Having fun with my multiple Tax-free savings accounts and why TD Waterhouse is not that bad after all

Because they are getting pretty good at dealing with people like me! And I will go through it all in this post.

I got sooo confused on the Tax-free savings account. I taught I had understand it all – but just one little thing that I didn’t understand correctly – I taught that withdraws made during the year could be reinvested during the same year in the Tax-free savings account. But unfortunately for me, withdraws can only be reinvest during the next year following the withdraw – and never on the same year the withdraw were made. Here was my mistake.

Back in January of this year, I open a Tax-free savings account at RBC. And in it, I transfer some of my non-RRSP investment. They were mutual fund investments and in total, the money I transfer in the account was very close to 5 000$ - which is the limit authorize for 2009. I was very happy with the transaction. Everything went well and smoothly, without any problems... until… I got this bright idea.

A couple of weeks pass – it was time to invest in my RRSP and I suddenly realize I didn’t have planned anything for my 2008 RRSP. What I did was the following: I took some of my investments I had in my brand new Tax-free savings account at RBC and transfer them into RRSP. Everything went fine, well not perfectly fine, but I post previously about this, let say “learning experience” with bad agents of RBC trying to make money out of me.

Anyhow, a couple of weeks after, I decided to open another Tax-free savings account, but this time with TD Waterhouse. I complete the form and a few days after, the Tax-free savings account was from my TD Waterhouse. Once I call to see if the account had been created (I barely connect to the Internet on weekdays as I am running from 9 to midnight at my jobs) – the agent at TD told me that the Tax-free savings account was now from my TD Waterhouse account. All happy that I was, I ask him to immediately transfer my Crestsreet Alternative Energy Fund in it. But I didn’t talk to him about what I had done previously at RBC. The agent proceeds. I really taught I was doing right, until I contact RBC later on – asking what was left from my Tax-free savings account and than – but only at that time – I begin to ask question and I find out that well, I have to say it, I had done a mistake lol.

After what, I call TD Waterhouse, telling them all about what I done. And I suggest if it will be better just to get the Crestsreet Alternative Energy Fund out of the Tax-free savings account and the agent told me no. That was during a weekday’s afternoon.

Later on during the evening, I call back RBC to confirm the information of what I had been told during the afternoon and after – once again I call TD Waterhouse and the answer was still the same – I didn’t have to take off the Crestsreet Alternative Energy Fund from my Tax-free savings account. How confusing! And than, I ask the courageous agent if I could had move my Sprott Canadian Equity Fund into the Tax-free savings account at TD (like I never get enough or something lol) but he told me… NO… lol

I still do not understand in date of today – why it’s ok for me to leave Crestsreet Alternative Energy Fund into my Tax-free savings account at TD. I just hope things will turn all right. I am kind of having confident in them now.

But what I dislike about TD Waterhouse and main reason I keep “bitching” after them most of the time is that even if I ask for general info, the agents – but not all of them – keep asking for my name, my account number… And one time, I get very mad and I told the agent that I didn’t want to provide the info since I was just asking for general info. But it never works… I had to identify myself.

And by the way, their TalkBroker do not work in French but exists in French… Like anything cannot be perfect.

(and especially not at TD Waterhouse lol!!!!!!!!!!)

About Derek Foster selling his investments or what love is all about

Wild, unconscious and with a lot of sex appeal. That’s the DF I known from Stop Working. But it’s seemed like the Derek Foster of the old days is gone with the wind. Or something had happen to him. But what? I am late in the news. Derek Foster had soled out of all his assets a couple of weeks ago, middle of March from what I understand.

I do not judge him on what he did, but I do have an opinion on it. I read an article online of the Toronto Star. DF was explaining that he had soled it all because of some search he did. I do not know what he had found, but gees, he is totally out of track lol. Like if I know what I am talking about or something lol. I do not know what he had learned about, but no matter what he did, its clear for me that I will never sale my precious little assets. Those are going to stay with me until the end. And I still plan to invest more in stocks in the next upcoming months – unless I got lay off from the 2 jobs I had left lol.

