My 2009 financial year in review

2009 had been a great year, financially speaking. Following Derek Foster strategy had been, so far, one of the greatest things I ever done in my entire life. And it’s all start in 2009, and it will definitely continue in 2010.

I had been working very hard at building myself a strong investment portfolio. And surprise: I was kind of successful at it! But for several months, I taught I was going no where, some of my investment had lost some great value. But I believe things were going to be better eventually. And it did. And I am very happy it did because I was in need of something like this. Doesn’t feel great to be successful at something, at least one thing? lol…. Anyway, the way I make it was pretty easy but it requires a lot of hard work because my situation on the workplace but…. Forget about those poor recruiters who didn’t want of me when it was time. And forget about those jobs that are under-paying me! I am going to make it just for all of those *******! (Got an idea of the word?) lol… And talking about personal revenge, I got part of that in 2009. I had my revenge but I am a fabulous investor.

It’s all about following your own ideas and doing what you believe is good for you financially speaking once you get a picture of the whole thing. Since I work more than 60 hours per week, I don’t have too much time to educate myself on finance and stuff, so I rely on Derek Foster a lot and, when I learn about Derek Foster fourth book, I just run to the Chapters as quickly as possible to get it.

Anyhow, to come back to my own strategy, among the way, I become addict to the stock market and I absolutely need to make at least a « purchase » if not every month, every 2 months or so of a new investment. If I don’t invest for more than 2 months, I feel unsatisfied ;o) and I always like it so much to add another company to my collection.

My way of investment can be seen as making no sense, but the most important thing is, I believe, to invest, even if are talking, in my case, small amount of money each time. But what’s fantastic in my case is that those small investments had, in many cases, grow and had provided dividend.

I am very happy with the results and with my financial experience of 2009. It’s been a brake-through experience as it was the first time ever I was purchasing stocks and units.

Here are some investments that turn pretty well for me:

Bank of Nova Scotia (BNS)
Initial amount invested: 4 661.55$
Value on date of December 31: 5 116$
Profit made: +454.45$

Enbridge Income Fund (ENF.UN)
Initial amount invested: 3 584$
Value on date of December 31: 3 966$
Profit made: +382$

Fortis (FTS)
Initial amount invested: 2 598.79$
Value on date of December 31: 2 981$
Profit made: +382.21$

Just Energy Income Fund (JE.UN)
Initial amount invested: 5 392.04$
Value on date of December 31: 5 918$
Profit made: + 525.96$

Methanex Corporation (MX)
Initial amount invested: 1 626.80$
Value on date of December 31: 2 104$
Profit made: +477.20$

Pembina Pipeline Income Fund (PIF.UN)
Initial amount invested: 5 926.11$
Value on date of December 31: 7 110$
Profit made: +1 183.89$

Yellow Pages Income Fund (YLO.UN)
Initial amount invested: 2 174.26$
Value on date of December 31: 2 251$
Profit made: + 76.74$

Bell Aliant Regional Communications Income Fund (BA.UN)
Initial amount invested: 2 709$
Value on date of December 31: 2 795$
Profit made: +86$

Total of profit made from my major stocks and units investment:

3 568.45$

And to this 3568.45$ we can add the 1 549.62$ I earned in 2009 from dividend. This make a total of 5 118.07$ in profit. Kind of nice!

What’s good about all this is that, thanks to Derek Foster, I am investor goddess and no one really knows about it :)

As you can see, it’s clearly possible to gain valuable money by investing in the stocks market. Those marvelous gains help me to recover from bad investments. In date of today, my good investment had did so well that I am about to reach the point where I am going to soon forget about my bad investment.

The key is to keep investing in different dividend paying companies and diversify-diversify-diversify! As you can see, I really like to diversify my investment portfolio!

Good investing party in 2010, the journey continues.

