Firm Capital Mortgage Investment Corporation (FC) is now offering a 2% discount to its dividend reinvestment plan

I am quite happy this evening as despite the fact that the TSX lost some points, my non-registered portfolio is at 111 585$. Anything exceeding the 100k is quite awesome in the stock market reality that we are in. I received my paycheque today, and despite receiving a couple of hundreds in fresh cash, well, I don’t have any investment plan for it. This is the first time ever I am not investing while having access to some real cold cash. I made a deposit and took 600$ to pay off my credit card. I know! 600$!!! I had spent money on a new pair of glasses, among other. My expenses will be much lower next month.

2011 had been an adventurous year where I invested in all kind of stocks. My dividend income for 2011 will probably be of 7k. It will probably be the same for 2012 if not getting excited by new investment. But a 7k in very good, no need to push it too hard at this time. Especially while being close to 90k in debt. Slowly but certainly, those debt are going to be paid off. It’s not anytime soon that I will be able to live from my dividend income anyway.

I wrote about this in a comment, but I am totally against cancelling my DRIP to use the dividend money earned to pay off debt. Fact is, some companies like JE and FC are offering an interesting discount.

This Firm Capital Mortgage Investment Corporation (FC) is a Gordon Pape investment. Recently, FC came with this great move: the company is now offering a 2% discount to its dividend reinvestment plan. Cool! I am now getting a discount with Firm Capital Mortgage Investment Corporation (FC).