Overtime, paycheck and debts

I didn’t receive any calls from my weekend job today. Does it mean there is no work or there’s no work for me or… even worst… did they forget about me? I won’t ever know because I didn’t call to verify if there was work. Since I currently have overtime for this weekend at my evening job, I don’t care too much for the rest for now. I check my credit card balances yesterday and my expenses were not as bad as I taught. I will be able to pay it all by the time of my next paycheck. Seem like my next 100 units of Pembina Pipeline Income Fund (PIF.UN) investment will unfortunately have to wait for an extra month or 2. I really want to reach 200$ per month in dividend money as soon as possible. I can do it, the challenge is quite… challenging.

But after October 9th, once my credit cards bad debt will be all paid off, I will feel a lot much better and starting from there, all the money made will be to reach my goal. At this point, I feel important to save some money aside, outside my investment. At this point, all my money is invested and in case of need, I wouldn’t like to sell my investments. A 2 000$, or even just a 1 000$ aside in case of emergencies could be beneficial.

Doing a bunch of extra hours in a short period of time is always exhausting and it’s currently what I am doing. This remember last year when I was working during daytime at my 2 jobs from 9 am to 1:30pm and than from 3pm to midnight. Seem like the day never come to an end when I work from 9 to midnight. Since I am now working this weekend, I plan to do 12 hours on Saturday and Sunday… Very terrible week. I am looking forward for a 1 100$ paycheck for the next one, as I really need it. After that, I will probably begin my search for something daytime, as second job. And than after that I hope my weekend job will begin again.

Building a stocks and units portfolio for dividend income is certainly one of the most difficult thing. It take serious amount of money to be able to invest. For my next investment, 100 units of Pembina Pipeline Income Fund (PIF.UN), I will probably need a minimum of 1 580$. It’s represent a lot of money. Does the little 156$ in return – in dividend income worth it? YES.

Fantastic gain in my investment portfolio (1:20PM)

No overtime today as I felt super exhausted. But this night, I am going to bed as soon as I arrive and watch out, tomorrow, I am going to do from 9AM to midnight. It’s going to be crazyyyyy. And right now, as I just wake up and log in into my online broker account…… tadammmmmmmmm…….. My stocks and units investment portfolio is up to 27 177.52$! Hope it will finish the day that way. It’s even better than yesterday! Compare to yesterday, where I was at 26 907.77$, I gain 269.75$! I don’t even make that much in a day, even with overtime at my job!

If we compare to September 20, where our stocks and units investment portfolio was at 26 195$, we gain, in date of today, a fantastic 982.52! That’s the power of the stock market! Right now, it could happen that my net value is around 54 000$. For the end of September, I am waiting for my Just Energy Income Fund (JE.UN) and Methanex Corporation (MX). Nice little gain there among the way.

Derek Foster strategy IS really working. And his strategy is going to make me become a really rich girl $$$ lol. And I cannot imagine how it will be when the market will reach it will 15 000 points. It’s going to be fantastic. In the meantime, I want to invest more in my portfolio! That’s the plan. But for now, I have to do overtime… I just have to go to bed earlier. Which is completely out of sense.

A gain of 712.77$ in my stocks and units portfolio

Today went very fine. I was able to do what I wanted to do, I just some couple of things to do. And nice surprise: my porfolio gain some nice points.

On date of today, my stocks and units investment portfolio is up to 26 907.77$, compare to 26 195$ on date of September 20. It’s a value increase of 712.77$! Overall, I may had gain an extra 1 000$ today… Which now make a total of 53 430.87$! I won’t calculate my overall value because it’s represent quite some work since all the money is all around the place, but I guess the 1 000$ or around 1 000$ increase gain is quite realistic. Things are slowly getting better and one day, I will about my bad luck with Timminco (TIM) and Sprott (SII).

Lessons learn: stick to Derek Foster strategy and not ty to be too adventurous when it come to investments. And forget about penny stocks. I don’t thing I will invest anymore in penny stocks, even if I feel quite awesome what Timothy Sykes can do with his penny stocks trading. But I had enough of penny stocks for now and I am pretty upset about my 3 penny stocks investments, Blue Note Mining (BNT) Hanwei Energy Services (HE) and Dumont Nickel (DNI). Even if those 3 are not performing too well, they still represent, from my point of view, good investments. Just when I taught that I regret my 100 units investment in Livingston International Income Fund (LIV.UN), the value to today had outpass the value of my initial investment. Quite not bad at all. But now, one question remains: can Livingston International Income Fund (LIV.UN) pays back dividend like before? I just hope it will!

