My first vote as a shareholder of Methanex Corporation

I previously vote as a shareholder of Bank of Nova Scotia (BNS) a while ago. Now it’s the turn of Methanex Corporation (MX). Actually, my vote for Bank of Nova Scotia was my first vote as a shareholder. I wasn’t prepared to vote for another company any time soon and I was quite happy to have the opportunity to vote for another company… that I own lol. Most hilarious part is that I had received the voting package… in English lol. Very funny. But I understand English enough to take "clearly" decisions or what I believe will be a good decision.

I didn’t begin the reading of the document yet. I am way too exhausted on what had happen to me lately. I am going to explain it all. But for now, my portfolio is taking form and it’s beginning very interesting to be… an investor lol!! No matter how bad the economic situation is, companies like Bank of Nova Scotia, Fortis, Pengrowth Energy Trust, Livingston International Income Trust, including Methanex Corporation among other, continue to pay dividend to their shareholders. And this thing is real. I had received a little more than 300$ in dividends money and I cannot wait to earn more.

If small investor were doing the same thing as me, we could boost the Canadian economy. But unfortunately, it’s not something I can do by myself alone, me and my little thousands of dollars here and there. But the whole investment thing begins to be more and more interesting. The portfolio I own at a broker now worth an average of 20 000$ in value right now and I expect to see it’s growing over the next couple of months. If only the TSX could reach 15 000 points again, my overall value could reach 75 000$ and maybe even more. And what I like about the stocks market is that there is no discrimination of what so ever. You invest in a company, it give you automatically the right to vote for it, to earn dividend and so own. And nothing is done to stop the process by anyone among the way.

And there’s no more powerful tool than the stocks market. I saw it from my own eyes. In a day, I could had make close to 500$ or so by selling some of my investments. This is fantastic.

Earning New Dividends

I just received new dividend from Livingston International Income Fund (LIV.UN) and Methanex Corporation (MX). I earn one extra stock of LIV.UN and another one of MX. And I earn an extra 14$ in cash to pay off my credit line. I really can pay off the interest of a 5 000$ credit line following Derek Foster strategy as he explains in his latest book Money for Nothing. Now, knowing that, will I be able to follow his strategy regarding optons?

I previously wrote that I began to understand the "options strategy", but really, I find it still difficult. I once call the Options department of TD Waterhouse. I spoke to an Indian I believe. Cute accent, good explanations. But in date of today, I find it still difficult. Would I be able to live from my dividend one day? And no siminar are being offer regarding options in the Montreal area. So what do I do now? :)

Good news

I just got very good news. It was yesterday actually. But yesterday morning, I was so tired; I did not even take time to check who was calling. It was for a job offer – not permanent but occasionally part-time. I got refer by the person in charge of the human resources at was used to be my morning job. I was quite happy. I was finally able to reach the person who had call me just a few hours ago and we will meet tomorrow at 10AM, which is not too early lol. I don’t exactly know what’s the job about, but I will learn more tomorrow. As long as I am getting paid… This is better than today because I am still very exhausted. And the more I sleep, the more I am exhausted lol.

That’s terrific news as the job is located on the same building and I know the place pretty well. I just hope it will turn out ok. Which mean that for now, my weekend job will remain my weekend job. Like for now, it’s very funny because it’s all about jobs, money and socks. And I am running everywhere. I still have my taxes do to. I was thinking do to it by myself with a software, and I had my taxes paper of last year which can help me but I think the best will be just to see someone to do my taxes paper for me and I might go at the same place I went last year. I wouldn’t like to do any mistakes. But I am still thinking on what do to.

And yesterday, I was quite surprised to see Methanex Corporation (MX) to rise at more than 10$ per sock. The situation is not totally desperate :) And Sprott (SII) gone up a bit at 4.60$. If everything can remain relatively the same, it will be nice knowing how much I am working hard to gain money, which mean more money more stocks, if everything can just remain the same, I might be able to purchase more stocks. I was thinking of purchasing more PIF.UN and FTS. I plan to earn +/- 860$ in new dividends by the end of this summer. It’s going to be hot :)

On the special dividend of Sprott Asset Management on April 6th

Special dividend for A SPECIAL LADY.

I just learn the great news a couple of days ago. And I was like WOW! This is what I need. Especially after loosing so much money with Sprott Asset Management (SII). I have the good idea to purchase 500 stocks of Sprott when the price stock was of 10$ or so… lol… And now each unit worth less than 5$. On April 6th, the dividend is supposed to be of 15 cents per share. And since I hold 500 stocks of Sprott, its 75$ I will receive on April 6th, in real cash…. Not Internet money lol. A 75$ just for me.

Will there be a special dividend for my other investments?

