3 Recent Buys – AMZN, MELI, CSU

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A quick update on a few recent purchases in my portfolio. I used the recent correction in Nasdaq to add to my positions.

  • First purchase: I added to my position in Amazon (AMZN) @ $3,175.00. I continue to put a big portion of my portfolio into FAMG names as I believe the big tech companies will keep growing and have tremendous potential with their global reach.
  • I added to my position in MercadoLibre (MELI) @ $1,100.00. MELI gives me exposure to EM markets focused on Latin America as e-commerce and payments sees tremendous tailwinds. The company is well run and this looks like an attractive position to add.
  • I added to my position in Constellation Software (CSU.TO) @ 1,480.00. My largest position by far. I have gone overweight on this name as the current weakness took the stock price <$1500. CSU makes approx 10% of my overall portfolio.

Full Disclosure: Full list of holdings is available here.

Outlook for August 2020

Q2 earnings season is in full swing and the big (and small) tech are knocking it out of the park. Trillion-dollar companies are jumping higher by 5-10% in a matter of hours. Tech stocks may be the most crowded trade, but it is also seeing immense tailwind that has accelerated adoption rates & provides a clear path for increased growth over coming years.

It also looks like inflation is being stoked left, right and center. In the US, fiscal stimulus is expected to continue until the end of the year and monetary stimulus expected until next spring. In other words, no one is taking the punch bowl away, so party on!

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3 Recent Buys – BIPC, MSFT, ADYYF

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A quick update on a few recent purchases in my portfolio.

  • First purchase: I added to my position in Brookfield Infrastructure Corp (BIPC.TO) @ CAD$62.50. Brookfield raised $275M by issuing shares, so I decided that it was a decent price to add to my position here. Recently, I changed my LP units to the C-corp units as I see a higher demand from rest of the investors for a simpler corporate structure.
  • Second purchase: I continued building on my position in Microsoft Corp (MSFT) @ $205.79. A bit pricey at current level, but great companies with a visibility to continued growth demand a premium in this market & I decided to nibble more here.
  • Third purchase: I added to Adyen NV (ADYYF) @ $1575.00. This is my third iteration of purchasing Adyen shares (see purchase #1 & #2 here). The stock has taken off since my initial purchases in May & June, but still decently priced considering the relative valuation in the US market.

Full Disclosure: Full list of holdings is available here.

Baby R2R’s Portfolio Update – Q2 2020

This post is part of the series where I share the progress of Baby R2R’s investment portfolio. I started documenting this in Q3 2017 and intend to provide quarterly updates.

Baby R2R was born in Spring 2016 and a few months later, I setup her education fund to which I contribute on a regular basis. We live in Canada, so we take advantage of the RESP program (Registered Education Savings Plan), an account type where we can save and invest for our child’s secondary education. In addition to tax advantages, we also receive an education grant, which matches upto 20% of the saved amount (upto a max of $500 per year). How can anyone say no to free money? 🙂

In addition to the education fund, we also decided to start a Nest Egg fund, where we save and invest for Baby R2R and let compounding do its job over the course next couple of decades. The two accounts take different approaches to investing strategy.

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Quarterly Update – Q2 2020

Welcome to the quarterly update for Q2 2020. This is part of  a series where I track our financial progress on a quarterly basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.

1. Investment & Portfolio Update

Q2 2020 saw robust growth in portfolio value after a turbulent Q1. I continued investing aggressively over the course of the quarter with some re-initiations and some new positions in the portfolio.

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