Would it be a hello 90 000$ anytime soon?

My vacations are really great. I had enjoyed my free time. I didn’t do that much, if not blogging a bit and writing a blog about Youn Sun Nah. Her birthday is on August 28. Mine is at a very close date, but it’s basically all we have in common lol :) Youn Sun Nah is a Korean jazz singer who performed at the International Jazz Festival of Montreal. Those pictures were taken after her performance. I try to load those 2 pictures on my HubPages article but the loading was terribly slow. So instead, I am publishing the pictures here so I can publish them on my HubPages through the Web. Isn’t she so nice, taking a pose for me? I think Youn Sun Nah is very gently actually. And her voice is terrific, amazing, grandiose. She knows Korean, French, English and Potuguese. Listen to Youn Sun Nah right here.

The wheater today in Montreal was quite grey as I finish my Saturday shift at my weekend job. I just don’t know if I should stay in blogging and doing whatever or go outside, walk and stuff. I am working also tomorrow but that’s all right, I really need the money, especially now. I had to pay over 500$ on my credit card by the end of July in order to avoid the interest rate. Currently, I am able to do the payment as I will take money from my credit line to pay over the credit card. But also, surprise, the lovely Quebec governement send me my driver renewal form… A nice 86$ that had to go, just right before my birthday… Right on time! Thank you thank you thank you Quebec lol……. Just that kind of thing that just ahhhhhh yehhhhhhhhh (!!!).

After my credit card and my driver renewal payment, I will have just a few dollars left so I really need my vacation paycheck if not I will have to borrow on my credit card to pay my rent. Lately, I had received the following dividend: 14.49$ from Pengrowth Energy Trust (PGF.UN); 29.95$ from Enbridge Income Fund (ENF.UN) and 24.17$ from Bell Aliant Regional Communications Income Fund (BA.UN). I had now exceed the 2 000$ in dividend arning for 2010! I am now at a great 2 006.44$ in dividend income that I earned so far for 2010. So the little sums of money keep adding up!

I update my investment portfolio just a couple of days ago. At a point, I taught I was going to hit the 90 000$ and I was getting all excited! I miss the 90 000$ from only a couple of hundreds of dollars. My latest investment in Corby Distilleries really worth it! Everything is just going very fine right now. My non registered stocks and units portfolio close latest Friday session at 49 643.27$! This mean that I may be at 90 000$ at this time, knowing the good result of Friday for the TSX. But to really know if I am 90 000$, I will need to update my portfolio. Once again! I have also tomorrow to update it. I am not too thrill about doing a portfolio update just now even if it’s to know if I am at 90 000$ or not. It’s just too much work and calculation for me at this time. I do the whole thing manually, it’s part of my calculation hobby. But at a point, I am getting enough of portfolio update. I just cannot imagine what it’s going to be like when I will be at more than 100 000$. Because of course, one day, I will be at 100 000$! But it will require even more time to update my portfolio… Sometime, I feel like I am managing a mini-hedge fund. I am king of getting good at it, don’t you think so? lol… Got to take a laugh sometime, it would be so easy to give up and so easy to stop saving money... It could be so easy to just cash in the dividend.. :)

My investment portfolio in date of July 22, 2010

Savings:
784.10$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 761.30$
Timminco (TIM): 102$
Blue Note Mining (BNT): 38$
Bank of Nova Scotia (BNS): 5 319.08$
Hanwei Energy Services (HE): 105$
Methanex Corporation (MX): 2 420.50$
Fortis (FTS): 3 045.38$
Pembina Pipeline Income Fund (PIF.UN):
7 822.18$
Just Energy Income Fund (JE.UN): 9 606.99$
Yellow Pages Income Fund (YLO.UN):
2 677.50$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 616$
Pengrowth Energy Trust (PGF.UN): 2 111.20$
Enbridge Income Fund (ENF.UN): 4 536.48$
Corby Distilleries Limited (CDL.A): 3 050$
Davis + Henderson Income Fund (DHF.UN):
1 764$
Premium Brands Holdings Corporation (PBH):
2 544$
Cash: 0.18$

TOTAL: 49 519.79$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 649.61$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 870.52$
Sprott Canadian Equity Fund:
4 950.32$
Dumont Nickel Inc. (DNI): 359.38$
Cash: 57.33$

