Last week I added to one existing position and initiated a new position.
For the first purchase: I added to my position in Algonquin Power & Utilities Corp (AQN.TO). The stock price has come under a bit of pressure lately, and I managed to add more shares to my sizable position. I added 100 shares @ C$13.00 adding an extra US$46.6 in annual dividends, a yield of 4.38%. I have already detailed various reasons on why I am bullish on this stock, so I will simply point to previous posts on this stock.
Second purchase: I initiated a new position in my portfolio with Fairfax India Holdings Inc (FIH.U.TO). The stock provides exposure to the Indian market, where the economic growth is phenomenal, as India is expected to carry the bastion for global economic growth from China. While the size of Indian economy is not quite the size of China’s there is plenty to like about the Indian economy. Instead of going with an index fund, I decided to choose this as I have been watching this holding company since inception. The holding company is headed by Prem Watsa, touted as Canada’s Warren Buffett, and follows the Berkshire Hathaway model.