Mr. Worldwide

As I mentioned before, each month that comes along brings fresh opportunities to invest. My business gets paid, and most of the money can be invested.

Now that we’re in August, my cash-on-hand has risen to 44.2%. That’s a 4% increase due to the new money coming in. I have to transfer it from where it is to my brokerage account, which will take a few days.

I’m feeling more confident about my current portfolio, and I think going forward, much of the new cash will just be added to existing investments. I haven’t figured out how I want to balance the portfolio, but I can see myself being “about even” with most of the individual picks. There’s no reason why any specific stock needs to be overweight when I’m trying to keep risk down and income up.

Also, the portfolio is currently returning 7.8% annually in yield, which translates into 0.5% per month in added income. Some of that gets automatically reinvested, but some of it does not. So there will be a slow accumulation of cash in the brokerage account that I can deploy as I see fit.

Most of my money is in Canada, and some is in the US, but I am now starting to accumulate more in Europe. (That’s not a flex, I promise.) So today, for the first time, I bought some stocks on a European stock exchange (Germany!) from my European account. So fancy!

I bought some BMW shares. I think they will do well with their future electric vehicle lineup. And I am quite surprised that they pay a 7.5% dividend. I didn’t find out about the dividend until after I bought the shares.

I am kind of disappointed at the lack of choice from the European side. I don’t see any of my Canadian stocks that can be bought from there. Good thing that many of them have US listings as well. I don’t see any of the really good ETFs that I invest in from Canada. So I will have to either be more simple (index funds) or pick individual stocks (like BMW), which is riskier.

I suppose index funds are the likely way to go.