And about Internet money, my status for Gomez PEER is still pending… And so far, I didn’t enroll in any other money making online. I just been working like hell and I just don’t have any time left to invest in it. It’s possible to earn some money online, but its take a lot of time and energy to start with at first and right now, I am missing both of those things, time and energy. But sometimes, I wonder if it’s just some laziness of mine. One day, I will wake up, fully determine and I will say to myself: let’s do it, like right now. It’s been a tough week for me. I got a cold and have to buy some medications. I complete a form to have a tax-free account with TD Waterhouse. And here am I, this morning, at my morning job – there was no work. But it was a good week – only for this morning, I wasn’t able to work. And I wasn’t too upset about it – I was feeling tired because of the cold medication.

Knowing I lost so much money in the market, it makes it quite nice and enjoyable to earn a bit here and there from regular and special dividend. Only it’s not possible to DRIP from Sprott Asset Management (and their dividend is super low!). I guess I will transfer the money over my credit line to pay it off a little. I am not really preoccupied by the market volatility, but I am more getting frustrating on dividend cuts. But it worth it to purchase and hold.

I would like to be able to reach 3 000$ in dividend earning by the end of 2009, but I don’t know if it’s another impossible goal to reach of mine. Like I had been working to reach 50 000$ in investment for about… 3 years now lol!

And talking about dividend earnings, let’s calculate them again, for the upcoming year to keep us motivated:

Bank of Nova Scotia (BNS) [1.96$ annual dividend]: 197.96$

Fortis (FTS) [1.04$ annual dividend]: 105.04$

Livingston International Income Fund (LIV.UN) [0.504$ annual dividend]: 50.904$

Methanex Corporation (MX) [0.7975$ annual dividend]: 80.5475$

Sprott Asset Management (SII) [0.10$ annual dividend + 0.15$ special dividend]: 50$ + 75$

Pengrowth Energy Trust (PGF.UN) [1.20$ annual dividend]: 606$

Pembina Pipeline Income Fund (PIF.UN) [1.56$ annual dividend]: 156$

TOTAL: 1 321.45$

I am in love with my portfolio.

$$$

I post in my blog a new section call My Dividend Earnings Calendar Year 2009. Its show up somewhere on the right column. I post in it the dates of the supposedly dividend earnings. I find the question mark (?) pretty hilarious. My calendar is unfortunately incompletes. I cannot find the dividend distribution dates for MX and my brand new PIF.UN. But the information is essential.

Dividends update

LIV.UN : 100 x 0.504 = 50.40$
PGF.UN : 500 x 2.70$ = 1 350$
SII : 500 x 10 cents = 50$
MX : 101 x 0.769 cents = 77.669$
BNS : 101 x 1.96$ = 197.96$
FTS: 100 x 1.04$ = 104$
= 1 830.029$

Last time, when I calculate my dividend earnings, I forget about FTS..... I know PGF.UN might not pay 2.70$ this year in dividend, but as a strong believer, I prefer to believe the dividend will be 2.70$... And here I am, with 1 830$ income for life, every year of my life. I am just missing little to reach the goal in 5 000$... But it will be preferable if I could just completely pay off my credit line and get a better job ;)

Working to make it happen

This past week had been quite awful for me. Other than the RRSP at RBC part, I invest in Livingston International (LIV.UN). I purchase the stocks at 5.99$ or 6$. I purchase 100 of them. The annual dividends was supposed to be at 1.70$ or so, but now its down to 50 cents. Facing dividends cut is very sad, but its look likes its part of the game. I don’t regret the purchase any way. And it might be the reason why the stock price false down to less than 6$. Facing dividend cuts like taking away the dream of financial freedom. But still, the overall portrait is not looking that bad for now.

I take a review of my futures dividend earnings, and it should be something like this:

LIV.UN : 100 x 50 cents = 50$
PGF.UN : 300 x 2.70$ = 810$
SII : 500 x 10 cents = 50$
MX : 100 x 0.62 cents = 62$
BNS : 100 x 1.96$ = 196$

Total Dividend earnings with stocks I have so far: 1 168$

Which I am quite happy with. I just can’t wait to see the money coming or seeing it « dripping » - if only it can. I enroll in an automatic DRIP. I gain one MX stock that way back in December. I hope to gain enough money in 2009 to continue to purchase stocks from time to time. What I wish for is a low market so I can continue to purchase stocks at cheap price. Investing in stocks is very addictive and the more I buy, the more I am being additive.

Other than the RRSP part, I have 2 horrible news. At my daytime morning job, they are facing lack of work, which mean I probably won’t be able to make my 22.5 hours per week every weeks. This is quite awful for me. And also, at my weekend job, even if I call to confirm my weekend schedule, its seem like I am not on the schedule for next weekend, so I have to call this Monday. And even for tomorrow morning, I do not know if I am working for sure, as I totally forget to call at the end of the day on Friday… It’s getting more and more complicated and I just can’t wait to leave the workplace forever! It’s driving me crazy.

For now, I just have to complete the very complicated RRSP part. After what, I will see next if I return job searching again. My life is pretty exhausting.

