My credit card limit increase request had been approved!

Just a few days ago, I had applied for a credit card limit increase of 3 000$ so I can benefit of a credit card balance transfer of 4.9%... Well, the request had been approved. TD Canada Trust is the greatest financial institution in Canada. TD Canada Trust never refused me anything! I have a TD credit line, a TD Visa, a TD RSP credit line… not to mention a broker account. Actually, the only thing missing from my TD package is a TD chequing account. So this is pretty great. I could have get refused because of the current debts I hold. But since my broker account is at TD, they can also see what kind of cash I have invested. I guess it had played in my favor. The Dividend Girl is also… a TD Girl lol…

Just a few months ago, I had applied for a RSP loan at Bank of Scotia and got refused. The reason why? For Bank of Scotia (BNS), I was holding too much for the salary I had. Also, I had basically no cash, only investment. And a branch of Bank of Scotia (BNS) located in Montreal didn’t want to take my stocks portfolio as security, even if I am one of their shareholder. I think things could have worked out better if I would had been better at another branch. So just don’t go visit the branch of Bank of Scotia located on University downtown Montreal because you will just loose your time! Bank of Scotia is not willing to make business with you if you don’t hold cash and hold too much debt.

I am proud of my debts, of my investments and not having cash do not matter to me. Not working full-time had been an issue too… and being fired from BMO Bank of Montreal too lol. Like come on! Bank of Scotia (BNS) need to be more open-mind. I had an awesome credit history, I am rich, and some sick people of Bank of Scotia are saying NO to me?

I had big project for me and Bank of Scotia. I wanted to get the loan, transferred my portfolio over Scotia iTrade…. But since Bank of Scotia REFUSED my loan request, I told myself: f*** off, I stay with TD. From that point, I told myself I was going to stay forever with TD Canada Trust.

I wanted to switch for Scotia iTrade because with a minimum of 50 000$ in portfolio, which I was reaching at the time with the RSP loan, I could had placed trades at 9.99$. It was basically the only reason why I wanted to switch from T D Waterhouse to Scotia iTrade. But it never happens, so I decide to stay with TD. Business is over with Bank of Scotia, as well as BMO Bank of Montreal (BMO) because, as you might already know, BMO Bank of Montreal fired me after 3 months, shortly after giving me a 5 000$ credit line and 4 000$ Mastercard credit card. But shouldn't be surprised, as a New Brunswicker, I had experiment the lack of common sense of Quebeckers. I would have deserved a longer try out period. I was willing to learn and doing my best. My laid off from BMO Bank of Montreal is also a lack of social responsibilities from BMO Bank of Montreal. They had provided me credit, learn about my good credit situation and my investment and than, after giving me 9 000$ value in credit, fired me before my try out period. I could only have lived something like it here in Quebec. Quebec corruption is not only about wanted to be a country of their own, it’s about also their local MBA holders, thinking they are good and have it, to apply their own rules, thinking maybe I was going to get hurt, thinking maybe my spirit would get kill. But you have to follow my own rules. And BMO Bank of Montreal won’t be forgiven from my end.

And hopefully, I will reach 90 000$ in assets sometime this summer.

Surprise… I am now at 88 340.15$

Today had been a long day even if I finish work early. I goanna try to catch up in my hours tomorrow. I did some boring stuff that need to be done like paying on my credit card because I had exceed the limit, picking up my mail, calling my Internet provider to change my credit card (with all of their special interest credit card balance offer, my TD Visa is FULL), calling BMO InvestorLine to close my account. Yep, I had transferred everything I own to another broker, but that didn’t close the account immediately. So I did all those. And as always, trying to reach someone at BMO InvestorLine was almost mission impossible. I do not lie, it took me 30 minutes because being able to talk to someone! Way so much better at T D Waterhouse! You can really feel the difference. So those were for the majors of the day… Pretty boring isn’t? But now the best is to come…

I am now at a magical 88 340.15$ in assets

I update my investment portfolio today because I knew, by the way it was looking, that this was our day: I had exceeded the 88 000$ in assets! Currently, our overall investment portfolio is at 88 340.15$. Yeah! Like I work so hard for it, I am happy to be a bit closer to my goal. The 100 000$ is just around the corner!

Real positive gains today with Just Energy Income Fund (JE.UN) who had announced a new acquisition. Just Energy had reached 14$ during the day, but close at 13.96$. Not bad, way to go Energy! Also, we had to remember that we are not in the gas season now so its pretty fantastic that Just Energy had been able to reach 14$ during the day today. Just Energy Income Fund (JE.UN) is one of my favorite.

