</p><p>A real-money demonstration of how disciplined dividend growth investing works over a full investing cycle.</p><p>Every purchase is real.</p><p>Every dividend is real.</p><p>Every gain is real.</p><p>Every mistake is real.</p><p>Subscribers are not watching a hypothetical model.</p><p>They are watching an investment process unfold in public.</p><p>That matters.</p><p>Because investing is easy to explain in hindsight.</p><p>It is much harder to execute in real time.</p><div><hr></div><h3><strong>THE MAGIC PANTS PHILOSOPHY</strong></h3><p>We do not trade tickers.</p><p>We build ownership in productive businesses.</p><p>Businesses that:</p><ul><li><p>generate strong cash flow</p></li><li><p>earn attractive returns on capital</p></li><li><p>reward shareholders with rising dividends</p></li><li><p>are purchased only when sensibly priced</p></li></ul><p>Then we let time do the heavy lifting.</p><p>That is it.</p><p>No forecasting recessions.</p><p>No chasing headlines.</p><p>No pretending we can predict market sentiment.</p><p>Just disciplined ownership.</p><div><hr></div><h3><strong>THE FORMULA THAT DRIVES LONG-TERM RETURNS</strong></h3><p>Our investing framework remains simple:</p><p><strong>Future Market Returns = Dividend Yield + Dividend Growth &#177; Change in P/E Ratio</strong></p><p>This formula matters because it separates what is reasonably predictable from what is not.</p><p>We cannot control short-term valuation swings.</p><p>We cannot control investor sentiment.</p><p>But we <em>can</em> identify:</p><ul><li><p>sensible starting yields</p></li><li><p>quality businesses</p></li><li><p>strong earnings growth</p></li><li><p>rising dividends</p></li><li><p>reasonable valuations</p></li></ul><p>That makes long-term investing far more predictable than most investors realize.</p><div><hr></div><h3><strong>PORTFOLIO PERFORMANCE</strong></h3><p>Results matter.</p><p>But context matters more.</p><p>We have been investing through a strong bull market.</p><p>That helps.</p><p>Still, process deserves credit.</p><p>Since inception, this portfolio has delivered an annualized total return of <strong>15.35%</strong> while growing its annualized dividend income to <strong>$4,785</strong>.</p><p>That combination matters.</p><p>Because our goal is not simply portfolio appreciation.</p><p>Our goal is financial independence through a growing income stream.</p><p>Capital gains are helpful.</p><p>Growing income is transformational.</p><div><hr></div><h4><strong>Portfolio vs Benchmarks</strong></h4><div class="captioned-image-container"><figure><a class="image-link image2" target="_blank" href="https://substackcdn.com/image/fetch/$s_!2Vgg!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!2Vgg!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 424w, https://substackcdn.com/image/fetch/$s_!2Vgg!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 848w, https://substackcdn.com/image/fetch/$s_!2Vgg!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 1272w, https://substackcdn.com/image/fetch/$s_!2Vgg!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!2Vgg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png" width="1456" height="345" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:345,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:63576,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:true,&quot;topImage&quot;:false,&quot;internalRedirect&quot;:&quot;https://www.magicpants.com/i/198420542?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!2Vgg!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 424w, https://substackcdn.com/image/fetch/$s_!2Vgg!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 848w, https://substackcdn.com/image/fetch/$s_!2Vgg!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 1272w, https://substackcdn.com/image/fetch/$s_!2Vgg!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00930054-3ac8-4155-8492-8a873f7d1ab1_3065x726.png 1456w" sizes="100vw" loading="lazy"></picture><div></div></div></a></figure></div><div><hr></div><p>You&#8217;re currently reading the public section of this quarterly portfolio letter.</p><p>Public readers receive the high-level portfolio story.</p><p>Paid subscribers receive the full playbook:</p><ul><li><p>every trade</p></li><li><p>position sizing decisions</p></li><li><p>valuation commentary</p></li><li><p>dividend income details</p></li><li><p>portfolio construction insights</p></li><li><p>buy/sell rationale</p></li><li><p>full coaching analysis</p></li></ul><p>If you are serious about building a rising stream of tax-efficient income, the premium experience is where the real work happens.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[MP Wealth-Builder Model Portfolio (CDN) – Business Plan ]]></title><description><![CDATA[Last Updated by BM on May 15, 2026]]></description><link>https://www.magicpants.com/p/mp-wealth-builder-model-portfolio-8ad</link><guid isPermaLink="false">https://www.magicpants.com/p/mp-wealth-builder-model-portfolio-8ad</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sat, 16 May 2026 02:11:00 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F527c455b-382b-4b8e-9f4e-bfe98da6203a_1872x1447.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Introduction</h2><p>On our journey to mastering dividend growth investing (DGI), we immersed ourselves in extensive research on endowment investing&#8212;a time-tested approach to sustainable wealth-building. After all, who better to learn from than those who have preserved and grown wealth for generations?</p><p>For much of history, <strong>true wealth wasn&#8217;t measured by net worth alone</strong>, but by the income an investor&#8217;s assets could reliably produce. This fundamental principle resonates deeply with us as dividend growth investors.</p><p>We often reference Jim Garland&#8217;s powerful opening quote from his 2013 paper, <em>Memo to the Darcy Family: To Thine Own Self Be True</em>, as a guiding insight into this philosophy.</p><blockquote><p><em>&#8220;The hero of Jane Austen&#8217;s great novel, Pride and Prejudice, was a Mr. Darcy. Mr. Darcy was wealthy &#8212; but Austen expressed that fact in a way that today sounds odd. She wrote that Mr. Darcy was worth &#163;10,000 a year. The income from his properties was far more important than the market value of those properties because he lived off that income</em>.