I just cannot wait to make my next investment, 100 units of Pembina Pipeline Income Fund (PIF.UN).

Lucky lucky lucky

Just like I taught, I didn’t wake up early this morning as I spend half of the night in front my laptop again… but… good news! I didn’t find a daytime job, but… there’s overtime available this week at my job! I see it at a sign of God, who doesn’t want I burn out myself by working at different jobs at the same time…

Anyway, if only I would had known in advance, I will have organize my stuff this weekend, but I hope to do it all tomorrow and do to the movie in the afternoon and than, from Wednesday to Saturday – maybe even Sunday if I can, I will do overtime! I am very happy about it and I am going to do the maximum of hours that I can. I just hope to be able to finalize my credit card payments this upcoming October. I would very much invest in 100 units of Pembina Pipeline Income Fund (PIF.UN) in order to benefit from the dividend reinvestment plan (DRIP). Right now, I am receiving 13.13$ per month from Pembina Pipeline Income Fund (PIF.UN) in dividend income. I cannot earn a new unit from that 13.13$ because the price of each Pempina Pipeline unit right now is over 15$. If I could get 100 extra units of PIF.UN, I could certainly earn one unit from the dividend reinvestment plan. That’s the plan. I cannot wait to invest again because it’s seem like it’s been like a really long time I didn’t purchase anything.

I am very happy right now. It’s seem like everything will be fine for now. If things continue to going well like this I might be able to reach the 55 000$ in assets really soon.

Suze Orman vs Derek Foster

It had been a very nice weekend, and it’s not quite over yet! I did over 200$ of shopping, but it was for stuff that was needed. After what, I won’t need to purchase anything else than groceries for a little while. I am trying to get all of my usual done before beginning my job search. I hope to find a daytime job soon that will fit with my current evening job. I am too thrilled about getting on the same pattern as before, but I really want to increase my investment portfolio and increase my dividend earnings by the same occasion. I hope to be able to make 3 000$ per month after taxes, and even more if possible, just like before, back in 2008.

Suze Orman vs Derek Foster

After shopping, I had some time to read books and magazines at Chapters, like I love to do. I get through the reading of some Suze Orman books. I really like reading about her money tips and her story. It’s very fascinating. But my relation to money is quite different to hers. And maybe I should change my way, but I am not willing to do that for now. Let’s me explain. For Suze Orman, it’s all about getting a career, to like our job and like what we like to do. And for her, well, from what I understand, an individual should work in a field he or she likes, in something we like, before thinking about the money first. I don’t have any problem with that part. Happiness comes before money. I don’t have any problem with that.

With Suze Orman, it’s all about starting from no where and builds something strong, like a career, getting out of debt, get a good credit score in order to get the lowest interest possible on a loan for a car or a house, etc… It’s not about building a portfolio and leave to workplace forever. It’s about getting thing organized for a better future. Nice, I don’t have anything against it. Suze Orman is a great thinker, a positive writer and I am sure she help a lot of people out there, not only in the states, but also here in Canada. And also, that 401(k) that Suze Orman talks on her books well, it seems to be our Canadian RRSP lol. Her books are refreshing and I like the part where she said whenever we want to do something, like go back to school or look for a job or whatever other project we have in mind we have to do it right now because later, it will always be more difficult. I am saying things in my own world of course here, but that’s what comes from my understanding. Very refreshing reading as you can see. And I am more than ever ready to take some actions.

Anyway, I wanted to take the summer off, I take it off in some way and now, well, I am back where I was a year a go, job searching for a daytime job.

I went through a quick reading but gees, there’s nothing in Suze Orman books about building a portfolio and stop working forever. Because guess what, that’s Derek Foster books! Suze Orman is more like a financial advisor and Derek Foster is the stock guru for middle class. Or for even lower lol. I wanted to read stuff about getting out of the workplace, stop working and other, but with Suze Orman books, I find too much of common sense. I am a dreamer, I want to retire early and my career goal is to spend some time trying to make money online, collect my dividend income and count my investments. That’s what I want to do with my life. That’s my goal. It’s nice to have an eye on a career, but it’s better to build a portfolio as soon as possible and get out of workplace, as soon as possible too lol. That’s my personal opinion, of course.

