Money talk: I now own 61 095.40$ in assets

I didn’t think I was going to reach the 60 000$ in assets by the end of 2009, but I did… with the help of leverage. So I am now at 61 095.40$, believe it or not lol… I am very happy with the whole thing. The stock market is not too bad, companies continue to pay dividend… I am in a perfect position right now to achieve whatever I want in my financial life. My dream would be to have a 6 figures portfolio by the end of 2010. If the market remain relatively stable and if I continue working at the jobs I have right now, and if I continue to follow Derek Foster tips and tricks well, I could be in a good shape to reach the 100 000$ value investment portfolio in 2010. It’s not impossible, truly achievable. So as you can see, the reading of Derek Foster 4 books had been quite helpful!

I am aware of the situation of the .UN investments I hold. Derek Foster had actually written an article about it in one of his newsletter. I am not afraid for PIF.UN, either JE.UN. But regarding YLO.UN, BA.UN, I am not too sure what to thing. Thanks to our fantastic federal government (lol!), I have a lot to worry about. This is about MY dividend. It’s my earnings we are talking about right now… lol…. Since I don’t know what to do, and since I have purchase all of those beautiful .UN investment, in the meantime, I will enjoy their juicy dividend.

I make another investment purchase this week with 300 units of Enbridge Income Fund (ENF.UN). I know… another .UN investment… But since Derek Foster had this investment himself, I told myself, why not? Some follow Buffet, Eric Sprott or other superstar of the market, but me, My First 50 000$ kind of girl, follow Derek Foster. And it work!

Need any examples of my success because I carefully follow Derek Foster tips and tricks? Here we go:

-I invest in some PGF.UN, got some dividend (an average of 50$ per month for a couple of months), but when the company cut their dividend for the third or second time for a dividend of 7 cents per month… I was done with PGF.UN.. I sell, and I make a profit, small still, but a profit is a profit, out of the sell.

-I invest in PIF.UN. And currently, I gain more than 1 000$ out of my investment! And PIF.UN provide an annual dividend of 1.56$ per unit!!!

-This week, I invest in 300 units of ENF.UN and the next day, my gain were more than 75$. In date of December 5th, I gain more than 100$ from this investment – and it’s only been a week.

-I invested in LIV.UN a while ago, earn dividend for a little while. After they cut their dividend, I was tired of having LIV.UN in my portfolio… So I sell, and make a profit (small, but still, a profit is a profit) out of the sell…

-I never lost any money by following Derek Foster tips and tricks! This is true!

So I truly appreciate Derek Foster books for all of those reasons. 2010 will be the year where we will be able to discover more about the market and find out if my idea of following Derek Foster was good or not… But so far so good!

My investment portfolio in date of November 21, 2009

Savings:
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 037$
Timminco (TIM): 326$
Blue Note Mining (BNT): 52$
Bank of Nova Scotia (BNS): 5 066$
Hanwei Energy Services (HE): 216$
Methanex Corporation (MX): 1 934$
Fortis (FTS): 2 753$
Pembina Pipeline Income Fund (PIF.UN): 6 702$
Just Energy Income Fund (JE.UN): 5 214$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 216$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 701$
Pengrowth Energy Trust (PGF.UN): 61$
TOTAL: 29 800$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 944$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 490.29$
Creststreet Alternative Energy Fund: 1 137$
TOTAL: 3 627.29$

RRSP:
CIBC Dividend Fund: 478.86$
CIBC Emerging Markets Index Fund: 476.21$
CIBC Monthly Income Fund: 956.79$

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: 111.04$
TD Monthly Income: 99.19$
TD Emerging Markets: 82.18$
TD Energy: 80.44$
TD Precious Metals: 107.18$
TD Latin American Growth: 96.92$
TD Entertainment & Communications: 100.56$
TD Dividend Growth: 187.49$
TD U.S. Mid-Cap Growth: 92.64$

Maritime Life International Equity Fund (Templeton):
675.02$
Manulife Simplicity Growth Portfolio: 839.63$
Maritime Life CI Harbour Seg Fund: 1 001.35$
Maritime Life Fidelity True North Seg Fund: 948.33$
Maritime Life Trimark Europlus Seg Fund: 619.62$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 482.88$
RBC U.S. Mid-Cap Equity Fund C$: 1 671.27$
RBC Global Resources Fund: 786.61$
RBC O'Shaughnessy International Equity Fund:
643.62$
RBC O'Shaughnessy All-Canadian Equity
Fund: 930.13$
GIC Canadian Market: 1 000$