&#8221;</p></blockquote><p>Mr. Garland illustrates this concept through the story of two farmers:</p><blockquote><p><em>&#8220;Imagine two farms and two farmers. One farmer raises chickens and sells them to grocery stores. We&#8217;ll call him a chicken farmer. The other farmer keeps hens in a henhouse and feeds the eggs to his rather large family. The second one is an egg farmer.</em></p><p><em>The first person, the chicken farmer, is vitally interested in the market value of chickens. The second one, the egg farmer, is vitally interested in the number of eggs that his hens can lay, and in the health of the hens, but he doesn&#8217;t care at all about the market value of his hens.</em></p><p><em>For the chicken farmer, risk means the probability of a decline in the price of chickens. On the other hand, the egg farmer could care less about market values. His risks are foxes, viruses, and other such threats to the well-being of his hens.</em></p><p><em>Think of stocks as chickens, and dividends as the eggs those stocks provide. Total return investors are chicken farmer investors, because they worry about the market value of their &#8220;chickens&#8221; &#8211; of their stocks. On the other hand, endowment investors are egg farmer investors. All that endowment investors worry about is the current and future quantities of their &#8220;eggs&#8221; &#8211; their dividends.&#8221;</em></p></blockquote><p>Like Garland, we see the clear parallel between endowment investors and egg farmers. But as dividend growth investors, we take it one step further. Instead of settling for any dividend-paying stock, we focus exclusively on dividend growth stocks&#8212;companies that consistently increase their payouts year after year. Our experience has shown that businesses with a strong track record of dividend growth tend to deliver capital appreciation at a similar pace. The combination of a rising dividend and a growing share price is a powerful wealth-building engine.</p><p>Armed with a strategy that pays us in both up and down markets, we remain patient, waiting for the right opportunities to buy quality dividend growers at sensible prices. After all, in today&#8217;s chicken-farming world, the key to building wealth is simple: buy more income at a lower price.</p><p>And what better way to demonstrate our approach than by building a dividend growth portfolio from the ground up?</p><div><hr></div><h2>Summary</h2><blockquote><p><em>&#8220;A goal without a plan is just a wish.&#8221;</em></p></blockquote><p>Every investor&#8217;s portfolio is essentially a small business. Like any successful business, it requires a clear, well-defined plan to operate efficiently and achieve long-term success. Our plan also includes guardrails like allocation limits and diversification.</p><p>Our approach focuses on investing in Canadian dividend growth companies and follows three basic rules:</p><p>&#9989; <strong>Quality</strong> &#8211; We prioritize large-cap companies with a proven track record of dividend growth, strong financials, and a stable, growing industry.</p><p>&#9989; <strong>Valuation</strong> &#8211; We aim to buy stocks at a sensible or undervalued price based on their historical track record. Buying at a discount introduces a margin of safety, increasing the likelihood of future price appreciation.</p><p>&#9989; <strong>Monitoring</strong> &#8211; We continuously track our dividend growers, paying close attention to yield fluctuations, as they can signal changes in valuation. Consistent dividend growth is the strongest indicator of management&#8217;s confidence in a company&#8217;s long-term prospects.</p><p><strong>Portfolio Strategy</strong></p><p>&#10004; <strong>Initial Investment:</strong> $100,000<br>&#10004; <strong>Ongoing Contributions:</strong> $12,000 per year (starting Year 2) to demonstrate the impact of regular investing<br>&#10004; <strong>Sector Diversification:</strong> No single position exceeding 8% of the total portfolio<br>&#10004; <strong>Dividend Reinvestment:</strong> All dividends will be reinvested, though not necessarily in the same stock that generated them</p><p><strong>Execution &amp; Transparency</strong></p><p>We will buy and sell stocks based on our process, not on a fixed schedule. Each trade will be documented with timestamped Dividend Growth Investing (DGI) alerts, followed by an in-depth analysis article explaining the rationale behind the decision.</p><p>We will also provide:</p><p>&#10004; Quarterly portfolio updates for all subscribers<br>&#10004; Proof of each transaction to ensure full transparency</p><p>The MP Wealth-Builder Model Portfolio (CDN) is actively managed, monitored, and reported on, so investors can see how disciplined dividend growth investing can build long-term wealth.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[Q1 2026 Earnings Calendar]]></title><description><![CDATA[Last updated by BM on May 15, 2026]]></description><link>https://www.magicpants.com/p/q1-2026-earnings-calendar</link><guid isPermaLink="false">https://www.magicpants.com/p/q1-2026-earnings-calendar</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Mon, 27 Apr 2026 12:45:27 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/4bf64d5f-7834-4fd7-aa6b-5677fc33686d_1475x1010.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Earnings season for Q1 2026 is over. There were twice as many winners as losers this quarter. Full details below.</p><p>In addition to the weekly earnings summaries in our newsletter, we will update the <strong>Earnings Calendar</strong> in the Premium Content section of the site each week through quarter-end.</p><p>Some companies on <em><strong>The List</strong></em> do not follow a calendar-year reporting cycle. Their most recent off-cycle results are included in the Earnings Calendar at the top of the page above the solid line.</p><h2>Summary</h2><p>Benjamin Graham once remarked that&nbsp;<em><strong>earnings are the principal factor driving stock prices</strong>.</em></p><p>Earnings and dividend growth often go hand in hand, providing insights into future dividend growth for quality companies. Regularly monitoring our dividend growers, starting with quarterly earnings releases, is a key part of the process. <em>The List</em> is sorted by reporting date, complete with the market&#8217;s consensus estimates and actual reported results. Red numbers indicate earnings below those of the previous year for the same period.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[Good Investors Don’t Avoid Risk. They Control It.]]