3rd Buy - Cloud & Rundle

Housekeping

Well done again for the auto payments - everything appears to be ticking along on autopilot so we can rake in the squillions.

What and Why

Microsoft has been a great share for us from a Super fund perspective and although the price has jumped a lot over the years I have been following it, I still think it is a great, long term stock.

Reasoning is that Microsoft still has a cracking good suite of software, including Teams that has come to the fore in Covid times, competing against Zoom etc. It is a superb, one stop shop affair - with every app you could need for general business plus remote collaboration and storage, all wrapped up in a recurring revenue bundle (rundle) under the Office 365 banner. Plus it owns Linkedin so has a hand in business social.

PE - that we discussed last post, is mid to high 30’s which is high’ish but not crazy - and so I think they are one to own - therefore - we do - now.

How we have gone

We have over $3,400 in the portfolio now - so things are going well. The market is getting a bit over heated again so it might fluctuate a bit - but slow and steady wins the race and I am super pleased with our consistent progress.

For our next purchase, I have been thinking about buying a ETF that focuses on Climate Change - called ERTH (ASX) - it looks ok - and has only just listed - but still not sure yet - it makes sense from a high level concept point of view - but not sure how I feel about the ETF versus the underlying share situation - for example, the ETF has telsa as one of its shares - and I don’t know whether that is a great idea from a financial perspective, even though I believe in EV’s. If you guys want to check it out, then google BetaShares Climate Change ETF - and let me know what you think.

Your SVP.