3 Recent Buys – NVO, CBW, CHV

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Here’s a quick update on three more purchases in my portfolio in the past few days. This time, I have two new purchases and one addition.

  • First purchase: Who likes to catch falling knives? Apparently I do…Over the last couple of weeks, I have initiated and added to new position in Novo Resources Corp (NVO.V). Its seen some downward pressure and I am already in deep red with this position. Still, I believe that there is potential for some great returns here. For those unfamiliar, Novo Resources is a gold exploration company that is focused in the Pilbara region of Western Australia. There has been a new gold rush in the region, with junior companies staking claims on land packages — and Novo holds a nice big chunk, most of it on its own while some is in joint venture with Artemis Resources. Novo has got a lot of hype lately and has seen the stock price shoot up after some good initial results, but some sample results lately have put a damper and the stock has been punished. I have clearly got in too early, but am willing to hold through the next set of results that come in January. This is the good thing about resource sector — as long as the gold is present in the ground, you can just sit back and wait for the market to turn. I bought in three tranches and currently hold 1,000 shares at an average cost basis of CAD$7.25. See corp presentation for more details about the company.
  • For the second purchase, I added to an existing position in Cannabis Wheaton Income Corp (CBW.V), with 3,000 shares @ CAD$0.85. This is my second purchase of the company and I wrote more details about this company in my first post (click here for details).
  • The last purchase for this iteration is a another weedstock. I initiated a position in Canada House Wellness (CHV.C), a small cap vertically integrated licensed producer. Instead of rehashing, I will simply link to this great post from Deep Dive, which details the company. I initiated with 3,000 shares @ CAD$0.315.

What do you think of these purchases? Share your thoughts below.

7 Ways People in Their 30s Can Prepare for Retirement

The following is a guest post

By the time you reach your 30s, you should have already gotten a head start toward saving for retirement and for your children’s future. However, life doesn’t always happen as planned, especially when children enter the picture, our employment situation changes, or we’re hit with unexpected medical bills.

Here are eight steps 30-year-olds can take to better their future.

Determine what your ideal retirement looks like

The key to saving for retirement is steadily putting away money, cutting down on unnecessary costs, creating a sound investment plan, and getting the most out of your paycheck and benefits. But the first step any couple or individual in their 30s needs to take is determining what their ideal retirement looks like.

Would you like to live in a wealthy community, travel a bit and even help your children and grandchildren out? Make sure you plan accordingly. It’s no secret that you can’t rely on Social Security to support you through a comfortable retirement. In fact, Social Security benefits will only serve as padding to a well-planned retirement fund that has grown over the years.

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Recent Buy – BAT

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I have bought another token 🙂 A recent purchase in the digital asset space increases my exposure and diversifies my investments. In this particular case, instead of a cryptocurrency, I have bought a utility token.

Regular readers are aware that I have been exploring and learning more about the blockchain/crypto/digital asset space over the course of last few months. In October, I participated in my first ICO/token sale and bought Aion-1 (AION) as I believe that the project has a lot of promise. You can read the details here. As I continue to explore the space, I am coming across some fantastic ideas that have limitless potential — and it excites me as this now opens up the startup space not only to the elite VCs in Silicon Valley or an investment fund in NY, but to anyone and everyone who wants to join and fund the project and bet on the space.

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Crypto Mining with Genesis Mining

Since the start of this summer, I have been very intrigued with the crytocurrency and blockchain space. Its hard to miss the mania in the space, as some of the currency returns have gone parabolic. I started off with buying a small amount just to get my feet wet and as I look at learning more about the space, I started getting interested in mining the coins.

Like almost everyone out there who is interested in it, I wanted to mine the currency myself, but ran into some technical issues and reading more I realized that individual mining does not yield much, esp for the really popular currencies like Bitcoin (BTC) and Ether (ETH). You need specialized ASICs for Bitcoin and good GPUs for Ether to make it worth your while. So, I started looking for other options such as cloud services to pool mining operations. While this looked like an interesting option, I didn’t move on this front for a while. Until very recently.

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2 Recent Buys – PAAS, ABCN

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A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions in my portfolio in the commodities and marijuana sectors.

  • First purchase: I added 50 shares of Pan American Silver Corp (PAAS.TO) @ CAD$18.88. This week’s quarterly results saw a drop in the revenue and earnings. PAAS hit some roadblocks during the quarter and there is nothing fundamentally wrong with the assets or the management’s execution. This was a great opportunity for me to nibble and add more shares as investors punished with a 8% drop in share price post-earnings. The company continues to drive average costs down, and continues to exceed previous targets for the year.
  • Second purchase: Following up from my initial investment in a MMJ stock last month, I bought a second tranche with 1,500 shares in ABCann Global Corp (ABCN.V) @ CAD$0.99.

Full Disclosure: Long ABCN.V, PAAS. Our full list of holdings is available here.