My investment portfolio in date of May 12, 2010

Savings:
844.64$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 2 155.52$
Timminco (TIM): 134$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 575.60$
Hanwei Energy Services (HE): 132$
Methanex Corporation (MX): 2 392.69$
Fortis (FTS): 2 887.50$
Pembina Pipeline Income Fund (PIF.UN):
7 646.08$
Just Energy Income Fund (JE.UN): 9 539.55$
Yellow Pages Income Fund (YLO.UN):
2 897.31$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 607$
Pengrowth Energy Trust (PGF.UN): 1 128.90$
Enbridge Income Fund (ENF.UN): 4 271.96$
Corby Distilleries Limited (CDL.A): 1 540$
Davis + Henderson Income Fund (DHF.UN):
1 759$
Premium Brands Holdings Corporation (PBH):
2 670$
Cash: 9.88$

TOTAL: 47 386.99$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 773.47$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 072$
Sprott Canadian Equity Fund:
5 503.35$
Dumont Nickel Inc. (DNI): 460$
Cash: 32.49$

TOTAL: 10 841.31$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 242$
EnCana Corporation (ECA): 3 317$
Emera Incorporated (EMA): 4 932$
Cash: 259.21$

CIBC Dividend Growth Fund: 508.35$
CIBC Emerging Markets Index Fund: 400.31$
CIBC Monthly Income Fund: 1 020.15$

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: 113.28$
TD Monthly Income: 106.12$
TD Emerging Markets: 78.70$
TD Energy: 82.09$
TD Precious Metals: 117.52$
TD Latin American Growth: 90.86$
TD Entertainment and Communications: 105.39$
TD Dividend Growth: 202.55$
TD U.S. Mid-Cap Growth: 103.96$

Maritime Life International Equity Fund
(Templeton): 606.34$
Manulife Simplicity Growth Portfolio: 856.15$
Maritime Life CI Harbour Seg Fund: 1 016.35$
Maritime Life Fidelity True North Seg Fund: 982.60$
Maritime Life Trimark Europlus Seg Fund: 568.63$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 519.63$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.12$
RBC Global Resources Fund: 896.94$
RBC O’Shaughnessy International Equity Fund:
566.88$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 037.23$

GIC Canadian Market: 1 000$

TOTAL: 29 565.26$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(31.31$):
88 709.51$

Sunshine, shopping and Bell Aliant dividend

I had received today the dividend for Bell Aliant. I had received 24.17$, like every month. So far for the month of May, I had received 327.35$ in dividend, and the month is not even over yet! I am still missing Davis + Henderson Income Fund (DHF.UN) dividend. After what, I believe I will be done with May dividend. So it will bring the overall to close to 340$ for the month of May. Nice! Of course, all of those marvelous dividend DRIP, which mean I won’t touch directly a third of what I had earned… It could be easy to cash in the dividend and spend the money, but the DRIP does worth it and at this time, I am lucky to earn enough money to cover my needs and even more. But I have to say, for the month of June, I am running short in cash. I need my paycheck of next week to cover for the month of June. Which I dislike. The key of my money management is to save and be able to be the upcoming month with the money earn during the current month… Anyhow, I do not have any problem when it come to managing my money, just I am no working full-time at my day-time job, but maybe I should. Anyhow, this is giving me a lot of freedom to do just whatever I want and that whatever mean mostly, these days, sleeping late in the morning. Working, investing, following the market, it can easily kill a girl. It didn’t kill me, but I have to say, lately I had been catching on sleeping. And trust me, I sleep a lot. But strangely, the more I sleep, the more I want to stay in bed and it’s part of the reason why I haven’t launch my Web site project, it’s part of the reason why I didn’t write any new HubPages for quite sometime now. But I plan to catch on because I am need of more cash; you are going to find out why…

