The month of February has come and gone. There continues to be lots of layoffs in Western Canada due to the low oil prices. The ripple effect of these layoffs has started all across the country. Lots of people from other parts of Canada fly back and forth to Alberta to work in the oil patch and companies that service the oil patch. Why do they do this? These jobs pay a lot more than a regular job were they live. The downside for most of these people, is that they spend too much money instead of saving and investing it, and then are stuck flying back and forth out to Western Canada.
A wrote a post on my dividend income for the month of January. The post detailed my highest ever monthly total of dividend income. This goes to show you the power of compounding, reinvesting dividends and dividend growth investing. Passing the $400 mark in one month is a great feeling.
I wrote about selling another covered call in my margin account in QSR, after one had expired. I continue to do this has the stock pays a low yield. As of right now, the price of the stock has shot up higher than the strike price of $48.00. The covered call expires April 15, 2015. A cover call allows the seller of the option to collect a premium up front for being obligated to sell the shares at $48.00, my strike price, before or at option expiration. The option seller gets to keep the premium regardless if the market goes up, down , or sideways.
Shares Acquired Though Drip
4 shares of Enerplus @$3.9959 for a total of $15.98
1 unit of Dream REIT @ $15.71 for a total of $15.71
1 unit of Killam Properties REIT @ 10.72 for a total of $10.72.
As of Mar 3, the value of my portfolio stands at $81081.01. This is
an increase of 4.91%
over last month. I will
update my investing account tab above.
Disclosure: Long all mentioned securities.