I am slowly getting mentally ready to work, like before 70-80 hours per week... :)

My investment portfolio in date of August 26, 2009

This was my portfolio investment in date of August 26, 2009. It was just one day before my birthday, and it was when I was still owning Desjardins Fidelity True North Fund. I had sell Desjardins Fidelity True North Fund in order to pay off a credit card debt. Not that I like to sell my investment, I never sell any of my investment before. But it's better to sell than having too much debts.

This was on date of August 26, 2009. I a posting it here to keep track:

Savings:
307.79$ (ING Direct)

Non RRSP Investments:
Stocks & Units portfolio
Sprott Inc. (SII): 1 650$
Timminco (TIM): 268$
Blue Note Mining (BN): 120$
Bank of Nova Scotia (BNS): 4 806$
Hanwei Energy Services (HE): 336$
Methanex Corporation (MX): 1 939$
Fortis (FTS): 2 550$
Pengrowth Energy Trust (PGF.UN):
6 256$
Livingston International Income Fund
(LIV.UN): 577$
Pembina Pipeline Income Fund (PIF.UN): 1 562$
Just Energy Income Fund (JE.UN): 2 566$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 045$
TOTAL: 25 135$

Mutual funds
Sprott Canadian Equity Fund: 4 032$
Desjardins Fidelity True North Fund: 1 046.40$
TOTAL: 5 078.40$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 362.26$
Creststreet Alternative Energy Fund: 1 110$
TOTAL: 3 472.26$

RRSP:
CIBC Dividend Fund: 460.64$
CIBC Emerging Markets Index Fund: 435.17$
CIBC Monthly Income Fund: 936.70$

Energy and Base Metals Term Savings (Indexed term savings): 503.46$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 098.49$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.79$
TD Monthly Income: 96.25$
TD Emerging Markets: 74.88$
TD Energy: 75.20$
TD Precious Metals: 82.21$
TD Latin American Growth: 83.86$
TD Entertainment & Communications: 91.56$
TD Dividend Growth: 182.17$
TD U.S. Mid-Cap Growth: 89.99$

Maritime Life International Equity Fund (Templeton):
650.72$
Manulife Simplicity Growth Portfolio: 802$
Maritime Life CI Harbour Seg Fund: 953.52$
Maritime Life Fidelity True North Seg Fund: 894.78$
Maritime Life Trimark Europlus Seg Fund: 576.20$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 466.22$
RBC U.S. Mid-Cap Equity Fund C$: 1 668.56$
RBC Global Resources Fund: 702.97$
RBC O'Shaughnessy International Equity Fund:
637.68$
RBC O'Shaughnessy All-Canadian Equity
Fund: 848.11$
GIC Canadian Market: 1 000$
TOTAL: 17 614.97$

Social Capital at Desjardins Membership share for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (33.37$):
51 681.79$
[In date of August 26, 2009]

What's nice is that even after I had sell the Desjardins Fidelity True North Fund, my portfolio value had increased to 52 430.87$, thanks to the TSX and my investments.

I am now a red hair girl like Lindsay Lohan

Or I will become a beautiful red hair girl investor tomorrow. I buy a new coloration. Last time, I had bought a shade of brown. And today, I had a red hair shade call Natural Dark Auburn. Cannot yet for the result tomorrow! It’s been a long time since I didn’t do anything with my hair. I plan to get a hair cut too sometime too before « hitting » the job market and maybe search for a daytime job. The reason why? Simply because I need more money to continue my investment project and I don’t care if I have to work 80 hours per week to make it happen.

Dividend multiple little gifts

I like to arrive from work, log in to my laptop, access to my online stock brokers and… see that I had received some juicy dividend. This week, I had received 13.13$ from Pembina Pipeline Income Fund (PIF.UN). No DRIP for that once, since the price per unit is more than 15$ right now. I would like to invest in 200 extra units of Pembina Pipeline Income Fund (PIF.UN) in order to benefit from the DRIP I am register to. This way, I could earn at least 2 extra new units of Pembina Pipeline Income Fund per month. That will be very nice.

And just today, I had received 64.30$ in Pengrowth Energy Trust (PGF.UN) dividend. I had earned 7 new units of PGF.UN. I am now at a fantastic 650 units. Next month, I should expected 65$ from Pengrowth Energy. But fact is, no dividend had been declared coming from PGF.UN for the month of October. But I believe there will be a dividend distribution for Pengrowth Energy Trust (PGF.UN).

