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…

I now understand how it’s all work

And I am very excited and I need more cash! Because I want to Stop working right now! But in 2 hours from now, I will be back at work.

At the time I write this, I taught that PGF.UN was provided a 2.04$ annual dividend…. I was so wrong, but I don’t remember I get the 2.04$ info from where. No better source than the Web site of the company itself… I visited PGF.UN Web site… and oh surprise, the annual dividend is being set at 2.70$... Knowing I purchase last week 300 stocks, I will earn, in 2009, the income of 810$ of that investment alone… WOW!

It took me times and 3 DF books to understand but I finally get it, purchasing stocks is the way out. And it’s part of the reason why it didn’t take me too long before purchasing PGF.UN. For a 9.70$ per stocks, I received 2.70$. Which is around 21% of the initial value of 9.70$ in return.

I read here and there that there was going to have a dividend cut around this stocks. But still, I do not mind and I do not worry too much about it. On this date, the PGF.UN Web site still advertise 2.70$ in annual dividend.

I just keep thinking about it and went with this idea:

I do not make any big expenses and usually, my expenses for a month are around 1 200$, up to 1 500$ when I am in a shopping mood. So lets say I am need of a total income of 15 000$ per year. PGF pay 2.70$ per share.

If I calculate: 15 000$ ⁄2.70$ = 5 556 stocks. Which mean I need 5 556 stocks of PGF.UN to reach an income of 15 000$ per year. It’s about all I need for my little living.

Right now, PGF is at 9.81$.

5 556 x 9.81$ = 54 504.36$

All I need is the amount of 54 504.36$ and invest in all in PGF.UN.

But of course, I cannot just invest in a one stock. But….. It’s quite tempting to do so! Especially with PGF.UN.

My goal is not to become rich, it’s just to make my life easier and, if not retired early, just make a more comfortable living and move in something that’s a bit bigger than a 1 and a half apartment lol. And after that, who care about the market volability?