The no shopping week had turned into a shopping week as I purchased sandal as I couldn’t stand wearing big running shoes anymore with the hot weather. I put my sandals of last summer right to the garbage after getting my feet hurt out of them. Last year I had purchased some very cheap sandals, I had purchased 2 pairs directly from Zellers lol. Nice ways to save money, but the 2 pair of sandals were comfortable only for one summer. I shop around a bit, finally purchased a real good pair and after wearing them; I started feeling better right away. I am now at more than 40$ in Google AdSense money, I am looking forward to work on my HubPages and than I may be able to reach the 100$ by July, if I am lucky. Working long hours online for so little money could be seem vain, but it can turn out o be very fun, especially when its money being earned during spare time. And not only did I purchase a new pair of sandal, but I also purchase 3 long skirts absolutely beautiful for the summer. So summer is going to be hot! lol…

Other than sandals and Google AdSense., the TSX gain extraordinary points today and I am glade it did. My overall portfolio might not worth 88 000$ and up like it did previously beginning of May, but I am getting this tough market time quite easily and I just cannot wait to hit the 100 000$ in assets, even the 90 000$, it’s going to be quite something, just spectacular. A 90 000$ for my 30th birthday in August would be very fun. Champaign and caviar please! lol...... :0)

Checking out the margin investing at TD Waterhouse

I begin my check about margin and it’s not by tomorrow that I am going to write a « Margin Investing for Dummies » kind of post lol. Not that margin is terribly difficult to understand. But I find margin investing quite horrible and disghting. And myself, after reading a bit and asking some questions to TD Waterhouse, I am insecure about margin and I personally do not recommend margin to anyone. Why? Because everyday, you have the responsibility to check your account to make sure you are not under a Margin Call. And if you are under a Margin Call, you have to refund whatever need to be refund on the same day. Because the day following the Margin Call, the credit department had the right to sell your stocks and units! How horrible that sound? The explanations giving at TD Waterhouse were clear on that point and I begin to think that margin is just a very horrible horrible thing. I don’t want to have to worry about the market condition at all. I don’t want any such of whatever responsibilities.

There’s no easy way, but borrowing money to invest through margin is not a good option, especially in those difficult times. The stock market is unpredictable, very difficult to time the market these days. My very last investment was 100 units of Pengrowth Energy Trust (PGF.UN) at around 10.50$ per unit. At the time, I taught it was a good deal. But on date of today, Pengrowth Energy Trust (PGF.UN) is at… 9.47$! I do no regret my investment, but today price for PGF.UN is of course a lot cheaper that what its use to be.

Myself, I do not plan to use the margin money to invest, but more to pay credit lines I have. That way is not easy either and to tell the true, margin is disturbing me to a point where I might not be able to set it up to my account. I am still thinking at this down, but I am really not getting a good feeling about margin so I might not set it up. I didn’t move yet. Right now, I work at my jobs, I try to follow the market and combating the heat! I am a Western girl, whenever the weather is too hot I just cannot stand it. I would prefer much winter to the weather we have right now in Montreal but this is of course my own preference. The fact that I have to walk 2 hours everyday do not help and you can imagine, as soon as I hit home, I hit... my bath. I am trying to keep my expenses under control. Also for this week, I am looking forward not to spend any money, as I have everything needed.

So for now, it will be a no margin and no expenses week while trying to beat the heat… ;)

Thanks God, the TSX had gain 115.40 points today

At a point, I really begin to think that God himself want me to reach 100 000$ in assets before the end of 2010… The TSX close today at 11 521.35 points, a nice gain of 521 points. My non registered portfolio partly recovers. I am currently at 45 775.96$, but I am still experiencing 1 611.03$ in losses compare to May 12. I am confident I will recover form the money loss in the upcoming weeks.

And about my DRIP

I had received 56.50$ from Emera (EMA). Emera dividend provides me 2 extra stocks. I also received 29.57$ in dividend from Enbridge Income Fund (ENF.UN), which bring in 2 extra units. So everything is rolling over and everything is just fine the way it is. I am at the 1 300$ in dividend earning so far for 2010!

