Wednesday, November 19, 2008
Friday, November 7, 2008
Telus has just announced that they are increasing their dividend from $0.45 to $0.475 per quarter. That's only a 5.5% increase, but considering the current state of the markets, it's nothing to sneeze at.
I own Telus through the Dividend ReInvestment Plan, so I can purchase more shares of the company without paying any fee. Furthermore, the increased dividends are used to automatically buy more shares of the company.
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Thursday, November 6, 2008
My beliefs are that the company still has good prospects in the next decades. It's been through recessions before and survived. It pays a nice dividend (over 6% right now), so I can afford to wait until the share price recovers.
Monday, November 3, 2008
Assets ($135 276, down 2.6% from $138 843)
- Bank Accounts $3 291 (down 33% from $4 945)
- Emergency Funds 3 340 (up 23% from $2 720)
- RRSP Accounts $32 527 (down 7.7% from $35 253)
- Non-Registered Investments $9 660 (down 1.6% from $9 818)
- Home $86 100 (stable)
Liabilities ($64 391, down 1.5% from $65 341)
- Credit Cards $2 306 (down 25% from $3 097)
- Mortgage $55 469 (down 0.2% from $55 588)
- Heat Pump Loan $6 597 (down 0.7% from $6 650)
- Line of Credit $0 (stable)
Credit card debt has gone down a lot, but the trend will reverse in November since I am having big car repairs done, which will be on a 12-month no interest financing. There was quite a bit of movement between my bank accounts, as I moved some money to fund my new TFSA account at ING to take advantage of their promotion. I also put more money than usual into my non-registered investment (through my DRiPs) to take advantage of the currently depressed market prices. My plan is to keep doing that as long as the prices remain good. Now is not the time to increase my cash position.