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Thursday, April 29, 2010

My first 100$ payout from Google AdSense program

Yep! Usually, bloggers request a payment by cheque, but I did mine through online banking as I wanted to be sure to get the payment. I didn’t want to see the work of 3 years of blogging to get lost in the mail. What really help me in reaching my first 100$ in Google AdSense is HubPages and of course, this current blog. I reach 100$ once, I can reach 100$ a second time. I just hope that next time, it won’t take me as long as 3 years lol. But I see blogging as a hubby, and when you see blogging this way, your chances of making good money of blogging is low. I also blog on a very personal tone. I am not an expert on anything really, so it makes it even harder. But I have to say, in the last couple of months, I saw the traffic on my blog increasing. The key: just keep blogging, writing, I guess. On a long term goal, I would very much like to be able to earn 100$ per month from Google AdSense program. It’s possible. In my case, 100$ per month would required more articles on HubPages, more post on my blog. Extremely difficult to blog, write articles and work full-time! But I am willing to take the challenge!

The last couple of days had been quite busy. I had been busy at « stretching » my budget, as a new payer is being add on this upcoming May, my RSP credit line payment. My monthly payment is of around 107$. Currently, I have just enough money to cover up for my expenses. But luckily, I can cover all the payments I need to make, rent included for the month of May. Which mean that all of what I will earn on my next paycheque can be money save over my next investment, 100 new stocks of Corby Distilleries Limited (CDL.A). At a point, I am quite tempted to just cash in my dividend instead of making them roll over but as view before…. There seem to be no easy way. I can make end reach just the way I am being set right now but of course, I want more.

April 23, 2010 had been quite an extraordinary period for my portfolio. Back than, my non registered portfolio was at 49 701.44$. For the same portfolio, I registered today a 841.75$ lost. The beautiful gains had been lost, but I am confident I will reach the 841.75$ in gain really soon. I do not really know what to think about the situation in Greece and other European countries. But hope its turn for the best.

So I guess I will have no choice than going out of my comfort zone and work more hours at my daytime job, save save save and… job search. This week, I try to be careful with my expenses. I begin to cut on my coffees but believe it or not, it has an effect on me. I am feeling less alert and more sleepy. I bring tea bag at work and in the morning, I made myself some coffee. But nothing to compare to Second Cup coffee, that’s for sure.

Cutting on small expenses can have a huge positive effect on a budget. As for myself, we can talk about one, if not 2 coffees per day for a total of 4.42$ per day. 4.42$ x 30 days = 132.60$.... 30 days because not to forget I work Saturday and Sunday too… And this amount does not even include eating out. It make easily 200$ per month that I can save pretty easily. I done this kind of saving before, giving myself sometime a « non coffees week » goal. Each time, the goal had been more or less respected, but each time, I had been able to save some money. Myself, my bad habit is mostly coffee and eating out. Once it will be under control for good, I will be fine. I am just very happy to have already the cash to pay all of my May expenses.

Monday, April 26, 2010

Because its all about the lowest and the highest

The upcoming weeks are going to be much better as I got my regular schedule back. I went crazy for the past couple of days as I sometimes had to wake up at 6 in the morning just to go to work… But now everything back on track. My portfolio is doing quite well. Nice gain today again for my portfolio! Most interested gains were for my RSP stocks portfolio.

I don’t know how many times I write and told myself I was going to job search, but I didn’t and I don’t think I will. I am confident I might be able to reach the 90 000$ in assets if not by the end of June, later on this summer and this is enough for me. At a point, working more just getting the hell out of me, money is good, but I guess at 89 100$ in assets, the money lost is excitement, investment lost of its freshness and dividends well, they are what they are: dividend… lol… I know that I will be job searching again but it won’t be for now, unless I really need to.

Maybe I shouldn’t have done this but I just call T D Waterhouse to contribute to my TFSA. I had a 1 800$ or something left over, so I decide to take the 200 units I had of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered account transferred over my TFSA. And guess who else had join the TFSA? Dumont Nickel (DNI)! I transferred the 23 000 stocks from my non registered account to my TFSA. Why did I do so? I had 1 885.02$ left that I could be invested in for 2010 in my TFSA.

At this point, I am just fooling around with little investments but funny fact is that all of those little investments combine together, make, at the end, a really fantastic 89 100$ and something… Anyhow, I already had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) into my TFSA. I also had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered broker account. This one actually was my latest investment. Since I had a contribution that could be made for my TFSA, I just decide to have all of my Consumers’ Waterheater Income Fund (CWI.UN) units sleeping in the same boat. That’s really all.

As for Dumont Nickel (DNI), I am just looking forward to sell the 23 000 stocks I hold at 4 cents each. The profit will be, of course, small – but still, a profit is a profit. And why not making a profit free of taxes?

When making those transferred into my TFSA, I had been told if I wanted to make the contribution at lowest or the highest. But I decide at the lowest because that way, it make more money left to contribute for my TFA. The representative didn’t want to give any advice. Brokers are really just that: brokers lol. Even if they want, they cannot provide any advice. What a dream job isn’t? Just execute orders, no hassle. Anyhow, I could also transferred over Hanwei Energy Services (HE) and Timminco (TIM) but at this point, I want to understand what’s the lowest and the highest mean before switching those 2 into my TFSA. Let’s say I want to begin to be more sophisticated and at a point, I promise, I am going to know exactly what I am doing for once in my life.

Transferring some non registered investment into registered investment (TFSA or RSP) is not an easy thing to understand. Just very mysterious. That’s what I remember from last year, when I transferred some non registered mutual funds into RSP mutual funds. I was very curious to see the effect on taxes. But I didn’t get any paper for the taxes except of course, a RSP contribution paper. Transferring non registered investment into registered account – when it comes to mutual funds – is not like making a sell because the exact same amount of units hold is getting transferred into RSP.

Ok, but stocks and units are not mutual funds. So will I have something to declare for the transfer I did tonight with T D Waterhouse? I don’t know. I mostly understand the basic, but that lowest and highest thing is quite intriguing.

Friday, April 23, 2010

Pushing it right to the top: I am now at 89 157.88$ in personal assets

I knew it was going to be great, but not that huge! Imagine my surprise today, as my investment portfolio exceed the 89 000$! I am currently at a fantastic 89 157.88$. If things continue this way, with my next investment in June – 100 extra new stocks of CDL.A – my portfolio could reach a value of OVER 90 000$! That’s pretty hot stuff. Between April 20 and 23$, my assets gain 817.73$, without new investment or new savings. 817.73$ represent a gain of 0.9256%! WOW!

My gain could have exceeded the 900$ if only Sprott Inc. (SII) would have close at 4$ and Just Energy Income Fund (JE.UN) at 14$... But of course, things just didn’t happen that way. Sprott Inc. (SII) close this Friday session at 3.90$ and Just Energy Income Fund (JE.UN) at 13.71$. Time to buy Just Energy Income Fund! Just Energy had announced recently the acquisition of Hudson Parent Holdings, an energy marketing company operating in New York, New Jersey, Illinois and Texas. One of Canada greatest dividend payer is growing in the USA! Rebecca MacDonald that just of a visionary. Of course, at this point, the only thing I want is to add more of the sublime Just Energy Income Fund (JE.UN) units in my investment portfolio!