Magical winter snow is in Montreal today

I was working yesterday evening. But I wasn’t working during daytime, so I enjoy the rest. Today, I was off all day long. I wake up in the middle of the day, totally burn out lol. When I saw the weather outside, I decide it was a good day to do my hair. I like the red auburn color. I might go out for outside even if it’s still snowing. I stay in all day long. I need to take some fresh air, even if the fresh is.. kind of cold lol. I don’t like to spend all day long inside. I would like to bring my laptop to a cafe, but with all that snow outside, I would be afraid to fall, with my precious laptop, hard to the ground.

So yesterday, I call TD Waterhouse. It took me 10 minutes before being able to speak some somebody. And I was told that I should receive my Just Energy Income Fund (JE.UN) on Monday… Will I receive my units on Monday? I will have to wait.

I also try to get ride of the Sprott Canadian Equity Fund, but guess what? The representative was not license for Quebec, I was told to call today… So I wasn’t able to get anything done. So I politely hang up, all this without screaming.

Actually, I didn’t want to sell Sprott Canadian Equity Fund. Yes, I don’t like this fund, but I am willing to give Eric Sprott one last chance lol. The fund just begins to gain some consistent gain and I have to say, I am not going to punish myself just before I don’t like Eric Sprott. I have Sprott Canadian Equity Fund in my investment portfolio and, unfortunately, I have to deal with it.

On this, I am going outside to get a taste a cold winter night inside my brain.

Derek Foster vs Eric Sprott: who's the best investor?

Who’s the best investor between those 2, you believe? It’s of course Derek Foster. After selling his portfolio (around March 2009 or so), Derek Foster decide to stick to the stock market. He’s a good example to follow. But it’s not exactly the case when it comes to Eric Sprott of Sprott Asset Management LP.

No matter what Eric Sprott and his colleague David Franklin had to say about the bad shape of our economy, I am still on the road to reach 100 000$ in assets – and not 100 000$ in savings… There’s a major difference here. The “assets” provide a continuous cash flow in my investment portfolio and savings well, will provide me nothing at all. I am not a fan of 1% interest rate savings account.

Once again, I will like to come back to the article of Eric Sprott and David Franklin: “Is it all just a Ponzi scheme”. This type of article is kind of surprising knowing that Eric Sprott had blame the short stocks sellers (purchase stocks and sell shortly after to accumulate gain) for part of the problem – the bad shape of the stock market. What I consider bad shape is when the stock market gain consistent gain to loose them all 2 or 3 days later… Short term sellers may be part of the problem, but Eric Sprott represents a bigger problem on itself.

Of course, here at My First 50 000$ we are not from those who purchase stocks just in order to sell and accumulate gains. We invest to gain from dividend, and not gain from sell – at the exception of one experience we try to perform with Dumont Nickel (DNI). I currently hold 23 000 stocks of Dumont Nickel (DNI) that I had been trying to sell at 4 cents per stock. After several months, my sell order still on – I haven’t been able to sell my 23 000 stocks at 4 cents per stock yet.

Here at My First 50 000$, I sell for necessity – not in the purpose to make quick gain. And since, by the way, I am almost at 65 000$, I am not in need to quick gain cash here, it’s about building an investment portfolio for the long run.

The stupidity of Eric Sprott is obvious. This article had nothing to bring back the confidence of the investors who, after reading Eric Sprott and David Franklin. Sometimes, the persons who had power are sometimes the most ignorant of all. Remember George W. Bush? And now its turn to Eric Sprott to show publicly his own lack of knowledge. We may now understand better on why Jean-Francois Tardif had call for a too soon retirement back in July 2009.

We close the year 2009 with an overall value of 64 737.39$ in our investment portfolio. And in 2010, we will finish the year with at least 100 000$, no matter what Eric Sprott had to say.

Beat the steel when it’s hot, make money like crazy and forget about Eric Sprott

I am finishing the year of 2009 with 64 737.39$ in assets! Compare to December 21, I had something new in my portfolio: some cash! I had accumulated some cash for my next investment, that hope for not later than the end of January 2010. It’s looking good for a 75 000$ in 3 months or so, I hope or best, in even less time. I am feeling pretty confidence because even without any new investment being made, my portfolio keep growing.