></title><description><![CDATA[Posted by BM on March 15, 2026]]></description><link>https://www.magicpants.com/p/good-investors-dont-avoid-risk-they</link><guid isPermaLink="false">https://www.magicpants.com/p/good-investors-dont-avoid-risk-they</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sun, 15 Mar 2026 16:54:37 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/2f5f78e8-8481-4243-99d3-49cf68146322_400x400.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<blockquote><p>&#8220;The essence of investment management is the management of risks, not the management of returns.&#8221;</p><p><em>- Benjamin Graham</em></p></blockquote><h3><strong>Intro</strong></h3><p>Thank you for all the emails and messages this week regarding <strong>goeasy Ltd. (GSY-T)</strong>. Many of you asked what happened and whether there was a way to see it coming within our process. Others may simply be wondering how to handle a sudden decline in a portfolio holding.</p><p>I thought it would be helpful to briefly address the situation and, more importantly, explain how disciplined portfolio construction protects us when unexpected events occur.</p>
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   ]]></content:encoded></item><item><title><![CDATA[Portfolio Letter – Wealth-Builder Model Portfolio (CDN) – As of January 31, 2026 ]]></title><description><![CDATA[Posted by BM on February 27, 2026]]></description><link>https://www.magicpants.com/p/portfolio-letter-wealth-builder-model-1c4</link><guid isPermaLink="false">https://www.magicpants.com/p/portfolio-letter-wealth-builder-model-1c4</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Fri, 27 Feb 2026 13:31:00 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/5a5903d1-ddb2-43a9-bf3d-b529e1fb9f7a_1200x777.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<blockquote><p>&#8220;I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.&#8221;</p><p><em>- Josh Peters</em></p></blockquote><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!LNkI!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!LNkI!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 424w, https://substackcdn.com/image/fetch/$s_!LNkI!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 848w, https://substackcdn.com/image/fetch/$s_!LNkI!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 1272w, https://substackcdn.com/image/fetch/$s_!LNkI!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!LNkI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png" width="975" height="481" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/a5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:481,&quot;width&quot;:975,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:56621,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://magicpants.substack.com/i/189277444?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!LNkI!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 424w, https://substackcdn.com/image/fetch/$s_!LNkI!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 848w, https://substackcdn.com/image/fetch/$s_!LNkI!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 1272w, https://substackcdn.com/image/fetch/$s_!LNkI!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5ecc6fb-176b-471b-afc3-281b01c54755_975x481.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to the quarterly review of our Wealth-Builder Model Portfolio (CDN). In this update, I am sharing the latest portfolio results as of January 31, 2026, along with a look at how our dividend growth strategy continues to quietly build wealth in the background.</p><p>Our approach remains unchanged. We invest in a collection of high-quality businesses that earn good returns on capital, generate reliable cash flow, and have the discipline to share a portion of those earnings with shareholders through steadily rising dividends. It is a strategy that works for investors at every stage of life. It may not produce fireworks in any single quarter, but over long stretches it has rewarded patient owners far more reliably than most alternatives.</p><p>This model portfolio was built to demonstrate a simple truth: when you own productive assets that increase their earnings over time, your share of those earnings tends to rise as well. Reinvested dividends and consistent annual increases create a compounding effect that is easy to overlook in the short term and impossible to ignore over the long term. The growing income stream is valuable on its own, but the total returns that follow from owning durable businesses are often the real &#8216;magic&#8217;.</p><p>Since the portfolio&#8217;s inception on May 1, 2022, we have followed the same steady playbook: buy sensibly, hold patiently, and let the companies do the heavy lifting. Three and a half years in, the results continue to track our original projections. We are pleased with the progress, though we are far more interested in what the next decade will bring than in any single quarter.</p><p>Our task now is simply to stay the course. As Buffett often reminds us, investing is most effective when it is kept simple, disciplined, and focused on the long-term economics of the businesses we own. This portfolio is built with exactly that in mind.</p><div><hr></div><h2>SUMMARY</h2><p>&#9989; We receive <strong>dividend income from 23 companies</strong> spanning <strong>8 sectors</strong> of the Canadian economy.</p><p>&#9989; This quarter, there were <strong>dividend announcements </strong>from <strong>eleven of our holdings.</strong></p><p>&#9989; We <strong>initiated positions in three new holdings</strong>, strengthening our portfolio diversification.</p><p>&#9989; Dividend <strong>income was $1,079 last quarter</strong>, and our <strong>annualized income is now $4,612</strong></p><p>&#9989; <strong>Portfolio performance: </strong>The year-to-date total return (including dividends) is<strong> 2.37%, </strong>and since its inception (May 2022), the portfolio has delivered an <strong>annualized total return of 13.01%.</strong></p><p>This is a simple reminder of why we focus on quality dividend growers. When dividends rise, prices tend to follow. At our current trajectory, the <strong>Rule of 72</strong> suggests <strong>our portfolio is doubling in value </strong>roughly<strong> every six years. </strong>That is the quiet power of dividend growth compounding behind the scenes.</p><p><em>You&#8217;re reading the free section of this premium analysis. I strive to deliver great value for my free readers, but it is just the surface. Upgrade to paid to access the full report!</em></p>
