October 2020, Buys/Sells – $687.10 Additional Dividend Income

Hello everyone, in October 2020, the market were very volatile because of the US election and Covid 19 pandemic. Realistically, when the market dipped, as a long term investor, we went shopping for more good long term holding stocks.  As a result, we were very busy of buying and selling stocks in the month of October. In addition, we started to add more growth stocks to our portfolio since July 2020.  Ideally, we wanted to bring our ratio 80/20 between dividend and growth stocks. 

In October 2020, there were total 17 transactions (3 sells and 14 buys).   The total amount of the Three Sell transactions were $13,920.27.  We took profit of our growth stocks and deployed the profit to different stocks.  The total amount for 14 buys were $62,896 of stocks (Growth and Dividend). 

Finally, the total cash $48,975 was deposited to our accounts to cover all transactions in the month of October.

This month, the total amount $12,629 were used to purchase dividend stocks to increase our annual dividend come by $687.10.   The rest of the money were deployed to buy growth stocks.  See the list below for all transactions were made in October 2020:

Date	Number of Share	Ticker	Amount	Dividend
Oct 02/2020	Buy 74	TSE:NPI	$2992.19	$88.80
Oct 02/2020	Buy 5	JNJ	$755.28	$20.20
Oct 02/2020	Buy 100	TSE:ENB	$3856.95	$324.00
Oct 02/2020	Buy 68	TSE:TD	$4188.82	$214.88
Oct 02/2020	Buy 60	ARKG	$4020.10
Oct 02/2020	Buy 100	RKT	$2234.95
Oct 09/2020	Buy 200	DKNG	$10049.90
Oct 12/2020	Buy 30	ARKK	$2835.50
Oct 13/2020	Buy 200	NIO	$4284.95
Oct 14/2020	Buy 100	SQ	$17083.30
Oct 19/2020	Buy 14	O	$835.85	$39.22
Oct 19/2020	Buy 200	IPOB	$4526.90
Oct 19/2020	Buy 200	IPOC	$2158.95
Oct 23/2020	Buy 200	SBE	$3036.90
Oct 30/2020	Sell 100	TSE:WELL	-$816.10
Oct 30/2020	Sell 1000	CVE:DOC	-$2750.05
Oct 30/2020	Sell 200	NET	-$10354.82

Northland Power Inc (TSE:NPI)

Northland Power Inc., an independent power producer, develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

Currently, NPI is paying $1.20 or 2.78% of dividend annually.  It has a 3-Year Dividend Growth Rate of 4.91% as of today.  We liked the business of the company and the growth of this company.  As a result, we added a new position 74 shares of NPI  and increased our dividend income by $88.80 annually.

Johnson & Johnson(JNJ)

Johnson & Johnson researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. 

Currently, JNJ is paying $4.04 or 2.95% dividend income per year.  During the past 5 years, the average Dividends Per Share Growth Rate was 6.20% per year.  We believed that JNJ was company that you could hold forever. Therefore, we add 5 more shares to our current holdings of JNJ .  Annually, this purchase increased our dividend income by $20.20.

Enbrige Inc. (TSE:ENB NYSE:ENB)

Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services.

The company has paid dividends for over 69 years to its shareholders. In December 2019, Enbridge announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. This translates into $3.24 dividend per share on an annualized basis for 2020. Over the past 25 years, the dividend has grown at an average compound annual growth rate of 11%. During the past ten-year period, the first annual payment was $0.74 in 2010, compared to $3.24 in 2019. Dividends per share have grown at approximately 16% per year over this time. 

We believed that the yield for ENB was too attractive and the dividend should be safe because the company had a very strong cash flow. As a result,  we added another 100 shares of ENB to our existing holdings that would increase our dividend income by  $324.00 annually.

Toronto Dominion Bank (TD)

The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company operates through three segments: Canadian Retail, U.S. Retail, and Wholesale Banking. This bank is second largest bank in Canada and the fifth largest bank in North America (by the number of branches).

The bank has paid dividends for over 163 years to its shareholders. In February 2020, TD Bank announced a 7.0% increase to its dividend per share, increasing the quarterly dividend to $0.79. This translates into $3.16 dividend per share on an annualized basis for 2020. Over the past 10 years, the dividend has grown at an average compound annual growth rate of 9.70%. During the past ten-year period, the first annual payment was $1.22 in 2010, compared to $3.16 in 2020. 

We liked the yield of TD  and their dividend growth. As a result,  we added another 68 shares of TD to our existing holdings that would increase our dividend income by  $214.88 annually.

Rocket Companies Inc. (RKT)

Rocket Companies, Inc. engages in the mortgage business in the United States. It is involved in originating, processing, underwriting, and servicing predominantly government sponsored enterprises-conforming mortgage loans, as well as Fair Housing Act, U.S. Department of Agriculture, and U.S. Department of Veteran’s Affairs mortgage loans. The company offers its mortgage loans in 50 states through the internet, national television, and other marketing channels. It also offers title insurance, property valuation, and settlement services; online marketing and lead generation services; online-based personal loans; and car sales support services to car rental and online car purchasing platforms. 

Over the past 5 years, RKT has the 5-Year Avg. Revenue Growth of 28.61%.   The 5-Year Avg. Profit Growth is 16.83%.

We liked the  grow of this company. Therefore, we added a new position of 200 shares of RKT to our portfolio. 

