Since the end of 2016, I have been mostly on the sidelines accumulating cash. The market has been on an unrestricted run upward and it has been difficult to really find great deals on high quality dividend payers. I did add one share of Amazon (AMZN) in a move to hedge my retail stocks and am hoping to continue building on that position as it declines.
As I mentioned in my “Q1 and Q2 Passive Income Totals,” I have earned just over $1,400 CAD on a currency neutral basis through the first half of the year. Most of this has been a result of reinvesting dividends actively and through passive dividend increases from the companies I own. The beauty of dividend growth investing is that you can still make progress even without adding much in terms of outside funds to the portfolio.
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