Sunday, March 1, 2015

Portfolio Update - February 2015

     The second month of 2015 is now behind us.  During the month of February, the price of a barrel of crude oil (WTI) stayed low and is currently at  $49.76 on the NYMEX.  This drop in price has a big effect on my portfolio due to the weight on the energy sector in my portfolio. A stock that I hold, Enerplus, has good earnings in their latest report. With the current environment of low oil prices, Enerplus has cut their dividend from $0.09 per month to $0.05 per month starting in April 2015.

Shares added due to drip

3 shares of ERF @ $14.08 for a total of $42.24
1 share of KMP @ $11.20 for a total of $11.20

    In my last portfolio update,  I wrote that my Bank of Nova Scotia shares have not shown how much new shares were aquired through the full DRIP at the time of the writing.  I acquired 0.314967 new shares @ $62.48 for a total of $19.68.

    I wrote a covered call on my TD position, for a net premium of $99.05. This money is kept in my investing accounts to use towards acquiring stock purchases.  Writing a covered call, allows me to collect some extra money besides the dividend. If the stock price stays below my strike price of $56.00 at the March 20, 2015 expiration date, my shares will not be called away. 

    On Feb 22, 2015 I wrote about my sale of Sherritt International inside my TFSA. My ROI on this trade was 15.62%.  In this same post, I discussed my closing out of Bombardier Inc. Class B shares inside my TFSA.  My ROI on this trade was 8.333%.  You can read about these two trades here.

    On Feb 26, 2015, I sold my 600 shares of Sherritt International in my margin account. My ROI on this trade was  7.47% .  I held these shares in my margin account for over a month, prior to my limit order being filled.  As of the time of this writing, I do not own any shares of  Sherritt International in either my margin or TFSA accounts.

      As of Mar 1, 2015, the value of my portfolio stands at $78105.25. This is an increase of 3.303% over last month. My positions TD and RY have increase a lot over the past month which included the news on their dividend raises they just recently announced.  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. The dividend rates have been updated on the spread sheet . Please note some of the dividend rates might not take effect on the next dividend payment  but will within 3 months of their recent announcements.

Disclosure: Long KMP, ERF, BNS, RY, TD

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


  1. IP,
    Congrats on a solid month. Im happy to see another hard work that pays off!

    1. FrugalitytoFinancialFreedom,

      Thanks for dropping by and the support. I was glad to see my financial stocks increase in value and some dividend raises. My position of Enerplus is holding good despite the low oil prices. The company is being extra careful with their cashflow currently.

  2. Sherrit makes me more nervous than hell lol. I really like you are writing some covered calls on TD. I have been thinking lately of doing the same thing and increasing my position there. Keep up the good work!

    1. Asset-Grinder,

      Thanks for dropping by. Yeah, Sherritt is difficult to hold at sometimes. Currently right now, Sherritt has a negative earnings so the company is struggling right now with nickel prices.

      I chose to write a covered call in TD as my purchase price was high. I purchased this stock initially through a short put. The price went down to near $50 and then climbed back up. My cost basis is slightly over $55.00.

  3. Dividend increases are the name of the game! Build a portfolio of solid companies and they will happen for many years. Keep up the good work and thanks for the portfolio update.

    1. Writing2reality,

      Thanks for dropping by. Gotta love the dividend increases. It goes to show your the money works harder for me than I ever could. Get bigger raises than I get at my job for doing very little on my part. Gotta love it!!!

  4. Looks like a pretty solid month. And I like that you're selling options on TD. I think selling covered calls is a great way to get extra income. If I had more capital available I wouldn't mind buying 200 shares in one of the CDN banks and then just repeatedly sell calls on half of them. Keep moving forward!

    1. Passive Income Pursuit,

      Thanks for dropping by. Selling cover calls are definitely a great way to earn an extra income. My cost basis has been high on this stock and the stock has fallen near to $50 but climbed back up to a good amount. I am with you, if I had more cash I would by a couple hundreds share in the banks and sell options repeatly.

  5. Looks like you had a pretty solid month, TD, RY, and BNS just recently announced dividend increases too. Got to love dividend increases.

    1. Tawcan,

      I am definitely grateful for the dividend increases. The increases definitely make the journey to financial independence at lot easier with each dividend payment and dividend increase.