And another bad luck of mine, like if I needed another one, the zipper of my winter coat is broken!! I cannot just put on my coat probably. I might need to purchase a new one. The coat is so old and looks a bit old; it just doesn’t worth it to get just the zipper change on it. I guess I will purchase a new one. Just like if I needed an other bad luck…

Me and my little shares

As for my investment, my famous Blue Note Mining is getting up up up… well, from 0.05 cents to 0.025 cents….. that’s pretty good. I am willing to take everything. They have discovered some gold near by the Caribou mine and the stock price begin to rise a bit. But it’s true that for the rest, I am not doing so well, but I comfort myself by saying it’s all for a long-time investment and I have still time to recover from my lost since I didn’t sell anything. I was quite shock by reading MorningStar website, as they were saying that October and November had been the worst months for mutual funds, seem like everyone are selling their units. It is so not the time to sell, it’s just contribute to make things worst than ever, as I consider it will be important that all players small or big keep the money were it is invest. And anyway, it’s not fun to sale now and loses money like crazy. By not selling, I believe I keep a chance to see things coming up again like its use to be. I would just like to see everything go back to normal as I was so close to reach my first 50 000$.

I am not getting too desperate as I begin to purchase stocks. And the funniest thing is that I try to buy when I think we reach the lowest, but the lowest is being beat my another lowest and so on…lol That’s what happen to me with Bank of Scotia. I purchase the stocks at 44.82$. I taught it was a good deal…. But now, the stock price is at something like 30$.......... Oh no!

And that’s not it… as for my Sprott Equity fund, I first did a bad move, I invest 5 000$ at the price of 50$... After what, thinking I could do a good deal, I invest another 1 000$ at 35$ the unit price….. And now, in date of today, the units are around 25$ or less…

The lesson I learn…when I think I have reach the bottom, it’s not being reach yet… lol!!!!!

And what to tell about TIM? And Sprott stocks……….. I just prefer not to talk about it. :)

I believe that when I will have enough of loosing money, I will consult a financial adviser. That’s sit that’s all. But that day might never come as I like purchasing stocks like a rock and I follow the index with a huge interest each day. My only regret is to not be able to make enough money to invest more. This is just so difficult those days to follow the index as t goes up and down and it’s turning me crazy. But I really enjoy. Dividends are really great too to earn.

A smart move of mine was Methanex (MX) even if I didn’t have a clue of what was methanol back than lol. I purchase MX at around 15$ per share. Now they worth 13$ or something. I just don’t want to loose money that much, I want to make some. That’s why I am saying that purchasing Methanex at 15$ was a great move.

I have an eye on HSE, BPO, FTS, ENB just to name a few. But the only concern is where I am going to find the money….. And that’s the reason why my next purchase might be BPO. I would just like to purchase 200 stocks around the price of 6$ and get the high dividend of a it more than 0.70 cents…

At the end, I just can’t wait who things will have turned out for me in about one or 2 years for now. I would very much to reach 100 000$ in asset by the end of my 30 birthday. What’s nice with me is that I can never barely reach my goal, but I prefer to fix myself some funny unreachable goal and make fun of myself than just to go with a little things that I can easily reach.

Running out of time.... and of money

My latest purchase of Methanex Corporation (MX) for 100 stocks was a desperately move to try to make some money as I lost so much. What make me loose a lot are those Sprott Asset Management shares, that I purchase near 10$ and now, its value is not even half of that. Not too much I can do about it. I got also pretty unlucky with the Blue Note Mining stocks, which I purchase at 60 cents, and now, the share only worth 0.015…. And what to say about Timminco… In a way or in another, I don’t regret anything as those where my choices and I completely assumed them.

My only real regret is just not having enough money to invest even more. Time is running too fast and in December, I had to save for my RRSP. I had 7 000$ I need to save – I had until March 2009. I will probably done paying my credit line in December, only if I decide not to purchase new shares until December.

I really like Fortis, and if only I was making 2 000$ more this month, I will definitely purchase some Fortis shares. Fortis is really great, even during rough times, the share didn’t really go under 20$. Now it’s value is 25.98$. If only the share price could false down again, it would be my ultimate buy. And Fortis is based in Newfoundland and as a New Brunswicker, I like the idea to purchase something form the Maritimes. As my Blue Note Mining didn’t turn out really well… The famous Caribou mine is… closing its doors…….. oh lol! It is so funny after all. Mines might not be my stuff after all. I should just gave up on stock and stop trying so hard.

My 3 jobs got well again. I am so desperately in need of money right now. I get upset at some points but I do not show anything about it. At least not openly. At a point, if I was not that dead focus on making money, I thing I could lose control and run out crazy like hell. But that’s my secret, I want to reach 50 000$ one of these days. And writing about my problems is really releasing for me and I especially pay 8$ this evening just to write on my blog. It’s just not the fact on going and writing, it’s the writing and posting, both need to be combine together. The wireless on my laptop still not working.