2 Recent Buys – PAAS, ABCN

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A quick update on a couple of recent purchases in my portfolio. For this round, I added to existing positions in my portfolio in the commodities and marijuana sectors.

  • First purchase: I added 50 shares of Pan American Silver Corp (PAAS.TO) @ CAD$18.88. This week’s quarterly results saw a drop in the revenue and earnings. PAAS hit some roadblocks during the quarter and there is nothing fundamentally wrong with the assets or the management’s execution. This was a great opportunity for me to nibble and add more shares as investors punished with a 8% drop in share price post-earnings. The company continues to drive average costs down, and continues to exceed previous targets for the year.
  • Second purchase: Following up from my initial investment in a MMJ stock last month, I bought a second tranche with 1,500 shares in ABCann Global Corp (ABCN.V) @ CAD$0.99.

Full Disclosure: Long ABCN.V, PAAS. Our full list of holdings is available here.

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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Recent Buy – Pan American Silver Corp

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 pack of DGI 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 sector currently — the resource/materials sector, and more specifically gold and silver.

As part of my first moves, I had initiated positions in two silver-focused companies — a streaming company: Silver Wheaton Corp (SLW.TO) and a mining company: Pan American Silver Corp (PAA.TO). Unless you’ve been living under a rock, I’m sure you have noticed the meteoric rise in silver over the first half of the year. Silver still continues to perform very well and still presents the best investment outlook compared to other options. I reinforced my position by adding more shares last week.

Last week, I added to my position in Pan American Silver Corp (PAA.TO) with 100 shares @ C$24.00. The company yields 0.28% adding US$5 to my annual passive income. Nothing to write home about. But as I mentioned in earlier posts, this move is not about dividends.

I usually present my thesis on why I bought a particular investment security and present the risks associated in the Recent Buys posts. In this case, I will simply link to my last post on Pan American Silver purchase as nothing has changed as far as the outlook goes since my last purchase.

Recent Buy – Pan American Silver Corp

Full Disclosure: Long PAA.TO, SLW.TO. My full list of holdings can be found here.

Recent Buy – Pan American Silver Corp

Whenever I make a purchase, I like to share my buys to document my journey towards financial independence. This latest purchase diverges from the normal buys that I normally pursue, as I shared in this post – Multipronged Approach to Investing. So far, I have relied on companies with growing dividends, but the current market leaves me nervous wanting me to look elsewhere. I started to look at contrarian trades and looking for undervalued assets and decided to make further moves in this space.

Last week, I shared my first move in the precious metals space with a purchase of Silver Wheaton Corp (SLW.TO) (details here). Continuing with the theme, this time I am directly targeting a mining company. Investing in precious metals can take many forms and I have discussed some methodologies here and here. To recount from those articles, investors may choose to invest using bullion (comes with ownership/storage costs), ETFs (paper contracts, loses the point of investing in precious metals) or mining companies (comes with risk, such as exploration risks, management issues, lack of understanding space etc).

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