New Stock Purchase: Brookfield Infrastructure

Brookfield Infrastructure Partners owns and operates a global network of infrastructure companies in utilities, transportation, energy and communications infrastructure. It invests in transmission and telecommunication lines, toll roads, ports and pipelines.

I’m a big fan of Brookfield company and its subsidiaries such as Real Estate, Renewable Power, Infrastructure, and Private Equity. I already have a big position in their Real Estate portfolio and now it’s time to build a big position in their Infrastructure assets. Eventually, I want to be invested in all four subsidiaries.

Stock Sale: Morneau Shepell (MSI.TO)

Hey guys, just a quick update on the recent stock sale. This is my first sale of 2019. Those who follow me, know that I usually don’t sell stocks. I’m a buy-and-hold kind of guy. Anyway, today I sold my shares of Morneau Shepell, ticker MSI.TO. Morneau Shepell is an HR services company. They mainly provide consulting and employee well-being services. I sold the stock for the numerous of reasons that I will list below. 

Reasons for sale:
  • The stock trades at historically high P/E Ratio and P/B Ratio
  • They did not raise a dividend in a very long time
  • The dividend yield became too low to hold the stock
  • Profit margins are dropping from year to year
  • I have better investment opportunities in mind

Portfolio Value Update - April 2019

Portfolio Value 
In April my portfolio value decreased by $25 to $72,246. It’s still pretty high considering that my portfolio value was about $60,000 in the end of 2018. Since the beginning of this year, I added $2,300 of new money through contributions and $1,300 through dividends. The rest of the value increase came from stocks appreciation.

Dividends received in April 2019: $333.64
Dividends received in March 2018: $255.89
Year-Over-Year Dividend Growth: $77.75 or 30%
Year-To-Date Dividend Income: $1,305.16

Dividends received in 2019 was $333.64. Still a solid year-over-year growth of 30%, so no complaints here. New monthly stock purchases and dividend increases helped me achieve the 30% growth. Year-to-date dividend income surpassed $1,300 which is enough to cover one month of my condo expenses.