2 Recent Buys – SPGI, BAM

BuySell

A quick update on two purchases in my portfolio last week in the midst of the correction.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $283.00. I have been building my position in SPGI slowly as the stock continues falling from its all time highs. I am still nowhere close to a full position, so I expect more purchases in SPGI if the stock keeps falling. See previous purchase here.
  • Second purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ $83.90. Another incremental purchase as I build to what is now a full position. I believe in Bruce Flatt’s stewardship and expect continued tailwinds for Brookfield as interest rates continue falling further than where we are today — thus making an even stronger case for alternative asset managers. See previous purchases here.

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

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

4 thoughts on “2 Recent Buys – SPGI, BAM

  1. Ash says:

    Great purchases. I’ve been late to the party with SPGI, but it had been on my shortlist since Christmas. BAM is one of my favourites that I try to educate new stock pickers to follow, especially if they just want a long term hold.

    • Same here on SPGI. Really late to the party and have been slowly nibbling each opportunity I get. I am still sitting pretty low at around 1% of my portfolio and want to take it to full position if this correction continues.

      Cant argue with BAM’s performance…although Ive noticed a lot of folks in fintwit have started selling it calling it too complicated to understand.

      R2R

  2. nice Road

    I dont follow spgi but bam has been a great stock. Like you mentioned above I cant understand its financial s so I haven’t started a position in them. Maybe one day.. I’m sure we will see canada lower their rate tomorrow. Should be great for certain sectors, but makes me wonder what they will do if things really go bad, or how that will effect our housing market and canadians debtloads…..

    • Hey PCI, looks like that cut in and bigger than expected. Bank stocks have taken a beating over the past days since it was telegraphed. More bidding wars for the houses of course 🙂

      R2R

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