2 Recent Buys – PAAS, ABCN

BuySell

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.

2 Recent Buys – NSU, WPM

BuySell

Another quick update on a few recent purchases. This market is giving some great buying opportunities in the resource sector and I continue buying and adding more to my portfolio.

  • I added to my position in Nevsun Resources (NSU). For this particular transaction, I put my US$ to work as I had more US$ cash in my investment accounts, but for all reporting purposes, I will simply include the TSX-listed entity in my portfolio page. I bought 1,000 shares of Nevsun Resources (NSU) @ US$2.13. Nevsun is a top tier copper producer and has interest in two massive mines, one in Serbia (Timok) and the other in Eritrea (Bisha). The latest earnings release painted a bleaker picture for Bisha than expected, and timelines have been revised to later dates for Timok. The company also has a new CEO and it is clear that the previous leadership was sitting on these problems for too long hoping to sweep things under the rug. The new CEO has decided to rip the bandaid off and set things in motion by taking the right steps. The company still pays a paltry dividend, but I expect that to get cut in the coming days. Better to save the cash and put it to better use than distribute it to shareholders. The shock sent the stock price down 20%, and it was the perfect opportunity for me to load up. As is the case with the resource sector, the mines and resources are still there, and investors are being too shortsighted for a project the scale of Timok, which is a fantastic tier-1 resource.

Continue reading

Recent Buy – Silver Wheaton Corp

This will be another quick update on my recent purchase. As most are aware, its been a bloodbath in the precious metals space after the interest rate raise. The raise was almost 100% guaranteed, and continued strength in the US$ was also guaranteed. So I was waiting for this event to unfold before I made the next purchase in the precious metals space.

Thanks to a more hawkish note from the Fed — that they will raise interest rates 3 times next year (we’ll see if there is any weight to that…since they also promised us 4 raises this year); there was increased volatility and we saw a mini-correction in bond substitutes such as REITs and precious metals as the US$ surged. The DXY reached a high of 103 post-announcement.

Watching the bloodbath all day, it was too hard to pass up on the opportunity and I decided to buy and add to my Silver Wheaton Corp (SLW) position after it fell 9% on the day.

I bought 100 shares of Silver Wheaton Corp (SLW) at US$17.00. This purchase adds US$24 to my forward dividend income.

However, I decided to use my US$ in the investment account instead of the CAD$, so I have both SLW and SLW.TO currently — but for the most post, I will treat them as the same on this blog going forward.

Silver continues to languish and is currently hovering at the $15-16 handle, which I believe is an extremely attractive price for this chameleon metal — which acts both as a precious metal and as an industrial metal. To read more about the company itself, I will simply link to my original post where I profiled Silver Wheaton.

Recent Buy – Silver Wheaton Corp

Have you made any moves post-rate raise? Share your thoughts below.

2 Recent Buys – SLW, VWOB

A quick update on a couple of recent purchases in my portfolio. Things have been busy, so this post is a couple of weeks late…but better late than never.

Silver Wheaton Corp (SLW.TO) – added 50 shares @ C$28.50…which it turns out I was too early to pull the trigger. I still see tremendous value and will continue nibbling although I am getting close to a full position on this stock. Not much has changed…the business is sound and the fundamentals are fantastic. In addition, the company announced a great quarter earlier this month followed by a dividend increase of 20% (forward yield is just a shade under 1%). You can read about my original SLW purchase here.

Vanguard Emerging Markets Govt Bond ETF (VWOB) – Ive been interested in emerging market bonds for a while (see this post from May 2015) and finally decided to initiate a position. The fund gives me an exposure to emerging market sovereign bond market and pays approx 4.4% in fixed income going forward. This is only a very tiny position of a few hundred dollars for now as I dip my toes and think more about this position before committing more capital.

Disclosure: Full list of holdings can be found 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.

Continue reading