Sprott Inc. (SII) is still under 4$ while the company had announced a new fund, seem to be interesting, it’s the Sprott Private Credit Fund. The fund will be manage with the participation of Third Eye Capital Management Inc. Just great news for stocks holder of Sprott Inc. (SII).

1.99% interest rate offer on credit card balance transfer from MBNA

Also today, believe it or not, in the mail was waiting for me a happy surprise… a 1.99% interest rate on credit card balance transfer for one year…. The same one that is using The Rat for his 25 000$ leverage project! I was shocked when I open the letter. It has my name on it and my address. I had been targeted, I don’t know how, but may I be bless to have receive such offer… can you believe 1.99% for one year! Too bad I didn’t go pick up my mail earlier because I already apply for a credit card limit increase at TD. But 1.99% for a full year is such a terrific offer. I going to apply and we’ll see what happen. I guess my credit card is not bad at all if I had been targeted. I think I had been target through RBC Royal Bank. Why? With BMO Bank of Montreal, TD Canada Trust and all other I have my residential address. With RBC Royal Bank, my postal box. And I had received the terrific letter at my postal box, so I guess RBC is doing telemarketing for MBNA credit card. But who care? I just wanna this offer! So this was the second good news of the day. I am the credit card godness queen. I LOVE credit card transfer balance and their low interest.

I have multiple debts for close to 40 000$. It was my own choice to borrow money on credit card balance transfer and on credit lines, but I don’t regret my choice.

Here what I would like to pay off using a credit card balance transfer:

-Credit line: 4 840$ at 3.5% =
169.40$ in annual interest
- Credit line: 5 000$ at 8% =
400$ in annual interest
Credit card balance transfer: 5 000$ at 4.9% =
245$ in annual interest
Credit card balance transfer: 4 359.02$ at 3.9% =
170$ in annual interest
TOTAL OF DEBTS: 19 199.02$
Total in interest rate: 984.40$

I would like to get a 20 000$ credit card, so I can benefit of the 1.99% offer for 1 year for those debts. This way, I could save 602.34$ in interest money! Knowing myself, I know I might be tempted to use the money to invest more in Just Energy and other… But no matter what’s going to happen, a 1.99% interest rate is a good opportunity.

Dividend news

Also today, I had received the dividend of Pengrowth Energy Trust (PGF.UN), 7.42$. Last week or so, I had received the dividend from Premium Brands Holdings Corporation (PBH). I was going to call T D Waterhouse because the dividend didn’t DRIP, but I run out of time. And just by checking the Premium Brands Holdings Corporation (PBH) Web site, I see that the DRIP had been suspended. This is really sad because the DRIP system can be quite powerful. I could had earned around 4 new stocks of Premium Brands if only the DRIP would had been still on going… I currently have 100$ in cash in my broker account, whch I am not use to have. That money will help to make the minimum payment on my credit line. I would just have 50$ of my own to pay on the credit line.

Government cheque

I had received my federal checked of 130$. No more excuses for not doing exercice with that money, I can purchase a new pair of running shoes. Current pair tighting my feet too much when I exercice on a long period of time. Outch! So I am going to climb the Mont-Royal right to the top. Check me out.

So lot of extraordinary things happen today. I am feeling lucky, gonna have to purchase a lottery ticket.

My stock investment portfolio in date of April 18, 2010

Savings:
372.07$


Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 935.36$
Timminco (TIM): 176$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 432.70$
Hanwei Energy Services (HE): 102$
Methanex Corporation (MX): 9 786.48$
Fortis (FTS): 2 915.85$
Pembina Pipeline Income Fund (PIF.UN):
7 338.24$
Just Energy Income Fund (JE.UN): 9 786.48$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 805.54$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 597$
Pengrowth Energy Trust (PGF.UN): 1 202.04$
Enbridge Income Fund (ENF.UN): 4 085.10$
Corby Distilleries Limited (CDL.A): 1 570$
Davis + Henderson Income Fund (DHF.UN):
1 790$
Premium Brands Holdings Corporation (PBH):
2 864$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Cash: 93.51$

TOTAL: 48 767.32$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 759.05$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Sprott Canadian Equity Fund: 5 312.73$
Cash: 21.69$