Working online for Google and me

I am now at a bit more than 30$ in Google AdSense income. I would like to reach one again the payout of 100$. So I am looking to spend some time working on articles for HubPages. I have developed more than 100 article ideas so now had came the time to hit another 100$ Google payout. And if you think it’s easy to work online, well it’s truly not.

Happy birthday Brian Mulroney

Today is Brian Mulroney birthday. Last one before being put in prison.

I had been quite busy lately. I have to say, I took lot of free time when I wasn’t working at one of my 2 jobs. So when I am not working, I walk, walk, walk. I no longer have a metro/bus pass. Sometimes after work, I just walk around downtown before hitting back home. The walk from downtown Montreal to my place is about 1 hour. Those days, I had been walking more than 2 hours per day. It’s better this way because it allow be to not spend to much time in front of my computer watching my units and stocks going down, down, and down again. The European crisis may be a lot heavier than what I taught. Actually, when the crisis is there just in front of me, I never know what to think about it. The European crisis didn’t affect my portfolio as badly as the crisis of 2008. My portfolio had loss a lot in value and I decide not to update it for now. Not that I don’t want to exposes publicly my losses, but I feel kind of sad because I was way on track to reach the 90 000$ in assets for the month June or July. But it’s looking like nothing of this will happen. Well not the way it is known. It’s fun to invest, to earn dividend, but the stock market is sooo volatile, it’s crazy. The volatility of the market never scare me, but the ups and downs of the market are just destroying my 100 000$ assets goal. Anyhow, good news is, the companies I invested in are still going to pay dividends, European crisis or not. Well at least for now. Because of course the situation could change. I didn’t open my margin account yet because of the recent TSX point’s loss. It would be so fun i it something that could be done through the phone, but TD Waterhouse told me its something that needed to be done at a TD Canada Trust branch. And no credit evaluation needed, from what I was told. And no minimum payment required each month. Margin is still new to me, so I want to read more about it and I may call TD Waterhouse to ask any questions I may have about it. But for now, I don’t feel like getting into margin at all. So nothing had moved regarding my project that was to pay off 2 credit lines by using the money of my margin account. This project is pending for now.

My budget for June…

With the paycheck I received today plus the paycheck I will be receiving next week, I will have just enough money to pay off everything. I will just miss some money to pay my credit expenses, the one I use to pay for groceries and all other living expenses. So I will need part of my earnings of the first week of June to actually pay my expenses, but that’s ok. My next investment will be probably in July. July is a good month as I will be receiving 5 paychecks, as there are 5 weeks for the month of July.

Four Pillars Blog change its name for Money Smarts Blog

Back on May 16, a very well-known money blog had changed name from Four Pillars to Money Smarts. Four Pillars was such more a powerful title, powerful in the sense it was more original. The current blog title do not mean anything. It’s just too common. Just like if I will name my blog something like: Making money online or some boring stuff like it with no essence. Ok, myfirst50000.com may not be seen as very impressive but I have a very fun time with it and hey, it’s my blog after all. And the ex-Four Pillars now Money Smarts Blog logo just look… cheap. Ok, I may appear pretty mean here, but it’s not my blog who drive thousands of visitors per month lol. The Money Smarts Blog logo is a look-alike Walmart logo: cheap look. Anyhow, on his road to success, Four Pillars had lost his soul by wanted to be too much commercial. But guess what? I am not a fan of commercial stuff. I want the do-it-by-your-own stuff, not some stuff being written by some literate financial dude. And I pretty sure that people out there want to read about a girl being laid off from BMO Bank of Montreal rather than reading the too smooth stories of a young fortunate, well-educated young man right? lol The author of the Money Smarts Blog remains the same as for the Four Pillars, but now, it’s not the same good old stuff. It’s now a Money Smarts: boring ideas for your money.