Its looking really great for my first 100 000$ because I am now only missing 10 842.12$ before hitting the magic number. I gave myself until December 2010, but seeing how things are going, I may be able to reach my goal on a sooner date or maybe not.

Anyhow, what cannot happen on a closer date will just happen one day or the other. I received Enbridge Income Fund (ENF.UN) (29.28$) and Bell Aliant Regional Communications Income Fund (BA.UN) (24.17$) dividend. It’s now by tomorrow that I am gonna be able to live on my dividend income (lol), but while waiting… I have, let’s say bunch of fun.

My stock investment portfolio in date of April 20, 2010

Savings:
372.07$

Non registered Investments:
Stocks & Units investment portfolio

Sprott Inc. (SII): 1 894.40$
Timminco (TIM): 176$
Blue Note Mining (BNT): 48$
Bank of Nova Scotia (BNS): 5 451.60$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 524.53$
Fortis (FTS): 2 972.55$
Pembina Pipeline Income Fund (PIF.UN):
7 446.40$
Just Energy Income Fund (JE.UN): 10 134.96$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 871.09$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 614$
Pengrowth Energy Trust (PGF.UN): 1 207.34$
Enbridge Income Fund (ENF.UN): 4 057.56$
Corby Distilleries Limited (CDL.A): 1 575$
Davis + Henderson Income Fund (DHF.UN):
1 797$
Premium Brands Holdings Corporation (PBH):
2 880$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 052$
Cash: 100.93$

TOTAL: 49 377.36$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 833.59$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 052$
Sprott Canadian Equity Fund: 5 090.23$
Cash: 21.69$

TOTAL: 8 997.51$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 052$
EnCana Corporation (ECA): 3 177$
Emera Incorporated (EMA): 4 904$
Cash: 259.15$

CIBC Dividend Growth Fund: 509.37$
CIBC Emerging Markets Index Fund: 447.06$
CIBC Monthly Income Fund: 981.28$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 112.60$
TD Monthly Income: 106.92$
TD Emerging Markets: 80.67$
TD Energy: 84.90$
TD Precious Metals: 105.73$
TD Latin American Growth: 94.46$
TD Entertainment & Communications: 107.02$
TD Dividend Growth: 204.30$
TD U.S. Mid-Cap Growth: 102.77$

Maritime Life International Equity Fund
(Templeton): 645.28$
Manulife Simplicity Growth Portfolio: 868.54$
Maritime Life CI Harbour Seg Fund: 1 027.91$
Maritime Life Fidelity True North Seg Fund: 977.07$
Maritime Life Trimark Europlus Seg Fund: 598.36$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 520.53$
RBC U.S. Mid-Cap Equity Fund C$: 1 872.41$
RBC Global Resources Fund: 952.32$
RBC O’Shaughnessy International Equity Fund:
608.17$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 053.37$

GIC Canadian Market: 1 000$

TOTAL:
29 439.07$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(114.14$):
88 340.15$
[In date of April 20, 2010]

Thursday, April 22, 2010

My credit card limit increase request had been approved!

Just a few days ago, I had applied for a credit card limit increase of 3 000$ so I can benefit of a credit card balance transfer of 4.9%... Well, the request had been approved. TD Canada Trust is the greatest financial institution in Canada. TD Canada Trust never refused me anything! I have a TD credit line, a TD Visa, a TD RSP credit line… not to mention a broker account. Actually, the only thing missing from my TD package is a TD chequing account. So this is pretty great. I could have get refused because of the current debts I hold. But since my broker account is at TD, they can also see what kind of cash I have invested. I guess it had played in my favor. The Dividend Girl is also… a TD Girl lol…

Just a few months ago, I had applied for a RSP loan at Bank of Scotia and got refused. The reason why? For Bank of Scotia (BNS), I was holding too much for the salary I had. Also, I had basically no cash, only investment. And a branch of Bank of Scotia (BNS) located in Montreal didn’t want to take my stocks portfolio as security, even if I am one of their shareholder. I think things could have worked out better if I would had been better at another branch. So just don’t go visit the branch of Bank of Scotia located on University downtown Montreal because you will just loose your time! Bank of Scotia is not willing to make business with you if you don’t hold cash and hold too much debt.

I am proud of my debts, of my investments and not having cash do not matter to me. Not working full-time had been an issue too… and being fired from BMO Bank of Montreal too lol. Like come on! Bank of Scotia (BNS) need to be more open-mind. I had an awesome credit history, I am rich, and some sick people of Bank of Scotia are saying NO to me?

I had big project for me and Bank of Scotia. I wanted to get the loan, transferred my portfolio over Scotia iTrade…. But since Bank of Scotia REFUSED my loan request, I told myself: f*** off, I stay with TD. From that point, I told myself I was going to stay forever with TD Canada Trust.

I wanted to switch for Scotia iTrade because with a minimum of 50 000$ in portfolio, which I was reaching at the time with the RSP loan, I could had placed trades at 9.99$. It was basically the only reason why I wanted to switch from T D Waterhouse to Scotia iTrade. But it never happens, so I decide to stay with TD. Business is over with Bank of Scotia, as well as BMO Bank of Montreal (BMO) because, as you might already know, BMO Bank of Montreal fired me after 3 months, shortly after giving me a 5 000$ credit line and 4 000$ Mastercard credit card. But shouldn't be surprised, as a New Brunswicker, I had experiment the lack of common sense of Quebeckers. I would have deserved a longer try out period. I was willing to learn and doing my best. My laid off from BMO Bank of Montreal is also a lack of social responsibilities from BMO Bank of Montreal. They had provided me credit, learn about my good credit situation and my investment and than, after giving me 9 000$ value in credit, fired me before my try out period. I could only have lived something like it here in Quebec. Quebec corruption is not only about wanted to be a country of their own, it’s about also their local MBA holders, thinking they are good and have it, to apply their own rules, thinking maybe I was going to get hurt, thinking maybe my spirit would get kill. But you have to follow my own rules. And BMO Bank of Montreal won’t be forgiven from my end.

And hopefully, I will reach 90 000$ in assets sometime this summer.

Tuesday, April 20, 2010

Surprise… I am now at 88 340.15$

Today had been a long day even if I finish work early. I goanna try to catch up in my hours tomorrow. I did some boring stuff that need to be done like paying on my credit card because I had exceed the limit, picking up my mail, calling my Internet provider to change my credit card (with all of their special interest credit card balance offer, my TD Visa is FULL), calling BMO InvestorLine to close my account. Yep, I had transferred everything I own to another broker, but that didn’t close the account immediately. So I did all those. And as always, trying to reach someone at BMO InvestorLine was almost mission impossible. I do not lie, it took me 30 minutes because being able to talk to someone! Way so much better at T D Waterhouse! You can really feel the difference. So those were for the majors of the day… Pretty boring isn’t? But now the best is to come…

I am now at a magical 88 340.15$ in assets

I update my investment portfolio today because I knew, by the way it was looking, that this was our day: I had exceeded the 88 000$ in assets! Currently, our overall investment portfolio is at 88 340.15$. Yeah! Like I work so hard for it, I am happy to be a bit closer to my goal. The 100 000$ is just around the corner!

Real positive gains today with Just Energy Income Fund (JE.UN) who had announced a new acquisition. Just Energy had reached 14$ during the day, but close at 13.96$. Not bad, way to go Energy! Also, we had to remember that we are not in the gas season now so its pretty fantastic that Just Energy had been able to reach 14$ during the day today. Just Energy Income Fund (JE.UN) is one of my favorite.

