Great news regarding Yellow Pages Income Fund (YLO.UN)

Yellow Pages Income Fund (YLO.UN) is doing better on the TSX. I first invested 2 224.47$ in Yellow Pages Income Fund (YLO.UN) a couple of months ago. I always believe in this company as I find the dividend really good for the stock price value. Also, it’s a Montreal-based company, and I live in Montreal. So let’s say that from there, me and Yellow Pages Income Fund were set for a long-term relationship. Ever since, it’s been love, love, love.

Want to know why? As I explain, I first invested 2 224.47$ in Yellow Pages Income Fund (YLO.UN). Not that much, would you say, but all those « not that much » form my investment portfolio are part of my investment portfolio. In date of today, my investment worth 2 505.36$. This represent a nice increase of 280.89$ right there. Kind of nice. Yellow Pages Income Fund (YLO.UN) units value is currently at 5.84$, and I am confident that the company will soon reach the 6$ per unit.

Ok, so for now, Yellow Pages Income Fund (YLO.UN) is a .UN investment like I like to call them. But you don’t have to worry about the Yellow Pages Income Fund situation according to Gordon Pape. I regularly read Gordon Pape articles through my TD Waterhouse online broker account. So according to Gordon Pape, Yellow Pages Income Fund (YLO.UN) distribution will remain the same. Isn’t fantastic? What small investors worry about are distributions and with Yellow Pages Income Fund (YLO.UN), there’s really nothing to worry about. There’s again, it’s according to Gordon Pape. And The Dividend Girl lol.

The 100 000$ investment portfolio goal: the dream is slowly taking form

Teeth, sorry man, but I got approve for the RSP loan (read previous comments in one of recent post to have an idea of who’s Teeth).

Since Monday, I cannot think, I only have one thing on mind: will I get approve for my RSP loan? Well, I gave a call to the representative this morning since today Wednesday was supposed to be the day. But of course, it didn’t happen this way. The representative told me I had to wait until Friday. So I said ok… and went to work. I was upset because I hold number of assets, like I am f****** rich lol, I am working and so on. So what’s taking so long? Why couldn’t I get approve for a RSP loan right away? Is it because I am not rich enough? Geesssssss those Quebeckers are definitely going to kill me!

So I did the following: I gave a call to the bank customer service. And there, what a surprise: I learn that I got approve for a 7 600$ RSP loan! But the representative at the branch never told me about this approval. At the branch, I had been told that I had been refused, and that they had to send my request I don’t know where so I can get approve. Never it was questioned of a 7 600$ RSP loan at anytime. Taught I was going to get ripped off by Quebeckers? Helloooo not me.

Anyhow, I was quitted happy to learn the great news. When I spoke to the person of the bank customer service over the phone, it’s only there that I had been told that I had been approved, but not for the full amount that I requested, 10 500$. The representative told me that the approval waiting delay was taking longer because they were looking forward to approve me for 11 000$ RSP loan. Ok… But I haven’t been giving this information by the representative at the bank…

Lesson learns: There’s basically jerks a bit everywhere and I strongly recommend to anyone to deal over the phone for loans or whatever else because face-to-face, some bankers really do not have it. One way or the other, at the end, I am getting approved. So why in the world those bankers are willing to make me loose my time? JERKS. I already hate my new bank as you can see.

Later on during the afternoon, I received a message on my famous pager from the branch representative. He sound pretty pissed off that I call the customer service. He re-confirms again that I was going to get approve on Friday and so on and that he had made it clear… I am so terribly upset that I am going to visit the branch tomorrow and make hear the message of that representative to the director of the branch. JERK. JERK. JERK. JERK.

I have enough of stupid Quebeckers. But one day, I will have my revenge.

Just to talk about something else than stupid Quebeckers, this is never been seen before on My First 50 000$ blog: my stocks and units investment portfolio is almost at 40 000$. Today was an extraordinary day on the stock market. I got approved for the RSP loan. I am now at 67 753.62$ in assets. I am invincible. I am the best. I am a genius.

Now, tell me who’s the best between those guys of BMO Bank of Montreal (my late employer who unfairly lay off me) or me Sunny alias The Dividend Girl? Can someone tell me? Who’s the best?

