Wednesday, 5 February 2014

Welcome Chevron

I've been on the hunt for CVX shares for about 3 weeks now.

I had a limit order expire on me at the end of the 2nd week of January (20@$117.40). And yesterday, my limit order 20@$110.50 didn't go through even though the share price briefly dropped to $110.49. This happened to me on a previous occasion and was told by my broker that limit orders are queued and executed in sequence. I guess they didn't get around to mine.

Anyway, no big deal as today I picked up 25@$109.80 ($109.40 + commission of $9.95), 6.8% less than my original limit order.

CVX is held in my TFSA (Tax Free Savings Account), so the US government will be keeping 15% of my dividend. The bonus is no tax, ever! No tax on capital gains, no tax on dividends, period.

CVX will add $85 (85% of $100) to my forward 12-month dividends, which now stand at $5,909.50.

Although subject to change, I made a buy list to guide me in this market downturn. It helps limit my procrastination.

BAX $62-$63
BP $40
CVX $114
ESV $47-$48
HCP $36
TGT $55
OXY $81
PM $74-$75
UL $35-$36

1 comment:

  1. happened to me on a previous occasion and was told by my broker that limit orders are queued and executed in sequence.

    invest in stocks

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