Sprott Inc. (SII) is still under 4$ while the company had announced a new fund, seem to be interesting, it’s the Sprott Private Credit Fund. The fund will be manage with the participation of Third Eye Capital Management Inc. Just great news for stocks holder of Sprott Inc. (SII).

1.99% interest rate offer on credit card balance transfer from MBNA

Also today, believe it or not, in the mail was waiting for me a happy surprise… a 1.99% interest rate on credit card balance transfer for one year…. The same one that is using The Rat for his 25 000$ leverage project! I was shocked when I open the letter. It has my name on it and my address. I had been targeted, I don’t know how, but may I be bless to have receive such offer… can you believe 1.99% for one year! Too bad I didn’t go pick up my mail earlier because I already apply for a credit card limit increase at TD. But 1.99% for a full year is such a terrific offer. I going to apply and we’ll see what happen. I guess my credit card is not bad at all if I had been targeted. I think I had been target through RBC Royal Bank. Why? With BMO Bank of Montreal, TD Canada Trust and all other I have my residential address. With RBC Royal Bank, my postal box. And I had received the terrific letter at my postal box, so I guess RBC is doing telemarketing for MBNA credit card. But who care? I just wanna this offer! So this was the second good news of the day. I am the credit card godness queen. I LOVE credit card transfer balance and their low interest.

I have multiple debts for close to 40 000$. It was my own choice to borrow money on credit card balance transfer and on credit lines, but I don’t regret my choice.

Here what I would like to pay off using a credit card balance transfer:

-Credit line: 4 840$ at 3.5% =
169.40$ in annual interest
- Credit line: 5 000$ at 8% =
400$ in annual interest
Credit card balance transfer: 5 000$ at 4.9% =
245$ in annual interest
Credit card balance transfer: 4 359.02$ at 3.9% =
170$ in annual interest
TOTAL OF DEBTS: 19 199.02$
Total in interest rate: 984.40$

I would like to get a 20 000$ credit card, so I can benefit of the 1.99% offer for 1 year for those debts. This way, I could save 602.34$ in interest money! Knowing myself, I know I might be tempted to use the money to invest more in Just Energy and other… But no matter what’s going to happen, a 1.99% interest rate is a good opportunity.

Dividend news

Also today, I had received the dividend of Pengrowth Energy Trust (PGF.UN), 7.42$. Last week or so, I had received the dividend from Premium Brands Holdings Corporation (PBH). I was going to call T D Waterhouse because the dividend didn’t DRIP, but I run out of time. And just by checking the Premium Brands Holdings Corporation (PBH) Web site, I see that the DRIP had been suspended. This is really sad because the DRIP system can be quite powerful. I could had earned around 4 new stocks of Premium Brands if only the DRIP would had been still on going… I currently have 100$ in cash in my broker account, whch I am not use to have. That money will help to make the minimum payment on my credit line. I would just have 50$ of my own to pay on the credit line.

Government cheque

I had received my federal checked of 130$. No more excuses for not doing exercice with that money, I can purchase a new pair of running shoes. Current pair tighting my feet too much when I exercice on a long period of time. Outch! So I am going to climb the Mont-Royal right to the top. Check me out.

So lot of extraordinary things happen today. I am feeling lucky, gonna have to purchase a lottery ticket.

My stock investment portfolio in date of April 18, 2010

Savings:
372.07$


Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 935.36$
Timminco (TIM): 176$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 432.70$
Hanwei Energy Services (HE): 102$
Methanex Corporation (MX): 9 786.48$
Fortis (FTS): 2 915.85$
Pembina Pipeline Income Fund (PIF.UN):
7 338.24$
Just Energy Income Fund (JE.UN): 9 786.48$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 805.54$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 597$
Pengrowth Energy Trust (PGF.UN): 1 202.04$
Enbridge Income Fund (ENF.UN): 4 085.10$
Corby Distilleries Limited (CDL.A): 1 570$
Davis + Henderson Income Fund (DHF.UN):
1 790$
Premium Brands Holdings Corporation (PBH):
2 864$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Cash: 93.51$

TOTAL: 48 767.32$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 759.05$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Sprott Canadian Equity Fund: 5 312.73$
Cash: 21.69$

TOTAL: 9 133.47$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 050$
EnCana Corporation (ECA): 3 147$
Emera Incorporated (EMA): 4 880$
Cash: 259.15$

CIBC Dividend Growth Fund: 506.94$
CIBC Emerging Markets Index Fund: 452.54$
CIBC Monthly Income Fund: 977.62$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.71$
TD Monthly Income: 101.81$
TD Emerging Markets: 81.60$
TD Energy: 82.39$
TD Precious Metals: 106.74$
TD Latin American Growth: 95.44$
TD Entertainment & Communications: 107.58$
TD Dividend Growth: 201.76$
TD U.S. Mid-Cap Growth: 103.53$

Maritime Life International Equity Fund
(Templeton): 651.15$
Manulife Simplicity Growth Portfolio: 869.85$
Maritime Life CI Harbour Seg Fund: 1 025.17$
Maritime Life Fidelity True North Seg Fund: 973.84$
Maritime Life Trimark Europlus Seg Fund: 602.97$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 510.39$
RBC U.S. Mid-Cap Equity Fund C$: 1 878.53$
RBC Global Resources Fund: 955.47$
RBC O’Shaughnessy International Equity Fund:
605.43$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 021.90$

GIC Canadian Market: 1 000$

TOTAL: 29 295.75$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income

(112.57$):
87 721.18$
[In date of April 18, 2010]

Monday, April 19, 2010

Lovely gains today for my everything

I like to end a day of work like this: coming home early, starting my laptop, log-in to my online broker account and… discover fantastic gain in my investment portfolio!

My non registered stocks & units portfolio is up of 182.60$. My TFSA portfolio is up of 78.40$. And my RSP stocks portfolio is up of 26$. This mark a 287$ gain today only – and this is only counting one part of my portfolio. I won’t update it again as I just did it yesterday. The gains made are small but interesting, knowing that those were gains made between yesterday and today… 287$ is more than I do in just a day of work! I am quite happy with my portfolio right now. The gains were not spectacular today at the TSX, but I prefer little gains to major ones. Little gains seem to be just more stables. Since the big stock crash of somewhere in 2008, the TSX is everything but not stable. I can definitely talk about it! The road had been rough for our mutual fund investments. But among the way, with a well diversified portfolio, everything is possible and I have to say, I have achieve my everything today.

So what happen today that I got a juicy boost in value? Well, even if they refused my RSP loan this year, Bank of Scotia (BNS) is in good business. The stock value had raised to the 52$. So you can imagine the positive effect on my portfolio as I own 105 stocks of that marvelous. Also, Yellow Pages Income Fund (YLO.UN) is at an extraordinary 6.53$. Those were 2 of our major investment portfolio boosters!

Sprott Inc. (SII) still under 4$ per unit and Just Energy Income Fund (JE.UN) again at less than 14$ per unit. Once those 2 will go up again, gains will be just spectacular. My non registered stocks and units investment portfolio could than worth close to the 50 000$ alone!

I finally complete my credit card limit request. I will learn more about it within 2 business days.