Brian Mulroney or liar liar: the scandalous affair of a Quebecker, ex Prime Minister of Canada

Need another example of why Quebec needs to be kick out of Canada ASASP? Politicians like Brian Mulroney, corruption affairs coming directly straight from Quebec province are costing honorable Canadians like myself millions of dollars each year. Yep, Brian Mulroney is a Quebecker born in Baie-Comeau in 1939. Brian Mulroney will be celebrating his birthday on this upcoming May 20. If I count right, Brian Mulroney will be celebrating his 71 birthday.

It’s been reported that related to the Schreiber affairs, Brian Mulroney had been reimbursed close to $2 million in legal costs. And where the money had been taking from? From my taxes, from everybody else taxes! Scandalous! Poor living are living in the streets, some families are having problem to make ends reach and the poor man is getting his lawyers cost being refunded by money that could had help people in need. But guess the poor old man that is Brian Mulroney does not care about that! Brian Mulroney does not care at all about the welfare of real Canadians. The only thing Brian Mulroney had ever cared about is himself.

Watch out: it’s not the first time that legal costs are being refunded to Brian Mulroney. I don’t remember anything about it as I was too young at the time to understand what was going on, but back in 1997, Brian Mulroney had appeared in court for what had been known the Airbus affair. Back than, the Royal Canadian Mounted Police (RCMP) was investigating allegations where it’s been told that Brian Mulroney had been accepting bribes in the retribution of contracts, Airbus contracts in this case. Later on, the case was closed but had resurfaced again in 2000 with the explosion of the Schreiber affair.

Can you imagine: in total, its not close to $2 million that Brian Mulroney had cost to Canadians, but we are taking of an amount of close to $4 million! $2.1 million reimbursement for legal cost regarding the Airbus affair and 1.8$ million reimbursement for legal cost regarding the Schreiber affair.

Brian Mulroney had cost to Canada more than $4 million in legal cost. And where the money had been taking from? Not from Brian Mulroney pockets of course, but from ours, from our taxes. You’re getting a taste here of what Quebeckers are as people and as Canadians: blood suckers. I experiment it myself, me Neo Brunswicker, I had experiment it with my laid off of BMO Bank of Montreal and it many more occasions. If you want a friendly advice, if you are a new immigrant, student, job seeker: to not come to Quebec province. Quebeckers will only make you loose your time and money. And Quebec shit needs to remain in Quebec, and in Quebec only. I had written previously about my experience at the Montreal call center of BMO Bank of Montreal. You can do a search in the search engine located in the right column if you want a taste of the shit... As for the other stories, I will write about them later on. But as for now, let’s talk about Brian Mulroney. Soon 71 years old, but not that much of a man.

When it comes to Brian Mulroney, historians are used to talk about 2 affairs: the Airbus affair and the Schreiber affair. But when reading about it, the 2 affairs are so closely related to each other that we could talked about 1 big scandalous affair. Not to say that Brian Mulroney is a scandalous man. Period.

So basily, we could say that the Schreiber affair begins as early as 1997, at the time the Airbus affair had been publicly exposed. So its all begin as early as 1995 when there have been suspicions about the affair. But the case itself begin in 1988 and involved Brian Mulroney, Air Canada and Airbus. The Airbus deal generated billion of dollars to Brian Mulroney elite close friends. Brian Mulroney himself had touched 300 000$ directly from the Airbus deal. The deal was the selling of 34 Airbus A-320 jets to Air Canada. Behind the deal was the man who later on denounced it all: Karlheinz Schreiber. Karlheinz Schreiber had paid Brian Mulroney a commission of 300 000$ for the deal to be book between Airbus and Air Canada. Karlheinz Schreiber had talked about a commission of $300 000 and Brian Mulroney of $225 000. Who do you believe between the two?

