The month of January is now behind us. The markets keep marching to new highs but huge drop the last day. The price of WTI Crude Oil is currently trading around $65 per barrel. The cuts in production by OPEC and the cold weather that gripped most of North America for most of the month, have decreased the supply somewhat. When it is colder, people have to use more natural gas to heat their homes and buildings.
My covered call in QSR.TO expired on Jan 19 2018. So, what did I do? I sold another covered call in QSR.TO at $78 and a Feb 16 2018 expiration. The net premium collected was $94.05. So in 2 months I collected a total of $153.10 in option premiums. Selling covered calls increases your capital gains, reduces capital losses and is another way to collecting income from a position.
Canadian National Railway (CNR.TO) announced a 10.3% increase to its dividend. A 10.3% increase beats the rate of inflation. You can read about this post here.
Shares Purchased Via DRIP
0.344979 of BNS.TO @ $81.5702 for a total cost of $28.14 (Transfer agent)
Cominar REIT (CUF.UN.TO) , was is dripped, did not a distribution in January as it pays a distribution twice in December.
As of Feb 3 2018, the value of the portfolio is $105525.23 This is a 4.74% decrease over last month's total. The spreadsheet he investment tab above has been updated.
On February 1 2018, I decided to increase the percent of paying myself first to 37% from the previous amount of 21%. I paid myself 37% a few years ago.
On February 1 2018, I decided to increase the percent of paying myself first to 37% from the previous amount of 21%. I paid myself 37% a few years ago.
Disclosure: Long CUF.UN, QSR.TO, CNR.TO
Please Note: All stocks are from the Toronto Stock Exchange except TTR which trades on the Venture Exchange.
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DISCLAIMER
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.
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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