Welcome to August’s edition of money while you sleep. Hope everyone has been enjoying the last bit of the summer! We got away for a couple weeks and it was pretty awesome. The portfolio performed very well while we were away. This is what I love about owning solid businesses, you don’t have to watch them all the time. Before we get into the adjusts we made in the portfolio and the dividends we received here is what we have been up to this month.

  • We spent a couple weeks at Mable Lake in British Columbia.
  • Celebrated our nephew Declan’s birthday.
  • Spent a day at splashdown in Vernon (out door waterpark!
  • Plenty of golf rounds.
  • Overall some really good quality time with my family.
Ice Cream anyone
Hole 3 Mable Lake
Charity golf tournament at The Ranch Golf and Country Club

Portfolio details:

This month our portfolio performed quite well after lasts months pretty flat outcome. It increased 4.15% and that includes cash sitting in account. This month we dropped one company and added to one of our favorite growth companies. The TSX continues to climb starting the month at 20,287 and ending 1.5% higher at 20,594.

Quick trades:

No quick trades in the month.

Please note: I only do this with companies I’m comfortable holding for a long period of time.

Sold:

We sold our remaining shares in SCR (Score Media)

When we first bought Score it was trading in the $1.00 range. We decided to buy as single sports betting started to become a pretty big deal as its been illegal for quite sometime and they have once of the most popular sports apps in the world. Within a month it was testing $5.50. During the rise we sold out as it went up way to fast and a few weeks later when it came down we bought a small position back. The months following we saw a reverse split as they eyed the Nasdaq. It went flat for quite some time as the market was trying to correctly price the company. Penn National came out with a offer for the company that saw the stock price double in price. I like the deal on both ends however I find Score Media to be trading at a higher valuation than others in the sector so we decided to liquidate the remaining shares.

Bought:

Added to our WELL.TO position by purchasing 300 more shares at $7.30

Who is WELL Health Technologies Corp:

WELL Health Technologies Corp. owns and operates a portfolio of primary healthcare facilities in Canada and the United States. The company also provides digital electronic medical records (EMR) software services; and telehealth services. As of March 29, 2021, it operated 27 medical clinics; and provided digital EMR software and services to approximately 2,200 medical clinics across Canada. It also engages in developing digital health applications. The company was formerly known as Wellness Lifestyles Inc. and changed its name to WELL Health Technologies Corp. in July 2018. WELL Health Technologies Corp. was incorporated in 2010 and is headquartered in Vancouver, Canada.

Our why:

We have been adding to our WELL position over the last 6 months or so. WELL has done such an amazing job with their acquisitions. They continue to do deals and somehow get the other companies to take shares in the company at a huge increase to where the shares are trading. You don’t see that very often however it does show you the confidence these companies (MyHealth,WISP) have in WELL Health. WELL also announced 2nd quarter results with 61.8 million in revenue which is an amazing YOY growth of 484% and 615% Growth in its Adjusted Gross Profit. A big part of that was because they acquired CRH Medical Corporation. By continuing to purchase solid companies it allows them to find synergies that help cross sell other parts of their business. So far this has proven to be successful.

Dividend increases and decreases

  • No increases or decreases this month!

2016 – 2021 Dividends received

August was a pretty good month with dividends coming in at $198.83 which is a YOY growth of 38%. This keeps us on track to beating our 2021 goal of receiving at least $3,400 in dividends. If nothing changes we would beat our goal by 8%, 1% higher last month numbers.

As of end of August

Dividends received

Stock ListDividendDripAccount
FRU.TO$4.68NoTFSA 1
EXE.TO$7.44NoTFSA 1
CSH.UN$16.32Yes, 1 shareTFSA 1
ALA.TO$5.58NoTFSA 1
PLZ.UN$10.41Yes, 2 sharesTFSA 1
NPI.TO$14.10NoTFSA 1
SIS.TO$5.40NoTFSA 1
EIF.TO$6.84NoTFSA 1
RY.TO$32.40NoTFSA 1
BMO.TO$54.06NoTFSA 1
AT&T$23.15NoRRSP
Total:$198.83

Current economy conditions

Canada unemployment rates % have now started to fall which seems obvious due to Canada starting to open for business. As you can see from the chart below we hit unemployment of 7.5% in July which is down slightly from 7.8% in June. August numbers have not been provided yet however I’d like to note that I work for a large Corporation and the shortage of workers right now is crazy. In my 15 years with the company, never have I seen this.

Gold Prices

Gold continues to hang around $1,800 USD. With the amount of inflation were starting to see everywhere I see Gold staying above where its at today.

Market

The market seems to never go down. Week after week after week. We may see a correction before the end of the year. This doesn’t mean there isn’t value somewhere in the market, you just aren’t looking hard enough. As each quarter passes I like to take a really good peak at the results of my holdings to ensure I’m not seeing any warning signs.

Sectors I’m currently looking at

  • Communications
  • Technology
  • Utilities
  • Basic metals
  • Renewables

Current Dividend watch list

  • Quebecor Inc..
  • Enbridge
  • Algonquin Power and Utilities Corp
  • Brookfield Renewable Partners L.P.

Current Growth watch list

  • Nuvei Corporation
  • WELL Health
  • Good Natured Products
  • Bragg Gaming Group
  • BRP Inc

Thanks for reading and feel free to leave a comment!

Invest in yourself

Brian

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.

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Money While You Sleep 2021 August Edition


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One thought on “Money While You Sleep 2021 August Edition

  1. Nice Brian

    Sounds like a good month. Congrats on another good month with solid yr over yr numbers.

    Well health is one I have always debated and I have a friend with a huge company that well is actually trying to buy. Its interesting hearing about things, they are a lil skeptic about the all stock deal like you mention..

    keep it up
    cheers

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