I guess I have to respect his position. And its true is position is not the same, knowing he had a family to support. I guess he did what he believe was in the best interest for him and his family.

In that article, at the question if he would continue to sale his books, DF answers yes. And this disturbs me. He continues to sale his books on his Web site (http://www.stopworking.ca/), free of any kind of advertisements by the way lol. Like man, you are selling a strategy you do not even believe in yourself! Come on!!! That’s disturbing. But who am I to judge. It’s not now or ever that I am going to say bad stuff on the man who makes me discovers the fabulous and painful (lol) world of stocks. And make me discovers TD Waterhouse bad services.

DF is out of the stock market, but I am still in. And I plan to invest at least 30 000$ per year for the next 4 years or so in order to achieve financial freedom. I might continue to work just to have more cash to invest and become, basically, a multimillionaire lol.

It’s true I own DF a lot like: awful services from TD Waterhouse and lol, loosing more than 10 000$ of my very own money in the stock market. But more seriously, what DF did – trying to explain the stock market to small people well, its extraordinary, its give strength to proceed and just « go for it » lol. If it wouldn’t be of his books, I would probably still and only investing in mutual funds. My Td Waterhouse portfolio had an initial value of about 30 000$ and now, the 30 000 worth 20 000. Which I consider still good knowing the stock market conditions. It’s not like my initial 30 000$ worth now 5 000$ or so. The stocks market worth it a try.

I do not have the best portfolio ever – but it’s not the worst one either. For me, my portfolio is – well, let’s say... show up some great potential to grow overtime – lets say it that way lol. And I am never going to sale any part of it.

But what’s nice about DF is that he decided to go public with it. He could have sale and not telling no one – it will only had been between him and… those guys at TD Waterhouse… lol. His public move is very courageous. I wonder what his projects are now. He might be trying to do some money online lol!! Just hilarious knowing that’s what I had been trying to do those last days.

It’s hard to believe he had decided to grudge into his 400 000$+ for his living. If DF had decided to move out of the stock market, it might be because things might be pretty rough out there. But of cause, I know almost anything about it.

Why investment is also about love and on why I love the stocks market

I believe in Barack Obama more than anything. That’s basically why I am still in « it », because I believe in him and in his administration. More than anything else. And knowing how much we, as Canadians, depend on the US, just knowing that its BO who’s taking care of business, I sleep well at night and I never intent to sale any of my investments – ever since I saw Barack Obama the first time on television lol. For me, I believe Derek Foster lost that confidence and that’s what make him sale all of his investments. Maybe because he is a man and didn’t fall in love with BO like I did. It’s pure love. BO is a black angel and he’s going to fix EVERYTHING. This is how a strong believer I am.

And a true believer like myself do no fear the market in bad times. But this is the perfect timing for me. This is what I had been waiting for! A bad stocks market, low prices and a lot of time ahead. And right now, the combination of those 3 elements are united for my own benefit.

I had been following the stocks market since something like 2005. Back than, I had purchased Fidelity Frotiere Nord with Desjardins. It was a 1 000$ initial investment. Its not now that I am going to sale anything for sure.

A beautiful weekend spend... at work

I was basically depressed all weekend long! The sun was out, the weather was perfect to enjoy the beginning of spring, but I was inside, working at doing surveys lol. I would like to enjoy the weather a bit more. On Saturday evening, I finish my shift at 18h, so I went out after that. I went to see the new movie Watchmen. After what I walked on St-Catherines, and I got back home. And it was about it of what I did exciting during my weekend. I believe winter is over and I just hope I won’t have to wear any heavy boots anytime soon.

