Putting some money aside just in case

So far, I had been free as a bird, investing, borrowing to invest, and doing whatever I wanted with my money. But its looking like things are… changing and suddenly, putting cash aside on an emergency fund seem a lot less boring now. My weekend job will continue for the month of June. As for the month of the July, it’s not that sure. Right there, it’s making 650$ less in my pockets. Currently, I have somewhere around 850$ in cash. And for the first time since a very long time, the cash might remain in my account. Actually, the cash won’t exactly remain in the banking account, it will go as payment on my TD credit line (remember, the one at 8%....... that now turn to be at 8.25%!!!!).

I went to pay my BMO Bank of Montreal credit line and as usual, I wasn’t well-served. I want to the branch located on St-Catherine, right downtown, near the Eaton Centre. I really hate that branch because before seeing a cashier, you have to print a stupid little piece of paper on where you find a number and customers are being served following the number they get. I don’t even understand why a branch will get that stupid system, just felt like I was going to renew my driver license. But that wasn’t the purpose of my visit. Anyhow, I went to that branch because on my way. Why did I hate the service? Well you know, those Quebeckers, always wanted to show you they know everything. I simply ask the cashier what was the minimum I needed to pay on my credit line. And there she began to talk. And you know, those Quebeckers, I hate them even more when they actually talk to me directly, thinking maybe I am one of them. So the cashier continue her talk unfortunately, and begin to show me the screen of her computer, saying the number printed on the receipt is not the number that appear on the actual credit line card… Like what the hell! Don’t you think I didn’t notice that before? I mean, BMO Bank of Montreal banking services are so disgusting: made by Quebeckers FOR Quebeckers ONLY lol!

I have to say, I am pretty happy with TD Canada Trust, a « real » Canadian bank and the best Canadian bank in Canada. Even with a so-so job situation, even after I had being laid off from my BMO Bank of Montreal job, TD Canada Trust had giving me a credit line of 10 000$ from my RSP loan. I will be forever grateful to people of TD for giving me that 10 000$ loan. Why? Because I have a chance to hit the magic 100 000$ in assets by the end of 2010. The chance is slim, but there’s still a possibility and it’s actually the only reason why I wanted to get a RSP credit line on the first place. The person who took my loan request at TD was an Arabic man. I love Arabic, I love black guys, Chinese, Asians…….. But don’t ask me to do business with a real Quebecker white born in Quebec, because nothing works between me and Quebeckers. I just can’t explain it. It’s just there.

One of my readers from BC sends me some pretty hilarious emails sometimes and here’s one of them. I guess he won’t mind. It’s call « The Parking ticket », involving a senior citizens couple:

The other day my wife and I went into town and went into a shop. We were only in there for about 5 minutes. When we came out, there was a cop writing out a parking ticket. We went up to him and said, 'Come on man, how about giving a senior citizen a break?'

He ignored us and continued writing the ticket. I called him a Nazi turd. He glared at me and started writing another ticket for having worn tires. So my wife called him a shit-head. He finished the second ticket and put it on the windshield with the first. Then he started writing a third ticket. This went on for about 20 minutes. The more we abused him, the more tickets he wrote.

Personally, we didn't care. We came into town by bus and the car had a Quebec sticker. We try to have a little fun each day now that we're retired. It's important at our age

What do you think? Pretty funny isn’t?

I got fired from BMO Bank of Montreal less than 3 months after being hired from them. I actually got fired after getting a 5 000$ credit line and 4 000$ credit card. Not only did I get treated unfairly; put so did a friend who got fired at the time of the integration session. BMO Bank of Montreal is one of the worst financial institutions we have in Canada. But great news, its not even a Canadian institution, it’s a « Quebec » institution. So nothing to worry too much about. BMO Bank of Montreal won’t go very far. Trust me. A couple of months ago:

BMO Bank of Montreal got its credit ranking decrease,

BMO Nesbitt Burns employees suit a complaint about their employer, BMO Bank of Montreal who didn’t pay them overtime,

BMO Bank of Montreal got involved in a huggggge mortgage fraud – very good for them – and even more recently,

BMO InvestorLine informatics system got a couple of glitch, costing thousands of dollars to investors who had made the wrong choice, choosing BMO InvestorLine as broker. After all this, come and tell me all this is not in result of my January 2010 laid off from BMO Bank of Montreal? That’s what happen when some of the other, the Quebeckers decide to laid off the result (me of course) of centuries of blood stoppers. That one was pretty ugly isn’t?

