80 484.77$ in assets doesn't change anything, but...

I just update the value of my overall investment portfolio! We are finishing the month of February 2010 with 80 484.77$ in assets! This amount contain, of course, the 10 000$ we obtain from TD Canada Trust for our RSP loan and our own 500$ contribution to our 2009 RSP. This update also contains our latest investment: 200 stocks of Premium Brands Holdings Corporation (PBH).

My laid off of BMO Bank of Montreal didn’t slow me down on any of my projects. Actually, as an investor, I never had been so great, so self-consciencousness of my own skills, so close to discover my center. Thinking about it lol, investment is all about “picking” the right investment. Just that! It is that simple!

Because being in investor, even a small one, is about that: it’s about exercing power over external elements. Jealousy lay off and so on are just material proofs of what I am truly am. Like guys, come on BMO Bank of Montreal, don’t try to destroy someone who’s more self-consciencousness than you will ever be. I am pretty good at playing games and I am a winner all the way. As for the losers (BMO Bank of Montreal) hope they are ready because I am going to hit higher. Seem like BMO Bank of Montreal will have to learn with its regret. My revenge will be extraordinary. It will never end.

I plan to continue to invest in the next upcoming months. But right now, I have to think about how am I going to invest that precious 10 500$ in RSP money I now have. I was thinking about Just Energy Income Fund (JE.UN). I had been thinking about EFT and so on. But I have to say, investing in dividend stock payers for my RSP instead of EFT is quite interesting. So at this time, I am still thinking.

Ok, so Jean-François Tardif top pick for 2009 was Premium Brands Holdings Corporation (PBH). And what about our very own 2010 top stock five stars pick? If I would have to choose only one stock to invest in, I will choose Just Energy Income Fund (JE.UN). Investing in Just Energy Income Fund (JE.UN) had been, so far, one of my best realizations. WOW WOW WOW. Just Energy is that fantastic. I LOVE JUST ENERGY INCOME FUND. Pureeeeee energy = pureeeee love. The dividend is hot + Just Energy Income Fund (JE.UN) had paid recently special dividend.

My stock investment portfolio in date of February 17, 2010

Savings:
2.69$ (ING Direct)
915$ (savings for next investment)

TOTAL: 917.69$


Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 196.75$
Timminco (TIM): 248$
Blue Note Mining (BNT): 56$
Bank of Nova Scotia (BNS): 5 041.05$
Hanwei Energy Services (HE): 56$
Methanex Corporation (MX): 2 373.12$
Fortis (FTS): 2 843.36$
Pembina Pipeline Income Fund (PIF.UN): 7 615.72$
Just Energy Income Fund (JE.UN): 5 922$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 479.62$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 578$
Pengrowth Energy Trust (PGF.UN): 1 177.66$
Enbridge Income Fund (ENF.UN): 3 729.70$
Corby Distilleries Limited (CDL.A): 1 510$
Davis + Henderson Income Fund (DHF.UN): 1 691$

TOTAL: 39 977.98$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 597.37$
Creststreet Alternative Energy Fund: 1 202$
Sprott Canadian Equity Fund: 4 844$

TOTAL: 8 643.37$

RSP:
CIBC Dividend Growth Fund: 482.99$
CIBC Emerging Markets Index Fund: 385.46$
CIBC Monthly Income Fund: 951.85$

Energy and Base Metals Term Savings (Indexed term savings): 503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.37$
TD Monthly Income: 98.29$
TD Emerging Markets: 77.78$
TD Energy: 80.43$
TD Precious Metals: 102.58$
TD Latin American Growth: 91.28$
TD Entertainment & Communications: 100.21$
TD Dividend Growth: 189.49$
TD U.S. Mid-Cap Growth: 95.25$

Maritime Life International Equity Fund (Templeton):
628.45$
Manulife Simplicity Growth Portfolio: 842.77$
Maritime Life CI Harbour Seg Fund: 982.55$
Maritime Life Fidelity True North Seg Fund: 939.17$
Maritime Life Trimark Europlus Seg Fund: 581.55$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 487.62$
RBC U.S. Mid-Cap Equity Fund C$: 1 722.76$
RBC Global Resources Fund: 852.33$
RBC O'Shaughnessy International Equity Fund:
575.60$
RBC O'Shaughnessy All-Canadian Equity
Fund: 976.05$

GIC Canadian Market: 1 000$

TOTAL: 18 107.96$

Social Capital at Desjardins Membership share for 3 accounts:
40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (66.62$):
67 753.62$
[In date of February 17, 2010]

Welcome Premium, 200 new stocks of Premium Brands Holdings Corporation (PBH) in my online future trading brokerage

Remember Jean-François Tardif hot picks for 2009? Well, one of those hot picks is soon going to be from my very own investment portfolio and that’s going to be tomorrow! So welcome to Premium Brands Holdings Corporation (PBH)! Welcome in our investment portfolio! :)

Today was pay day, I had more than 2 000$ in my bank account, lying there, doing nothing at all… So I transfer 1 600$ into my TD credit line. I currently have just a bit more than 3 000$ available on my credit line. So guess what’s going to happen? We are going to purchase 200 stocks of Premium Brands Holdings Corporation (PBH) using that money! Yeahhhh!

I had been talking about Premium Brands Holdings Corporation (PBH) for quite some time now and I very happy to get this new investment. Actually, this is our first investment since I had been laid off from BMO Bank of Montreal. There you go my little bunch of f******, this one is for you. I dedicate my Premium Brands Holdings Corporation (PBH) to BMO Bank of Montreal. Who lay off me, the Dividend Girl…

Anyhow, after this, I will be looking forward to invest the 10 500$ I currently have available for our RSP. And I am just going to relax and maybe going to the gym since there’s a promotion right now at a gym located close to my workplace and it cost less than 50$ for a full year…. And I really want to fit in a tiny little bikini when I will hit the 100 000$ in assets so… I guess I have no choice! I will make myself sweat at that gym. Trust me…

So now, let’s review the dividend earning in review ok?

There we go:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 429 units x 0.804$ = 344.92$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH):

200 stocks x 1.176$ = 235.20$
= 3 312.85$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 412.85$

After our Premium Brands Holdings Corporation (PBH) investment, we’ll be at 3 412.85$ in annual dividend earning. Nice!

And what about our 100 000$ in assets goal? How does it look now?

On date of February 17, 2010 we had a total assets of:
67 753.62$ + our investment of tomorrow in Premium Brands Holdings Corporation (PBH) worth around 2 870$.

