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.
DISCLAIMER:
You got your ERF drip shares at over a $20 cost? How did that happen as I thought they were in the $18s?
ReplyDeletePulling Myself Up,
DeleteI 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.
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.
Delete