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.