TOTAL: 9 133.47$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 050$
EnCana Corporation (ECA): 3 147$
Emera Incorporated (EMA): 4 880$
Cash: 259.15$

CIBC Dividend Growth Fund: 506.94$
CIBC Emerging Markets Index Fund: 452.54$
CIBC Monthly Income Fund: 977.62$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.71$
TD Monthly Income: 101.81$
TD Emerging Markets: 81.60$
TD Energy: 82.39$
TD Precious Metals: 106.74$
TD Latin American Growth: 95.44$
TD Entertainment & Communications: 107.58$
TD Dividend Growth: 201.76$
TD U.S. Mid-Cap Growth: 103.53$

Maritime Life International Equity Fund
(Templeton): 651.15$
Manulife Simplicity Growth Portfolio: 869.85$
Maritime Life CI Harbour Seg Fund: 1 025.17$
Maritime Life Fidelity True North Seg Fund: 973.84$
Maritime Life Trimark Europlus Seg Fund: 602.97$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 510.39$
RBC U.S. Mid-Cap Equity Fund C$: 1 878.53$
RBC Global Resources Fund: 955.47$
RBC O’Shaughnessy International Equity Fund:
605.43$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 021.90$

GIC Canadian Market: 1 000$

TOTAL: 29 295.75$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(112.57$):
87 721.18$
[In date of April 18, 2010]

Lovely gains today for my everything

I like to end a day of work like this: coming home early, starting my laptop, log-in to my online broker account and… discover fantastic gain in my investment portfolio!

My non registered stocks & units portfolio is up of 182.60$. My TFSA portfolio is up of 78.40$. And my RSP stocks portfolio is up of 26$. This mark a 287$ gain today only – and this is only counting one part of my portfolio. I won’t update it again as I just did it yesterday. The gains made are small but interesting, knowing that those were gains made between yesterday and today… 287$ is more than I do in just a day of work! I am quite happy with my portfolio right now. The gains were not spectacular today at the TSX, but I prefer little gains to major ones. Little gains seem to be just more stables. Since the big stock crash of somewhere in 2008, the TSX is everything but not stable. I can definitely talk about it! The road had been rough for our mutual fund investments. But among the way, with a well diversified portfolio, everything is possible and I have to say, I have achieve my everything today.

So what happen today that I got a juicy boost in value? Well, even if they refused my RSP loan this year, Bank of Scotia (BNS) is in good business. The stock value had raised to the 52$. So you can imagine the positive effect on my portfolio as I own 105 stocks of that marvelous. Also, Yellow Pages Income Fund (YLO.UN) is at an extraordinary 6.53$. Those were 2 of our major investment portfolio boosters!

Sprott Inc. (SII) still under 4$ per unit and Just Energy Income Fund (JE.UN) again at less than 14$ per unit. Once those 2 will go up again, gains will be just spectacular. My non registered stocks and units investment portfolio could than worth close to the 50 000$ alone!

I finally complete my credit card limit request. I will learn more about it within 2 business days.

Other Internet projects among the way, a new Web site idea I wrote about previously… well, it’s still on going. My only problem is discipline. That’s the main reason why I wasn’t able to launch the project yet. I had been too busy counting and re-counting my money.

I am now at 87 721.18$

I was very curious to see how much my value was now after my latest investment in 200 units of The Consumers’ Waterheater Income Fund (CWI.UN).

On date of April 18, 2010, I am at a healthy 87 721.18$, a lost of 74.94$ compare to April 5 but still, just a 74.94$ in losses is not that of a deal on a +80 000$ investment portfolio. Believe me, once Sprott Inc. (SII) will me over 4$ and when Just Energy Income Fund (JE.UN) will be over 14$ per unit just like it use to me, my portfolio will be than at more than 88 000$. And luckily, when I will make my next investment this upcoming June, the value of my portfolio may be reach 90 000$. In June, I plan to invest in 100 stocks of Corby Distilleries Limited (CDL.A), for a value of around 1 600$. Here how it could be in June:

88 000$ + an extra increase of 400$ of my portfolio + 1 600$
= 90 000$

I could possibly hit the 90 000$ in assets in June, but it will all depend of the stock market condition. So far, things are doing great. I am already at 909.92$ in dividend earning for 2010. Looking forward to have a lot more in dividend earning by the end of 2010. Cash just continue to flow. And the cash flow delivers some extra stocks and units among the way, which is even better that just cash alone.