TOTAL: 9 887.16$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 636.88$
EnCana Corporation (ECA): 3 287$
Emera Incorporated (EMA): 5 383.30$
Cash: 30.26$

CIBC Dividend Growth Fund: 495.71$
CIBC Emerging Markets Index Fund: 412.86$
CIBC Monthly Income Fund: 991.90$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 192.64$
GIC Plus: 500$

TD Canadian Bond: 114.90$
TD Monthly Income: 104.51$
TD Emerging Markets: 81.19$
TD Energy: 80.74$
TD Precious Metals: 105.91$
TD Latin American Growth: 94.23$
TD Entertainment and Communications: 105.19$
TD Dividend Growth: 194.52$
TD U.S. Mid-Cap Growth: 98.73$

Maritime Life International Equity Fund
(Templeton): 608.68$
Manulife Simplicity Growth Portfolio: 837.08$
Maritime Life CI Harbour Seg Fund: 975.52$
Maritime Life Fidelity True North Seg Fund: 937.61$
Maritime Life Trimark Europlus Seg Fund: 587.18$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 502.04$
RBC U.S. Mid-Cap Equity Fund C$: 1 715.05$
RBC Global Resources Fund: 816.75$
RBC O’Shaughnessy International Equity Fund:
573.99$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 022.91$

GIC Canadian Market: 1 000$

TOTAL: 29 246.42$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(82.89$):
89 560.36$

John E. Irving (1932-2010)

I just learned that John E. Irving is dead. John E. Irving, also known under Jack Irving was a rich entrepreneur from New Brunswick, where I come from. John Irving had many businesses in different fields, including in translation with a company call Lexi-tech International. John Irving had interest in oil, gaz, among other, also houses construction or something like it. Anyone coming from New Brunswick knows John Irving. In a difficult economy, most of John Irving companies based in New Brunswick are giving work to hundreds if not thousands of New Brunswickers. So that’s why that in New Brunswick, John Irving was huge. John Irving had taken control over companies left by his father. In a certain way, we could compare the Irving Empire to the Rogers one. When it comes to Rogers, I never understood why it’s not one of Mr. Rogers’s children who took control of his business. Maybe they didn’t fell qualified….. lol. I know it’s not funny in a certain way. Anyhow……… John E. Irving was not a saint; he had created great deal of pollution in New Brunswick with his businesses. So when it comes to John E. Irving, I think he’s better dead than alive. Maybe the next CEO of the Irving companies will be more eco-friendly and more concentrate on ethic rules and be more human. There was a lot of favoritism in the Irving Empire. Just to name an example that I personally, when it come to Lexi-tech International, the person in charge of the Brossard (Quebec) office branch, a Quebecker, had her daughter working in the same Brossard office for the human resources. Her daughter wasn’t extremely well qualified to do the job. The only reason why she was there it’s because her mom – the director had name in charge of the human resources for her office. In his example, it’s a Quebecker who took advantage of her position. Should we be surprise? Quebeckers are so a big bunch of morons. There was a lot of that bullshit in the Irving Empire.

Anyhow, I never really care about John E. Irving after knowing this and after I learned that the daughter of the director of the Brossard office was working for someone in the human resources of a New Brunswick office somewhere and not for the mother-director of the Brossard office… I was like what the heck. See the bullshit again? The director of the Brossard office was a little obese woman in her fifties, extremely incompetent and secretly arrogant. See the picture?

Generally speaking, Quebeckers are just a big bunch of idiots trying to make the most of any kind of situation. Stupid enough to become a country of their own when they are one of the provinces with most high taxes ever. And not to mention that Quebec province is rolling over massive debt. While Quebec hospital maintenance and operation are so poor, Jean Charest go away in France trying to recruit some nurses. But which France nurse would be stupid enough to come to Canada when Switzerland is so close and offer much better work conditions? Switzerland had one of the best health systems in the word. So it’s all about a question of priorities and Jean Charest is just trying to escape the reality. Who in the world want to work in Quebec hospitals? Who would come here to become, after a couple of weeks, drain to dead. The working conditions in Quebec hospitals are horrible. Quebec hospitals are made for Quebeckers, so only Quebeckers should be working in Quebec hospitals. You can see Quebec lack of leadership – not willing to take care of things in there center. Fix your administration and after go recruit oversea. Way to go Jean Charest! Good job! lol…