As for today, the TSX lost some points, but is still over the 11 000 points, which is very good. And my portfolio is performing quite well. No sell made yet fro Dumont Nickel (DNI) at 4 cents… but good news! (More to come in another post regarding Dumont Nickel).

About Sprott Canadian Equity Fund

This week, since a very long time time, Sprott Canadian Equity Fund had reached the price of 30$ per unit. This is a real sign that the economy is doing better. I hope the price will increase again because I lost quite some money with this fund. As soon as will recover from the money lost, I will sell Sprott Canadian Equity Fund to invest in companies, like in my newest finding: Brookfield Renewable Power Fund (BRC.UN). And not to forget the extra 200 units of Pembina Pipeline Income Fund (PIF.UN) I want to invest in.

About me searching for a daytime job

Over the last couple of weeks, I was on a slow motion mode, working at my evening jobs and weekend job only, until 1 or 2 months ago, time is running so fast. I didn’t work as hard as I could for various reasons. I got kind of a small emotional break down when I finally reach my first 50 000$ value in assets in August. I felt kind of fulfilled after that.

But now, break time is over. I want to earn more money in order to extend my portfolio. I could easily reach 75 000$ in assets if I really work into it and if I continue to diversify my portfolio. I currently have a nice value in my portfolio and its fun to see the whole retirement nest egg taking form. For the vast majority, my investment picks had been pretty good so far. The key is to diversify. And one day, without knowing how, I will have 100 000$ value in assets and, let’s hope, a nice dividend income.

Other than dying my hair in red tomorrow, I have other projects on the way. I want to pay off my bad credit card debt in totality by the month of October. My credit cards balance transfer certainly help me to save money among the way. At this point, I don’t need any debt assistance, but I plan to get rid or some other debt among the way, like my student loan debt. I am currently stock with my Scotia iTRADE account. Always that question regarding the form I have a problem with – the do-you-own-a-broker-account-someplace-else part. Am not willing to give the answer to Scotia iTRADE. In consequence, I didn’t open any account yet.

Yellow Pages Income Fund dividend is now in the house

Today was a nice day. I finally was able to see Julie & Julia at the movie. My review will come soon. And today, I had received my Yellow Pages Income Fund (YLO.UN) for the month of September!

I had received 26.74$ and 4 brand new units of Yellow Pages Income Fund. My portfolio is slowly increasing. I just cannot wait to receive my Pengrowth dividend for the month of September. My Pengrowth is the largest amount of dividend I receive each month and I am always excited to receive this one. Today was quite spectacular as the TSX close at more than 11 400 points. Sign that things are also « slowly » getting better. It would be too great if I could finally complete my sell of 23 000 stocks of Dumont Nickel (DNI) at 4 cents per stock… I am just hoping the TSX will continue on his way and the economy will remain relatively stable.

As a small investor, I had suffered enough from the bad stock market. I am just hoping for the best and looking for new investment opportunities.

I had received my August dividend of Just Energy Income Fund

I won’t make this post too long since I want to wake up early tomorrow since I have a lot to do and also want to finally see Julie&Julia at the Theatre…

GREAT NEWS: I had received my new unit of Just Energy Income Fund (JE.UN) today! I now own 204 units of Just Energy Income Fund. Like that DRIP, but gees, sometimes, it can take some times for the new unit or stock to be add into the portfolio. Very long and annoying. The waiting delay, that’s the only thing that’s annoying with the DRIP. I had received on today September 14 the dividend of August… Anyway, at least, I had received it, I won’t complain. I had written an article about DRIP on HubPages: The power of a dividend reinvestment plan (DRIP) on an investment portfolio.

September 15 marks a wonderful day, as you can see at My Dividend Calendar Earnings 2009. I waiting a fantastic 64.30$ from PGF.UN and 22.29$ from YLO.UN in dividend earnings. It’s not that much of cash, but still, one day, those small amounts will increase. While waiting for that day to come, I will continue to blog and having fun with my dividend income.

Another great surprise, my Livingston International Income Fund is up to 623$, which is very close to the amount value of my initial investment, 635.97$. With this increase, can Livingston International Income Fund (LIV.UN) pay some dividends? LIV.UN had temporary suspend the payments of their dividend since a couple of months now. I am just waiting for Livingston International Income Fund (LIV.UN) to pay some dividends like it use to be.