But you have to get a straight picture of what’s really going on with BMO Bank of Montreal: Nothing similar is going on with other Canadian banks like TD Canada Trust, RBC, CIBC and so on…. You know the real good ones. Anyhow, look like BMO Bank of Montreal is finally getting the kind of shit it’s deserve. I am just writing about blood stoppers for the fun of it, those things are common in rural New Brunswick. You have to believe in God to believe in blood stoppers and you have to believe in blood stoppers these days if you want to do well on the stock market!

Why am I saying this?

Well, my latest investment, 138 units of Claymore Gold Bullion ETF (CGL) at 10.86$ per unit. This investment was made on June 4th. Today, Claymore Gold Bullion ETF (CGL) had closed at… 11.18$! This represent a profit of 44.16$ within a couple of days! The rest of the portfolio is following the market condition. I am looking forward for gains, TSX point gains. Right now, the stock market is the place to be for small and very small investors like myself! Enough for tonight.

Sprott Inc. (SII) dividend are in the house for June

So far, its been a quiet weekend. I finish my day at work and went shopping for a few things I needed. After, I decided it was time to clean my place… lol. I am feeling much better time just like everytime I clean. It could be easier to clean every week, but I have better things to do! Anyhow, I just have laundry left. So I am working as always this weekend at my weekend job. Its great to have this job because it bring me extra cash. I just worried a bit because there could be no work in a little while so I wonder how it will turn out. I am not into job searching as I am just alright the way I am, but what if there’s no more work at my weekend job? Than, it’s going to be the end of the world. My day time job is stable and my weekend job a bit less, as they work on contracts. I don’t have the best job situation in the world, but I am making enough money to invest from time to time and I enjoy my free evenings. But I think about job searching all the time but I am so busy that I am not willing to get invole in a job search. I didn’t purchase my metro pass for the month of June and it’s easier than I taught it will be. And surprise, I just received today Sprott Inc. (SII) dividend, 12.50$! At least, good news :) Th dividend should DRIP, giving me 4 stocks or around. Yeahhh!

Welcome again Claymore Gold Bullion ETF (CGL) in my online future trading brokerage!

I just invested in 138 new units of Claymore Gold Bullion ETF (CGL) at 10.85$ for my RSP online future trading brokerage! Welcome again Claymore Gold Bullion ETF (CGL)!

Great gains today for my investment portfolio!

My non registered portfolio jump from 46 549.09$ (yesterday value) to a nice 46 900$! Just missing 100$ to reach the 47 000$! I hope the market will finish the week on a positive note. And if so, I will update my investment portfolio. These days, whenever the market is up, I post an update of my portfolio, latest version had been made just a couple of days ago but I cannot help it, whenever the market goes up, I am getting all excited and I have to say, update my portfolio when experimenting some gains can be quite rewarding.

Just Energy Income Fund (JE.UN) & Fortis (FTS) dividend!

I had received Just Energy Income Fund (JE.UN) money dividend (75.53$) and also Fortis (FTS) dividend (29.40$). I earned 6 new units of Just Energy Income Fund and one brand new stock from Fortis. The DRIP really worth it and I really appreciate my new units and stock. Its help creating extra value to my portfolio and since I do not need the cash for now… let’s DRIP!

My job situation is not one of the most comfortable as I lost my sales commissions (around 300$) over something I didn’t do correctly and I have to say, I begin to have enough and I would like to be free as a bird and leave Quebec province behind. FOREVER lol. I just cannot take any more shit from Quebeckers. Yes, stuff could happen to me outside Quebec, but at least, I will certainly feel better being somewhere part of the Constitution and knowing I am dealing somewhere, someplace with real Canadians, with a real sense of a country and values, you know what I mean? Anyhow, my life won’t be forever a land of frustrations, I promised.

