Rob Carrick new sexy darling: Richardson Packaging Income Fund (RPI.UN)

I just read Susan Brunner post about Atlantic Power Corporation. Its not the first time she's written about this company. Its quite fascinating to know that this company its not earning any money, but they pay out a huge amount only to support their dividend distribution. I used to have Atlantic Power Corporation in my portfolio. That was back in 2011. I recently sell ATP, a few days ago. And I am very happy that I did. Since I sell my shares of ATP, I just continue watching the stock going up and down. But now, I must say that I am very very sure I did the right move.

Friday was pay day but after rent, student loan and banking fees, I only have left a tin cuty little $425. And my mom is visiting me for Easter so its kind of pretty sure that I will be spending a bit of money... Spring is slowly coming. It a major deception to see that snow on Montreal while we didn't have any left. I am not a winter fan.

Rob Carrick is slowly getting better at what he does. After the boring usual financial articles, he now decided to feed us with some better stuff. Ok, just read this: "A small-cap stock with a large-cap dividend"... I know, it is hard to believe that something soooo cooollll is coming from  the pen of Rob Carrick. It change from the usual boring blabla about should I invest in real estate and other even more boring stuff. In a middle class situation, you need to be a complete moron to buy in a city. And if you buy now in Montreal, its mean you are much more than a moron.

For once, Rob Carrick have it all and he finally understood that the blablabla about real estate and retirement is simply of no interest at all. Carrick hot new dividend stock is: Richardson Packaging Income Fund (RPI.UN). The fund pay something like a 8% dividend yield. After I had sold ATP, I need to restructure my portfolio and finally get organize. Currently, my projected annual dividend income for 2013, without counting RRSP, is of $7 288.87. I taught it was going to lot less, like of the like of 6 500... CATASTROPHIC. But no, I am at $7 288.87 ($607.41 annually). My monthly rent is at $610 per month, so I almost almost able to cover my rent. $610 is quite a bunch of money just for rent. I could spend less in rent, but I will have to move and I probably will have to take the metro everyday to go to work, another $80 expense. 

I am thinking of investing a 1k in Richardson Packaging Income Fund (RPI.UN) inside my TFSA. That way, I will be back on where I used to be in term of dividend earnings, and the equivalent of my monthly rent will be pay. RPI.UN is cheap and its value is always around the $10 per unit. This is not a fabulous grow stock, but the company is interesting for its dividend and stability in the value. I wouldn't recommend to invest thousands in this one, but a 1k would just do the thing, a mini dividend juicy boost.

I previously chat a bit about Telus Corporation (T). I am thinking of adding that one to my RRSP. I have a 4k in cash inside my RRSP. Investing a 2k in Telus would just do the thing. I used to also have my eyes on BEP.UN, but I prefer to buy it at a lower price. This title is quite volatile and it doesn't really worth it to buy BEP.UN on top of its game. As for Telus Corp, I don't have any problem at buying at anytime.

I am just surprise at my abilities to deal with hell and still be able to pop it like heaven in term of dividend. My hell been with ATP and its now completely offer. Or almost. I enroll in a class law suite against ATP with a New York Firm, Levi & Korsinsky. I hope to get my hands on a few hundreds with that one. I don't mind if it take 2, 3, 4 or 5 years because I haven't lost my skirt on that one, but $1 900.

Losing a 2k or so on a stock didn't got me down to the ground. I actually felt much much better once ATP was out of my portfolio. Fact is, I can declared that amount (2k) as a capital loss. And currently, my non-registered is at $121 536.97, +0.79$, +$958.22. Since the economy is getting better in the States, I think my portfolio could gain, I hope, something like 5% by the end of the year if I continue doing smart investing moves and stop gambling with my money. Its pretty much achievable. Just like earning a 8k in annual dividend. I am just missing $643.49 ($53.62). Almost there.