To this current amount, we can add the 10 500$ we had invested today for our RSP.
70 623.62$ + 10 500$ = 81 123.62$

+ our annual dividend income of 3 412.85$ = 84 536.47$

And how about a value increase of 9% of our assets for 2010, would you like that?

84 536.47$ x 9% = 7 608.28$
84 536.47$ + 7 608.28$
= 92 144.75$

Better, but we are not there yet…. Missing 7 855.25$.

7 855.25$/10 months = 785.52$ per month for the 10 months left (March-December 2010) that I need to invest in order to reach the 100 000$ in assets. At this point, saving 785.52$ per month make a lot of sense. It’s something I can achieve, but only in a good market condition. Because if it happens that my investments lost half of its value instead of increasing of 9%, I won’t be able to achieve my goal. But it definitively worth a try and guess what, we’re going to make it! And when it will happen, I will post pictures of myself semi-nude on my blog after my transformation. I promise. lol.

Part 2: Debts + dividend: The 100 000$ assets strategy for 2010 in review

In the previous post, we saw the “debts” part. Now come the assets part. Are you ready? :0)

On date of February 17, 2010 we had a total assets of

67 753.62$.

To this current amount, we can add the 10 500$ we had invested today for our RSP.

67 753.62$ + 10 500$ = 78 253.62$

+ our annual dividend income of 3 177.56$ = 81 431.18$

And how about a value increase of 9% of our assets for 2010, would you like that?

81 431.18$ x 9% = 7 328.81$

81 431.18$ + 7 328.81$
= 88 759.99$

Better, but we are not there yet…. Missing 11 240.01$.

For the period of March-December 2010, we need to invest around 1 000$ per month. Truly possible.

The 100 000$ in assets is coming soon!

Debts and dividend: The 100 000$ assets strategy for 2010 in review

I really like to move on with this. In the previous post, I talk about a:
100 000$ in assets + 30 000$ in debts formula.

I want to elaborate more on my strategy.

We’ll start with the debts:

8 517.94$ at 4.75% = 404.60$ in annual interest
4 817.03$ at 3.5% = 168.60$ in annual interest
4 436.21$ at 3.9% = 173.01$ in annual interest
3 587.13$ at 8% = 286.97$ in annual interest
10 000$ at 4.75% = 475$ in annual interest

Total of debts: 31 358.31$
Total in annual interest rate: 1 508.18$

As you can see, my latest loan, my RSP loan, is set at 4.75%. It’s a bit high, but it’s been set up for 5 years. I could got a lower interest rate at only 3.25%, but it was only available with a one year loan and with a 10 000$ loan, it would had made too much for me in monthly payments. So I prefer this set-up, especially knowing that I will not face any penalties if I decide to reimburse earlier than 5 years or if I make any extra payments among the way. Great!

So this mean that overall, I am exceeding the 30 000$ in debts. I now have exactly 31 358.31$ in debts. Am I playing safe? Well, at this point, I have reached what I consider as being the maximum that I can hold in debts. After this RSP loan, I am not looking to increase more my level of debts. This is being safe. I know my limits. Ok.

As for the interest rate, annually it make an amount of 1 508.18$. That’s quite some money. But…. Remember our annual dividend earning? We are going to update it become some new stocks and units had recently join the gang. Here it is, our annual dividend income:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 429 units x 0.804$ = 344.92$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
= 3 077.56$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 177.56$

And 3 167.35$ - 1 508.18$ = 1 669.38$

Ok, I have more than 30 000$ in debts, in the deep red… but even at this time, my current annual dividend income provide me enough to cover up the cost of interest. So I am a winner all the way when it comes to outside of RSP dividend and debts. I am saying outside of RSP dividend become we will soon have a RSP dividend income, check it out, it’s coming soon! The only thing that disturb me is the 100$ fee that will make me TD Waterhouse pay for investing inside RSP. There’s no management fee at 25 000$. But less than 25 000$, the management fee is of 100$, which I find very extraordinary annoying. That’s why I haven’t been set-up for the RSP at TD Waterhouse yet. But at the same time, I just cannot wait to place more trades!!!

Anyhow, you now have an overall picture of my debts vs dividend kind of deal and you now know the reason why I am not in a major rush to pay off my debts.

10 500$ RSP contribution for 2009: now done!

Ok, so this is it, I got the RSP loan! I told you, I am invincible, and you better get use to it! lol!!!! I might have one of those super awesome credit score. Your credit score = your best friend when you want to enjoy the joy of leverage… Let’s clarify all this.

I had been approved for the 10 000$ RSP loan. Now, you want to know who’s been good enough with me Sunny alias The Dividend Girl to provide me a little something for my RSP contribution. Tadammmmmmm… And it is… TD Canada Trust! The happy winner of my RSP loan lol. Thank you TD Canada Trust thank you! lol…… And my payments only begin in May by the way. And I contribute 500$ from my own pockets. So my RSP contribution for my 2009 taxes is of 10 500$. I shouldn’t have taxes to pay after this contribution. That’s for sure.

I was really going completely nuts. I will never understand why I got refused by Bank of Nova Scotia for this loan. It was really wrong coming from them. Anyhow, who care about Bank of Nova Scotia when TD Canada Trust is willing to give me whatever I ever wanted: money, money, money! So for now, my portfolio is not moving from TD. Everything remains just where it is.

I got the RSP loan. Wow. I just cannot believe it. The payments are just a bit more than 100$ per month, so I am going to be just fine. And it’s only beginning starting in May. This loan is bringing us closer to our 100 000$ assets goal. I really believe I can make it happen for 2010. I will be 30 years old, we’ll be in 2010 and I will own 100 000$. Just amazingly wow! I am going to be able to relax and calm down a bit now that everything is all set for good. And its look like I am set for good with TD Canada Trust.

And if you find that this whole 100 000$ in assets + 30 000$ in debts formula doesn’t worth a damn, well, guess what, I am going to show that you’re wrong and, as always, that I am right lol. And it was really wrong, coming from Bank of Nova Scotia to refuse my RSP loan.

