Another bad news or when enough is not enough

When is it going to stop?

I won’t be able to do any more hours during the morning at what use to be my weekend job. Look like my weekend job will remain… my weekend job. Everything went well for about 3 weeks. It just this week that I learn I won’t be able to do any morning shifts because of my productivity. But the worst is that I am not alone in this situation. I was told I could go the night shift. Since I am already working at night, I stick with the weekends. Which mean that my weekend job will remain… my weekend job.

It’s just not enough having to pay an extra 3 000$ in taxes, not enough to be working around the clock, not enough to be laid-off from my old day job, now, something else had to happen… and I am just wondering what’s going to happen next. Like the word is falling under my feet and I am following the gravity – I am falling too. I can handle a lot, but now, the situation is pretty chaotic and out of control. And I just cannot control my work situation. And this is exactly part of the reason why I am so into what used to be the Derek Foster strategy because I find it exciting and full of possibilities. I do not want to suffer all my life from poor work situations.

If it happens that one day, I can make enough money from my investments to stay off the workplace for a couple of years in my life, well, I will be the first one to be running into the possibility and sticking to the plan. But now, whit almost 3 000$ gone in taxes money (it’s hurt!), I begin to feel a bit desperate here. It’s not tomorrow that I am going to be able to quietly leave the workplace.

I finally receive my Pengrowth Energy Trust dividends

I had received 51.20$ in dividend from Pengrowth Energy Trust (PGF.UN). The dividend had been roll over to purchase more stocks. And this is how I acquire 7 brand new units of PGF.UN at no charge.

As for the rest, I had my taxes done by a professional and I had an appointment this Monday. I made an overall income of more than 44 000$ in 2008. Life had been good for me here in Montreal so far. But more $$$ = more taxes to pay… And it’s actually the reason why it’s more than 2 900$ that I had to pay extra in provincial and federal taxes. It’s kind of what I was expecting when I did my taxes by myself on Easter day. But I really wanted my taxes to be done correctly and along the run, it was a lot of stress for me. I do not regret paying 75$ to have my taxes done properly. I am quite happy to be done with all this now. I already pay my taxes through my online banking account.

For 2009, I definitively have to invest more in my RRSP. And TD Waterhouse is very annoying for this part because there’s an annual fee to be paid to invest in stocks through them for a RRSP account. Isn’t expensive enough that having to pay 29$ per basic transaction? But this is how TD Waterhouse likes to do business. Unfair or not, at the end, the money will just be invested someplace else. And it’s something else I want to take care of as soon as possible. Time is running out so quickly. I sometime have a hard time to stay organize.

I only have 2 047$ available on my credit line right now to purchase more stocks. I will wait probably until next month to make another purchase. Right now, my marvelous Pembina Income Fund (PIF.UN) is at 14.03$ and SIF.UN is at 12.25$. I just hope prices will false down lol just in time for me to purchase new units next month. I probably purchase other units of PIF.UN. Right now, PIF.UN is at exactly 14.03$! Love PIF.UN!

I am only missing 9 153.28$ to reach My first 50 000$!

Today was quite a fun day as I was off all day and I really enjoy my free time. It was still cold in Montreal, but the sun was out. I wake up late and went… shopping! I might had spend 250$ or so lol. Among other stuff, I purchase a nice pair of Nike running shoes. They are black with a bit of pink, very comfortable. I was really in need of a band new pair as my feet were hurting on my old shoes lol. This day off had been so much fun that I was thinking about taking Sunday off on each week – for the whole summer. Which mean I will work 5 mornings and the whole Saturday for that job. As for the evening job, there’s ups and downs, but I decide to stop worrying for now and just take whatever come by to me – a lay-off (again?! lol) or not. I am just that tired.

I am now confident – I might be able to reach my first 50 000$ in investments by the end of 2009. Of course, I have a bit more than 16 000$ in debts, student loans for the major part, as 1 000$ had been borrow to pay my taxes (that will be done and completed by tomorrow) and also a 5 000$ on my credit line that I use for leverage (another good idea of mine). After my first 50 000$, I will focus on paying my debts.

My real overall value is only of 24 227.03$ (40 855.02$ - debts of 16 627.99$) but I plan to catch up later on about debts. For now, investments are too much fun and I really want to invest in the Energy Savings Income Fund (SIF.UN).

I had received my Pembina Pipeline Income Fund dividend for April

I had received 13$ in dividend from Pembina Pipeline Income Fund. And this is how I earn a one “free” unit of the ultra-ultra fantastic Pembina Pipeline Income Fund! I still wonder how Derek Foster could let this one go from his portfolio. But for myself, I know one thing; I am certainly going to purchase more units of this marvelous Pembina! Way too hot. I am still waiting for Pengrowth dividend, but I didn’t receive anything yet.

Since I registered to an automatic DRIP, I was told it could take some more times to receive dividend sometimes. It’s something I am always looking into, just in case… Because with TD Waterhouse… well, with TD lol. Just joking.

