2 Recent Buys – SPGI, MELI

BuySell

A quick update on a couple of 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.

  • First purchase: I continued adding more to my position in S&P Global Inc (SPGI) @ $280.70. I am starting to get close to a full position in this company, but may go for one more tranche if I see some weakness in coming weeks/months.
  • Second purchase: I initiated a new position in MercadoLibre Inc (MELI) @ $570.00. MercadoLibre is a fast growing e-commerce company focused on the Latin American market. It’s a company that I had heard about but only recently started researching. I have started a Twitter thread where I capture details about the company if you are interested in following along.

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

Full Disclosure: Long SPGI, MELI. 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.

2 Recent Buys – SPGI, BAM

BuySell

A quick update on two purchases in my portfolio last week in the midst of the correction.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $283.00. I have been building my position in SPGI slowly as the stock continues falling from its all time highs. I am still nowhere close to a full position, so I expect more purchases in SPGI if the stock keeps falling. See previous purchase here.
  • Second purchase: I added to my position in Brookfield Asset Management (BAM.A.TO) @ $83.90. Another incremental purchase as I build to what is now a full position. I believe in Bruce Flatt’s stewardship and expect continued tailwinds for Brookfield as interest rates continue falling further than where we are today — thus making an even stronger case for alternative asset managers. See previous purchases here.

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

Full Disclosure: Long SPGI, BAM.A.TO. Our full list of holdings is available here.

2 Recent Buys – SPGI, FSV

BuySell

A quick update on two purchases in my portfolio.

  • First purchase: I added to my position in S&P Global Inc (SPGI) @ $294.00 last week. SPGI still remains a small position in my portfolio and I continue to buy every dip until I get to a full position. SPGI is one of the beneficiaries of the growing worldwide debt markets as each issued bond needs to get rated by SPGI (and other rating agencies). There are of course other segments of the business in addition to the Ratings segment growing well quarter after quarter. This is my second iteration of the purchase. See previous purchase here.
  • Second purchase: I added to my position in FirstService Corp (FSV.TO) @ $144.94. Another position that has remained relatively small and I continue to build up as I want to increase the relative size of this position in my portfolio. FSV is a real estate operating company with majority of its operations in the US. This is my third iteration of the purchase. See previous purchases here.

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

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

2 Recent Buys – BAM, SPGI

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 75 shares of Brookfield Asset Management (BAM.A.TO) @ CAD$70.24. I have been adding to my BAM position regularly over the past few months and getting close to a full position. The stock yields 1.2% and adds US$48 in annual dividends.
  • Second purchase: I initiated a new position in S&P Global Inc (SPGI) @ $245.00. SPGI barely needs any introduction as one of the most recognizable names in finance, esp the debt market as every company that needs to raise funds needs to go through a debt rating process. While companies can issue bonds without a rating (which is inefficient and punitive by the markets), companies simply pay the ratings agency SPGI/MCO/Fitch to have their bonds rated. SPGI has a deep and wide moat and operates in four division (ratings, market intelligence, Platts, and Indices). Overall, SPGI has a terrific business model, thoughtful capital allocation, great management, and a dividend champion (dividend grower for 46 consecutive years). The valuation is a bit on the expensive side, so I have started off with a small starter position and will look for pullbacks to add and build to a full position. Here’s a link to the Investor Factsheet for further reading.

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

Full Disclosure: Long BAM.A.TO, SPGI. Our full list of holdings is available here.