My stock invesment portfolio is now at 81 709.55$

Our stock investment portfolio had increased of 1 224.78$ compare to February 26, 2010 (which was of 80 484.77$). We are currently at 81 709.55$! Reaching 100 000$ in assets is the ultimate goal of course, and so far so good!

81 709.55$ is our highest ever!

So have a nice week-end!

My stock investment portfolio in date of February 26, 2010

Savings:
2.69$ (ING Direct)

Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 176.55$
Timminco (TIM): 254$
Blue Note Mining (BNT): 52$
Bank of Nova Scotia (BNS): 5 019$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 2 565.73$
Fortis (FTS): 2 836.08$
Pembina Pipeline Income Fund (PIF.UN): 7 454.65$
Just Energy Income Fund (JE.UN): 5 871.24$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 509.65$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 535$
Pengrowth Energy Trust (PGF.UN): 1 166$
Enbridge Income Fund (ENF.UN): 3 842.56$
Corby Distilleries Limited (CDL.A): 1 511$
Davis + Henderson Income Fund (DHF.UN): 1 699$
Premium Brands Holdings Corporation (PBH): 2 910$

TOTAL: 42 988.46$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 612.43$
Creststreet Alternative Energy Fund: 1 166.53$
Sprott Canadian Equity Fund: 4 911.07$

TOTAL: 8 690.03$

RSP:
CIBC Dividend Growth Fund: 486.11$
CIBC Emerging Markets Index Fund: 432.11$
CIBC Monthly Income Fund: 955.33$

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: 111.95$
TD Monthly Income: 98.49$
TD Emerging Markets: 76.97$
TD Energy: 79.70$
TD Precious Metals: 101.51$
TD Latin American Growth: 91.32$
TD Entertainment & Communications: 100.97$
TD Dividend Growth: 189.88$
TD U.S. Mid-Cap Growth: 96.58$

TD RSP account: 10 500$

Maritime Life International Equity Fund (Templeton):
626.29$
Manulife Simplicity Growth Portfolio: 845$
Maritime Life CI Harbour Seg Fund: 979.28$
Maritime Life Fidelity True North Seg Fund: 939.12$
Maritime Life Trimark Europlus Seg Fund: 592.39$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 488.57$
RBC U.S. Mid-Cap Equity Fund C$: 1 748.63$
RBC Global Resources Fund: 842.96$
RBC O'Shaughnessy International Equity Fund:
576.85$
RBC O'Shaughnessy All-Canadian Equity
Fund: 980.66$

GIC Canadian Market: 1 000$

TOTAL: 28 692.80$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (70.79$):
80 484.77$
[In date of February 26, 2010]

Natural grow in our stocks & units investment portfolio

I got a good night of sleep… I am feeling much much better… So major projects are on the way! But before revealing anything and before I go to work… let’s give a look to our stocks and units investment portfolio! We are currently at 43 355.34$, which is an increase of 366.88$ compare to February 26, 2010. I am just wishing for a continuous natural grow. But so far so good, its looking good for our first 100 000$ in assets. Let’s go!

80 484.77$ in assets doesn't change anything, but...

I just update the value of my overall investment portfolio! We are finishing the month of February 2010 with 80 484.77$ in assets! This amount contain, of course, the 10 000$ we obtain from TD Canada Trust for our RSP loan and our own 500$ contribution to our 2009 RSP. This update also contains our latest investment: 200 stocks of Premium Brands Holdings Corporation (PBH).

My laid off of BMO Bank of Montreal didn’t slow me down on any of my projects. Actually, as an investor, I never had been so great, so self-consciencousness of my own skills, so close to discover my center. Thinking about it lol, investment is all about “picking” the right investment. Just that! It is that simple!

Because being in investor, even a small one, is about that: it’s about exercing power over external elements. Jealousy lay off and so on are just material proofs of what I am truly am. Like guys, come on BMO Bank of Montreal, don’t try to destroy someone who’s more self-consciencousness than you will ever be. I am pretty good at playing games and I am a winner all the way. As for the losers (BMO Bank of Montreal) hope they are ready because I am going to hit higher. Seem like BMO Bank of Montreal will have to learn with its regret. My revenge will be extraordinary. It will never end.

