Dividend Joy in April… and it’s not over yet!

I was very happy to received 75$ in dividend from Sprott Asset Management. But great news – the dividend earnings for April is not over! In the upcoming weeks, I am expecting a 51.20$ from Pengrowth Energy Trust (PGF.UN), 13$ from Pembina Pipeline Income Trust, 4.28$ from Livingston International Income Fund (LIV.UN) and 49.49$ from Bank of Nova Scotia (BNS).

Which mean its make almost 200$ I will earn in dividend earnings for the month of April. Very great!

I now have a 1 300$ sleeping in my bank account but that’s money is taxes money. I did my taxes – all by myself – and it wasn’t too difficult. But very exhausting and very long, but the software I use is quite good and I plan continue to work on my taxes declaration this weekend and finish it up and move on.

I was entering the data and I was getting anxious while entering my T4 for my 3 jobs because once they were all enter – it was making almost 4 000$ I had to pay extra in taxes! From that point I told myself, I will continue to do it by myself and if I see I still that much to pay, I will make someone else do it for me. But at the end, once I enter my RRSP amounts for 2008, everything turn out well, as I only have to pay 1 800$ in taxes. Which of course, it’s a lot of money, but in 2008, by running everywhere, I make a bit more than 44 000$. After 41 000$, I get into a higher level for the taxes and from my point of view, the whole thing make sense.

But at the same time, I am quite disappointed in having to pay almost 2 000$ in taxes because I really wanted to purchase 100 units of Energy Savings Income Fund (SIF.UN), like next week or so. But it’s seemed it won’t be before next month. Life sometime is boring like that.

My watch list

This post is about stocks and units I would like to purchase next.

I watch the index and of course, I am looking to extend my portfolio and invest more and more into current and other companies. Those are the stocks and units I would had purchased right away… if I would only have some money left.

My love’s one:

Bell Aliant Regional Communications Income Fund (BA.UN)
Current value: 24.73$
52 Week High: 30.55$
52 Week Low: 21$
Annual dividend: 2.904$

Time to buy before it’s become unaffordable!

I really like BA.UN. That’s actually a real one from the Maritimes and it rock! The annual dividend is huge! Almost 3$ per unit. This is an optimum BUY and HOLD lol :)

Great-West Lifeco Inc. (GWO)
Current value: 18.58$
52 Week High: 35.94$
52 Week Low: 11.21$
Annual dividend: 1.232$

For me, it’s seem a good one. Great-West Lifeco offers services to other companies like RRSP along others. GWO is a BUY.

Manulife Financial Corporation (MFC)
Current value: 16.40$
52 Week High: 40.59$
52 Week Low: 9.020$
Annual dividend: 1.04$

A buy? Maybe, maybe not. Analysts seem not to thrill about Manulife. I personnaly prefer GWO rather than MFC. But other than that, if I had a lot more than what I have now, I would have for sure invest in MFC. But in the conditions that are mines, I prefer Great-West Lifeco.

Energy Savings Income Fund (SIF.UN)
Current value: 11.25$
52 Week High: 15.40$
52 Week Low: 6.32$
Annual dividend: 1.236$

This is a good one. SIF.UN is kind of like Pembina Pipeline Income Trust on the sense that they plan to keep paying dividend (and no plan to cut) to their shareholders and its sound – by reading different press release – very well organized and stuff. It’s all I kind say about them, with all the knowledge I have. Among other, I would also like to purchase some other PIF.UN units and Fortis stocks. PIF.UN is affordable and pay good dividend. I just cannot imagine DF at the moment he had sale his PIF.UN units! Unimaginable!

On my lovely weekend

I just cannot believe such individual can posts such comments on my blog! Like this is not a professional blog or something like. It’s just something I am doing for myself and for the fun of it. And I really enjoy blogging. I have several blogs and it might be poorly written, but I am not looking into winning a literature prize. Some individual can really be disturbing. And I am talking here about a comment that I had been left on my last posts. Anyway, I got the picture right. But what actually I like about this is how much I can write and tell in this sort of basic by nature English of mine. It could surprise since I am from New Brunswick but I am not originally from the English part of the province. Anyway, let’s pass on.

