Bought Some More Stock Today
Bought some stock in Pengrowth Energy Trust[PGH] today. Its a Canadian stock that pays out a strong 11.60% annual dividend on a monthly basis. The ex-dividend date is August 29th so I thought I’d get in before the cut-off date.
Since I think the US dollar is headed down in the long run, this is a good hedge against it while also getting a great dividend. There are a lot of canadian stocks that give out a good dividend. They’re kind of like REITS in the US. If they promise to pay out most of their profits as dividends, they aren’t subject to double taxation. They sometimes have the words “income fund” or “income trust” in their name.
Now, if I only had a million bucks, I’d be able to live off the dividends!
If you found this post helpful, consider donating to my coffee fund!- Got A Free IPOD TDAmeritrade had a promotion sometime back. If you open an account and put a certain amount of money into it, they'd give you a free Ipod. I had already put that exact amount into the account 2 weeks before so I called up and asked if they'd send me a......
- North Korea's Nuclear Testing Causes Earthquake North Korea actually performed nuclear tests over the weekend resulting in a 4.2 magnitude earthquake. Lets see if this shakes the stock markets and causes a spike in gold prices. Oil is over $60 per barrel again. I filed gas this weekend for $2.30/gallon. Haven't seen these prices for nearly......
- Buying Canadian Income Funds For Passive Income (and Financial Freedom) Yesterday, I bought some more Canadian Income Funds, also called Royalty Trusts or Canroys. As I mentioned before, I recently refinanced a property and I managed to pull some money out (totally tax-free!). Rather than spend the money on an SUV or a big-screen TV, I opted to divide the......
Related Websites
- Best Canadian Income Trusts Post 2011 Conversion . According to Michael Dechter, Canadians should look at their income trusts in terms of the business they operate to decide whether they will still be good investments following the 2011 conversion to corporations. Dechter says that the investment will continue to be good whether or not the company decides......
- Customizing a Budget It is a good idea for you to put together your own unique budget work sheet when it comes to getting started in setting up a budget for your household. Make sure that the categories and the information that you use to plug in your budget information pertains to your......
- Investing for Baby Boomers - A Book Review "You're Fifty - Now What? Investing for the Second Half of Your Life" (Charles R. Schwab) I admit it, I'm a baby boomer. That means I read books with words like "fifty" in the title, including this one. It could have been titled "Investing for Baby Boomers" (as I've listed it in the......
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August 24th, 2006 at 2:07 pm
How it works? Are they sending a check on monthly basis? Say, if I have 200 units, I’ll get monthly check around $44 (0.22/unit now)?