I was looking at a local paper and I find an interesting job offer, part-time job this on, located near my evening job. I was thinking maybe to apply to the job to replace my morning job that just keeps cutting my hours. It will be so nice to have a fix part-time income of, let say, 300$, or even more if it can pay more. I just don’t know if the time is right. It’s kind of a rough decision. Like I don’t know what to expect anymore from my current morning part-time job and I feel so lost. Like for tomorrow, I don’t even know – again – if I am working or not.

My status of registration with Gomez PEER is still Pending. And after all this time past, I wonder if the program is just a scam of what’s going on with it. Not that I make tremulously money from the program; I am actually at 2 cents now. But before getting the program run on my computer on a regular basis, I want to find out if I will actually get approved. Anyway, I find the delay annoying.

And talking about delays, I am waiting to have a tax-free savings account with my TD Waterhouse account. And at the same time, I was thinking of switching to a cheaper broker. At 29$ per transaction, TD Waterhouse is not cheap. Like me who trust no one, and especially TD Waterhouse lol – I need to get a broker who will be cheaper than 29$ for my little transactions. I just can't wait to me completly done with TD Waterhouse.

Creststreet Alternative Energy Fund Class A, and now a Class B

Since I purchase my parts in this fund before they had opened the Class B, I believe my parts are in the Class A lol. I just notice a couple of days ago a Class B in the Creststreet Alternative Energy Fund and I think it’s a good sign. I think its mean that maybe the Class A is close, and maybe they have opened a Class B because their Creststreet Alternative Energy Fund is a star fund.

I invest in this fund because of its 142,69% returns in one year – in a year of recession. I consider Creststreet Alternative Energy Fund as almost as a mystic fund. And I was very happy when the fund finally arrived in my TD portfolio. It took like forever and the poor guy who sale me the fund never told me about the special delay. Usually, you purchase a fund, it get inside you portfolio – not immediately of course, I know that at least, but let say the next day or something like that. But for this purchase, it took forever, and the representative never says one word about it. This is another reason why I dislike TD Waterhouse – for their lake of caring.

Maybe TD is treating me like shit because they dislike me as much as I dislike them. Another idea of mine.

I have that jerk at my weekend job who is now listing to our interviews and I just cannot believe. The place is incredibly dirty, the pay is low, and it’s their buddy who received promotions. I am not talking like this because I wanted to listen to interviews myself; I have absolutely no interest in their business, especially in Quebeckers business. But hey, when a jerk has the authorization to evaluate your work, well that’s a living hell. And I am living in hell in Quebec. And their new person in charge of their Human Resources is like – wow – incredibly out of her mind. And I am seriously thinking about stopping to work there during the weekend. I do not have any free time and I miss sleeping in late and just walking around, doing nothing at all. I don’t want to deal with losers anymore. But at the same time, I earn an average of 300$ bi-weekly – it make it enough to cover the cost of my rent and pay part of my metro pass.

I am here in a shadow. Can I continue another year or 2, I don’t know. But for sure, I want to get out of here if not before, at least at 30. I am just in need of a change. The reason why I didn’t leave yet is because of my jobs situation. I make an overage of 750$ per week after taxes, but it’s true I work 70-80 hours per week. But the only thing I care about is the money, nothing else. And it’s now been going on like this for years.

I am just so incredibly in control of myself that all of it is doing so smoothly and so well even with some difficulties.

But all that talking about Quebeckers just makes the pain in my left hand more painful.

:)

Weekly update... working at taking decisions

I just received on yesterday a package from the Bank of Nova Scotia (BNS). And there I saw the address of Halifax, Nova Scotia on it. I was surprised to see the address of Nova Scotia, as silly as it sound. It’s like I do not have any real connection or interference with the company I invest in. But who really does anyway? I am quite excited here. It’s like me, taking important decisions for the Bank of Nova Scotia? WOW! It’s just unbelievable. But as a proudly shareholder, I am going to do my search and vote seriously. And Nova Scotia is in the Maritimes and me from the Maritimes I. That’s where is located the connection between me and the Bank of Nova Scotia.

The power now belong to…… me, New Brunswicker lol!

