Friday, July 1, 2016

Portfolio Update - June 2016

      The month of June 2016 is now behind us.  During the month, the Fort McMurray area of Alberta started its rebuild.  There are workers on the ground doing the cleanup to start rebuilding the houses and businesses destroyed by the fire.  The Fort McMurray airport was also back in operation.

      Towards the end of the month, the results of the referendum means the Britian is leaving the European Union.  This caused a large drop in the markets the very next day.  

    During the month, I purchased shares in a life insurance company.  I purchased 100 shares of Manulife Financial at $18.61 per share for a total cost of 1865.95 including commissions.  The ticker symbol on the Toronto Stock Exchange is MFC.  The basic description of the company is as follows:
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company's segments, including Asia Division, Canadian Division, U.S. Division, and the Corporate and Other segment. The product and service offerings of each segment include Protection (Asia, Canadian and U.S. Divisions), Wealth Management (Asia, Canadian and U.S. Divisions), and Corporate and Other segment. It is a financial services company with principal operations in Asia, Canada and the United States. The Company offers financial protection and wealth management products and services to personal and business clients, as well as asset management services to institutional customers. The Company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.(source:  Google Finance)
       Currently, the annual dividend for MFC is $0.74 per share.  Since I own $0.74 per share, this adds $74.00 to my annual dividend income.  The price of the stock fell sharply as a result of the referendum in which Britian will exit the European Union.  The stock has shown recovery after the sharp drop in the share price.

       I recently wrote about an option in TD Bank, which you can read about here.  I meant to click on sell to do a naked put, or short put, to collect the option premium.  I apparently clicked buy at $0.31 per contract.  How did I discover this error.  When you short, there is a negative sign in front on the amount of contracts or shares.  I notice in my brokerage account it was positive sign.  So I sold $0.47 per contract to close the trade off.

       I then decided to sell a put option in TD, after closing the trade as decribed above.  I collected a premium of $37.05 after commissions.  The option had a expiration date of Jun 30, 2016 as this was a weekly option.  The strike price is $56.00.   At expiration, the option was assigned.  My broker charges an option assignment fee of $24.95.   The adjusted cost basis is $5587.90.  The annual dividend rate of TD shares on the Toronto Stock Exchange is $2.20 per share.  This purchase adds $220.00 to my annual dividend income.

     The HNY position,  inside my TFSA, has been sold.  This is a commission free ETF, which you can read about here.  I sold on the 27 units on June 28, 2016 at $16.29 per unit.  I purchased the units at $14.33.  The distribution of this ETF is paid monthly and it varies month to month.
   As of 1 July 2016, the value of the portfolio is  $87684.06 . This is a 0.886% decrease over last month's total.  The spreadsheet in the investment tab above has been updated.

EDIT (July 2): 
I have turned my DRIPs off for all stocks except ERF and two positions directly with the transfer agent which are BNS and ENB.  These latter two positions are shown in the investment tab spreadsheet above and they have fractional shares.  ENB paid its dividend on June 1.  So I acquired 0.159 shares at $51.698 per share. 

Disclosure: Long  all mentioned securities.


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. Thanks for sharing these updates with us. Looks like you have been busy with quite a few trades. I have been reading more about Manulife among some of the dividend bloggers recently. Looks like an interesting play and I do like the insurance game.

    1. DivHut,

      Thanks for dropping by. I have not been very active in terms of depositing money as on currently not working. I have deposited some money in the accounts the last few months but not much..

      I have sold options to collect the premium. For this month is around $170.00.

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