Welcome Consumers’, 200 units of The Consumers’ Waterheater Income Fund in my online future trading brokerage

Right now, things are going so great, I thing we are going to be able to make it! Our stocks and units investment portfolio (non registered one) is currently at a super great 43 781$.

Up of 222.40$ compare to March 5, 2010! Very nice! We like slow, little calm increase of our portfolio.

For our first 100 000.00$, what I am looking for is stability. Not magical gain. And I continue to believe that if I continue to diversify my portfolio, we’ll be able to make great things happen.

Today, we use the money earn by our sell of Creststreet Alternative Energy Fund to purchase 200 units of The Consumers’ Waterheater Income Fund (CWI.UN). So it’s now official, we now own 200 units of The Consumers’ Waterheater Income Fund (CWI.UN). This investment is from our Tax-free savings account.

Since March 5, 2010, many changes happen in our investment portfolio in a very short period of time. We need to update our investment portfolio, but it won’t until a couple of days. Reason why?

I currently have just a bit more than 5 000$ to invest. A 1 000$ here, a 5 000$ there… Wonder where the 5 000$ is coming from? Well, it’s coming from a ping-pong game. To know what it is about, I will be mean, if you are a new reader, you will have to refer to previous posts. And to the ones who knows what I am taking about well, to them, I will say: OUPS I DID IT AGAIN! lol….

I have to say, this morning was quite busy. I ply ping-pong. I borrow 5 000$ at 4.9% for 6 months. Initially, that money was supposed to be use to pay off one of my credit line. I know I said I won’t borrow anymore… But it’s just for 6 months and I can manage this new loan in my budget payments. After this, I am done, no more ping-pong game. Ok, I have the money, nice, but what am I going to do with it? I was thinking about investing in Just Energy Income Fund (JE.UN). I know, you’ll probably say, more units from JE.UN. But did you know, Jean-François Tardif had well rated Just Energy Income Fund (JE.UN) in, I think, 2009. Ok, we are in 2010, but I think the situation with JE.UN pretty much the same, if not better than 2009 since JE.UN had made some new acquisitions since that time. Right now, JE.UN seems a good investment. So how about 300 new units of Just Energy Income Fund (JE.UN) in our portfolio?

Why not?

See the effect on our dividend income (for the non registered part):

Currently, with The Consumers’ Waterheater Income Fund (CWI.UN) included, we have an annual dividend income of 3 501.56$.

300 new units of Just Energy Income Fund (JE.UN) will provide us 432$ in annual dividend income (1.44$ per unit).

3 501.56 + 432$ = 3 933.56$ in annual dividend income (around 327$ per month in dividend income).

At almost 4 000$ in dividend annual income, we definitively going to invest in 300 units of Just Energy Income Fund (JE.UN)! I don’t know what’s going to happen in 6 months from now once my 4.9% will have expired. But that’s just in 6 months. We also have a previous ping-pong with CIBC that should end in the next couple of months… So we are going to see what’s going to happen to all of that fantastic money.

And by the way, we had received today our Bell Aliant Regional Communications Income Fund (BA.UN) dividend. We had received 24.17$ in monthly dividend from Bell Aliant Regional Communications Income Fund (BA.UN).

Monday on the go

Another week begin on a good speed. My stocks and units investment portfolio is now at 43 797.30$, which is an increase of 238.70$ compare to what I hold on March 5th. My RSP portfolio with Emera (EMA), EnCana Corporation (ECA) and Claymore Gold Bullion EFT (CGL) didn’t do that well. I actually lost around 200$ from this group of investment. But nothing to worry about, its just the normal fluctuation of the stock market, from my point of view. But I have to say, I worry about EnCana Corporation (ECA) as the stock continue to loose some value without no reason. Just a bit scary, to tell you the true.

Newest dividend

I just received 29.18$ in monthly dividend from Enbridge Income Fund (ENF.UN). With the help of the DRIP, I earned 2 extra units of Enbridge Income Fund (ENF.UN). At this point, holding Enbridge Income Fund (ENF.UN) in my investment portfolio is very interesting because each unit now worth 13$! Nice profit right here with ENF.UN.

