Its lower than on date of April 23, 2010, but April had been an extraordinary month for my investment portfolio!
Back on April 23, 2010, I was at a fantastic 89 157.88$ and currently, on date of May 1, 2010, I am at 88 632.24$, which represent a lost of 525.54$. Not too bad, but it could be worst, I guess. I had calculate 600$ in saving. I currently have more than 1 000$ in my saving account, but I only add 600$. The money I currently have is to pay my expenses for the month of May. My next paycheck should be of 600$, so I only add on 600$ in savings. I have chances to reach 90 000$ in assets during the month of June… 100 new stocks of Corby Distilleries Limited (CDL.A), that will be my next investment in June. So Corby Distilleries Limited (CDL.A), be ready, I am coming for more lol… I currently hold 100 stocks of the marvelous CDL.A. I am just very happy with Corby Distilleries Limited (CDL.A). Very stable investment, just what I need in my portfolio at this time to hit the 90 000$ in assets. Is this begging to be out of control? No, it’s just getting better!
My first month without a metro pass
For the month of May, I decide not to purchase any metro pass… My weekend job is pretty close to where I live, but not my daytime job. I am giving myself 45 minutes of walking. I could use a bike, but for my own safety, I won’t use a bike downtown Montreal, I just find it too dangerous, traveling on a bike in the city. I am curious to see how it will goes. But it’s the only way I am going to get a daily exercise…
Hello dividend!
The month of April end on a dividend happy note.
So far for 2010, I am close to the 1 000$ in dividend income. I recently received 24.17$ of Bell Aliant Regional Communications Income Fund (BA.UN), 15.33$ of Davis + Henderson Income Fund (DHF.UN) and 10.80$ of The Consumers’ Waterheater Income Fund (CWI.UN). Since I own 400 units of The Consumers’ Waterheater Income Fund, I should have received 21.60$. I guess I am having problem because I just transferred 200 units of CWI.UN over my Tax-free savings account (TFSA). Guess I will have to call T D Waterhouse one more time. I have to call T D Waterhouse anyway because I have 20$ in cash from my TFSA that I want to get transferred into my non registered account. That 20$ will be add to the 142.81$ I have in non registered broker account. That way, I will be able to make the minimum 150$ payment required on my TD credit line.
Thinking about margin
On the post of April 29, 2010, title “My first 100$ payout from Google AdSense program”, I came across my debts and was suggest by a reader to use margin. According to Dividend Lover, I could use margin to pay off debt, and I could do it at very low interest that may be 3.5%. Wow! That’s a good thing because to tell you the true, I begin to be tired of credit card balance transfer. Just recently, I just complete one of those transfers: 3 000$ at 4.9%. Great, but the interest rate at 4.9% only remains valid for 6 months. From 6 months after 6 months, it’s always the stress to se if another credit card balance transfer will come or not from another credit card I hold. Lately, I had received that 1.9% percent interest rate on credit card balance transfer. Nice, but that one is being offer for 1 year. Does it worth it to apply for another credit card knowing I hold already so many of them? My answer to that is no. I use my credit wisely, but adding another credit card would be just way too much. So the margin solution kind of arrives right on a perfect time. I knew margin existed of course, but I didn’t know that the margin money could be use for another purpose than investing. In this case, I will use margin to pay off some debts, it won’t be use to extend my investment portfolio. I could probably use my margin to the fullest in order to reach my first 100 000.00$ kind of right away, but it won’t be the case. What I like about my investment is that its gradual, nothing come easily, let’s say. But it’s the way I like it the best. I already borrow enough money and, if this portfolio is not perfect, it’s really me and I like it just the way it is. So guess I will inform myself better on margin and see if I like what I heard. I plan to make a down payment each month even if its not require. Pretty exciting things coming ahead.
