Margin broker account of TD Waterhouse and Louis Vuitton purses

My margin account is now open at TD Waterhouse!

Ok, this is what I had been talking over and over again. It created a real mess in my broker account but now it’s there: my margin account. My non registered Canadian account had a portfolio value of 72 232.12$. My margin value is at 43 653.66$, which represent a 60% value of my non registered portfolio. Which mean that I have 43 653.66$ available to do whatever I want: purchase designer clothes, I am finally going to get that Louis Vuitton purse I wanted for so long, I am going to fly my way to New York for the New Year Eve. All of the stuff I always wanted to do, I am going to do them all using my margin money.

Nanana. This is a joke of course. I never dream of wearing designer clothes, I don’t especially like Louis Vuitton bag and when it come to New Year Eve, Montreal is as good as New York. When it comes to living, I am happy the way I am. What I really want to do however is use that margin money to pay off my 8.75% credit line of 5 000$ that I hold with TD Canada Trust. Also, I really want to invest in the Horizons Gold Yield Fund (HGY.UN), which is currently under public offering. This will be a transaction value of 2 000$. I just hope it’s not too late to get involved in the public offering of Horizons Gold Yield Fund (HGY.UN). I was told I have until December 17. Anyhow, I couldn’t make it any faster so if it have to happen it will and if not, well, it will be a bye-bye Horizons Gold Yield Fund (HGY.UN).

I had been busy and my only regret is not having taken it off today. My place is in real need of an in deep clean and I have laundry that need to be made. Anyone want to volunteer? I wasn’t working at my weekend job today, so I had that bright idea to go do some extra hours at my daytime job since I had been cut a couple of hours on Wednesday. I wake up quite late, went there later on in the afternoon and did a close 8 hours shift. At the end of the shift, I realize I had lost my locker keys... I look for them everywhere, finally find them (thank you GOD)... Because gees, if I wouldn’t find my keys, my laptop would had stayed in my locker! But it didn’t happen.

I will be careful with my margin and at this time, I just plan to use 16% of the margin money available. This 7 000$ loan on my margin account is pretty reasonable and this will be how it will be until the end of December. Other than that Horizons Gold Yield Fund (HGY.UN) investment, I don’t plan to do any more investment for 2010.  

Overall, 2010 had been a good year for my investments. As for the rest, that’s another story.