My stocks and units portfolio alone, in date of December 21, worthed 36 661.08$. On date of January 1, the same portfolio worth 37 008.80$, which represent an increase of 347.72$ in less than 2 weeks.

While experimenting nice gain in very fantastic investment portfolio, I had to go through this – Mr. Eric Sprott again – thinks that our whole financial system will collapse will March 2010 or so… POOR MAN! Wouldn’t be time for Eric Sprott to look for retirement? The answer is: YES.

Eric Sprott might be seen as a poor man through my own eyes, but through some other eyes, Eric Sprott mean a big deal to some people, but Eric Sprott do not mean anything for me. Who does he thing he is to say such things! Investment is a lot about self-confidence and psychology. If, a well-known investor like Eric Sprott begins to make public declarations about a financial collapse – it’s not certainly going to help!

I hate Eric Sprott at this very moment because he had influence and some investors might sell their investments to listen to a so call stock-guru. Eric Sprott, if you don’t believe, just get out of there and shut the hell up!

Eric Sprott might achieve a great deal, but his Sprott Canadian Equity really do not do the job. Eric Sprott was able to manage pretty well his hedge fund, but when it come to his mutual fund, the Canadian Equirt one, the results are not that great. Why? And his Timminco (TIM) winner stock pick well, wasn’t at all a winner pick. So you can see that Eric Sprott had failed in many aspect of his investment career and his article just sign the beginning of the end. He might thing he hit pretty well with his “Is it all just a Ponzi scheme?” article, but Eric Sprott and David Franklin are just two clowns who really had nothing to do better in the holidays than to write this stupid article to make investors freak out. I mean, come on! Have a bit more respect for the stock market that had make yourself so rich and powerful.

So……….. Let’s all forget about Eric Sprott and his poor respect for the stocks market. This man is going to kill me.

I am going to erase all traces of Eric Sprott in my investment portfolio.

So here’s the plan:

Tomorrow, I am going to call TD Waterhouse and transfer the Sprott Canadian Equity Fund I hold into my Tax-free savings account. Once I will see that the transfer had been done, I will sell all the units I hold of the Sprott Canadian Equity Fund. This mutual fund is really all bullshit.

The sell will provide me about 5 000$ in cash, which I will use to invest in the Creststreet Alternative Energy Fund.

After this, I will still be holding Sprott Inc. (SII) stocks. And what am I going to do with those stocks? I am going to sell them. When, I don’t know. But I will definitely sell. And if you hold any Sprott Inc. (SII) stocks, I strongly suggest you to sell all stocks of Sprott Inc. (SII) you might hold in your investment portfolio.

Eric Sprott is an evil man.

My investment portfolio in date of December 21, 2009

Savings:
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 282.60$
Timminco (TIM): 250$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 009.68$
Hanwei Energy Services (HE): 213$
Methanex Corporation (MX): 2 060$
Fortis (FTS): 2 978.56$
Pembina Pipeline Income Fund (PIF.UN): 7 110.29$
Just Energy Income Fund (JE.UN): 5 848.53$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 179.80$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 782$
Pengrowth Energy Trust (PGF.UN): 61.62$
Enbridge Income Fund (ENF.UN): 3 960$
Corby Distilleries Limited (CDL.A): 1 540$
TOTAL: 36 661.08$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 869.68$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 593.02$
Creststreet Alternative Energy Fund: 1 179.58$
TOTAL: 3 772.60$

RRSP:
CIBC Dividend Growth Fund: 478.64$
CIBC Emerging Markets Index Fund: 438.04$
CIBC Monthly Income Fund: 948.18$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.88$
TD Monthly Income: 96.89$
TD Emerging Markets: 80.15$
TD Energy: 80.66$
TD Precious Metals: 99.97$
TD Latin American Growth: 93.93$
TD Entertainment & Communications: 103.46$
TD Dividend Growth: 187.60$
TD U.S. Mid-Cap Growth: 96.38$

