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Sunday, June 7, 2015

Welcome in my TFSA portfolio Brookfield Infrastructure Partners LP (BIP.UN)!

Recently, Derek Foster invested in one of my top favorite: Canadian National Railway Company (CNR). I hold CNR in both my TFSA and non-registered account. In my non-registered account, CNR pop up to a +84 profit. I haven't been holding CNR in my TFSA account long enough to see a result., I am at -4.78% there. I agree with Derek with this new one, Canadian National Railway Company currently trade at a low value and it worth it to buy now - if possible inside your TFSA if you have any contribution room left - and hold on for many many years and just watch the capital gain going higher and higher.

I was excited to see that Derek Foster is finally getting back into Canadian stock, but unfortunately, CNR is nothing new to me, thanks to Susan Brunner. So I had been checking around for a new stock. Despite having a few thousands at my disposal since Glendel disappeared from the Canadian stock market, I haven't invested a penny, which is very unusual. At my early beginning, it was easier to invest because I wasn't holding nothing. But after investing for a few years now, it became harder and harder to invest. One reason being that I already hold many good stocks. And another reason is that I want to make sure I am making the best investing moves. 

As for the best investing move, nothing is never sure. However, I am always confident of all my investment choices and I never have any doubt when I decided to finally make that next investment. Another extraordinary life moment happen today when, after a couple of days, not to say a couple of weeks, I decided it was time to buy something new for my already very good looking portfolio.

I decided to invest in Brookfield Infrastructure Partners LP (BIP.UN). This new investment bring my annual dividend income to $6 201 and 92 cents (and I am not counting here my RRSP dividend because they are out of reach). Another cool investment could had been Canadian Imperial Bank of Commerce (CM), but at this time, I found CM not cheap at all and since its more expensive, I decided to go with BIP.UN for now. My order will go on tomorrow morning.

2 comments:

Finance Journey said...

Good move DG, Keep it up.

BIP.UN is one of the best diversified infrastructure company with high quality, long lasting asserts. And of course with juicy dividend.

I am holding BIP.UN and BEP.UN since 2012, and they gained more than 50% with dividends. I am planning hold them forever.

Ensure keep these Limited partnership stocks in your TFSA or RRSP accounts to avoid unwanted tax.

Happy investing!

Swesal Piraal said...

BIP.UN is subject to US withholding tax in a TSFA

 

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