Even after I got laid off by BMO Bank of Montreal, my ultimate goal is still to reach the 100 000$ in investment portfolio value. It’s going to happen in 2010, and I am going to explain how its all going to work out.
Ok, so here’s how it goes:
On date of February 6, 2010, I had 65 285.94$ in assets. Awesome. At that point, I am currently only missing 34 714.06$. At this point of my life, I am pretty impressed by myself. But still, I am missing 34 714.06$.... Where am I going to find the money?
No worries. This is how it’s going to goes, in just a few steps:
1. Dividend earnings
With the investment that I currently hold, as I explain in the previous post, I am going to earn 3 323.59$. My dividend earnings represent an extra income. At 3 323.59$, the amount is quite important. Let’s move on:
34 714.06$ - 3 323.59$ = 31 390.47$
Nice, but there’s still missing 31 390.47$.
2. RSP Loan
For 2009, I have more than 10 500$ to invest in my RSP. So I am going to invest yes, but it will be with the help of my dearest friends of Bank of Nova Scotia (BNS) – which institution partly belong to me by the way since I am a stockholder. I didn’t get the loan yet, but I have an appointment on Monday and I might be able to get the loan, since I am already fantastically rich.
31 390.47$ - 10 500$ = 20 890.47$.
Now we are talking. Only missing 20 890.47$. But yes, 20 890.47$ is still a lot of money!
3. Natural increase earnings
Because of our extra particular successful way of investing, out portfolio is going to simply grow naturally. I like to be super optimistic. I am going to advance an increase of 10%. It’s a lot, but possible.
65 285.94$ (portfolio value in date of February 6, 2010) + 10 500$ (of the RSP loan)
= 75 785.94$ (WOW!)
75 785.94$ x 10% = 7 578.59$
20 890.47$ - 7 578.59$ = 13 311.88$
Much much better! At this point, I will only be missing 13 311.88$ before reaching my first
Ok, so here’s how it goes:
On date of February 6, 2010, I had 65 285.94$ in assets. Awesome. At that point, I am currently only missing 34 714.06$. At this point of my life, I am pretty impressed by myself. But still, I am missing 34 714.06$.... Where am I going to find the money?
No worries. This is how it’s going to goes, in just a few steps:
1. Dividend earnings
With the investment that I currently hold, as I explain in the previous post, I am going to earn 3 323.59$. My dividend earnings represent an extra income. At 3 323.59$, the amount is quite important. Let’s move on:
34 714.06$ - 3 323.59$ = 31 390.47$
Nice, but there’s still missing 31 390.47$.
2. RSP Loan
For 2009, I have more than 10 500$ to invest in my RSP. So I am going to invest yes, but it will be with the help of my dearest friends of Bank of Nova Scotia (BNS) – which institution partly belong to me by the way since I am a stockholder. I didn’t get the loan yet, but I have an appointment on Monday and I might be able to get the loan, since I am already fantastically rich.
31 390.47$ - 10 500$ = 20 890.47$.
Now we are talking. Only missing 20 890.47$. But yes, 20 890.47$ is still a lot of money!
3. Natural increase earnings
Because of our extra particular successful way of investing, out portfolio is going to simply grow naturally. I like to be super optimistic. I am going to advance an increase of 10%. It’s a lot, but possible.
65 285.94$ (portfolio value in date of February 6, 2010) + 10 500$ (of the RSP loan)
= 75 785.94$ (WOW!)
75 785.94$ x 10% = 7 578.59$
20 890.47$ - 7 578.59$ = 13 311.88$
Much much better! At this point, I will only be missing 13 311.88$ before reaching my first
100 000$.
4. Normal investment flow: one investment every 2 months or so
Since forever now, it’s seem, I invest on a regular basis. For the rest of 2010, I might be able to invest the equivalent of 13 311.88$, even if I got laid off by BMO Bank of Montreal. Major benefit: my prospective investments are all dividend payers. So each 2 months, I increase my dividend income and also the value of my total assets.
Need a clear example? Probably next month or so, my next investment plan is 200 stocks of Premium Brands Holdings Corporation. The advantages of adding Premium Brands Holdings Corporation in my investment portfolio are multiples. First, stocks of Premium are under 15$, which make Premium Brands Holdings Corporation pretty affordable. Also, Premium dividend is quite juicy: 1.176$ per stock! At 200 new stocks, this will increase my dividend earnings of 235.20$! And don’t forget to add the value of the stocks itself: let’s say 13.70$ per stock: 2 740$. If, in a year, I repeat the same circus, but of course with different companies, not only that I will become fantastically rich, but I will be able to reach my first 100 000$ in 2010. Got the picture? So what are you waiting for? Shouldn’t you doing the exact same thing? :o)
4. Normal investment flow: one investment every 2 months or so
Since forever now, it’s seem, I invest on a regular basis. For the rest of 2010, I might be able to invest the equivalent of 13 311.88$, even if I got laid off by BMO Bank of Montreal. Major benefit: my prospective investments are all dividend payers. So each 2 months, I increase my dividend income and also the value of my total assets.
Need a clear example? Probably next month or so, my next investment plan is 200 stocks of Premium Brands Holdings Corporation. The advantages of adding Premium Brands Holdings Corporation in my investment portfolio are multiples. First, stocks of Premium are under 15$, which make Premium Brands Holdings Corporation pretty affordable. Also, Premium dividend is quite juicy: 1.176$ per stock! At 200 new stocks, this will increase my dividend earnings of 235.20$! And don’t forget to add the value of the stocks itself: let’s say 13.70$ per stock: 2 740$. If, in a year, I repeat the same circus, but of course with different companies, not only that I will become fantastically rich, but I will be able to reach my first 100 000$ in 2010. Got the picture? So what are you waiting for? Shouldn’t you doing the exact same thing? :o)
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