I am now thirty, show me the cash

I knew I was gaining some points on August 27, but I never taught I was going to exceed the 90 000. On date of August 27, 2010 (which was my birthday) I reached 91 007.42$ in assets. At this point, the overall is getting even more interesting. Better than ever actually! And this had happened on the day of my 30 birthday. My new credit line at an interest rate of 7.27% is now from my RBC banking account and I am looking forward to make a couple of transactions, I hope for tomorrow morning:

-pay off my CIBC Visa (the credit card balance on my 1 200$ balance is expiring on September 6);
-My credit card balance transfer of 8 000$ at an interest rate of 4.9% at TD is only expiring in January 2010. In the meantime, I can use the money to pay off my TD credit card. The interest rate on my TD credit line is at 8.25%. I will save a 0.98% in interest rate. Nothing much but sill, a penny saves is a penny save.

After those 2 transaction, I will have left 3 800$ available. I was thinking about investing in 100 stocks of EnCana Corporation (ECA). At this time, EnCana Corporation is at a super low price (around 29$). Usually, ECA is at 35$. EnCana represents a great opportunity and I think I may be able to make a nice profit out of this one. Later on this month, I am hoping for an investment of 100 units in Davis + Henderson Income Fund (DHF.UN).

My projects are going on quit great. Still overtime available at work and I am hoping for another close to 1 000$ paycheck for next week. Just a bit tired for now because a lot had happened at the same time and I am just happy that I had been able to update my portfolio (I knew I was up!) and also clean my place, which really need it. I am just missing my laundry but its already pass midnight and I have to wake up early tomorrow (or I will try to…). It’s always hard for me to wake up early on a Monday morning as I am working all weekend long, but still those annoying things to do like cleaning and stuff. As I am getting older, I prefer my place to be clean. Might be a sign of what so ever maturity. And I also now prefer to wear clean clothes everyday... ;)

Good night, my bed is waiting for me.

My stock investment portfolio in date of August 27, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 982.75$
Timminco (TIM): 81$
Blue Note Mining (BNT): 36$
Bank of Nova Scotia (BNS): 5 567.21$
Hanwei Energy Services (HE): 121.50$
Methanex Corporation (MX): 2 239.22$
Fortis (FTS): 3 085.66$
Pembina Pipeline Income Fund (PIF.UN):
8 142.75$
Just Energy Income Fund (JE.UN): 10 247.60$
Yellow Pages Income Fund (YLO.UN):
2 347.80$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 521$
Pengrowth Energy Trust (PGF.UN): 2 121.35$
Enbridge Income Fund (ENF.UN): 4 521.96$
Corby Distilleries Limited (CDL.A): 3 048$
Davis + Henderson Income Fund (DHF.UN):
1 831$
Premium Brands Holdings Corporation (PBH):
2 682$
Cash: 0.14$

TOTAL: 50 576.94$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 634.22$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 921.68$
Sprott Canadian Equity Fund:
5 313.48$
Dumont Nickel Inc. (DNI): 359.38$
Cash: 60.78$

TOTAL: 10 289.54$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 775.46$
EnCana Corporation (ECA): 2 931$
Emera Incorporated (EMA): 5 336.64$
Cash: 38.08$

CIBC Dividend Growth Fund: 500.43$
CIBC Emerging Markets Index Fund: 420.55$
CIBC Monthly Income Fund: 995.71$

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: 117.81$
TD Monthly Income: 103.84$
TD Emerging Markets: 82.23$
TD Energy: 77.54$
TD Precious Metals: 117.96$
TD Latin American Growth: 93.10$
TD Entertainment and Communications: 103.46$
TD Dividend Growth: 188.66$
TD U.S. Mid-Cap Growth: 95.85$

Maritime Life International Equity Fund
(Templeton): 605.44$
Manulife Simplicity Growth Portfolio: 836.46$
Maritime Life CI Harbour Seg Fund: 963.01$
Maritime Life Fidelity True North Seg Fund: 950.63$
Maritime Life Trimark Europlus Seg Fund: 577.17$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 504.82$
RBC U.S. Mid-Cap Equity Fund C$: 1 684$
RBC Global Resources Fund: 831.70$
RBC O’Shaughnessy International Equity Fund:
574.99$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 027.35$

GIC Canadian Market: 1 000$

TOTAL: 28 985.67$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(115.27$):
91 007.42$

I am now 30 years old!

