The Prosperity Update – January 2020
What You Own and Why You Own It
In January Brad had a quick trip to Palm Springs for the Value Partners Investments shareholder meeting and due diligence trip. The weather was great, but the real reason for the trip was to get face to face with some of the people that we partner with to manage your (and our) money.
One of the main topics of discussion was what you own and why you own it. This is your financial future and we never lose sight of the responsibility we have to be good stewards of the money entrusted to us.
Current Holdings, as of Dec. 31, 2019
|Cash and Fixed Income||16.7%|
|Daily Interest Savings||9.8%|
|Vanguard Canadian Aggregate Bond ETF||5.4%|
|Value Partners Income Pool||16.9%|
|Antares Total Equity||17.4%|
|Value Partners Canadian Equity||17.5%|
|Vanguard FTSE Developed All Cap ex North America ETF||11.5%|
|Vanguard US Total Market Return ETF||12.2%|
|Berkshire Hathaway B shares||1.6%|
|Canadian Natural Resources Ltd.||3.2%|
|Suncor Energy Inc.||2.7%|
What Makes the Prosperity Fund Special
The Prosperity Fund is a collection of our best ideas at our best prices, with client friendly convenience.
When we designed the Prosperity Fund we wanted an efficient investment vehicle to deliver our best ideas. But that wasn’t all we were looking to achieve. We also wanted something that was easy to work with. We wanted to take the best parts of portfolio design and tax efficiency and cost effectiveness and ease of administration and combine it into one super-investment.
We are ready to announce the next progression. At the end of the quarter we will be initiating a dividend policy. Our objective is to generate cash in your account in order to cover the costs of running the Prosperity Fund.
This falls under our client friendly convenience objective. The net result is a low-cost, transparent, automated investment.
In January we purchased TD Bank. TD was trading at what we feel is an attractive price, and pays a dividend of 4%. We will elaborate in the next newsletter.
The Prosperity Fund is an investment designed for patient investors looking to grow their money over the long term. It has a target asset allocation of 85% equity investments and 15% cash and fixed income.
While we have seen steady returns so far, equity markets will inevitably go through some market turbulence at some point. When that happens it could be an excellent time to acquire quality investments at sale prices.
Reminder # 2: The RRSP deadline is March 2, 2020
Recommendations are Welcome!
If you know of anyone whom we should talk to about the Prosperity Fund, or any other financial matter, please feel free to pass along my name, or direct them to the website, www.bradbrainfinancial.com.
Following a value style of investing, the Prosperity Fund will be a collection of our best ideas, with a Target Asset Allocation of 85% Equities and 15% Cash and Fixed Income.
The Prosperity Fund is appropriate for patient investors looking to grow their money over the long term. It is not appropriate for people looking to speculate, for time frames less than five years, or for people who are not
comfortable with market variability. The Prosperity Fund requires a minimum purchase of $50,000.
Aligned Capital Partners Inc. is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and a Member of the Canadian Investor Protection Fund (www.cipf.ca).
Please contact Brad brain or visit http://bradbrainfinancial.com/investments-acpi/our-investments/ for additional information about the Prosperity Fund. Important information is contained in the offering memorandum and should be read carefully before investing. The offering memorandum can be found here http://bradbrainfinancial.com/investments-acpi/wpcontent/uploads/sites/2/2019/06/05.21.2019_Prosperity_Fund_OM_FINAL.pdf