RSP 2009 contribution: the nightmare continue

I am just sooooooo tired right now. It didn’t work out at the Scotia Bank for my RSP loan. I was pretty disappointed because I had been waiting more than 1 week for it. I never been a customer at Bank of Scotia and I guess I will just never become one. I hold to many debts for the salary I own and my 44 000$ in stock couldn’t be taking as loan guarantee because they are stocks. If they would be GIC or other boring stuff like that or simply cash would had worked out. Bank of Nova Scotia doesn’t want my business? Who care! lol… I haven’t impress Bank of Scotia with my assets and my plan to transfer my assets to iTrade. But it doesn’t mean that the RSP loan project is ending here. Because as you know, here at My First 50 000$, we like to beat the steel when its hot. Doesn’t we? lol….

And guess what, as soon as I got the no as answer, I turn to another bank, explaining the situation. I was pretty lucky because a financial representative was available to take me between 2 appointments… I was very happy. I won’t reveal the name of the bank that impresses me that much until the deal is close and running. 10 500$ in RSP in quite some money. In case it doesn’t work out, I have a plan B, but I have to do quick… time is running so pass and dealing with those financial things that I am not that use too is quite exhausting. On top of that, I work today until 8:30pm… I just can’t wait for tomorrow. I need something to be done about all this.

Today, I learn something interesting by dealing with different banks: if a loan request had been refused at one specific bank, it doesn’t mean that another bank won’t approve you. Why? Because each banks seem to have their own rule. If you plan to proceed with a loan request at a bank where you do not hold already any credit, you need to have if not a great deal of cash, not too many debts around.

I am going to bed for now, I am completely burned out.

Moving on with my fantastic projects and why you should say no to BMO Bank of Montreal MasterCard

Ok, I go laid off from BMO Bank of Montreal, but it doesn’t mean it will stop me in my projects. I am actually better this way when it come to BMO Bank of Montreal. Want to know why? BMO Bank of Montreal recently had another bad idea, after my laid off. BMO Bank of Montreal came recently with this: they had reduced the payment on its very disgusting BMO Bank of Montreal MasterCard to 2%. This new measure is being valid for BMO Gold Air Miles MasterCard, BMO Air Miles MasterCard, BMO Premium CashBack MasterCard, BMO CashBack MasterCard, BMO SPC Air Miles MasterCard, BMO SPC CashBack MasterCard, BMO Preferred Rate MasterCard, BMO Prepaid Travel MasterCard, BMO U.S. Dollar MasterCard and BMO MasterCard for Business.

Usually, on credit card, customers had to pay the minimum of 3% of the balance they own on the credit card. Now, thinking being smart, BMO Bank of Montreal is reducing the payment to 2%. What’s supposed to be a good gesture is really not. And I am going to explain why. Credit card debts are not good debts. By reducing the minimum payment of their credit cards to 2%, BMO Bank of Montreal is helping Canadians to increase their level of debts. And nothing more than that.

Ok, you might told yourself, the poor girl had been laid off from BMO Bank of Montreal and she has more than 20 000$ in debts. Yes, I have more than 20 000$ in debts. But those debts are good debts. The interest rate for those debts is not 19.5% like on regular BMO Bank of Montreal MasterCard. Ok, BMO Bank of Montreal offers a 11.9% interest rate on credit card, but they charge for it. The fee is 35$ per year. Is that being brilliant? No that’s being dumb.

And what BMO Bank of Montreal customers do not know, unfortunately, is that BMO Bank of Montreal is not welling to help reducing their level of debts. BMO Bank of Montreal is actually going on the exact opposite direction. BMO Bank of Montreal hidding message is: « please fully use your credit card, reach your limit and enjoy. You don’t have to worry about one thing; you’ll only have to pay 2% of the full amount due. » This is how BMO Bank of Montreal is helping Canadians: by creating more debts. Which is really really bad. The exposure to heavy debt can rise easily with this new payment rule.

Credit card debts are the worst kind of debts an individual can hold. When it comes to credit products, you need to play smart. Instead of having a credit card with BMO MasterCard that you are paying 35$ per month to have the too high interest rate of 11.5%, why customer do not turn to TD Canada Trust an open a credit line at 8% interest rate, free of charge by the way. Why customers are willing to pay 35$ for a higher interest rate while its possible to get a lower interest rate, at no extra fee, with another bank? You have one life, one credit life. Do not let it ruin by BMO Bank of Montreal MasterCard. Be smart. And don’t forget to beat the steel when it’s hot… ok?

Bank of Nova Scotia services are poor

I am still waiting for my RSP loan. At this point, I am just willing to move forward and continue with TD because Bank of Nova Scotia are not good to deal with. The branch of Bank of Nova Scotia opening hours are horrible. It’s really difficult to take an appointment with somebody. Basicly, people at the branch are never available. And they seem extremely lazy. So try to have something done in those conditions! I first set up an apointment on Monday, I bring my papers and so on. A few days past. Than Wednesday, I had been told by a customer service representative over the phone that the lon request was ok… But since that time, nothing move. And when I called to have news of my loan today, I was told that I had to deal with the branch…. I also speak to a manager of the branch. We set up an apointment, but it will only be good for next week… Do you really think, dumb people of Bank of Nova Scotia that I am going to wait? Again! No way. iTrade can say good-bye to my awesome investment portfolio. I don’t want of iTrade anymore because I don’t like Bank of Nova Scotia way of doing business. Like for the manager, she's off today. This is the RSP season and you are taking off? Such a big bunch of idiots out there. Try to avoid the Bank of Nova Scotia of McGill College in Montreal. Their service is really poor.

Bell Aliant declared February dividend

Oh yeah! And this one is a good one. How about 24.17 cents per unit? How do you feel about getting a free 24.17 cents per unit hold of Bell Aliant Regional Communications Income Fund (BA.UN)? Personally, I do not feel any inconvenient at receiving free money, especially a major 24.17 cents dividend passive income per unit hold.

On March 15, 2010, I will receive 24.17$ from Bell Aliant Regional Communications Income Fund (BA.UN). Rock on.

It does actually make me laugh when I learn of their Small Unitholder Selling Program. Who in the world would be dumb enough to sell any of those precious Bell Aliant Regional Communications Fund units? They are as precious as gold…

Sprott Inc. (SII) 2009 fourth quarter dividend

Hellooooo dividend money! I really like that stuff. Sprott Inc. (SII) declared a dividend 2.5 cents per stocks. The dividend should be paid on March 16, 2010. Which mean we will received 12.63$ - which mean we will welcome 4 to 5 free stocks in our investment portfolio.

$$$

Great news regarding Yellow Pages Income Fund (YLO.UN)

Yellow Pages Income Fund (YLO.UN) is doing better on the TSX. I first invested 2 224.47$ in Yellow Pages Income Fund (YLO.UN) a couple of months ago. I always believe in this company as I find the dividend really good for the stock price value. Also, it’s a Montreal-based company, and I live in Montreal. So let’s say that from there, me and Yellow Pages Income Fund were set for a long-term relationship. Ever since, it’s been love, love, love.

