I’ve accumulated nearly $1,700 of cash in my model portfolio. Now, it’s time to put some of that money to work.
If you’re lazy like me, the nice thing about dividend investing is that it’s largely a passive exercise. Once you buy the stocks, the dividends roll in every quarter – or every month in some cases. You don’t have to lift a finger.
To benefit from the magic of compounding, however, you do have to get off the couch once in a while to reinvest your dividends. True, you could enroll your shares in a dividend reinvestment plan to make the process automatic, but I prefer to reinvest my cash manually so I can take advantage of stocks that are attractively priced.
That brings us to today’s topic.
Shares of the two telecoms in my portfolio – Telus Corp. (T-T) and BCE Inc. (BCE-T) – have both suffered double-digit percentage drops from their highs last spring, as rising…
