FFJ Portfolio – August 2023

This FFJ Portfolio - August 2023 report is an overview of my recent investment activity.

Relative to August 2022, the value of the FFJ Portfolio has fallen by ~$15,606 CDN and increased by ~$1,153,509 USD. The increase is attributed to my concerted effort to increase my exposure to high-quality US companies.

Purchases In The FFJ Portfolio

In August, I made the following purchases in the FFJ Portfolio.

Paycom Software (PAYC)

I initiated a new position in PAYC with the purchase of 200 shares @ ~$301/share; this purchase was disclosed in my August 3 post. I subsequently purchased 50 shares @ ~$290/share on August 3 and 50 shares @ ~$280/share on August 18; I did not write posts disclosing the most two recent purchases. There are now 300 shares in a 'Core' account in the FFJ Portfolio.

Zoom Video Technologies (ZM)

In my August 23 post, I disclosed a new position in ZM with the purchase of 400 shares on August 22 @ ~$64.58/share. Shares are held in a 'Core' account within the FFJ Portfolio.

Copart (CPRT)

On August 9, I acquired another 200 shares @ ~$87.475/share; I did not write a post disclosing this purchase. CPRT subsequently initiated a 2-for-1 stock split and I now hold 2200 shares in a 'Core account within the FFJ Portfolio with an average cost of ~$33.44.

HEICO (HEI.a)

On August 29, I acquired another 100 shares @ ~$127.75/share and disclosed this purchase in my August 30 post. My exposure now consists of 400 shares in a 'Core' account and 400 shares in a 'Side' account within the FFJ Portfolio.

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.

The income from the holdings within the FFJ Portfolio is accessible here.

During August, the holdings within the FFJ Portfolio generated:

• 'Core' accounts: ~$1,907 CDN and ~$1,877 USD
• 'Side' accounts: ~$1,462  CDN and ~$845 USD

YTD dividend income is:

• Core' accounts: ~$14,621 CDN and ~$23,670 USD
• 'Side' accounts: ~$17,264 CDN and ~$14,467 USD

I received dividend income from the following companies in the FFJ Portfolio and retirement accounts for which I do not disclose details.

• Abbvie (ABBV)
• Apple (AAPL)
• Bank New York Mellon (BK)
• Blackstone (BX)
• Carrier Global Corporation (CARR)
• Mastercard (MA)
• Paychex (PAYX)
• West Pharmaceuticals (WST)
• Emera (EMA.to)
• SMART Centres Real Estate Investment Trust (SRU-UN.to)
• The Bank of Montreal (BMO.to)
• The Royal Bank of Canada (RY.to)

Holdings

The monthly FFJ Portfolio holdings dating back to December 2018 are accessible here.

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

NOTE: The above values exclude investments in several tax-efficient accounts for which I do not disclose details.

My final thoughts are the same as reflected in my July 2023 report.

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.