TOTAL: 18 163.75$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (44.63$):
56 622.36$
[In date of November 21, 2009]

Everything is fine with Sprott Inc. (SII)

I actually call TD Waterhouse, asking them why I didn't received a DRIP from my dividend. My problem was that I was supposed to received the Sprott Inc. (SII) dividend in form of a DRIP, in order to acquire new stocks. But instead, I had received the whole dividend (12.57$ exactly lol) in cash. So I call TD Waterhouse once this weekend - but they couldn't help because of the weekend so I call back yesterday and I was told it should had probably put in a DRIP, but didn't... So I was all f*** up as you can imagine. But not later than this morning, what did I see... tadammmmm 2 brand new stocks of Sprott Inc. (SII) in my portfolio yeah! There you go. It was pretty easy to deal with TD Waterhouse regarding this situation, but I had to control myself not to start screeming at them... :)

So I was all wrong, Sprott Inc (SII) is definitely a good company and they are not s******. I am one, but not them... :))))))))))))))))

I had purchased yesterday 300 units of ENF.UN - Enbridge Income Fund and guess what, the investment increase of 75$ or so in one day.... Some got it and some doesn't lol

I place an order to purchase 300 units of Enbridge Income Fund

Yesterday, I took more than 3 500$ from my credit line and transfer the fund into my broker account and... I place an order to purchase 300 units of Enbridge Income Fund. My max price is 12$... So I am pretty happy with this purchase. After what, I won't invest again until next year.. So let's say my portfolio is now close and complete for 2009.

No news for Sprott Inc. (SII)

I don't know what's going on with Sprott Inc. (SII). I call TD Waterhouse, but I was told to call on Monday to find out what's going on, so verification can be made. But from my point of view, it's appear clearly: Sprott Inc. (SII) had canceled their DRIP program without letting know their shareholders. It's appear to be almost impossible that an error occur at TD Waterhouse since all data, DRIP, non-DRIP are being treated via their informatic system. So my Sprott Inc. dividend didn't DRIP because the DRIP program had been cancel by those f****** lol. Guess I won't be purchasing any Sprott mutual funds and/or any of their stocks anytime soon. I just cannot wait for their stocks to increase to the old 9$ so I can eventually sale all of my stocks and also, I want to sell my Sprott Canadian Equity mutual funds. The fund s*** just like managers are, s******. Got it? :))))

Lazy Sunday

I am having problems with Sprott

I didn’t find yet what’s going on with my Sprott dividend as I just wake up… Let’s say it’s an easy Sunday. But as soon as go outside, I am going to call TD Waterhouse, to ask what’s going on. I also have to make sure my DRIP is still on for all of my other investments. Remember what I said about the DRIP last time? It’s allowing me to earn an extra 100$ (more on less) directly from my investment portfolio.

Derek Foster fourth book: Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor a review by My First 50 000$

Yesterday was an easy day and I didn’t do much. Right now, I am just in need of time where I don’t do anything. I had purchased Derek Foster latest book: Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor. At first, the title sound weird at first for me, Derek Foster wasn’t a millionaire, but with his house which is mortgage free and his car, well, Derek Foster IS a millionaire. The title is catchy and funny. I had purchased Derek Foster book at Chapters on St-Catherine St. There’s still a couple of Derek Foster books waiting for you lol. I get through the reading of Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor easily. This one is easier than the Money for Nothing, which, I had to admit, didn’t understand too much. But as Derek Foster explains himself, Money for Nothing is more for sophistical investors, which I am truly not lol. So I prefer to stick to the basic and with things I can understand. Right now, a thing that I don’t understand is my Sprott dividends… And I am going to find out in a couple of minutes.

The reading of Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor was very funny for me because there’s a pat where Derek talk about banks and it make me laugh because well, I am now working for a bank lol.

Derek Foster had started a new project earlier this month: newsletters. There have been 2 so far, interesting as always published on his web site: stopworking.ca. Very nice and I think it’s good for him. So far, Derek Foster was making a great contribution on Canadian Business forum. So it’s good he gets to work a bit more for himself than for other and get a place where he can write over the Internet without being judge or attack.

There just one little thing I don’t understand about Derek Foster: where in the world are his Google AdSense ads?

