2020 Top Investment Picks – Q3 Update

At the beginning of the year, I put together a list of Top Investment Picks for 2020 from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q3.

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How to Know if Your Broker is Legit?

Following post was contributed by Justin Weinger

Is your broker an ethical businessperson who works for a licensed, registered firm? If you value your financial health, you had better make sure. Even in this age of doxxing, it pays to spend an hour or so checking out the background and reputation of any company to whom you will be transferring large sums of money. There are some unscrupulous players out there, but in all fairness to the industry, there aren’t nearly as many as there used to be. It’s also important to remember that every sector of the economy has its bad apples, so it’s always wise to do your research before choosing a brokerage firm. Here are some easy and effective ways to weed out the potentially unsavory entities as you begin your search for an investment advisor or broker/dealer.

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3 Recent Buys – AMZN, MELI, CSU

BuySell

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

BuySell

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.