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The Weekly Lineup: From POT to Gambits

A DRIP money treeThis week I’ve been working on getting my DRIPs (Dividend Reinvestment Plans) setup for BMO, Fortis, and Telus. The first step of course was to get some share certificates, and I owe a big thank you to another dividend blogger and personal friend for setting me up with those! ;)  Today I had a bit of time in the afternoon and finally filled out the paperwork to apply for the Reinvestment Enrollment (or DRIP). That was the easy part, as the paper-work was straight forward. The next step will be to fill out the OCP (Optional Cash Purchase) forms, so I can add to my stock positions over time.

While far easier to purchase shares through a discount broker, I really wanted to have a better understanding of the full DRIP process with a transfer agent. My initial experience with the transfer agent Computershare was less than stellar. As I’ll explain in my post next week, you really have to be a DIY (Do It Yourself) investor if you want to DRIP!  But if you are willing to tackle the beast by the horns, then you can save a huge amount in commissions and fees by purchasing your stocks this way – literally!

Posts around the Web

Learn more about why dividend stocks can be one of the the best long term investments for your retirement portfolio.

This week, Vicky at Vix Money discusses why her portfolio has gone to POT! (That’s Portfolio Optimized for Taxes). Remember the bottom line is the TFSA shelters your investments from only Canadian income taxes, but not foreign taxes. The RRSP shelters your investments from both Canadian and Foreign taxes.

At BankNerd.ca, (fee only) financial planner Thomas Jensen asks What Are Closed End Funds? He discusses the advantages and cost savings they have over regular open-ended mutual funds. I’m generally not a buyer of any actively managed mutual fund, but for those who might be interested this is an excellent post!

After selling Exxon, Dividend Mantra discusses his recent buy. What did he buy? Well you will have to read his post of course! As usual Mantra provides a very detailed record of what he buys and sells. If you subscribe to his blog, then you can also follow his dividend journey!

Over at Young & Thrifty, Insurance specialist Brian Poncelet discussed Critical Illness Insurance and Why You Need It. The question you need to ask yourself, is if you became critically ill or disabled, would you want to deplete all your savings, investments, and cash? Probably not! So as Brian points out, that is where Critical Illness Insurance comes into play. And I love the info graphic in the post – which is reason enough for a visit. ;)

The Passive Income Earner wrote a great post on the all important Emergency Fund. But he put an interesting spin on it with Define Your Emergency Fund Roadmap. A very thorough viewpoint of not only why you need one, but at what points in your life those funds may come into play!

The Canadian Couch Potato had a phenomenal post on how to purchase US Dollar investments for your RRSP, in A New Way to Sidestep Currency Conversion Costs.  He devised a gambit of how to avoid the nasty foreign currency exchange charges that discount brokers impose when buying and selling US securities. Unfortunately, Ram at the Canadian Capitalist came up with the idea before him!

Sigma Swan is back, and he’s written an interesting post on one of his favourite companies in, Is Boston Beer Choking On It’s Long Tail? This is a classic example of what happens when a company loses its core vision or values, and attempts to diversify into too many different brands. When a company loses its way and the CEO and board are divided, it can either be a good value play or time to bail out. ;)

Beating the Index also had a phenomenal post on Natural Gas Stocks: Beware of Declining Natural Gas Prices. I also tried the NG value play back in 2010, thinking NG had hit a record bottom, and we all know the story since then! Natural gas prices continue to move lower… Fortunately I decided to sell my Encana shares for a small profit at $32 per share in 2011, and I’m glad I did considering the current price of around $20 per share. Since then Encana has continued to sell its assets likely to generate revenue and create working capital. Like the Canadian life insurance sector, the NG sector might also be a good value play. But if you are thinking of getting in on this play, then you should read this post first! ;)

The Ninja was also featured in…

The Dividend Ninja was also featured in the following finance carnivals. Thank you!


A reminder to Newsletter Subscribers, if you haven’t already be sure to subscribe to the Ninja with Google’s Feedburner!  We are publishing most of our material now through the blog, including weekly lineups, and some stellar guest posts planned for the future. We don’t want you to miss out! ;)

Have a nice weekend everyone! :)

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11 Responses to "The Weekly Lineup: From POT to Gambits"

  1. Ninja, thanks for the mention!

  2. Hey Ninja!

    Thanks for the mention- I liked the post too but it certainly wasn’t as popular as your dividend income vs blogging income post lol ;)

    I think most of the posts I have talking about death and dying and disability don’t fare so well, unfortunately! :(

  3. Hi there!

    I love to see that you are still producing high quality post and information about dividend investing. I have linked you a couple of years now – with my hope that more people will find your blog and learn about dividends!

    I have also noticed that my site has become more and more popular, but I have not updated so much. Wich is sad. But that’s going to change!

    I have now updated the design and started a Facebook group, hope to see you there! :)

    But I’m thinking of changing my stocks links… Now I have links to every stock information. And many link targets is now error pages because of updates on those website.

    I was thinking of making my own target link for every stock: a company information page for every link in my calendar!

    What do you think of that plan? :)

    Keep on!

    Best regards from Sweden.

    • Magnus Thanks so much for dropping by! It’s been a long time hasn’t it? Not quite two years, but getting close :)

      I’m not surprised your site has become popular, becuase I don’t know anyone else providing a dividend calendar! Keep up the good work.. Yes I love your idea, but don’t forget to link back to us as well ;)

      Keep in touch.

      Cheers
      The Dividend Ninja

  4. Thanks for including me in your weekly lineup Ninja!

    Hope you’re having a great weekend. :)

  5. Thanks!

    I will keep your link for sure! :)

  6. Hey Ninja, when are you going to ditch the cold and come over for a holiday?

  7. Chuck says:

    I too sold my Encana shares for a small gain. I like the direction of this article. I also envy this site…it is easy on the eyes.

    • Chuck Thanx for dropping by! Yah good move on selling Encana, but I’m still keeping an eye on the NG sector. At some point it has to be a great value play, and by the time everyone else figures that one out – it will be too late. Thanx for the compliments on the site as well, see u around the Yakezie network. ;)

      Cheers

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