Back on April 23, 2010, I was at a fantastic 89 157.88$ and currently, on date of May 1, 2010, I am at 88 632.24$, which represent a lost of 525.54$. Not too bad, but it could be worst, I guess. I had calculate 600$ in saving. I currently have more than 1 000$ in my saving account, but I only add 600$. The money I currently have is to pay my expenses for the month of May. My next paycheck should be of 600$, so I only add on 600$ in savings. I have chances to reach 90 000$ in assets during the month of June… 100 new stocks of Corby Distilleries Limited (CDL.A), that will be my next investment in June. So Corby Distilleries Limited (CDL.A), be ready, I am coming for more lol… I currently hold 100 stocks of the marvelous CDL.A. I am just very happy with Corby Distilleries Limited (CDL.A). Very stable investment, just what I need in my portfolio at this time to hit the 90 000$ in assets. Is this begging to be out of control? No, it’s just getting better!
My first month without a metro pass
For the month of May, I decide not to purchase any metro pass… My weekend job is pretty close to where I live, but not my daytime job. I am giving myself 45 minutes of walking. I could use a bike, but for my own safety, I won’t use a bike downtown Montreal, I just find it too dangerous, traveling on a bike in the city. I am curious to see how it will goes. But it’s the only way I am going to get a daily exercise…
Hello dividend!
The month of April end on a dividend happy note.
So far for 2010, I am close to the 1 000$ in dividend income. I recently received 24.17$ of Bell Aliant Regional Communications Income Fund (BA.UN), 15.33$ of Davis + Henderson Income Fund (DHF.UN) and 10.80$ of The Consumers’ Waterheater Income Fund (CWI.UN). Since I own 400 units of The Consumers’ Waterheater Income Fund, I should have received 21.60$. I guess I am having problem because I just transferred 200 units of CWI.UN over my Tax-free savings account (TFSA). Guess I will have to call T D Waterhouse one more time. I have to call T D Waterhouse anyway because I have 20$ in cash from my TFSA that I want to get transferred into my non registered account. That 20$ will be add to the 142.81$ I have in non registered broker account. That way, I will be able to make the minimum 150$ payment required on my TD credit line.
Thinking about margin
On the post of April 29, 2010, title “My first 100$ payout from Google AdSense program”, I came across my debts and was suggest by a reader to use margin. According to Dividend Lover, I could use margin to pay off debt, and I could do it at very low interest that may be 3.5%. Wow! That’s a good thing because to tell you the true, I begin to be tired of credit card balance transfer. Just recently, I just complete one of those transfers: 3 000$ at 4.9%. Great, but the interest rate at 4.9% only remains valid for 6 months. From 6 months after 6 months, it’s always the stress to se if another credit card balance transfer will come or not from another credit card I hold. Lately, I had received that 1.9% percent interest rate on credit card balance transfer. Nice, but that one is being offer for 1 year. Does it worth it to apply for another credit card knowing I hold already so many of them? My answer to that is no. I use my credit wisely, but adding another credit card would be just way too much. So the margin solution kind of arrives right on a perfect time. I knew margin existed of course, but I didn’t know that the margin money could be use for another purpose than investing. In this case, I will use margin to pay off some debts, it won’t be use to extend my investment portfolio. I could probably use my margin to the fullest in order to reach my first 100 000.00$ kind of right away, but it won’t be the case. What I like about my investment is that its gradual, nothing come easily, let’s say. But it’s the way I like it the best. I already borrow enough money and, if this portfolio is not perfect, it’s really me and I like it just the way it is. So guess I will inform myself better on margin and see if I like what I heard. I plan to make a down payment each month even if its not require. Pretty exciting things coming ahead.
Hi Dividendgirl,
ReplyDeleteI love your blog. Here are some
advice for your portfolio
1. Don't use margin, leave that for professionals
2. Payoff any debt with high interest i.e. 8%
3. Slowly moving out of mutual funds, into ETFs and stocks. Most mutual funds in Canada are underpeformed and charging very high fees.
Ray,
Windsor, Ont
Thanks Ray. I find margin interesting at first but the more I learn about it, the more I am scare, its just doesn't feel right. I am looking forward to get some debts paid off, beginning with the highest interest rate is a good start for sure. In my case, its a credit line at 8%. You are also right about your third point.
ReplyDelete