Recent Sell – CDB, RNX

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A couple of sales in my portfolio. This time with big losses on a couple of wildcard equities that didn’t work out.

I had taken a couple of speculative positions in some junior mining companies that did not play out and decided to close and take the loss. Luckily for me, these were relatively small investments and although the percentage amount is huge, the dollar amount wasn’t too bad.

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3 Recent Buys – BAM, BCE, EVI

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A quick update on three purchases in our portfolios. It is getting harder and harder to find good value plays as the market seems be pushing the boundaries on the valuation front. With a lot of stocks trading close to 52-week highs, pickings have been pretty slim. However, due to an oversized cash position, I decided to pay up and put some capital to work.

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Passive Income Update – Apr 2019

Welcome to our monthly passive income update for April 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 April 2019 was CAD$867.66, which comprised of US$120.87 and CAD$705.69 (exchange rate is US$1 = CAD$1.34).

The change for the month is 17.45% QoQ and -15.29% YoY. This brings our passive income to $2,705.87 YTD and achieves 33.8% of our annual goal of $8K in passive income.

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Outlook for May 2019

It’s earnings season amid record low volatility — which is turning out to be interesting to watch.

Companies are clearing the low set thresholds easily with comparable or declining revenues and high earnings thanks to the record buybacks. For instance, Apple’s latest quarterly result show very similar numbers as they were four years ago, but trading at high price thanks to the reduction in share count.

On the central banks front, non-US central bankers are caving to the reality. From the Canadian CB to a handful of European CBs, all have changed their tones and dropped the rate hike bias completely — and already discussing rate cuts. This week’s communication from the Fed also confirms that rate hikes for this cycle are over.

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2 Recent Buys – BIP, TD

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A quick update on a couple of purchases in our portfolios. It is getting harder and harder to find good value plays as the market seems be pushing the boundaries on the valuation front. With a lot of stocks trading close to 52-week highs, pickings have been pretty slim. However, due to an oversized cash position, I decided to pay up on a couple of strong companies and add to my existing positions.

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