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Shares added due to drip
4 shares of ERF @ $10.44 for a total of $41.76
1 share of KMP @ $10.57 for a total of $10.57
Please note, that BNS recently paid a dividend in the last few days. I own this stock directly with the transfer agent and the position is set up as a full drip. Therefore, when the price is determined of the dividend reinvestment, I will gain some partial shares of BNS.
My cash position in low at the moment. During the month I made a couple of trades and plus had an option assignment. My recent put option in Royal Bank, which you can read about here, was assignment as the price was below my strike price at expiration. My plan, initially, if this put option was assigned was to sell covered calls on this position. With selling, or writing, a covered call I will be paid the premium up front for the obligation to sell my 100 shares at the strike price before or at expiration. When an covered call is exercised, The premium paid is added to the proceeds of sale, which means a greater capital gain or smaller capital loss. Due to the price of the stock fallen to $71.74, I have abandoned the covered call strategy and will look to average down. Royal Bank is a solid company and has a history of raising dividends and has paid dividends consistently for a long time.
On January 13, I purchased 600 shares at $2.40 a share for a total of $1446.00 including commissions of Sherritt International in my margin account. You can read about this recent trade here. I have traded this stock in the past and was profitable on both trades.
On January 16, I purchased 500 shares of Bombardier Inc. Class B shares inside my TFSA at $2.75 per share. The total cost of this transaction is $1380.00 including commissions, which you can read about here. For disclosure, I also own 1000 shares of Bombardier Inc. Class B shares in my margin account for investment purposes.
As of Jan 31, 2015, the value of my portfolio stands at $75607.84. This is an increase of 1.017% over last month. I have experienced drawdown on my TD and RY positions. I believe these are solid companies to have in my portfolio going forward and will look to average down on these positions in due course. I also contributed some cash to my portfolio.
I will update my investing account tab above.
Disclosure: Long KMP, ERF, BNS, RY, TD