Social Icons

Monday, September 28, 2009

Because it's all about dividend

I just calculate my annual dividend income again, just to make sure that the effort worth it… This weekend, I got very bored with the overtime. I begin my day of work at 12pm today and left at 7:30pm. I couldn’t take it any longer. I didn’t reach my overtime hours goal yet, but I am pretty sure there will be some overtime available for this week. Calls are coming like crazy, but most of them are very short calls, less than 5 minutes. After working a straight 7 days this week, I have enough. I have enough of working and taking calls, as short they can be. And how about just yes or no calls? Wouldn’t be fun?

When talking a whole bunch of sh*t lol, I am thinking of those debts I will soon be paying off and it help me to keep going on. Sometimes, life is difficult like that. I just cannot wait to clear my RBC Visa card and all the little amounts I own here and there. I promise, never again I will pay my income taxes using credit card balance transfer, even at a low interest rate lol. And never again, I will have debts on my credit cards, except for my usual expenses. I barely ever have cash on me. I pay everything using my credit cards. This is actually helping me to build a great credit score. My credit cards are making me feel powerful and I like that, to have the feeling that I can pay whatever I want using one of my credit card. But of course, it’s just a feeling. I am not shopaholic and doesn’t spend that much. I don’t have expenses tastes and I am not wearing jewelry, expect plastic ones. I like what’s cheap and affordable.

So yes, I calculate my annual dividend income. And to my surprise, I am now at a 2 073.53$ annual dividend income. Its goes like this:

Bank of Nova Scotia (BNS): 201.88$
Fortis (FTS): 107.12$
Just Energy Income Fund (JE.UN): 286.62$
Methanex Corporation (MX): 70.56$
Pembina Pipeline Income Fund (PIF.UN): 157.56$
Pengrowth Energy Trust (PGF.UN): 780$
Sprott Inc. (SII): 50.30$
Yellow Pages Income Fund (YLO.UN): 323.20$

We can possibly add an extra 100$ for the power of the DRIP. We are possibly talking here of an annual dividend income of 2 173.53$. That’s nice. I had multiple problems with this huge investments portfolio of mine. Some could think my portfolio is too diversified. But from my point of view, a portfolio cannot be too diversified. There’s not too much diversification when talking about investment. For me, diversification is a way to reduce the risk. It’s been one of my dada since I begin to invest, back in 2005. From GIC to mutual funds to stocks and units and dividend, the step had been major for the My first 50 000$ girl so some forgiveness are require for the too important amount of money that had been invested in GIC and mutual funds. But they are not mistakes; they were a desperate way to reach what can only be reach through stocks and units investment.

No comments:

 

Thank you

Thank you for visiting!
 
Blogger Templates