Friday, January 2, 2015

2014!!!

     The year 2014 is now behind us.  I made an incredible increase in my net worth. I ended 2013 with a net worth of $70418.13 and ended 2014 with a net worth of $94327.62.  That is an increase of 33.95%.

      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.

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 be NOT 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

5 comments:

  1. Nice work! That is a huge year! My two biggest gainers that I took profits with were KMB and BWLD.

    ReplyDelete
    Replies
    1. DSF,

      Thanks for dropping by. Besides my portfolio on this blog, I have savings, and money in RRSPs, which is the Canadian version of 401k. Almost most the increase is in the investing accounts I used for this blog and paying down debt related to investing.

      Delete
  2. Great work in the increase in networth. Takes determination and patience for that.

    ReplyDelete
    Replies
    1. Pullingmyself,

      It takes a lot of work and sacrifice for that increase. Last year I paid myself 35% of income from all sources of income except from capital gains. From one trade I took out the gain to make a balloon payment on an investment line of credit. At the end of the month, I also take any money that is left over and this money goes into investing also.

      Delete
  3. Congrats on increasing your networth by 33%. Thats a fantastic progress. Keep it up!

    R2R

    ReplyDelete