Want to know why? As I explain, I first invested 2 224.47$ in Yellow Pages Income Fund (YLO.UN). Not that much, would you say, but all those « not that much » form my investment portfolio are part of my investment portfolio. In date of today, my investment worth 2 505.36$. This represent a nice increase of 280.89$ right there. Kind of nice. Yellow Pages Income Fund (YLO.UN) units value is currently at 5.84$, and I am confident that the company will soon reach the 6$ per unit.

Ok, so for now, Yellow Pages Income Fund (YLO.UN) is a .UN investment like I like to call them. But you don’t have to worry about the Yellow Pages Income Fund situation according to Gordon Pape. I regularly read Gordon Pape articles through my TD Waterhouse online broker account. So according to Gordon Pape, Yellow Pages Income Fund (YLO.UN) distribution will remain the same. Isn’t fantastic? What small investors worry about are distributions and with Yellow Pages Income Fund (YLO.UN), there’s really nothing to worry about. There’s again, it’s according to Gordon Pape. And The Dividend Girl lol.

The 100 000$ investment portfolio goal: the dream is slowly taking form

Teeth, sorry man, but I got approve for the RSP loan (read previous comments in one of recent post to have an idea of who’s Teeth).

Since Monday, I cannot think, I only have one thing on mind: will I get approve for my RSP loan? Well, I gave a call to the representative this morning since today Wednesday was supposed to be the day. But of course, it didn’t happen this way. The representative told me I had to wait until Friday. So I said ok… and went to work. I was upset because I hold number of assets, like I am f****** rich lol, I am working and so on. So what’s taking so long? Why couldn’t I get approve for a RSP loan right away? Is it because I am not rich enough? Geesssssss those Quebeckers are definitely going to kill me!

So I did the following: I gave a call to the bank customer service. And there, what a surprise: I learn that I got approve for a 7 600$ RSP loan! But the representative at the branch never told me about this approval. At the branch, I had been told that I had been refused, and that they had to send my request I don’t know where so I can get approve. Never it was questioned of a 7 600$ RSP loan at anytime. Taught I was going to get ripped off by Quebeckers? Helloooo not me.

Anyhow, I was quitted happy to learn the great news. When I spoke to the person of the bank customer service over the phone, it’s only there that I had been told that I had been approved, but not for the full amount that I requested, 10 500$. The representative told me that the approval waiting delay was taking longer because they were looking forward to approve me for 11 000$ RSP loan. Ok… But I haven’t been giving this information by the representative at the bank…

Lesson learns: There’s basically jerks a bit everywhere and I strongly recommend to anyone to deal over the phone for loans or whatever else because face-to-face, some bankers really do not have it. One way or the other, at the end, I am getting approved. So why in the world those bankers are willing to make me loose my time? JERKS. I already hate my new bank as you can see.

Later on during the afternoon, I received a message on my famous pager from the branch representative. He sound pretty pissed off that I call the customer service. He re-confirms again that I was going to get approve on Friday and so on and that he had made it clear… I am so terribly upset that I am going to visit the branch tomorrow and make hear the message of that representative to the director of the branch. JERK. JERK. JERK. JERK.

I have enough of stupid Quebeckers. But one day, I will have my revenge.

Just to talk about something else than stupid Quebeckers, this is never been seen before on My First 50 000$ blog: my stocks and units investment portfolio is almost at 40 000$. Today was an extraordinary day on the stock market. I got approved for the RSP loan. I am now at 67 753.62$ in assets. I am invincible. I am the best. I am a genius.

Now, tell me who’s the best between those guys of BMO Bank of Montreal (my late employer who unfairly lay off me) or me Sunny alias The Dividend Girl? Can someone tell me? Who’s the best?

My stock investment portfolio in date of February 12, 2010

Savings:
2.69$ (ING Direct)
915$ (savings for next investment)

TOTAL: 917.69$

Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 126.05$
Timminco (TIM): 214$
Blue Note Mining (BNT): 58$
Bank of Nova Scotia (BNS): 4 950.75$
Hanwei Energy Services (HE): 141$
Methanex Corporation (MX): 2 378.27$
Fortis (FTS): 2 774.72$
Pembina Pipeline Income Fund (PIF.UN): 7 343.10$
Just Energy Income Fund (JE.UN): 6 048.90$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 405.50$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 545$
Pengrowth Energy Trust (PGF.UN): 1 147.98$
Enbridge Income Fund (ENF.UN): 3 717.62$
Corby Distilleries Limited (CDL.A): 1 500$
Davis + Henderson Income Fund (DHF.UN): 1 668$

TOTAL: 39 370.89$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 557.03$
Creststreet Alternative Energy Fund: 1 202$
Sprott Canadian Equity Fund: 4 776$

TOTAL: 8 535.03$

RSP:
CIBC Dividend Growth Fund: 476.96$
CIBC Emerging Markets Index Fund: 388.62$
CIBC Monthly Income Fund: 945.84$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.37$
TD Monthly Income: 97.21$
TD Emerging Markets: 76.45$
TD Energy: 78.80$
TD Precious Metals: 100.23$
TD Latin American Growth: 89.05$
TD Entertainment & Communications: 98.68$
TD Dividend Growth: 186.61$
TD U.S. Mid-Cap Growth: 93.80$

Maritime Life International Equity Fund (Templeton):
620.27$
Manulife Simplicity Growth Portfolio: 834.64$
Maritime Life CI Harbour Seg Fund: 967.50$
Maritime Life Fidelity True North Seg Fund: 926.23$
Maritime Life Trimark Europlus Seg Fund: 581.56$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 480.25$
RBC U.S. Mid-Cap Equity Fund C$: 1 685.22$
RBC Global Resources Fund: 837.24$
RBC O'Shaughnessy International Equity Fund:
568.17$
RBC O'Shaughnessy All-Canadian Equity
Fund: 962.84$

GIC Canadian Market: 1 000$

TOTAL: 17 959.67$

Social Capital at Desjardins Membership share for 3 accounts:
40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (62.89$):
66 886.17$
[In date of February 12, 2010]

Hello extra money in my pockets

No news for my RSP loan yet. But it should be for tomorrow. The TSX gain extraordinary gains today. This is really great. My stocks and units investment portfolio is now at 39 839.35$. This represent a gain of 468.46$ compare to February 12, 2010. I am very happy with those gains.