DraftKings Inc. (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States. The company provides users with daily sports, sports betting, and iGaming opportunities. It is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook, and casino gaming products. The company distributes its product offerings through various channels, including traditional websites, direct app downloads, and direct-to-consumer digital platforms. 

DraftKings Inc. is the leader in online sports betting and gambling.  The company is a potential strong growth in a demanding market.  This was a speculative buy for us.  Therefore, we bought a new position 200 shares of DraftKings to our portfolio. 

NIO Limited (NIO)

NIO Limited is often referred to as ‘Chinese Tesla’.  The company designs, manufactures, and sells electric vehicles in the China, Hong Kong, the United States, the United Kingdom, and Germany. 

The company is a growth company because China has massive ambitions for electric vehicles (EV), and it seeks 25% of all car sales in the country to be EVs by 2025, Financial Times reports.  This is our speculative play for us because there are many risks involving this new company.   We bought 200 shares of NIO with the believe that one day this company could catch up with Telsa in the EV market.  

Square, Inc. (SQ)

Square, Inc. (Square) is a commerce ecosystem.  It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions.  

With its offering, a seller can accept payments in person via magnetic stripe (a swipe), Europay, MasterCard, and Visa (EMV) (a dip), or Near Field Communication (NFC) (a tap); or online via Square Invoices, Square Virtual Terminal, or the seller’s Website. and Payment Card Industry (PCI) compliance. 

On the consumer (buyer) side, Square Cash offers individuals access to a way to send and receive money.

Over the past 5 years, Square has the 5-Year Revenue Growth of 454.41%.   The 5-Year Earning Growth is 115.74%.  These growth numbers are very impressive.

We believed this company has tremendous potential to disrupt the financial sector. Therefore, we added a new position of 100 shares of SQ to our portfolio. 

Social Capital Hedosophia Holdings Corp. II (IPOB)

Social Capital Hedosophia Holdings Corp. II focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Opendoor, a leading digital platform for residential real-estate has agreed to merger with black check company, Social Capital Hedosophia Holdings Corp. II. 

Founded in 2014, Opendoor has reinvented the real estate transaction, offering an on-demand, digital experience to buy and sell a home. Opendoor enables homeowners to sell and buy online in a few taps of a button, providing greater simplicity, certainty and convenience than ever before. Since its founding, the Company has served over 80,000 customers and sold over $10 billion of homes. In 2019, the company sold more than 18,000 homes, generating $4.7 billion in revenue.

This is a speculative play with the believe that this company would disrupt the residential real-estate business.  Therefore, we bought 200 shares of IPOB for long term holding.

Social Capital Hedosophia Holdings Corp. III (IPOC)​

Social Capital Hedosophia Holdings Corp. III focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the technology industries primarily located in the United States.

Clover Health, a Next-Generation Medicare Advantage Insurance has agreed to merger with Social Capital.  Today, Clover is the fastest growing Medicare Advantage insurer in the United States – among insurers with more than 50,000 members – and serves more than 57,000 members in 34 counties across 7 states.

Medicare Advantage is one of the largest and fastest growing markets in the U.S. healthcare system.  Medicare Advantage is worth $270 billion today and with an estimated value of $590 billion by 2025. It provides a tremendous opportunity for growth.

This is a speculative play with the believe that this company would disrupt the Medicare Advantage insurer.  Therefore, we bought 200 shares of IPOC for long term holding.

Switchback Energy Acquisition Corporation (SBE)

Switchback Energy Acquisition Corporation is another Special Purpose Acquisition Company (SPAC).  On Sept. 24, Switchback announced that it had merged with ChargePoint.

Founded in 2007, ChargePoint is a category creator in EV charging, helping to make the mass adoption of electric mobility a reality.

ChargePoint designs, develops and manufactures hardware and accompanying software, as well as a cloud subscription platform, for electric vehicles. The company might be best-known for its branded public and semi-public charging spots that consumers use to charge their personal electric cars and SUVs, as well as its home chargers. However, ChargePoint also has a commercial-focused business that provides hardware and software to help fleet operators manage their delivery vans, buses and cars. In all, the company has more than 115,000 charging spots globally. ChargePoint also offers access to an additional 133,000 public places to charge through network roaming integrations across North America and Europe.

This is a speculative play with the believe that this company would have a huge growth in the EV industry.  Therefore, we bought 200 shares of SBE for long term holding.

Realty Income Corporation (O)

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. 

To date, the company has declared 601 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 107 times since Realty Income’s public listing in 1994 (NYSE: O).  Realty Income is paying $2.81 or 4.78% annually for the current year.  It has a 5-Year Dividend Growth Rate of 4.6% as of today.  Patiently waiting and when the stock dropped below $60/share, we added another 14 shares to our existing holdings.  Annually, this purchase increased our dividend income by $39.22.  We will continue to monitor this company because we still want to add more shares of the Monthly Dividend Income.

Conclusion

In October, we spent total of $48,975 .  To sum up, we bought total of $12,609.06 of dividend stocks comparing to $50,231.15 spent to buy growth stocks.  The ratio is 1:4 between dividend stocks vs growth stocks.  We are still keeping the  plan of using the profit from growth stocks to buy more dividend stocks for income. With all the selling and buying, we were able to increase our dividend income by $687.10. For the next few months, we will concentrate on increasing our dividend income.  

Thanks for reading.  How was your October?  Did you buy anything?

Sam