Passive Income Update – Oct 2017

Welcome to our monthly passive income update for October 2017. 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 October 2017 was C$834.25. The passive income for the month comprised of US$414.66 and C$299.34 (exchange rate is US$1 = C$1.29).

Passive income change is +36.99% QoQ and +39.75% YoY for the month. The passive income YTD is $7,211.05 and achieves 72.1% of our annual goal of earning $10K.

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Recent Buy – AION

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I’ve been meaning to write about this for a while, but haven’t had the chance until now. Better late than never…

I participated in my first ICO/token sale in the digital asset/crypto-space in early October! The experience was interesting to say the least and I went through various steps in the process, which gave me a better understanding and practical experience of the cryptoworld. It’s one thing to read about how coins are transferred and are visible on the public blockchain, but actually performing this transaction gave me a lot of confidence for future use of this space. Anyway..back to the topic of the token sale.

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Outlook for November 2017

The stock markets is starting to melt upwards! The mania continues as investors pile into equities and last week saw top 3 tech companies Amazon, Microsoft and Alphabet add $144B to the market cap in just one day, equivalent of one whole IBM. Yet, everyone continues to convince themselves that this is a fundamentals-driven market. Nothing can be further from the truth. This is purely a valuations-driven market as investors pay a higher multiple on almost every metric out there — from stratospheric P/Es, P/Bs, P/Ss etc. The following chart from Hussman Funds puts the median price-to-revenue ratio of S&P 500 stocks into perspective.  
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3 Recent Buys – KL, CBW, ABCN

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Here’s an update on some recent purchases in my portfolio. For this round, I have one purchase adding to my largest position in the portfolio and two new positions and a new endeavor in a new sector.

First purchase: I added to my position in Kirkland Lake Gold (KL.TO) after the continued pressure. The gold market is seeing headwinds in the last few days and KL got beaten down on no news. In fact, the cards are all in favor of KL outperforming and leading the pack in the mid-tier sector as the amazing news keeps flowing. The financials are stellar, the flagship mines are running smoothly, grades are also improving on a regular basis, new discoveries provide added tailwinds, new partnerships are being formed securing future production. It is really hard not to like this company. Its already the single largest exposure I have in my portfolio and I continue to average UP — something that most investors do not do. I added 100 shares of Kirkland Lake Gold @ CAD$15.25.

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Recent Sell – Hive Blockchain Technologies

A quick update on a sale in my portfolio.

Last month, I opened a new position in a little known company that has seen a tremendous interest in investors and seen massive gains. The company in question is Hive Blockchain Technologies (HIVE.V). I indicated in my purchase post that I broke all my rules and took a gamble with this investment. It’s a company that I did not know much about and the financials were also a bit murky when it IPO’d — still it was a play on investor psychology and momentum and I decided to take a gamble. I knew there was a dearth of blockchain related companies in the capital markets and the risk/reward scenario was good enough for me to take the risk. That risk paid off as I witnessed a 200+% return in just over a month.

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