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Sunday, October 16, 2011

My next investment: Firm Capital Mortgage Investment Corporation (FC)

My non-registered portfolio closed last Friday session at 104 515$. Some interesting dividend had kick in recently also. I am also looking forward to make my next investment this week. After going through an article of Gordon Pape, I decided to invest in one of his proposals, Firm Capital Mortgage Investment Corporation (FC). The dividend yield is of a very good 7.464%, 1.01$ per share annually.

I decided to pick Firm Capital Mortgage Investment Corporation (FC) to add up to my dividend income. Currently, without adding any special dividend distribution, my annual dividend income is of 6 500$. I am trying to find a balance between picking good quality blue chips and a good dividend yield. Blue chips yes, but most of them pay very little in dividend and can be very boring to hold. So adding up some stuff like Firm Capital Mortgage Investment Corporation (FC) can help to provide diversification and a good dividend yield as well.

I had taught of adding some ENB, BA and VE in my portfolio, but for this upcoming investment, I have something between 500$ to 600$ to invest. FC stocks are cheap, and since I just had 500$-600$ to invest, I was looking for something of the price range of FC. FC closed last Friday session at a bit more than 12$ per share. This makes Firm Capital Mortgage Investment Corporation (FR) an affordable investment and top of all that, the chart is very good.


Anonymous said...

Excellent post. Good explanation on the reasons for choosing the next company.

6500 in dividend income is impressive.

Sunny said...


Anonymous said...

I'll buy a cheap car because I can't afford a better one and hope it doesn't break down.

Anonymous said...

don't buy a stock because it's cheap, gives you a juicy dividend and this what you can only afford at the moment. bank's yield = 4-5%, this company gives 8% (almost double...). I've never heard about this company, can i go the street corner and get a mortgage from them? i think not...


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