Maritime Life International Equity Fund (Templeton):
662.63$
Manulife Simplicity Growth Portfolio: 842.49$
Maritime Life CI Harbour Seg Fund: 989.32$
Maritime Life Fidelity True North Seg Fund: 941.75$
Maritime Life Trimark Europlus Seg Fund: 604.38$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 484.51$
RBC U.S. Mid-Cap Equity Fund C$: 1 773.14$
RBC Global Resources Fund: 810.32$
RBC O'Shaughnessy International Equity Fund:
617.18$
RBC O'Shaughnessy All-Canadian Equity
Fund: 968.27$
GIC Canadian Market: 1 000$

TOTAL: 18 259.90$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (47.06$):
63 653.01$
[In date of December 21, 2009]

Happy New Year, I hate TD Waterhouse

Some messy stuff is going on in my TD Waterhouse account! Look at this! It’s actually what I see under Activity, for the day of December 31, 2009:

Trade Date 31-Dec-2009
31-Dec-2009

-411 JUST ENERGY INCM FND T/U DIV $0.00 $42.47
31-Dec-2009

-411 JUST ENERGY INCM FND T/U DIV $0.00 $42.47
31-Dec-2009

411 JUST ENERGY INCM FND T/U DRIP $0.00 -$42.47
31-Dec-2009

411 JUST ENERGY INCM FND T/U DRIP $0.00 -$42.47
31-Dec-2009

-103 METHANEX CORP DIV $0.00 $16.47

Messy, messy, messy!

Ok, I had received the dividend of Methanex Corporation. That’s cool. 16.47$ I can transfer on my line of credit. Nothing wrong for the last lign who concern Methanex Corporation. My problem is with Just Energy Income Fund (JE.UN).

As always, TD Waterhouse is not doing the work properly! I am just very upset. TD Waterhouse is just adding some of its own shit into my account activity. I don’t know if you can see how frustrating this is! I had received 2 payments of 42.47$ (DIV) for Just Energy Income Fund (JE.UN). And… 2 withdraw of 42.27$ for Just Energy Income Fund (JE.UN). What’s going on? I HATE TD WATERHOUSE! I work 12 hours per day, I do not have time to spend over the phone!

Wow! This is actually pretty releasing!

So now, that I am all release, I am going to call them to see what’s going on! And I will try not to scream too loudly at them, I promise. I have to do quick because I am also expecting special dividend of Just Energy Income Fund (JE.UN) and I want to have everything in DRIP.

Jason Kirby article in the MacClean's magazine about Derek Foster

Boxing Day is tomorrow and I am very excited. I finally be able to maybe shop for a winter boat and new jeans and some perfume from Body Shop and so on. My list is long, but I limit myself at 300$ in spending. While waiting for the fantastic day to come, I wanted to write on a topic that had been disturbing for me so far.

I appreciate Derek Foster 4 books. I went through this article a couple of weeks ago, someone at the name of Jason Kirby write an article in the MacClean. MacClean is a Canadian magazine – well-respected and so on. Well, MacClean’s magazine was a well-respected magazine until November 26, 2009, date where the magazine decided to publish on his Web site an article title “Lessons from the FALL: Some investors escaped unscathed. How did they do it?”. Jason Kirby article describe Derek Foster journey.

First, to answer this article question, I will say that I escaped unscathed from the stock market crash by following Derek Foster tips that he described in his books. I also escaped by respecting my very own believed. I am not financially very literate, but I believe in the stock market and in the power of Barack Obama on the economy worldwide. It’s the reason why I continue, on date of today, to invest and it’s exactly the reason why I didn’t sell my investment just to sell them.

