Wealth-Builder Model Portfolio (CDN) – Quarterly Review – As of April 30, 2024
Posted by BM on May 29, 2024
“I measure our progress primarily on the basis of the income we are collecting and the growth of that income through dividend increases.”
- Josh Peters
SUMMARY
The Wealth-Builder Model Portfolio (CDN) is a real-money portfolio designed to demonstrate dividend growth investing in action.
Thirteen companies in the portfolio increased their dividends this quarter.
We added two new stocks and topped up three positions in the portfolio this quarter.
We earned $667.73 in dividend income this quarter, up 6.5% from the previous quarter.
The portfolio now generates $2,978 in annualized income.
The portfolio has a total return Year-To-Date of 14.18%.
The portfolio has a compound annual growth rate (CAGR) since inception of +12.34%.
BACKGROUND
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.
The Magic Pants Wealth-Builder Model Portfolio (CDN) 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).
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.
With an initial capital injection of $100,000, dividend reinvestment and annual contributions of $12,000, the 10-year target is to achieve ~ $11,400 annual income by the tenth-anniversary date. The MP Wealth-Builder Model Portfolio (CDN) – Business Plan can be found here.