If I could make an extra 1 000$ per month for the period of May-August 2010, I could reach my first 100 000.00$ in assets right on time for my 30th birthday, which is coming at the end of August. Interesting… My at this time, I am kind of use to my routine and stuff and job searching is not really what I want… but I guess I will think about this one in the upcoming days. Many times I wrote that I will job searching… But even with my current situation, I am doing relatively fine. And when I see where I am in my portfolio goal right now, well, I am kind of wow! I am just at a point where all this money enough for me. But shouldn’t I just shake up and go for more? Yes in a way, no in another way. Like right now, I have a lot of free time to do just whatever I want to do, counting my money or doing anything else lol…. But the possibility is there, I have to PUSH myself.

30 years old, 100 000.00$ in assets, 37 000$ in debts lol, what about that? The sooner the better because once my 100 000$ will be reach, I told myself I would be working at paying debts.

Everything is just so easy... or almost :0)

My stock investment portfolio in date of April 5, 2010

Savings:
1 002.69$

Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 053.35$
Timminco (TIM): 164$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 290.95$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 662.55$
Fortis (FTS): 3 045$
Pembina Pipeline Income Fund (PIF.UN):
7 289.45$
Just Energy Income Fund (JE.UN): 10 266.60$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 710.58$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 554$
Pengrowth Energy Trust (PGF.UN): 1 269.88$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 545$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 916$
Cash: 21.23$

TOTAL: 48 164.77$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 781.94$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 036$
Sprott Canadian Equity Fund: 5 160$
Cash: 21.69$

TOTAL: 8 999.63$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 046$
EnCana Corporation (ECA): 3 300$
Emera Incorporated (EMA): 4 926$
Cash: 259.15$

CIBC Dividend Growth Fund: 509.75$
CIBC Emerging Markets Index Fund: 454.74$
CIBC Monthly Income Fund: 982.01$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.88$
TD Monthly Income: 101.87$
TD Emerging Markets: 81.89$
TD Energy: 84.48$
TD Precious Metals: 104.09$
TD Latin American Growth: 96.20$
TD Entertainment & Communications: 105.54$
TD Dividend Growth: 201.91$
TD U.S. Mid-Cap Growth: 101.25$

Maritime Life International Equity Fund
(Templeton): 645.92$
Manulife Simplicity Growth Portfolio: 871.20$
Maritime Life CI Harbour Seg Fund: 1 029.66$
Maritime Life Fidelity True North Seg Fund: 982.40$
Maritime Life Trimark Europlus Seg Fund: 601.58$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 513.32$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.06$
RBC Global Resources Fund: 961.11$
RBC O’Shaughnessy International Equity Fund:
596.07$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 035.65$

GIC Canadian Market: 1 000$

TOTAL: 29 487.97$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(101.06$): 87 796.12$
[In date of April 5, 2010]

Money, dividend and budgeting for the month of May

The month of April is not over yet but I am already thinking my budget for May. Why? In May, I will start paying on my 10 000$ RSP loan. The monthly payment is about 107$. Also, one of my credit card balance transfer offer at 3.9% is getting to expire on May. For the first time ever, I am not quite happy with CIBC Visa because I had been told 2 different things by 2 reps… I should get organize better, but I got busy with all kind of different thing, not to forget about my laid off of BMO Bank of Montreal. Please do not forget about that one for me ok? Since I got laid off from BMO Bank of Montreal, I didn’t purchase a single piece of clothes. No new jeans, no new t-shirts, no new bra… NOTHING lol.. Not even a hair cut…. Talking about living miserably….

Financial success reside in a budget, and sometime on a really tight one

I write it on HubPages before, I am a natural saver. This allows me to manage everything without budgeting. The budget is kind of in my head and I never needed to write down expenses, etc… But my newest loan payment coming by, I needed to review my situation just to make sure everything fit at the right place, that I got laid off from BMO Bank of Montreal or not. Ok?

So what’s going to happen, several months after my laid off of BMO Bank of Montreal? Well, just the usual. Let’s check it out:

RSP credit line loan: 107$
Credit line 1: 150$
Credit line 2: 100$
Student loan: 100$
Visa 1: 150$
Visa 2: 100$
TOTAL: 707$

The minimum payment required on my debts is of 707$. To this amount we need to add my rent, 545$, and my Internet, 35$. All combine together, it will make 1 287$. To this amount, I add 400$ more groceries, coffees and everything else. It bring the total to 1 687$. Did you notice something? I remove the metro pass!

