3 Recent Buys – BAM, BIP, CU

BuySell

A quick update on three recent purchases in my portfolio. No new companies in the portfolio in this edition, but continued adding to my existing positions where I saw relatively good valuation.

  • First purchase: I added 50 shares of Brookfield Asset Management (BAM.A.TO) @ CAD$63.70. BAM continues to acquire high quality assets all around the world and is arguably the best alternate asset manager in the world. The stock yields 1.32% and adds US$32.00 in annual dividends.
  • Second purchase: I added 50 shares of Brookfield Infrastructure Partners LP (BIP.UN.TO) @ CAD$57.10. The stock yields 4.6% and adds US$100.50 in annual dividends.
  • Third purchase: I added 100 shares of Canadian Utilities (CU.TO) @ $35.95. CU currently yields 4.7% and this purchase adds a further $169.00 in annual dividends.

What are you thoughts on the purchases above. Leave a comment below.

Full Disclosure: Long all stocks mentioned. Our full list of holdings is available here.

Books I read in 1H 2019

2019 is turning out to be another great year for knowledge compounding by reading a wide variety of books. I took a conscientious decision in the recent years to quit some social media platforms such as Facebook and Instagram and whittling away my overusage of Twitter. I still see a lot of value in Twitter, so I find it hard to quit completely — especially since I get to connect with some brilliant people and have/follow interesting ideas and conversations.

In addition to quitting social media, I made a decision to reduce my consumption of news. Most of today’s news – be it financial media, political media etc is nothing but drivel that generates excessive noise, and I wanted to get rid of that from my life.  These little changes opened up so much time; allowing me to do more of what I wanted to do for the past few years: read more books.

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Baby R2R’s Portfolio Update – Q2 2019

This post is part of the series where I share the progress of Baby R2R’s investment portfolio. I started documenting this in Q3 2017 and intend to provide quarterly updates.

Baby R2R was born in Spring 2016 and a few months later, I setup her education fund to which I contribute on a regular basis. We live in Canada, so we take advantage of the RESP program (Registered Education Savings Plan), an account type where we can save and invest for our child’s secondary education. In addition to tax advantages, we also receive an education grant, which matches upto 20% of the saved amount (upto a max of $500 per year). How can anyone say no to free money? 🙂

In addition to the education fund, we also decided to start a Nest Egg fund, where we save and invest for Baby R2R and let compounding do its job over the course next couple of decades. The two accounts take different approaches to investing strategy.

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Quarterly Update – Q2 2019

Welcome to the quarterly update for Q2 2019. This is part of  a series where I track our financial progress on a quarterly basis. I present three parts in this series: (i) Investment & Portfolio Update, (ii) Passive Income Update, and (iii) Goals Update.

1. Investment & Portfolio Update

Q2 2019 saw a some decent activity in our portfolio.   We added to the following positions.

We closed position in

We continued adding to index funds as well as shown in the image below.

Q2 saw 5 dividend increase announcements in our portfolios. The following calendar provides a quick overview of changes in our portfolio.

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