But something worst disturb me this week. It shouldn’t be something disturbing but it did disturb me – because I had been very tired in the last couple of days. I am tired of my daily routine, tired of it. Of me working so hard for my money. And I got stress about the taxes I have to do. This is stressing me more than anything else. Sometimes, just the accumulation of different things just make it too much at the end. And for me, I meet the end when I received the package to vote for Methanex. Like enough and enough. I want some free time. And this remains me of the old days when I was only working on weekdays with one pay check. Like everything was nice and gees, what did I did with myself.

And this weekend was one of them, like I had the whole Saturday for myself. I was working – thankfully – this Sunday. I really need the money to pay off my credit line. In this difficult time, it might had been better if I would had just pay more on my student loan, but I am too excited about reaching 2000$ in dividend earnings – probably by the end of the summer.

I confirm the deal, I will be able to work 36 hours weekly at what used to be my working job. The plan almost got ruined because of my morning job. Where I used to work on the morning, they refer me to 2 jobs. First I got excited, I taught it was going to be a good job and all that but gees, it was 12$ per hour, « under the table » lol – as a self-employed and it was really just occasionally, very temporary work. But I didn’t accept the offer. It wasn’t paying enough and the reason I gave for refusing was because it was a job as a self-employed.

I do not care about the jobs I am doing or what so ever. What I need is continuous amount of money coming in my banking account. And for that, I need stable jobs, no matter are bad paying they are. But I do not complaint. I can easily myself go like this for another 2 years or 4, depending on how things are working for my portfolio. That occasion job I had been offered could had disturb the plan of me reaching 8 000$ in extra money by end of the summer. That make valuable money I can invest in Pembina or other if I want to. But I had other plan than Pembina Pipeline Income Trust. Those are from my watch list and I am going to write next about it.

My top performers: Pembina Pipeline Income Trust and Crestsreet Alternative Energy Fund

I didn’t calculate my overall value for quite a time (like do I really care), but I did it intentionally, knowing I might be close to the same amount of money – still after several weeks of waiting for the TSX to come up again. The market had move a lot like always, but no drastic change still in my portfolio. Pembina and Crestsreet are the exception for the rule and they are both very, extraordinary amazing.

Pembina and Crestsreet Alternative Energy Fund are about the only 2 investments who had took some value in my portfolio and I am still impress by the fact that, well, it had taking some value!!!! LOL.

I was very proud of my choices: purchasing 100 units of Pembina Pipeline Income Trust was one of the best ideas I ever had. I purchased 100 units of PIF.UN back on March at 12$. For now, each unit worth 13.42$. Since that time, the highest Pembina reach was something like 14.50$. I was like wow! Like its way too much fun! And for each unit, I earn 1.56$ per year, as the annual dividend is of 1.56$ per unit.

In date of April 3, my 1 000$ initial investment made in Crestsreet Alternative Energy Fund now worth 1 042$! I just hope it will continue this way. It’s seem like in my portfolio, Crestsreet Alternative Energy Fund had taken the place of Sprott Canadian Equity Fund. But that’s now wanted from me. It’s just how things went by.

For me (a while ago lol), Sprott Canadian Equity Fund was the "investment" or was supposed to be the one. Sprott Canadian Equity Fund was supposed to be my mine of gold. But nothing happen. Instead, I lost half of the money I invest in it and I am just upset about it. Anyhow, there is no – officially – no "money lost" until the investment is being sold, so for now, I stick and hold. But eventually, the goal would be to make a huge amount of cash from Sprott and than sell it to purchase high dividend paying stocks. But the question that remain is if Sprott Canadian Equity Fund still represent a good investment and to this question well, I do not have the answer.