Another week pass – and I prefer to take it one week at a time. The TSX is now up to something like 9 000 now. Oh no! I want my low market back! It’s like I am having so much fun! I cannot wait for next week, I will have 1 000$ or so to put down on my credit line and I will be able to purchase other stocks. This time, I might invest in something else than PGF.UN. As little money that I have, let’s diversify, diversify and diversify!!!

And talking about TD (because I unfortunately have a TD Waterhouse account), I get very angry at TD as I received that letter – TD was going to make client pay 35$ for inactive credit line… I was so upset! How disappointed I was, I cannot tell, even if I was not being directly touched by the measure at the time, as I (unfortunately) use my TD credit line on a regular basis. But at least, now, Canadians know, all Canada know now, that TD is just like the other, just a bank looking to make profit on small people. I am saying this, even knowing that now TD had step back – and they probably did it because of complaint they have received. The reason why I was upset is the following: I imagine that if I was going to stop investing and stop using my credit line, it wouldn’t be far for me to take out 35$ of my pocket just because I do not want to continue to use another bad service coming from TD (I just cannot help it).

The ideas behind my taught are the following: if eventually TD had move forward with their bad decisions, I would eventually had to close my TD credit line and open another one someplace else. But than, I would had affect my credit score and than, I taught that if it was going to happen, I would eventually sue TD and ruin them by doing a collective cause and get millions and millions of dollars of those dogs for all the people who had suffer from the same condition as myself (because of a ruined credit score). But lucky for them, they never move forward. Shame on TD and on their way of doing business. Their administrators have no heart.

That’s all I have to say.

And when I read the following coming from TD spokeswoman Kelly Hechler:

"We wanted to cancel the inactivity fee and also do something that we thought would be helpful and meaningful to our customers"

I just can think of one thing: BULSHIT!

(!!!!!)

Summer time is almost over

Now summer is almost over and I didn't see too much of it. But it was quite an exciting time as I just purchase my first stocks, but the fun stop there. Or almost, as I make a lot of fun of myself -me with my 3 low paying jobs, working 7 days a week - how don't know how many hours. I believe that when the time will come, I will do something else. But earning money is quite bad as I just want more and more of it.

I quite enjoy TD Waterhouse now that I am all set up with them. It's quite unfortunate the things that happen previous, but their online system is very easy to use and I really enjoy purchasing stocks by myself. For the first transaction, the Sprott Asset Management stocks, I purchase them over the phone, for the rest, I did everything online, except for the mutual funds of Sprott, which I purchase over the phone, since it was done without any fees.

I would just like to purchase stocks from a bank - from TD, as I read they are the one who are the least affect by the credit crisis we are in. I would had care about Rogers stock, but I still don't know.

I didn't calculate the overall value of my investments, as I believe I had lost money here and there again. But it doesn't matter, as I am ready to lose money - but I want to gain as twice more. I really had faith in the Blue Note Mining. It's kind of a lovely name for a mine and I read things around and the things is it's a good company to invest in. As soon as the price of zinc will start raising, the big cash will come and I might be finally be done with my student debts. As soon as the share can just reach - one more time the 60 cents - I sale, and make $$$ and pay off some of those debts.

That's the plan.

Cleaning my banking account

I had most than 7 000$ in regular savings in my banking account. But the money is no longer there... I recently invest in stocks and mutul funds of Sprott Asset Management. It might be my last investments I will make for a while, since I don't have too much left in my banking account, barely enough to cover my expenses for next month. Anyway, I am pretty please with everything, except the service I receive from TD Waterhouse. I am getting a bit closer to my 50 000$. But it require so much work, I wonder if I ever could reach my goal.

I might be able to purchase other stocks by the end of August. For incoming project, there some investment I would like get rid off, but I don't want to lost the initial investment, so I am waiting.... but how long will I have to wait? Another one will be to have my credit check. And the last one to look around for stocks, for my next buy in August.

Another mutual fund....