Other Internet projects among the way, a new Web site idea I wrote about previously… well, it’s still on going. My only problem is discipline. That’s the main reason why I wasn’t able to launch the project yet. I had been too busy counting and re-counting my money.

Sunday, April 18, 2010

I am now at 87 721.18$

I was very curious to see how much my value was now after my latest investment in 200 units of The Consumers’ Waterheater Income Fund (CWI.UN).

On date of April 18, 2010, I am at a healthy 87 721.18$, a lost of 74.94$ compare to April 5 but still, just a 74.94$ in losses is not that of a deal on a +80 000$ investment portfolio. Believe me, once Sprott Inc. (SII) will me over 4$ and when Just Energy Income Fund (JE.UN) will be over 14$ per unit just like it use to me, my portfolio will be than at more than 88 000$. And luckily, when I will make my next investment this upcoming June, the value of my portfolio may be reach 90 000$. In June, I plan to invest in 100 stocks of Corby Distilleries Limited (CDL.A), for a value of around 1 600$. Here how it could be in June:

88 000$ + an extra increase of 400$ of my portfolio + 1 600$
= 90 000$

I could possibly hit the 90 000$ in assets in June, but it will all depend of the stock market condition. So far, things are doing great. I am already at 909.92$ in dividend earning for 2010. Looking forward to have a lot more in dividend earning by the end of 2010. Cash just continue to flow. And the cash flow delivers some extra stocks and units among the way, which is even better that just cash alone.

If I could make an extra 1 000$ per month for the period of May-August 2010, I could reach my first 100 000.00$ in assets right on time for my 30th birthday, which is coming at the end of August. Interesting… My at this time, I am kind of use to my routine and stuff and job searching is not really what I want… but I guess I will think about this one in the upcoming days. Many times I wrote that I will job searching… But even with my current situation, I am doing relatively fine. And when I see where I am in my portfolio goal right now, well, I am kind of wow! I am just at a point where all this money enough for me. But shouldn’t I just shake up and go for more? Yes in a way, no in another way. Like right now, I have a lot of free time to do just whatever I want to do, counting my money or doing anything else lol…. But the possibility is there, I have to PUSH myself.

30 years old, 100 000.00$ in assets, 37 000$ in debts lol, what about that? The sooner the better because once my 100 000$ will be reach, I told myself I would be working at paying debts.

Everything is just so easy... or almost :0)

My stock investment portfolio in date of April 5, 2010

Savings:
1 002.69$

Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 053.35$
Timminco (TIM): 164$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 290.95$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 662.55$
Fortis (FTS): 3 045$
Pembina Pipeline Income Fund (PIF.UN):
7 289.45$
Just Energy Income Fund (JE.UN): 10 266.60$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 710.58$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 554$
Pengrowth Energy Trust (PGF.UN): 1 269.88$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 545$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 916$
Cash:
21.23$

TOTAL: 48 164.77$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 781.94$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 036$
Sprott Canadian Equity Fund: 5 160$
Cash: 21.69$

TOTAL: 8 999.63$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 046$
EnCana Corporation (ECA): 3 300$
Emera Incorporated (EMA): 4 926$
Cash: 259.15$

CIBC Dividend Growth Fund: 509.75$
CIBC Emerging Markets Index Fund: 454.74$
CIBC Monthly Income Fund: 982.01$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.88$
TD Monthly Income: 101.87$
TD Emerging Markets: 81.89$
TD Energy: 84.48$
TD Precious Metals: 104.09$
TD Latin American Growth: 96.20$
TD Entertainment & Communications: 105.54$
TD Dividend Growth: 201.91$
TD U.S. Mid-Cap Growth: 101.25$

Maritime Life International Equity Fund
(Templeton): 645.92$
Manulife Simplicity Growth Portfolio: 871.20$
Maritime Life CI Harbour Seg Fund: 1 029.66$
Maritime Life Fidelity True North Seg Fund: 982.40$
Maritime Life Trimark Europlus Seg Fund: 601.58$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 513.32$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.06$
RBC Global Resources Fund: 961.11$
RBC O’Shaughnessy International Equity Fund:
596.07$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 035.65$

GIC Canadian Market:
1 000$

TOTAL: 29 487.97$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(101.06$):
87 796.12$
[In date of April 5, 2010]

Saturday, April 17, 2010

Money, dividend and budgeting for the month of May

The month of April is not over yet but I am already thinking my budget for May. Why? In May, I will start paying on my 10 000$ RSP loan. The monthly payment is about 107$. Also, one of my credit card balance transfer offer at 3.9% is getting to expire on May. For the first time ever, I am not quite happy with CIBC Visa because I had been told 2 different things by 2 reps… I should get organize better, but I got busy with all kind of different thing, not to forget about my laid off of BMO Bank of Montreal. Please do not forget about that one for me ok? Since I got laid off from BMO Bank of Montreal, I didn’t purchase a single piece of clothes. No new jeans, no new t-shirts, no new bra… NOTHING lol.. Not even a hair cut…. Talking about living miserably….

Financial success reside in a budget, and sometime on a really tight one

I write it on HubPages before, I am a natural saver. This allows me to manage everything without budgeting. The budget is kind of in my head and I never needed to write down expenses, etc… But my newest loan payment coming by, I needed to review my situation just to make sure everything fit at the right place, that I got laid off from BMO Bank of Montreal or not. Ok?

So what’s going to happen, several months after my laid off of BMO Bank of Montreal? Well, just the usual. Let’s check it out:

RSP credit line loan: 107$
Credit line 1: 150$
Credit line 2: 100$
Student loan: 100$
Visa 1: 150$
Visa 2: 100$
TOTAL: 707$

The minimum payment required on my debts is of 707$. To this amount we need to add my rent, 545$, and my Internet, 35$. All combine together, it will make 1 287$. To this amount, I add 400$ more groceries, coffees and everything else. It bring the total to 1 687$. Did you notice something? I remove the metro pass!

Talking about living frugally: I find an easy way to save 65$ per month

This is kind of a drastic choice for me who always enjoy traveling in the Montreal metro but as my budget is getting tighter and that I need to exercise more, anything I can do to save money and getting a bit more in shape is more than welcome. I just cannot deprive myself on coffees and other little eating out because it would just make me feel more miserable that what I am experimenting right now lol. So starting May 2010, no more metro pass! I am about 45 minutes walking distance from my day-time work. My weekend job is actually a walking distance away from my apartment. I can easily live without a metro pass. Just going to be rough for the first couple of days I guess. But it worth the try, 65$ is kind of good money. I am happy that I cross over this solution. Just for the period of May-November itself, I could save 455$.

Pembina Pipeline Income Fund (PIF.UN) dividends are in the house!

I just received 53.69$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Strangely, the DRIP is on. I am earning actually 3 extra units of PIF.UN. I will have to call T D Waterhouse because last month, my PIF.UN dividend didn’t DRIP. I previously call T D Waterhouse about it, and nothing had been done. On a certain way, some brokers of T D Waterhouse are not willing do no anything for you except selling or buying stocks for you as they can earned commission. That’s how it work at T D Waterhouse. If you have T D Waterhouse as broker, check your statement very carefully because after 60 days, if there’s a mistake of what so ever, T D Waterhouse won’t do anything. They are like that. In a way, T D Waterhouse and BMO Bank of Montreal share a lot of things. Both institution kind of suck on their own little way.