My stock investment portfolio in date of February 12, 2010

Savings:
2.69$ (ING Direct)
915$ (savings for next investment)

TOTAL: 917.69$

Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 126.05$
Timminco (TIM): 214$
Blue Note Mining (BNT): 58$
Bank of Nova Scotia (BNS): 4 950.75$
Hanwei Energy Services (HE): 141$
Methanex Corporation (MX): 2 378.27$
Fortis (FTS): 2 774.72$
Pembina Pipeline Income Fund (PIF.UN): 7 343.10$
Just Energy Income Fund (JE.UN): 6 048.90$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 405.50$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 545$
Pengrowth Energy Trust (PGF.UN): 1 147.98$
Enbridge Income Fund (ENF.UN): 3 717.62$
Corby Distilleries Limited (CDL.A): 1 500$
Davis + Henderson Income Fund (DHF.UN): 1 668$

TOTAL: 39 370.89$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 557.03$
Creststreet Alternative Energy Fund: 1 202$
Sprott Canadian Equity Fund: 4 776$

TOTAL: 8 535.03$

RSP:
CIBC Dividend Growth Fund: 476.96$
CIBC Emerging Markets Index Fund: 388.62$
CIBC Monthly Income Fund: 945.84$

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: 111.37$
TD Monthly Income: 97.21$
TD Emerging Markets: 76.45$
TD Energy: 78.80$
TD Precious Metals: 100.23$
TD Latin American Growth: 89.05$
TD Entertainment & Communications: 98.68$
TD Dividend Growth: 186.61$
TD U.S. Mid-Cap Growth: 93.80$

Maritime Life International Equity Fund (Templeton):
620.27$
Manulife Simplicity Growth Portfolio: 834.64$
Maritime Life CI Harbour Seg Fund: 967.50$
Maritime Life Fidelity True North Seg Fund: 926.23$
Maritime Life Trimark Europlus Seg Fund: 581.56$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 480.25$
RBC U.S. Mid-Cap Equity Fund C$: 1 685.22$
RBC Global Resources Fund: 837.24$
RBC O'Shaughnessy International Equity Fund:
568.17$
RBC O'Shaughnessy All-Canadian Equity
Fund: 962.84$

GIC Canadian Market: 1 000$

TOTAL: 17 959.67$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (62.89$):
66 886.17$
[In date of February 12, 2010]

Hello extra money in my pockets

No news for my RSP loan yet. But it should be for tomorrow. The TSX gain extraordinary gains today. This is really great. My stocks and units investment portfolio is now at 39 839.35$. This represent a gain of 468.46$ compare to February 12, 2010. I am very happy with those gains.

On today, I had received the dividend for Yellow Pages Income Fund (YLO.UN) (28.34$) and Pembina Pipeline Income Fund (PIF.UN) (53.30$). Those dividend earnings are not too much, but those amounts + the gain of 468.46$ for today make an extraordinary increase of value.

I may had been laid off by BMO Bank of Montreal, but my investment portfolio is doing fairly well. Fact is, I am too much talented for BMO Bank of Montreal.

No news or the RSP loan yet but...

My stocks and units portfolio is now at 39 772.81$, which is an increase of 401.92$ compare to our latest 39 370.89$. Yeah! I wake up late again. Yesterday just exhaust me.

And now what?

I had an apointment today for my RSP loan. At first, the representative told me that I didn’t qualify. WHAT?

You hear it right. I do not qualify for the loan, in correctly correct banking terms and agreements. Whatever…. So yeah, the representative gave me the exact same reasons that Teeth post on his comments (see previous post and comments). But it didn’t stop there, I explain everything to the representative, my assets, my situation etc. Since I cannot be approve right away, I guess he will forward the request to someone else and I should received news by Wednesday. This had been quite exhausting for me. The main problem I face is that I hold too much credit. I hold several credit cards, several credit lines, several bank acounts lol. And my salary right now could appear low, but with my current situation + my monthly dividend income, I making around 2 000$ after taxes per month. Actually, at this point, I hold too much credit (use and unused) for the salary that I have. That’s a major problem. But I do not hold a balance on most of my credit cards. That’s what I explain to the representative and also I explain that I have more than 3 000$ in annual dividend income. And also that I never had problem to pay anything and that I was looking forward to transfer my portfolio over to the bank and so on. Which is true. And I also show him that I am a stockholder of the bank.

