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Friday, December 18, 2009

Special dividend from Just Energy Income Fund: get more from your investment

Ok, just before starting talking about dividend, I have to make my special announcement: my stocks and units investment portfolio is currently (12:26PM) at 35 031.79$! This represent an increase of 1 133.79$ compare to December 5th. On December 5th, the value of my stocks and units investment portfolio was of 33 898$. This is very great and jus now, knowing that my portfolio had increased of more than 1 000$ within 2 weeks make me feel awesome lol.

Just Energy Income Fund declare a 20 cents special dividend

And not a 0.1333 one! So this is even better. I don’t know where I got the 0.1333 special dividends from. I may have read the news release too quickly. I currently hold 411 units of that extra fabulous Just Energy Income Fund (JE.UN). Which mean that I should received 82.20$ in special dividend from Just Energy Income Fund! Isn’t great?

I am currently off this afternoon of my day time, but I work at my evening job and I have off Monday! So it’s making myself kind of a small vacation from work. I quite enjoy having free time once in a while. The weekends are always so short.

With this great news regarding Just Energy Income Fund, I really wanted to calculate my annual dividend earnings… One more time!

My future food and money provider:

Sprott Inc. (SII): 505 x 0.10$ = 50.50$
Bank of Nova Scotia (BNS): 104 x 1.96$ = 203.84$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 104 x 1.04$ = 108.16$
Pembina Pipeline Income Fund (PIF.UN): 407 x 1.56$ = 634.92$
Just Energy Income Fund (JE.UN): 411 x 1.24$
+ 82.20$ of the 2009 special dividend = 591.84$
Yellow Pages Income Fund (YLO.UN): 420 x 0.804$ = 337.68$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 6 x 0.84$ = 5.04$
Enbridge Income Fund (ENF.UN): 300 x 1.152$ = 345.60$
= 2 631.84$
+ 100$ from the DRIP
= 2 731.84$

Earning 2 731.84$ from dividend is quite a major deal for me.

And to those numbers, we may add the special dividend of Sprott Inc. (SII). Back in April 6, 2009, Sprott Inc. (SII) had distributed a special dividend of 0.15 cents per stock. At that time, I had earned 75$ from Sprott Inc. special dividend. 2009 had been a pretty tough year for the Sprott Canadian Equity Fund! So I truly don’t know if Sprott will provide a special for 2010. I still hold Sprott Canadian Equity Fund. I purchase this mutual fund just before the major stock crash, just when I shouldn’t. I had invested a total of 7 033.50$ in the Sprott Canadian Equity Fund. On date of today, my 7 033.50$ worth 4 891$. I was confident that Sprott would have work for me, but it didn’t. This was supposed to be the investment that was supposed to make me rich and it simply didn’t. The managers might already have enough pressure on their shoulders, but I have to say, I am an investor and I am not satisfied with Sprott Canadian Equity Fund. Period. But not to blame Sprott only, I am not satisfied with O’Shaughnessy either. My investment are all for a long term, but still, I want to see result on a short term. I am not going to wait 10 years to get a 5% return!

One mutual fund I am totally satisfied with is Creststreet Alternative Energy Fund. Several months ago, I took this great decision: to invest 1 000$ in the Creststreet Alternative Energy Fund. And believe it or not, in date of today, the value of this investment in the Creststreet Alternative Energy Fund is of 1 483.93$. It’s really rare to see mutual funds giving investor a profit in the year of 2009. 2009 had been rough and tough. Cannot wait for 2010 to come in. A new decade, a new year and some positive results coming from the Creststreet Alternative Energy Fund.

So right now, the Creststreet Alternative Energy Fund is kind hot on Bay Street. The Creststreet Alternative Energy Fund is being managed by Steve Martin… Sprott and O’Shaughnessy are in their fifties-sixties, if not seventies lol… and Steve Martin is not even 30 years old. Age have nothing to do with all this, but isn’t time for investors to review their position and forget about the big old stars? Not that I don’t like them, but they don’t deliver. Simple that time. Knowing at which salaries I am working – very crashy middle class – I gave myself the right to say what I like and what I don’t like. I could continue all day long and this could be my longer post ever. Anyhow, right now, I really like the fact that my portfolio had increase to more than 1 000$. I hope the day will end like this, so I calculate my overall value this weekend.

The situation with Creststreet Alternative Energy Fund is really pathetic. Do a search in the Google search engine for Creststreet Alternative Energy Fund. And you’ll see what I mean. My First 50 000$ appear on the first page of the results. This means that not too many things are being said about the super gorgeous Creststreet Alternative Energy Fund. In this case, it’s because of jealously and also maybe because of the sector. But come on, you have money, you want to invest, why would you do like everyone else? Creststreet Alternative Energy Fund is the investment to be in. I might only have invested 1 000$ in the Creststreet Alternative Energy Fund, but if I could, I would have invested more, just that I have that dividend goal in mind and mutual funds = no dividend… But I consider investing another 1 000$ in the Creststreet Alternative Energy Fund in a close future.

Creststreet Alternative Energy Fund rock, no one can deny it.

As for Sprott Inc. (SII), their hedge fund had done well, but couldn’t they have forgotten to manage the Sprott Canadian Equity? I think so. Sprott team had forgotten to manage the Sprott Candian Equity. It’s not only a matter of management, it’s a matter of intelligence. And at Creststreet, they seem to be intelligent, Steve Martin finally appear in their Management Team. You can take a look at his pic right here.

And to continue with Sprott, an article written by Andrew Willis had been published on the Globe Web site, title “Eric Sprott lifts Canadian hedge funds”. Maybe Eric Sprott is good with his hedge fund, but I am telling you, during that time, Eric Sprott had forgotten his Sprott Candian Equity! It’s the only rational explanation I have for me loosing about 3 000$ in the Sprott Canadian Equity Fund.

It doesn’t matter how well Eric Sprott manage his hedge fund, I do not have 150 000$ to invest and I simply do not care about Sprott hedge fund. It’s simply disgusting.

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