Anyhow, I had been thinking, calculating…

I have actually other projects on the way!

Yeahhhh!

Maximize my TFSA for 2010: Last year, I did some mistake with my TFSA. I taught withdraw made from the TFSA could be invested on the same year, but its not the case. Withdraw can be reinvested yes, but only 1 year after… I just waiting for my tax papers and I am going to look I what I did last year.. I am still confused about what I did, one year later… Isn’t a problem to be rich?

100 new stocks of Corby Distilleries Limited (CDL.A): So far, Corby Distilleries Limited (CDL.A) had brought great stability to my portfolio. I won’t be able to invest in 100 stocks of Corby Distilleries Limited (CDL.A) for next month, but it might be good for the month of June! This will allow me to benefit from the DRIP being offer so far from Corby Distilleries Limited (CDL.A). I should be able to earn at least 1 extra stock per distribution period.

Applying to a credit card increase at TD Visa: I have more than 70 000$ invested at T D Waterhouse, if it’s not even to get a 3 000$ limit increase at TD Visa… But we never know right? This is something I didn’t do yet but its something I will do online before the end of the weekend. And what if my credit line limit increase got refused? Solution: turning my current CIBC Dividend Visa card into one of CIBC credit card at an interest rate of 11%. My 3.9% interest on an amount of 2 735.78$ is ending on May. Close to 3 000$, the amount is kind of huge, but no way I am going to sell one of my investment without hitting first my first 100 000$. It’s all in the head; it’s stupid and hot at the same time. But I have a NO SELL rule…. I could ask for a credit line at RBC or something else, but I do not want to hurt my credit score too much. Not that I care that much about my credit score, but if I ma being refused a credit card limit increase, what are my change to get credit someplace else? Isn’t a difficult situation to deal with?

But we experience this when we applied for a RSP loan: I got refused at Bank of Scotia (they apparently didn’t give a damn about my 100 000$ assets project) but got approved at TD Canada Trust. This meaning that if you are getting refuse at some place, doesn’t mean you will automatically get refused at another place. My best advice: go for it and let it go! That’s the advice I am following myself.

At this point, the situation is pathetic, but I don’t want to sell, it’s my own fault. Just because of a revenge plan I have in the back of my head, spinning lol. Being rich is not as easy as it look like.

I could make a happy living on 1 000$ per month living on dividend

Living on dividend is possible. 1 000$ is not that much of money needed. Only 12 000$ in dividend earning is needed. But before getting into it, I will need to clear off all debts, have extra cash available as an emergency funds (I was thinking of 20 000$) and, of course, reach 12 000$ in annual dividend income. I won’t be able to achieve this in the upcoming year, but what about 3 or 4 years from now? It could work out, but still a lot of work ahead.

Friday, April 16, 2010

Building financial wealth one investment at a time

Early this morning before going to wok, I had placed my order to purchase 200 units of Consumers’ Waterheater Income Fund (CWI.UN). I place the price limit at 5.30$. My order went through at the opening, which was 5.27$. Consumers’ Waterheater Income Fund (CWI.UN) close the day at 5.22$. I had Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio before, but in the TFSA. Now, I also hold Consumers’ Waterheater Income Fund (CWI.UN) in the non registered part of my portfolio.

Investing in the stock market is really addictive. I could have leaved the money on my credit line, it would had made more sense, but I just couldn’t. I invested in 200 units of Consumers’ Waterheater Income Fund (CWI.UN) because I wanted to do something out of this 1 000$. At the end, I currently have 265$ in emergency fund lol. I can say that right now, I am living paycheck to paycheck. It’s a personal choice. I really want to hit the 100 000.00$ in assets by 2010. It’s just something I had in mind for a couple of months now, even before my BMO Bank of Montreal adventure. Being laid off of BMO Bank of Montreal didn’t change anything. I still can invest and build a future financial wealth even after being laid off of BMO Bank of Montreal. And the future is here… or close by.

Ok, so currently, my non registered portfolio is at 48 675.30$. This being after, of course, my newest investment of 1 048$ in the Consumers’ Waterheater Income Fund (CWI.UN). Yeah!

48 675.30$ - 1 048$ = 47 627.30$

47 627.30$ is the value of my non registered portfolio where it was before adding on 200 units of CWI.UN. 47 627.30$ represent a lost of 537.47$ compare to April 5. Back than, I was at an outstanding, almost perfect 48 164.77$. Loosing 537.46$ is not a drastic lost. The value of my investments will go up again, its just a matter of time. I like it very much when everything goes up. But when it goes down, it goes down.

Oh, and I almost forgot: Welcome again, Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio!

Another investment, another step forward to My First 100 000.00$.

Thursday, April 15, 2010

I had received Premium Brands Holdings Corporation (PBH) and Yellow Pages Income Fund (YLO.UN) dividend

Today, I had received 58.80$ from Premium Brands Holdings Corporation (PBH) and 28.88$ from Yellow Pages Income Fund (YLO.UN) in dividend income. I have received the money in cash in my broker account. Really soon, the cash will transform itself in stocks and units. I should receive 4 new Yellow Pages Income Fund and 4 new stocks of Premium Brands Holdings Corporation (PBH). I just love the DRIP system. We are talking here about just a few stocks and units, but that’s enough to make me happy.

And what about a new investment?

I didn’t apply online to a credit card increase at TD yet. I had been quite busy with my late blog domain address and other thing. I supposed to receive a return from the federal government. I should received around 130$ if I remember. I am in real need of a new pair of running shoes. Just when I promise myself that I will exercise more, my present shoes begin to hurt my feet… Always an excuse for sitting in front of my computer and just blog and write on HubPages!

The paycheck I received today bring my checking account to 1 265$. I make a deposit of 1 000$ on my TD credit line. With the money I have available on my credit line (1 092$), I am tempted to do another investment… I know, I should keep some money aside, but I just cannot help it, I really want to do something out of that money. 1 092$ is not that much of money. But there are still possibilities:

100 units of Claymore Gold Bullion ETF (CGL) at 10.49$ for a total of 1 049 $ + T D Waterhouse too high commission fee of 29$ = 1 078$

or

200 units of The Consumers’ Waterheater Income Fund (CWI.UN) at 5.27$ for a total of 1 054$ + once again, T D Waterhouse too high commission fee of 29$ = 1 083$

And not too forget, 200 new units of The Consumers’ Waterheater Income Fund (CWI.UN) in our investment portfolio will bring an extra: something call dividend!
0.65 cents per unit for 200 units of Consumers’ Waterheater Income Fund = 130$.

So guess what, we go for The Consumers’ Waterheater Income Fund (CWI.UN). Yeah!

And what about our dividend income? Wonder what it would look like now?