The article “Lessons from the FALL: Some investors escaped unscathed. How did they do it?” of Jason Kirby is really unfair. One great Canadian had decided to share his financial knowledge to other and this is how the community is thanking him: by publishing an awful article in a national magazine. Until November 26, 2009, MacClean had been the voice of Canadian. But MacClean’s magazine is no longer what its use to be. While I was in high school, my English teacher makes us buy the MacClean’s magazine. We were reading MacClean articles in class and so on. But this was a long time ago and as you can understand, MacClean is no longer what it use to be. And as you notice, I need to refresh my English classes lol…

I am not talking for Derek Foster of course, but I would like to answer to some of Jason Kirby quotes, who seem to be pretty illiterate when it comes to Derek Foster work.

Here we go, let’s begin…

“With a net worth of about $1 million, and time on his hands, he turned to writing. And his books, with titles like Stop Working: Here’s How You Can and The Lazy Investor, suggested the path to retirement bliss was alluringly simple. Buy shares in leading companies that pay healthy dividends, he recommended, and hold on to them for the long haul.”

Nothing wrong with this part, Jason Kirby, so far so good. But just one thing: the path to retirement bliss is simple and easy. Sometime, the easiest things to understand are the hardest one to learn and understand. I know it myself, I had to read Derek Foster books multiple times before catching anything out. Maybe should you read them again?

After this part, Jason Kirby is simply loosing himself in the fact that Derek Foster, the buy-and-hold guy had sell all of his portfolio and so on. Well, I have a little something to add regarding this. Stocks had been made to buy and sell. When I set up my broker account at TD Waterhouse, I give TD Waterhouse a call and place this following request: to make it impossible to sell any stocks from my portfolio. At that time, the investment thing was all new for me and I wanted to find a way to protect my portfolio from fraud or from anything that could happen to it. I am a stocks and units collector, and when I am talking about my investment portfolio, I am not joking. The TD Waterhouse representative explains to me that it wasn’t possible to apply such hold in the account. The TD Waterhouse representative continue by saying that if something happen to one of the company I hold, that I might want to sell. Well, I have to say, that “something” unfortunately happens when Pengrowth Energy Trust (PGF.UN): announced a second dividend cut. At that time, I had a dividend income goal. And Pengrowth Energy Trust (PGF.UN): was going to ruin the whole thing. So I sell. And I made a profit out of the sell. It was fantastic. The point of all this is: stocks had been made to sell and buy. It’s an investment basic rule that I learn at the beginning of my stocks adventure.

Jason Kirby article continue with this very awful paragraph:

“If one were looking for lessons from the financial crisis, Foster’s U-turn would seem to offer plenty to chew on. Like don’t get wedded to any particular investing style. Or if you do, don’t panic when things turn rocky. Not that Foster, who just published his fourth book, Stop Working Too: You Still Can!, says any of that applies to him. He insists he didn’t get spooked by the crash, and says that bailing out near the bottom of the market, and then buying back in after the rebound didn’t cause him any grief, or even lose him any money. “I’m not any further ahead or behind where I would have been,” he says, thanks to a side strategy of buying put options, a complicated tool that lets investors bet on falling stock prices. Instead, the number one lesson Foster says he learned from the experience was not to share every investment decision he makes with the public.”

Derek Foster was honest enough to go out publicly with the fact that he had sold his portfolio. Myself when I learn about the even, I was all confused and I didn’t understand what it was all about. But in this investment game, the person who invest and decide to become an investor had to be very confident about him/herself. It’s all about listening to your feeling. I had been successful so for because I had followed my feelings and my feeling was to stick to what Derek Foster was teaching in his books. When I decide to sell my 600 and something units of Pengrowth Energy Trust (PGF.UN) a little while ago, I sell because another dividend distribution cut by Pengrowth Energy Trust (PGF.UN) was disturbing me and I really taught, at that time, that Pengrowth Energy Trust (PGF.UN) was going to loose some great values. So I sell. I sell because I belive in my feelings and like Derek Foster who sell his portfolio because he taught that the whole financial system was going to crash. I was wrong and Derek Foster was wrong too. Finally, Pengrowth Energy Trust (PGF.UN) didn’t loose any of its value, even after the company announced a second dividend cut. The financial system didn’t crash down.