One I had a fellow reader who suggested me to invest in the purchase of a small condo. I know she was thinking for good, but gees, I don’t want to become a slave of Quebec system. I am building my portfolio to be able to do what I want, whenever I want. I don’t want to become a Quebecker. Quebeckers are dumb enough to purchase houses and or condos that in reality do not even worth of half of the price worth. Why? Poor public education system and no real access to health care services. Living in Quebec province gives you a taste of what it is to live in a third world country. But just a taste, of course. I never been able to benefit of any health care while being in Quebec, but I never suffer from hunger... Quebec is a province slowly dying on itself. I want Quebeckers to fail as individuals and I want Quebec to fail as a country. And check them out because they are both going to fail miserably.

That’s what I had to say today about John E. Irving and Quebeckers. Both alike, in a certain way, with many things in common. But of course its my own point of view.

Warnings about credit card balance transfer and garbages

From what I see at this time, my non registered portfolio is now at 49 087.63$, an increase of 195.63$ compare to yesterday! Those are good news! My vacations are going smoothly by. I actually clean my little one and half apartment today. I had many things in my freezer and fridge that were not good anymore so I finally throw them away. I got the good idea to put all of the garbage bags outside my apartment, right at my door, to later on deposit them on the garbage spot, but the concierge wasn’t too happy with my choice lol. Like I am never thinking... But you know, a one and half apartment is quite small when you have several garbage bags lol…….. It’s kind of hilarious in a way. Anyhow, I apologize, told her I didn’t taught. The concierge was actually doing a visit to rent one of the apartments. Other than my garbage, I am a good tenant, always or most of the times pay my rent at time, it’s just sometimes I don’t think lol. Now my apartment is super clean! I spend a good 4 hours cleaning my mess. I was in real need of it lol. After what, I went to do some groceries and took care of my credit card balance transfer. And this is where it’s getting interesting.

For the last couple of months, I had a balance of almost 8 000$ at 4.9% at TD Visa. I had the surprise to see another offer for 6 months at 4.9% at TD Visa on my July statement. So what I did this afternoon is that I call TD Visa to make sure that if I took the 8 000$ and take it someplace else to have it replace at TD Visa, would I benefit from the 4.9% for 6 months? The answer was yes. I really wanted to make this work out so that’s the reason why I call TD Visa.

But I was informed from a couple of things. First, I should be doing those types of transfer all the times because at a point, TD Visa will stop offering me the 4.9% credit card balance transfer. From what I understand, doing credit card balance transfer on a regular basis look suspicious. But it’s not if you pay your monthly bill. Like in this case, I always pay my minimum required. It’s not like I am using the credit card balance transfer in order to avoid paying on my credit card. In my case, it’s only for leverage purposes and also to benefit a 4.9% interest rate for another 6 months. This will drive us through the month of January 2011. Following my calculations and if we’re not going to be attacked by another stocks crash, the end of 2010 should be good for my first 100 000$. And it’s not like I am stealing from somebody or someone. I am just trying to have everything working out and thanks to TD Canada Trust, I am pretty sure my plan is going to work. So as for now, I am waiting for the money to arrive at RBC Visa, which should be in 3 days from now, to call TD Visa again and say: “A credit card balance transfer at 4.9% please!”. That’s how things work! I am just very grateful because if I would had to pay off 8 000$, this would make my goal of reaching 100 000$ by the end of 2010 impossible. Basically, my whole plan relies on just one little thing: credit card balance transfer. I know its silly, it doesn’t make any sense but still, you have to take a look with the eyes of your heart, if you have one, of course.