I call TD yesterday to see if there was any fees related to the purchased of some units of the Sprott Canadian Equity Fund (SPR001) and there's none. I was told that for some funds TD charges fees and for other, they don't. Which I really don't understand, because I believe they get a compensation on a way or another from the company where individuals like myself purchase funds. I know how it works.

I don't really follow what I write on this blog. I first taught about the iShares, now stocks, and now back to mutual funds, when I just told myself I will not purchase mutual funds ever again... Anyway, that Sprott Canadian Equity Fund is a mine of gold and I would like to invest in it, even if the management fees are high (2.5%). And they also request that we keep the investment for 6 months, minimum investment is of 5 000$, which I currently have in my Waterhouse account. If not hold for 6 months, there's a penalty. But in case of need, I could always pick in my non RRSP mutual funds I have everywhere else. Because it's really investment all over the place. Like if I was willing to try anything kind of investment for money. This is the case. And it's really only for money.

But so far so good, as I stick to my 3 jobs to make near 800$ per week after taxes. I get kind of tease at one of the job. But I don't really care, as I never really care about what was going at my different work places. At one of my job, some idiots keep talking to me in English, while I am French and speak a some kind of broken English. Anyway, I don't pay too much attention, I reply in French. I don't care for anything else than the money I can make from different jobs. I am so not such difficult that everything is going very smoothly. And I am pretty good, as it been going on for a while now and money is coming like crazy, I just have to look at my expenses carefully.

After this investment (5 000$ in the Sprott Canadian Equity Fund, non RRSP), I won't be able to make any more investments for a while maybe, as I need to save 7 000$ for my RRSP of January 2008. And it will be good if I could pay off those stupid loan debts.

I feel lost in the finance world and stocks are tricky. Sprott Canadia Equity Fund appears to be a good solution. It's been well ranked by MorningStar even if the fund doesn't appear in the Analyst pick. Maybe because of its high fee. And it's also a bit volatile, but I am looking for a long-term investment. So now, I only have a phone call to place to make myself super rich with the Sprott Canadian Equity Fund. It is soooooo simple.

Some good news

I had a couple of things done I wanted to do during those last days. I had opened a banking account with RBC. That account is free for me since I had opened a credit card (that I never used and don’t plan ever to use by the way lol) + mutual funds with them. I just went to the RBC site earlier, and I can see my investments. I can also sell my investments at any time. Which is great, because I can wait to get ride of the RBC O'Shaughnessy International Equity Fund. Other than that, I plan to keep the other mutual funds I had with them.

I understand I should probably get ride of them and sale them all, but I prefer to keep them as I feel I don’t have that much money to invest in stocks and if something would had to happen to my stocks whatever the reason could be, I wouldn’t like to be out of money. But I might no more invest in mutual funds.

Regarding my account at TD Waterhouse, I decide to keep the account and use it, even for the reason exposed in the previous post, I really wanted to close it. The thing is that I investigated. If I decide to close the account TD Waterhouse staff will have access to my information for a period of 1 or 2 years. After what, my account will go into their archives for 7 years. After 7 years, but only after 7 years, everything disappears. This is the difficult part for me. That’s the only reason why I will keep the account. And another reason is that since I subscribed to eService, I won’t get any fees for being inactive. So I decide to keep the account. I won’t do what that poor Lisa O’Toole tell me to do (I suggest to read the previous post to understand). I know I shouldn’t complain, but investments are the only thing in my life I have totally the control on, and I want to keep it that way. I don’t want idiot to tell to send my SIN and another ID via the mail. Which I find totally stupid, knowing I had presented those items once I open the account. Anyway, I understand. And no one else seem to understand, especially TD Waterhouse agent, I have to tell. And I have a lot to tell. I won’t put my trust in them to get some advices on how to invest my money. Because I worth more than that.

