The month of June 2022 is now behind us.
The Russian invasion of Ukraine is still the major topic in the news. When will this ever end? This has added to the inflation woes right across the world. Here in Canada, gasoline is over $2.00 per liter in a lot of provinces.
The Alberta government gave Albertans extended the relief at the pumps for another 3 months. The provincial gas tax has been suspended for another 3 months starting July 1. Gasoline is around $1.90 per litre in a major city in Alberta.
We are inching closer to the federal conservative party electing a new leader. This will push pressure on the federal liberal government to get their act together.
The stock market is dropping as fears of a recession are taken hold across the world. We have seen interest rates rise and threat of more interest rate increases in the near future. The S&P500 is down 20.25% YTD and the S&P TSX Composite Index is down 11.18% YTD. The latter is not down as much as the former, and this is due to Canada has lots of energy companies in their index.
With a recession , we see the stress on people's faces as the threat of layoffs increases. As we have seen with COVID 19, no job is safe.
Please note that if some brokerages DRIP shares when there is no DRIP program by the actual company. This DRIP is when the brokerage buys the shares directly off the public market stock exchanges.
As of July 1, 2022 , the total value of the portfolio is $169852.56 . This is a 6.65% decrease over last month's total. That is a large decrease.
The portfolio is estimated to produce an estimated $7123.83 dividend income over the next 12 months. This is an increase of $303.94 CAD , or 4.46%. Some of the dividends in the Canadian stocks section are paid in US dollars, which are converted to Canadian dollars.
Disclosure: Long aforementioned stocks
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice. Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.