Talking about living frugally: I find an easy way to save 65$ per month

This is kind of a drastic choice for me who always enjoy traveling in the Montreal metro but as my budget is getting tighter and that I need to exercise more, anything I can do to save money and getting a bit more in shape is more than welcome. I just cannot deprive myself on coffees and other little eating out because it would just make me feel more miserable that what I am experimenting right now lol. So starting May 2010, no more metro pass! I am about 45 minutes walking distance from my day-time work. My weekend job is actually a walking distance away from my apartment. I can easily live without a metro pass. Just going to be rough for the first couple of days I guess. But it worth the try, 65$ is kind of good money. I am happy that I cross over this solution. Just for the period of May-November itself, I could save 455$.

Pembina Pipeline Income Fund (PIF.UN) dividends are in the house!

I just received 53.69$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Strangely, the DRIP is on. I am earning actually 3 extra units of PIF.UN. I will have to call T D Waterhouse because last month, my PIF.UN dividend didn’t DRIP. I previously call T D Waterhouse about it, and nothing had been done. On a certain way, some brokers of T D Waterhouse are not willing do no anything for you except selling or buying stocks for you as they can earned commission. That’s how it work at T D Waterhouse. If you have T D Waterhouse as broker, check your statement very carefully because after 60 days, if there’s a mistake of what so ever, T D Waterhouse won’t do anything. They are like that. In a way, T D Waterhouse and BMO Bank of Montreal share a lot of things. Both institution kind of suck on their own little way.

Anyhow, I had been thinking, calculating…

I have actually other projects on the way!

Yeahhhh!

Maximize my TFSA for 2010: Last year, I did some mistake with my TFSA. I taught withdraw made from the TFSA could be invested on the same year, but its not the case. Withdraw can be reinvested yes, but only 1 year after… I just waiting for my tax papers and I am going to look I what I did last year.. I am still confused about what I did, one year later… Isn’t a problem to be rich?

100 new stocks of Corby Distilleries Limited (CDL.A): So far, Corby Distilleries Limited (CDL.A) had brought great stability to my portfolio. I won’t be able to invest in 100 stocks of Corby Distilleries Limited (CDL.A) for next month, but it might be good for the month of June! This will allow me to benefit from the DRIP being offer so far from Corby Distilleries Limited (CDL.A). I should be able to earn at least 1 extra stock per distribution period.

Applying to a credit card increase at TD Visa: I have more than 70 000$ invested at T D Waterhouse, if it’s not even to get a 3 000$ limit increase at TD Visa… But we never know right? This is something I didn’t do yet but its something I will do online before the end of the weekend. And what if my credit line limit increase got refused? Solution: turning my current CIBC Dividend Visa card into one of CIBC credit card at an interest rate of 11%. My 3.9% interest on an amount of 2 735.78$ is ending on May. Close to 3 000$, the amount is kind of huge, but no way I am going to sell one of my investment without hitting first my first 100 000$. It’s all in the head; it’s stupid and hot at the same time. But I have a NO SELL rule…. I could ask for a credit line at RBC or something else, but I do not want to hurt my credit score too much. Not that I care that much about my credit score, but if I ma being refused a credit card limit increase, what are my change to get credit someplace else? Isn’t a difficult situation to deal with?

But we experience this when we applied for a RSP loan: I got refused at Bank of Scotia (they apparently didn’t give a damn about my 100 000$ assets project) but got approved at TD Canada Trust. This meaning that if you are getting refuse at some place, doesn’t mean you will automatically get refused at another place. My best advice: go for it and let it go! That’s the advice I am following myself.

At this point, the situation is pathetic, but I don’t want to sell, it’s my own fault. Just because of a revenge plan I have in the back of my head, spinning lol. Being rich is not as easy as it look like.

I could make a happy living on 1 000$ per month living on dividend

Living on dividend is possible. 1 000$ is not that much of money needed. Only 12 000$ in dividend earning is needed. But before getting into it, I will need to clear off all debts, have extra cash available as an emergency funds (I was thinking of 20 000$) and, of course, reach 12 000$ in annual dividend income. I won’t be able to achieve this in the upcoming year, but what about 3 or 4 years from now? It could work out, but still a lot of work ahead.