Yeahhhhh happy birthday to meeeeeeee! I am now 30 years old and feeling great! I am witting this post in a hurry because I had to write down something on my birthday! It's been a busy week. I did a few extra hours at my daytime work. I am also working at my weekend job. I am going to a friend concert this Saturday. I am just sooooo tired and I am just feeling like staying home... I had that new credit line at 10 000$ at less than 8% interest rate. This is saving my life. My credit card balance driving were giving me a headache but now, my life is save. Who had save my life? RBC did.

This been that I could use that 10 000$ to make a new investment and than voilà, my 100 000$ would be reached... But I prefer to "play" safe lol.... Which mean that I am going to wait to make new investment. I am not looking to increase my level of debt. My new 10 000$ credit line is not money to invest, its life saver money.

It's seem like the TSX did quite well today so I will be updating my portfolio this weekend. So many things on the way. I just can't believe another month had pass and that I am now 30.... and rich :)

Brad Pitt was in Montreal today and I got my credit line!

I hear it on the radio. Brad Pitt had been seen on St Catherine today. Isn’t that hot? But I have even better news: I got approve for my credit line! Yeah! I finally apply for some credit this past Monday and I had been approved for a 10 000$ line of credit at 7.25% on today.

The interest rate is relatively ok. I guess my credit score is medium because I hold many debts and my salary is not quite extremely good, and on top of that, I don’t own my place. So all those things mix all together, it’s making it difficult to get a lower interest rate. At first, I got rejected and I argue, and I finally got it! So this is very good because this way, I am going to be able to pay off the balance on my CIBC credit card. The balance was at a special interest rate due to a credit card balance transfer. The special interest rate at 3.9% is expiring on September 6. This is a balance of something like 1 200$. Not that much, but I certainly do not have the money to pay off the balance at this time. Also in January, I have an 8 000$ at a special interest of something like 4.9% that will expire (also a result of a credit card balance transfer). I was in great need of a solution, so better now than ever.

So now, it’s going to be much better because I know I won’t have to sell my investment to pay off my debt. It’s all going very well and the last thing on earth I wanted is to actually sell my investment. It’s something I wanted to avoid. Between now and January, I can use my new credit line to pay off my other credit line, the one being at 8.25% interest rate. That’s a 5 000$ right there. And on September 5th, I will be paying my CIBC Visa. Before requesting my credit line, I call CIBC Visa to see if it was possible to get another credit card balance transfer, but I was told to wait until September 1, to see if a new offer will show up… But the way it was going, I knew nothing was going to happen. I guess that with CIBC Visa, it was a one time deal.

I have to get my paper ready for tomorrow and I guess it will be it! I should get it right away. I am just very happy. This Friday is my birthday and it will be a very happy one. It’s almost too much stuff for me at this time with my overtime and everything else but you know, you’re an investor or your not one, one or the either. lol…

My last week as a 29 years old

Just 2 other investments and I am done with the stock market.

This week pass by quite nicely. Too bad it had to rain this weekend. I took a nice rest even if I was working. I got plenty of time to think about my investment and stuff and I came with a little plan for the upcoming months. So far so good, I had been able to follow what had been planned and I hope this time won’t be an exception. First, my credit line request… I had been talking about it for about 2 weeks now, but I didn’t take time to actually call and make my request. So I am at the same point regarding my new credit request. That’s the really first thing I need to take care of tomorrow. I would like to get a good 10 000$ credit line at least. Ok, so my CIBC credit card I have to pay soon is at something like 1 200$ only. But I am thinking for January… In January the special offer I have on my TD credit card for 8 000$ will expired and it’s going to be the same thing over and over again. Problem after problem after problem. Investing using money available on credit card balance is nice for the time it last, but on a long term basis, it’s annoying. But using credit card balance transfer to invest in Just Energy Income Fund (JE.UN) was one of the brightest ideas I ever come with. It’s going on pretty well and the last thing on earth I want to do is to sell my units. More credit is not the solution of course but you know, poor people have debt and I am quite poor actually. The 90 000$ and something is just an illusion of richness. But I love the illusion anyway.