In 1997, the case resurfaces, but the investigations had been close too quickly by the Royal Canadian Mounted Police (RCMP). The case resurfaces shortly in the years 2000. With the testimony of Karlheinz Schreiber, the case finally had been reopened. This episode is known as being the Schreiber affair. Karlheinz Schreiber, a German business man is the one who made the investigation possible. Without him, no one would had never known what kind of man is Brian Mulroney, a dishonorable cheater. The investigation had been taking place in May 2009 under the name of Oliphant inquiry. The Oliphant inquiry is an independent review of the allegations between Karlheinz Schreiber and the Ex-Right Honourable Brian Mulroney. David Johnston is the Independent Adviser of Prime Minister Stephen Harper. The review is being done independently, even if the adviser reported himself to Stephen Harper. More than just lawyers’ fee, this commission itself is costing thousands of dollars, if not million to Canadians. And who pay for it? Certainly not Brian Mulroney, but us, people of the country, the real Canadians! The Oliphant inquiry had been going on since 2007. Which mean that since 2007, honorable Canadians had been paying for a commission needed because the dishonorable Brian Mulroney had been hiding the facts and the true for more than 20 years!

During the Oliphant inquiry, Brian Mulroney publicly declared that he had accepted $225 000 from Karlheinz Schreiber. In this affair, Brian Mulroney had said that he didn’t break no laws or ethical guidelines. For the Quebecker that is Brian Mulroney, it was ok to advantage of his position as chief of the Canadian military. The affair concerns the possession of Airbus Jets to Air Canada and also the purchase of vehicles for peacekeeping work. So now you understand why we are here talking about billion of dollars being involved in the Airbus-Schreiber affair. The affair is still going on, the Oliphant final report is expected to be released at the end of May. Time for Canadians to recover from financial loss that the affair had bring, but also time to recover in dignity and hope that Brian Mulroney will finish his days in jail for the financial crime that he is not intelligent enough to recognize. This Quebecker had been Canada Prime Minister for 9 years: between September 17, 1984 to June 25, 1993! Unbelievable!

Yellow Pages Income Fund dividend for the month of May are in the house

I just received 29.14$ this evening from Yellow Pages Income Fund (YLO.UN). On Monday, the dividend should DRIP and provide me at least 4 new units! Thanks Yellow Pages Income Fund (YLO.UN). The dividend just keep adding up!

The Creststreet Alternative Energy Fund: 5 months after the departure of mutual fund manager Steve Martin

Back on February 2, 2010, Shirley Won from the Globe and Mail had announced that Steve Martin, one of the managers of the Creststreet Alternative Energy Fund, was leaving Creststreet Asset Management Ltd. At the time, when I learned that Steve Martin was leaving the Creststreet Alternative Energy Fund behind, I decided to do the same thing. And it appears it was the correct thing to do.

Back than, I was holding 29.229 units of Creststreet Alternative Energy Fund – Class A. I was able to sell the fund, making a profit of 100$ after commission. Originally, it’s 1 000$ that I had invested in the Creststreet Alternative Energy Fund. On date of today, the Creststreet Alternative Energy Fund had lost in value. You could blame the TSX points loss of Friday, but I had been checking on Creststreet Alternative Energy Fund quite often since Steve Martin departure and ever since, the Creststreet Alternative Energy Fund had loss in value. Not that much, but still. The fund may not be able to reach 142% annual gain ever again without Steve Martin.

Just verify the graphic from February 2010 to today for yourself… All the way down. In January, when Steve Martin was still a manager of the Creststreet Alternative Energy Fund, the fund had reached its highest point, reaching a value of more than 43$ per unit. Can you simply imagine what could had happened if Steve Martin would had remained at Creststreet? The units could have reached the value of 45$ by now, making me even richer… Interesting isn’t? Steve Martin was that of a good mutual fund manager. Wonder what he does now.

