Welcome to April’s edition of money while you sleep. As we end yet another month of uncertainty due to Covid19, the market still is creeping up. This is a bit surprising as we continue to see more and more lockdowns through different provinces. Before we get into it here is what we have been up to.
- We got Z her own guitar as she has shown some interest.
- We enrolled out little man C into some dance classes.
- We got Z into a Orthodontic Specialist to see what she is going to need. We learned that she will be getting clear correct which is a better alternative to braces.
- Maria has shown an interest in golfing by hitting the range a few times.
This month our portfolio was pretty flat and very comparable to the market overall. Plenty of the blue chip holdings continued their rise while our growth portfolio showed a slight decrease month over month. It remains to be seen when some love will come back to many growth and tech stocks however we focus over the long term and confident in our holdings.
No quick trades in the month.
Please note: I only do this with companies I’m comfortable holding for a long period of time.
Added to our position in Algonquin Power & Utilities Corp by purchasing 150 shares @ 20.48.
Who is AQN.TO:
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through non-regulated renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of approximately 2.1 gigawatt; and regulated electric, natural gas, water distribution, and wastewater collection utility systems. It serves approximately 306,000 electric connections; 371,000 natural gas connections; and 409,000 regulated water distribution and wastewater collection utility systems in the states of California, New Hampshire, Missouri, Kansas, Oklahoma, Arkansas, Georgia, Illinois, Iowa, Massachusetts, New York, Arizona, Texas, and the Province of New Brunswick. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
AQN is a very unique company. Not only are they a utility company with consistent revenue, they also provide a good play into renewable energy. I really like the diversification AQN provides. At the time of typing this they are currently trading below their 5 year PE ratio of 24.5 and are at a reasonable discount of 11.5. When selecting companies to add within the RESP account we’re very selective as we want to add solid companies that can provide a very impressive return. I can sleep at night and know that my kids with have a nest egg for their education if they choose that path. This purchase was a average up on what we currently hold. This add will bring in an additional $117 annually through its dividend.
Added to our first position within the US market by purchasing 80 shares of AT&T Inc. at a price of $31.50 within the RRSP.
Who is T:
AT&T Inc. provides telecommunication, media, and technology services worldwide. The company operates through Communications, WarnerMedia, and Latin America segments. The Communications segment offers wireless voice and data communications services; video and targeted advertising services; broadband, including fiber, and legacy telephony internet and voice communication; and wireline telecom services. It also sells handsets, wirelessly enabled computers, wireless data cards, and IP-based set-top boxes, as well as various accessories, such as carrying cases and hands-free devices through the company-owned stores, agents, and third-party retail stores. This segment markets its communications services and products under the AT&T, Cricket, AT&T PREPAIDSM, AT&T TV, AT&T Fiber, and DIRECTV brand names. The WarnerMedia segment primarily produces, distributes, and licenses television programming and feature films; distributes home entertainment products in physical and digital formats; and produces and distributes mobile and console games, and consumer products, as well as offers brand licensing services, and advertising services. It also operates cable networks; video on demand streaming platform under the HBO Max and HBO GO names; multichannel pay television services under the HBO and Cinemax; and digital media properties, as well as licenses its content to television networks and over-the-top services. The Latin America segment offers video entertainment and audio programming services under the DIRECTV and SKY brands primarily to residential customers; pay-TV services, including HD sports video content; and postpaid and prepaid wireless services under the AT&T and Unefon brands, as well as sells various handsets through company-owned stores, agents, and third-party retail stores. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in November 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
I was constantly searching for a value play and a company that has provided healthy dividends over many years. AT&T provides that. From a stock price perspective it hasn’t been all that impressive being flat for many years. Some of it goes back to a bad purchase of Direct TV which really has been disappointing. Obviously the world has shifted away from cable and into the likes of Netflix, Disney and a few others. This is where it got interesting for me as AT&T has gotten into the streaming business and has begun the roll out of HBO Max which is a monthly subscription. They are already showing impressive growth from their last quarterly results and it goes Internationally in June if I remember correctly. Next is 5G roll out. Faster speed in technology is the new expectation and AT&T will have their share of the market. These 2 catalysts and consistency in the dividend are my reasons for opening a position. This purchase will bring in about $166 USD annually and will be set on a DRIP.
Added to our second ever US holding by purchasing 80 shares into Corsair Gaming, Inc. @ 32.98.
Who is CRSR:
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato’s streaming suite for content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its websites. Corsair Gaming, Inc. was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. operates as a subsidiary of Corsair Group (Cayman), LP.
Over the past year there has been an acceleration into online gaming. We are seeing more and people spend countless hours online. There are reports out there that some Esport games draw more of a crowd than live sports, crazy I know. I see this sector just getting started and with more and more players out there upgrades to their set ups are likely. Corsair provides those products. If you take a peak at their growth over the last year, its been incredible. I expect this to continue. They are currently down over 27% from their highs and see this as a great entry point.
Dividend increases and decreases
- None announced in April.
2016 – 2021 Dividends received
April dividends came in at $345.52 which is a slight decrease over April of last year. We set a 2021 goal of receiving $3,100. We are not only on pace to hit that target but beat it by more than 13% thanks to some dividend increases and new contributions. If the banks and insurance companies can get the green light to start increasing again we may just see a number larger than that.
|EXE.TO||$7.44||Not this month due to stock price||TFSA 1|
My thoughts moving forward
Current economy conditions
Canada unemployment rates are starting to improve by going from 12.3% in June 2020 to 8.1% in April. Based on March to April we saw an uptick is job losses from unemployment of 7.5% to 8.1%. It remains to be seen if this will continue however with the new lockdowns being seen all over the country they may in fact rise yet again.
With recent lockdowns announced keep a look out for additional printing at the press.
We saw a nice recovery not only in Gold itself but in the mining companies in April. I’d expect this to continue with uncertainty kicking in again.
The market itself seems to be very similar to riding a wave, one that we will continue to ride as I’m very comfortable in what we own. I’m looking to add one more company in the US markets over the next month or so but other than that our purchases will be quiet as we continue to wait for the growth stocks to pick up again.
Sectors I like
- Basic metals
Current watch list
- TC Energy Corp
- Algonquin Power and Utilities Corp
- Score Media and Gaming Inc
- Bragg Gaming Group Inc
- Corsair Gaming Inc
Thanks for reading and feel free to leave a comment!
Invest in yourself
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. Please ensure you do your own research.
4 thoughts on “Money While You Sleep 2021 April Edition”
Nice buy on AQN. It sure has faced some price pressure lately and we’ve been busy buying more shares too.
Thanks Tawcan. Great opportunity presenting itself for sure!
crazy with these lockdowns and stacking them one after another with basically no effect to case numbers.
It amazes me people still support this.
nice buys, that added a tonne of forward income. T is still so debt heavy and I wonder how many streaming companies will survive. You can only sub to sooo many lol.
corsair is interesting for sure, when I used to lan with friends they would have lots of their stuff.
keep it up
Lockdown numbers at confusing to understand that’s for sure.
That is the one knock on T, the debt load. I really like the 5g market and noticed they have increased users massively in the first quarter and Verizon has lost customers in the same quarter. The streaming is a big question mark but have nothing bad to say about HBO as a whole, they make high quality content so hopefully they can build the brand.
Corsair has the market share so happy to hold over the next few years unless of course it gets ahead of itself.
All the best!
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