My nightmare with 2008 taxes is almost over. I have an appointment on Monday and after what, everything will be complete. I have everything prepared in my bank account just in case I need to pay big in taxes. I have a bit more than 3 200$ ready. I just cannot wait to see how much I will need to pay in taxes this year.

I had 1 600$ of my own money ready – I took a 400$ from my credit line at TD and another 1 000$ from my 10 000$ credit card I have with RBC. I withdraw the 1000$ from the bank machine and pay off immediately after with a check I had luckily received a couple of weeks ago from TD Visa – an around 5% deal for 6 months on balance transfer. I have a 5 000$ limit on my TD Visa.

And I actually have another 3 000$ I could take way from my RBC Visa and pay it off with Visa TD check and I was willing to do so and purchase SIF.UN or PIF.UN that way lol. Like at a point, it’s just doing any sense. I just cannot stand it too much longer. I want to make another investment. My last investment with Pembina was on a Friday, on the 13 back in March.

If I decide to move on with this major move, I will probably be working on paying back credit cards for the next 6 months – or even more.

I almost already reach 5 000$ on my credit line. If I add 4 000$ to this amount, it make 9 000$ that is needed to pay it all off within the next 6 months. In order to do so, a payment of 1 500$ per month will be needed. Not impossible, but I will have to cut on my daily expenses.

I am self-confident with the whole investment deal and I thing I am doing well, even by looking at my broker account. I calculate and I actually lost more than 12 000$. But even if I had lost great deal of money, I still want to continue to invest as long as I have enough money to do so.

I am playing and playing, I just hope to win big at the end.

I finally gave up on my taxes declaration

I renew my taxes this last Sunday and at the end of the day, it was not 2000$ or something that I had to pay back in taxes… But it was 3000$. The more time I spend on my taxes declaration, the more I had to pay in taxes!

After what, I told myself it was time to get some help! I get organize and just yesterday, I bring my paper to the proper professionals’ lol. I still consider the fact that it cold happen I might have to pay 3 000$ on taxes, like if I had not paid enough already! Tomorrow with my newest pay, it’s 1 600$ I will have in my banking account, so I plan to use some checks I got form my credit card to raise the rest of the sum of money – in case I need it. This year is very awful for my taxes. But I will survive. Doing personal taxes can really be annoying and exhausting. The worst that can happen is that I actually have to pay 3 000$ in taxes, which I will be surprise. Nightmare. But is worst is paying taxes or having to give my $$$ away to some Quebec government that is now mine? LOL!

I learn a lot by trying to do my taxes and I am looking to share what I had learn really soon. Cool exciting projects coming on.

Go Hanwei go!

Hanwei Energy Services (HE) is up up up! Not that I stop believing in Hanwei, but it was a lovely surprise to see its value rise to 1.71$.

I cannot access my broker account at this time, but from what I remember, I had purchased 300 units of HE at the price of 2$ or so per unit. And of course, this investment – like other that I have – made me lost some money! Now, HE is at 1.70$ - which is extraordinary. I might even be able to make money from this investment one day. And one day, Hanwei Energy Services could even begin to distribute dividends to its shareholders. Maybe in a close future.

I really like Hanwei Energy Services and I believe it have good potential to grow over time. Hanwei is a BUY and HOLD forever lol!

Why? Hanwei has present in emerging markets, more especially in China and the company promote green energy. And this might be one of the reasons why Hanwei price had been rising lately. Among their activity, Hanwei deliver Wind turbines and had growing business opportunities in Asia. Hanwei is also having interests in coal power, among other.

I am looking forward to see the price rising in the upcoming weeks.

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.

I just received a "free" 75$ on April 6th

I just come from my new morning job. Well, not exactly new because I was working there only during weekends. The supervisors seem to be surprise to see on weekday’s lol. The survey is ok and I hope to be working 36 hours at that job until the end of August. I just hope everything will go well. As for the rest, I still had my evening job. We begin to receive a bit more calls, and I am feeling better now as I was beginning to worry about loosing another job of mine... again lol. Look like recession is no more just "as seen on TV" deal for me...

Wonder what’s that free 75$ is all about? I received yesterday 75$ from Sprott Asset Management (SII). They had provided a special dividend – 15 cents per stocks. Since I own 500 stocks of SII, I just earn a fantastic 75$. It’s not that much, but it makes a nice little deposit on my credit line and around those times, I need money – whatever the provenance lol. So basically, I just transfer the 75$ as a payment on my credit line.

My first 50 000$ is now from Twitter

Check my cool profile:)

http://twitter.com/myfirst50000

Twitter is very fun to use. You write short paragraph and just post them, to whoever is reading you. I find out about Twitter first by watching Rick Sanchez on CNN. But it’s just very recently, yesterday actually, that I register. And of course, I am following Rick Sanchez on Twitter :)

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!