Following my post of yesterday, I decided to invest in a few shares of Suncor Energy Inc. (SU) inside my TFSA portfolio. For my non-registered portfolio, I didn't go with Sun Life Financial Inc. (SLF). Instead, I invested in some Power Corporation of Canada Subordinate Voting Shares (POW) shares. Despite the hard times we are living in right now, POW recently declared a dividend increased, more exactly a 10.5% increase to its quarterly dividend. I decided to invest in both POW and SU as a little Easter gift, especially since I am stuck here in Montreal and won't be able to visit New Brunswick.
My non-registered portfolio closed today session at $93,859.64, my TFSA portfolio at $72,976.16 and my RRSP portfolio closed today session at $41,547.11. Today was quite exciting for the TSX. At a point, we were in the 14 000 points!!!
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1 comment:
hi Sunny,
been following your blog for a while now and I am glad you are surviving current market conditions.
Can I suggest selling cover calls for the positions that you are currently holding in order to harvest additional premium?
Do you believe this will be a V-shape recovery? If 'yes' selling cover calls does not make sense, but if you think markets will be in the mud for a while, selling cover calls can produce some $$$.
Also you have a lot of the accounts, there are specific ways to hold & trade in margin accounts vs. RRSP
Feel free to follow my blog --> https://www.forwardtrader.com/core-concepts/
Bogdan
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