In Canada when you turn 71 you must collapse your RRSP (retirement portfolio) and roll it into another type of retirement plan to begin withdrawing capital from the RRSP. I no longer have an RRSP but I have created this one as a model portfolio to show readers how I did approach investing for retirement. In my retirement portfolio almost all stocks I picked were for long term gains. Therefore this portfolio is comprised of dividend paying stocks and covered calls. I never believe in buy and hold but do believe in buying and selling covered calls to augment the capital appreciation and dividends being paid to me. This model retirement portfolio then was started Jan 3 2012 and I will update it continually with example trades throughout the year. I have started with just $300,000.00 in order to assist readers who may not have a large retirement portfolio and are looking for ideas on how to grow their portfolio. For readers who have large portfolios, the strategies I am using can be employed against a a variety of positions, small or large and I will endeavor to explain different steps I would have taken in larger positions or with larger sums.
Model Retirement Portfolio For 2012Canada RRSP Portfolio Retirement Portfolio Goal for 2012: 12% |
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| Date | Stock At Time Of Trade |
Retirement Portfolio (RRSP) Action Taken (All Amounts Are In Either US or Can dollars and are marked as such) ACTIVE TRADES ARE HIGHLIGHTED |
Comm. | Capital At Risk |
Capital Returned |
Gain/Loss | Total Income |
| CANADIAN STOCKS ARE BELOW – CURRENCY CAN$ on Toronto Stock Exchange USA STOCKS ARE BELOW CANADIAN STOCKS |
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| Jan 3 2012 | 52.20 | Bought 500 shares Royal Bank Stock (Symbol RY) Status: All 500 shares have covered calls |
7.00 | 26107.00 | |||
| Jan 3 2012 | 11.20 | Bought 500 shares Manulife Stock (Symbol MFC) Status: All 500 shares have covered calls |
7.00 | 5607.00 | |||
| Jan 3 2012 | 14.03 | Bought 1500 shares ZWB BMO Covered Call Canadian Banks ETF Status: No covered calls being used |
7.00 | 21052.00 | |||
| Jan 3 3012 | 42.19 | Bought 500 shares Bell Stock (Symbol BCE) Status: All 500 shares have covered calls |
7.00 | 21102.00 | |||
| Jan 3 2012 | 57.04 | Bought 500 shares BMO Stock (Symbol BMO) Bank Of Montreal Stock Status: All 500 shares have covered calls |
7.00 | 28527.00 | |||
| Jan 3 2012 | 76.58 | Bought 500 shares TD Stock (Symbol TD) TD Canada Trust Status: All 500 shares have covered calls |
7.00 | 38297.00 | |||
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| Jan 13 2012 | 42.40 | Sold 5 covered calls Bell Stock (BCE) 18MAY12 $43 for .81 Status: Covered Calls Expired |
13.25 | 391.75 | 391.75 | ||
| Jan 24 2012 | 79.30 | Sold 3 Covered Calls TD Stock 21JUL12 $86 for .95 | 10.75 | 274.25 | 666.00 | ||
| Jan 24 2012 | 53.50 | Sold 3 Covered Calls Royal Bank Stock 21JUL12 $56 for $1.37 | 10.75 | 400.25 | 1066.25 | ||
| Jan 24 2012 | 53.50 | Sold 2 Covered Calls Royal Bank Stock 19JAN13 $58 for $1.80 | 9.50 | 350.50 | 1416.75 | ||
| Jan 24 2012 | 53.79 | Dividend Royal Bank Stock 500 X .54 | 270.00 | 1686.75 | |||
| Jan 24 2012 | 12.71 | Sold 5 covered calls Manulife Stock 19JAN13 $16 for .46 | 13.25 | 216.75 | 1903.50 | ||
| Jan 26 2012 | 14.10 | ZWB BMO Covered Call Canadian Banks ETF Dividend 1500 X .095 | 142.50 | 2046.00 | |||
| Jan 30 2012 | 58.18 | BMO Stock Dividend 500 X .70 | 350.00 | 2396.00 | |||
| Feb 17 2012 | 12.64 | Manulife Stock Dividend 500 X .13 | 65.00 | 2461.00 | |||
| Feb 24 2012 | 14.26 | ZWB BMO Covered Call Canadian Banks ETF Dividend 1500 X .085 | 127.50 | 2588.50 | |||
| Mar 7 2012 | 56.70 | Bought 400 shares BMO Stock – Bank Of Montreal Stock | 7.00 | 22687.00 | |||
| Mar 7 2012 | 52.35 | Bought 500 shares BNS Stock – Bank of Nova Scotia Stock | 7.00 | 26182.00 | |||