Rock on :)

Pembina is now at 14.25$ and I had lost my morning job

I was so right! Pembina Pipeline Income Trust went up – just like I expected it will! It’s seem like I just make a lovely profit of 225$ right there – and its truly needed. This makes all my week and I didn’t expect Pembina to grow so fast – or actually its share to gain value so much. And once again – my only regret is not being able to invest more more more in Pembina! The lack of money really makes me feel miserable. But seem like I am going to suffer more and more of lack of money in the upcoming following weeks because I will get laid-off of my morning job on March 31st. Seem like... I am going to have a lot of time to write on my blog for now on lol! Its not a totally desperate situation since I still have my full-time evening job and also my weekend job but it’s going to make a major difference in my life not to wake up early in the morning and for the money right, because my life is all about that lol!

On what happen at my morning job and why I do now believe in God.

God exist – I now have a formal proof lol! And it’s H-I-L-A-R-I-O-U-S! This is actually one of the most interesting things that never had happen to me of my entire life!

You can imagine, I got very tired during the last couple of days. And during my evening shift I sometimes get very but very tired. On that day, I told to a co-worker of mine from my evening job something that probably changes my life forever (like I guess I will have to go to church or something lol). This had happened just this last Monday.

My or what had been my morning job is quite easy. But sometimes, customers can really disturb me and are acting like I-m-the-customer-and-your-the-poor-employee kid of thing. Anyway that’s basically why I am following Derek Foster strategy like hell because gees, I have enough of all this and working hard for my money I want this to stop.

Anyway, on Monday morning, what happen is what something happen. That’s all. End of the explanation. I just don’t want to re-live the even against like whatever. I had been working at my morning job for 11 months now, in April, it would had make a year. And I never had any troubles before. And of course, the incident happens with a.. QUEBECKER lol.

And than see, I continue to chat with my co-worker complaining about what happen to me and how I was tired about the job. And after what, I said the following. I said it in French, but in English, it would have been something like: « If God exists, they will fire me, I am tired of the job and I need a rest ».

But little that I know on what was going to happen next. And this if the most interesting part.

The day following the incident, I learn that my last day of work at my morning job will be March 31st. Believe it or not. God exists.

This lay-off affects me and the other workers as no more jobs will be available after March 31st. People working during the day had the possibility to work during the evening as work will me available during evening but for me, the option is not good because I am already working during evenings.

The problem being that the company we had been working for is based in the US and they have decided to move a project to Asia. Anyway… Maybe an Indian will do the job I was doing. It might be better this way – as for me and for them. Someone else will conduct satisfaction surveys to Americans and Canadians that’s all.

I wasn’t shocked about the news by itself. I was prepared and aware. I just knew or doubt something would happen as satisfaction surveys and more kind of an extra. So let’s say I was ready for anything, but I was not expecting a sign of God…

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.

Pembina Pipeline Income Trust all the way in April!

Thanks to DF, I know about Pembina Pipeline Income Trust. I really want to see my dividend earnings rise and the only thing I want right now is to add Pembina Pipeline Income Trust to my portfolio. To see my dividend earnings rise, I need stability, and Pembina can probably provided what I needed – good continously amount of cash!

PGF.UN really put it hard on me. I was expecting something like an annual dividend of 2.70$ and now, almost half of it had been cut off. Experiment dividend cuts at an early stage make me realize that I really need more than just 50 000$ invested in all PGF.UN in order to earn 15 000$ - as I wrote in one of my previous post.

Because dividend earnings is not stable at all, I will probably need way more than 50 000$ and probably need other things than PGF.UN. But things are just sooo simple when it come to investments - it’s all about picking the right stocks – and, also, have enough money to cover the cost of those investments. I expect to invest again in April.

About Pembina – I read somewhere in a title of Stockwatch the following:

"Globe says Blackmont recommends buying Pembina Pipeline". Who’s Blackmont? I don’t know. But that’s not what is more likely to turn me upside down.

Here where things are getting interesting and hot:

"Pembina’s established reputation of delivering stable and reliable distributions to unitholders is supported by premium, energy, infrastructure assets; diversified services; strategic expansions and additions; prudent financial management; and strong stakeholder relationships".