From our non registered investment portfolio:
Sprott Inc. (SII): 512 stocks x 0.16$ = 81.92$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 105 stocks x 1.12$ = 117.60$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 726 stocks x 1.44$ =
1 045.44 $
Yellow Pages Income Fund (YLO.UN): 433 units x 0.804$ = 348.13$
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): 306 units x 1.152$ = 352.51$
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$
+ our new comer in our non registered investment portfolio:
The Consumers’ Waterheater Income Fund (CWI.UN): 200 units x 0.65$ = 130$
TOTAL: 3 843.78$

From our Tax-free savings account (TFSA) portfolio:
Consumers’ Waterheater Income Fund (CWI.UN): 200 units x 0.65$ = 130$
TOTAL: 130$

From our RSP portfolio:
EnCana Corporation (ECA): 100 stocks x 0.80$ = 80$
Emera Incorporated (EMA): 200 stocks x 1.132$ = 226.40$
TOTAL: 306.40$

3 843.78$ + 130$ + 306.40$ = 4 280.18$ + 100$ from DRIP = 4 380.18$

4 380.18$ / 12 months = 365.02$

365.02$ x 10 months (April-December 2010) = 3 650.20$

87 796.12$ + 3 650.20$ = 91 446.32$ + 9 000$ (1 000$ in savings per month for the next 9 months, May-December 2010 period, as we already contributed our 1 000$ for April)
= 100 446.32$

$$$
The plan is going to work! Maybe, maybe not, but the possibility is there. Right there.

Wednesday, April 14, 2010

Domain address problem among other

In the past 2 days, I had a problem with my blog. I taught I was having one major problem when I saw a cover under my Web page. My blog was no longer showing up. Instead of the content of my blog was showing the picture of a girl, smiling, and in title: Welcome to myfirst50000.com… Nice, but that wasn’t my blog! What happen is that I just forget to renew my domain address purchase. Once I make the payment for my address domain, my blog was back and running. I stay up all night Monday to resolve the issue. I didn’t understand what was going on. I change my template; delete about 3 recent posts…. But the issue happens to be a domain address renewal problem. I delete some posts that I had some comments on… Thinking it could be the issue. I had one comment left by someone living in Singapore and working at achieving financial freedom just like me… That one had been deleted too. And I no longer have my browser history because I deleted it on a daily basis… Too bad because I wanted to comment on his blog and now I lost track of it…

Now that back on track and that my domain address is now fully paid off lol, I can say, the past couple days haven’t been too good for my portfolio. My non registered stocks and units investment portfolio is at 47 700.52$, down of 464.25$ compare to April 5. It goes up and down… Of course, I just hate it when it goes down. But what went wrong? Why that par of my investment portfolio decreased of 464.25$? A few things actually happen. First, Sprott Inc. (SII) is at less than 4$ per stock. Sprott Inc. (SII) close the day at 3.90$, a lost of 56.55$ compare to April 5. Also, Just Energy Income Fund (JE.UN), our super Energy close the day at 13.61$, a lost of 385.74$ (!!!) compare to what my same investment in Energy worth on April 5… Those were the 2 major problems in my portfolio. Loosing money is never fun but I am confident those investments will go up again. For Sprott Inc. (SII) in the last couple of days, I saw Sprott going at less than 4$, going up… and down… And now its still down. But it will go up again, just a matter of time. As for Just Energy Income Fund (JE.UN), with the spring season, not too much gas is needed. I think its the Spring effect. Just Energy Income Fund (JE.UN) will probably keep its dividend the same. While loosing money in the investment, I can still rely on the dividend income.

But we experiment good gain today in some investment, but it wasn’t enough to keep the non registered portfolio at its outstanding 48 164.77$. I say outstanding because it was quite something to see more than 48 000$ worth in my non registered portfolio. Anyhow, we will again – some day lol – have 48 164.77$ in our portfolio…

Good gain with Davis + Henderson Income Fund (DHF.UN) today who close at 18.23$, a gain of 54$ compare to April 5. Also great stuff going on with Bank of Nova Scotia (BNS) who close at 51.51$, which represent a gain of 117.60$ compare to April 5. The amazing Yellow Pages Income Fund (YLO.UN) close today at 6.41$, a gain of 64.95$ compare to April 5 always. The Enbridge Income Fund (ENF.UN) of Derek Foster close today at 13.35$. The gain? 97.92$! Another one from Derek Foster, Corby Distilleries Limited (CDL.A) close at 15.55$, a gain… of 10$ lol. Little gain being better than loosing money of course. At the end, everything kind of balance. That’s why its important to diversify a portfolio! Yes, money had been lost, but it will eventually recover, especially with Just Energy Income Fund (JE.UN).

I had been investing in stocks for 2 years now, but dealing with the ups and downs of the TSX still frightening. So what am I doing there? I am too use to it now, I couldn’t live without this kind of excitement, making money, loosing money, you know, that kind of thing. My latest investments were good one. I do not stress, I just want everything to be UP. And all the time whenever it’s possible. It’s not the case right now, we’ll see how it goes.

Sunday, April 11, 2010

I am a Neo-Brunswicker in power

Another weekend is over. My work weekdays schedule had been mixed up again this week but I am able to do the hours, just very inconvenient for me not to have my regular schedule. I was going to update my investment portfolio, but felt kind of tired and I am leaving things the way they are right now. The gains are good, but not significant enough to make a drastic change. And I do not hold 1 000$ in cash for now anyway, so all the one hour and a half work doesn’t worth it. But I notice really good gain. I still continue to believe that we are on the road to recovery.

I had been really right about the Sprott Canadian Equity Fund! My investment in the Sprott Canadian Equity Fund now worth 5 414.39$, an increase of 254.39$ compare to what we had on date of April 5. YEAH! And way to go Claymore! My fabulous Claymore Gold Bullion ETF (CGL) closed this last Friday at 10.44$. Remember that I had purchased 200 units at 10.16$? Hello wealthy profit! Since I hold Claymore Gold Bullion ETF (CGL), I saw the value of my gold bullions going up and down like a roller coster… But I am ready for the ride, that’s being part of the game. Also, I have to mention Yellow Pages Income Fund (YLO.UN), now at a fantastic 6.51$ per unit! Very awesome. I can easily imagine YLO.UN at 7$ per unit and it happen, my initial investment would than worth 3 031$, for a profit of 782.73! The fantastic CDL.A is now at 15.40$ when I had purchased 100 stocks at 15.30$ and so on…

The portfolio is relatively stable but just 2 deceptions: Just Energy Income Fund (JE.UN) who is at 14.10$ and Sprott Inc. (SII) at less than 4$, at 3.91$. I dislike seeing Sprott Inc. (SII) at less than 4$. But if the Sprott Canadian Equity Fund continues to well perform, this fund plus other Sprott mutual funds, Sprott Inc. (SII) value will rise. I think the stock market crash really affected Sprott. It had a bad effect on the Sprott Canadian Equity Fund as I explain previously and also on Sprott Inc. (SII) itself. If investors can remain confident as I am lol and invest their money in Sprott well, the situation will definitely get better. Investors had to invest. That’s very all. And I think that when it comes to investing, I did more than I could do. I did my part to save this economy, now its time for other to do their parts. Because its really like this, we all our parts, we all have a role to play in making things better, even if it’s a small role. But small roles can be rewarding and I like being a small players standing behind or between lol bigger players. It’s giving a sense of humanity to investment. And its really all what it is about. At least for me. And that’s basically what I mean when I say that I am a Neo-Brunswicker in power. In need of electricity lol...

Recent dividends: Sprott Inc. (SII) and Just Energy Income Fund (JE.UN)

Anyhow, I had receive 20.28$ in dividend from Sprott Inc. (SII) and 43.71$ from Just Energy Income Fund (JE.UN). All of those marvelous dividends had DRIP of course and had provided me extra stocks and units. Might seem like ridiculous sums of money, ridiculous investments all so extra diversify. But one day, those little sums of money and little roll over and so on will make me a very rich girl. Actually, when I went to TD Canada Trust for my 10 000$ RRSP credit line request this last March I think it was, after showing my assets (what you see in the right column) to the representative, I told him proudly: I am rich.

