The month of October 2014 is now behind us. During the month of October, the overall market dropped. With the world events of what is going on in Iraq and the health epidemic of Ebola weighed heavily on the markets. We have seen huge drops in energy stock prices over the course of the month. This has heavily impacted my portfolio has one of my stocks, Enerplus, is a major holding for me. Enerplus is directly involved in the production of crude oil and natural gas. Enbridge is involved in the transportation of crude oil and natural gas by pipelines and other forms of energy. The price of crude oil over the last two months had dropped from approximately $96.00 to near $80.00.
Other stocks have pulled back as well. This market pull back does provide opportunities, especially in the energy sector. Energy is a big part of my portfolio right now, so I am hesitant to add to any positions in the sector at the moment.
In August, I sold two put options in different stocks on the Toronto Stock Exchange. These options had an October 18, 2014 expiration date. The put option in TD Bank was assigned as it was trading bellow the strike price at expiration. The second put option in Roger's Communications did not get assigned as it traded above the strike price at expiration time. I currently own 100 shares of Roger's Communications Class B stock. You can read more about these two trades here.
Besides the option assignment of TD Bank stock (TD.TO), I also acquired
1 more share of Killam properties in my TFSA via DRIP at a cost of
$10.27. I acquired 0.113401 shares of Scotia Bank (BNS.TO) through a full DRIP directly with the transfer agent.
of Nov 1, 2014, the value of my portfolio stands at $72826.21. This is
an increase of 1.309% over last month. Although my energy stocks dropped, the other stocks I currently own have increase in value. I also contributed some cash to my portfolio.
I have updated my investment account tab above.
Disclosure: Long KMP.TO,TD.TO, RCI.B.TO