Creststreet Alternative Energy Fund is now part of the past

Last week, I place a sell order in order to sell all of the units I hold of Creststreet Alternative Energy Fund. I just received the cash from the sale: 1 100$. At the end, I made a profit of 100$ of this sell. I am now getting ready to make the purchase of 200 units of The Consumers’ Waterheater Income Fund (CWI.UN). I fix my order at the max price of 5.30$. Today, The Consumers’ Waterheater Income Fund (CWI.UN) close at 5.28$. So I guess the trade will go through. I prefer place my order in advance because I have things to do tomorrow morning before going to work, like getting my taxe papers ready among other things.

EnCana Corporation (ECA): the benefits of investing in green natural gas energy

This last Friday, for our RSP, we invested in 100 stocks of EnCana Corporation (ECA). I wanted to explain the reason why I decide to invest in EnCana Corporation (ECA). Part of the reason why I decide to invest in EnCana Corporation (ECA) is that the one and only Derek Foster hold some stocks of EnCana Corporation (ECA) in his very own investment portfolio. So of course, everything that Derek Foster hold, we hold too. At this point, we do not hold all of Derek Foster companies, but it should be soon! But other reasons other than Derek Foster motivate our investment in EnCana Corporation (ECA).

What’s EnCana Corporation (ECA)?

EnCana Corporation (ECA) is a Canadian corporation. The headquarters of EnCana Corporation (ECA) are located in Calgary, in the province of Alberta. EnCana Corporation (ECA) had been created only in 2002, but it’s already a huge player in the natural gas industry. Actually, in 2010, EnCana Corporation (ECA) is the largest North America's largest natural gas producer. In Canada, EnCana Corporation (ECA) operated in Alberta, northeast British Columbia and southeast Saskatchewan and in Nova Scotia. In the United States, EnCana Corporation have activities in Colorado, Wyoming, Texas and Louisiana. Over 8 000 employees work for EnCana Corporation.

EnCana Corporation (ECA) is a well-establish company, even if the company had been around only since 2002. EnCana Corporation (ECA) is one of those perfect investments for RSP. Why? EnCana Corporation had good long-term perspectives when it comes to its natural gas assets. On March 16, 2010, EnCana Corporation (ECA) declared, to repeat the worlds: “Encana’s enormous inventory of natural gas resources more than sufficient to double production in five years”. This is a major announcement. EnCana Corporation (ECA) is ALREADY North America’s largest natural gas producer. And now, the largest natural gas producer announced that its gas resources are more than sufficient to double production within the next 5 years! Competitors in the same sector will probably never be able to become larger than EnCana Corporation (ECA) since EnCana announced that they will double its productivity. This is something significant. It’s announced a lot of grow to EnCana for the years to come. We can easily suppose that EnCana will probably later on increase its dividend.

While conducting search for our RSP investment, we had to think twice about EnCana Corporation. Fact is, EnCana Corporation is only paying 0.80$ per stock in annual dividend. We are saying only because we are used to invest in companies who actually are paying much more in dividend. Examples would be: Just Energy Income Fund (JE.UN) distributed 1.44$ per unit in annual dividend, Fortis Inc. (FTS) distributed 1.12$ per stock in annual dividend, and so on. Since we hold EnCana Corporation (ECA) in a registered broker account, its low-paying dividend does not affect us as much as if we would hold the company in a non registered broker account. But no matter what, EnCana Corporation represents a great investment and we are very proud to own now 100 of its stock. EnCana Corporation trade on both TSX and NYSE under the ticket ECA.

Need other reasons to invest in EnCana Corporation, either your living north or south of the border?

Well, EnCana Corporation regularly publish note about its cash flow. Until recently, I didn’t know about cash flow, until a reader explain to me that Jean-François Tardif, the glamorous ex-hedge fund manager (who might come back who knows), was picking stocks considering the cash flow of companies. On date of today, I am still note quite familiar with cash flow, but what I can say is that EnCana Corporation (ECA) may not pay a very huge dividend, but the company has a nice cash flow and regularly publish data about its cash flow. Need examples?

