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 @ $1,470.00.

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.

2 Recent Buys – JNJ, GOOGL

BuySell

A quick update on two purchases in my portfolio. As with the last iteration, this one also includes a new position in the portfolio.

  • First purchase: I added to my position in Johnson & Johnson @ $127.50. During the mayhem of Aug 23, thanks to Trump’s tweets and escalation of trade war, I was able to pick up a few shares of JNJ. JNJ has been undergoing a bit of a weak performance due to ongoing litigation (which later turned into a $572M fine), and some expected revenue drop this fiscal year. However, top line growth should return back to normal starting next year, so I have been adding to my shares in this position over the past few months. The stock yields 2.96% and adds $76.00 in annual dividends.
  • Second purchase: I initiated a new position in one of the largest companies in the world: Alphabet Inc (GOOGL) @ $1,184.00. There are a lot of reasons to own GOOGL – one of the most forward looking companies, founder-operated, arguably best tech talent in the world, largest online ad platform, wide moat (can you imagine life without Google…not just as consumers, but also as a business?), good capital allocation and reinvestment in business, optionality play on unmonetized segments that will sooner or later get commercialized (Alphabet’s subsidiaries include Calico, CapitalIG, DeepMind, Google, Google Fiber, GV, Jigsaw, Loon, Makani, Sidewalk Labs, Verily, Waymo, Wing, and X). This is a starter position in what I expect to be a core holding for years to come, and will continue adding shares in coming months.

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

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