Second official day of my vacations

Yesterday, I call my little pager, but the message left was quite funny. My daytime job call me, like I was expecting, but they didn’t exactly leave a message. They might have hang up just after hearing the greeting message and there, I hear a: « But she’s on the schedule… ». Yeah, I know, I am on vacations, but I am on the schedule…. Isn’t weird! Anyhow, I didn’t call them back since it wasn’t a real why-are-you-not-at-work kind of call. Fun! Just the problem with the schedule at work is that everything is plan 2 weeks in advance and it happen quite often that people leave on vacations but are on the schedule. I guess they have too much things to take care and updating the schedule of everyone could take too much time. Ahhhhhhhh my lovely daytime job. I am just really hoping to get my vacations pay from them. I need to pay my rent. As you now know, I made an investment yesterday, 100 stocks in Corby Distilleries (CDL.A) – just like it was planned – so I currently have around 400$ in extra cash available. After July 21, the money will go on my RBC credit card, where I have this huge credit card balance of 530$ that needed to pay before July 30, if not watch out the interest! I also need money to cover the 130$ left. I really need to get that vacation paycheck if not; it’s going to be ugly.

For quite some time, I had doubted about this newest investment in Corby Distilleries because I had that lack of work at my weekend job, but now, everything is back, starting from next week so that’s pretty cool. Also, I got that girl from my daytime job who came to me, saying that she was going back to school – great for her – and needed to work part-time to get ready for school and so on. Starting August, I have to work full-time for her so she can work part-time. So this means that starting this upcoming August, bye bye my weekly 30 hours, I will be back working full-time. Working 30 hours per week at my daytime job + Saturday and Sunday full-time was just the dream. Working full-time at my daytime job will only bring around 200$-250$ more in my pockets per month. But it worth it – to help someone in need – and she’s a Quebecker by the way – and also for the money, even as little as 250$. See, I can be nice to Quebeckers sometime. It’s fun to work at my job at this time because we had those new rewards points. I didn’t order yet, I am just confused between the blenders and the earrings lol. Anyhow, we’ll see if I can earn more points by working more but I doubt. Maybe I will be job searching soon, I don’t know either.

I could be seen as being miserable, working at those salaries that only myself know, holding more than 37 000$ in debt. But I had been working at those 2 jobs for almost 3 years now. Next year, I will have 3 weeks of paid vacations at my daytime job. Also, here, you need to appreciate the stability of the situation instead of focusing on the super low salary, even if you don’t know the salary. I had been able to realize my investment projects because I had been working nonstop or almost at those 2 jobs. The investment of yesterday made in the Corby Distilleries is another proof of that. I also realize my chance to live in Montreal. Life is cheaper here comparing to cities like Toronto, Vancouver, among other. I could have a better job situation, its something I am looking forward but at this time, I don’t have anything in mind and I am satisfied the way things are for now, my little jobs, my little dividend earnings and my real huge debt.

He only other debt I need to think of right now is that 1 253.17$ at 3.9% at CIBC Visa. This one is ending in September 2010. I don’t know how I will be taking care of this one. I may apply to a credit line at RBC. Who’s going to help me with this one? We’ll see!

My stock investment portfolio in date of July 19, 2010

Savings:
784.10$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 771.60$
Timminco (TIM): 100$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 406$
Hanwei Energy Services (HE): 102$
Methanex Corporation (MX): 2 257.76$
Fortis (FTS): 2 995.56$
Pembina Pipeline Income Fund (PIF.UN):
7 784.29$
Just Energy Income Fund (JE.UN): 9 361.80$
Yellow Pages Income Fund (YLO.UN):
2 601$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 582$
Pengrowth Energy Trust (PGF.UN): 2 036.88$
Enbridge Income Fund (ENF.UN): 4 580.16$
Corby Distilleries Limited (CDL.A): 3 006$
Davis + Henderson Income Fund (DHF.UN):
1 707$
Premium Brands Holdings Corporation (PBH):
2 560$

TOTAL: 48 892.05$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 599.38$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 838.20$
Sprott Canadian Equity Fund:
4 875.90$
Dumont Nickel Inc. (DNI): 373.75$
Cash: 57.33$

TOTAL: 9 744.56$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 609.84$
EnCana Corporation (ECA): 3 375$
Emera Incorporated (EMA): 5 310.58$
Cash: 30.26$

CIBC Dividend Growth Fund: 491.76$
CIBC Emerging Markets Index Fund: 406.30$
CIBC Monthly Income Fund: 987.31$

