Mr. GIC $60,000 and counting

[selkirk]

2 years over, onto year 3

2 years over, onto year 3

well two years have passed on the portfolio $50,000 April 16, 2002. Mr. GIC portfolio is designed to be a conservative portfolio ? with a return greater than 2.5% per year.

That is the rate a friend of mine received on $50,000 at his bank. The first two years he received 2.5% on a GIC, now for the final year they "gave him a bonus" for 2.75% on a one year term.

the CIX April $14 P expired worthless, will have the next update in late May.

the income trusts have had their dividends added to the portfolio for April. Rei.un, BFC.un, SMU.un, D.un

thanks
selkirk

update April 27,2004
Start date April 16, 2002 $50,000
Portfolio

Saxon small cap $5000 invested to buy 304.536 units.
$21.16X 316.68 = $6700.94

Saxon World Growth Fund 293.39X 17.19= $5043.37
BNS Dividend Fund 110.3387 X $27.23 = $3004.52

Summit Reit (smu.un) 200 shares (purchase price $14.98/yield 10%)divs=$1275
$16.48X200= $3296

TD $42.50P July 3 contracts $1.15/$1.30 $345 credit

Manulife Financial 300 shares ($45.95) divs= $308
$47.50X300=$14250

Manulife MFC July $47.50 Calls 3 contracts $.60 $180 credit

Manulife MFC Oct $47.50 Puts 2 contracts $1.50 $300 credit

400 BTE.un $12.22X400 = $4888

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $18.50X200= $3700

500 Riocan REI.un $14.91 X500 = $7455

Dundee Reit D.un divs = $219.99
400 shares X $23.15= $9260

BCE 3 P contracts May $28 ($1/$1.10) $300 credit

CIBC $69X 200 shares =$ 13,800

CIBC 2 July $72.50 calls $1.10/$1.35 $220 credit

SLF July $34 P 3 contracts
TLM Sept $75 P 1 contract $1.90

cash = $3036.28

Total portfolio value= $74434.11

 

[selkirk]

just a quick update rolled out to August the BCE p, well bought back the May at $1.25 ($1.15/$1.25) and wrote two P August $28 $1.70 ($1.70/$1.80).

BCE came out with earnings which were decent, however they still failed to raise the dividend. wise mangment?? anyways stock sold off and is at $26.80. The trade will still work out.....

after the trade -$35 which was taken out of cash. decided to only be on the hook for 200 BCE instead of 300. downside on the stock short term is $25.

rest of the options look good.

thanks
selkirk

update May 11,2004
Start date April 16, 2002 $50,000
Portfolio

Saxon small cap $5000 invested to buy 304.536 units.
$21.16X 316.68 = $6700.94

Saxon World Growth Fund 293.39X 17.19= $5043.37
BNS Dividend Fund 110.3387 X $27.23 = $3004.52

Summit Reit (smu.un) 200 shares (purchase price $14.98/yield 10%)divs=$1275
$16.48X200= $3296

TD $42.50P July 3 contracts $1.15/$1.30 $345 credit

Manulife Financial 300 shares ($45.95) divs= $308
$47.50X300=$14250

Manulife MFC July $47.50 Calls 3 contracts $.60 $180 credit

Manulife MFC Oct $47.50 Puts 2 contracts $1.50 $300 credit

400 BTE.un $12.22X400 = $4888

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $18.50X200= $3700

500 Riocan REI.un $14.91 X500 = $7455

Dundee Reit D.un divs = $219.99
400 shares X $23.15= $9260

BCE 2 P contracts August $28 ($1.70/$1.80)

CIBC $69X 200 shares =$ 13,800

CIBC 2 July $72.50 calls $1.10/$1.35 $220 credit

SLF July $34 P 3 contracts
TLM Sept $75 P 1 contract $1.90

cash = $3001.28

Total portfolio value= $74434.11

 

[selkirk]

Mr. GIC update

will write 2 P Oct $30FL (falconbridge) for $1.90 ($1.90/$2.10) as always take the lowest price.

money to be added to cash.

have played a few of these recently October puts and covered calls near the money. FL is trading below $32 cdn.

thanks
selkirk

 

[DOGS THAT BARK]

Quite interesting Kirk--and thanks for link to CKISF. Was interesting to see their aquisition of Cambridge Water PLC
Was looking for some way in to water treatment area in China and might have found it via backdoor.