2 Recent Buys – SPGI, FSV

BuySell

A quick update on two purchases in my portfolio.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $294.00 last week. SPGI still remains a small position in my portfolio and I continue to buy every dip until I get to a full position. SPGI is one of the beneficiaries of the growing worldwide debt markets as each issued bond needs to get rated by SPGI (and other rating agencies). There are of course other segments of the business in addition to the Ratings segment growing well quarter after quarter. This is my second iteration of the purchase. See previous purchase here.
  • Second purchase: I added to my position in FirstService Corp (FSV.TO) @ $144.94. Another position that has remained relatively small and I continue to build up as I want to increase the relative size of this position in my portfolio. FSV is a real estate operating company with majority of its operations in the US. This is my third iteration of the purchase. See previous purchases here.

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

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

4 thoughts on “2 Recent Buys – SPGI, FSV

  1. JC says:

    I’ve been meaning to set aside some time to look more into SPGI. I’m thinking of picking a basket of several companies that I just slowly build up positions in until better opportunities come up.Especially now that my broker is $0 commission and fractional shares.

    • SPGI is definitely worth a look. Im just kicking myself for not looking into earlier…its one of those gems hiding in plainsight.

      Good that you have the option of $0 commissions & fractional shares…alas not a reality here in Canada 🙁

      Best
      R2R

  2. I don’t know much about either of these…that said I love your style. Just slow and steady–keep building up long term holds of companies you believe in for the long haul.

    Slow and steady wins the race! Keep it up my man!

    Cheers

    • Its a lesson I learned the hard way when I went in heavy handed on a few investments few years ago and overpaid. Now, I practice what someone had a nice way of putting it: “the long buy”…buying small quantities over a long term…that way, my emotions are more tempered and depending on my learnings about the business, I can modulate my conviction level and size the position appropriately.

      R2R

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