On a new release publish on date of March 16, 2010, EnCana publish the following data:

EnCana 2010 Corporate Guidance
Cash flow: 4.40$-4.80$
Cash flow per share ($ per share diluted): 5.85$-6.40$

The last sentence since to mean that for each stocks that EnCana Corporation has on the stock market, a cash flow of 5.85$ to 6.40$ is associated to the value of the stock. Which could mean – always from my understanding – that the real stock value of EnCana Corporation is of 37.77$ per stock! EnCana Corporation (ECA-T) close on Friday at 31.37$, loosing 2.33% of its value. But no worries, all stocks have it’s up and down, and its sometimes follow the market. This last Friday, the TSX closes at 11 947.98 points, loosing 92.04 points.

Also regarding cash flow, on March 20, 2010, EnCana Corporation (ECA) had been ranked on the 163 position on 1 000 companies, on a Top U.S. Stocks with Highest Cash Flow per Share article.

Another reason to invest in EnCana Corporation (ECA)

We personally really appreciate green energy investments. We really appreciate our late Creststreet Alternative Energy Fund for that reason. EnCana Corporation is a company that cares about the environment. The company had received awards for environmental initiatives. In 2008, EnCana Corporation invested $50 million on new technologies in order to increase the company energy efficiency. Currently, EnCana Corporation facilities located in Haynesville Shale (Louisiana, USA) use alternate water sources wherever it’s possible. EnCana Corporation is looking for ways to reduce the amount of water use for its activities.

Last Friday, I invested in 100 stocks of EnCana Corporation (ECA) at per stock. Even we lost some money in this investment, we don’t regret, for all the reasons mention above. We will follow the progression of EnCana Corporation (ECA) and we are very excited with this newest acquisition.

A new way to invest in gold: the Claymore Gold Bullion EFT (CGL)

This Friday, we invested in 200 stocks of Claymore Gold Bullion EFT (CGL). Curious about Claymore Gold Bullion EFT? So am I. Just the world “gold bullion” is kind of catchy. Very attractive and fascinating Claymore Gold Bullion EFT.

More about Claymore Gold Bullion EFT (CGL)

Since May 28, 2009, Claymore provides the chance for investors to have exposure in gold bullion through the Claymore Gold Bullion Trust (CGL.UN). These being done without the high transaction and insurance fee, the handling, storage those are normally associated to gold bullion. While purchasing Claymore Gold Bullion EFT (CGL), if you wonder where in the world is being stored the “physical gold”, well, it’s being stored in the vaults of ScotiaMocatta, a division of the Bank of Nova Scotia. So your gold will be store in a safe place lol.

Ok, so back in 2009, the Claymore Gold Bullion was a Trust, a closed-end fund, which means an .UN investment like we like to name them. At the time, the initial public offering was at $10 per unit, for a total offer of 40,000,000 units. The investment was pretty affordable and basically everyone who had an interest in Claymore Investments and in Gold could invest in the Claymore Gold Bullion Trust. And this is exactly what we like the most about this financial product: its accessibility, not to name also its participation in gold itself. Pretty interesting stuff!

In January 2010, with $816-million under its belt, the Claymore Gold Bullion became an exchange-traded fund (EFT). We never personally invested in an exchange-traded fund before. So let’s hear the experts, see what Claymore Investments had to say regarding EFT: “An ETF is an investment fund that trades throughout the day on stock exchanges during normal trading hours. ETFs combine the advantages of investing in index funds, including diversification and low costs, coupled with the liquidity and flexibility of investing in individual stocks. ETFs offer investors many advantages over other investment vehicles, including enhanced tax efficiency, all day liquidity and complete transparency. ETFs are designed to closely track the holdings and performance of their designated index, whose selection methodology can be either passive or strategic.” Interesting, isn’t?

So the Claymore Gold Bullion changed from Claymore Gold Bullion Trust (CGL.UN) to Claymore Gold Bullion ETF. The hedged common units of the fund than began to be trade on the Toronto Stock Exchange (TSX) under CGL. At the time, it’s seemed like Claymore Investments wanted to make the trading easier for its new gold bullion product. The fact that the Claymore Gold Bullion change from Claymore Gold Bullion Trust (CGL.UN) to Claymore Gold Bullion ETF (CGL) didn’t changed, according to Som Seif, President of Claymore Investments, and the investment objective or investment restrictions of the fund. The name had changes, but it’s always the same good “gold bullion” product. Also, Claymore Gold Bullion EFT (CGL) is the very first physical gold bullion of Canadian ETFs.

