I have been doing some reading recently on the concept of Covered Calls as a way to generate income from your portfolio. To describe what this is, I cannot do any better than Investopedia.com has: An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset in an attempt to generate increased income from the asset. This is often employed when an investor has a short-term neutral view on the asset and for this reason hold the …
Where to Get Financial Data
When analyzing a stock there is a ton of research available on the web that can really help. Last night I went through all the sites that I have used in the past and have listed some of them here. Keep in mind that there are a few sites that provide the same data - I use these different sites to try to verify the data that the web sites present. I have found inconsistent data in the past and seeing this has allowed me to dig a little further to get the real data. Some of the sites I have …
Some Recent Transactions
My dividend paying stocks have been chugging along lately and I have been automatically reinvesting these dividends in more shares, My broker, CSA, takes care of this for me. For the month of October and to-date in November, I have received the following dividends or payments and completed the subsequent reinvestments into more shares: Company Dividends Shares Reinvested Coca-Cola Company $10.61 0.2185 shares General Electric $10.09 TBD Wal-Mart …
International Equities – Asset Allocation
As I have talked about many times before on this blog, I try to structure my investments so that I am diversified across US, Canadian, and International equities. The purpose of doing this is to ensure that I remain exposed to different markets across the world as theoretically, some markets will be heading up while others will be heading down. That is the theory anyway. In recent years, it seems that these markets as a whole have been moving up and down in step. I am not sure what to make …
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Slaughter in the Canadian Markets
You can't have an investing blog in Canada and not write about the blow up that occurred today in our markets as a result of the income trust policy change the federal government enacted. In essence, they have change the tax rules on trusts and the ability to reduce the amount of tax a corporation by converting to a trust. To sum up: Income trust investors suffered more than $20-billion in paper losses on their portfolios as some of Canada's best-known companies — from telecom giants BCE …
