About the CIBC Emerging Markets Index Fund

I had invested 500$ at the end of January and ever since them, I just keep making money on that fund. At the date of January 22, I had 501.75$; January 23: 502.38$; January 28: 518.22$; February 1st: 505.94$; and February 15: 523.54$. In less than 2 months, I made 23.54$ with the fund, which is very good, considering the market crisis we are currently on.

Things are not so bad, but I still didn’t recover from the money lost in January. I had lost the amount of the initial investment for many funds.

I just keep thinking of what would have happen if only I could have invest about 10 000$ or more in the CIBC Emerging Markets Index Fund, instead of 500$. I would have made 470.20$. And than I keep thinking of why didn’t I invest more…. One thing I would like to do is to invest 10 000$ a little bit around, keep the money in the fund for the minimal period without getting any penalties, which is I believe 60 or 90 days, but I will have to verify that, and than, as soon as I begin to make money in the fund, sale my parts, all of them, and continue like that to invest for short period only… If I want to invest that way, I know I will probably tell to buy stocks and sell them whenever I want, but I still prefer mutual funds at this time.

When it will get to point where I will notice I have a lot of money, which will probably be when I will reach my first 50 000$, I than probably buy my first stocks. I don’t know how to proceed to buy and sell stocks.

I place a total of 2 500$ for my RRSP so far

And I have another 2 500$ to place. I still wonder where I am going to place the money, but I still time. I wanted to do everything yesterday and today regarding my RRSP investment for 2007, but let's say I have done what I could for now. All those things have exhausted me, plus, I went to a job interview (for a second job).

So yesterday, I had an appointment at CIBC. I went there, the representative was cool, and he was ok to give me what I wanted. I invest 1 000$ in the CIBC Monthly Income Fund for my RRSP. I also invest 500$ in the CIBC Dividend Fund (non RRSP) and also 500$ in the CIBC Emerging Markets Index Fund (non RRSP). I haven't invested in mutual funds since a while now, and I just wanted to put some money somewhere, even if I know what's going right now in the US and everything.

So far, for my RRSP, I have invested in, yes, mutual funds, but also in GICs. Since my situation is not very stable and, let say it, that I don't have a good situation, no pension plan coming from any employers, etc.... I decided to invest in some GIC. But knowing that I have both RRSP and non RRSP investment, it won't hurt that much I believe to put money in a save place, like RRSP. Dividend funds and Monthly Income Fund are pretty save too.

So today, I went to the RBC, have buy 1 000$ in a GIC, 3 years, Canadian market and 500$ in RBC Dividend, both for my RRSP. I still have a 1 500$ to invest and I don't know yet where to put the money.