2 Recent Buys – CSU, BIP

BuySell

A quick update on two purchases in my portfolio from last week. These will probably be the last purchases of the year.

  • First purchase: I added to my position in Constellation Software Inc (CSU.TO) @ $1,229.48. I had already built up a full position, but the recent pullback was too enticing to ignore. I decided to go overweight and add more to my CSU position. This is my fourth iteration of the purchase. See previous purchases here.
  • Second purchase: I added to my position in Brookfield Infrastructure Partners LP (BIP.UN.TO) @ $65.40. The announcement to split between LP & C-corp sent the shares soaring over the past few months and the recent pullback finally allowed me to add more to my position. A current yield of just above 4% is a decent price to pay, with a dividend growth announcement of between 5-9% expected in Feb 2020.

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

Full Disclosure: Long CSU.TO, BIP.UN.TO. Our full list of holdings is available here.

Recent Sell – EVI, BBB

BuySell

A bit of portfolio cleanup with a couple of recent sales in my portfolio. As mentioned in my monthly outlook posts, I am looking for portfolio simplification (and getting rid of weak names in the portfolio).

First sale: This documentation is a bit dated since I sold this in October, but never officially wrote about it. I sold my small position in EVI Industries (EVI) and booked a loss. Its a company that has been hyped up and while there are some really interesting aspects of the company that I like, I am not completely convinced if it has a place in my portfolio.

Total loss = 10.3% (holding period = approx 6 months)

Second sale: I closed my position in Brixton Metals Corp (BBB.V). This is a commodity exploration company with assets in Canada. After a big range of ups & downs over the last couple of years, I have decided to liquidate it since I needed to raise some cash for other purchases. I had made up my mind to sell this a while ago, but was hoping for a recover in stock prices — maybe it’ll come, but I see better opportunities elsewhere. So, taking a big loss on this one.

Total loss = 61.9% (holding period = approx 1.5 yrs)

Full Disclosure: Our full list of holdings is available here.

Top Investment Picks Contest for 2020

Hi all,

I am compiling a list of top investment picks from the investing community. There is no prize, except bragging rights  As usual, this is meant to be a fun exercise to capture our collective ideas.

You can follow previous year’s picks here.

I have reached out privately to some of the people I regularly interact with, but if you haven’t heard from me, and would like to participate, please get in touch with me and I will add your entry. Be sure to include

  1. Your (blog) name
  2. Your top investment pick for 2020
  3. Reason why you think the pick is the best asset to invest in.

You can pick any asset you like – a stock, bond, commodity, a cryptocurrency etc. Please get your picks in before Dec 31. I will compile the list and post it on the blog in early January and track it through the year.

Best Regards,
R2R

3 Recent Buys – GOOGL, FSV, TD

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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