March Stock Consideration

What’s up guys? I hope everybody is doing fine! My monthly fund contribution is on the way to my brokerage account and it will be cleared in a few days. I will be making a new purchase by the end of this week.

If you remember, back in January 2018, I was debating between Brookfield Properties (BPY) and Plaza Reit (PLZ). Back then I bought BPY and I’m glad I did, because today PLZ’s shares are 10% cheaper.

Portfolio Value Update - February 2018

February was a very volatile month for me. There were more swing days than typical market days. It looked like the market was looking for any noise as an excuse for the sell-off. Having said that, my portfolio performed better compared to January. The buyout of one of my stock helped a lot to get my portfolio value higher. Anyway, I’m glad this month is over and I look forward to market stabilization in March.

Acquisition of Student Transportation Inc.

Hello everybody! I would like to share some news about the recent acquisition of Student Transportation (STB.TO). Student Transportation will be acquired privately for $7.50 US per share which is about $9.60 in Canadian currency.

With 340 shares on hands, I will receive over $3000 in cash. My capital gain will be at least 50%, plus the dividend income I received over the past five years. STB paid a great monthly dividend which yielded on average 8%.I have mixed feelings about this deal because I will lose a great dividend payer.

Recent Purchase: Morguard REIT

The second purchase of the year is in the books. Today I bought 70 shares of Morguard REIT (MRT.UN.TO) for $13.33 per share. I took advantage of the recent market volatility and decided to double my position in MRT. My total position in MRT is now 140 shares.

Thank you Mr. Market Volatility because I was able to double my position with less capital. The first time I bought MRT was in June of 2017. Back then, I paid $14.80 per share. Today, the same amount of shares costed me a $100 less. Now I need to figure out how to spend an extra $100.

Portfolio Value Update - January 2018

The first month of 2018 is in the books and it’s time for me to report my monthly progress. In January, the Canadian stock market started strong and continued to march higher, except for the last week. The last week of January, the markets tumbled. We saw a sharp sell-off and my portfolio lost about $1000 in just a few days. I have to admit that the correction was anticipated because of the rich valuations.  I’m in buying mode so any corrections are welcome because it allows me to buy cheaper shares. So why not?