Contents
This FFJ Portfolio - February 2024 report recaps my investment activity during the month and in the first few days of March while I was on a ski trip. A snapshot of the holdings within the portfolio at the end of each month from December 2018 to February 29 is accessible here.
In December 2018, the FFJ Portfolio totals were:
Core Accounts: ~$350,809 CDN and ~$418,907 USD
Side Accounts: ~$715,363 CDN and ~$496,589 USD
Total: ~$1,066,172 CDN and ~$915,496 USD
In addition to having made multiple purchases subsequent to December 2018 (and a limited number of sales), my holdings have (for the most part) appreciated in value. The increase in the value of the FFJ Portfolio from December 2018 to February 2024 is ~$ 394,724 CDN and ~$ 4,196,450 USD.
Purchases
Paycom Software (PAYC)
In my February 8 Paycom Software Remains Undervalued post, I disclosed the purchase of 100 additional shares @ ~$192. On February 9, however, I acquired another 50 shares @ $188.60. While on my ski vacation, I acquired another 100 shares on March 4 @ ~$178.18. My PAYC exposure is now 600 shares.
West Pharmaceutical (WST)
In my February 17 West Pharmaceutical Expects A Challenging FY2024 post, I disclosed the purchase of 50 additional shares @ ~$340 bringing my WST exposure to 150 shares.
Veeva Systems (VEEV)
I reviewed Veeva Systems in this December 26, 2023 post. On February 29 (while on my ski trip), VEEV released its Q4 and FY2023 results and FY2024 outlook. After reviewing this information, I initiated a 100 share position @ ~$219.81 on March 1 in one of the 'Core' accounts within the FFJ Portfolio and disclose this purchase in my March 21 post.
Dividend Income
I base my investment decisions on risk, valuation, and long-term total potential return. Dividend metrics are of lesser importance. Nevertheless, I do track dividend income.
I received dividend income from the following companies in the FFJ Portfolio and retirement accounts for which I do not disclose details.
- Apple (AAPL)
- Blackstone (BX)
- Carrier Global (CARR)
- Mastercard (MA)
- Paychex (PAYX)
- West Pharmaceutical (WST)
- Emera (EMA.to)
- The Bank of Montreal (BMO.to)
- The Royal Bank of Canada (RY.to)
The income from the holdings within the FFJ Portfolio is accessible here.
During February 2024, the holdings within the FFJ Portfolio generated:
- 'Core' accounts: ~$ 1,765 CDN and ~$ 1,880 USD
- 'Side' accounts: ~$ 1,547 CDN and ~$ 875 USD
Holdings
The following are the monthly values of the FFJ Portfolio over the past several months.
January 2022
Core Accounts: ~$773,000 CDN and ~$1,858,000 USD
Side Accounts: ~$666,000 CDN and ~$1,475,000 USD
Total: ~$1,439,000 CDN and ~$3,333,000 USD
February 2022
Core Accounts: ~$778,000 CDN and ~$2,014,000 USD
Side Accounts: ~$672,000 CDN and ~$1,465,000 USD
Total: ~$1,450,000 CDN and ~$3,479,000 USD
March 2022
Core Accounts: ~$810,000 CDN and ~$2,118,000 USD
Side Accounts: ~$696,000 CDN and ~$1,554,000 USD
Total: ~$1,506,000 CDN and ~$3,672,000 USD
April 2022
Core Accounts: ~$770,332 CDN and ~$2,026,487 USD
Side Accounts: ~$658,363 CDN and ~$1,514,137 USD
Total: ~$1,428,695 CDN and ~$3,540,624 USD
May 2022
Core Accounts: ~$784,833 CDN and ~$2,133,728 USD
Side Accounts: ~$661,080 CDN and ~$1,499,998 USD
Total: ~$1,445,913 CDN and ~$3,633,726 USD
June 2022
Core Accounts: ~$742,473 CDN and ~$2,006,645 USD
Side Accounts: ~$595,911 CDN and ~$1,401,823 USD
Total: ~$1,338,384 CDN and ~$3,408,468 USD
July 2022
Core Accounts: ~$794,405 CDN and ~$2,230,466 USD
Side Accounts: ~$644,255 CDN and ~$1,539,292 USD
Total: ~$1,438,660 CDN and ~$3,769,758 USD
August 2022
Core Accounts: ~$740,560 CDN and ~$2,064,323 USD
Side Accounts: ~$637,547 CDN and ~$1,478,073 USD
Total: ~$1,378,107 CDN and ~$3,542,396 USD
September 2022