I had good news this last Friday; I got a call from the place where I used to work on Saturday and Sunday. It’s seemed like they now have work for me… And I now will have 3 jobs. It’s really too bad it’s coming back now, especially during summer time. But I don’t care that much, the only thing I care about, as usual, is the money. I expect to earn 761$ after taxes weekly. This is very good. So this weekend was my last off weekend. I went to the movie and I did a bit of shopping and it was all, after doing the usual.

I also put an extra 4 000$ in the TD Waterhouse account. So now I have 9 000$ to purchase stocks. And I am kind of lost at this point. So iShares or stocks, I am kind of desperate. The best option should be stocks I believe, and maybe I should stick on the ones of Derek Foster book, even if after what happen at TD Waterhouse, I really begin to hate the man. The thing is he explain that he start with a TD Waterhouse account and the eServices, without suggesting his readers to do the same. At some point, the guy has responsibilities toward his readers, even if his books start with a disclaimer. And especially knowing his books are bestsellers. I just hope he is saying right.

About my TD Waterhouse account

When I first open my account at TD Waterhouse, I invest 4 000$ in it. I invest an extra 2 000$ not so long ago, for a total of 6 000$. I was planning to invest an extra 2 000$, so it will make a final 8 000$. But now, I do not know and I don’t know which direction I should take. And it’s all because of a stupid letter I receive from TD Waterhouse.

I also have that 7 000$ to invest for my RRSP, so starting next month, I will begin to save for that RRSP. I just hope to be able to save enough money to follow all my plans. I am getting better with my cold and since I was off this morning, I slept in and later on I try to do some search in those iShares I am so interested in. I had an eyes on the iShares for quite some times now, but I could never invest in them, since the only way to purchase them is with a brokerage account, which I now have, but I do not know anymore if I should stick with TD Waterhouse.

TD Waterhouse or not, I plan to purchase 8 000$ in iShares:

2 500$ in iShares CDN LargeCap 60 Index
2 500$ in iShares CDN Materials Sector Index
3 000$ in iShares CDN Energy Sector Index

Each transaction will cost me 29$ each, if I stay with TD, for a total of 87$ (and does taxes applied??). There’s still a lot I don’t know about my TD Waterhouse account, like will those fees will be bill to me or will they send a somewhat invoice. I have been giving a brochure, but it doesn’t worth nothing, it’s not like a step by step guide and there’s nothing there that can help me.

The only reason why I get a TD Waterhouse account is because Derek Foster has one. At least it’s what he said in his book. And than I kept wondering if TD had paid him to be there in is book…. Anyway, so far, I don’t have many great things to say about TD Waterhouse. A big plus for me is that there is no fees related to inactivation, like if no investments are made for a long period of time, I won’t get any fees because I register to the eService. This is perfect for me because all the investments I made are for a long term basis. I begin to invest in 2005 and since that time, I never pick money in one of my mutual funds or other.

But I cannot say I do recommend TD Waterhouse because their customer service is really disgusting. A clear example of that: whenever you call to have information regarding your account, they don’t ask for security question. For a call I made, the last one actually, I call, and ask question to the customer representative about a letter I receive. I provide my account number and my name, and than I begin to discuss about my issue. Than, I was shock that the representative begin to answers to my question, without asking any security question. Than I told him, you’re giving me information on my account without asking any security question to confirm my identity? He told me that no transaction was aloud, so for him, it was ok to answers my question, check my profile without asking any security question. What a loser. What if one of the letter they send me get lost over the mail, someone else get it, open the precious letter, than, another person than myself has access to my account number and my name. After what that person can call TD Waterhouse, and ask question regarding my account……

If you have taught of TD Waterhouse for your brokerage account, beware. I am thinking of switching to someplace else. I was told that there were no fees for closing the account. So bet what I am doing to do?

The reason of my call was simple, I receive a letter from TD Waterhouse telling me they wanted to confirm my social insurance number and also, they were in need of a piece of identity. They were asking me to send via mail my social insurance number and a piece of ID. I was very upset, since I had presented those pieces when I first open the account. It doesn’t make any sense for me to send my valuable social insurance number to some of the biggest losers of the world via the mail, knowing it can be lost.

