Saturday, February 1, 2014

Portfolio Update Jan 2014

The first month of the year 2014 January is now behind us. It is time for the monthly update. During the month I successfully completed a trade in Sherritt International Corporation for a profit of $88.10 after commission.

On  January 24th, I initiated a position in Tim Horton's on the Toronto Stock Exchange. As the dividend yield is low and am trying to write a covered call with a $60.00 Strike price. When writing a covered call, the seller is paid a premium. This is because as the seller, I will obligated to sell my shares at $60.00 if the price rises above $60.00 before or on the expiration date.

The following stocks were DRIPPED.
 - Enerplus 2 shares @ $20.35
 - Just Energy 6 shares @ $7.76
 - Bank of Nova Scotia  0.113637 shares@ 61.5995

The current value of my portfolio is $58198.06. This represents an increase of 5.62 percent.

I will update my investment tab spread sheet.

Disclosure:  Long ERF, JE, BNS, and THI.


     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


  1. You got your ERF drip shares at over a $20 cost? How did that happen as I thought they were in the $18s?

    1. Pulling Myself Up,

      I am in Canada and bought my shares on the Toronto Exchange. So 1 Canadan dollar is about 0.898 USD as of today. Therefore, the ERF quote on the NYSE is in US Dollars.

    2. Ahhh ok that makes a lot of sense. Wow I hadn't noticed that the CAD/USD had drifted that far in favor of CAD.