Just to say that investment is a lot about feelings and self-confidence. Derek Foster had a good heart enough to go public with his decisions. The reason why is simple, Derek Foster know for sure that some people are trying to do the same thing as himself when it come to investment. But also, his books are bestsellers, so he had the responsibility to go public with his decision. And this was the right thing to do. Personally, I don’t think Derek Foster regret his move. His honesty will sooner or later pay off. I completely disagree when Jason Kirby say: “(…) the number one lesson Foster says he learned from the experience was not to share every investment decision he makes with the public.”

Actually, Jason Kirby article is all bullshit… lol…

But you didn’t read the most hilarious part:

“For everyone else though, the lesson should be blindingly obvious: don’t listen to anyone who tells you they’ve discovered the path to easy riches and a carefree retirement.”

I am partially blind from the left eye (if I cover my right eye, I can barely see from my left eye, got the picture?) , I don’t know if it’s the reason why I believe in Derek Foster strategy so much, but so far so good. I made enormous profit from my investment by following Derek Foster and I am not done. I am on the road for my first 100 000$.

Derek Foster investment picks are awesome. He is a good stocks picker. Better than Eric Sprott, from whom I only lost money with his Sprott Canadian Equity Fund. So when talking about Derek Foster, better be careful or I will come to the rescue.

Here another little thing coming from Jason Kirby:

“What’s worse, some Canadian investors borrowed heavily to buy stocks, a practice known as margin investing”

I read Derek Foster books over and over again. And guess what? Derek Foster the margin investing in one of his books, but I couldn’t tell which one. See, Derek Foster quotes are print in my heart and I know the content, I just cannot say what belong to which book anymore. But I have to say, Derek Foster clearly warn investor about margin investing. Derek Foster point of view about margin investing is clear: no one should use margin investing to invest in the stocks market. And guess what, I do not use margin investing. It’s too dangerous. If you want to invest, start from the bottom and fly right to the top with your own money. This is working fine for me.

In the second page of his article, first paragraph, Jason Kirby does not write anything about the fact that Derek Foster does not recommend margin investing. You want to know why? Because Jason Kirby is not a well-known journalism. Jason Kirby is not a bestsellers author or a well-known investor. But Derek Foster is. Could it be jealousy? It’s certainly is.

Jason Kirby end his article with this sentence: “Perhaps the best lesson to take from the fall is to simply remember that sooner or later, it will happen all over again. Will you be ready?

My answer to Jason Kirby: don’t worry about it, I WILL BE READY. I AM READY.

So now, time for Jason Kirby to recycle into something else than journalism and for MacClean to close their Web site and stop publishing their magazine. And time for me to take English courses;) And talking about English courses, did you know that Derek Foster had teached English overseas? Its actually how he met his wife. Isn't lovely?

Anyhow, it was about time to show the world the stupidity of MacClean’s magazine toward Derek Foster. But its now thing done.

Tomorrow is the best day of the year, it's Boxing Day and it's going be awesome! Happy Boxing Day! Shopping time!

Investment made easy and… sexy

Or about my strategy to reach the 100 000$ in assets for 2010

Forget about pals with MBA… I am a middle class worker with basically no education lol and I am proud of it. And guess what – my prediction for 2010: I will definitely reach the 100 000$ in assets. If you fully want to understand how, you better read this post. It contains valuable information on how I plan to do it.

I decide I wouldn’t let my chance to reach the 100 000$ in assets for 2010 run away! At first, reaching the 100 000$ can seen as an impossible goal. But it’s not. This 100 000$ is truly achievable because I had been thinking the whole thing from different angles and no matter from which angles I take, I have to confess, I do not see any restriction or any reason why I couldn’t reach the 100 000$ in assets in 2010. So why not? Let’s do it!