And that letter was sign at the name of their Vice President, Lisa O’Toole. I couldn’t believe a Vice President was asking me to send my social insurance number and my piece of ID, which was a birth certificate, by mail to them. I find it so unprofessional. And I am not even talking about the service I receive at the TD Waterhouse located in the Eaton Centre of Montreal. Because no one wants to really know about it.

At this point, I don’t know if it will be better if I close everything, knowing TD Waterhouse agents do not care about giving information to the right person and their Vice President Lisa O’Toole doesn’t care if my ID will get lost in the mail or not.

I hate TD Waterhouse.

Up, up, up!

Wow! My mutual funds are doing so well at this time. And I didn't any money I have invest yet in my TD Waterhouse account. I was planning to maybe add an extra 2 000$, which made 6 00o$ in total. I have too much money in my banking account and that money is doing absolutely nothing. And I really think the iShares are a good place to start. I couldn't start with the real thing right away, even if I read Derek Book's. I am not completely feeling secure about stocks because I didn't do my own search.

And also about that DRIP thing he explains in his book, I am not feeling that sure about it. It's too difficult for me to invest monthly. Just like for my RRSP. I prefer to invest all in one time. I didn't register to any DRIP yet.

I had been quite busy at all kind of things. And since I work from 9 to midnight from Monday to Friday, there's not too much I can do during week days. But I like it because time pass really quickly and money just keep coming in my bank account. I work at really low salary job and for the studies I made, I deserved much more. But at this time, let say everything fit well together and I don't mind too much.

Next week is going to be better because I have Saturday and Sunday off and I will be able to do my search and maybe, purchase my first iShare units. Finally.

Getting close to my first 50 000$

I am only missing a bit more than 13 000$ to reach my first 50 00$. I pay my credit cards each month, everything is going smoothly. I have more than I expect in regular saving. Which is good, because for next year, I exactly have 7 120$ that I can invest in my RRSP. Knowing I invest the max that I can in my RRSP each year, I need to have 7 120$ ready for next year. And 7 120$ is a lot of money.

It’s been my first weekend off since a really long time and I enjoyed it at… the Library lol. I didn’t get a card from there, so I subscribed myself and borrow some DVD and books.

I have registered myself to the eServices of TD Waterhouse, to avoid those fees for inactivity. I once get confuse because I am using the French site and on the French site, eServices is being translated by CyberServices. They should had keep the same name, would had been less confusing. Anyway, I went thought the whole site and it’s appear to be really easy to sale and buy shares. I have 4 000$ in there, ready to get started in the wonderful word of stocks.

I had an eye on the iShares for quite some times now and I would maybe like to invest 4 000$ in one type of iShare. The trick is that I will pay 29$ for any 1 to 1 000 stocks being bought or sale, so it didn’t worth it buying 1 000$ in about 4 iShares, because it will cost me 116$, before taxes… I am so used to buy a little over here, a little bit over there… Those times seem to be over for me. I just now to do my search on the iShares more seriously and get ready to buy my first stock.

Because it's all about money

Everything is going so well at this time for me. My mutual funds are doing ok, my TD Waterhouse is now open, I am about to bought my first stocks, I have a part-time job, I might have overtime available at my full-time day job on weekends and I am only missing like about 15 000$ to reach my first 50 000$. Finally.

But, I had purchase clothes, 150$ for a spring jacket…. So expensive but so pretty, I couldn’t just not buy it. I got my hair cut, it cost me something like 10$, and buy 2 pair of jeans, and a new t-shirt, and a night cream of Yves Rocher that I didn’t even applied yet… All for 219.81$. Dutch.

I know it’s not that much, but I try to manage everything with really tight budget…

I get my taxes done, it will be done by next Saturday, and it will cost me 160$... I calculate my income after taxes, and I almost reach the 45 000$. I made around 43 000$.