Getting rich and richer: stories about investment, laid off, and poor BMO Bank of Montreal banking system

This last Friday, I close the day with a non registered portfolio at 48 077.23$. This includes, of course, my new investment of today, 100 units of PGF.UN. The TSX loss a bit more than 100 points, so I won’t update my portfolio, it requires too much work for little results. A quick look at my investments let me think that the overall is quite stable. I was quite happy to make another investment this Friday. I really taught I would not be able to invest in anything for the month of May, but it appears that I was wrong. I hope to invest again in June and if possible, that time it will be 100 stocks of CDL.A and luckily, by that time, my investment portfolio will worth more than 90 000$. Until I reach the magic 100 000$, I will be working mostly exclusively at investment. I had wrote different things about what I will be doing with my money for the next couple of months, thinking about paying debt, margin, etc…. But once again I have chance my mind and I decide to exclusively invest until I reach my assets goal. Having more than 37 000$ in debts do not bother be at all actually. My debt never really bothers me too much actually.

As you can imagine, I am currently out of cash, I am waiting for my next 2 paychecks in order to be able to pay for my June expenses and even there, I may not have enough o cover all of June expenses. So some earnings of June will be use to pay the month of June itself… I am the one who decide to invest in 100 units of PGF.UN so I have to live with my decision, not that I regret it. It’s just I am imposing myself a very restricted budget. But I haven’t been saving as much money as I could lately, I did not control my expenses too much. For now am in good position anyhow. I just cannot wait to reach the 90 000$ in assets! Might be by the end of the summer if everything goes well.

Other project on the way for the Dividend Girl:

-Start a margin on my broker account to pay off 10 000$ in credit lines debt
I currently have a debt of 5 000$ at 8% at TD Canada Trust on a credit line. I also have a 5 000$ at 3.5% at BMO Bank of Montreal. I want to pay off my credit line at BMO Bank of Montreal for the simple and good reason that I got laid off from BMO Bank of Montreal and do no longer wants to give any of my business to BMO Bank of Montreal.. At the time they decide to layoff me from the Montreal call centre, shortly after giving a 5 000$ credit line and a 4 000$ value credit card, no one at BMO Bank of Montreal knew about my investments. By spilling on me, BMO Bank of Montreal has to say good bye to a future 100 000$ + dividend + interest rates and everything else.

Anyhow, just to come back on the center of my topic, 8% is kind of a huge interest rate for a credit line. I once call TD Canada Trust on how I could get a better interest rate. According to the representative I talked to before, I need to present myself at a TD branch with a copy of my credit score. Not enough for TD to have in their hands half of my fortune, TD is as bad as I am, they want always MORE. I know I should, but I don’t want to get a look at my credit score for now, but I want to be able to get a better interest rate. The margin at T D Waterhouse is at a real fantastic 3.5%. I post a couple of times about margin on my blog. At first, it came as a good solution. But after, I got scared of it and than after, I decide well, just to go ahead with it. Not only that I want to ruin BMO Bank of Montreal business, but I also want to get out of their silly banking system. Want to know what I am taking about? Last month, I came across this situation I pay my BMO Bank of Montreal on the first of the month or close by. But the payment had not be consider for the month of April, but as for the month of March because I had paid before my billing cycle date, which is the 5th of each month. So in result, I had been considered as being one month late in my payment and in result, I had to pay an extra 100$ on my minimum monthly payment. I never went to go through this again. I never had experiment such things at TD and with all the other institutions I had deal with. Do you really want to know why I am having this kind of problem with BMO Bank of Montreal only? Because BMO Bank of Montreal whole banking system suck. That’s why. I want to make sure I won’t get any problem anymore. I don’t want BMO Bank of Montreal to make money on the interest of the credit line anymore. I prefer to give ALL of my business to TD Canada Trust who had been there for me since 2005. I just need to get my margin approve at T D Waterhouse and, in the case I am being refused, I will close everything. Scary isn’t?

Welcome again Pengrowth Energy Trust (PGF.UN), 100 new units of PGF.UN in my investment portfolio!

I just purchase 100 units of Pengrowth Energy Trust (PGF.UN) at 10.50$! Nice deal. Going to be fun to update my portfolio again tonight. I want a terrific day for the TSX.

I also received my dividend for Pembina Pipeline Income Fund (PIF.UN). I had received 54.08$ from PIF.UN.

Got to go on the run for work now.