This meaning that investors can now invest in Claymore Gold Bullion ETF (CGL) in the same way they invest in stocks over the Toronto Stock Exchange (TSX). Commission fees required by online brokers are the same for EFT as for stocks. Which mean that if like myself, you are a small investor who trade through T D Waterhouse, you will pay 29$ in commission fee in order to make the acquisition of some Claymore Gold Bullion ETF units, not to call them stocks. They are being trade like stocks, but they are not stocks, they are pieces of the reconstitution of an index and, more specifically in this case of the value of gold bullion. Simple and easy as 1-2-3. And good news for small investors likes us: the management fee for the Claymore Gold Bullion is only of 0.50%! Also, just like other stocks, it’s possible to listed options on the Claymore Gold Bullion ETF. This feature had been added on February 19, 2010, for the greatest pleasure of investors.

Investing in EFT allow small investors like ourselves to take advantage of the TSX without assuming all the risks. A large part of our investment portfolio is invested in stocks and units trade on the TSX. So we appreciate the qualities our newest Claymore Gold Bullion ETF acquisition. But be aware, EFT investments are not guaranteed investments. EFT investments are not risk-free investment, but an EFT like the Claymore Gold Bullion EFT can certainly bring a certain stability to an investment portfolio. We could see the EFT a bit like mutual funds, but without the high fees. The Claymore Gold Bullion ETF (CGL) is eligible for registered plans like RRSP, RRIF, RESP, DPSP and TFSA, and also non registered plan.

The Claymore Gold Bullion ETF (CGL) completes our RSP investment acquisitions of today. Earlier this morning, we purchased 200 units of Claymore Gold Bullion ETF (CGL). We pay 10.14$ per units. But here’s your change for purchase Claymore Gold Bullion ETF (CGL) at a cheaper price on Monday maybe, at the opening, since the Claymore Gold Bullion ETF close today at 9.99$. Like other financial products and stocks and units, Claymore Gold Bullion ETF has to face the market volatibility. But good news, no matter what, Claymore Gold Bullion ETF value remains relatively stable. Claymore Gold Bullion ETF lowest value since inspection had been of 9.99$ and the highest had been 10.75$. We add today the Claymore Gold Bullion ETF (CGL) thinking this investment could possibly add value to our investment portfolio. We will follow the progression of our Claymore Gold Bullion ETF (CGL) investment in the next couple of months.

Welcome Claymore, 200 new stocks of Claymore Gold Bullion ETF (CGL) in my RSP investment portfolio

Busy morning, isn't?

Our non RSP stocks and units investment portfolio is currently at 43 650.38$. Pretty strong morning at the TSX.

I also invested this morning in 200 stocks of Claymore Gold Bullion ETF (CGL). I really wanted to make this purchase ASAP! I purchase 200 stocks at 10.16$. I could had wait, since gold goes up and down all the time... But I wanted Claymore right away! Right now!!!! Gold investment is cool.

So..............

Welcome dear Claymore Gold Bullion ETF (CGL) in our investment portfolio!

Welcome EnCana, 100 new stocks of EnCana Corporation (ECA) in my RSP investment portfolio

I did a pretty good deal on this one. I purchased 100 stocks of EnCana Corporation (ECA) at 32.01$! I saw the price of EnCana Corporation (ECA) loosing value. So I set up a purchase order at the maximum price of 32.01$... And it went through! This is a good investment, even if the dividend is a bit low.

EnCana Corporation (ECA), welcome in our portfolio! :)

Welcome Emera, 200 new stocks of Emera Incorporated (EMA) in my RSP investment portfolio

This is it! I just invested in 200 stocks of Emera Incorporated (EMA). The 200 stocks were purchased in 2 blocks of 100 stocks. Don't ask me why. First block was purchased at 24.60$. The second one at 24.61$. Yeah!

Welcome Emera Incorporated (EMA) in our investment portfolio!

My RSP investments for the fiscal year of 2009

Today, something extraordinary happen: Yellow Pages Income Fund (YLO.UN) had exceeded the 6$ per stock! Yellow Pages close the day at 6.03$! That’s very good for our investment portfolio. Also, the fabulous Just Energy Income Fund (JE.UN) who finish the day at an extraordinary 14.28$! Way to go Just Energy Income Fund (JE.UN)!