As always at the end of his book, Derek presents an update of his portfolio. I made a lot of cash on Pembina Pipeline Income Fund (PIF.UN). And I first purchase Pembina Pipeline Income Fund (PIF.UN) because it was from Derek Foster portfolio. I had more than 3 000$ available to invest on my credit line. As you know, I wanted to invest in Brookfield Renewable Power Fund (BRC.UN) for a very long time. Earlier this week, I wanted to invest in 200 units of Brookfield Renewable Power Fund but I had to say, I wasn’t so sure of the pick and well, I didn’t invest in BRC.UN. While looking at Derek Foster portfolio update, I take a look and I find out that Derek was investing in Enbridge – put in their unit fund. So I guess I will be placing an order for 300 units of Enbridge Income Fund. But will place the order later on this evening, after calling TD Waterhouse.

Investing using my TD credit line: why do I do so? I love leverage

My 5 000$ loan at 8% with TD credit line require a minimum payment of 150$, which I can easily afford at this time with my 2 jobs. The other credit line I have at my job (at a super low interest rate) require a minimum of 100$. I can afford those payments. I am using leverage – but I only using what I can afford to pay.

Those it worth it? For me, the answer is yes, because the dividend covers the payment of the interest and it worth it all the way because my dividend are being reinvested. Reading Derek Foster fourth book just boost my confidence is the market.

About my latest investment and their dividend:

Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.90$ (yearly dividend) = 290$
Enbridge Income Fund: 300 units x 1.15$ = 345$

290$ + 345$ = 635$

5 000$ at an interest rate of 8% = 400$ in interest

635$ - 400$ = 235$

I win 235$ in free money by using leverage. I will definitely place an order to purchase 300 units of Enbridge Income Fund. Units of Enbridge are cheaper than the real deal – Enbridge stocks (ENB). ENB stocks are at more than 40$ per stock… Can I afford it? The answer is no…. lol.

In conclusion for now

For now, I am going to call TD Waterhouse to find out what’s going on with Sprott and also, I am going to read my banking stuff at a café. And later on, I will place my order for 300 units of Enbridge Income Fund.

What’s going on with Sprott dividend?

So far, I had received Sprott dividend for its company Sprott Inc. (SII) without any problem. Just now, after giving a quick look to my very awesome stocks and units portfolio lolllllll, I just saw something new: my Sprott dividends were in. A little but very welcome 12.57$. No problem there. Extra cash is always welcome. But, the only problem is that I received the whole 12.57$ in cash. No dividend had been reinvested. How come?

Last time, my dividend of Sprott were reinvested, which allow be to get new Sprott stocks. But this time, the money was there, living in cash in my broker account. Maybe would they be reinvested on Monday? I really don’t know, but the whole thing is very strange. All of my dividend are being reinvested and a 12.57$ would had normally let me earn 3 extra stocks of Sprott. Could me that the DRIP program had been cancel by Sprott Inc. (SII)? I have to call TD Waterhouse tomorrow. I could call them now, but it’s cold outside and to tell the true, I am some kind of tired, even if I wake up late in the afternoon. My 9AM to midnight schedule is killing me.

I guess it’s possible. But in this case, as soon as the stock price of Sprott increase to the old 9$, I will be selling all of them. That’s for sure. I cannot talk for now since I don’t really know what’s going on but if Sprott cancel its DRIP plan without my authorization, it’s not going to be pretty at all lolll. I am in fire.

Money, dividend and life

I finish my evening job ealier today, as I ask to leave earlier, and I was able to leave early… I took my first calls during the afternoon at the new job I have on today, and it was quite of a challenge. It’s not easy at all for me. For now, everything is fine, I pass my third exam. They are not always very kind at my new job, but I don’t bother that much. My expectations were not very high since I am in Quebec. Sometimes, just a little something splash in my face and remind me that, yeahhh I am in Quebec, in a « country » where foreign doctors had to become taxi drivers to make their living and where idiots like Brian Mulroney and Henri-Paul Rousseau get easily forgive for their wrong actions… Bunch of juicy details righ here lol.With my 2 jobs, money is good, my portfolio is doing well. Basicly for the year 2009 so far, I had reached all of my investment goal. I had reached my first 50 000$ in assets and I had reached the equivalent of 200$ per month in dividend income. Next step will be to work on paying up some debts, while continuing to increase my portfolio from time to time. I also want to put some money aside in my ING Direct account. So many things going on. Everything seem to be possible. I find out about Derek Foster fourth book just recently and I plan to purchase it this weekend. Cannot wait to find out about new tricks on how to become a millionnaire :))))

I am now at an investment portfolio of 56 622.36$

I now have reach 56 622.36$ in investment. Really fantastic. I am very happy with my brand new investment – 100 units of Bell Aliant Regional Communications Income Fund (BA.UN) I purchase earlier this week.