I never said it loudly before but the first time I ever said “I am rich” was at a TD Canada Trust branch in Montreal and funnily, the rep agree with me. So I had deal with someone really intelligent at TD Canada Trust and I got the loan I wanted. That’s how I do business, by letting other know that I am rich. I may hold around 36 000$ and something in debts. However, I am still rich and the rep at TD Canada Trust agreed with me so I am going to say it again: I AM RICH. Dealing with money is that just easy. Just need to come from New Brunswick to have a taste of it. That’s all.

Wednesday, April 7, 2010

More about my laid off from BMO Bank of Montreal

A lot of things had been going on lately… our lay off from our late job, our loan refusal from Bank of Scotia (BNS)… among other lol. But no matter what’s happening and how bad things are, I still find a way to manage. And I have to say, I am quite impress with myself.

I had my taxes declaration completed. My 10 500$ RRSP contribution had been quite helpful. I got a return of 134$ from the federal government. I own Quebec province 466$. It could have been worse since our total income for 2009 had been of more than 40 000$. And next week, it’s going to be worst for Quebec taxes. I don’t mind paying taxes, but the quality of health cares in Quebec is so low, I am basically paying for nothing at all. In more than 3 years living in Quebec, I never had the chance to benefit from Quebec health system. I never had been able to get my annual check-up done. I may have high blood pressure or cholesterol, or anything else. Who knows? I am in a good health condition, but it would be important to see a doctor at least once a year. I am in my late twenties now. Anyhow, I had experiment the Quebec system long enough to say that paying taxes in Quebec doesn’t worth it. Paying a high fee for rent, utilities don’t worth it either. Life in Quebec doesn’t worth it.

The job market is kind of close to new comers in Quebec and as a New Brunswicker, I never had the chance to have a real good job. Government jobs and Radio-Canada jobs are being offering to friends of people who already work for those organizations. While being at Second Cup coffee shop on Mont-Royal, I heard a girl saying that she just got a good administration job at Radio-Canada after being refer by a friend of hers who was working at Radio-Canada. In Quebec society, to have a job, you need to be referred by someone. I do not work in that system and I don’t want to get involve in it. This is what Quebec society is all about: hypocrisies.

I had been really bad treated by my ex-employer BMO Bank of Montreal. I had been laid off after only 3 months of try out, juts before the RSP season and after being giving a 5 000$ credit line and a 4 000$ credit card. I had a 6 months tried out period, but on that 6 months try out period I had been only giving 3 months. After providing several references, background check, involving a criminal check, after getting involve in a 6 weeks training, reading materials, after accepting a crazy schedule of 6 pm to 2 am in the morning at the call center of Montreal, I got laid off of BMO Bank of Montreal after only 3 months. Is that fair? I would have deserved my chance and they could have wait until the ending of the RSP season. But no. This is how it went to me and from now on, BMO Bank of Montreal will have to live with its regret. One of my late colleague had been laid off from BMO Bank of Montreal at the really end of the integration process. We were so not well train that we had questions every call or so that we were taking. It is not normal to have so many questions at the end of a 6 weeks training, training which at the end you are suppose to be ready to take calls. That why I find my laid off from BMO Bank of Montreal.

One day, if not by the end of 2010, I will reach the 100 000.00$ in assets and when it will happen, I will dedicate this achievement to those ***, BMO Bank of Montreal. Thank you for reading.

Monday, April 5, 2010

My stock investment portfolio in date of April 1, 2010

Savings:
1 002.69$

Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 967.16$
Timminco (TIM): 160$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 339.25$
Hanwei Energy Services (HE): 117$
Methanex Corporation (MX): 2 632.68$
Fortis (FTS): 3 043.95$
Pembina Pipeline Income Fund (PIF.UN): 7 244.02$
Just Energy Income Fund (JE.UN): 10 295.52$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 688.93$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 544$
Pengrowth Energy Trust (PGF.UN): 1 266.70$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 525$
Davis + Henderson Income Fund (DHF.UN): 1 796$
Premium Brands Holdings Corporation (PBH): 2 878$

TOTAL: 47 991.39$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 759$
The Consumers’ Waterheater Income Fund (CWI.UN):
1 032$
Sprott Canadian Equity Fund: 5 089.92$
Cash: 21.69$

TOTAL: 8 902.61$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 034$
EnCana Corporation (ECA): 3 199$
Emera Incorporated (EMA): 4 912$
Cash: 259.15$

CIBC Dividend Growth Fund: 505.21$
CIBC Emerging Markets Index Fund: 446.54$
CIBC Monthly Income Fund: 973.09$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 110.37$
TD Monthly Income: 102.13$
TD Emerging Markets: 81.37$
TD Energy: 83.04$
TD Precious Metals: 102.87$
TD Latin American Growth: 96.16$
TD Entertainment & Communications: 104.93$
TD Dividend Growth: 202.65$
TD U.S. Mid-Cap Growth: 100.25$

Maritime Life International Equity Fund
(Templeton): 643.10$
Manulife Simplicity Growth Portfolio: 864.39$
Maritime Life CI Harbour Seg Fund: 1 016.72$
Maritime Life Fidelity True North Seg Fund: 972.40$
Maritime Life Trimark Europlus Seg Fund: 607.28$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 513.48$
RBC U.S. Mid-Cap Equity Fund C$: 1 819.97$
RBC Global Resources Fund: 940.15$
RBC O’Shaughnessy International Equity Fund:
599.59$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 027.27$

GIC Canadian Market:
1 000$

TOTAL: 29 254.35$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income (100.68$):
87 291.72$
[In date of April 1, 2010]

Sunday, April 4, 2010

Little gain by little gain: on the road to financial recovery

I finish work at 6pm and went for a walk after. The weather was so nice in Montreal this evening; a nice spring wind was in the air. Just last week, I was freezing to death, and tonight, well, tonight was really enjoying spring night. I couldn’t stop walking, feeling the nice wind in my hair. I went to Park Lafontaine, than continue walking downtown, went down to Radio-Canada tower. I continue my walk to the Old Montreal, went back downtown, all the way from St-Catherine Musique Plus to the Chapter, where I finish the evening and than I took the metro to come back home. Nice evening today I hope for another beautiful day for tomorrow. While walking, I had plenty of time to think. And I decide it could worth it to search for another job. Want to know why?

Well, I want to recover from my bad investments made in Timminco (TIM), Sprott Inc. (SII), and the other like HE, DNI, BNT and Sprott Canadian Equity Fund. I lost around 7 000$ in bad investment. I went through the calculation of those loses previously. I had learned from my investment mistakes. But now that I learn, I would very much to gain an extra 7 000$ in income in order to catch up. I would invest the money in a solid company like Enbridge (ENB) (hold by Derek Foster by the way lol). I always had great regrets when it comes to the bad investment choices I made in the early beginning when I decide to invest. If only I would have stick to Derek Foster portfolio, I wouldn’t be here today, thinking about how to recover. Yes I have more than 50 000$ worth in net value (after 2010 dividend earnings) but I know that I can achieve much more than that.