Building financial wealth one investment at a time

Early this morning before going to wok, I had placed my order to purchase 200 units of Consumers’ Waterheater Income Fund (CWI.UN). I place the price limit at 5.30$. My order went through at the opening, which was 5.27$. Consumers’ Waterheater Income Fund (CWI.UN) close the day at 5.22$. I had Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio before, but in the TFSA. Now, I also hold Consumers’ Waterheater Income Fund (CWI.UN) in the non registered part of my portfolio.

Investing in the stock market is really addictive. I could have leaved the money on my credit line, it would had made more sense, but I just couldn’t. I invested in 200 units of Consumers’ Waterheater Income Fund (CWI.UN) because I wanted to do something out of this 1 000$. At the end, I currently have 265$ in emergency fund lol. I can say that right now, I am living paycheck to paycheck. It’s a personal choice. I really want to hit the 100 000.00$ in assets by 2010. It’s just something I had in mind for a couple of months now, even before my BMO Bank of Montreal adventure. Being laid off of BMO Bank of Montreal didn’t change anything. I still can invest and build a future financial wealth even after being laid off of BMO Bank of Montreal. And the future is here… or close by.

Ok, so currently, my non registered portfolio is at 48 675.30$. This being after, of course, my newest investment of 1 048$ in the Consumers’ Waterheater Income Fund (CWI.UN). Yeah!

48 675.30$ - 1 048$ = 47 627.30$

47 627.30$ is the value of my non registered portfolio where it was before adding on 200 units of CWI.UN. 47 627.30$ represent a lost of 537.47$ compare to April 5. Back than, I was at an outstanding, almost perfect 48 164.77$. Loosing 537.46$ is not a drastic lost. The value of my investments will go up again, its just a matter of time. I like it very much when everything goes up. But when it goes down, it goes down.

Oh, and I almost forgot: Welcome again, Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio!

Another investment, another step forward to My First 100 000.00$.

I had received Premium Brands Holdings Corporation (PBH) and Yellow Pages Income Fund (YLO.UN) dividend

Today, I had received 58.80$ from Premium Brands Holdings Corporation (PBH) and 28.88$ from Yellow Pages Income Fund (YLO.UN) in dividend income. I have received the money in cash in my broker account. Really soon, the cash will transform itself in stocks and units. I should receive 4 new Yellow Pages Income Fund and 4 new stocks of Premium Brands Holdings Corporation (PBH). I just love the DRIP system. We are talking here about just a few stocks and units, but that’s enough to make me happy.

And what about a new investment?

I didn’t apply online to a credit card increase at TD yet. I had been quite busy with my late blog domain address and other thing. I supposed to receive a return from the federal government. I should received around 130$ if I remember. I am in real need of a new pair of running shoes. Just when I promise myself that I will exercise more, my present shoes begin to hurt my feet… Always an excuse for sitting in front of my computer and just blog and write on HubPages!

The paycheck I received today bring my checking account to 1 265$. I make a deposit of 1 000$ on my TD credit line. With the money I have available on my credit line (1 092$), I am tempted to do another investment… I know, I should keep some money aside, but I just cannot help it, I really want to do something out of that money. 1 092$ is not that much of money. But there are still possibilities:

100 units of Claymore Gold Bullion ETF (CGL) at 10.49$ for a total of 1 049 $ + T D Waterhouse too high commission fee of 29$ = 1 078$

or

200 units of The Consumers’ Waterheater Income Fund (CWI.UN) at 5.27$ for a total of 1 054$ + once again, T D Waterhouse too high commission fee of 29$ = 1 083$

And not too forget, 200 new units of The Consumers’ Waterheater Income Fund (CWI.UN) in our investment portfolio will bring an extra: something call dividend!

0.65 cents per unit for 200 units of Consumers’ Waterheater Income Fund = 130$.

So guess what, we go for The Consumers’ Waterheater Income Fund (CWI.UN). Yeah!

And what about our dividend income? Wonder what it would look like now?