Core Accounts: ~$707,781 CDN and ~$1,894,989 USD
Side Accounts: ~$612,394 CDN and ~$1,311,542 USD
Total: ~$1,320,175 CDN and ~$3,206,531 USD
October 2022
Core Accounts: ~$740,555 CDN and ~$2,160,153 USD
Side Accounts: ~$624,677 CDN and ~$1,441,483 USD
Total: ~$1,365,232 CDN and ~$3,601,636 USD
November 2022
Core Accounts: ~$785,647 CDN and ~$2,311,806 USD
Side Accounts: ~$653,367 CDN and ~$1,516,013 USD
Total: ~$1,439,014 CDN and ~$3,827,819 USD
December 2022
Core Accounts: ~$737,157 CDN and ~$2,271,705 USD
Side Accounts: ~$602,514 CDN and ~$1,438,680 USD
Total: ~$1,339,671 CDN and ~$3,710,385 USD
January 2023
Core Accounts: ~$775,787 CDN and ~$2,387,269 USD
Side Accounts: ~$642,451 CDN and ~$1,520,472 USD
Total: ~$1,418,238 CDN and ~$3,907,741 USD
February 2023
Core Accounts: ~$757,627 CDN and ~$2,283,481 USD
Side Accounts: ~$634,210 CDN and ~$1,474,168 USD
Total: ~$1,391,837 CDN and ~$3,757,649 USD
March 2023
Core Accounts: ~$747,355 CDN and ~$2,385,759 USD
Side Accounts: ~$628,335 CDN and ~$1,532,785 USD
Total: ~$1,375,690 CDN and ~$3,918,544 USD
April 2023
Core Accounts: ~$768,494 CDN and ~$2,506,613 USD
Side Accounts: ~$638,604 CDN and ~$1,527,968 USD
Total: ~$1,407,098 CDN and ~$4,034,581 USD
May 2023
Core Accounts: ~$726,443 CDN and ~$2,536,273 USD
Side Accounts: ~$613,517 CDN and ~$1,480,114 USD
Total: ~$1,339,960 CDN and ~$4,016,387 USD
June 2023
Core Accounts: ~$769,378 CDN and ~$2,773,868 USD
Side Accounts: ~$630,919 CDN and ~$1,611,031 USD
Total: ~$1,400,297 CDN and ~$4,384,899 USD
July 2023
Core Accounts: ~$769,720 CDN and ~$2,884,064 USD
Side Accounts: ~$641,331 CDN and ~$1,670,716 USD
Total: ~$1,411,051 CDN and ~$4,554,780 USD
August 2023
Core Accounts: ~$742,952 CDN and ~$3,037,143 USD
Side Accounts: ~$619,549 CDN and ~$1,658,762 USD
Total: ~$1,362,501 CDN and ~$4,695,905 USD
September 2023
Core Accounts: ~$722,627 CDN and ~$3,001,498 USD
Side Accounts: ~$596,498 CDN and ~$1,584,096 USD
Total: ~$1,319,125 CDN and ~$4,585,594 USD
October 2023
Core Accounts: ~$695,571 CDN and ~$2,868,375 USD
Side Accounts: ~$576,003 CDN and ~$1,529,009 USD
Total: ~$1,271,574 CDN and ~$4,397,384 USD
November 2023
Core Accounts: ~$741,434 CDN and ~$3,117,406 USD
Side Accounts: ~$624,749 CDN and ~$1,643,731 USD
Total: ~$1,366,183 CDN and ~$4,761,137 USD
December 2023
Core Accounts: ~$776,979 CDN and ~$3,226,033 USD
Side Accounts: ~$671,468 CDN and ~$1,701,449 USD
Total: ~$1,448,447 CDN and ~$4,927,482 USD
January 2024
Core Accounts: ~$ 767,961 CDN and ~$ 3,248,647 USD
Side Accounts: ~$ 663,744 CDN and ~$ 1,683,481 USD
Total: ~$ 1,431,705 CDN and ~$ 4,932,128 USD
February 2024
Core Accounts: ~$ 790,776 CDN and ~$ 3,391,122 USD
Side Accounts: ~$ 670,120 CDN and ~$ 1,720,824 USD
Total: ~$ 1,460,896 CDN and ~$ 5,111,946 USD
NOTE: The above values exclude investments in several tax-efficient accounts for which I do not disclose details.
Final Thoughts
Irrational exuberance continues! I am, therefore, patiently waiting for a broad market correction with the hope of being able to acquire more attractively valued shares. Until such time as this happens, I continue to receive additional shares through the automatic reinvestment of dividend income.
That's it for now.
I wish you much success on your journey to financial freedom.
Note: Please send any feedback, corrections, or questions to [email protected].
Disclaimer: I do not know your circumstances and am not providing individualized advice or recommendations. I encourage you to make all investment decisions through research and due diligence. You should also consult your financial advisor where appropriate.
I wrote this article myself and it expresses my own opinions. I am not receiving compensation for it and have no business relationship with any company whose stock is mentioned in this article.
