Sunday, December 3, 2017

Portfolio Update: Nov 2017

  The month of November is now behind us.  The price of oil trading marches above $55 per barrel during the last month.

    I purchased 300 shares of Enbridge (ENB.TO) at $44.10 per share for a total cost of $13234.95 including commissions.  This purchase was made in my margin account. I did not have the entire amount in cash, so a little margin was used. At time of purchase, the dividend was $2.44 per share  per year. Since the time of purchase, the dividend was increased 10% starting with the March 1 2018 payment date.

    I previously send in a couple checks to purchase shares in ENB directly with the transfer agent.  For investing with the transfer agent for this particular stock the purchases actual happen on the same date as the dividend payment date.  There is no commission.  The downside of purchasing shares this way is that you have no say in the purchase price of your shares.  On Dec 1 2017, I purchased  5.743 shares of ENB at $47.58 per share for a total cost of $273.26.

   I sold 1 put contract in Canadian National Railway (CNR.TO) at $96 and a Dec 15 2017.  The net premium received was $64.05. For disclosure, I own 38 shares of CNR.TO inside my tfsa.

Shares Purchased Via DRIP

0.249 shares of  ENB.TO @ $46.63 for a total cost of $11.62.

As of  Dec 2 2017,  the value of the portfolio is $111617.12. This is a 2.87% increase over last month's total.  The spreadsheet in the investment tab above has been updated.

Disclosure:  Long CNR,ENB

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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