2 Recent Buys – BCE, XLY

BuySell

A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions.

  • First purchase: I added 60 shares of BCE Inc (BCE.TO) @ $53.40. I’ve had my eye on the telecom sector for a while and after a lot of lowball offers that did not get executed, I decided to up my offer a bit and finally got filled. BCE owns interests not only in the telecom, but expanding heavily into the media & content business. With the stock yielding 5.6%, the purchase adds a nice $181.20 in forward annual dividends.
  • Second purchase: I added 2000 shares in Auxly Cannabis (XLY.V) @ $1.07. The company has recently undergone some transition and changed name from Cannabis Wheaton Income (CBW) to Auxly Cannabis. Auxly remains a great financier in the field of cannabis and has a great leadership team with Chuck Rifici as CEO. A sector in its infancy, there is immense chatter about buyout and large investment targets, esp with the large alcohol companies targeting Canadian LPs for marijuana-flavored drinks. I am a little disappointed with the price I paid since I was looking to add at $0.75, but my trade didnt get executed (missed it by $0.01), and the following day the stock rallied massively. Still think its a decent price and my ACB remains well under $1.

Full Disclosure: Long BCE.TO, XLY.V. Our full list of holdings is available here.

Personal Challenges & Habit Formation 2

This blog has always been finance and investment related, and I never shared much on the personal front. However, I figured I will share some of my personal goals that I have struggled with & achieved so far in 2018 — just because its something that I have been reading & thinking a lot about recently and find it interesting. My major personal goal for 2018 was related to habits (and habit formation). Over the years, I had fallen into some bad habits while letting go of the good ones; so I am making a conscientious effort to change things one month at a time.

These small incremental changes can have a profound effect over time. The benefit (and detrimental effect, in the reverse case) of compounding is something most investors are well aware of. Same concept applies to life and building those marginal gains and compounding them. This article from James Clear and the associated image conveys this point well.

You will notice that most of these challenges are health related. After finance, most of my focus & passion surrounds health. In addition, I am always looking to optimize things so that I can live longer and healthier life. I wrote about Jan-Apr update in spring. This is a follow up post revisiting all challenges since Jan + new ones from May-Aug.

Continue reading

Passive Income Update – Jul 2018

Welcome to our monthly passive income update for July 2018. 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 July 2018 was CAD$635.15, which comprised of US$61.30 and CAD$555.46 (exchange rate is US$1 = CAD$1.30).

The change for the month is -37.99% QoQ and +4.29% YoY for the month. This brings our passive income to $5,537.86 YTD and achieves 50.3% of our annual goal of earning $11K.

Continue reading

Outlook for August 2018

August already?! This year is running by. Interesting times in the market. Looks like the two of FANG darlings have fallen into correction/bear market territory (Facebook and Netflix), which I think is just the start of things. The correction in Facebook should be a reminder that investment mood changes on a dime in the market. The share of overall market by the big 5/6 tech companies comprises a big share of the pie, something that has sent me running for the hills for the better part of the year.

Continue reading