I plan to continue to invest in the next upcoming months. But right now, I have to think about how am I going to invest that precious 10 500$ in RSP money I now have. I was thinking about Just Energy Income Fund (JE.UN). I had been thinking about EFT and so on. But I have to say, investing in dividend stock payers for my RSP instead of EFT is quite interesting. So at this time, I am still thinking.

Ok, so Jean-François Tardif top pick for 2009 was Premium Brands Holdings Corporation (PBH). And what about our very own 2010 top stock five stars pick? If I would have to choose only one stock to invest in, I will choose Just Energy Income Fund (JE.UN). Investing in Just Energy Income Fund (JE.UN) had been, so far, one of my best realizations. WOW WOW WOW. Just Energy is that fantastic. I LOVE JUST ENERGY INCOME FUND. Pureeeeee energy = pureeeee love. The dividend is hot + Just Energy Income Fund (JE.UN) had paid recently special dividend.

My stock investment portfolio in date of February 17, 2010

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

TOTAL: 917.69$


Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 196.75$
Timminco (TIM): 248$
Blue Note Mining (BNT): 56$
Bank of Nova Scotia (BNS): 5 041.05$
Hanwei Energy Services (HE): 56$
Methanex Corporation (MX): 2 373.12$
Fortis (FTS): 2 843.36$
Pembina Pipeline Income Fund (PIF.UN): 7 615.72$
Just Energy Income Fund (JE.UN): 5 922$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 479.62$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 578$
Pengrowth Energy Trust (PGF.UN): 1 177.66$
Enbridge Income Fund (ENF.UN): 3 729.70$
Corby Distilleries Limited (CDL.A): 1 510$
Davis + Henderson Income Fund (DHF.UN): 1 691$

TOTAL: 39 977.98$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 597.37$
Creststreet Alternative Energy Fund: 1 202$
Sprott Canadian Equity Fund: 4 844$

TOTAL: 8 643.37$

RSP:
CIBC Dividend Growth Fund: 482.99$
CIBC Emerging Markets Index Fund: 385.46$
CIBC Monthly Income Fund: 951.85$

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: 98.29$
TD Emerging Markets: 77.78$
TD Energy: 80.43$
TD Precious Metals: 102.58$
TD Latin American Growth: 91.28$
TD Entertainment & Communications: 100.21$
TD Dividend Growth: 189.49$
TD U.S. Mid-Cap Growth: 95.25$

Maritime Life International Equity Fund (Templeton):
628.45$
Manulife Simplicity Growth Portfolio: 842.77$
Maritime Life CI Harbour Seg Fund: 982.55$
Maritime Life Fidelity True North Seg Fund: 939.17$
Maritime Life Trimark Europlus Seg Fund: 581.55$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 487.62$
RBC U.S. Mid-Cap Equity Fund C$: 1 722.76$
RBC Global Resources Fund: 852.33$
RBC O'Shaughnessy International Equity Fund:
575.60$
RBC O'Shaughnessy All-Canadian Equity
Fund: 976.05$

GIC Canadian Market: 1 000$

TOTAL: 18 107.96$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (66.62$):
67 753.62$
[In date of February 17, 2010]

Welcome Premium, 200 new stocks of Premium Brands Holdings Corporation (PBH) in my online future trading brokerage

Remember Jean-François Tardif hot picks for 2009? Well, one of those hot picks is soon going to be from my very own investment portfolio and that’s going to be tomorrow! So welcome to Premium Brands Holdings Corporation (PBH)! Welcome in our investment portfolio! :)

Today was pay day, I had more than 2 000$ in my bank account, lying there, doing nothing at all… So I transfer 1 600$ into my TD credit line. I currently have just a bit more than 3 000$ available on my credit line. So guess what’s going to happen? We are going to purchase 200 stocks of Premium Brands Holdings Corporation (PBH) using that money! Yeahhhh!

