Wednesday, August 2, 2017

Portfolio Update - July 2017

        The month of July 2017 is now behind us.  We have seen the markets hits new all time highs a few times, usually the results of strong earnings from selective companies.

     We have seen strengthening of the Canadian dollar, equivalent of a decrease in the US dollar.  The price of a barrel of crude oil continues to channel for the most part between $45 and $50.  As a result of the low oil prices, the province of Alberta continues to struggle with its finances and it's overall economy.  Alberta is the only province in Canada that does not have a sales tax, as the GST of 5% is a federal tax. Alberta government receives royalties from the oil and gas activity, which greatly affects the government's revenue.

     As earnings are reported on a daily basis in the short term, is going to affect the markets positively or negative.

Shares Acquired Through DRIP

3 Unit of D.UN.TO @ $19.84574 for a total cost of $59.54 (Margin Account)

1 units  of CUF.UN @ $13.12431 for a total cost of $13.12 (TFSA)

1 unit of D.UN @ $19.84574 for a total cost of $19.85 (TFSA)

0.324878 shares of BNS.TO @ $77.5984 for a total cost of $25.21 (Transfer Agent)           

    I have turned off all DRIPs in my margin and TFSA accounts. They only drips turned on will be for BNS.TO and ENB.TO directly with the transfer agent.  These 2 positions are shown in the investment tab spread sheet with the color orange.

I recently wrote about Dream Office REIT after they made an announcement. They are once again, cutting their annual distribution by around 33% starting with July's distribution which will be paid on August 15.  There annual distribution will be cut from $1.50 per unit to $1.00.  So, my annual dividend income will be cut by approximately $400.00.

As of August 1,  the value of the portfolio is $104451.57. This is a 1.148%  increase over last month's total.  The spreadsheet in the investment tab above has been updated.

Note:  I do  have 2 short put option contracts currently in my portfolio as of Aug 1.

Disclosure:  Long D.UN, ENB.TO, CUF.UN, BNS.TO

Please Note:  All stocks are from the Toronto Stock Exchange except TTR which trades on the Venture Exchange.

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 NOT be 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.

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