Portfolio Update – Novo Nordisk Purchased


In an effort to be transparent I like to keep my readers up to date on my portfolio changes. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice. An added bonus is that it makes me a better investor as I have to rationalize my investing decisions in a blog post. This helps take some of the emotion out of my investing. For the most up to date portfolio changes follow my twitter account as I will usually tweet the day I buy or sell stocks and then follow-up with a blog post sometime later.

Searching for Healthcare Dividend Growth Stocks

I recently re-discovered Novo Nordisk [NVO Trend] while trying to come up with a shortlist of dividend growth stocks I’d be willing to invest in by sector. As a Canadian dividend growth investor it is difficult to invest in the healthcare sector as there aren’t good candidates in Canada. Naturally, I started looking outside Canada to fill in the gaps to my portfolio. This led to

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Wide Moat Stocks In The US Dividend Champions List

Bodiam (A Very Special) Castle!

antonychammond / Foter.com / CC BY-NC-SA

I like to invest in undervalued dividend growth stocks that have a sustainable competitive advantage. Today I’m going to talk about the second part of this phrase as I’ve already written quite a bit about how I determine target prices and how to identify undervalued dividend growth stocks.

Warren Buffett is famous for investing in companies with a sustainable competitive advantage and even coined the term “wide economic moat”. The phrase refers to the difficulty of invading a castle with a wide moat. The same theory applies to companies. If a company has a wide moat then it is difficult for its competitors to gain market share or take profit from the company the same way it is difficult to invade a castle with a wide moat.

Characteristics of wide moat companies are having an established and well known brand, or having pricing power with a large portion of market demand. These help act as barriers against companies

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