Recent Buy – GOOGL


A quick update on a recent purchases in Baby R2R’s portfolio from last week.

Frequent readers may be aware that in addition to the education fund, I run a Nest Egg fund for Baby R2R where I earmark a portion of my portfolio and track it as part of her Nest Egg.

In early 2019, I had bought BCE Inc (BCE.TO) and added that to Baby R2R’s portfolio, but I have decided to reverse that call as I don’t see much growth in that stock going forward. I want to hold stocks for her that have a better growth profile over the next 20 years and have a good reinvestment in the business rather than focused on dividend payouts. I have not sold the BCE shares, and continue to hold them in my portfolio.

With the above goal in mind, I have decided to add Alphabet Inc (GOOGL) to her portfolio. I was able to initiate a position @ $1,470.00.

Full Disclosure: Long BCE, GOOGL. Our full list of holdings is available here.

Passive Income Update – Jan 2020

Welcome to our monthly passive income update for Jan 2020. This is part of the scorecard series where we track our dividends and other sources of passive income. We also include changes and updates related to our investments during the month – showing the overall progress.

Passive Income  Update

Passive income for the month of Jan 2020 was CAD$832.78, which comprised of US$76.74 and CAD$731.48 (exchange rate is US$1 = CAD$1.32).

The change for the month is 15.04% QoQ and 12.73% YoY. I am setting a $10K goal of passive income for 2020, so this achieves 8.3% of the goal.

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Outlook for February 2020

It’s earnings season and the investing world gets weirder by the day. In this bizzaro world largest companies in the world have their stock gap up 8% (Amazon) or gaps down 8% (Facebook) after earnings release. A move of this type was the domain of microcaps, not a $900B/$600B company. Regardless, the expensive market keeps getting more expensive and the pocket of opportunities keeps shrinking — atleast in the US market.

On the central bank front, the bond market is all but pricing in two rate cuts by the Fed. Liquidity still continues to flood the market which is evident as the money sloshes around in the system.

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Online Sources of Reliable Information on Retirement Planning

The following is a 3rd party contribution.

According to Bloomberg, a Government Accountability Office report found that 48 percent of people over 55 years of age have nothing saved for retirement. Three-fifths of people over 55 have no pension plan. Thus, they will be forced to rely upon Social Security benefits alone in their old age. Of those aged 35 to 64, about 41 percent expect to run out of money sometime during retirement.

Retirement planning is key. It is also important to find reliable and honest sources of retirement planning information. Sadly, we have likely all heard about scams and Ponzi schemes that have ripped off consumers who were diligently trying to save for their golden years. Where can one find vetted information on retirement planning?

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Books I read in 2H 2019

2019 turned out to be another great year for knowledge compounding by reading a wide variety of books. I took a┬áconscientious decision in the recent years to quit some social media platforms such as Facebook and Instagram and whittling away my overusage of Twitter (although Ive been failing at this one). I still see a lot of value in Twitter, so I find it hard to quit completely — especially since I get to connect with some brilliant people and have/follow interesting ideas and conversations.

In addition to quitting social media, I made a decision to reduce my consumption of news. Most of today’s news – be it financial media, political media etc is nothing but drivel that generates excessive noise, and I wanted to get rid of that from my life.  These little changes opened up so much time; allowing me to do more of what I wanted to do for the past few years: read more books.

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