Welcome to February’s edition of money while you sleep. The tsx went to all time highs this month which is pretty impressive with so many uncertainties continuing on. I’ll get into that in a bit.
- Celebrated Maria’s birthday.
- Brought the kids to rundle park where they have a ice skating trail.
- Read another book.
- Z went back to in studio dance classes.
A good way to gauge your portfolio is against an index. Last month we outperformed the TSX market by around 3%. In February didn’t fair the same way as we were only up 0.5% vs the TSX rise of 4%. We had some stocks in the growth sector that we purchased that lost some of their value, that’s okay though we didn’t purchase them to be concerned with them short term. Currently were 58% Bluechip, 33% growth and only 9% cash.
Bought BTI.V 7000@$0.45 sold 7000 @$0.55
Please note: I only do this with companies I’m comfortable holding for a long period of time.
Sold no positions
Added to my position in Well Technologies by adding 400 shares @$8.85
Who is WELL.TO:
WELL Health Technologies Corp. owns and operates a portfolio of primary healthcare facilities. The company also provides digital electronic medical records (EMR) software services; and telehealth services. As of September 30, 2020, it operated 20 medical clinics; and provided digital EMR software and services to approximately 2,000 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.
If you have followed me for a while now you would know I’m bullish on the Telehealth sector. Recently Well made a splash and purchased CRH Medical Corporation. CRH’s footprint is spread across 13 states in the U.S. and thousands of medical practitioners in this niche. According to WELL Health, the acquisition should enhance revenue per share by roughly 120% and EBITDA per share by almost 800% in 2021.The deal is partly financed by a private placement led by billionaire investor and early investor Mr. Li Ka-shing. Along with a consortium of financial institutions, these private investors have deployed $295.5 million into WELL Health’s book.The private placement led by Mr. Li Ka-Shing was sealed at $9.8 per share. Meanwhile, WELL Health stock currently trades under $9. I love seeing deals done that allow companies to cross sell other services and in this case I believe thats whats going to happen.
Opened a position in Banxa Holdings by purchasing 1100 shares @ 2.45
Who is BNXA.V
Banxa Holdings Inc. operates as a payments service provider for the digital asset space. The company’s flagship product is a Plug-and-Play Fiat Onramp that allows seamless access to digital currencies through various payment methods. Its product line is diversified by a B2B offering or B2C websites. The company was founded in 2014 and is based in Vancouver, Canada.
Recently Banxa has shown amazing revenue with over 1000% gain when you compare Jan 2021 to Jan 2021.Hard to find companies with that type of growth. The crypto world is now open for business so when searching companies this one really stuck out to me and may be under the radar a bit.
Opened up a position in Bragg Gaming Inc by purchasing 2450 @ $2.60
Who is BRAG.TO:
Bragg Gaming Group Inc. provides B2B online gaming technology services worldwide. It offers turnkey solution, including an omni-channel retail, online, and mobile iGaming platforms, as well as casino content aggregator, lottery, marketing, and operational services. The company also provides GIVEMESPORT, a Facebook sport publisher; and GIVEMEBET, a sports book. Bragg Gaming Group Inc. is headquartered in Toronto, Canada.
The real potential is in their online casino platform, lottery and sports betting. We have seen the pandemic shutdown local casinos which for those that choose to still want to wager they have to bring that online. That and in February Bill C-218 was passed which will allow Canadians in the future to bet on single sports meaning you can practically bet on anything within a game. This will drive even more revenue to Bragg. Currently they are under the radar in comparison to others in the sector. Total bets in the first three quarters of 2020 were 5.1 billion which is an increase of 95% when compared to the same time frame in 2019. Think about that, while the world was in a pandemic they saw their growth grow at an impressive amount. On Superbowl alone in 2021 they have reported that there was 4.3 billion bets in one single day. We have march madness around the corner and I’m sure that will only help the first quarter numbers. When you compare these numbers to others in the sector from a value perspective its no ones even close.
Opened up a position in Good Natured Products by purchasing 1000 shares @ $1.35
Who is GDNP.TO:
good natured Products Inc., through its subsidiaries, designs, produces, and distributes bioplastics for use in packaging and durable product applications in Canada and the United States. It offers packaging products for baked goods, deli and prepared meals, and fruits and veggies; desk accessories, including stackable legal desk trays, vertical file holders, self-stacker desk trays, pencil holders, and paper clip dispensers; recyclers and waste bins; and totes and crates, as well as compostable take out containers, such as hot cups and lids, plates, carry out boxes, cutlery, and soup bowls and lids. The company was formerly known as Solegear Bioplastic Technologies Inc. and changed its name to good natured Products Inc. in October 2017. The company is headquartered in Vancouver, Canada.
They have actually created plant based packaging, if this isn’t the way of the future I don’t know what is. As we see global Governments go to a greener world GDNP has a good opportunity to be in every grocery store around the world.
Opened up a position in Purpose Bitcoin ETF by purchasing 100 shares @ $10.56
Who is BTCC-B.TO
BTCC is the first ETF in Canada that allowed you to own Bitcoin.
I’m always looking for ways to hedge against fiat currency especially when the Governments are printing it at the rate they’re. I’m already at a full position in Gold mining stocks that seem to not be performing the way they have in past printing of fiat currency. Crypto seems to be the new era of hedging and am working my way to a 5% portfolio holding at least for now until the printing press runs out of ink. You are seeing companies around the world placing part of their cash into Bitcoin which really shows how far Bitcoin has come.
Dividend increases and decreases
- No decreases.
- Freehold Royalties increases dividend by 33%.
2016 – 2021 Dividends received
February dividends came in at $195.10 which is a an increase of 18% YOY. We set a 2021 goal of receiving $3,100.
My thoughts moving forward
Current economy conditions
Canada unemployment rates are starting to improve by going from 12.3% in June to 8.2% in February. I’m pretty impressed by this number as I thought it may creep up with the holiday season passed.
It’s hard to gauge where the market is going when there has been so much printing. As soon as the printing stops we may see more of a realistic market.
Well who would’ve thought that the market would hedge against stimulus by purchasing Bitcoin over Gold. Well if you can’t beat them join them I guess. I’m comfortable holding a small percentage in both.
This month I focused solely on Growth stocks and a bit of Crypto. Now that the portfolio is more diversified between Dividend Blue Chip and Growth stocks I will start to add to them more evenly.
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.