So now what? I am waiting. And the wait is too long. I just want to get through this and move forward with my projects. I want to see what’s going to happen next. If it work, I am going to transfer my portfolios over and everything. I also told the representative about my 100 000$ goal in assets and that they were going to make money with me (the bank) since I trade on a regular basis. Having 100 000$ in assets is quite something, even when holding a future 30 000$ in debts. Getting this RSP loan is more about if the bank will support my investment efforts or not. If I get the loan, it will a great deal of good publicity for the bank and their trading services. I deserve more than anything this RSP loan. After all, I am an investor, and I own more than 65 000$ in my very own money lol and around 20 000$ in debts at this time. I hold debts yes, and I exposed that to the representative, but I am good when it come to manage my money. If it all work out the way I want, I will be trading at 9.99$ and I will become fantasticly rich. I couldn’t hide my debt situation in something sexy like my bra lol – those guys can really see everything through their credit check.

My stock investment portfolio in date of February 6, 2010

Savings:
2.69$ (ING Direct)


Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 070.50$
Timminco (TIM): 220$
Blue Note Mining (BNT): 58$
Bank of Nova Scotia (BNS): 4 777.50$
Hanwei Energy Services (HE): 180$
Methanex Corporation (MX): 2 501.87$
Fortis (FTS): 2 865.20$
Pembina Pipeline Income Fund (PIF.UN): 7 216$
Just Energy Income Fund (JE.UN): 5 887.08$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 231.25$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 540$
Pengrowth Energy Trust (PGF.UN): 1 147.98$
Enbridge Income Fund (ENF.UN): 3 654.20$
Corby Distilleries Limited (CDL.A): 1 520$
Davis + Henderson Income Fund (DHF.UN): 1 652$

TOTAL: 38 981.58$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 502.17$
Creststreet Alternative Energy Fund: 1 192$
Sprott Canadian Equity Fund: 4 666$

TOTAL: 8 360.17$

RSP:
CIBC Dividend Growth Fund: 470.62$
CIBC Emerging Markets Index Fund: 419.94$
CIBC Monthly Income Fund: 934.78$
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: 111.79$
TD Monthly Income: 96.25$
TD Emerging Markets: 75.87$
TD Energy: 77.71$
TD Precious Metals: 96.86$
TD Latin American Growth: 87.12$
TD Entertainment & Communications: 97.87$
TD Dividend Growth: 182.63$
TD U.S. Mid-Cap Growth: 92.90$

Maritime Life International Equity Fund (Templeton):
624.39$
Manulife Simplicity Growth Portfolio: 829.27$
Maritime Life CI Harbour Seg Fund: 954.65$
Maritime Life Fidelity True North Seg Fund: 906.48$
Maritime Life Trimark Europlus Seg Fund: 583.96$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 471.94$
RBC U.S. Mid-Cap Equity Fund C$: 1 661.20$
RBC Global Resources Fund: 801.50$
RBC O'Shaughnessy International Equity Fund:
572.91$
RBC O'Shaughnessy All-Canadian Equity
Fund: 938.44$

GIC Canadian Market: 1 000$

TOTAL: 17 841.21$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (60.29$):
65 285.94$
[In date of February 6, 2010]

Holding debts can be healthy: here’s the how

My latest posts were quite provocative but they help me to feel better. And I have to say, I am feeling much much better now lol. I wasn’t expecting any reaction from my too much provocative posts, but the comment left by Teeth make me think of this – I am being read lol.

Ok, I hold some debts. And so what? My debts are not disturbing me at all. By having debts, I am helping the Canadian economy. Because a low amount of debts do help the economy. You could believe that having debt is not helping me any way. You might be right, but I think you are wrong! And here’s my point.

In life like in everything else, you need to know what you want. Right now, what I want is to reach 100 000$ in assets, with or without debts. Just that. I am just a nobody dreaming of having 100 000$ in assets. Is it a shame? I just want to have fun with my money and paying debts is not fun. It’s actually really boring.

Here’s my debt situation:

8 517.94$ at 4.75% = 404.60$ in annual interest
4 817.03$ at 3.5% = 168.60$ in annual interest
4 436.21$ at 3.9% = 173.01$ in annual interest
3 587.13 at 8% = 286.97$ in annual interest

+ 10 500$ (RSP loan of Monday) at 3.25% = 341.25$

Total in annual interest = 1 374.43$

Ohhhhhh outrageous debts! Outrageous interest! Oh lala.

