During 2014, I decided to stick to paying myself 35% from job income, dividend income, and interest income. The option premiums I received and the capital gains were 100% kept in my accounts except in one case, which I wrote about here. The markets have been doing good up until recently. At the end of every month, I also put the money that is left over into my investing accounts.
During 2014, two restaurants chains headquartered in Canada and the United States were involved in the biggest leveraged buyout in history. The United States company, Burger King, purchased Tim Horton's. I read that 3G Capital , the major investor in Burger King, started the ball rolling on this acquisition talking to Warren Buffett. The deal was approved and now the new formed company operates their separate brands, but are owned by the same company. I owned 100 shares at Tim Horton's, which you can read about here. The announcement of Burger King wanting to buy Tim Horton's sent the share price skyrocketing. My purchase price was $59.70 and I sold for $89.25, which you can read about here.
When the year ended, these are some of the highlights:
- $2657.85 in dividend income as reported in my dividend income updates.
- $672.00 received in distributions from my trade in Dundee REIT, that I mention in my dividend income updates. Dundee REIT has changed its name to Dream Office REIT during the last year.
- $12.63 in dividends per month on average due to shares accumulated due to DRIP.
- Approximately $3900 in capital gains, due mostly to sale of my shares of Tim Horton's and two trades of Sherritt International. My first trade of Sherritt International was approximately $88.10 in gains and the second one, was $400.10 in capital gains.
In 2015, I will pay attention to low oil prices and read more of what effects this will have on the economy. If oil prices remain this low for the foreseeable future, there will likely be massive layoffs in the western Canadian provinces. When oil is this low, the company's in the energy sector will not drill as it is not advantageous for them to do so. The oil in North America, especially in western Canada, takes a lot of more effort and time to get oil out of the ground.
Disclosure: I currently continuing to hold D.UN in both margin and TFSA accounts.