Trade Update

I discussed in a recently Recent Trade.  I sell order went through on Jan 14, 2014.

I sold all 1200 shares of Sherritt International Corporation for a total of 4382.05 including commissions.

Cost: 4284.00
Commission:  9.95
Sell 4392.00
Commission 9.95
Margin Money: 264.30@6%
 
Profit = (4392.00-4284.00)-19.90-0.30=87.80

Return =[Net proceeds + Dividends - Margin Interest] /  [Cost Basis ] - 1
            = (4392-9.95-0.30) / (4284.00-264.30+9.95)-1
           = 8.74%

What if I didn't use margin (Note : This is not a recommendation to use borrowed money)

Return = [4382.05/4293.95]  -1
             =  2.05 %

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk