Recent Buy – FNV

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A quick update on a a recent purchase in my portfolio.

The recent strength in US$ has sent commodities and precious metals plunging, and with it all gold focused equities have taken a beating. This provided an ample opportunity to add to one of my core positions in probably the best company in the space. I added 50 shares of Franco Nevada (FNV.TO) @ CAD$79.90. FNV is a streaming and royalty company, with lucrative deals in the gold, silver and oil&gas space. The deal structure is so good, that Franco has to literally do nothing for the next 30 years and will have increasing revenue and will be able to pay a rising dividend to shareholders. Now that is a sleep-well-at-night kind of stock. Franco Nevada is also a dividend grower, having raised dividends for 10 consecutive years. Current yield is close to 1.5% and with this purchase, I add US$48 to my forward dividend income.

I also hold Franco Nevada for my daughter’s Nest Egg portion of portfolio. I will earmark 15 shares from this purchase for her. See further details on her portfolio here.

Full Disclosure: Long FNV.TO. Our full list of holdings is available here.

Recent Buy – FNV

BuySell

A quick update about a purchase in my portfolio last week. As I’ve outlined in the monthly Outlook posts, there are a few opportunities that are still undervalued. While it may come as no surprise, regular readers will observe that I am still very bullish and overweight in commodities and precious metals. While this is a sector that I have been thinking of trimming possibly since it has grown to an outsized position, I cant help but add some shares in high quality companies when I get the opportunity.

Last week, after a slight miss in earnings, I managed to pick up a 50 shares in Franco Nevada Corp (FNV.TO) at C$87.00. The company pays an annual dividend of US$0.92, which adds US$46  to my annual income stream (a div increase is expected next quarter).

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3 Recent Buys – PAAS, FNV, NMI

Whenever I make a purchase, I like to share my buys to document my journey towards financial independence. As regular readers are aware, I have broken from the DGI pack and sold some of my investments to move to a cash position. I shared details on my motivation to do so in this post. In that post, I have indicated that I am bullish only on one type of investment currently — hard asset, and more specifically gold and silver.

Earlier in the month, during the Chinese national holidays of Golden Week, the gold and silver market saw significant pullbacks — thanks to the paper traders and shorts having a field day week. It was a great opportunity for investors like me to load up on some gold/silver equities at a discount. I managed to pull trigger on three such instances. One incremental addition to an existing position and two new stocks for my portfolio.

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