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 Plus: 500$

TD Canadian Bond: 115.07$
TD Monthly Income: 104.25$
TD Emerging Markets: 80.44$
TD Energy: 79.44$
TD Precious Metals: 103.72$
TD Latin American Growth: 91.17$
TD Entertainment and Communications: 103.76$
TD Dividend Growth: 194.20$
TD U.S. Mid-Cap Growth: 97.50$

Maritime Life International Equity Fund
(Templeton): 606.46$
Manulife Simplicity Growth Portfolio: 830.66$
Maritime Life CI Harbour Seg Fund: 962.28$
Maritime Life Fidelity True North Seg Fund: 927.93$
Maritime Life Trimark Europlus Seg Fund: 592.72$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 498.81$
RBC U.S. Mid-Cap Equity Fund C$: 1 689.07$
RBC Global Resources Fund: 783.01$
RBC O’Shaughnessy International Equity Fund:
570.54$
RBC O’Shaughnessy All-Canadian Equity
Fund: 999.55$

GIC Canadian Market: 1 000$

TOTAL: 29 113.56$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(82.41$):
88 656.68$

Dividend Income latest update: July 19, 2010

Due to my newest investment in Corby Distilleries Limited (CDL.A) and recent DRIP, my dividend income had recently increased. Here’s the latest update.

Non registered stocks and units investment portfolio:
Sprott Inc. (SII): 515 x 0.10 cents + 0.04$ special dividend =
72.10$
Bank of Nova Scotia (BNS): 106 x 1.96$ = 207.76$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 106 x 1.12$ = 118.72$
Pembina Pipeline Income Fund (PIF.UN): 421 x 1.56$ = 656.76$
Just Energy Income Fund (JE.UN): 743 x 1.24$ + special dividend of 0.20$ = 1 069.92$
Yellow Pages Income Fund (YLO.UN): 450 x 0.80$ = 360$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.90$ = 290$
Pengrowth Energy Trust (PGF.UN): 207 x 0.93$ = 192.51$
Enbridge Income Fund (ENF.UN): 312 x 1.15$ = 358.80$
Corby Distilleries Limited (CDL.A): 200 x 0.56$ = 112$
Davis + Henderson Income Fund (DHF.UN): 100 x 1.84 = 184$
Premium Brands Holdings Corporation (PBH): 200 x 1.18$ =
236$
TOTAL: 3 922.43$

Tax-free savings account (TFSA):
The Consumers’ Waterheater Income Fund (CWI.UN):
404 x 0.76$ = 307.04$

RSP investment portfolio:
EnCana Corporation (ECA): 100 x 1$ = 100$
Emera Incorporated (EMA): 202 x 1.11$ = 224.22$
TOTAL: 324.22$

OVERALL TOTAL: 4 553.69$

Welcome again Corby Distilleries, 100 new stocks of CDL.A in my online future trading brokerage

I went to Just for Laugh Festival yesterday and when I came back home, I was totally exhausted, my place was still a mess, some laundry was still waiting after me to me done and so on…….. lol. I wake up late again. I just hear my pager ringing. I think it’s my daytime job calling me. I was on schedule even if my vacations got approved and even after I complete a form to have my vacation paycheck. Which seem to be strange, but I got a colleague who went exactly to the same thing. What he did? He just didn’t answer the call as his vacations got approved. Anyhow, I am a complete mess right now and need to take a shower; I am not ready to go to work at all. Good news: I just made another investment, 100 stocks of Corby Distilleries (CDL.A) at 15.14$ per stock. Good bargain knowing the stock price of CDL.A is usually of 15.30$. My non registered portfolio is now at 48 703.42$. I will update my portfolio value if not tonight in the upcoming days. Got to shower and dress to call back my job, if it’s them, I wouldn’t like to ignore them and loose my job. Because no job = no investment…

July Vacations among the way

Few good things going on right now! I had been quite busy, but just at doing regular stuff. I am on vacations from my daytime job for the next 2 weeks. And do you know which famous personality is on vacations just right now too? Derek Foster! I guess Derek Foster is still cross-crossing the Canada from the West to the East coast or something likes it. Derek Foster might have the time of his life with his family right now! Other news from the famous, the Montreal writer Natalie McLennan is hosting an event in Toronto. Check it out right here.