And guess what, my Creststreet Alternative Energy Fund is up to 1 144$! Isn’t great? From a 1 000$ investment, I made 144$. Way too hot.

I just hope I can wake up early tomorrow to see Julie&Julia before hitting to work.

My TD Waterhouse investment portfolio in review

The following is a partial review of my portfolio, to analyze the loses and the gains… Since I hold many investments because I like my assets to be very diversified. Diversification is part of our investment strategy. I am only passing in review the content of my extremely valuable TD Waterhouse online investment portfolio lol. Let’s take a closer look at the money made… and lost…

Bank of Nova Scotia (BNS)
Initial investment: 4 616.42$
Currently: 4 694$
+77.58$

Blue Note Mining (BNT)
Initial investment: 689$
Current value: 88$
-601$

Dumont Nickel (DNI)
Initial investment: 719$
Current value: 460$
-259$

Fortis (FTS)
Initial investment: 2 573.13$
Current value: 2 548$
-25.13$

Hanwei Energy Services (HE)
Initial investment: 674$
Current value: 399$
-275$

Just Energy Income Fund (JE.UN)
Initial investment: 2 482.73$
Current value: 2 523$
+40.27$

Livingston International Income Fund (LIV.UN)
Initial investment: 635.97$
Current value: 602$
-33.97$

Methanex Corporation (MX)
Initial investment: 1 626.80$
Current value: 2 142$
+515.20$

Pembina Pipeline Income Fund (PIF.UN)
Initial investment: 1 241.70$
Current value: 1 539$
+297.30$

Pengrowth Energy Trust (PGF.UN)
Initial investment: 6 221.87$
Current value: 6 211$
-10.87$

Sprott Inc. (SII)
Initial investment: 4 934.99$
Current value: 2 017$
-2 917.99$

Timminco (TIM)
Initial investment: 4 065$
Current value: 252$
-3 813$

Yellow Pages Income Fund (YLO.UN)
Initial investment: 2 074.95$
Current value: 1 941$
-133.95$

Sprott Canadian Equity Fund
Initial investment: 7 033.50
Current value: 4 401$
-2 632.50$

Creststreet Alternative Energy Fund
Initial value: 1 000$
Current value: 1 123$
+123$

Overall initial investment: 40 589.06$
Overall portfolio current value: 30 941$
Money lost: 9 648.06$

As you can see, I lost a great deal of money in 2 major investments: Timminco (TIM) and Sprott Inc. (SII). After being the king of the TSX, Timminco is now… a penny stocks. I still hold Timminco because, well, it’s from my portfolio. And if I sell Timminco now, I won’t have any chance to recover from the lost of couple of thousands of dollars. At my age (29), I can deal with some losses. But no one invest in the goal to lost money. And of course, I will have preferred to face no losses at all, but I accept them. I accept my losses because I am investing for a long term basis. From the 9 648.06$ we can deduct my upcoming annual dividend earning of 2 059$. After what, my lost is only of 7 589.06$. Still a lot of money, but it’s better than the 9 648.06$...

A major surprise in our portfolio was the gained realize by Methanex (MX). For a reason or another, Methanex value literally “boom” from 15$ to 18$ and than, to almost 21$ per stock. This had been quite spectacular. I am not a specialist, I do not explain Methanex sudden gain, I just appreciate it. And like it.

The first gain we ever notice in our portfolio was with Pembina Pipeline Income Fund (PIF.UN). Back than, we had purchased 100 units of Pembina Pipeline Income Fund at 12$. And not too long after our investment, we saw the value of Pembina Pipeline Income Fund increasing to a fantastic 15$ per unit.

All the gains made are sign that the economy is getting better. We don’t expect to see Timminco rise to the old 20$ per stock like it use to be, but the gain made by our other investment will help us to recover from the losses we face with Timminco (TIM), Sprott Inc. (SII) and Sprott Canadian Equity Fund. All other losses are minor and are related to the market volatibility, which we are use to face now.

Our best investment: Bank of Nova Scotia (BNS), Fortis (FTS), Just Energy Income Fund (JE.UN), Methanex Corporation (MX), Pembina Pipeline Income Fund (PIF.UN), Pengrowth Energy Trust (PGF.UN) and Creststreet Alternative Energy Fund.

We are now a step closer to financial freedom.