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   ]]></content:encoded></item><item><title><![CDATA[DGI Candidate List 2026-Quality/Category/Sizing]]></title><description><![CDATA[Last updated by BM on April 27, 2026]]></description><link>https://www.magicpants.com/p/dgi-candidate-list-2026-qualitycategorysizing</link><guid isPermaLink="false">https://www.magicpants.com/p/dgi-candidate-list-2026-qualitycategorysizing</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Thu, 05 Feb 2026 15:13:04 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/31057ad1-8fe4-4aa1-8bc6-381a480971f8_940x788.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>To build our dividend growth investing portfolios, we start with a disciplined framework. Every holding begins on a candidate list, is assigned a quality rating, categorized as Core or Non-Core, and given clear position sizing guidelines. The chart below reflects our current thinking and may change as conditions evolve. Always check the &#8220;Last Updated&#8221; date under the title for the most recent version.</p><p>Quality drives everything we do. We deliberately own fewer stocks, allowing for higher conviction, tighter monitoring, and better decision-making. Holdings are split into two groups. <strong>Core</strong> companies are essential to the economy, exhibit durable business models, and follow shareholder-friendly dividend policies. <strong>Non-Core</strong>&nbsp;companies are typically smaller, faster-growing businesses that complement the portfolio with higher growth potential.</p><p>Position sizing reflects this distinction. Core holdings are capped at 8% of the portfolio, while Non-Core holdings are capped at 5%. This structure allows us to own roughly 15 to 20 high-quality businesses while concentrating capital in the safest and most predictable opportunities. The result is a portfolio anchored by stability, with selective exposure to growth.</p><p>Minimum position sizes matter just as much. They protect us from overcommitting capital when fundamentals or valuation are temporarily unfavorable. Our minimum position size ranges from 1% to 4%, depending on category. This ensures that when a company meets our quality standards, we maintain exposure and can build the position deliberately over time as the opportunity improves.</p><p><strong>Paid subscribers </strong>receive DGI Alerts whenever we initiate or add to a position in the model portfolio. Each alert includes the execution price and recommended position size so you can follow the process with clarity and discipline.</p><p>Here is the 2026 version of <em>The List</em> with our position sizing framework:</p>
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   ]]></content:encoded></item><item><title><![CDATA[Q4 2025 Earnings Calendar]]></title><description><![CDATA[Last updated by BM on April 3, 2026]]></description><link>https://www.magicpants.com/p/q4-2025-earnings-calendar</link><guid isPermaLink="false">https://www.magicpants.com/p/q4-2025-earnings-calendar</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Mon, 26 Jan 2026 14:29:29 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/b711d5c1-677c-415b-918f-e390003fa6e9_1475x1010.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Earnings season for Q4 2025 and the full 2025 calendar year is now complete. Once again, the majority of companies on <em>The List</em> delivered solid results.</p><p>The strongest year-over-year performers this quarter were Brookfield Infrastructure Partners, Franco-Nevada, and Magna. The weakest performer was goeasy Ltd.</p><p>Below is the final reporting schedule, now updated with all reported results.</p><p>In addition to the weekly earnings summaries in our newsletter, we will update the <strong>Earnings Calendar</strong> in the Premium Content section of the site each week through quarter-end.</p><p>Some companies on <em><strong>The List</strong></em> do not follow a calendar-year reporting cycle. Their most recent off-cycle results are included in the Earnings Calendar at the top of the page.</p><h2>Summary</h2><p>Benjamin Graham once remarked that&nbsp;<em><strong>earnings are the principal factor driving stock prices</strong>.</em></p><p>Earnings and dividend growth often go hand in hand, providing insights into future dividend growth for quality companies. Regularly monitoring our dividend growers, starting with quarterly earnings releases, is a key part of the process. <em>The List</em> is sorted by reporting date, complete with the market&#8217;s consensus estimates and actual reported results. Red numbers indicate earnings below those of the previous year for the same period.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[Portfolio Letter – Wealth-Builder Model Portfolio (CDN) – As of October 31, 2025  ]]></title><description><![CDATA[Posted by BM on November 24, 2025]]></description><link>https://www.magicpants.com/p/portfolio-letter-wealth-builder-model</link><guid isPermaLink="false">https://www.magicpants.com/p/portfolio-letter-wealth-builder-model</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Mon, 24 Nov 2025 17:29:33 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/a7ec9b05-8cbb-455a-94ab-c261014e630d_1200x777.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<blockquote><p><strong>&#8220;I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.&#8221;</strong></p><p><em><strong>- Josh Peters</strong></em></p></blockquote><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="https://substackcdn.com/image/fetch/$s_!1xfi!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="https://substackcdn.com/image/fetch/$s_!1xfi!,w_424,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 424w, https://substackcdn.com/image/fetch/$s_!1xfi!,w_848,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 848w, https://substackcdn.com/image/fetch/$s_!1xfi!,w_1272,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 1272w, https://substackcdn.com/image/fetch/$s_!1xfi!,w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 1456w" sizes="100vw"><img src="https://substackcdn.com/image/fetch/$s_!1xfi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png" width="1456" height="709" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:709,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:83626,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://magicpants.substack.com/i/179820973?