Welcome to another edition of Money While You Sleep. I hope each and every one of you had an awesome Halloween—I know we did! In October, the stock market was soaring once again, with the S&P 500 reaching record highs. Major companies like Microsoft, Meta Platforms, Amazon, and Apple reported their earnings, contributing to the bullish sentiment. Before I get into our performance, here’s a little bit of what we’ve been up to:
- Right back into another season of U9 Hockey and getting the pleasure to coach the kids again
- Our daughter back in the dance studio working her tail off for competitions.
- Our little guy continued his tradition of being food for Halloween.
Portfolio details:
- Another month and another all-time high in the portfolio. I know this is going to end eventually but in the meantime I’m just going to enjoy the ride.
Sold:
Bought
Recently added to Lightspeed (LSPD) yet again and this is why:
Attractively Priced: Lightspeed stock has yet to correct since finally starting to show a positive EPS.
Strong Growth Potential: Lightspeed’s Payments Solutions have shown strong growth, with a penetration rate of 11% and significant opportunities for further expansion.
Increasing ARPU: Lightspeed is seeing a growing number of customers adopting multiple modules, driving up its average revenue per user.
Accretive Acquisitions: Recent acquisitions have accelerated Lightspeed’s growth by increasing market penetration and expanding its customer base.
Expanding Addressable Market: Strategic acquisitions, product innovation, and geographical expansion are likely to expand Lightspeed’s total addressable market.
Continue to add additional shares into Rogers Communication (RCI.B) and you can see my recent write up on why HERE.
Opened a fresh position into Magna International Inc. as I believe its trading at an attractive valuation and here’s why:
Dividend Yield: Magna offers a healthy dividend yield of around 4.6% with a payout ratio of 50.8%, which provides safety to the dividend and a steady income stream for investors.
Strong Market Position: Magna is one of the largest automotive suppliers globally, with extensive manufacturing operations and a diverse product range.
Growth Prospects: Despite recent challenges, the long-term growth prospects for the automotive industry remain strong, with a projected CAGR of 6.8% from 2023 to 2033.
Strategic Initiatives: Magna is investing in megatrends like powertrain electrification, battery enclosures, and active safety segments, positioning itself well for future market expansion.
Financial Health: Magna maintains a healthy balance sheet with a solid debt-to-EBITDA ratio and significant liquidity.
Stock Buyback Program: Magna has announced a $1.2 billion stock buyback program, signaling confidence in its own value and providing support to its stock price.
Dividend/Distribution Increase or Decrease
- Canadian Natural Resources (CNQ) with another increase to the dividend by 7% and 13% overall in 2024.
2024 Dividends and Distributions
October dividends/distributions came in at $743. This is a YOY increase of 20%. All the dividends have either been dripped or placed into cash for future purchases. We dripped 9 new shares, across 3 companies. After 9 months we are 82% towards our goal.
Dividends/Income received
Drips were in the following names: TD, AQN and PLZ.UN
See you next month
Invest in yourself
Brian
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.