RSP money from GIC

As I getting so RICH on dividend (the month of June had just begin that I already received more than 100$ in dividend money) I had received my money from my GIC. I currently hold 1 535.97$ in cash in my RSP broker account! The money had arrived today! Now the question being: in what am I going to invest in? Sooooo many choices! But I decide to invest more in gold by buying more units of Claymore Gold Bullion ETF (CGL). RSP is a perfect place to invest in gold since it’s for a long term investment. And it’s exactly how I view gold investment: buy and hold forever or until needed… Until now, my investment in the Claymore Gold Bullion ETF (CGL) had provided stability to my portfolio and I had been well-served with it. The Claymore Gold Bullion ETF (CGL) had closed today at 10.91$, so I am looking to place an order for 130 units. After what I will have left just a little in cash. That’s the plan. Claymore Gold Bullion ETF (CGL) IS THE investment that will make me rich! And talking about being rich lol, EnCana Corporation (ECA) is way too hot right now! EnCana is almost at 35$ per stock! Just very awesome! It’s all about buying quality like you know who!

And who’s the who?

It’s Derek Foster! I guess Derek Foster is taking care of business before hitting the road with his bunch of little kids and splendid Amazon wife lol! I am saying this because Derek Foster had announced a cross-country trip with his family this summer! That’s nice, but because of Derek Foster, I am in BIG TROUBLE!! Derek Foster has sold out his units of The Consumers’ Waterheater Income Fund without telling anyone!!! What a nightmare! Ok, this is just a joke right. But fact is, Derek Foster had sold his The Consumers’ Waterheater Income Fund! Does it mean we should all sell our The Consumers’ Waterheater Income Fund units? I don’t think so. Derek Foster is dealing with much more huge sum of money that most people do and that allow him to do strategic moves and so on. I had been following The Consumers’ Waterheater Income Fund (CWI.UN) and everything is fine with the company. Derek Foster may have sold his units, but I won’t sell mines. Why? Because the dividend is fun, I had received last time just a bit more than 20$ in dividend from The Consumers’ Waterheater Income Fund (CWI.UN) and that’s what I am personally looking for: dividend! For small investors like myself, if Derek Foster would write an investor letter and not a news letter, it would be very difficult to follow. Why? Well Derek Foster seems to be healthier financially than ever. Derek Foster decided to stick to EXTREMELY HIGH quality stocks. But high quality stocks = a lot of $$$, and not necessary a lot of dividend money payout. And guess what, this week, I had received 650$ in paycheck. Not a penny more lol. So can you please tell me how in the world am I going to be able to follow Derek Foster every investment moves? That might actually never going to happen. With my retirement plan at 1 000$ per month in dividend, trust me, life is going to be frugal lol. But that’s because it’s exactly what I want. So for now, I am holding on The Consumers’ Waterheater Income Fund (CWI.UN) and enjoying the rewarding dividend.

Anyhow, it’s always fun to hear about Derek Foster and if you don’t have a clue who in the world is Derek Foster, you can click here.

Tomorrow is Friday and I just can’t wait.

June 2, 2010: Getting good result from recent TSX gains

No one can tell what tomorrow will be made off but today, the stock market had gain interesting points! My portfolio slowly recover from its loss and I have too say, I am very happy about it! My non registered stocks and units portfolio is currently at 46 549.09$. It’s seem like my overall portfolio is in better shape, just like myself….

For a second month in a row, I am going without a metro pass and when its raining outside, I tell myself: I am not made of chocolate! Short post but I am exhausted. I am waiting for my 1 200$ and something RSP transfer. I am hoping for a gold investment in Claymore rather than Just Energy Income Fund (JE.UN). Going to talk later on my new gold investment when the money will be there for real in the RSP account. Just can't wait! The money had disappeared from my RSP banking account, so I guess its a good sign, the money is going to be in my broker account real soon. So just good news for now.

Brian Mulroney is a pig

Brian Mulroney is such a pig, such a very nice example of who Quebeckers are truly are: PIGS. Brian Mulroney arrogance on Monday appearance in Toronto among Nobel Peace Prize winner Elie Wiesel is just a sign of his intelligence. A Nobel Peace Prize sitting next to the biggest Quebec ****** of all. I wrote about Mulroney before, and I guess the writing will never stop. If Brian Mulroney had been able to accept cash while being PM, showing up publicly even after.... I mean, we know about the Airbus, we know about the Schreiber affair. There’s been 2 publicly knows, 2 publicly recognize stories, but if there’s been 2, there could be more. And I believe that Brian Mulroney is hiding a lot more than what we publicly know. Are Canadians are completely dumb or what? The money cash from Brian Mulroney had probably served to pay for the education of his children: Caroline Mulroney, Ben Mulroney, Mark Mulroney and Nicolas Mulroney. All Mulroney’s, all children from the evil, educated on dirty money. Currently, Schreiber is in prison, in his native Germany. And what about Brian Mulroney? He’s showing publicly is ugly person. I want the poor man in prison, where he belongs. And what had been Brian Mulroney sentence anyway? The Oliphant public inquiry hasn’t done its job. It hadn’t to come to a define conclusion and sentence. And this allows any Canadian Prime Minister to act like a criminal, accepting money, selling Canadians dignity, without any consequences.