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="https://substackcdn.com/image/fetch/$s_!1xfi!,w_424,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 424w, https://substackcdn.com/image/fetch/$s_!1xfi!,w_848,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 848w, https://substackcdn.com/image/fetch/$s_!1xfi!,w_1272,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 1272w, https://substackcdn.com/image/fetch/$s_!1xfi!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F38d88de2-49bb-4f16-b29b-776252bc3447_3504x1706.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg role="img" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><title></title><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p>Welcome to the quarterly review of our Wealth-Builder Model Portfolio (CDN). In this update, I am sharing the latest portfolio results as of October 31, 2025, along with a refreshed look at how our dividend growth strategy continues to quietly build wealth in the background.</p><p>Our approach remains unchanged. We invest in a collection of high-quality businesses that earn good returns on capital, generate reliable cash flow, and have the discipline to share a portion of those earnings with shareholders through steadily rising dividends. It is a strategy that works for investors at every stage of life. It may not produce fireworks in any single quarter, but over long stretches it has rewarded patient owners far more reliably than most alternatives.</p><p>This model portfolio was built to demonstrate a simple truth: when you own productive assets that increase their earnings over time, your share of those earnings tends to rise as well. Reinvested dividends and consistent annual increases create a compounding effect that is easy to overlook in the short term and impossible to ignore over the long term. The growing income stream is valuable on its own, but the total returns that follow from owning durable businesses are often the real &#8216;magic&#8217;.</p><p>Since the portfolio&#8217;s inception on May 1, 2022, we have followed the same steady playbook: buy sensibly, hold patiently, and let the companies do the heavy lifting. Three and a half years in, the results continue to track our original projections. We are pleased with the progress, though we are far more interested in what the next decade will bring than in any single quarter.</p><p>Our task now is simply to stay the course. As Buffett often reminds us, investing is most effective when it is kept simple, disciplined, and focused on the long-term economics of the businesses we own. This portfolio is built with exactly that in mind.</p><div><hr></div><h2>SUMMARY</h2><p>&#9989; We receive <strong>dividend income from 20 companies</strong> spanning <strong>8 sectors</strong> of the Canadian economy.</p><p>&#9989; This quarter, there were <strong>dividend announcements from three of our holdings.</strong></p><p>&#9989; We <strong>increased our stake in four existing holdings</strong>, strengthening our portfolio.</p><p>&#9989; Dividend income was $999.12 last quarter, and our <strong>annualized income is now $4,121</strong></p><p>&#9989; <strong>Portfolio performance: </strong>The year-to-date total return (including dividends) is<strong> 19.44%, </strong>and since its inception (May 2022), the portfolio has delivered an <strong>annualized total return of 12.29%.</strong></p><p>This is a simple reminder of why we focus on quality dividend growers. When dividends rise, prices tend to follow. At our current trajectory, the Rule of 72 suggests our portfolio is doubling in value roughly every six years. That is the quiet power of dividend growth compounding behind the scenes.</p><p><em>You&#8217;re reading the free section of this premium analysis. I strive to deliver great value for my free readers, but it is just the surface. Upgrade to paid to access the full report!</em></p>
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   ]]></content:encoded></item><item><title><![CDATA[We Recently Bought More Metro Inc. (MRU-T) for our our MP Wealth-Builder Model Portfolio (CDN)]]></title><description><![CDATA[Posted by BM on October 25, 2025]]></description><link>https://www.magicpants.com/p/we-recently-bought-more-metro-inc</link><guid isPermaLink="false">https://www.magicpants.com/p/we-recently-bought-more-metro-inc</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sat, 25 Oct 2025 17:50:47 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/84fc67f6-2064-4c04-afdf-761909ac488b_400x400.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Introduction</h2><p>We buy and sell investments based on our process, not on any schedule. We provide dividend growth investing (DGI) alerts each time we buy/sell a stock in our portfolio and then write an article explaining why.</p><p>The following article walks subscribers through our evaluation and the recent purchase of <strong>Metro Inc. </strong>for our MP Wealth-Builder Model Portfolio (CDN).</p>
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   ]]></content:encoded></item><item><title><![CDATA[Q3 2025 Earnings Calendar]]></title><description><![CDATA[Last updated by BM on November 14, 2025]]></description><link>https://www.magicpants.com/p/q3-2025-earnings-calendar</link><guid isPermaLink="false">https://www.magicpants.com/p/q3-2025-earnings-calendar</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sun, 19 Oct 2025 19:31:51 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/44f4bc39-09b5-4018-b0ea-b1706fb91a76_1475x1010.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>The Q3 2025 calendar earnings season is over. Here is the updated list, along with their reporting dates.</p><p>In addition to weekly earnings summaries in our newsletter, we will update the &#8216;Earnings Calendar&#8217; in the Premium Content section of the site each week until the end of the quarter.</p><p>Some companies on <em>The List</em> do not report on a calendar-year cycle. We have included their recent off-cycle earnings results in the Earnings Calendar at the top of the page. </p><h2>Summary</h2><p>Benjamin Graham once remarked that&nbsp;<em><strong>earnings are the principal factor driving stock prices</strong>.</em></p><p>Earnings and dividend growth often go hand in hand, providing insights into future dividend growth for quality companies. Regularly monitoring our dividend growers, starting with quarterly earnings releases, is a key part of the process. <em>The List</em> is sorted by reporting date, complete with the market&#8217;s consensus estimates and actual reported results. Red numbers indicate earnings below those of the previous year for the same period.