Recently I made purchase for a long time hold in my investment account. I was not going to make a purchase as I was planning on building up my cash in my account.
The valuations of most companies in Canada are high right now making it difficult to find value. One of the sectors that has been hard hit is REITs. This is due to the concern over interest rates. I didn't add to my positions in the REITs as a big percentage of my stock portfolio is already in REITs and a real estate corporation.
I averaged down my position of Emera (EMA.TO) as Emera was trading near a 52 week low. I purchased 49 shares @29.40 for a total of 1445.72 with commissions. The yield on this purchase is 4.745%. This purchased added $68.60 to my annual dividend income. Emera has increased there dividend yearly since 2007.
Cost = 1445.72
Cash= 775.56
Borrowed Money (6 %) = 670.16 on margin
Emera Inc. is an energy and services company with over 8 billion in assets and 2012 revenues of 2.1 billion. The company is involved in electricity transmission and generation, transmission and distribution along with gas transmission and utility energy services. They are mostly in the north east of United States and eastern Canada. Emera also has operations in the Caribbean. - Emera Investor Relations.
A large percentage of Emera's business is from Nova Scotia Power. Nova Scotia Power is the only company in Nova Scotia, which has a population of near 1 million, to deliver power to consumers. The wind mills there are owned by Nova Scotia Power or companies that supply the power to NS Power.
I believe Emera will continue to grow and make Nova Scotia Power a smaller percentage of their over all business matters.
I will update my portolio in early October.
Disclosure Long EMA.TO
DISCLAIMER:
Wednesday, September 4, 2013
Portfolio Update
Another month has come and gone and time to an update of my portfolio. In doing so, I notice I had a few mistakes.
These mistakes were Bank of Nova Scotia dividend rate ( which also increased its dividend ) and the amount of shares I own of Killam Properties in may margin account (indicated by the non -green lines ).
The additions to the portfolio as of this date is 2 shares of Enerplus and 6 shares of Just Energy I received via DRIP. There is a error in my brokerage account with this reinvestment of Just Energy. It states I received 6 shares @6.45 for an investment amount of 36.75. So either the 6.45 is wrong or the 36.75 is. I contacted my broker and they will review this case and get back to me within a couple of days LOL.. Right now I am going to assuming the 6.45 and my cost basis will be then 38.70.
I think going forward I will wait to the DRIPS for the month are complete. I will update my spreadsheet to reflect the 6 shares.
Hope your portfolio is doing well.
DISCLAIMER:
These mistakes were Bank of Nova Scotia dividend rate ( which also increased its dividend ) and the amount of shares I own of Killam Properties in may margin account (indicated by the non -green lines ).
The additions to the portfolio as of this date is 2 shares of Enerplus and 6 shares of Just Energy I received via DRIP. There is a error in my brokerage account with this reinvestment of Just Energy. It states I received 6 shares @6.45 for an investment amount of 36.75. So either the 6.45 is wrong or the 36.75 is. I contacted my broker and they will review this case and get back to me within a couple of days LOL.. Right now I am going to assuming the 6.45 and my cost basis will be then 38.70.
I think going forward I will wait to the DRIPS for the month are complete. I will update my spreadsheet to reflect the 6 shares.
Hope your portfolio is doing well.
DISCLAIMER:
Sunday, September 1, 2013
Dividend Income for Aug 2013
August 2013 has come and gone. During the month, passive income through dividends having been paid to me.
The total for this month is $182.84.
Not included in this amount is a distribution payment from Dundee REIT in my margin account. This is a trade and all income will stay in this account to help grow the cash in this account to be used for investing or transferred to the TFSA for the same purpose. As this a trade, I am treating it different. Currently, I take 30% of all my income from job, investing and interest from savings and pay myself first . If money is left over at the end of the month, then I put this amount into my investing account.
Currently, the income received from Dundee REIT in the margin account is $91.47 after 3 months. As indicated in the above paragraph this entire money is staying in the account or be transferred to the TFSA account.
I will update my dividend tab with the above total.
DISCLAIMER:
The total for this month is $182.84.
Not included in this amount is a distribution payment from Dundee REIT in my margin account. This is a trade and all income will stay in this account to help grow the cash in this account to be used for investing or transferred to the TFSA for the same purpose. As this a trade, I am treating it different. Currently, I take 30% of all my income from job, investing and interest from savings and pay myself first . If money is left over at the end of the month, then I put this amount into my investing account.
Currently, the income received from Dundee REIT in the margin account is $91.47 after 3 months. As indicated in the above paragraph this entire money is staying in the account or be transferred to the TFSA account.
I will update my dividend tab with the above total.
DISCLAIMER:
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