| Mar 13 2012 | 40.80 | Bell Stock (BCE) Dividend 500 X .5425 | 271.25 | 2859.75 | |||
| Mar 20 2012 | $59.00 | Sold 3 Covered Calls BMO Stock – Bank Of Montreal Stock 20OCT12 $60 for $1.82 | 10.75 | 535.25 | 3395.00 | ||
| Mar 20 2012 | $59.00 | Sold 3 Covered Calls BMO Stock – Bank Of Montreal Stock 20OCT12 $58 for $2.85 | 10.75 | 844.25 | 4239.25 | ||
| Mar 20 2012 | $59.00 | Sold 3 Covered Calls BMO Stock – Bank Of Montreal Stock 19JAN13 $62 for $1.50 | 10.75 | 439.25 | 4678.50 | ||
| Mar 20 2012 | 55.70 | Sold 5 Covered Calls BNS Stock – Bank of Nova Scotia Stock 21APR12 $55 for $1.05 | 13.25 | 511.75 | 5190.25 | ||
| Mar 23 2012 | $84.40 | Sold 2 Covered Calls TD Stock 20OCT12 86 for $2.52 | 9.50 | 494.50 | 5684.75 | ||
| Mar 27 2012 | 14.73 | ZWB BMO Covered Call Canadian Banks ETF Dividend 1500 X .085 | 127.50 | 5812.25 | |||
| Mar 29 2012 | 31.75 | Bought 2000 shares FTS STOCK (Fortis Energy) | 7.00 | 63507.00 | |||
| Mar 30 2012 | 55.88 | BNS STOCK Dividend 500 Shares X .55 | 275.00 | 6087.25 | |||
| Apr 2 2012 | 84.52 | TD STOCK Dividend 500 shares X .72 | 375.00 | 6462.25 | |||
| Apr 3 2012 | 32.30 | Sold 2000 shares FTS STOCK (Fortis Energy) | 7.00 | 64593.00 | 1086.00 | 7548.25 | |
| Apr 9 2012 | 31.95 | Bought 2000 shares FTS STOCK (Fortis Energy) | 7.00 | 63907.00 | |||
| Apr 10 2012 | 54.10 | Bought 1000 shares BNS STOCK | 7.00 | 54107.00 | |||
| Apr 10 2012 | 39.45 | Bought 1000 shares BELL STOCK (BCE) | 7.00 | 39457.00 | |||
| Apr 11 2012 | 40.00 | Sold 1000 shares BELL STOCK (BCE) | 7.00 | 39993.00 | 536.00 | 8084.25 | |
| Apr 12 2012 | 55.25 | Sold 1000 shares BNS STOCK | 7.00 | 55243.00 | 1136.00 | 9220.25 | |
| Apr 16 2012 | 32.55 | Sold 2000 shares FTS STOCK (Fortis Energy) | 7.00 | 65093.00 | 1186.00 | 10406.25 | |
| USA STOCKS ARE BELOW – CURRENCY US$ | |||||||
| Jan 3 2012 | 26.50 | Bought 500 shares Microsoft Stock (Symbol MSFT) | 7.00 | 13257.00 | |||
| Jan 3 2012 | 58.57 | Bought 500 shares YUM Stock (Symbol YUM) | 7.00 | 29292.00 | |||
| Jan 11 2012 | 60.92 | Yum Stock Dividend 500 X .285 | 142.50 | 10548.75 | |||
| Feb 14 2012 | 37.44 | Bought 1000 shares RCI Stock – Rogers Communications Stock | 7.00 | 37447.00 | |||
| Feb 14 2012 | 30.25 | Microsoft Stock Dividend 500 X .20 | 100.00 | 10648.75 | |||
| Feb 15 2012 | 38.05 | Sold 1000 shares of RCI Stock – Rogers Communications Stock | 7.00 | 38043.00 | 596.00 | 11244.75 | |
| Mar 7 2012 | 62.35 | Bought 500 shares PEPSICO STOCK (PEP) | 7.00 | 31182.00 | |||
| Mar 22 2012 | 31.85 | Microsoft Stock Sold 5 Covered Calls 19MAY12 $33 for .47 Select this link to read why I sold Microsoft Stock covered calls now. Status: Bought to close May 8 for .07 cents |
13.25 | 221.75 | 11466.50 | ||
| Mar 22 2012 | 71.00 | Yum Stock Sold 500 shares at $71.00 Select this link to read why I sold my YUM Stock today. |
7.00 | 35493.00 | 6201.00 | 17667.50 | |
| Apr 3 2012 | 66.60 | Sold 500 shares PEPSICO STOCK (PEP) | 7.00 | 33243.00 | 2061.00 | 19728.50 | |
| Apr 13 2012 | 63.60 | Bought 500 shares Johnson and Johnson Stock (JNJ) | 7.00 | 31807.00 | |||
| Apr 13 2012 | 63.60 | Sold 5 Covered Calls Johnson and Johnson Stock 21JUL12 $62.50 for $2.27 | 13.25 | 1121.75 | 20850.25 | ||
| May 8 12 | 30.22 | Bought to close 5 Covered Calls Microsoft Stock 19MAY12 $33 for .07 | 13.25 | (-48.25) | 20802.00 | ||
| May 14 12 | 30.90 | Sold 5 Covered Calls Microsoft Stock 16JUN12 $29 for $2.35 | 13.25 | 1161.75 | 21963.75 | ||
| May 15 12 | 30.21 | Microsoft Dividend 500 shares X .20 | 100.00 | 22063.75 | |||
| May 21 12 | 67.33 | Bought 500 shares YUM STOCK at $67.33 | 7.00 | 33672.00 | |||
| May 24 12 | 63.10 | Johnson and Johnson Stock Diviidend 500 shares X .61 | 305.00 | 22368.75 | |||
| May 30 12 | 70.55 | Sold 500 Shares YUM STOCK at $70.55 | 7.00 | 35268.00 | 1596.00 | 23964.75 | |