I had been talking about Premium Brands Holdings Corporation (PBH) for quite some time now and I very happy to get this new investment. Actually, this is our first investment since I had been laid off from BMO Bank of Montreal. There you go my little bunch of f******, this one is for you. I dedicate my Premium Brands Holdings Corporation (PBH) to BMO Bank of Montreal. Who lay off me, the Dividend Girl…

Anyhow, after this, I will be looking forward to invest the 10 500$ I currently have available for our RSP. And I am just going to relax and maybe going to the gym since there’s a promotion right now at a gym located close to my workplace and it cost less than 50$ for a full year…. And I really want to fit in a tiny little bikini when I will hit the 100 000$ in assets so… I guess I have no choice! I will make myself sweat at that gym. Trust me…

So now, let’s review the dividend earning in review ok?

There we go:

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): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 429 units x 0.804$ = 344.92$
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): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH):

200 stocks x 1.176$ = 235.20$
= 3 312.85$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 412.85$

After our Premium Brands Holdings Corporation (PBH) investment, we’ll be at 3 412.85$ in annual dividend earning. Nice!

And what about our 100 000$ in assets goal? How does it look now?

On date of February 17, 2010 we had a total assets of:
67 753.62$ + our investment of tomorrow in Premium Brands Holdings Corporation (PBH) worth around 2 870$.

To this current amount, we can add the 10 500$ we had invested today for our RSP.
70 623.62$ + 10 500$ = 81 123.62$

+ our annual dividend income of 3 412.85$ = 84 536.47$

And how about a value increase of 9% of our assets for 2010, would you like that?

84 536.47$ x 9% = 7 608.28$
84 536.47$ + 7 608.28$
= 92 144.75$

Better, but we are not there yet…. Missing 7 855.25$.

7 855.25$/10 months = 785.52$ per month for the 10 months left (March-December 2010) that I need to invest in order to reach the 100 000$ in assets. At this point, saving 785.52$ per month make a lot of sense. It’s something I can achieve, but only in a good market condition. Because if it happens that my investments lost half of its value instead of increasing of 9%, I won’t be able to achieve my goal. But it definitively worth a try and guess what, we’re going to make it! And when it will happen, I will post pictures of myself semi-nude on my blog after my transformation. I promise. lol.

Part 2: Debts + dividend: The 100 000$ assets strategy for 2010 in review

In the previous post, we saw the “debts” part. Now come the assets part. Are you ready? :0)

On date of February 17, 2010 we had a total assets of

67 753.62$.

To this current amount, we can add the 10 500$ we had invested today for our RSP.

67 753.62$ + 10 500$ = 78 253.62$

+ our annual dividend income of 3 177.56$ = 81 431.18$

And how about a value increase of 9% of our assets for 2010, would you like that?

81 431.18$ x 9% = 7 328.81$

81 431.18$ + 7 328.81$
= 88 759.99$

Better, but we are not there yet…. Missing 11 240.01$.

For the period of March-December 2010, we need to invest around 1 000$ per month. Truly possible.

The 100 000$ in assets is coming soon!

Debts and dividend: The 100 000$ assets strategy for 2010 in review

I really like to move on with this. In the previous post, I talk about a:
100 000$ in assets + 30 000$ in debts formula.

I want to elaborate more on my strategy.

We’ll start with the debts:

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
10 000$ at 4.75% = 475$ in annual interest

Total of debts: 31 358.31$
Total in annual interest rate: 1 508.18$

As you can see, my latest loan, my RSP loan, is set at 4.75%. It’s a bit high, but it’s been set up for 5 years. I could got a lower interest rate at only 3.25%, but it was only available with a one year loan and with a 10 000$ loan, it would had made too much for me in monthly payments. So I prefer this set-up, especially knowing that I will not face any penalties if I decide to reimburse earlier than 5 years or if I make any extra payments among the way. Great!

So this mean that overall, I am exceeding the 30 000$ in debts. I now have exactly 31 358.31$ in debts. Am I playing safe? Well, at this point, I have reached what I consider as being the maximum that I can hold in debts. After this RSP loan, I am not looking to increase more my level of debts. This is being safe. I know my limits. Ok.

