Merry Christmas, and Happy Holidays to all of my fellow investors. I hope you are all enjoying the holidays with your friends and family. Today I am going to share with you my final purchase of 2018. The stock that I purchased is not a new position in my portfolio, in fact this is the third time I have purchased the stock this year. However this time I bought it in a different account. The stock that I bought was Inter Pipeline.
As mentioned above this is the third purchase of the year for me of this company. I watched the share price fall below $20 and thought it was a good opportunity. Before this purchase I only had the stock in my Tax Free Savings Account, and now I have added it in my Registered Retirement Savings Plan.
Why did I add it to a different account?
Well I did this purely for the dividend income. Over the last few days I have been trying to come up with goals for 2019 and I am leaning towards investing less next year and this buy will help me fund other purchases. Inter Pipeline currently pays $0.1425 per share monthly. I have turned the dividend reinvestment plan off for my accounts in order to build up my cash positions. After this purchase a couple of concerns arise, Inter Pipeline is one of my largest holdings and the energy sector has become a very large part of my portfolio. I will try and address those concerns in the future.
The Purchase
In order to fund this purchase I decided to sell the rest of my shares (165) in my ZDY ETF. I temporarily lose $140.58 in dividend income.
On December 18th I purchased 255 shares of Inter Pipeline @$19.77 per share.
Dividend Income
As mentioned above Inter Pipeline currently pays a monthly dividend of $0.1425 and with this large purchase my monthly income will increase $36.34 and $436.08 annually.
Well folks thanks for reading. Have you been buying any stocks lately with the volatility on the stock market? Please feel free to comment below.
Thanks
Matthew
All About The Dividends 
How much IPL do you hold overall? I have about 530 shares and will buy more once cash builds up in my account again.
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I now hold 496 shares of IPL 🙂
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Nice switch from ETF to IPL! I have a feeling the stock will pop 10% in January!
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Thanks! It would be nice if the stock did pop in January. Happy New Year!
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Interesting buy. Why did you sell ZDY? Seems like it provided diversified dividends.
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ZDY did provide diversified dividends. I chose to sell to increase my dividend income from a solid company. That income is going to help me buy more US stocks in the future. I know at the moment from the diversified aspect my portfolio is weaker because I lose some exposure to the US market,
but in the long run I will benefit I believe.
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