Dividend Income for Sept 2013

September 2013 has come and gone. During the month, passive income through dividends having been paid to me.
The total for this month is  $177.56. THis is  a slight increase from 3 months ago. This increase in dividend income is due to dripping a few companies.

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 $147.47 after 4 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:

     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

Portfolio Update

Another month has come and gone and time to an update of my portfolio.

With the markets going higher and higher, I am holding off on making any major investment buys.  Therefore I decide to not make any investments at all besides the ones that are automatically through DRIP. Towards the end of the month, I bought 1 Dec 21 2013 62.5 Put option at a total cost of $60.95.

I also DRIP a few stocks and acquired a few more shares though this avenue.
   - 6 shares of Just Energy (JE.TO) @ $7.39
    - 2 shares of Enerplus (ERF.TO) @ $17.92
    - 0.082494 shares of Bank of Nova Scotia @$61.22

The value of the portfolio bounces around, but the income that the portfolio generates is steady and will increase over time. The income from my portfolio, will be used to help escape the rat race.


I have updated my investment tab spread sheet.


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

Recent Trade

When the markets at an all time I, I decided to make a very small purchase due to not having a lot a cash.  On Oct 29th, I bought  Bank of Nova Scotia Dec 21 2013 62.50 Put Option at a cost of 60.95 including commissions. If the price of the stock goes down then the value of the Put option goes up.

I have 3 options when it comes this trade.
  (1) If the market goes up, I can do nothing and let the option expire worthless. My loss would be my overall purchase price of the option
(2) I can exercise the option, which mean I get to purchase the 100 shares at 62.50 of Bank of Nova Scotia.
(3) I can Sell to Close my option to another trader or investor.

The closer I am to the expiration day the effect of the market will have less and less  effect of the price of the option.  I am not an investment professional, so I won't go into detail about why happens.

Buying an option, whether a call option of put option, allows an investor or trader to control 100 shares of a company  for very little money.

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