On today, I had received the dividend for Yellow Pages Income Fund (YLO.UN) (28.34$) and Pembina Pipeline Income Fund (PIF.UN) (53.30$). Those dividend earnings are not too much, but those amounts + the gain of 468.46$ for today make an extraordinary increase of value.

I may had been laid off by BMO Bank of Montreal, but my investment portfolio is doing fairly well. Fact is, I am too much talented for BMO Bank of Montreal.

No news or the RSP loan yet but...

My stocks and units portfolio is now at 39 772.81$, which is an increase of 401.92$ compare to our latest 39 370.89$. Yeah! I wake up late again. Yesterday just exhaust me.

And now what?

I had an apointment today for my RSP loan. At first, the representative told me that I didn’t qualify. WHAT?

You hear it right. I do not qualify for the loan, in correctly correct banking terms and agreements. Whatever…. So yeah, the representative gave me the exact same reasons that Teeth post on his comments (see previous post and comments). But it didn’t stop there, I explain everything to the representative, my assets, my situation etc. Since I cannot be approve right away, I guess he will forward the request to someone else and I should received news by Wednesday. This had been quite exhausting for me. The main problem I face is that I hold too much credit. I hold several credit cards, several credit lines, several bank acounts lol. And my salary right now could appear low, but with my current situation + my monthly dividend income, I making around 2 000$ after taxes per month. Actually, at this point, I hold too much credit (use and unused) for the salary that I have. That’s a major problem. But I do not hold a balance on most of my credit cards. That’s what I explain to the representative and also I explain that I have more than 3 000$ in annual dividend income. And also that I never had problem to pay anything and that I was looking forward to transfer my portfolio over to the bank and so on. Which is true. And I also show him that I am a stockholder of the bank.

So now what? I am waiting. And the wait is too long. I just want to get through this and move forward with my projects. I want to see what’s going to happen next. If it work, I am going to transfer my portfolios over and everything. I also told the representative about my 100 000$ goal in assets and that they were going to make money with me (the bank) since I trade on a regular basis. Having 100 000$ in assets is quite something, even when holding a future 30 000$ in debts. Getting this RSP loan is more about if the bank will support my investment efforts or not. If I get the loan, it will a great deal of good publicity for the bank and their trading services. I deserve more than anything this RSP loan. After all, I am an investor, and I own more than 65 000$ in my very own money lol and around 20 000$ in debts at this time. I hold debts yes, and I exposed that to the representative, but I am good when it come to manage my money. If it all work out the way I want, I will be trading at 9.99$ and I will become fantasticly rich. I couldn’t hide my debt situation in something sexy like my bra lol – those guys can really see everything through their credit check.

My stock investment portfolio in date of February 6, 2010

Savings:
2.69$ (ING Direct)


Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 070.50$
Timminco (TIM): 220$
Blue Note Mining (BNT): 58$
Bank of Nova Scotia (BNS): 4 777.50$
Hanwei Energy Services (HE): 180$
Methanex Corporation (MX): 2 501.87$
Fortis (FTS): 2 865.20$
Pembina Pipeline Income Fund (PIF.UN): 7 216$
Just Energy Income Fund (JE.UN): 5 887.08$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 231.25$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 540$
Pengrowth Energy Trust (PGF.UN): 1 147.98$
Enbridge Income Fund (ENF.UN): 3 654.20$
Corby Distilleries Limited (CDL.A): 1 520$
Davis + Henderson Income Fund (DHF.UN): 1 652$

TOTAL: 38 981.58$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 502.17$
Creststreet Alternative Energy Fund: 1 192$
Sprott Canadian Equity Fund: 4 666$

TOTAL: 8 360.17$

RSP:
CIBC Dividend Growth Fund: 470.62$
CIBC Emerging Markets Index Fund: 419.94$
CIBC Monthly Income Fund: 934.78$
Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.79$
TD Monthly Income: 96.25$
TD Emerging Markets: 75.87$
TD Energy: 77.71$
TD Precious Metals: 96.86$
TD Latin American Growth: 87.12$
TD Entertainment & Communications: 97.87$
TD Dividend Growth: 182.63$
TD U.S. Mid-Cap Growth: 92.90$

Maritime Life International Equity Fund (Templeton):
624.39$
Manulife Simplicity Growth Portfolio: 829.27$
Maritime Life CI Harbour Seg Fund: 954.65$
Maritime Life Fidelity True North Seg Fund: 906.48$
Maritime Life Trimark Europlus Seg Fund: 583.96$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 471.94$
RBC U.S. Mid-Cap Equity Fund C$: 1 661.20$
RBC Global Resources Fund: 801.50$
RBC O'Shaughnessy International Equity Fund:
572.91$
RBC O'Shaughnessy All-Canadian Equity
Fund: 938.44$

GIC Canadian Market: 1 000$

TOTAL: 17 841.21$

Social Capital at Desjardins Membership share for 3 accounts:
40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (60.29$):
65 285.94$
[In date of February 6, 2010]

Holding debts can be healthy: here’s the how

My latest posts were quite provocative but they help me to feel better. And I have to say, I am feeling much much better now lol. I wasn’t expecting any reaction from my too much provocative posts, but the comment left by Teeth make me think of this – I am being read lol.

Ok, I hold some debts. And so what? My debts are not disturbing me at all. By having debts, I am helping the Canadian economy. Because a low amount of debts do help the economy. You could believe that having debt is not helping me any way. You might be right, but I think you are wrong! And here’s my point.

In life like in everything else, you need to know what you want. Right now, what I want is to reach 100 000$ in assets, with or without debts. Just that. I am just a nobody dreaming of having 100 000$ in assets. Is it a shame? I just want to have fun with my money and paying debts is not fun. It’s actually really boring.

Here’s my debt situation:

8 517.94$ at 4.75% = 404.60$ in annual interest
4 817.03$ at 3.5% = 168.60$ in annual interest
4 436.21$ at 3.9% = 173.01$ in annual interest
3 587.13 at 8% = 286.97$ in annual interest

+ 10 500$ (RSP loan of Monday) at 3.25% = 341.25$

Total in annual interest = 1 374.43$

Ohhhhhh outrageous debts! Outrageous interest! Oh lala.

Let’s get a straight overview of the situation.

Currently, my annual dividend income is of 3 323.59$. This is of course, before taxes. But even after taxes, I probably earn the equivalent of 1 374.43$ in dividend income, if not more.