Sometimes, an individual had to take responsibility for itself despite the risk, despite the recession and despite everything you could imagine. Despite my sometimes distrustful colleagues, despite a bad job situation, despite my relatively poverty. I am the perfect example that things are possible despite everything you can imagine. All of this is happening to show that the stock market, in reality, it’s belong to small investors, it’s belong to New Brunswickers and everyone else with a soul and mind working well together. I just want to add that this week, I have overtime, so I will try to do the maximum hours I can. It went well last week, it should also go fine this week. Oh and also that later on this week it’s going to be my birthday…. lol. :0)

I will be able to make my next investment beginning of September. As plan, it’s going to be 100 units of DHF.UN. After what, I plan to make another investment in BA.UN, 100 units of BA.UN, in order to benefit from the DRIP. Those might be my 2 last investments. Not that I don’t plan to invest anymore. Problem being that even at this time, my portfolio feel complete. I do not feel the necessity to invest in stocks anymore. Don’t ask me why, it’s just the need is not there anymore, not as much as it was before. So this will close my stock investment – not forever, but just for a little while. While waiting for my stock fever to come back, I will be investing in ETFs. Did you know, some ETF pays a monthly distribution and other pay an annual one? It’s the case of Claymore Gold Bullion who had pay, at least for last year, an annual distribution. ETFs distribution can be as interesting as the one offer by stocks. Here’s where Questrade is coming into action: I plan to open a Questrade online broker account to invest is non registered ETFs. Even while having around 70 000$ at TD Waterhouse, I still have to pay 29$ per trade. It doesn’t have to be that way. That’s why I am willing to open an account at Questrade. At 9.99$ or so per trade, I am going to have a lot of fun with ETFs – it’s coming to be a bit in here, and there, and here again, and there again…. Just the way I like to do things. The US economy is not that great. Canadian one is relatively stable but I have to say I worry and at this point as I said, my portfolio is complete and I don’t have anything left in mind in the sense that I don’t want anymore. I couldn’t be more clear about it: I am feeling complete, despite I am not at 100 000$ in assets yet and despite the fact that I don’t have enough to live on dividend. I cannot explain it, but I guess 90 400$ and something is already a great deal of money for me. I guess my feeling is coming from there. From the fact that I am basically at where I want to be at this time. So it’s not bad as feeling isn’t? Better than my hate for Quebeckers, that’s for sure. Taught that people from New Brunswick were poor and bad at investing? Guess you got it all wrong… So stay tune because things are getting wilder as I am getting close to 30th and close to my 100 000$ assets. That’s pretty much about it for not if not that I am also planning to job search in September, trying to bring more cash in the house to fly to my first 150 000$. I just wonder how I will feel with 150 000$ in my pockets.

ENF.UN + BA.UN dividend for August 2010

I had received 30.14$ from Enbridge Income Fund (ENF.UN) and 24.17$ from Bell Aliant (BA.UN). This bring my dividend income to 2 382.96$. Nice earning, but once the conversion will be completed for Bell Aliant, DHF.UN and YLO.UN, my dividend earning will be a bit less than what they currently are. Good news, there's still overtime available at work for next week. So I really hope to make my next investment in DHF.UN in September. Nothing much for now.

I am now richer than ever but its not enough to call for retirement yet

When I notice today that my investment hold in Just Energy Income Fund (JE.UN) was exceeding the 10 000$ (it’s currently at 10 075.56$), I knew something major was happening today. I run to home after work and there it was, one of my dreams was coming true, my investment in JE.UN exceeds the 10 000$ and my non registered stocks & units investment portfolio exceed the 50 000$ (I am currently at 50 244.58$)… And here am I, at a 90 472.56$ in assets. I left myself at 1 000$ in savings. Currently, I am around 1 300$, but I wanted to leave it at 1 000$ (my savings section) just to compare my assets to the previous investment portfolio update. Everything is going well so far, financially speaking, at least.