I didn’t take a vacation for a very long time so this is going to be fun. I didn’t plan anything, if not a visit to the Botanic Garden and the Biodome among other. I will be staying in Montreal the whole time. Work is starting again next week at my weekend job. So I will be working during the weekends of my vacations but that’s all good. I could refused to come in, but I prefer to take whatever is presenting to me at this time and cash my vacations paycheck of my weekend job in a time where there will be a real lack of work… See what I mean? lol…

Basically, this mean I will have work for the upcoming weekends at my weekend job, as well as for the month of August. This week, I had deposit 2 000$ on my line of credit. A 50$ went as payment on the 4.9% credit card balance transfer…

And now, what about brand new 100 stocks of Corby Distilleries (CDL.A) in my investment portfolio?

I really like Just Energy Income Fund (JE.UN). I talk numerous time about reaching 1 000 units of Just Energy. At this point, I own more than 700 units of the marvelous. Just Energy Income Fund pay the awesome annual dividend of 1.24$ per unit. To this, add the special dividend of 0.20 cents per unit. Doesn’t sound much? Well, this represent 1.44$ per unit! So now you know why I am a Just Energy Income Fund fan! I can love Just Energy as much as I want, doesn’t change the fact that I need to diversify my portfolio. A while ago, I already planned to invest in another 100 stocks of Corby Distilleries (CDL.A) and now, it’s seem like the timing is right. Why do I plan to invest in 100 stocks of Corby Distilleries? Well, I already own 100 stocks of Corby Distilleries. I had been experimenting Corby Distilleries great value stability. I had purchased Corby Distilleries at 15.30$ per stock if I remember a couple of months ago. The value of Corby Distilleries never went above the 15$ per stock. So far, Corby Distilleries had brought great stability for my investment portfolio. Also, with my 100k goal, my portfolio is greatly in need of stability. I am still thinking about it at this time, but I might place my purchase order for 100 stocks of Corby Distilleries on Monday… I could had used the money for a vacation trip instead but I prefer to make another investment rather than going on a gateway. Fact is, things are going well, it’s not time to give up on things I like the most: my investments, of course.

Very beautiful day in Montreal. I wake up late this morning but I want to wake up early in the upcoming days. I should have planned myself better for my vacations period on things to do and stuff, but I didn’t. I didn’t see my vacations period coming. It took me by surprise. Time is passing by and next month at the end of August, I will be turning 30. I am getting older, even if 30 still young, but it doesn’t really change anything. I would like a 90 000$ for August. Next pay, I should get my 2 weeks vacations pay and this week pay, I hope. I should also get a little extra for my annual raise. It won’t be too much, but all combine together, I should be able to pay off my expenses for the month of August. August, last summer month, my birthday... Will August be the month of my first 90 000$? I wish it will. Could seem crazy, this all investment game, but I really want that 100 000$ in assets! YEAHHHHH

This would leave around 400$ in cash on my line credit or something like it and I have 530$ I have to pay by June 30 on my RBC credit card… Yes…… 530$ in basic expenses. I had spent way too much, but it’s the summer after all. And the month of July is not even over yet!

Reward program at work

At work, we have a reward program and this month, I got full of points because of my sales. I had targeted a few things I could buy. So I have to choose between the following: a blender, rice cooker and 3 movie tickets OR those Swarovski earrings and necklace. I just love the 0 design in the jewelry. I saw before the earrings at the Bay and always like them. So guess I am taking the jewelry! Combine together and after taxes, the gift worth around 230$. So I will be working wearing beautiful jewelries that worth more than what I earn in a single day of work! But they might look good for a job interview. When it comes to Swarovski, I always think of Natalie McLennan. In her book, she described a scene where we find multiple Swarovski chandeliers… Her book is very good for what she’d been thought.

Big time for my dividend!

I had received some dividend payments lately. I had received 29.68$ in dividend from Yellow Pages Income Fund (YLO.UN), 58.80$ from Premium Brands Holdings Corporation (PBH) and 54.47$ from Pembina Pipeline Income Fund (PIF.UN). YLO.UN and PIF.UN dividend had DRIP, but not PBH. As advertised on their Web site, Premium Brands Holdings Corporation (PBH) has suspended the DRIP for an indefinite period. It’s the reason why I currently have 77$ in cash in my broker account.