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[We Recently Bought More Waste Connections (WCN-T) for our our MP Wealth-Builder Model Portfolio (CDN)]]></title><description><![CDATA[Posted by BM on October 18, 2025]]></description><link>https://www.magicpants.com/p/we-recently-bought-more-waste-connections</link><guid isPermaLink="false">https://www.magicpants.com/p/we-recently-bought-more-waste-connections</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sat, 18 Oct 2025 12:30:54 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/dbe8238f-2e23-4323-b642-e050d558e3af_400x400.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Introduction</h2><p>We buy and sell investments based on our process, not on any schedule. We provide dividend growth investing (DGI) alerts each time we buy/sell a stock in our portfolio and then write an article explaining why.</p><p>The following article walks subscribers through our evaluation and the recent purchase of <strong>Waste Connections </strong>for our MP Wealth-Builder Model Portfolio (CDN).</p>
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   ]]></content:encoded></item><item><title><![CDATA[We Recently Bought More goeasy Ltd. (GSY-T) for our MP Wealth-Builder Model Portfolio (CDN)]]></title><description><![CDATA[Posted by BM on October 10, 2025]]></description><link>https://www.magicpants.com/p/we-recently-bought-more-goeasy-ltd</link><guid isPermaLink="false">https://www.magicpants.com/p/we-recently-bought-more-goeasy-ltd</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sat, 11 Oct 2025 13:04:20 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/709f9f56-7aa4-465f-baab-c80718b870e8_400x400.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Introduction</h2><p>We buy and sell investments based on our process, not on any schedule. We provide dividend growth investing (DGI) alerts each time we buy/sell a stock in our portfolio and then write an article explaining why.</p><p>The following article walks subscribers through our evaluation and the recent purchase of <strong>goeasy Ltd.</strong></p>
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   ]]></content:encoded></item><item><title><![CDATA[We Recently Bought More Magna (MG-T) for our our MP Wealth-Builder Model Portfolio (CDN)]]></title><description><![CDATA[Posted by BM on October 3, 2025]]></description><link>https://www.magicpants.com/p/we-recently-bought-more-magna-mg</link><guid isPermaLink="false">https://www.magicpants.com/p/we-recently-bought-more-magna-mg</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Fri, 03 Oct 2025 19:11:57 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/ce711018-f781-4aca-a3db-734c9d7ef28e_400x400.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Introduction</h2><p>We buy and sell investments based on our process, not on any schedule. We provide dividend growth investing (DGI) alerts each time we buy/sell a stock in our portfolio and then write an article explaining why.</p><p>The following article walks subscribers through our evaluation and the recent purchase of <strong>Magna </strong>for our MP Wealth-Builder Model Portfolio (CDN).</p>
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   ]]></content:encoded></item><item><title><![CDATA[Wealth-Builder Model Portfolio (CDN) – Quarterly Review – As of July 31, 2025 ]]></title><description><![CDATA[Posted by BM on August 25, 2025]]></description><link>https://www.magicpants.com/p/wealth-builder-model-portfolio-cdn-e9f</link><guid isPermaLink="false">https://www.magicpants.com/p/wealth-builder-model-portfolio-cdn-e9f</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Mon, 25 Aug 2025 17:06:58 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/f8ccad68-aeb9-4bd6-9ede-d8eb5a6b4ad1_1200x777.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<blockquote><p><strong>&#8220;I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.&#8221;</strong></p><p><em><strong>- Josh Peters</strong></em></p></blockquote><p>This real-money portfolio is designed to <strong>demonstrate the power of dividend growth investing, </strong>but before we dive in, let&#8217;s talk about what we know and everyone else misses.</p><p>Most investors obsess over short-term capital gains. We don&#8217;t.</p><p>That&#8217;s our philosophy. <strong>Growing dividends drive long-term returns.</strong> As dividends rise, so do stock prices and portfolio values. The key? <strong>Process and</strong> <strong>Patience.</strong></p><p>Don&#8217;t just take our word for it, <strong>see the results yourself.</strong></p><div><hr></div><p>With an <strong>initial capital investment of $100,000</strong>, consistent <strong>annual contributions of $12,000</strong>, and a disciplined dividend reinvestment strategy, we're working toward a powerful long-term goal:</p><p><strong>&#128176; $1,000 in monthly dividend income by year 10.</strong></p><p>This milestone isn&#8217;t just about income, it&#8217;s a testament to the power of patience, compounding, and intentional portfolio construction.</p><p><strong>We&#8217;re also on track to grow our portfolio&#8217;s value beyond $500,000 in that same timeframe.</strong></p><p>In an era of instant gratification, this approach reinforces the value of staying the course and letting time do the heavy lifting.</p><div><hr></div><h2>SUMMARY</h2><p>&#9989; We receive <strong>dividend income from 20 companies</strong> spanning <strong>8 sectors</strong> of the Canadian economy.</p><p>&#9989; This quarter, there were <strong>dividend announcements from three of our holdings.</strong></p><p>&#9989; We <strong>increased our capital stake in one existing holding</strong>, strengthening our portfolio.</p><p>&#9989; Dividend income was $984.32 last quarter, and our <strong>annualized income is now $3,888</strong></p><p>&#9989; <strong>Portfolio performance: </strong>The year-to-date total return (including dividends) is<strong> 13.94%, </strong>and since its inception (May 2022), the portfolio has delivered an <strong>annualized total return of 10.0%.</strong></p><div><hr></div><h2><strong>Background</strong></h2><p>Dividend growth investing is a long-term investment strategy that involves selecting quality stocks with a history of consistently increasing dividends and holding them for the long term.