There you go! Seem like Pembina understand it all and if it’s the way Pembina is being managed, my relationship with Pembina will last forever.

And even more interesting:

"As a result of the changes in the way the Canadian government plans to tax certain flow-through entities, including Pembina, commencing Jan. 1, 2011, Pembina’s board of directors has determined it is in the best interest of unitholders to convert Pembina from an income trust to a corporate entity in the latter half of 2010. Based on Pembina’s internal projections and certain assumptions, the fund expects that the current level of cash distributions ($1.56 per unit, annualized) is sustainable through 2013, after the planned corporate conversion. This positive outlook is founded on Pembina’s attractive business fundamentals and substantial inventory of growth opportunities, including the estimated $400-million Nipisi and Mitsue pipeline projects."

I just like that stuff!

Pembina = $$$ lol.

At this time, I am working hard to pay off my credit line in order to be able to use some money from it back and purchase – if not 300 units – at least 200 units of PIF.UN. But for that, I need more cash and save more money.

And after Pembina, what’s next?

Grest-West Lifeco (GWO)! Especially at not even 13$ per stocks! Hope it remain at the same price until… May or June until actually I earn enough to make another purchase. I definitely need more cash!

Hot news

I very happy with my new 200 Pengrowth Energy Trust (PGF.UN) units of this week. With now 500 of those marvelous, I am now in business lol. And now I am a real investor. :)

I work a lot this week at a couple of different things and I actually didn’t quite any of my jobs yet, but at a point, I am getting very mad and frustrated. But never mind for now. The only thing I need at this time is another good year of income. And I feel very happy to have my blog at this time just to get rid of all those stupid jobs frustration. And working during weekend is very annoying. I would prefer to stay home. I just got my place a bit cleaner lol and I have mass of papers. My taxes papers are not all ready yet. I finally set up an appointment with Desjardins for my RRSP.

And thinking of it, I calculate again my upcoming dividend income, and it should make an average of 1 500$ as Pengrowth Energy Trust is at 2.04$ dividend now. Which make an average of 125$ per month. I just find out that UN like PGF.UN pay a monthly dividend lol. What hilarious.

I now have an eye on Pembina – PIF.UN I think it is because the company had announce that the 1.56$ dividend per share will remain until – something like 2013 or 2014. Which mean that Pembina dividend is practically 100% sure for the next 4 years. This is super great. And the company is about to close a 400 millions deal. Hopefully, I will earn enough soon to purchase at least 200 shares – but it might be only in 2 months. Problem being that Pembina is not that cheap, at 14$ and I wouldn’t be surprise if the price just keep rising as good news are coming from everywhere for Pembina.

Pembina is THE mine of gold. And talking about mine of gold, things are getting better for Sprott Canadian Equities, which is up at a bite more than 27$ now. It was about time. But what I really loose money into is Timminco.

So I get in mind to forget those advices I read in the Globe and Mail, Canadian Business and other junk lol, and just continue the way it is. And the way it is is DF way. Again and again and again!!! It’s from the latest Money for Nothing I learn at first from Pembina. Maybe it was from Stop Working and the Lazy. I never before closely look into his portfolio until a couple of months ago.

But one good thing at least I learn from Canadian Business in an edition of their magazine, they classifies Pembina by being one of the best manage company. TD also figure in the list, but I thing they shouldn’t appear there lol.

Anyhow, a lot is going on right now and if things can just keep going, I might be able to build something very nice for the future, before I hit the magic 30.

New PGF.UN: 200 stocks

I just purchase 200 new units of PGF.UN at 10.03$, which I am very excited about. I now have a total of 500 stocks in it. I previously had 300. I was looking on YLO.UN, but the dividend is very low and I really like PGF.UN anyway. Now my credit limit is almost full. lol I refund 1230$ on it this week, but now I just purchase PGF.UN.

Crazy am I to do such things, but I really like PGF.UN. Next purchase might be Pembina PFI.UN I believe it is. But I just hope prices will just false down...