Sticking to the plan until the end: the 100 000$ investment goal in review

In date of January 9, its official, I own 65 897.03$ in valuable assets. Kind of cool, but no early retirement plan still on the go. Early retirement is definitely appealing, but until I can get there, if only I can, we have to go through multiple stages. We reach the 50 000$ this summer. And on date of January 9, 2010, we have exceed 65 000$. And we are not done! Still a lot is going on, still project on the go and new adventures coming on lol.

One of those project is to reach 100 000$ in assets. Just like for my dividend income, I may review this 100 000$ goal from time to time...

The 100 000$ goal in review

100 000$ goal – current assets 65 897.03$ = 34 102.97$

This may sound a bit strange, but I am actually waiting for my next paycheck to purchase 100 units of Davis + Henderson Income Fund (DHF.UN). This new investment that I will make on Friday will add around 900$ to the current 65 897.03$ that I currently own:

34 102.97$ - 900$ = 33 202.97$

33 202.97$ - 2010 annual dividend of 3 047.19$

= 30 155.78$

I plan to invest 2 000$ per month for the period February to December 2010:

30 155.78$ - (2 000$ x 11 months) = 8 155.78$ left to reach the 100 000$ in assets.

From my new investments of the period February-December 2010, I will probably be able to earn around 2 500$ in dividend (if not more, but it could be difficult). An extra 2 500$ in dividend income add to the current 3 047.19$ seem quite realistic.

8 155.78$ - 2 500$ = 5 655.78$

Only missing 5 655.78$ left in order to reach the 100 000$ in assets. Will I be able to make it?

100 000$ - 5 655.78$ = 94 344.22$

Let’s calculate an increase of 6% for this 94 344.22$ assets… A 6% return is quite possible and realistic….

94 344.22$ x 6% = 5 660.65$

94 344.22$ + 5 660.65$ = 100 004.87$

Conclusion: The 100 000$ goal of mine is achievable.

65 897.03$ later: stronger and sexier

It’s been a good week. I slowly begin to adjust myself to my crazy work schedule. Working from 12pm to 2am is not easy, but it’s truly achievable and its only 5 days a week… So far, so good. Money is my main AND only motivation... lol. And guess what, I will be able to make my next investment this very next Friday! I just can’t wait.

My overall investment portfolio is doing quite well and I am very happy at this time, on how everything just going perfectly well, everything is fitting well all together and I able to basically do everything I ever dream of. At this point, my main concern is trying to extend my investment portfolio.

I am now at 65 897.03$ value in assets! Its look like I am pretty good at my thing, doesn’t? I never taught I was going to be able to reach the 65 000$ by the end of January… but I did. I had put some money aside for my next investment. It’s another .UN investment, but the company is a real good one. On this upcoming Friday, I will be purchasing 100 units of Davis + Henderson Income Fund (DHF.UN).

I first heard of Davis + Henderson Income Fund (DHF.UN) while working at my new job at the bank (believe it or not, I work for a bank for now a couple of weeks…lol). Davis + Henderson Income Fund (DHF.UN) is a strong company and it definitely worth the investment. Davis + Henderson Income Fund (DHF.UN) dividend is quite spectacular: 1.836$ annual dividend per unit! At 100 unit, the investment will provide me 183.60$ in annual dividend income. WOW! Davis + Henderson Income Fund (DHF.UN) is WOW. Five stars investment, no matter if it’s a .UN investment or not, if you want to have my point of view.

New investment, new dividend…. Wouldn’t be time to celebrate our new comer in our investment portfolio by calculating something extra special, of course, our annual dividend income!!!

Sprott Inc. (SII): 505 stocks x 0.10$ = 50.50$
+ (let’s suppose Sprott Inc. will provide a special dividend like last year) 75.75$
= 126.25$
Bank of Nova Scotia (BNS): 104 stocks x 1.96$ = 203.84$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.04$ = 108.16$
Pembina Pipeline Income Fund (PIF.UN): 407 units x 1.56$ = 634.92$
Just Energy Income Fund (JE.UN): 411 stocks x 1.24$
+ 82.20$ of the 2009 special dividend = 591.84$
Yellow Pages Income Fund (YLO.UN): 420 units x 0.804$ = 337.68$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 6 units x 0.84$ = 5.04$
Enbridge Income Fund (ENF.UN): 300 units x 1.152$ = 345.60$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
= 2 947.19$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 047.19$

Finally! Breaking the 3 000$ in annual dividend income mark a major step in our journey and I am looking forward to increase my annual dividend income with new investments in the upcoming months.

My investment portfolio in date of January 1, 2010

Savings:
2.69$ (ING Direct)
540$ (savings in regular banking accounts)
TOTAL: 542.69$

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 272.50$
Timminco (TIM): 258$
Blue Note Mining (BNT): 38$
Bank of Nova Scotia (BNS): 5 115.76$
Hanwei Energy Services (HE): 243$
Methanex Corporation (MX): 2 104.29$
Fortis (FTS): 2 980.64$
Pembina Pipeline Income Fund (PIF.UN): 7 110.29$
Just Energy Income Fund (JE.UN): 5 918.40$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 251.20$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 795$
Pengrowth Energy Trust (PGF.UN): 60.72$
Enbridge Income Fund (ENF.UN): 3 966$
Corby Distilleries Limited (CDL.A): 1 550$
TOTAL: 37 008.80$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 991.69$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 564.90$
Creststreet Alternative Energy Fund: 1 187.60$
TOTAL: 3 752.50$

RRSP:
CIBC Dividend Growth Fund: 486.66$
CIBC Emerging Markets Index Fund: 452.89$
CIBC Monthly Income Fund: 960.53$

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: 109.71$
TD Monthly Income: 98.30$
TD Emerging Markets: 82.18$
TD Energy: 82.17$
TD Precious Metals: 103.96$
TD Latin American Growth: 97.22$
TD Entertainment & Communications: 103.05$
TD Dividend Growth: 191.35$
TD U.S. Mid-Cap Growth: 95.48$

Maritime Life International Equity Fund (Templeton):
669.94$
Manulife Simplicity Growth Portfolio: 850.61$
Maritime Life CI Harbour Seg Fund: 1 007.50$
Maritime Life Fidelity True North Seg Fund: 954.05$
Maritime Life Trimark Europlus Seg Fund: 602.33$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 489.71$
RBC U.S. Mid-Cap Equity Fund C$: 1 753.03$
RBC Global Resources Fund: 839.16$
RBC O'Shaughnessy International Equity Fund:
611.87$
RBC O'Shaughnessy All-Canadian Equity
Fund: 959.32$
GIC Canadian Market: 1 000$

TOTAL: 18 353.15$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (48.56$):
64 737.39$
[In date of January 1, 2010]

No Just Energy Income Fund (JE.UN) dividend yet

Beleive it or not, I didn't receive my units from Just Energy Income Fund (JE.UN) on Monday like I had been promised by TD Waterhouse.... Of course... lol... when it come to my dividend, I can really become selfish and arrogant. I didn't receive my Just Energy Income Fund dividend yet, but I should received them soon, since weird stuff going on in my broker activity.

Otherwise, my investment portfolio is quite doing well. I got very excited previously today when I was lookimg at the TSX points. Could it be it, could the TSX reach the 12 000 points sometime in January? In date of January 5, my portfolio is at 37 212.90$. which represent an increase of 204.10$! HOT.

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.