Here is the plan:

In date of December 5th, 2009. I own 63 653.01$ in fabulous assets. And in date of December 25, I own even more, because the TSX had gain significant points on December 24, my stocks and units investment portfolio alone had gain 348.91$. Isn’t sexy gains?

Back on December 5th, the value of my stocks and units portfolio alone was of 36 661.08$. On date of December 25th, the value of the same portfolio is of 37 009.99$. I am taking those gains as Christmas gifts.

Currently, the overall value of my entire portfolio might be around 64 200$.

100 000$ - 64 200$ = 35 800$

I am missing 35 800$ in order to reach my goal. Got the picture? But wait…

Between January 2010 and March 2010, I plan to save 2 000$ per month for my RRSP:
2 000$ x 3 = 6 000$

35 800$ - 6 000$ = 29 800$

In 2010, I will probably earn 3 000$ from dividend distributions of my current portfolio:

29 800$ - 3 000$ = 26 800$

I have 9 months, the period covering April 2010 to December 2010 to add 26 800$ to my portfolio. This represents the amount of 2 977.78$ per month for 9 months… Quite a lot of money. My top contribution can be of 2 000$ per month. This mean that I will be probably missing 8 800.02$ to reach my goal. But… Since my portfolio is diversified, I am expecting a grow of my portfolio of around 8% for the year 2010:

64 200$ x 8% = 5 136$

8 800.02$ - 5 136$ = 3 664.02$

I will be missing 3 664.02$ to make it happen. But…

During the year 2010, I will earn new dividend from my new investments. And I like to believe that the amount of those new dividends will be of 3 664.02$ or that the interest grow of my entire investment portfolio will be more than 8%...

There’s nothing sure about this 100 000$ goal of mine. I definitely need a good market situation, I need to keep working at my 2 jobs and if not, looking for a third source of incomes. I do not really care of what it will take me. But 2010 will be the year of the 100 000$. Believe it or not. I had to let everyone know about this.

My Bell Aliant Regional Communications Income Fund (BA.UN) dividend

I received my Bell Aliant Regional Communications Income Fund (BA.UN) dividend on date of December 15, but I just notice the transaction today. I had received 24.15$, no DRIP from this one as Bell Aliant Regional Communications Income Fund (BA.UN) value is currently close to 28$ per share. So guess what I did – I transfer the little amount over my TD credit line and I am pretty happy about it.

Currently, my stocks and units investment portfolio is at 36 748$, which is an increase of…. 86.92$ compare to December 21. Hot good news.

I am now at 63 653.01$ with my overall investment portfolio

Fantastic result today for my investment porfolio! For the first time ever, what I own at TD Waterhourse currently reach more than 40 000$. Not so bad, knowing I still hold bad invesment. The overall initial value investment was making a total of 46 856.17$.

I could sell, of course, but if I sell, I screw up all of my chances to get over those losses one day. And we are talking of an amount of around 6 000$ in loses.

I am very proud of my investment in Enbridge Income Fund (ENF.UN). Not too long ago, I purchase 300 units of Enbridge Income Fund (ENF.UN) at the price of 11.95$ per unit. Currently, each of the Enbridge Income Fund (ENF.UN) worth 13.20$... I make a profit of 375$ in a matter of just a few days. Let’s say the timing was good. I am just hoping things will continue like this.

Believe it or not… I made a profit of 5$ today by purchasing 100 stocks of Corby Distilleries Limited (CDL.A) at 15.35$. Corby Distilleries Limited (CDL.A) close the day at 15.40$. Small, but still rewarding profit… I am that good :)

I guess this purchase close my 2009 investment adventure as I need to keep some money in or my rent and other… Hope 2010 will be the wilder, sexier and hottest and most profitable year of all. Will I reach the 100 000$ in assets in 2010?

Who really knows, anything could happen.

Derek Foster had to come with new investment ideas. That's all.

Stay tune… lol