Also, what I had been waiting for had finally happen: the 10 500$ from my RSP saving account got transferred into my online broker account. The money is there, just waiting for me to take some actions. So new trades are among the way. Very exciting!

We are looking forward to make some new investments. In a way, 10 500$ is not that much money, but it will certainly calm our appetite for trading for a good month or 2…

We previously discuss about the investment we would like to make. We had removed (PM) from the list. Not that PM does not represent a good investment, but fact is, PM seems to be volatile and we are greatly in need of stability and grow in our investment portfolio. Don’t forget about 100 000.00$ assets goal!

A little while ago, I discover Emera Inc. (EMA) by reading a fantastic blog: Money Energy. The blog is full of investment ideas. Since I am from New Brunswick, I always like to invest in Maritimes stocks. And Emera Inc. (EMA) is quite interesting. Pretty stable company. I like Emera. I wanted add on to my portfolio for a very long time now! So here it comes:

Emera Inc. (EMA)
Number of stock: 200
Investment value: 4 920$ + commission fee of 29$ = 4 949$
Annual dividend earning: 226.40$

This one coming from Derek Foster (Stop Working Too: You Still Can!):

EnCana Corporation (ECA)
Number of stock: 100
Investment value: 3 212$ + 29$ = 3 241$
Annual dividend earning: 80$

We now have 2 310$ left. What are we going to do with it? The magic word: GOLD. This next investment won’t pay any dividend, but it will certainly bring great stability to our investment portfolio. I never invested in gold before, so this is pretty exciting:

Claymore Gold Bullion ETF (CGL)
Number of stock: 200
Investment value: 2 028$ + 29$ = 2 057$

So this is probably what’s going to happen!

As you can see, not too much in dividend, but I acquire 2 companies I wanted for a long time and I think I am doing good investments. And that Claymore Gold Bullion is probably going to rock the house!

So those are for my RSP investment. I didn’t place any purchase order yet. I am over-excited. Gonna wait until tomorrow early morning.

Oh no! Pembina Pipeline Income Fund (PIF.UN) cancels its DRIP!

Believe it or not, I call 2 times my broker for the following reason: the dividend earned this month of Pembina Pipeline Income Fund (PIF.UN) didn’t DRIP! How come? The money was lying there in cash in my broker account. I wait almost the whole week and nothing, no DRIP! Awful!

But in 2 times, my broker had no idea of what was going on! The answer I got was something meaning: if it didn’t DRIP, its mean there’s no DRIP. Whatever! But you have to know that in the meantime, I had cancelled my DRIP because I taught I was going to transfer everything at iTrade and I didn’t want any transfer problem among the way. So I left my DRIP cancelled for about 2 weeks or so. Once my RSP loan got refused at Bank of Scotia (BNS), I decide to stay with my current broker because hey, business is business. So I really taught it was because my DRIP had been removed that my dividend of Pembina didn’t DRIP. But this wasn’t the real reason at all! The main reason being that Pembina cancel it’s DRIP! This is a nightmare!

Ok, you might tell yourself: calm down, it’s only a DRIP! Yeah, your kind of right. But did you know: 1 unit of Pembina Pipeline Income Fund (PIF.UN) = 1.56$ in annual dividend? This month, a DRIP would have provided me at least 2 brand new units! And 2 brand new units = 3.12$ in annual dividend money! See where I am coming from?

Anyhow, there will be no more extra unit of Pembina Pipeline Income Fund (PIF.UN) because the company decides to cancel its DRIP program. Kind of sad for us who worked so hard at building a strong investment portfolio. But good news: Pembina Pipeline Income Fund had confirmed a 1.56$ dividend per unit until 2013. It’s very good news for investor. Ok, this means that no dividend increase is being plan for PIF.UN until 2013. But 2013 is just in 3 years from now. And at a 1.56$ annual dividend, PIF.UN is a generous dividend payers. So when it comes to Pembina Pipeline Income Fund (PIF.UN), it’s definitively a hold for me.