Dividend earnings for May 2010: 364.28$

The month of May had passed by too quickly. The terrible heat we had in Montreal a couple of days ago seem to be gone, at least for now. I am feeling much better than I used to be a couple of days ago.

My first month within my metro pass went well overall. On Saturday, I had received 15.33$ in dividend from Davis + Henderson Income Fund (DHF.UN) and 21.60$ from The Consumers Waterheater Income Fund (CWI.UN). My Consumers Waterheater Income Fund (CWI.UN) dividend should DRIP later on this week to provide me more units. I am looking forward to received somewhere around 3 new units of The Consumers Waterheater Income Fund (CWI.UN). So this close my dividend income for the month of May 2010 to 364.28$!

Currently, I am lucky enough to make new investment on a regular basis. This allows me to see my dividend income grow from month to month. Very soon, I will be earning dividend on a quarterly basis instead of a daily basis, but that won’t change too much things. At that time, I will probably earn a bit less in dividend earning from certain companies. I had received my voting package from Bell Aliant. For now, Bell Aliant is still a .UN investment like I love to name them. Bell Aliant had planned to change into a corporation beginning of 2011. Starting January 2011, Bell Aliant dividend will fall from the current fantastic 2.417$ to 1.90$. This represents, of course, a dividend cut. But at 1.90$ dividend per stock, Bell Aliant dividend will still be impressive. The dividend cut simply represent Bell Aliant tentative to smoothly move into a corporation. Not too many .UN investments will be able to maintain their current dividend once they change themselves into a corporation. BUT….. There’re some exceptions. And I hold them in my investment portfolio!

From my understanding, Just Energy Income Fund (JE.UN) will keep the same dividend distribution once turn into a corporation and same thing (positively sure) with Pembina Pipeline Income Fund (PIF.UN). Those 2 are companies in the energy sector – it took solid business to be able to keep the same distribution level. Those are just examples being took from my investment portfolio. Some other of my .UN investment will shortly cut their distribution. They are: Yellow Pages Income Fund (YLO.UN) and Davis + Henderson Income Fund (DHF.UN). The dividend of these 2 companies will be cut when they will transform into a corporation, just like Bell Aliant.

Other than my very nice May dividend earnings, I am very pleased to announce…

I just received the money from my TD Financial GIC investment that had came to mature date. I had received 1 266.86$ in cash. I had made a profit of 266.86$ on 5 years GIC… Not too bad. It’s represent a gain of 26.64% for 5 years, or if you prefer 5.3284% per year for 5 years. This morning, I had visited a TD Waterhouse office to have the money to get transferred into my RSP broker account, where I currently hold 269.11$ in cash. At a total of 1 535.97$, I will be able to make a nice little investment. I am not quite sure what I am going to invest in. I was thinking about maybe 100 units of Just Energy Income Fund (JE.UN) because I want to hit the 1 000 units of JE.UN inside my portfolio.

Anyhow, June is happily coming over, with a new RSP investment. And surprise, I am able to pay off everything needed with what I currently hold as cash (and from I have leftovers on credit line…). I know doing this is bad, but I debit what I had left from my credit lines to pay off my expenses of this month. I usually never do this. But I did it for this month because I planning for my next investment (non registered one). The debit off my credit lines only represent 320$ anyway. For the month of June, I want to save as much possible for my next investment, which is suppose to be 100 extra stocks of Corby Distilleries Ltd. (CDL.A). At more than 15$ per stock, 100 units represent at least 1 600$ in total, quite some money knowing my situation. My feeling is good despite my situation; I am pretty sure I am going to be able to make it happen.

Latest update of my investment portfolio

I just update my investment portfolio. With the recent TSX gains, I really wanted to have a clear look at what everything is looking now. And it’s looking good! I am now at 87 042.86$, a loss of 1 666.65$ compare to May 12. The loss is not major, I am sure I will be able to recover very soon.

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… ;)