On what to do next

I am still earnings good amount of money because of my 3 jobs and I am wondering what to do next. If I should keep investing like I was doing, in mutual stocks or funds, or should I strat just putting money away in the ING Direct account that I have or should I finally start to pay off more seriously those student debts that I have.

I had been thinking of all this lately and I am still interest in investing anyway, at least a final try if I can say. I would like some Bank of Nova Scotia stocks. If the market can get low enough, good opportunities will show up, just like it's the case with Rogers Communication right now.

It might be in my interest to save also for my incoming RRSP of 2008 but there still time ahead to save 7 000$. I was thinking that the period of December 2008 to mid-March 2009 to save the money and before that, I could basically do whatever I want with my savings until December.

It's very difficult to see all my value going away like that and I just hope things will get better and start making money from those investments.

Me and my little money

I am loosing money with crazy. My Timminco (TIM) drop from about 5$... Sprott Asset Management (SII) is now around 7$..... And I just don't want to think of the money I lost with my other investments, not to talk about my mutual funds and so on. And I just don't know the reason for all this. But I was kind of aware of the financial situation were in, but it's hurting me anyway. I didn't calculate my total value for quite a while now and I won't do so for a while, I am too scare too see hoe so little I have now.

Anyway, things are not so bad as I get back that morning job at a full part-time status like it was before. But now, I don't know if I can ever reach my 50 000$ by the end of the year. If it happen I am loosing too much because of my current investments, well, I could tell myself that I least, I have try... But the situation is not so bad as I can easily live without the money I had invest and all those were supposed to be for retirement anyway so I guess I will be able to catch up later on, but only if I don't get rid of the investment.

There's some overtime available at my day full-time job and it's the place where I should be right now, but I like do to other things than just working for money sometimes. I am kind in one of those strange mood as the weather isn't really nice and I had been reading one of those book, its call In the country of last things of Paul Auster is this is the kind of things you want to read when your loosing all your money in the stock market lol. I am kind of surprised; I can understand what it's all about. My English reading is improving.

Ups and downs

I didn't blog here since a long time. I am having problem with my laptop, which just doesn't want to go under the Wireless anymore and I am pretty upset about the whole situation, as I will probably have to pay a technician for this, since I am no longer living close to my brother, which could had take care of the job. I don't really need the Wireless, but its just I like to surf in cafe and now I cannot do anything.

And just to make things worst, I am loosing money like crazy with my investments. I just don't know what is going on, but its hurting my portfolio! I do not plan to sale anything, as always, I just keep everything but I would like to have the chance to make some money from my stocks and other. Like I was planning maybe to pay off a trip to New York or Toronto, or maybe both, since I never visited and I didn't travel for quite a time. But know, I don't think I will be able to do anything at all and it could happen I lost everything.

Two people get fired at my full-time day-time job. For once of them, I truly understand the reasons why he got fired and I was quite surprised he didn't get fire any time sooner. For the second one, it was actually the person I was having difficulties with, the one with VIH, she got fired too. But for her, I was quite surprised, as she was really good and her productivity has very high. And another person left, I don't know what happen to him. Anyway, things are pretty change.

I got a big emotional break down because of that job, not because of people I know get fired, but because I had set a fix work schedule with them and they didn't respect it. The problem was resolve at the end, but the night before it get resolve, I start crying in the middle of night and I try to calm myself as I need to wake up early at 6h45AM the next morning. I was desperate no to be able to combine my part-time job with my full-time job. But know its resolve. But I keep asking myself am I next on the people-to-be-soon fired? I take it one day at a time. I am always trying to do the best I can at work, even if its a low paying job. So we will see at the end what happen but I will be very sad if I get fired too. It's just an idea that is stock in my mind...

Just to make things worst, my part-time day job is cutting on in my hours, and not only for me, for a couple of others to. At least my weekend job is still ok for now. With all 3 jobs combines, I make almost 800$ weekly after taxes. And I just want it to continue like this. Everything was going on so well, and now, it's kind of going so-so and I am kind on getting a bit depressed by looking at my overall situation at work and at my investments.

I now have 100 Timminco stocks

I purchase other Timminco stocks this week. This time, I purchased them online, it was very easy to proceed, and it only cost be something like 27$. I purchase those stocks at 23.70$, which I believe was a good price for.

For the rest, the market is not super great at this time. I just can’t wait to make some big bucks from my Sprott Asset Management funds. So far, so good, since I am still working at my 3 jobs and I still making almost 800$ weekly. I am just looking to purchase more and more stocks and my next purchase could be Bank of Nova Scotia, but I will need at least 5 000$.

I don’t know too much on buying stocks, but I think the minimum per transaction is 100 stocks and Scotia stocks being not cheap, I might need at least 5 000$ before I can purchase them. I would like to purchase stocks that provide dividends. I was planning maybe to sell a couple of my non RBC mutual funds to purchase stocks.

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.

Making my first bucks from stocks

If it wasn't because I am working, I might spend the whole day in front a computer, looking for my SII stocks.... In date of yesterday, I made 75$ from those Sprott stocks. It just now I am realizing how much I can make if I can just be lucky for once in my life.

I also have an eye on Rogers stocks, the B ones. I just put another 1 000$. I also would like to invest in Sprott Canadian Equity mutual fund. It's just too bad I didn't find about this fund earlier. There's like too much I want to invest into and I just have too little money. I also have to thing about my RRSP.

Stocks are a lot of fun. Regarding Rogers stocks, I believe they are a good investment. I learn that the dividend will go up to 1$ per share in 2008, from what I read in their financial statement. I had been looking into them for a while, and they are a buy for a short term period, as previously, Rogers share went up to 52$.... And now the price is 40$ and something...

I purchased my first stocks yesterday

I just purchased my first stocks yesterday. I purchased 500 stocks of Sprott Inc. (TSX: SII) at 9.74$ each. I believe I made a good investment and I plan to keep those stocks for a while. I am too curious too see after one year how much will be the dividend and also the return. I prefer to invest in stocks that cost less than buying stocks of major banks which could cost me as much as 50$ per stock.

I was quite surprised to learn about Sprott and when I discover their mutual funds, I was even more surprised that those funds don't appear in the analyst pick of MorningStar. I read the article of the Globe and Mail that I find on Sprott Web site and from what I understand; their way of investing might be too different than others. That's why I never new about them before I saw that magazine at the Chapters. And I learn about it just at the right time, when I was desperately looking for stocks to invest in.

I just hope I made a real good investment. But only time will tell.

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.

Budgeting budgeting budgeting

I am getting sloppy with my expenses! It’s been 2 months in a row that my expenses reach more than 1 400$! What’s going on with me!!?

I took a lot of my expenses for the month of May so far…… and it’s not looking good at all:

Various expenses put on credit card: 674.77$
Rent: 520$
Student loan: 165$
Metro pass: 67$
TOTAL: 1 426.77$

I know I could easily save around 360.85$ in those expenses. I just need to be more vigilant about eating out and I need to slow down on coffee. At some point, I buy 2 coffees per day, one for the morning, and the other one before I hit my full-time shift.

It’s a good thing that I don’t have a phone, cellular, Internet and cable bills to pay, it will just ruined by budget. For the Internet, I am quite lucky, I get thought it the Wireless, and instead of a phone, I have a little pager. Its working fine for me, as I purchase a 20$ card to place calls. One of those cards last for about 3 months.

This week is the last week of May and I promise myself not too spend a penny more that what I have spend so far. It won’t be that difficult, knowing I had about 100$ in cash. A part of the money will go to my metro pass.