3 Buys dabbling into non-dividend payers : Gold, Nuclear and Tech

Hello all and welcome to something of a new topic for us here on FindependenceCanada.com : Non dividend paying stocks.

So first off I feel there needs to be a bit of a disclaimer here: no we are not changing our investment method, nor are we cutting any of our positions in our dividend paying stocks this is merely us gaining exposure into parts of the market where there are very few if any dividend paying options.

Gold

The first position we added was for a small play into the gold markets, now for this position we are hoping to take advantage of an increased gold price for the foreseeable future as well as getting in at the early stages of a future mining opportunity.

For this gold exposure we decided on Thunderstruck Resources ticker symbol AWE.TO

I’ll keep this brief, we chose this company based on the fact that there is a good Canadian management team in place plus reading into their project and how accommodating the government of Fiji is towards investment into their resources.

We understand this is a high risk play which is why we used only a small bit of money into them and are only entertaining selling if we make many multiples of our money. Higher risk, higher reward required in our opinion.

Uranium

The next play was us wanting exposure into the uranium and nuclear market.

For this exposure we decided on Denison Mines Corp. ticker DML.TO

We simply became more bullish on the uranium market than we had been previously after watching the spot price tick up as well as doing some research into what happened over the years during uranium shortages like we’re moving into.

Also, being that we work in the energy sector we’re beginning to see a shift in focus to Nuclear power worldwide as the sentiment seems to be changing to the industry.

Tech

Lastly we get to our Tech exposure. We do already invest into Apple and Microsoft but the next company we decided to invest in has too much upside to ignore.

We finally took the plunge and invested into Facebook stock.

This one doesn’t need any explaining really as anyone who’s been watching the market or using an internet connection over the past decade has seen the power Facebook has on their current and expanding market.

The best part about Facebook that gives us confidence to hold them is their balance sheet. This is a company that knows how to produce revenue and keeps a healthy portion of it on their books which provides a tremendous margin of safety.

Also, we would not be shocked if down the line FB also decides to pay out a dividend but even if they don’t we can always exchange these funds into dividend payers when the time comes for us to be living off of our passive income full time.

So what do you think? Were we right to expand our holdings into gold and uranium? Has anyone else been making similar moves to diversify their portfolios? We’d love to hear from you below or over on our Instagram @FindependenceCanada

Thanks for stopping by,

FIC.

Disclaimer: These are purchases that we have made into our investment accounts and each of them comes with their own set of risks. Please do your own research or speak to an investment professional prior to making any moves in your own investment accounts.