As for the interest rate, annually it make an amount of 1 508.18$. That’s quite some money. But…. Remember our annual dividend earning? We are going to update it become some new stocks and units had recently join the gang. Here it is, our annual dividend income:

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): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 429 units x 0.804$ = 344.92$
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): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
= 3 077.56$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 177.56$

And 3 167.35$ - 1 508.18$ = 1 669.38$

Ok, I have more than 30 000$ in debts, in the deep red… but even at this time, my current annual dividend income provide me enough to cover up the cost of interest. So I am a winner all the way when it comes to outside of RSP dividend and debts. I am saying outside of RSP dividend become we will soon have a RSP dividend income, check it out, it’s coming soon! The only thing that disturb me is the 100$ fee that will make me TD Waterhouse pay for investing inside RSP. There’s no management fee at 25 000$. But less than 25 000$, the management fee is of 100$, which I find very extraordinary annoying. That’s why I haven’t been set-up for the RSP at TD Waterhouse yet. But at the same time, I just cannot wait to place more trades!!!

Anyhow, you now have an overall picture of my debts vs dividend kind of deal and you now know the reason why I am not in a major rush to pay off my debts.

10 500$ RSP contribution for 2009: now done!

Ok, so this is it, I got the RSP loan! I told you, I am invincible, and you better get use to it! lol!!!! I might have one of those super awesome credit score. Your credit score = your best friend when you want to enjoy the joy of leverage… Let’s clarify all this.

I had been approved for the 10 000$ RSP loan. Now, you want to know who’s been good enough with me Sunny alias The Dividend Girl to provide me a little something for my RSP contribution. Tadammmmmmm… And it is… TD Canada Trust! The happy winner of my RSP loan lol. Thank you TD Canada Trust thank you! lol…… And my payments only begin in May by the way. And I contribute 500$ from my own pockets. So my RSP contribution for my 2009 taxes is of 10 500$. I shouldn’t have taxes to pay after this contribution. That’s for sure.

I was really going completely nuts. I will never understand why I got refused by Bank of Nova Scotia for this loan. It was really wrong coming from them. Anyhow, who care about Bank of Nova Scotia when TD Canada Trust is willing to give me whatever I ever wanted: money, money, money! So for now, my portfolio is not moving from TD. Everything remains just where it is.

I got the RSP loan. Wow. I just cannot believe it. The payments are just a bit more than 100$ per month, so I am going to be just fine. And it’s only beginning starting in May. This loan is bringing us closer to our 100 000$ assets goal. I really believe I can make it happen for 2010. I will be 30 years old, we’ll be in 2010 and I will own 100 000$. Just amazingly wow! I am going to be able to relax and calm down a bit now that everything is all set for good. And its look like I am set for good with TD Canada Trust.

And if you find that this whole 100 000$ in assets + 30 000$ in debts formula doesn’t worth a damn, well, guess what, I am going to show that you’re wrong and, as always, that I am right lol. And it was really wrong, coming from Bank of Nova Scotia to refuse my RSP loan.

RSP 2009 contribution: the nightmare continue

I am just sooooooo tired right now. It didn’t work out at the Scotia Bank for my RSP loan. I was pretty disappointed because I had been waiting more than 1 week for it. I never been a customer at Bank of Scotia and I guess I will just never become one. I hold to many debts for the salary I own and my 44 000$ in stock couldn’t be taking as loan guarantee because they are stocks. If they would be GIC or other boring stuff like that or simply cash would had worked out. Bank of Nova Scotia doesn’t want my business? Who care! lol… I haven’t impress Bank of Scotia with my assets and my plan to transfer my assets to iTrade. But it doesn’t mean that the RSP loan project is ending here. Because as you know, here at My First 50 000$, we like to beat the steel when its hot. Doesn’t we? lol….

And guess what, as soon as I got the no as answer, I turn to another bank, explaining the situation. I was pretty lucky because a financial representative was available to take me between 2 appointments… I was very happy. I won’t reveal the name of the bank that impresses me that much until the deal is close and running. 10 500$ in RSP in quite some money. In case it doesn’t work out, I have a plan B, but I have to do quick… time is running so pass and dealing with those financial things that I am not that use too is quite exhausting. On top of that, I work today until 8:30pm… I just can’t wait for tomorrow. I need something to be done about all this.

Today, I learn something interesting by dealing with different banks: if a loan request had been refused at one specific bank, it doesn’t mean that another bank won’t approve you. Why? Because each banks seem to have their own rule. If you plan to proceed with a loan request at a bank where you do not hold already any credit, you need to have if not a great deal of cash, not too many debts around.

I am going to bed for now, I am completely burned out.