Tuesday, June 3, 2014

Portfolio Update May 2014

 We are at the start of another month. The stock market keeps going higher and higher and it is getting more difficult to find stocks trading at reasonable prices.

During the month of May, I turned the DRIP back on for Just Energy. Just Energy had been trading recently above my cost basis of $8.05 a share. I had the DRIP turned off a few months ago to keep my cost basis from increasing.  On May 14, the price dropped over $2.00 a share. I which I would of sold my position at around $9.00 a share.

Just Energy

 I sold off my position in Chorus Aviation, as I decided I did not want to hold it very long. This stock trades below $5.00 and has one major customer which is Air Canada. Air Canada, by law, must fly to certain destinations in Canada even when it doesn't make money.

I decided to try another way of making money in the markets. I contacted my broker to get approval to Level 4, which will allow me to sell options.  I  SOLD a RCI,B.TO June 21 2014 44 Put for $0.69/contract. I sold contract, which equals 100 shares for a premium of $58.05 after commission. You can read about this  here.


In my TFSA, I acquired 1 share of Killam Properties @10.40 through DRIP.  I also have a trade on in my TFSA. The bought 6 contracts of RY.TO June 21 2014 $74.00 Put for a total cost of $285.95 including commissions. I did not mention this trade in a prior post.

I have updated my portfolio spreadsheet in the tab above. The current value of the portfolio is $67784.06 as of June 3.  This is an increase of 1.617 % from last month. I will gladly take this increase considering I had a major paper loss with the shares of Just Energy.


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

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