Rocky’s Weekly Stock Picks
DIVIDEND FIFTEEN SPLIT!
This week we are jumping the shark, and diving right in!
DVSPF - $3.95/share, with a very cryptic payment schedule. Off our initial investment, we saw a 7.5% yield over the year. At the time of purchase, the price was $5.85/share.
We had to look into our quarterly history to figure this one out, since there’s basically not much information available for Dividend-15 Split. Also, you have to buy by the lot (100 shares is a ‘lot’).
This stock trades on TSX, which is the Toronto Stock Exchange (we’re pretty sure). It’s Canada, regardless of our accuracy in regards to the acronym. In any case, this is a solid money maker, and is within reach of even the most modest retail investor.LTC - $32.05/share, 7.2% annualized yield. We love this REIT. We love this so much, in fact, that every staff member (including founder and owner) of Rockydennis Presents has this bad boy in their IRA on DRIP.
Typically the main advantage of a DRIP is the avoidance of a taxable event, which is moot inside an IRA. Most of our IRA dividends go straight into cash (which is a solid strategy at the moment, given interest rates).
None of that matters, just buy more LTC - and we don’t mean Litecoin! (Don’t buy Litecoin).LTCN - $10.64/share, this is Grayscale Litecoin Trust. Expense ratio of 2.5%, Jesus Christ. Which is funny because the current price is only 2.5% of its initial marginal value.
That’s pretty much all we know about this security. Also, the same company has a Bitcoin ETF approved. We haven’t even bothered to look and see if it’s listed yet. Don’t buy Litecoin directly, but if you must be exposed…use this fund.
Tread lightly, this one might dry up. The only potential saving grace is the sheer fact that it still exists.WMMVY - $39.75/share, 4.85% distributed semi-annually. This represents Mexican Wal-Mart.
We’re not joking. There are ADR fees involved, and may only be available in the OTC market.
TradeStation and Fidelity both have commission-free trades for over-the-counter stocks. Freaking sick!WMT - $162.38/share, 1.4% yield. Regular Wal-Mart has gone the route of price preservation, at the sacrifice of dividend yield.
The best way to acquire this stock is through ESOP, but most of us already have jobs that don’t involve being at Wal-Mart. If your job sucks, though, you might as well start a Wal-Mart journey. They’re super easy to advance through if you aren’t scared to work.
This writer can’t do it. This writer hates everyone and everything that everyone does. Even just being public-adjacent is too much. Nope, can’t do it. (But we’ve seen some of their W-2’s….holy crap that place pays waaay better than internet memes would lead you to believe).