My stocks & units investment portfolio in review on date of March 17, 2010

Very exciting to see the TSX at more than 12 000 points again. Like this wasn’t a one hit wonder, the 12 000 points is in the house and it’s for real! And it’s had positive effect on our investment portfolio. We note a small increase of our stocks and units investment portfolio, which is at 43 624.51$. Compare to March 5, when our stocks and units portfolio was at 43558.60$, it’s represent a nice gain of 65.91$. The goal is not to see the portfolio gain 200$ overnight, it’s mostly about having a stable portfolio, with continuous stable gains. So I am a point where I really think I am going to reach the 100 000.00$ in assets by the 2010.

Interesting gain today in my portfolio. Seem like Fortis (FTS) will soon hit the 29$ per stock. At 12.91$, we can say that Enbridge Income Fund (ENF.UN) is almost at 13$ per unit. And so on… My portfolio is doing very very well. For Bank of Nova Scotia (BNS) alone, I gain 560$ from this investment! I first purchase 100 stocks of Bank of Nova Scotia (BNS) when its stock value was at 44.82$. Bank of Nova Scotia (BNS) is now at 50.17$! I earned even more from Methanex Corporation (MX). Back than, I didn’t know too much about Methanex Corporation (MX) but I have to say, this pick pay me well! I first invested 100 stocks of Methanex when its value was at… 15.79$! The stock value of Methanex Corporation (MX) is now at 26.49$... and I now own 103 stocks of Methanex Corporation by the magic of the DRIP. This represent a profit of 1 102.10$! I also did very very well with Pembina Pipeline Income Fund (PIF.UN). My initial investment of 6026.17$ in Pembina Pipeline Income Fund (PIF.UN) now worth today 7091.21$. It’s an increase of 1 065.04$! That’s nice, isn’t? But I am not done wet!

I also did pretty well with Enbridge Income Fund (ENF.UN). I first invested 3 634.28$ in Enbridge Income Fund (ENF.UN). And currently, the very same investment worth 3 924.64$, which represent an increase of 290.36$. Nice little gain.

We can certainly continue with Fortis (FTS). I initially invested 2 625.63$ in Fortis (FTS). Currently, my Fortis (FTS) investment worth 3 041.85$. Profit = 416.22$. Kind of cool!

Ok, and what about Just Energy Income Fund (JE.UN)? Well, my initial investment in Just Energy Income Fund (JE.UN) was of 5 556.77$. The same investment in Just Energy currently worth 6 002.37$. Gain of 445.60$! After what, come and tell me I don't have it! lol :)))

And also Yellow Pages Income Fund (YLO.UN). I first invested 2 248.27$ and I am now at 2 593.67$ when it come to Yellow Pages Income Fund (YLO.UN). The increase? Of 345.40$. WOW!

I had done well with recent pick also. I am very proud of my Davis + Henderson Income Fund (DHF.UN). I first invested in 100 units at 16.88$. Davis + Henderson Income Fund (DHF.UN) is currently at 17.77$. Which represent an increase of 89$. Nice!

My Corby Distilleries Limited (CDL.A) remains stable. I had purchased 100 stocks at 15.30$. The stock value is still the same, at 15.30$.

And not to forget about Jean-François Tardif, our Premium Brands Holdings Corporation (PBH) did quite well! We initially invested 2 899$ in Premium Brands Holdings Corporation (PBH). The same investment now at 2 936$. Gain of 37$!

As part of my strategy, I try to time the market. By timing I mean I invest when I think the stock price is good. That’s how I acquire Bank of Nova Scotia (BNS). At 44$ per stock, I knew I was doing to good investment. For me, it was clear that BNS was definitely going to increase in value in a not too far future… And here we are, on date of today, just a couple of months later, I gain more than 500$ from the investment.

But I do not always time the market as my goal is to invest on a regular basis, no matter what’s going on the stock market. And I did quite well! Of course, Derek Foster is a major inspiration. And I am going to say thing simply and easily: Derek Foster kick ass!!

We talk about my success…. But I also had failed in many occasions. So the major gains I made help to recover from great loses. In order to avoid any loses; I mostly try to stick to Derek Foster plan. I also try to diversify my assets.