So my extra expenses for this month is about of 379.81$. Not too bad. I am just missing a pair of sandals for this summer. After all, I will be done with shopping.

I now have an account with TD Waterhouse

It wasn’t that difficult to open an account with TD Waterhouse. It was not difficult at all. But the funniest part was when the girl asks me what I wanted to do with the account. I told her I wanted to buy one stocks of all of the above (I had my list I show her). Than, she tried to understand me, saying that it will cost me 29$ for each stock I buy. I didn’t provide more information on why I wanted to buy one single share of each. I wanted to open the account as quickly as possible. I told her I wanted to open the account on today, and that I had previously had purchases GIC and mutual funds with TD, and that I now wanted to purchase stocks.

Is it that difficult to understand?

One thing, TD Waterhouse has no connexion with the regular TD. When I presented my TD card, she told me she didn't need it, that she couldn't access it. That kind of information is always good to know.

I had a problem, like I don't have any Quebec ID. I couldn't find my license. And let say it, I don't want any Quebec ID. I don't like being here. Quebec is the worst province of Canada. So I told her I had invest in RRSP in Quebec with TD this year, and that she could verify my TD account if she wanted. But she told me she couldn't access to that account.

After she was done with her questions, everything went fast. And it was so quick that the girl at TD Waterhouse didn’t even present herself to me, she never told me her name. Wow.

Anyway, I don’t care, my account is now open, but I cannot access it via Internet yet. TD is too slow.

It was really easy to open a brokerage account. No appointment need, as I already had an account with TD for investments. I just need to present myself to a TD Waterhouse with 2 pieces of ID. From the date the account is creating, I had to wait 2 business days. And than, I call their IT team that have another name to combine both account – TD Waterhouse and regular TD. When I call, they also provide a password, which is a temporary password to buy and sell stocks. I only call this late Friday night, so the combination should be ready by Wednesday. I proceed with a first 4 000$. The only thing is that anywhere between the one to 1 000 shares, it cost 29$ per operation of that type. But I don't mind. I will buy and hold forever.

Once both accounts will be combined in one, I will be able to register to eService. That way, I won’t have any fees, and I will avoid the inactivation fees.

I just cannot wait for next Wednesday.

I finally find a part-time job

I had received a call today regarding a part-time job. I had an interview back in January, but back than it didn’t work out, since I already had an evenings jobs. The part-time begin next week. I just hope it’s an easy job, because when working full-time, with a part-time job at the same time is barely possible.

I now have to do my taxes before next week, because after that, it will make it too difficult. I just can’t wait to make it done. I find it so annoying. I just don’t know how much it will cost me this year.

I call today TD Waterhouse and it’s seem like the info I find in the Lazy Investor are still up to date because I ask a couple of questions and everything was just like it was explained in the book. And good news is no need to take an appointment, I can just present there anywhere I wanted. So I will try tomorrow for TD Waterhouse and next week will be my taxes.

I just hope it will be easy at TD and it will be done quickly and smoothly.

So for next month, I just hope to be able to make around 3 000$ after taxes, but it might be difficult to achieve.

I have an interview Saturday for a part-time job

And it was about time! If it works out, I might be able to work 6 hours on Saturday and another 6 hours on Sunday. It will help out to pay my bills. But the thing is that I will miss Paris Hilton! Paris Hilton will be in Montreal to promote her shoes....... She will be at a shop call Browns or something like that located on St-Catherines... It's too bad I am going to miss her.

I had received a call from my late part-time job, saying I could work Saturday and Sunday of next week. Which I appreciate, but at the same time, I am getting upset, since they didn't give me this Saturday and Sunday. Anyway, I am going to see how things will turn out this Saturday at the interview. It's just too annoying.

To change of topic, my mutual funds are doing great, but I still did not recover from my lost. For some I am doing really well, some other so-so.

I didn't do my taxes yet and I still didn't call TD Waterhouse. I just have too many other things to do for now. Buy I can't wait to get started.