So let’s calculate:

1 374.43$ (annual interest) – 1 374.43$ (annual dividend income) = 0$

At the end, I do not pay any interest at all from the money I had borrowed. This is free money! Pretty amazing! This is a trick I learn by reading Derek Foster. Now you understand why Derek Foster is a bestseller author, don’t you? Derek Foster is the best friend of all small investors like myself.

The plan is making sense as long as I can afford making the minimum payment for each loans I am involve in. I have a five star credit score, I do not want to loose that. I can afford making the minimum payment for everything. But before getting involved in a early retirement, all of my debts will be fully paid off. Of course. And if, at a point, I couldn’t afford making the minimum payments on my loans anymore, I would simple sell some of my investments.

After reading all this, if you still think that the whole plan is not making any sense, it’s because you might be one of them. You might be a BMO Bank of Montreal employee after all.

The 100 000$ investment portfolio strategy: how I plan to make it happen even after I got laid off by BMO Bank of Montreal

Even after I got laid off by BMO Bank of Montreal, my ultimate goal is still to reach the 100 000$ in investment portfolio value. It’s going to happen in 2010, and I am going to explain how its all going to work out.

Ok, so here’s how it goes:

On date of February 6, 2010, I had 65 285.94$ in assets. Awesome. At that point, I am currently only missing 34 714.06$. At this point of my life, I am pretty impressed by myself. But still, I am missing 34 714.06$.... Where am I going to find the money?

No worries. This is how it’s going to goes, in just a few steps:

1. Dividend earnings

With the investment that I currently hold, as I explain in the previous post, I am going to earn 3 323.59$. My dividend earnings represent an extra income. At 3 323.59$, the amount is quite important. Let’s move on:

34 714.06$ - 3 323.59$ = 31 390.47$

Nice, but there’s still missing 31 390.47$.

2. RSP Loan

For 2009, I have more than 10 500$ to invest in my RSP. So I am going to invest yes, but it will be with the help of my dearest friends of Bank of Nova Scotia (BNS) – which institution partly belong to me by the way since I am a stockholder. I didn’t get the loan yet, but I have an appointment on Monday and I might be able to get the loan, since I am already fantastically rich.

31 390.47$ - 10 500$ = 20 890.47$.

Now we are talking. Only missing 20 890.47$. But yes, 20 890.47$ is still a lot of money!

3. Natural increase earnings

Because of our extra particular successful way of investing, out portfolio is going to simply grow naturally. I like to be super optimistic. I am going to advance an increase of 10%. It’s a lot, but possible.

65 285.94$ (portfolio value in date of February 6, 2010) + 10 500$ (of the RSP loan)
= 75 785.94$ (WOW!)

75 785.94$ x 10% = 7 578.59$

20 890.47$ - 7 578.59$ = 13 311.88$

Much much better! At this point, I will only be missing 13 311.88$ before reaching my first

100 000$.

4. Normal investment flow: one investment every 2 months or so

Since forever now, it’s seem, I invest on a regular basis. For the rest of 2010, I might be able to invest the equivalent of 13 311.88$, even if I got laid off by BMO Bank of Montreal. Major benefit: my prospective investments are all dividend payers. So each 2 months, I increase my dividend income and also the value of my total assets.

Need a clear example? Probably next month or so, my next investment plan is 200 stocks of Premium Brands Holdings Corporation. The advantages of adding Premium Brands Holdings Corporation in my investment portfolio are multiples. First, stocks of Premium are under 15$, which make Premium Brands Holdings Corporation pretty affordable. Also, Premium dividend is quite juicy: 1.176$ per stock! At 200 new stocks, this will increase my dividend earnings of 235.20$! And don’t forget to add the value of the stocks itself: let’s say 13.70$ per stock: 2 740$. If, in a year, I repeat the same circus, but of course with different companies, not only that I will become fantastically rich, but I will be able to reach my first 100 000$ in 2010. Got the picture? So what are you waiting for? Shouldn’t you doing the exact same thing? :o)

BMO Bank of Montreal: worst financial institution of Canada history

Thanks to the TSX gains of today, my stocks and units portfolio is now at 39 228.25$, a nice gain of 246.67$. I guess my mutual funds and other might also gain in value. Little gain is better than nothing at all. My DRIP strategy is working quite well. I gain extra units and stocks lately, which really help to increase my dividend income. There again, the gain are not spectacular, but quite interesting. BMO Bank of Montreal did a major mistake when they decided to fire me because of their lack of leadership: they fired the best small investor of all… And they are not even aware of it. I know, it must be difficult to accept for BMO Bank of Montreal, they unfairly laid off one of the greatest investor of all. Taught it was going to kill me? Nope. I got enough of the BMO InvestorLine and all that BMO shit. Anyhow, back on date of January 24, my annual dividend income was of 3 154.33$ and here it is now, on date of February 11, 2010:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 410 units x 1.56$ = 639.60$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 425 units x 0.804$ = 341.70$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 302 units x 1.152$ = 347.90$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 167.35$

Compare to January 24, 2010, this is an interesting gain of:

13.02$

Ok, nothing to be very exciting about right, but what if I gain an extra 13.02$, on top of my dividend earning, every single months? Now, this is getting quite interesting!

13.02$ x 12 months = 156.24$ + 3 167.35$ = 3 323.59$ in free money! Interesting. This is what I call the power of money. Thanks to Derek Foster, I almost better than Eric Sprott at the investing game lol. The TSX is a rocket star and I am soon going to be a six figure investor. Isn’t nice?

Investing is fun, but its require a lot of time and energy. Ok, I am getting free money from my investment, but still, I have to keep track of everything and I am doing this on a daily basis. On top of that add my 2 jobs and my writing activities on HubPages. Yes, its hard work, but its not that hard. Its just about keeping track to make sure everything remain on a kind of normal state for the companies I decided to invest in. The 12 companies I had invested in for the dividend are well established. Nothing to worry about. But just for precaution, I follow everything. Just in case. And I haven’t been dumb enough to invest in BMO Bank of Montreal stocks if you see what I mean. I am not calling myself a genius worker for nothing see.

I was very happy to learn recently that a group of people working for BMO Nesbitt Burns had decided to sue BMO Bank of Montreal for unpaid extra hours. Can you believe, BMO Bank of Montreal didn’t pay overtime hours – not for a month or 2 – but for the whole period of 2002-2010. Time had come to BMO Bank of Montreal to face the reality. I am making my coming out about my lay off at BMO Bank of Montreal to be supportive to those employees who haven’t been paid by my late employer. To them I would like to say: don’t worry, those f****** are going to pay! Juroviesky and Ricci LLP are taking care of the case.

