Taxable Account (Canadian Dollars)
For investment purposes I started with Questrade as my broker of choice on October 1, 2013. I wanted to have a tax sheltered account there but sadly Questrade doesn't allow registered accounts for Non Canadian citizens. As a patriotic, proud and unfortunate Cuban, I had to suck it up and go with the taxable version (or Individual Margin as they call it) while I waited for the Canadian citizenship.
As with the rest of my activity I have been totally transparent publishing all my purchases and reasons behind them. All my positions are publicly disclosed here. I haven't been reporting my monthly income from the dividends in individual articles as I think it is too boring but you can see them as well on the link I previously shared.
I am pleased to report that I beat the Canadian TSX index:
Oct. 1, 2013 to Oct. 31, 2014
The Lazy Trader: +16.12%
Canadian TSX: +14.56%
Taxable Account (American Dollars)
Because I'm invested in American large caps, my benchmark for this account is the Dow Jones Industrial Average. Unfortunately I underperformed the Dow:
Oct. 1, 2013 to Oct. 31, 2014
The Lazy Trader: +8.41%
Dow Jones: +14.92%
The dividends reflected on the above table are 15% lower as the non resident withholding tax has already been deducted.
I'm not feeling bad about this relative under-performance as there is significant capital that was added recently while the Dow has had an entire year to grow. For example I recently added to my position in Chevron (just last week) and I also added to my Exxon investment just a month and a half ago. That capital wasn't paying me dividends throughout the entire year, let alone enjoying capital gains. So, late investments in the year plus dividend taxes withheld made me under-perform and that's no surprise. Overall, I'm relatively satisfied with the results. Notable laggard was McDonalds, but it is not a real concern. I think long term it will continue to be a dominant player in the fast food industry. You have to trust them after so many decades.
Combining both, the Canadian account and the American account, I'm up +12.37% after deducting non resident dividend withholding taxes from the American companies. Otherwise the return is around 13%. I'm happy with that number, specially considering the two factors explained earlier.
I'm glad to be invested in all these companies that reward shareholders with periodical, growing dividend payments and happy that I finally got started.
As for my Tax Free Savings Account (TFSA), I just got started less than 3 months ago, so I'll leave that analysis for late 2015.
Check out Investment portfolio with Transactions history, Dividend payments etc
Invest and retire before you die - The Bank of Nova Scotia (BNS)
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ETF Rotation Systems to beat the Market