3 Recent Buys – BAM, BCE, EVI

BuySell

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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Recent Buy – Brookfield Asset Management

A new purchase in Baby R2R‘s portfolio this time. Regular readers may be aware that I started a two-part portfolio for Baby R2R earlier this year. The first part is related to her education fund that is invested in index funds and I make regular monthly contributions to that fund and dollar-cost average over time. The second part of the portfolio is what I call her Nest Egg Fund.

The Nest Egg Fund

The idea behind the Nest Egg Fund is simple and straightforward. Contribute $100/month and let the investment compound over the next few decades. Instead of going with a taxable account in her name, I have earmarked a portion of my tax free investment account, so that I can avoid paying dividend and capital gain taxes.

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