</p><p>The <strong>Magic Pants Wealth-Builder Model Portfolio (CDN)</strong> is a real-money, real-time portfolio demonstrating the principles and practices of dividend growth investing. The portfolio was launched on May 1, 2022, and has been managed in real-time since. Its primary goal is to generate a steadily increasing stream of dividends paid by quality Canadian companies. The secondary goal is to build a portfolio that generates above-average total returns over the long term (5-10 years). When I speak of average, I mean the index. In Canada, our objective is to beat the TSX Composite Index in total returns over this period.</p><p>The point here is that dividend growth investing and maximizing total returns aren't mutually exclusive.</p><p>All the decisions to buy, hold, and sell securities are real decisions about handling money. The portfolio is intended to serve as a blueprint for constructing a dividend growth portfolio, and as a living example of how dividend growth investing works.</p><div><hr></div><h2><strong>Quarterly Portfolio Review</strong></h2><p>One of our practices is to give the <strong>Magic Pants Wealth-Builder Model Portfolio (CDN)</strong> a checkup four times a year (at the end of July, October, January, and April). The basic questions are:</p><p>&#10004; How is the portfolio doing?</p><p>&#10004; Is it tracking towards its goal?</p><p>&#10004; How is each position doing?</p><p>&#10004; Should changes be made?</p><p>Let&#8217;s dive in!</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[DGI Candidate List 2025-Quality/Category/Sizing]]></title><description><![CDATA[Last updated by BM on August 15, 2025]]></description><link>https://www.magicpants.com/p/dgi-candidate-list-2025-qualitycategorysizing</link><guid isPermaLink="false">https://www.magicpants.com/p/dgi-candidate-list-2025-qualitycategorysizing</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sat, 16 Aug 2025 16:46:43 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/638a2628-3d01-4b1d-baab-387e401b9d9f_1117x750.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Summary</h2><p>To help build our dividend growth investing (DGI) portfolios, we first need a candidate list, quality ratings, categories (Core and Non-Core) and recommended position sizing. The chart below is not fixed and may be updated over the year. Check the &#8216;Last Updated&#8217; date for the most current update under the title.</p><p>We focus on quality in our DGI portfolios, with fewer stocks for higher concentration and easier monitoring. Our portfolios separate companies into 'Core' (essential to the economy with favourable dividend policies) and 'Non-Core' (typically smaller, high-growth) categories. </p><p>We set our maximum position size in &#8216;Core&#8217; companies at 8% and our maximum position size in 'Non-Core' companies at 5%. The logic behind our approach is that the sizes are small enough to allow us to include 15-20 (diversification) of the best ideas in our portfolios. We also have a greater concentration in the safest opportunities (Core) with some exposure to faster-growing companies (non-Core).</p><p>Conversely, having a minimum position size protects us from too much investment in companies whose fundamentals are not favourable in the short term. Our minimum position size range is 1-4%, depending on the &#8216;Category&#8217;. No matter the valuation, a minimum position size means we will always have a position in the companies we invest in. </p><p><strong>PAID </strong>subscribers will receive DGI Alerts when we initiate a trade within our model portfolio. The alert will include the price and position size.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[Q2 2025 Earnings Calendar]]></title><description><![CDATA[Last updated by BM on August 15, 2025]]></description><link>https://www.magicpants.com/p/q2-2025-earnings-calendar</link><guid isPermaLink="false">https://www.magicpants.com/p/q2-2025-earnings-calendar</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sun, 20 Jul 2025 13:07:19 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/2a669432-9eae-4043-ae55-f3d35d8dd0aa_1475x1010.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Q2 earnings season is now over. We look forward to the Q3 calendar earnings season, which is scheduled for later in October. </p><p>In addition to weekly earnings summaries in our newsletter, we will update the &#8216;Earnings Calendar&#8217; in the Premium Content section of the site each week until the end of the quarter.</p><p>Some companies on <em>The List</em> do not report on a calendar-year cycle. We have included their recent off-cycle earnings results in the Earnings Calendar at the top of the page. </p><h2>Summary</h2><p>Benjamin Graham once remarked that&nbsp;<em><strong>earnings are the principal factor driving stock prices</strong>.</em></p><p>Earnings and dividend growth often go hand in hand, providing insights into future dividend growth for quality companies. Regularly monitoring our dividend growers, starting with quarterly earnings releases, is a key part of the process. <em>The List</em> is sorted by reporting date, complete with the market&#8217;s consensus estimates and actual reported results. Red numbers indicate earnings below those of the previous year for the same period.</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[Wealth-Builder Model Portfolio (CDN) – Quarterly Review – As of April 30, 2025 ]]></title><description><![CDATA[Posted by BM on May 29, 2025]]></description><link>https://www.magicpants.com/p/wealth-builder-model-portfolio-cdn-ab1</link><guid isPermaLink="false">https://www.magicpants.com/p/wealth-builder-model-portfolio-cdn-ab1</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Thu, 29 May 2025 12:30:24 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/7febb7d3-fc54-4979-b551-ea54c4596da9_1200x777.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>This real-money portfolio is designed to <strong>demonstrate the power of dividend growth investing</strong>&#8212;but before we dive in, let&#8217;s talk about what we know and everyone else misses.</p><p>Most investors obsess over short-term capital gains. We don&#8217;t.</p><blockquote><p><em>&#8220;I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.&#8221;</em></p><p>- Josh Peters</p></blockquote><p>That&#8217;s our philosophy. <strong>Growing dividends drive long-term returns.