Passive Income Update – June 2017

Welcome to our monthly passive income update for June 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 June 2017 was C$677.54. The passive income for the month comprised of US$193.07 and C$426.55 (exchange rate is US$1 = C$1.30).

Passive income change is +0.29% QoQ and -41.14% YoY for the month. The passive income YTD is $4,226.77 and achieves 42.2% of our annual goal of earning $10K.

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2017 Top Investment Picks – Q2 Update

At the beginning of the year, I put together a list of top picks from the investment community and track them on this website. This is just meant to be a fun exercise to see how the picks do. As part of the process, I intend do provide quarterly updates on the picks to see how they are doing. This is the update after Q2.

Note that you can track the progress anytime by going to the Stock Picks page.

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Outlook for July 2017

Markets continue their march higher, week after week. June turned out to be another month with the market hitting all time highs. Nothing seems to worry the investors these days. Why would it, especially when you have the Fed chair saying that we will not see another financial crisis in our lifetime. No need to worry right? 😉 If there was any doubt of hubris in the market, this should be it, imo.  
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Recent Sell – Critical Elements Corp

A sale in my portfolio after a while. It is always hard to sell when things are going well. I was faced with this conundrum last week, but decided that it was time to take my profits and enjoy the fruits of my patience in a microcap stock that I owned for just over a year.

I sold 4,800 shares and closed my position in Critical Elements Corp (CRE.V) at C$1.01.

There is nothing wrong with the company whatsoever and still provides one of the most promising and lucrative deals in the Lithium space. The Rose project in Quebec is one of the best upcoming projects out there and the company has done a great job. In addition, the company also has an offtake agreement with Helm AG, which makes it an ultra secure play in the space. However, the returns were tempting enough for me to take my profits after the recent rally.

I bought shares over the course two months in May and June of 2016 in three separate tranches. Average cost basis was C$0.61. So, this trade netted me a neat 61% total return.

Total Profit: $1,776 (61%)

Holding Period: 12-13 months

Full Disclosure: Our full list of holdings are available here.

Recent Buy – Inter Pipeline Ltd

Inter Pipeline Ltd

As the market continues its relentless climb, I have been weary and finding it harder to find some good investment opportunities. The purchases have all but dried up in my portfolio. However, I was finally able to pull the trigger last week when I saw a pretty good opportunity in the energy sector. Midstream/pipelines were one of the best performers in 2016 and the stock picking competition resulted in Top 3 to be pipelines. However, they seemed to have pulled back a bit this year, and I decided to add to my existing position.

I added 100 shares in Inter Pipeline Ltd (IPL.TO) @ C$26.00. The company pays C$1.62 in dividends annually and currently yields 6.15%.

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