Sunday, April 1, 2018

Portfolio Update - March 2018

 The month of March is now behind us. The markets were wild during the month.  I wish I had money available to invest, but I have a low cash position.  
  I currently have a WestJet Airlines (WJA.TO) short put with a strike price of $23 and expiration date of April 20 2018.  I sold two put contracts in WJA.TO, which you can read about here.

  I did not have any other trades beside the short put option in WJA.TO.  I have a limit order in to start a new position in my TFSA. I want the price to fall some in order to initiate my position, which is a position I have never owned or traded before.
   Cominar REIT (CUF.UN.TO)  announces they are decreasing their annual distribution from $1.14 to $0.72.  Previously, CUF.UN.TO reduced their annual distribution from $1.47 to $1.14 per unit, which represents a decrease of 22.44%. This previous decrease started with the August 2017 distribution which was paid out on mid October 2017.  From last August to April 2018, the distribution was reduced by 51.02%.

   Currently, I am dripping CUF.UN.TO to lower cost basis.  As of the current price, the amount of monthly distributions will not be enough to purchase a unit in CUF.UN.TO.  I will continue to hold CUF.UN.TO, but I am skeptical on the possible growth of the REIT in the near term. .

Shares Purchased Via DRIP

1 unit of  CUF.UN.TO @ $13.22285 for a total cost of $13.22 (TFSA)

As of  April 1 2018, the value of the portfolio is $106285.01.  This is a 1.111% increase  over last month's total.  The spreadsheet he investment tab above has been updated.

Disclosure:  Long CUF.UN,

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.


  1. Dam sorry to hear about the cut. That sucks. Good to hear your portfolio has went up 1% in a month though.

    1. Passivecanadian,

      Thanks for dropping by. A cut in REIT distribution hits hard for sure. DREAM REIT and Cominar REIT have cut their distribution multiple times since owning them. The positive of DREAM REIT is that the unit price is up near $23 per share. I am still in the red but by a lot less than before.

      Killam Properties REIT has been a great investment for me.