3 Recent Buys – GOOGL, FB, BABA

A quick update on recent buys in my portfolio. A lot of high profile investors are coming out of the woodworks to warn that the stock market is overvalued, but I’ve continued investing over the week.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1,345.00. Alphabet has shown a lot of resilience with the ad market facing headwinds, thanks to the great balance sheet & continued buybacks putting a floor on the stock price.
  • Second purchase: I initiated a new position in Facebook Inc (FB) @ $203.00. I missed out on buying FB when it was trading around $170 & missed it by $1 and the stock ran away from me. Like GOOGL, FB is facing some headwinds thanks to the recession & everyone cutting their ad budgets. I believe FB (like GOOGL) provides a lot of optionality thanks to the innovation on a fronts such as AI, AR/VR, Libra/payments etc.
  • Third purchase: I initiated a new position in Alibaba Group Holding Ltd (BABA) @ $196.96. Alibaba is a behemoth in the e-commerce space and provides plenty of exposure to the Asian market. In addition to the e-commerce, BABA provides good growth opportunities in fintech space (via their stake in Ant Financial), cloud offerings, entertainment (streaming services), and lots of other strategic initiatives.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long BABA, FB, GOOGL. Our full list of holdings is available here.

3 Recent Buys – SPGI, GOOGL, V

BuySell

A quick update on recent buys in my portfolio. After a lot of sales in March, I have decided to start wading back into the markets as the volatility subsides. I don’t know if these are good entry points or if more pain is ahead of us, but putting a bit of money to work seems prudent. Time will tell if this is a mistake or not.

  • First purchase: I re-initiated my position in S&P Global Inc (SPGI) @ $259.00. SPGI is one of my high conviction ideas that I believe will continue to do very well as the debt market expands. If you are looking to learn more, YourMTLBroker recently wrote a good overview post on SPGI here.
  • Second purchase: I re-initiated my position in Alphabet Inc (GOOGL) @ $1,199.00. Another high conviction idea for me even though I believe the stock price will be under pressure as the world cuts back on the ad spending. GOOGL still relies heavily on the ad market for the bulk of its revenue, but after selling GOOGL at $1500+ 4-5 weeks ago, I dont mind getting back in under $1200. I am starting off with a 1/4 position for now and will continue building to full position on weakness.
  • Third purchase: A completely new holding that I’ve never held before. I’ve had my eye on some names in fintech and finally decided to jump in during the ongoing correction. I initiated a position in Visa Inc (V) @ $166.00. Over the course of past few months, Ive had analysis-paralysis when coming to terms in picking between V & MA – they are both great companies and come with some pros and cons. Maybe I’ll just end up with both in the portfolio in the future? But for now, I have a small starter position in V with this move.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long SPGI, GOOGL, V. Our full list of holdings is available here.

Recent Buy – GOOGL

BuySell

A quick update on a recent purchases in Baby R2R’s portfolio from last week.

Frequent readers may be aware that in addition to the education fund, I run a Nest Egg fund for Baby R2R where I earmark a portion of my portfolio and track it as part of her Nest Egg.

In early 2019, I had bought BCE Inc (BCE.TO) and added that to Baby R2R’s portfolio, but I have decided to reverse that call as I don’t see much growth in that stock going forward. I want to hold stocks for her that have a better growth profile over the next 20 years and have a good reinvestment in the business rather than focused on dividend payouts. I have not sold the BCE shares, and continue to hold them in my portfolio.

With the above goal in mind, I have decided to add Alphabet Inc (GOOGL) to her portfolio. I was able to initiate a position @ $1,430.00.

Full Disclosure: Long BCE, GOOGL. Our full list of holdings is available here.

3 Recent Buys – GOOGL, FSV, TD

A quick update on three purchases in my portfolio from earlier this week.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1285.00. I first initiated a position in GOOGL in Aug 2019 and have been building my position incrementally. This is the third iteration of the purchase. See here for purchases #1 & #2.
  • Second purchase: I added to my newly initiated position in FirstService Corp (FSV.TO) @ $120.10. The company announced a $200M bought deal financing that dropped the share price allowing me to get in at a good entry point. This is still a starter position and I look forward to building it over the coming months. For more details on FSV, the investor chartdeck can be found here.
  • Third purchase: I added to my position in Toronto-Dominion Bank (TD.TO) @ $73.50. The company had disappointing earnings results for Q4 and I took the opportunity to add some shares to my position.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, FSV.TO, TD.TO. Our full list of holdings is available here.

2 Recent Buys – GOOGL, KMI

BuySell

A quick update on two purchases in my portfolio. Without further ado, here are the details.

  • First purchase: I added to my position in Alphabet Inc (GOOGL) @ $1,175.00. Alphabet is a recently new position in my portfolio that I initiated in August and slowly adding to build to a full position.
  • Second purchase: I added 100 shares in Kinder Morgan Inc (KMI) @ $20.00. KMI is my only pure pipeline play, which has turned things around pretty well over the past couple of years, although it is still pretty leveraged. Not a lot of 5% yielders as the yields continue to fall, so adding this at a 5% yield will increase forward dividend income by $100. It is also expected that dividends will be raised by 25% next spring, so thats a pretty good growth rate.

What are your thoughts on these purchases. Share a comment below.

Full Disclosure: Long GOOGL, KMI. Our full list of holdings is available here.