If I can have 2 000$ per month to invest, I would be able to reach the 100 000$ in assets in 6 months from now. By the end of 2010, I could exceed the 100 000$ in assets.

Another reason for my motivation is that some of my mutual funds investments are now at the same level that they were before the stock crash of 2008. So this mean that we’ll soon get back to the point where our mutual funds investments – mostly concentrated in our RSP portfolio will provide us a positive return. In the last couple of months, we lost some money in our mutual funds. At a point, I asked myself if it wouldn’t be better to just have the money sleeping in a saving account. But that taught never last for long. It’s just the recovery period had been extremely long for me, like I couldn’t see the end of it.

Heres some examples of what I am trying to explain:

The investment: CIBC Dividend Growth Fund
Initial investment value: 500$
When the investment was made? January 2007
My lowest point that I recorded was in August 2009. In August 2009, my investment in the CIBC Dividend Growth Fund only worth 465.98$.
What does it worth now? 505.21$ in date of April 1, 2010. Since January 2007, in 3 years of investment, I earn 5.21$ in profit from the CIBC Dividend Growth Fund. This is showing how tough the road had been. But as you can see, since we mark a gain with this investment, we can say that the stock market is on the road for a recovery. Personally speaking, this also mean for me that the CIBC Dividend Growth Fund is a pretty good fund, because we didn’t lost our initial capital, which was 500$.

We don’t have many examples like this one in our portfolio. But here is another one:

The investment: RBC Canadian Dividend Fund
Initial investment value: 500$
When the investment was made? January 2008
My lowest point that I recorded was in August 2009 also, when the investment in RBC Canadian Dividend Fund only worth 466.22$.
What does it worth it now? 513.48$. That being again on date of April 1, 2010. Since January 2008, I made 13.48$ from the RBC Canadian Dividend Fund… 13.48$ in 2 years of investment. I am being quite sarcastic, but once again, the RBC Canadian Dividend Fund had been strong enough to recover from the loses experiment in August 2009. The RBC Canadian Dividend Fund, just like the CIBC Dividend Growth Fund, is a very powerful, extraordinary investment if you want my point of view. Reason being that the investment save the value of our initial capital invested which was, in both cases, 500$.

This is one of the reasons why it is extremely important to diversify your investment portfolio. A portfolio will never be too much diversified.

And I like my portfolio! Forgive my craziness to have this very messy portfolio. The money is all over the place, in different investment products. You can name them all, I have them all (or almost): GIC, mutual funds, stocks, units, segregated funds, cash… I have all that :) Not now but on the long run, we should be able to generate good gain by this diversification. That’s one of the reasons why we have to get a third job. Is that understandable?

lol….

As you can see, the spring wind wasn’t only beneficial to my hair, but it was also beneficial to my little brain.

So I am hoping to see this kind of recovery for all of my mutual funds. I had worked hard at trying to pick the best funds and I am looking forward to recover from my mutual funds loses and also make money from those same investments. If we calculated the gain made by the recovery + our dividend earning + the current value of our assets; that really begin to make some serious awesome cash. This is getting way too hot.

So guess I will be job searching really really soon.

Thursday, April 1, 2010

I am now at 87 291.72$

Interesting gain earns by the TSX today, but the gains aren’t showing up in my non registered stocks and units portfolio! I think its one of the first time this is ever happening to me, that my portfolio is not following the gain of the TSX. Our non registered stocks and units investment portfolio is now at 47 991.39$, a lost of a 311.47$ compare to March 29! A couple of things are going really wrong! Sprott Inc. (SII) is falling… under 4$! Timminco (TIM) is falling… under 1$! Hanwei Energy Services (HE) is falling… under 40 cents! Those are the major issues in our investment portfolio. If only the Sprott Canadian Equity Fund could performed better, it could bring Sprott Inc. (SII) to up to 5$ per stock. Sprott Canadian Equity Fund is doing better, but the fund is not doing better than following the gains of the TSX. At a management fee of 2.5% per year, I am expecting much more coming from the Sprott Canadian Equity Fund. High management fee but poor return. That’s what I had experiment with the Sprott Canadian Equity Fund so far.

Other than some loses and poor results with some so call investment, we experiment some positive gains today, but the gains were not enough to cover the loses, so we finish the day at -311.47$. PGF.UN continue its journey and will probably reach the 12$ per unit very soon. DHF.UN seem to be pretty close to the 18$ per unit. BNS will probably reach 51$ per stock very soon… Some great things are going on in our portfolio. Growing like a pretty little garden.

Our registered investment portfolio (RSP) had done very well, an increase of 110$ compare to March 29. Our mutual funds also earned interesting gain. Since I received a paycheck from my second job today, I add an extra 300$ to my savings section, for a total of 1 002.69$. Without that extra 300$ in savings, I would have been at 86 991.72$... But we have some savings so we now have 87 291.72$ in assets. Not bad isn’t?

My stock investment portfolio in date of March 29, 2010

Savings:
2.69$ (ING Direct)
700$ (regular savings)

TOTAL: 702.69$

Non registered Investments:
Stocks & Units investment portfolio

Sprott Inc. (SII): 2 073.63$
Timminco (TIM): 172$
Blue Note Mining (BNT): 42$
Bank of Nova Scotia (BNS): 5 364.45$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 2 666.67$
Fortis (FTS): 3 047.10$
Pembina Pipeline Income Fund (PIF.UN): 7 165.55$
Just Energy Income Fund (JE.UN): 10 338.90$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 693.26$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 573$
Pengrowth Energy Trust (PGF.UN): 1 230.66$
Enbridge Income Fund (ENF.UN): 4 112.64$
Corby Distilleries Limited (CDL.A): 1 543$
Davis + Henderson Income Fund (DHF.UN): 1 760$
Premium Brands Holdings Corporation (PBH): 2 934$

TOTAL: 48 302.86$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 748.03$
The Consumers’ Waterheater Income Fund (CWI.UN):
1 044$
Sprott Canadian Equity Fund: 5 025.03$
Cash: 21.69$

TOTAL: 8 838.75$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 008$
EnCana Corporation (ECA): 3 099$
Emera Incorporated (EMA): 4 928$
Cash: 259.15$

CIBC Dividend Growth Fund: 504.59$
CIBC Emerging Markets Index Fund: 445.78$
CIBC Monthly Income Fund: 975.09$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.29$
TD Monthly Income: 101.62$
TD Emerging Markets: 80.61$
TD Energy: 80.47$
TD Precious Metals: 101.53$
TD Latin American Growth: 94.54$
TD Entertainment & Communications: 105.29$
TD Dividend Growth: 200.72$
TD U.S. Mid-Cap Growth: 100.72$

Maritime Life International Equity Fund
(Templeton): 644.76$
Manulife Simplicity Growth Portfolio: 865.48$
Maritime Life CI Harbour Seg Fund: 1 016.87$
Maritime Life Fidelity True North Seg Fund: 965.41$
Maritime Life Trimark Europlus Seg Fund: 608.03$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 511.73$
RBC U.S. Mid-Cap Equity Fund C$: 1 826$
RBC Global Resources Fund: 912.68$
RBC O’Shaughnessy International Equity Fund:
597.59$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 020.96$

GIC Canadian Market: 1 000$

TOTALBold: 29 103.15$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income (99.68$):
87 087.13$
[In date of March 29, 2010]
 

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