RRSP account ready to fly now.

I now have my RRSP transferred. Those mutual funds really crapped. I know I cashed out half back when they peaked and I had the paperwork ready to liquidate the rest but just never sent it in, procrastination cost a lost that time.

Now I want to get some decent dividend stocks on the wish list mixed up in financials, energy, perhaps some gold and a trust or two. I have a bunch that I am familiar with so I will start going over those this weekend.

Generally speaking the financial and energy sectors have had a decent rally so I will wait for the pullback to enter these.

Meanwhile, I may buy some of the Horizons BetaPro bear ETFs for these sectors as they weaken in preparation for the decline. Seeing as I cannot just short sell the stocks themselves. I am considering just using the bear ETFs as a hedge in order to remain in the dividend positions. In theory I should be able to gain on the ETF twice the loss of the stock, roughly, due to their leverged effect. If that works out OK then it lets me remain long in the stock and still collect any dividends and perhaps use the synthetic DRIP method as well as still growing my portfolio.

Hedging with bear ETFs can eliminate the need for setting stops on good dividend stocks. I will eventually need to compare that plan with using the protective put strategy but I feel that the puts are a good hedge plan for large positions, not me yet.

In order to take advantage of synthetic DRIPping I need to have a position large enough that the dividend payment equals at least one share value or it just gets deposited as cash.

The upside is that each position will grow, slowly at first, the down side is once I have an odd lot I can no longer use stops, not really a concern though. Alternately is the idea of just letting the cash grow and adding to positions manually, preferably in even lots. This lets me add my cash contributions to the dividend cash and pick and choose exactly where to best spend the money at the time, perhaps not even on of the existing positions.

Lots to think about anyway.