FFJ Portfolio – January 2021 Report

This is my January 2021 FFJ Portfolio report. The portfolio was created in January 2017 for the purpose of demonstrating how investing in high quality companies with competitive advantages and with a record of consistently increasing dividends can assist investors in reaching their long-term financial goals without the need to speculate or to chase dividend [...]

By |January 30th, 2021|FFJ Portfolio Holdings|Comments Off on FFJ Portfolio – January 2021 Report

Lockheed Martin Corporation – Share Price Pullback Is Wonderful

Lockheed Martin Corporation (LMT) released strong FY2020 results and encouraging FY2021 guidance on January 26th. Despite this, the share price has pulled back. It would appear that many retail investors would much rather speculate on high risk companies. The company's valuation is so attractive I have added to my existing position. In recent Lockheed Martin [...]

By |January 29th, 2021|Equity Investing|Comments Off on Lockheed Martin Corporation – Share Price Pullback Is Wonderful

Hype Versus Reality

The degree of irrational exuberance we are witnessing suggests many investors are focusing on the 'hype' and are paying little heed to reality. The 'fear of missing out' is what is likely driving many investors to 'invest' in companies or instruments which they do not fully understand. The valuation of many companies with no proven [...]

By |January 26th, 2021|Equity Investing, General Investing|Comments Off on Hype Versus Reality

The Goldman Sachs Group, Inc. – Driving a More Durable and Higher Return Business Mix

At The Goldman Sachs Group Inc.'s (GS) January 29, 2020 Investor Day, senior management laid out the company's strategic roadmap and goals. Management indicated that GS was entering an era of transformation and opportunity which required a new operating approach. Four areas of focus (Transaction Banking, Third Party Alternatives, Digital Consumer Bank, and Wealth Management) [...]

By |January 22nd, 2021|Equity Investing|Comments Off on The Goldman Sachs Group, Inc. – Driving a More Durable and Higher Return Business Mix

S&P Global Inc. – Acquisition of IHS Markit to Further Embed SPGI in Customer Workflows

On November 30, 2020 S&P Global Inc. (SPGI) and IHS Markit (INFO) announced they would be merging in an all‐stock transaction valuing INFO at $44B including $4.8B of net debt. The share price of SPGI has pulled back ~20% from its 52 week high thereby making the acquisition of additional SPGI shares in anticipation of [...]

By |January 19th, 2021|Equity Investing|Comments Off on S&P Global Inc. – Acquisition of IHS Markit to Further Embed SPGI in Customer Workflows

VISA Inc. – Recent Purchase for Investor in Their Early 20s

Shares in Visa Inc. (V), my largest holding, are held in a retirement account for which I do not disclose details; I have been a shareholder almost from the date the company went public in March 2008. I have now initiated a position in V within a non-registered investment account held by a young investor. [...]

By |January 15th, 2021|Equity Investing|Comments Off on VISA Inc. – Recent Purchase for Investor in Their Early 20s

The Bank of Nova Scotia – Still Reasonably Valued Despite Recent Run Up

The Bank of Nova Scotia (BNS.to) has generated investment returns over the last several years which have lagged the other 4 of the Big 5 Canadian banks. This is partially attributed to the bank having exited 23 countries and 7 - 8 businesses within the past several months that were deemed non-strategic. The restructuring is [...]

By |January 14th, 2021|Equity Investing|Comments Off on The Bank of Nova Scotia – Still Reasonably Valued Despite Recent Run Up

Chevron Corporation – Zig When Others Zag

As a long-term investor seeking to invest in undervalued / fairly valued companies, the current market environment has significantly reduced the number of investment opportunities. This is a market of stocks and not a stock market, however, so there are some companies which do appeal to me. Companies in the oil and gas sector have [...]

By |January 12th, 2021|Equity Investing|Comments Off on Chevron Corporation – Zig When Others Zag

The Royal Bank of Canada – Added to One of My Top 10 Holdings

In recent articles I have indicated that I like Warren Buffett's 'punch card' analogy when it comes to investing which favors investing in a relatively small number of high quality companies as opposed 'throwing mud against the wall' which involves investing in a large number of companies. I prefer to limit the number of companies [...]

By |January 11th, 2021|Equity Investing|Comments Off on The Royal Bank of Canada – Added to One of My Top 10 Holdings

Sold Brookfield Property Partners L.P. to Acquire More Brookfield Asset Management

Brookfield Asset Management Inc. (BAM-a.TO) and institutional partners recently announced their proposal to acquire 100% of the units of Brookfield Property Partners L.P. (BPY-UN.TO) not owned by Brookfield for $5.9B. I want to increase my exposure to the BAM group of companies. Since I am of the opinion the real estate aspect of BAM's business [...]

By |January 8th, 2021|Equity Investing|Comments Off on Sold Brookfield Property Partners L.P. to Acquire More Brookfield Asset Management
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