So here about my failures:

Blue Note Mining (BNT)
Initial investment: 689$
Now worth: 46$
-643$

Dumont Nickel (DNI)
Initial investment: 661.50$
Now worth: 460$
-201.50$

Hanwei Energy Services (HE)
Initial investment: 674$
Now worth: 114$
-560$

Sprott Inc. (SII)
Initial investment: 4 952.57$
Now worth: 2 215.59$
-2 736.98$

And the last one that I was keeping for desert, the one and only:

Timminco (TIM)
Initial investment: 4 065$
Now worth: 222$
-3 843$

TOTAL: -7 984.48$

Belive it or not, the genius investor that I am lost 7 984.48$ in the stock market. But great news: all of those investments had been done some times ago. My greatest regret is Sprott Inc. (SII) and Timminco (TIM). Who’s the responsible for my loses? Myself on first place. But secondly, Eric Sprott. Eric Sprott the one and only is directly responsible for the lost of 6 579.98$! Eric Sprott company Sprott Inc. (SII) had lost some great deal of value. When Sprott Inc. (SII) arrived on the market. It was listed at 10$ or around per stock. I invested in 500 stocks of Sprott Inc. (SII). My investment in Sprott Inc. (SII) could have turned well if only Eric Sprott would had been intelligent enough to take good care of Jean-François Tardif when he was working for him. Last year, I earned around 80$ in special dividend of Sprott Inc. (SII). I received the special dividend of Sprott Inc. (SII) just a couple of days ago. The amount earned? 12.62$! We are very far from the amount earned back in special dividend 2009 from Sprott Inc. (SII). In 2009 like so far in 2010, Eric Sprott didn’t deliver.

For those who don’t have a clue of who Jean-François Tardif is, Jean-François Tardif had been a top hedge fund manager working for Eric Sprott. In 2009, Jean-François Tardif, in his forties, announced his retirement. At that time, little did we know about the reason why behind this early retirement. Eric Sprott is the direct responsible of the too early retirement of one of the most talented hedge fund manager. When Jean-François Tardif announced his early retirement, he was closed, from my understanding, to a burn out. He was always working, always reading financial statements, always managing, managing, managing. At a point, Jean-François Tardif asked Eric Sprott for some help: he couldn’t manage the hedge fund alone. And who could? Eric Sprott agree to provide Jean-François Tardif some assistants, but at the only condition that the assistants would also work for other managers of the house. At that time, Mr. Tardif was doing the work of 5 persons: we had declared to the Presse Affaires that he would have needed 4 to 5 assistants. But that help never come.

Feeling exhausted Jean-François Tardif preferred to call for an early retirement. Many professional in finance has to deal with those kind of situation (remember I got fired from BMO Bank of Montreal?). And also, remember Steve Martin who used to be the manager of Creststreet Alternative Energy Fund. What happen? Why Steve Martin is no longer the manager of Creststreet Alternative Energy Fund? Maybe one day we’ll know. See, we learn what happen to Jean-François Tardif at Sprott Inc. So one day, we’ll learn the true about Steve Martin and the Creststreet Alternative Energy Fund. And one day, you’ll know what happen to myself The Dividend Girl at the BMO Bank of Montreal! I am currently working on it!

Anyhow, what a huge mistake coming from Eric Sprott not to answer positively to Jean-François Tardif!

This year 2010 Sprott Inc. special dividend was a lot less because without Jean-François Tardif, Eric Sprott lost a lot of money. I hope investors had been smart enough to sell everything they hold at Sprott Inc.

On date of today, I hold more than 500 stocks of Sprott Inc. (SII). I also unfortunately hold a bit more than 5 000$ in the Sprott Canadian Equity Fund. If I sell those assets now, I am going to loose some money. But I am at a point where I seriously think about selling my stocks of Sprott Inc. (SII) and the parts I hold of Sprott Canadian Equity Fund for the simple and good reason that Eric Sprott is not a good investor. His Sprott Canadian Equity Fund is one those mess. I lost more than 2000$ in it. Why? I did very well myself with my investments in JE.UN, FTS, BNS and so on. So why can a professional do better than making me loose some money? Fact is, Eric Sprott is no longer who he used to be. Especially after the episode of Jean-François Tardif. Eric Sprott doesn’t even deserve the respect of investors.