Retirement Portfolio | Retirement Investment | RRSP INDEX

Added by Fred Harrison on February 18, 2012.
Saved under Investment Portfolio

Retirement Portfolio building can begin at any age. I started my retirement investment or RRSP as my fellow Canadians refer to it, quite a few years ago. My plan it to build up a significant amount of dividend and covered call income in my retirement portfolio for when I retire.

Retirement portfolio building takes years and at the start I used a financial services firm which basically took a annual administration fee and left me with some stunning losses. Overall when I started I had about $200,000.00 in stocks. When I ended my relationship with them, they had lost about $50,000 of my retirement portfolio and I had paid them considerable amounts in admin fees.

I decided to go to cash because it was so difficult to get everything moved to a discount brokerage. My bonds and GICS were easy to move but they made it tough for me to move my stocks. They were so badly beaten up I decided to just turn them into cash and get away from the financial planners for good. Now I am responsible for my own retirement portfolio and so far I am loving it.

On this page I will keep up to date my retirement portfolio and how well it is performing.

This is my present retirement portfolio or retirement investment account. Again, in Canada it is referred to as RRSP.

RETIREMENT PORTFOLIO (RRSP) SUMMARY

Starting Capital on Oct 30 2008 – $150,000
Cash Available Nov 3 2011: $54,314.47
Earnings To Date: $26,294.43
Investments:
Bonds – $0.00
GICs (Bank Certificates): $56,300.00
Stocks: $65,679.96

RETIREMENT PORTFOLIO – RETIREMENT INVESTMENT – RRSP – 2011

RETIREMENT PORTFOLIO BONDS: – Presently no bonds are held.

Oct 30 2008 bought $100,000.00 – earning 2.8% annual – sold Oct 4 2011
These bonds are made up of Government of Canada 10 years bonds and province of Ontario and Province of BC Bonds.
Sold All Bonds Oct 4 2011 -
Gain on Bonds 15,315.00 including interest and capital gain on sale of bonds.

RETIREMENT PORTFOLIO GICS or BANK CERTIFICATES

Reference 10/2008
GIC PURCHASED OCT 30 2008 – $50,000.00 - 5 years 4.2%

These are bank GICS paying 4.2% that I bought in October 2008. They are 5 year GICs. GIC means guaranteed investment certificate meaning that the principal is guaranteed against default. For my American readers, these are the same as Bank Certificates.

Below are the annual interest payments I am receiving. Upon receipt I reinvest each payment back into another 5 year GIC:
Income Earned October 2009 – $2100.00 – Capital reinvested in 5 year GIC reference 10/2009 see below
Income Earned October 2010 - $2100.00 – Capital reinvested in 5 year GIC reference 11/2010 see below
Income Earned October 2011 - $2100.00 – Capital reinvested in 5 year GIC reference 10/2011 see below

Reference 10/2009
GIC PURCHASED OCT 30 2009 – $2100.00 – 5 Years 3.15%
Income earned Oct 30 2010 – $66.15
Income earned Oct 30 2011 – $66.15

Reference 11/2010
GIC PURCHASED NOV 1 2010 – $2100 – 5 Years 2.85%
Income earned Nov 1 2011 – $59.85

Reference 10/2011
GIC PURCHASED Oct 31 2011 – $2100 – 5 Years 2.95%

RETIREMENT PORTFOLIO STOCKS: – To View Trades Select The Security Name

STOCKS (all figures include commissions from TD Waterhouse)

ROYAL BANK STOCK (RY Stock)
Commenced Sept 23 2011 – Bought 500 shares at $45.70 – Total Capital Committed = $22859.99
Sept 23 2011 – Sold 5 Covered Calls Jan 2012 $50 for $1.25 – $608.76
Oct 24 2011 – Dividend 500 shares X .54 = $270.00
Jan 20 2011 – Stock exercised at $50.00 = $24957.00
Total Royal Bank Stock Profit – $2975.77
Return: 13%
Trade Ended

BANK OF NOVA SCOTIA (BNS Stock)
Commenced Oct 5 2011 – Bought 500 shares at $49.70 – Total Capital Committed = $24,859.99
Profit To Date: $2605.04
Return To Date: 10.47%

Oct 5 2011 – Earned from Covered Calls – $2.13 X 500 = $1048.76
Dec 29 2011 – Dividend 500 shares X .52 = $260.00
Jan 20 2012 – Stock closed at $54.01 – Bought back Jan $54 covered call for .05 – Total Cost – $41.24
Jan 20 2012 – Sold 5 Covered Calls Feb $54 for .85 – Total Income = $408.76
Feb 17 2012 – Stock closed at $53.57 – Feb $54 covered calls expired
Feb 17 2012 – Sold 5 Covered Calls July $54 for 1.89 – Total Income = $928.76

SUN LIFE STOCK (SLF Stock)
Commenced Oct 18 2011 – Bought 500 shares at $23.78 – Sold 5 Covered Calls April 2012 $20.00 – Total Capital Committed = $11,899.99
Oct 18 2011 – Earned from Covered Calls – $4.95 X 500 – $2458.76
Nov 21 2011 – Dividend 500 shares X .36 = $180.00

BELL CANADA STOCK (BCE Stock)
Commenced Oct 24 2011 – Bought 100 shares at $39.00 - Total Capital Committed = $3909.99
Earned To Date: $210.51
Return To Date: 5.3%

Dividend earned – Dec 13 2011 100 X .5175 = $51.75
Dec 30 2011 – Sold 1 Bell Canada Stock Feb $41 Covered Call for $1.70 = $158.76

RETIREMENT PORTFOLIO ETFS:

ZWB BMO Covered Call ETF – TOTAL CAPITAL – $12984.99
Average Share Value – 12.98
Profit To Date: $2019.00
Return: 15.5%

Oct 4 2011- ETF commenced:
Bought 1000 shares at $13.15 – Total Capital Committed = $13,159.99

Nov 25 2011 – ETF Shares Added
Bought 1000 shares at $12.80 – Total Capital Committed = $12809.99

Jan 24 2012 – Shares Sold
Sold 1000 Shares at $14.50 – Total Capital Returned – $14,490.01
Profit On Sale Of Shares = $1520.00

Oct 26 2011 – ZWB BMO Covered Call ETF Dividend Received 1000 shares X .101 = $101.00
Nov 25 2011 – ZWB BMO Covered Call ETF Dividend Received 1000 shares X .101 = $101.00
Dec 23 2011 - ZWB BMO Covered Call ETF Dividend Received 2000 shares X .101 = $202.00
Jan 25 2011 – ZWB BMO Covered Call ETF Dividend Received 1000 shares X .095 = $ 95.00