Other than cleaning my place and do my laundry, I plan to work on articles for HubPages. I am very close to my online money maker payout and a 100$ would be more than welcome!

EnCana Corporation (ECA) dividend for July 2010

Things are working out quite well these days for the Dividend Girl! Ok, so for the credit card balance transfer it’s going to work out! Strangely, the only way to get a 6 months extension on my TD Visa card for the low interest rate of 4.9% is to perform a credit card balance transfer. So I don’t have any choices, I have to transfer the current balance I have on my TD Visa over RBC Visa and than, once the transfer will be completed, call TD and do the magical credit card balance transfer and than I will be all set for the next 6 months. The only problem is that I have to make sure I make my TD credit card payment on time each month. If not, it will cancel the rate of 4.9%. One miss payment and bye-bye low interest rate. So this is what’s going to happen in the next couple of days. My RBC Visa is not working anymore because of a magnetic problem I was told so I am currently waiting for the new credit card to be delivered. So I don’t know if I can, in the meantime, still proceed with a credit card balance transfer. I be able to do so I guess only if the card and expiration date remain the same – but I my RBC credit card was going to expired soon…. Anyhow, I might give RBC a call asking for the info but I am not sure if an agent could answer this question, in the sense that they are not the one who deals with card numbers directly but it might worth a try. I will proceed with the credit card balance transfer as soon as possible. That way, I won’t have to face to any credit-card-low-interest-rate until January 2011. The timing will be perfect because at that time, I will probably and finally have my 100 000$ assets goal reach. It’s not as complicated as it’s seem.

My non registered portfolio is at 47 377$. I had received the dividend for EnCana Corporation (ECA), 20.58$. I had been thinking, and despite my willingness to save money as emergency fund, I am really tempted to make my investment in Corby Distilleries (CDL.A) like it was planned before. With my upcoming paycheck of this Wednesday, I will have more than enough to invest in 100 stocks of Corby Distilleries (CDL.A). This won’t bring too much as dividend, only 56$ actually… OR…….. I could invest in 100 new units of JE.UN……. And bring an extra 144$ in dividend money in the house. This is kind of funny knowing how many times I said I was building an emergency fund. But guess what, if it had to happen I get laid off – again – unemployment benefit will become my emergency fund. Good or bad to thing that way? I don’t know. But I am sooooooo close to the 90 000$ now and I am soooooo happy about it! And I had been thinking over and over again to hit the 1 000 in Just Energy Income Fund (JE.UN) units (I am currently at 743 right now!). It’s all confused in my head right now. My 100 000$ assets goal is over-exciting me lol. So should I invest or not? This is exactly where things are getting complicated. But in a certain way, I need to keep money aside, so I might keep the money as payment on my credit line. I didn’t make any payment on my TD credit line yet because I remember about this paycheck coming on this Wednesday at midnight. I will be able to make a 2 000$ in payment on my credit line. Of course, the 2000$ might not stay there forever. But instead of having money sleeping in my bank account, I prefer to have the money apply on my credit line. It will help me to reduce the interest gains on a monthly basis. That’s basically it for now.

Update on debt, dividend income and super asset goal

This is my first Sunday spend without working… more than 6 months. My weekend job had been quite good for me and yesterday, for some other people, it was their last day of work until mid-August. So I am not the only one being left behind a lack of work. I wake up late, the sleep was awesome since the heat of the last couple of days make it hard to sleep well. So far, I spend most of the day reading on HubPages and looking at some hilarious Web site. Be ready for a great laugh because those Web sites are pretty funny: Beach Creeps and People of WalMart.

Other than laughing at funny pics on the Internet, I took a look at my financial situation. On Monday, I will be paying all of my bills and it will make 271$ in payment. Which is not that much. After what, I will have left a bit more than 1 000$. I will put 1 000$ as payment on my credit line, the one at 8.25%.