BMO Bank of Montreal is in real bad shape. Fact is, running after profit and sales won’t help in any matter BMO Bank of Montreal. Laying off good employees either like myself either. And not paying overtime is a really really bad idea. Guess the CEO of BMO Bank of Montreal has a lot to learn. Finally, BMO Bank of Montreal got what it deserves. But we couldn’t exept much more from BMO Bank of Montreal.

About my passive income: dividend earnings and making money online

Those last couple of days had been quite good. I am looking forward to write more articles on HubPages. I find it quite relaxing to write on HubPages. My latest article is about Chloé Sainte-Marie and her latest album in Innu native language. I plan to publish other articles on HubPages in the upcoming days. I have tones of ideas for articles. I might me able to reach the 100 articles on HubPages really soon since I lost one of my job recently and have a lot more times on my hands. While trying to make money on HubPages, I can still rely on my dividend income.

And the month of February is going to be very great for our dividend income! We are currently waiting for the following:

Pengrowth Energy Trust (PGF.UN), 7 cents per unit: 7.42$

Enbridge Income Fund (ENF.UN), 9.6 cents per unit: 28.99$

Bell Aliant Regional Communications Income Fund (BA.UN), 24.17 cents per unit:

24.17$

Pembina Pipeline Income Fund (PIF.UN), 13 cents per unit:

53.30$

Yellow Pages Income Fund (YLO.UN), 6.67 cents per unit:

28.014$

Just Energy Income Fund (JE.UN), 10.333 cent per unit: 43.30$

Davis + Henderson Income Fund (DHF.UN), 15.33 cents per unit: 15.33$

For a total of 200.22$!

Ok, 200.22$ is not a fortune, but its money I made by doing nothing at all and I am pretty proud of it! This is actually my own definition of passive income: money earn by doing nothing at all. But HubPages income won’t enter in this category, because I really work hard on those articles! Actually, among the way, I find out that it’s easier to make money out of dividend than making money online. At least this is the reality for me.

When it comes to make money online, I am not very successful. But I saw my online income growing while using HubPages previously this summer. So I truly recommend HubPages to anyone who is willing to make money online on their free time. Let’s say that for now, when it comes to dividend income and online income; I am on a getting-rich-slowly scheme.

My review of BMO InvestorLine

I just publish a brand new article on HubPages. I review BMO InvestorLine, a Canadian discount broker. You can take a look at my review of BMO InvestorLine right here.

I am now under 66 000$ and Jack Layton is suffering from prostate cancer

I wanted to update my investment portfolio as many change had been done recently. I lost a bit of value, but not that much, since I am under the 65 000$. I am currently at exactly 65 285.94$. Once the TSX will gain points again, my investment portfolio could gain 1 000$ right away, or even more. And I wish for more.

Oh no, Jack Layton is suffering from prostate cancer

I had quite a shock to learn that Jack Layton had prostate cancer. Jack Layton is one of the greatest leaders we have right now in Ottawa. I just very like Jack Layton – as much as I like Derek Foster lol. But that’s true, at least.

I have many things I would like to write about. But I am quite exhausted right now. I work today, but yesterday, I had that nice idea: to clean my messy cutty one and half apartment. I went through 5 hours of cleaning, clothes washing and dishes lol. But now, at least everything is clean and I hope it remain that way for a little while.

My stock investment portfolio in date of January 16, 2010

Savings
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 414$
Timminco (TIM): 266$
Blue Note Mining (BNT): 62$
Bank of Nova Scotia (BNS): 4 790$
Hanwei Energy Services (HE): 216$
Methanex Corporation (MX): 2 555$
Fortis (FTS): 2 959$
Pembina Pipeline Income Fund (PIF.UN): 7 204$
Just Energy Income Fund (JE.UN): 5 792$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 265$
Bell Aliant Regional Communications Income Fund (BA.UN):
2 769$
Pengrowth Energy Trust (PGF.UN): 65$
Enbridge Income Fund (ENF.UN): 3 819$
Corby Distilleries Limited (CDL.A): 1 530$
Davis + Henderson Income Fund (DHF.UN): 1 693$
TOTAL: 38 859$

Mutual funds (outside RRSP):
Sprott Canadian Equity Fund: 5 229$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund: 2 595.96$
Creststreet Alternative Energy Fund: 1 247$
TOTAL: 3 842.96$

RSP:
CIBC Dividend Growth Fund: 482.49$
CIBC Emerging Markets Index Fund: 453.79$
CIBC Monthly Income Fund: 957.38$
Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 110.79$
TD Monthly Income: 97.72$
TD Emerging Markets: 81.54$
TD Energy: 83.16$
TD Precious Metals: 106.87$
TD Latin American Growth: 94.73$
TD Entertainment & Communications: 102.09$
TD Dividend Growth: 186.91$
TD U.S. Mid-Cap Growth: 95.42$

Maritime Life International Equity Fund (Templeton): 667.52$
Manulife Simplicity Growth Portfolio: 854.60$
Maritime Life CI Harbour Seg Fund: 1 002.67$
Maritime Life Fidelity True North Seg Fund: 944.84$
Maritime Life Trimark Europlus Seg Fund: 602.60$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 484.12$
RBC U.S. Mid-Cap Equity Fund C$: 1 740.46$
RBC Global Resources Fund: 882.32$
RBC O'Shaughnessy International Equity Fund: 615.36$
RBC O'Shaughnessy All-Canadian Equity Fund: 983.93$

GIC Canadian Market: 1 000$

TOTAL: 18 383.44$

Social Capital at Desjardins Membership share for 3 accounts:
40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (53.06$):
66 410.15$
[In date of January 16, 2010]

Yeah, I got laid off and so what?

I got laid off last week because I am a work genius. I didn’t write about it, but I have to say, I saw it coming. Now that it’s been done and completed, I am ready to move on. I am currently close to 300$ in dividend earning per month. Lay off or not, the journey continues. I have to say, I have more than one trick in my pocket as I am financially speaking pretty safe. I wanted more than one time post the name of the employer who lay off me, but I won’t. I wouldn’t like to face criminal charges and I have to say, I have more important things to do in life than just ding some smart talking around some loooooosers who don’t even deserve me. I am one of the smartest – and weirdest lol – small investor that is out there. I am not the youngest retiree (that’s Derek Foster title lol) but I am the smartest small investor. That’s it! But one day, I am going to make it and than, I will write a book and I am going to let the world know from which bank I got laid off.

