3 Recent Buys

A quick update on three purchases in my portfolio from earlier this week.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1285.00. I first initiated a position in GOOGL in Aug 2019 and have been building my position incrementally. This is the third iteration of the purchase. See here for purchases #1 & #2.
  • Second purchase: I added to my newly initiated position in FirstService Corp (FSV.TO) @ $120.10. The company announced a $200M bought deal financing that dropped the share price allowing me to get in at a good entry point. This is still a starter position and I look forward to building it over the coming months. For more details on FSV, the investor chartdeck can be found here.
  • Third purchase: I added to my position in Toronto-Dominion Bank (TD.TO) @ $73.50. The company had disappointing earnings results for Q4 and I took the opportunity to add some shares to my position.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, FSV.TO, TD.TO. Our full list of holdings is available here.

Passive Income Update – Nov 2019

Welcome to our monthly passive income update for November 2019. 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 November 2019 was CAD$891.86, which comprised of US$246.34 and CAD$564.23 (exchange rate is US$1 = CAD$1.33).

The change for the month is 16.97% QoQ and 22.95% YoY. This brings our passive income to $8,486.03 YTD and achieves 106% of our annual goal of $8K in passive income 🙂

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Outlook for December 2019

Things are chugging along as the year wraps up and what a year it has been for the equities market. Some of the largest companies have seen record gains for the year and outlook is just as great.

On the central bank front, it appears that the US Fed is on hold for now after multiple rate cuts in 2019. The lower rates coupled with increased liquidity has given an extra boost to the stocks. On this side of the border, the Bank of Canada held steady hinting at rate cuts coming early next year. I just might hold onto my Canadian bond funds longer since the Canadian rates are going nowhere but down from here.

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Mistakes to Avoid After Receiving Financial Windfall

The following is a collaborative post by Sarah Deacon

Receiving a huge wad of cash is everyone’s dream. But if you do receive a financial windfall, do you really know what to do with it?

A sudden windfall involves coming into a substantial amount of money you may not have been expecting. It can come from an inheritance, cashing out on an investment spike, property sale, winning a lottery, or a lucrative litigation settlement.

One problem with receiving a large sum of money is that people tend to think that they have much more wealth than they actually do, and that it will last forever. Consider how 78% of NFL career players who earn ridiculously high salaries go broke within three years of retirement. No matter how big your windfall is, if you make avoidable mistakes, you can still end up not achieving financial independence.

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2 Recent Buys – FSV, EQX

BuySell

A quick update on two purchases in my portfolio from last week.

  • First purchase: I initiated a new position in FirstService Corp (FSV.TO) @ CAD $122.00. I have had my eye on FSV for about a year and finally pulled the trigger on a starter position. FSV is real estate operating company (REOC) company with operations in US & Canada (95/5 split). This company flies under the radar for different reasons, but is an excellent capital allocator; has a long runway of organic and acquisitive growth; dominant competitive position; market leader in a fragmented market; owner-operator management team, dividend grower (just a 0.65% starting yield though) … and the list goes on. The IR chartdeck has detailed info & can be found here.
  • Second purchase: I added to my position in Equinox Gold (EQX.TO) @ CAD $7.88. I originally bought Equinox in May 2018. The company is chaired by the legendary Ross Beaty, who is a serial entrepreneur and has built some of the largest silver mining companies in world. His first company was the same name and Beaty has mentioned that he wants to bookend his career with two companies called Equinox, so this could possibly be his last endeavor. Equinox is a mid-tier gold producer (about 200-230K oz/yr), but has big ambitions to become a major producer (mostly via acquisitions). To date, Equinox has executed perfectly since my first purchase including: raising investments from Mubadala (the Abu Dhabi investment vehicle for UAE), consolidating shares 5:1, cross-listing on NYSE; graduating from TSX-V to TSX (effective today Nov 25, 2019). Management has communicated that next step is to get included in index funds (such as GDXJ and/or other funds) following the cross-listing and graduation to TSX, which should open up the company for more institutional funds to flow. Most companies struggle to execute on all these promises, but EQX has delivered and I continue to be bullish on this name.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long FSV, EQX. Our full list of holdings is available here.