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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