FI3000

Well I haven't been a very active buyer this year but I did just recently pull the trigger on CVS Health Corporation. I don't think this is going to be a home run but will fit in nicely as one of my core holdings that I intend to hold indefinitely.  I'm projecting an annual return in the 7 to 10% range. Here's some of the relevant financial metrics as well as some of my rational for buying. -Dividend Yield: 2.6% -Payout Ratio: 36.5% -Current Ratio: 1.1x -PE: 16 -2017 Forard PE: 13 -Annual Dividend Growth Rate over the last 10 years: 27.1% -Demographic tailwind, we're getting older as a country. -Has been negative affected by the political uncertainty regarding health care in the US. Like all things I believe this uncertainty will pass and when it does the stock will rise. ABOUT CVS "CVS Health Corporation, together with its subsidiaries, is an integrated pharmacy healthcare company. The Company provides pharmacy care for the senior community throu...

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and RESPs. ASSETS : June Contributions: $0 Retirement Portfolio: $465,920 (down $2,264 - stock market losses) Rental Property: $80,000 (purchase price) Total Retirement Assets: $545,920 (down $2,264) LIABILITIES : Investment Loan: $38,797 (down $677) Rental Property Loan: $79,278 (down $496) Total Liabilities: $118,075 (down $1173) Retirement Portfolio Net Worth: $427,845 (down $991) Dividends Received (year to date): $6,713 (up $1,682) We didn’t make any new contributions this month and our investment portfolio was down another 0.5%. Normally, I would be pouring more money into the markets but this year I’ve been keeping a lot of it in our savings accou...