I have 18 019.62$ in debts. I calculate the amount of interest I will pay for a full year, and it make 885.56$... Which is not enormous, but still…

Sadly, here are my debts: :)

Student loan: 8 719.08$ at 4.75%
TD credit line: 2 718.76$ at 8%
TD Visa: 1 681.78$ at 4.9% for 6 months
New credit line: 4 900$ at a super low interest!
TOTAL: 18 019.62$

I will be working at paying my debts in the upcoming months; I just have to stop buying stocks or units whenever some money becomes available on my credit line…

Imagine it : the interest rate on my new credit line is lower than the one of my student loan! Isn’t fantastic? So here is the plan: to pay off my TD credit line, after pay of my TD Visa at 4.9% and after, pay off my student loan. I can achieve this in about 6 months or so… I will have to watch out my expenses carefully and slow down on coffees, junk and everything else…

At this point, since my stocks and units portfolio is slowly taking form, it’s important to pay off some debts and more important part is that I need to remain debt free and stop investing using my credit line. It’s very difficult for not to invest and just pay off debts… I find paying debts very boring because it doesn’t bring anything new to my portfolio.

And talking about my investment portfolio, let’s upgrade our yearly dividend income!! Yeahhh

Bank of Nova Scotia (BNS): 104 stocks x 1.96$ = 203.84$
Fortis (FTS): 103 stocks x 1.04$ = 107.12$
Just Energy Income Fund (JE.UN): 408 units x 1.405$ = 573.24$
Methanex Corporation (MX): 103 stocks x 0.685$ = 70.56$
Pembina Pipeline Income Fund (PIF.UN): 404 units x 1.56$ = 630.24$
Pengrowth Energy Trust (PGF.UN): 6 units x 0.84$ = 5.04$
Sprott Inc. (SII): 503 stocks x 0.10$ = 50.30$
Yellow Pages Income Fund (YLO.UN): 415 units x 0.80$ = 332$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.892$ = 289.20$

TOTAL: 2 261.54$
(average of 188$ per month)

My goal was to reach the equivalent of 200$ in dividend. I can easily say the goal will be reach in 2010, because of the DRIP I am register to with BNS, FTS, JE.UN, MX, PIF.UN, SII and YLO.UN. With those DRIP, I should earn an extra 100$. It’s not anytime soon I will be able to retired lol, but its fun to try to…. Early retirement on the way... 911

My investment portfolio in date of October 10, 2009

Savings:
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 270$
Timminco (TIM): 258$
Blue Note Mining (BNT): 56$
Bank of Nova Scotia (BNS): 4 868$
Hanwei Energy Services (HE): 243$
Methanex Corporation (MX): 2 013$
Fortis (FTS): 2 622$
Pembina Pipeline Income Fund (PIF.UN): 6 107$
Just Energy Income Fund (JE.UN): 5 616$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 270$
TOTAL: 26 519$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 588$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 473.86$
Creststreet Alternative Energy Fund: 1 170$
TOTAL: 3 643.86$

RRSP:
CIBC Dividend Fund: 478.44$
CIBC Emerging Markets Index Fund: 456.69$
CIBC Monthly Income Fund: 951.39$

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: 109.05$
TD Monthly Income: 98.87$
TD Emerging Markets: 78.47$
TD Energy: 81.11$
TD Precious Metals: 97.58$
TD Latin American Growth: 91.62$
TD Entertainment & Communications: 95.73$
TD Dividend Growth: 186.68$
TD U.S. Mid-Cap Growth: 91.94$

Maritime Life International Equity Fund (Templeton):
660.47$
Manulife Simplicity Growth Portfolio: 827.03$
Maritime Life CI Harbour Seg Fund: 988.14$
Maritime Life Fidelity True North Seg Fund: 929.15$
Maritime Life Trimark Europlus Seg Fund: 589.65$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 480.53$
RBC U.S. Mid-Cap Equity Fund C$: 1 674.91$
RBC Global Resources Fund: 781.78$
RBC O'Shaughnessy International Equity Fund:
644.26$
RBC O'Shaughnessy All-Canadian Equity
Fund: 913.37$
GIC Canadian Market: 1 000$

TOTAL: 18 002.65$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (37.17$):
52 833.37$
[In date of October 10, 2009]