Welcome to October’s monthly update. October has come and gone and overall it was a good month. The stock market was relatively quite for once almost ending where it started during the month.The easing of Tariff talks probably helped the market stay relatively normal
Before i get into the the portfolio here are a few things we were up too this October
- Z celebrated her 7th birthday.
- We got some family fall pictures and actually got quite a few good ones.
- Went to Calgary for a conference for my wife and I’s soon to be plan A.
- Halloween is always a blast
Here are a few pictures
Now let’s get down to business
As you know if you have been following my blog we slightly changed the strategy using about 5% of the portfolio to trade mainly well respected companies, when short term noise has hurt the stock price we purchase these companies and then move on to the next candidate. This month saw the strategy bring in $25 by selling a couple stocks. This bring’s the 2019 total to $4,219 not including any dividends received.
Reduced position in Savaria by selling 85 shares at $13.32
Just freeing up a few dollars for other opportunities. The good news is i took a small profit and collected dividends throughout.
Reduced position in NFI group by selling 65 shares at $29.03
Original purchase was at $28.82 and also received the dividend. Was freeing up some cash for my purchase below.
Opened up a new position in Exchange Income Corporation (EIF.TO) by purchasing 80 shares @ $37.81
Who is NFI Group INC?
Exchange Income Corporation engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. It operates through two segments, Aerospace & Aviation, and Manufacturing. The Aerospace & Aviation segment offers scheduled airline and charter services, and emergency medical services to communities located in Manitoba, Ontario, and Nunavut, as well as Newfoundland and Labrador, Quebec, New Brunswick, and Nova Scotia. It also provides after-market aircraft, engines, and component parts to regional airline operators; designs, modifies, maintains, and operates custom sensor equipped aircraft; and offers maritime surveillance and support services in Canada, the Caribbean, and the Middle East. In addition, this segment provides a range of pilot flight training services. The Manufacturing segment manufactures window wall systems primarily used in high-rise multi-family residential projects; stainless steel tanks, vessels, and processing equipment; heavy duty pressure washing and steam systems, commercial water recycling systems, and custom tanks for the transportation of oil, gasoline, and water products; precision parts and components primarily used in the aerospace and defense sectors; and precision sheet metal and tubular products. This segment also focuses on the engineering, design, manufacture, and construction of communication infrastructure, as well as provision of technical services. Exchange Income Corporation is based in Winnipeg, Canada.
I recently sold this as it was trading around it’s all time high and the market seems to be slightly overvalued. However shortly after i sold they announced a new acquisition of Advanced Window, Inc and roughly at the same time announced a bought deal public offering (the “Offering”) of 2,139,000 common shares. The Shares were issued at a price of $37.65 per Share. Well if you like the company and they do something like this it can sometimes be a great time to get it because the following day the shares dropped like a rock all the way to around $37.65. My recent sell was at $40.73 and i had to jump back in when i saw this news. You can check my old posts on why i originally purchased them. EIF has been knocking it out of the park this year and shareholders have been rewarded.
Dividend increases or decreases
No decreases this month
2016 – 2017 – 2018 – 2019 Dividends
Dividends received in October were $257.54 which is a 111% increase year over year and this keeps us on track to hitting our 2019 dividend goal of $2,400.
Dividends received per stock
As we approach the remaining 2 months of the year we will be focusing on some rebalancing and taking profits where necessary. We try not to hold more than 5% in any one company so when they do edge higher we typically take some off the table and look for other opportunities.
If you have any suggestions please feel free to leave a comment.
What are you currently looking at purchasing?
Do you see a correction coming or even a full blown recession?
What sectors look attractive to you in this fairly valued market?
Thank you for reading, see you next month and remember:
INVEST IN YOURSELF