Friday, June 27, 2014

Week End Reading - June 27

Another work week has been completed.  The stock market keeps marching higher and higher as the days go by. As of June 27, 2014, S&P 500 is up 6.08% YTD and the TSX Composite Index in Toronto is up 10.81% YTD.

Are we due for a stock market correction in the near future? It will actually be quite nice especially when I am looking to buy more equity positions at the moment.

A few of my fellow bloggers, had some great post during the past week that are worth reading.

Dividend Mantra recently published a post on Frugal Fitness. In this post, Dividend Mantra spells out his weekly fitness routine that he does since making the journey home to Michigan from Florida. This article point what any person can do on a tight budget to get some exercise to make yourself feel better and healthy.

Liquid Independence over at recently published a post titled Options Trading Successful. The stock in question is Teck Resources Class B stock listed on the TSX in Toronto, Canada. Liquid Independence sold a naked put with a strike price of $23.00 and expiration date of June 21, 2014.  I recently sold my first naked put, which was in Rogers Communications Class B stock and it was assigned.

Kraig, over at, published a video podcast on reasons to ditch your job and start a business. When running a business it gives you more choices what to do with your time on a daily basis.

Dividend Stock Fish (DSF) recently posted about the Amazing History of Oil. As oil is important for every life, it is also a great dividend payer from the companies that are involved in sections of the oil industry. There is also a video  by DSF in this post in which he discusses the oil industry.

EDIT:  when you sell a put and have to purchase the 100 shares, it means the option was assigned.

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     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. Interesting to see the Canadian stock market outperform the U.S. so far this year. Maybe this means there are more opportunities south of the border. I heard parts of the U.S. were hit particularly hard by the freezing winter which can hurt a company's top line, as well as its earnings. Thanks for the mention. Have a great weekend :)

    1. Liquid,

      With the US had freezing winter some of Canadian companies benefit like Enbridge with their pipelines.. No problem on the mention..

      I just discovered that Roger's went ex-dividend the middle of June, so I will not get next week dividend payment. I was quite sure I read some where that their ex-dividend was July 3... Roger's Investor Relations shows that it went ex-dividend in mid June.

    2. Darn it. Lots of misinformation on the internet these days. That's okay. You're long on RCI.B anyway, like me. You'll get 'em next time (^_-)

  2. IP,

    Thanks so much for sharing. Appreciate it!

    I wasn't aware the TSX has been so strong YTD. I expect to see a pullback at some point here, but you just never know.

    Best wishes!


    1. Dividend Mantra,

      No problem on the mention. The TSX composite index in Toronto has lots of energy companies in it. With the real cold winter in the United States and Canada, the energy companies were quite busy this past winter. More earnings for these companies means investors want a piece of the action and their stock prices rise.