</strong> As dividends rise, so do stock prices and portfolio values. The key? <strong>Process and</strong> <strong>Patience.</strong></p><p>Don&#8217;t just take our word for it&#8212;<strong>see the results yourself.</strong></p><div><hr></div><p>The <strong>Wealth-Builder Model Portfolio (CDN)</strong> is a real-money portfolio designed to demonstrate dividend growth investing in action.</p><p>This portfolio was launched on <strong>May 1, 2022</strong>, with an initial capital injection of <strong>$100,000 </strong>(invested over four years), supplemented by <strong>$12,000 in annual contributions</strong> and <strong>full dividend reinvestment</strong>. Our <strong>10-year goal</strong> is to generate approximately <strong>$1,000 in monthly dividend income</strong> by our tenth anniversary.</p><p><strong>We&#8217;re also on track to grow our portfolio&#8217;s value beyond $500,000 in that same timeframe.</strong></p><p>In an era of instant gratification, this approach reinforces the value of staying the course and letting time do the heavy lifting.</p><div><hr></div><h2>SUMMARY</h2><ul><li><p>We now receive <strong>dividend income from 20 companies</strong> spanning <strong>8 sectors</strong> of the Canadian economy.</p></li><li><p><strong>Thirteen companies</strong> raised dividends this quarter, reinforcing our commitment to growing income.</p></li><li><p>We <strong>added one new position</strong> and <strong>increased our stake in one existing holding</strong>, strengthening our portfolio.</p></li><li><p><strong>Dividend income increased 6.0%</strong> from last quarter, totaling <strong>$1,010.90</strong> for the quarter and <strong>$3,955 in annualized income</strong>.</p></li><li><p><strong>Portfolio performance: </strong>The year-to-date total return (including dividends) is<strong> 3.97%, </strong>and since its inception (May 2022), the portfolio has delivered an <strong>annualized total return of 9.18%.</strong></p></li></ul><div><hr></div><h2><strong>Background</strong></h2><p>Dividend growth investing is a long-term investment strategy that involves selecting quality stocks with a history of consistently increasing dividends and holding them for the long term.</p><p>The <strong>Magic Pants Wealth-Builder Model Portfolio (CDN)</strong> is a real-money, real-time portfolio demonstrating the principles and practices of dividend growth investing. The portfolio was launched on May 1, 2022, and has been managed in real-time since. Its primary goal is to generate a steadily increasing stream of dividends paid by quality Canadian companies. The secondary goal is to build a portfolio that generates above-average total returns over the long term (5-10 years). When I speak of average, I mean the index. In Canada, our objective is to beat the TSX Composite Index in total returns over this period.</p><p>The point here is that dividend growth investing and maximizing total returns aren't mutually exclusive.</p><p>All the decisions to buy, hold, and sell securities are real decisions about handling money. The portfolio is intended to serve as a blueprint for constructing a dividend growth portfolio, and as a living example of how dividend growth investing works.</p><div><hr></div><h2><strong>Quarterly Portfolio Review</strong></h2><p>One of our practices is to give the <strong>Magic Pants Wealth-Builder Model Portfolio (CDN)</strong> a checkup four times yearly (the end of July, October, January, and April). The basic questions are:</p><p>How is the portfolio doing?</p><p>Is it tracking towards its goal?</p><p>How is each position doing?</p><p>Should changes be made?</p><p>To provide accountability, transparency, and trust in our process, we <strong>timestamp</strong> all our trades. Each quarter, we show each purchase transaction to date to see how we are doing and how a growing dividend affects price. We don&#8217;t hide our history. When we&#8217;re wrong, it&#8217;s right there for all to see &#8211; every win, loss, and tie.</p><p>Let&#8217;s dive in!</p><div><hr></div>
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   ]]></content:encoded></item><item><title><![CDATA[Q1 2025 Earnings Calendar]]></title><description><![CDATA[Last updated by BM on May 16, 2025]]></description><link>https://www.magicpants.com/p/q1-2025-earnings-calendar</link><guid isPermaLink="false">https://www.magicpants.com/p/q1-2025-earnings-calendar</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Sat, 19 Apr 2025 19:56:00 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/0996d643-2cf9-40d7-8610-7cd78dc2162f_1475x1010.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[
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   ]]></content:encoded></item><item><title><![CDATA[We Recently Bought More Toromont Industries (TIH-T) for our our MP Wealth-Builder Model Portfolio (CDN)]]></title><description><![CDATA[Posted by BM on March 31, 2025]]></description><link>https://www.magicpants.com/p/we-recently-bought-more-toromont</link><guid isPermaLink="false">https://www.magicpants.com/p/we-recently-bought-more-toromont</guid><dc:creator><![CDATA[Brad McMillan]]></dc:creator><pubDate>Mon, 31 Mar 2025 13:59:43 GMT</pubDate><enclosure url="https://substack-post-media.s3.amazonaws.com/public/images/b82f8df1-f6a0-4569-9715-050e2ea8ccbd_400x400.jpeg" length="0" type="image/jpeg"/><content:encoded><![CDATA[<h2>Introduction</h2><p>The Wealth-Builder Model Portfolio (CDN) is a real-money portfolio designed to demonstrate dividend growth investing in action by purchasing quality Canadian dividend growth companies at sensible prices. </p><p>While we&#8217;ve expanded our <strong><a href="https://magicpants.substack.com/p/americas-dividend-growth-leaders?utm_source=publication-search">watchlists</a></strong> and <strong><a href="https://magicpants.substack.com/p/january-2025-performance-summary-e4c">model portfolios</a></strong> to include American companies<strong><a href="https://magicpants.substack.com/p/january-2025-performance-summary-e4c">,</a></strong> our Canadian lineup remains the cornerstone of our coaching approach.</p><p>We buy and sell investments based on our process, not on any schedule. We provide dividend growth investing (DGI) alerts each time we buy/sell a stock in our portfolio and then write an article explaining why.</p><p>The following article walks subscribers through our evaluation and the recent purchase of <strong>Toromont Industries </strong>for our MP Wealth-Builder Model Portfolio (CDN).</p>
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