Non registered stocks and units investment portfolio:
Sprott Inc. (SII): 515 x 0.10 cents + 0.04$ special dividend =

72.10$
Bank of Nova Scotia (BNS): 106 x 1.96$ = 207.76$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 106 x 1.12$ = 118.72$
Pembina Pipeline Income Fund (PIF.UN): 419 x 1.56$ = 653.64$
Just Energy Income Fund (JE.UN): 743 x 1.24$ + special dividend of 0.20$ = 1 069.92$
Yellow Pages Income Fund (YLO.UN): 445 x 0.80$ = 356$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.90$ = 290$
Pengrowth Energy Trust (PGF.UN): 207 x 0.93$ = 192.51$
Enbridge Income Fund (ENF.UN): 312 x 1.15$ = 358.80$
Corby Distilleries Limited (CDL.A): 100 x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 x 1.84 = 184$
Premium Brands Holdings Corporation (PBH): 200 x 1.18$ =

236$
TOTAL: 3 859.31$

Tax-free savings account (TFSA):
The Consumers’ Waterheater Income Fund (CWI.UN):

404 x 0.76$ = 307.04$

RSP investment portfolio:
EnCana Corporation (ECA): 100 x 1$ = 100$
Emera Incorporated (EMA): 202 x 1.11$ = 224.22$
TOTAL: 324.22$

OVERALL TOTAL: 4 490.57$

I am now at 4 490.57$ in annual dividend income or 374.21$ in monthly dividend income. To this, we can add a 100$ extra for the DRIP… which could bring everything at 4 590.57$. Those are great news! Also, I was thinking about selling my Sprott Canadian Equity Fund to purchase more units of Just Energy Income Fund (JE.UN). This could increase my dividend income to close to 5 000$ or so……. Very tempting actually, BUT……. I have to remember the diversification rule. Thinking about dividend income only can be a trap. It’s not a bad thing to have money invested in mutual funds for small investors, it’ something that actually can help to diversify a portfolio. But I have to say, I also taught about selling my Sprott Canadian Equity Fund for some EnCana Corporation (ECA) stocks…… But I am not too sure about what I am going to do. I am still thinking about it.

For last post, I update my debt situation. Currently, I am at 37 240.49$ in red debt. But counting my payment of tomorrow, I will be at 35 969.49$. Which is reasonable for now I find. It’s still a lot in debt, but whenever my 100 000$ assets goal will be reach, I plan to work at paying off debt. Having 35 969.49$ in debt is not that of a big deal. Want to know why?

Ok, so I am now at a 4 490.75$ annual dividend income. Let’s remove the dividend coming from the RSP, as I cannot touch it until “real” retirement:

4 490.75$ - 324.22$ = 4 166.35$

This is an amount that I can cash in if I want.

Knowing my situation, let’s say I put 1 000$ as monthly payment on my debt. That will make 12 000$ per year. To this reasonable amount, I can applied 4 166.35$. That make a total of 16 166.35$

35 969.49$ / 16 166.35$ = 2.3

Basically, I can pay off that 35 969.49$ debt value in 2 years and 3 months. That’s the reason why I am not in a hurry to pay off my debt. That’s why I feel comfortable dealing with those debt while working at reaching my 100 000$ assets goal.

That’s how it’s going to work.

I am just facing a minor problem, 2 of my credit card balance transfers are soon going to expired. Once in September and the other in October. They are:

7 982.59$ at 4.9% ending on October 2010
1 253.17$ at 3.9% ending on September 2010

The once ending on September do not bother me at all. It’s just a tiny little 1 253.17$ after all. But a 7 982.59$ is more massive. I had been thinking on what to do. My solution was to apply to a credit line at RBC. But…….. guess what, I am kind of lucky because just by looking at my TD credit card statement, I had been target for a credit card balance transfer at the same 4.9% valid for 6 months! YEAH! So this what’s going to happen:

I am going to transfer the current 7 982.59$ from TD to RBC Visa and from there, I am going to transfer the same amount from RBC Visa to TD Visa! And there you go! The only thing is that I don’t know when the offer gets expired, but I guess it will be valid for a little while. If not I will just call TD Visa and ask. If it’s a limited time offer I will do the transfer now and if it’s valid until October, I will proceed with the super crazy transfer lol only in September……

It’s looking good for my 100 000$ assets goal and I have a feeling it’s all going to work!