Let’s get a straight overview of the situation.

Currently, my annual dividend income is of 3 323.59$. This is of course, before taxes. But even after taxes, I probably earn the equivalent of 1 374.43$ in dividend income, if not more.

So let’s calculate:

1 374.43$ (annual interest) – 1 374.43$ (annual dividend income) = 0$

At the end, I do not pay any interest at all from the money I had borrowed. This is free money! Pretty amazing! This is a trick I learn by reading Derek Foster. Now you understand why Derek Foster is a bestseller author, don’t you? Derek Foster is the best friend of all small investors like myself.

The plan is making sense as long as I can afford making the minimum payment for each loans I am involve in. I have a five star credit score, I do not want to loose that. I can afford making the minimum payment for everything. But before getting involved in a early retirement, all of my debts will be fully paid off. Of course. And if, at a point, I couldn’t afford making the minimum payments on my loans anymore, I would simple sell some of my investments.

After reading all this, if you still think that the whole plan is not making any sense, it’s because you might be one of them. You might be a BMO Bank of Montreal employee after all.

The 100 000$ investment portfolio strategy: how I plan to make it happen even after I got laid off by BMO Bank of Montreal

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

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)

BMO Bank of Montreal: worst financial institution of Canada history

Thanks to the TSX gains of today, my stocks and units portfolio is now at 39 228.25$, a nice gain of 246.67$. I guess my mutual funds and other might also gain in value. Little gain is better than nothing at all. My DRIP strategy is working quite well. I gain extra units and stocks lately, which really help to increase my dividend income. There again, the gain are not spectacular, but quite interesting. BMO Bank of Montreal did a major mistake when they decided to fire me because of their lack of leadership: they fired the best small investor of all… And they are not even aware of it. I know, it must be difficult to accept for BMO Bank of Montreal, they unfairly laid off one of the greatest investor of all. Taught it was going to kill me? Nope. I got enough of the BMO InvestorLine and all that BMO shit. Anyhow, back on date of January 24, my annual dividend income was of 3 154.33$ and here it is now, on date of February 11, 2010:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 410 units x 1.56$ = 639.60$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 425 units x 0.804$ = 341.70$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 302 units x 1.152$ = 347.90$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 167.35$

Compare to January 24, 2010, this is an interesting gain of:

13.02$

Ok, nothing to be very exciting about right, but what if I gain an extra 13.02$, on top of my dividend earning, every single months? Now, this is getting quite interesting!

13.02$ x 12 months = 156.24$ + 3 167.35$ = 3 323.59$ in free money! Interesting. This is what I call the power of money. Thanks to Derek Foster, I almost better than Eric Sprott at the investing game lol. The TSX is a rocket star and I am soon going to be a six figure investor. Isn’t nice?

Investing is fun, but its require a lot of time and energy. Ok, I am getting free money from my investment, but still, I have to keep track of everything and I am doing this on a daily basis. On top of that add my 2 jobs and my writing activities on HubPages. Yes, its hard work, but its not that hard. Its just about keeping track to make sure everything remain on a kind of normal state for the companies I decided to invest in. The 12 companies I had invested in for the dividend are well established. Nothing to worry about. But just for precaution, I follow everything. Just in case. And I haven’t been dumb enough to invest in BMO Bank of Montreal stocks if you see what I mean. I am not calling myself a genius worker for nothing see.

I was very happy to learn recently that a group of people working for BMO Nesbitt Burns had decided to sue BMO Bank of Montreal for unpaid extra hours. Can you believe, BMO Bank of Montreal didn’t pay overtime hours – not for a month or 2 – but for the whole period of 2002-2010. Time had come to BMO Bank of Montreal to face the reality. I am making my coming out about my lay off at BMO Bank of Montreal to be supportive to those employees who haven’t been paid by my late employer. To them I would like to say: don’t worry, those f****** are going to pay! Juroviesky and Ricci LLP are taking care of the case.

BMO Bank of Montreal is in real bad shape. Fact is, running after profit and sales won’t help in any matter BMO Bank of Montreal. Laying off good employees either like myself either. And not paying overtime is a really really bad idea. Guess the CEO of BMO Bank of Montreal has a lot to learn. Finally, BMO Bank of Montreal got what it deserves. But we couldn’t exept much more from BMO Bank of Montreal.