From our non registered investment portfolio:
Sprott Inc. (SII): 512 stocks x 0.16$ = 81.92$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 105 stocks x 1.12$ = 117.60$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 726 stocks x 1.44$ =
1 045.44 $
Yellow Pages Income Fund (YLO.UN): 433 units x 0.804$ = 348.13$
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): 306 units x 1.152$ = 352.51$
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$
+ our new comer in our non registered investment portfolio:
The Consumers’ Waterheater Income Fund (CWI.UN): 200 units x 0.65$ = 130$
TOTAL: 3 843.78$

From our Tax-free savings account (TFSA) portfolio:
Consumers’ Waterheater Income Fund (CWI.UN): 200 units x 0.65$ = 130$
TOTAL: 130$

From our RSP portfolio:
EnCana Corporation (ECA): 100 stocks x 0.80$ = 80$
Emera Incorporated (EMA): 200 stocks x 1.132$ = 226.40$
TOTAL: 306.40$

3 843.78$ + 130$ + 306.40$ = 4 280.18$ + 100$ from DRIP = 4 380.18$

4 380.18$ / 12 months = 365.02$

365.02$ x 10 months (April-December 2010) = 3 650.20$

87 796.12$ + 3 650.20$ = 91 446.32$ + 9 000$ (1 000$ in savings per month for the next 9 months, May-December 2010 period, as we already contributed our 1 000$ for April)
= 100 446.32$

$$$

The plan is going to work! Maybe, maybe not, but the possibility is there. Right there.

Domain address problem among other

In the past 2 days, I had a problem with my blog. I taught I was having one major problem when I saw a cover under my Web page. My blog was no longer showing up. Instead of the content of my blog was showing the picture of a girl, smiling, and in title: Welcome to myfirst50000.com… Nice, but that wasn’t my blog! What happen is that I just forget to renew my domain address purchase. Once I make the payment for my address domain, my blog was back and running. I stay up all night Monday to resolve the issue. I didn’t understand what was going on. I change my template; delete about 3 recent posts…. But the issue happens to be a domain address renewal problem. I delete some posts that I had some comments on… Thinking it could be the issue. I had one comment left by someone living in Singapore and working at achieving financial freedom just like me… That one had been deleted too. And I no longer have my browser history because I deleted it on a daily basis… Too bad because I wanted to comment on his blog and now I lost track of it…

Now that back on track and that my domain address is now fully paid off lol, I can say, the past couple days haven’t been too good for my portfolio. My non registered stocks and units investment portfolio is at 47 700.52$, down of 464.25$ compare to April 5. It goes up and down… Of course, I just hate it when it goes down. But what went wrong? Why that par of my investment portfolio decreased of 464.25$? A few things actually happen. First, Sprott Inc. (SII) is at less than 4$ per stock. Sprott Inc. (SII) close the day at 3.90$, a lost of 56.55$ compare to April 5. Also, Just Energy Income Fund (JE.UN), our super Energy close the day at 13.61$, a lost of 385.74$ (!!!) compare to what my same investment in Energy worth on April 5… Those were the 2 major problems in my portfolio. Loosing money is never fun but I am confident those investments will go up again. For Sprott Inc. (SII) in the last couple of days, I saw Sprott going at less than 4$, going up… and down… And now its still down. But it will go up again, just a matter of time. As for Just Energy Income Fund (JE.UN), with the spring season, not too much gas is needed. I think its the Spring effect. Just Energy Income Fund (JE.UN) will probably keep its dividend the same. While loosing money in the investment, I can still rely on the dividend income.

But we experiment good gain today in some investment, but it wasn’t enough to keep the non registered portfolio at its outstanding 48 164.77$. I say outstanding because it was quite something to see more than 48 000$ worth in my non registered portfolio. Anyhow, we will again – some day lol – have 48 164.77$ in our portfolio…

Good gain with Davis + Henderson Income Fund (DHF.UN) today who close at 18.23$, a gain of 54$ compare to April 5. Also great stuff going on with Bank of Nova Scotia (BNS) who close at 51.51$, which represent a gain of 117.60$ compare to April 5. The amazing Yellow Pages Income Fund (YLO.UN) close today at 6.41$, a gain of 64.95$ compare to April 5 always. The Enbridge Income Fund (ENF.UN) of Derek Foster close today at 13.35$. The gain? 97.92$! Another one from Derek Foster, Corby Distilleries Limited (CDL.A) close at 15.55$, a gain… of 10$ lol. Little gain being better than loosing money of course. At the end, everything kind of balance. That’s why its important to diversify a portfolio! Yes, money had been lost, but it will eventually recover, especially with Just Energy Income Fund (JE.UN).

I had been investing in stocks for 2 years now, but dealing with the ups and downs of the TSX still frightening. So what am I doing there? I am too use to it now, I couldn’t live without this kind of excitement, making money, loosing money, you know, that kind of thing. My latest investments were good one. I do not stress, I just want everything to be UP. And all the time whenever it’s possible. It’s not the case right now, we’ll see how it goes.