See, I am smart enough to have kept my old job while working at the bank because I kind of had a feeling that it wasn’t going to work for the long run as I find their way – at the bank – extremely arrogant and careless. But what is definitively in for the long run is me as an investor. Or me as a dividend girl lol. I have a lot of projects on the way! My life didn’t stop when I got laid off; it’s completely opposite that happen. Laid off or not, I continue to beat the steel…… when its hot, of course.

My work shift is currently kind of difficult to manage around. I might ask for a shift change, but I am just a bit afraid to ask since its going to be my third time asking for a shift change in the last couple of months. So I do not know what to do right now, if it not just working my hours. Anyhow, I also have a weekend job where its going ok there too. So I am not in need of money and I can manage myself quite well. I had been even quite lazy lately as I slept in until 10am or so… and I begin to work at lunch time. That’s how its been going on.

Major projects on the way: changing of broker

With the current investment portfolio that I own, I can trade for as low as 9.99$ with iTrade, no matter how many units are being trade. At 29$ per trade, TD Waterhouse is not cheap. Major benefit from TD Waterhouse: their platform is really awesome. I am a real beginner, but still, I had been able to purchase stocks very easily with TD Waterhouse. Despite some problems, I got a good service. But now, time to move on and invest at a cheaper price.

My way of investing is very strange. I do not have a particular method. My one and only rule: diversification. In this current case, diversification means that I invest very small amount of money in different companies who are, most of the time, dividend payers. My latest investments had been made in dividend payers companies. Why should I pay 29$ per transaction when I can pay 9.99$? I can save money just by changing of broker. So why not? T D Waterhouse charge an annual fee for RRSP investment. But iTrade do not change anything. I absolutely need to invest 10 000$ for my RRSP of 2009. If not….. slashhhhhhhhhhhhhhh. Hello taxes! Provincial taxes are a real headache here in Quebec. I wanted to invest in the iShare for a very long time now! Seem like its going to be in 2010. I also want to borrow money to invest in my RRSP. Usually, those type of loan remain free for the first 3 months (no payment require for 3 months). Also, the interest rate is generally low too. But I guess that in 3 months from now, I would have figure a plan to pay off the loan completely. I am still under the process for a RRSP loan. Life is not easy.

Also, I currently have more than 2 000$ coming out from no where that I want to invest it. I have an eye on Jean-François Tardif top pick of – I think it was of 2009 – Premium Brands Holdings Corporation. At this time, Premium Brands Holdings Corporation represent the perfect investment. The price per stock is under 14$. This investment is quite affordable (just the way I like them!). Very awesome fact: Premium Brands Holdings Corporation annual dividend is currently of 1.176$. Just a couple of months ago, Premium Brands Holdings Corporation was a .UN investment. Premium Brands Holdings Corporation was known under Premium Brands Income Fund. The company had change into a corporation and they still pay a pretty good dividend. This means that there is still hope. There’s hope that my other .UN investments transform themselves into a corporation. If I am lucky enough, once the transformation will be completed, those companies will continue to pay a high quality dividend.

I just cannot wait to purchase 200 stocks of Premium Brands Holdings Corporation! The investment will bring my annual dividend income to an extraordinary 3 390.03$ (282.50$ per month). I am very close to the 300$ per month!!! I really begin to believe that I am going to be able to make it, no matter what! :)

What’s going on? Steve Martin is about to leave Creststreet Asset Management Ltd.

Fellow readers know my admiration for Steve Martin and the extraordinary Creststreet Alternative Energy Fund. What Robert Toole had done to Steve Martin in order to make him leave his firm? It’s seem to be a mystery. This sound so like when Jean-François Tardif left the firm of a guy name Eric Sprott… Might be some s*** going on, that for sure. And now, time for investors to show their support and sell Creststreet Alternative Energy Fund. Why? Because I am pretty sure that Robert Toole or someone from Creststreet Asset Management Ltd. might had done something to Steve Martin.

Steve Martin was managing the Creststreet Alternative Energy Fund for quite some time and his profile wasn’t from the Creststreet Asset Management Ltd Web site. A few months ago only, Steve Martin profile had been add to Creststreet Asset Management Ltd Web site. I notice that and of course, I write down the ino right here on my very own blog. So now, let’s all support Steve Martin and sell the Creststreet Alternative Energy Fund because Steve Martin was the “guy” behind Creststreet Alternative Energy Fund success. I just hope Steve Martin won’t go work for Sprott Asset Management. That would be very horrible... Jean-François Tardif and Steve Martin should get together and open their own investment firm. That's a real good idea!

Seem like I am not the only one who got laid off recently! Coincidence? No! It's destiny! lol.

Let's get physical with Eric Sprott: the Sprott Physical Gold Trust

I know, the title of this post is just so hilarious! Taught that I was going to lay down in depression after getting laid off from XXX? Well, surprise, my sense of humor just got deeper, cleaner and... deeper. Before talking about XXX, let's get a bit closer to Eric Sprott... not to say it again.... let's get physical with Eric Sprott... lol!!!

Ok, so that dear Eric Sprott of mine just copy one of his very own competitors (Claymore Investments Inc. not to name them) and instead of focusing on his Sprott Canadian Equity Fund, well, the guy - let's name him again - Eric Sprott – well, Eric Sprott decide to take advantage of small people - once again - and then, the guy - Eric Sprott (again, and again and again lol...) decide to start a new thing. Just like I am moving on from XXX and starting something new, seem like Eric Sprott moving forward himself too. Eric Sprott and his team got deeper and deeper into gold, and I believe someone might had told Eric Sprott: let’s do it like Claymore Investments Inc. – just like I am trying to “do it” like Derek Foster lol. And there we go, here come a brand new financial product: Sprott Physical Gold Trust. Sprott and Physical, are just 2 words that match very well together lol.

Well, I have to say, Eric Sprott is somewhat brilliant. Gold is his thing and at 10$ per unit, I would very much to get in into his new thing, but now that I got laid off from XXX, its going to be difficult, but I like things like that, I like it when its difficult.. And my relation, physical or not, with Eric Sprott is difficult. Also. lol :)

For more info, you can read my previous post about Eric Sprott: Derek Foster vs Eric Sprott: who's the best investor?