I also received some dividend income lately: 14.56$ from Pengrowth Energy Trust (PGF.UN) and 57.06$ from Emera Incorporated (EMA).

My investment portfolio in date of August 18, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 900.35$
Timminco (TIM): 87$
Blue Note Mining (BNT): 34$
Bank of Nova Scotia (BNS): 5 466.63$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 2 268.06$
Fortis (FTS): 3 052.80$
Pembina Pipeline Income Fund (PIF.UN):
8 218.89$
Just Energy Income Fund (JE.UN): 10 075.56$
Yellow Pages Income Fund (YLO.UN):
2 361.45$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 550$
Pengrowth Energy Trust (PGF.UN): 2 087.91$
Enbridge Income Fund (ENF.UN): 4 534.16$
Corby Distilleries Limited (CDL.A): 3 030$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 670$
Cash: 12.77$

TOTAL: 50 244.58$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 640.66$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 921.68$
Sprott Canadian Equity Fund:
5 178.04$
Dumont Nickel Inc. (DNI): 345$
Cash: 60.78$

TOTAL: 10 146.16$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 748.42$
EnCana Corporation (ECA): 2 904$
Emera Incorporated (EMA): 5 334.60$
Cash: 38.08$

CIBC Dividend Growth Fund: 496.85$
CIBC Emerging Markets Index Fund: 417.13$
CIBC Monthly Income Fund: 990.37$

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: 116.87$
TD Monthly Income: 104.38$
TD Emerging Markets: 82.12$
TD Energy: 79.76$
TD Precious Metals: 114.32$
TD Latin American Growth: 95.98$
TD Entertainment and Communications: 105.39$
TD Dividend Growth: 191.76$
TD U.S. Mid-Cap Growth: 96.78$

Maritime Life International Equity Fund
(Templeton): 608.50$
Manulife Simplicity Growth Portfolio: 838.52$
Maritime Life CI Harbour Seg Fund: 973.37$
Maritime Life Fidelity True North Seg Fund: 944.61$
Maritime Life Trimark Europlus Seg Fund: 582.73$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 501.42$
RBC U.S. Mid-Cap Equity Fund C$: 1 679.05$
RBC Global Resources Fund: 832.68$
RBC O’Shaughnessy International Equity Fund:
580.92$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 023.86$

GIC Canadian Market: 1 000$

TOTAL: 28 934.25$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(107.57$):
90 472.56$

I am spending too much

I did around 10 hours today at work. I am going try to get up early tomorrow and begin earlier. I should be good for at least a 1 000$ paycheck. For laptop, I could afford it, but only if I work 14 hours for the 3 upcoming days! So I don’t know what I will be doing. But a laptop purchase is really not important at this time, even if it was supposed to be my birthday gift. The problem is that I am spending too much. I am already at 350$ in expenses on my BMO credit card that I only use for its AirMiles (and the month is not over yet!). I also have a 163$ to pay on my RBC Visa by the end of the month. And just to make things worst, I now have a 112$ to pay at TD Waterhouse for my RSP account… I am going to take care of this one tomorrow morning because it’s bringing my account to -112$ since I don’t hold any cash in my online broker account. Some TD Waterhouse staff is so bad, they could some of my stocks or units just to pay their administrative fee! For once, I have a good reason to wake up early and after passing by a TD Canada Trust branch, I should be able to go to work… Lot of expenses to cover, but I should be able to make it. For tomorrow, I am waiting a 365$ paycheck. And my next week paycheck should be of at least 1 000$. From the way things are looking, there could be some overtime available next week also at my daytime job. I could be able to make my next investment in September, but not by the end of August, probably not. I am just a bit confused about it at this time. After all, I had been working 10 hours today (I usually only work 5.5 hours per day at my daytime job!). I didn’t have anytime to apply for a credit line or see my options to cover my CIBC Visa debt. I try to call RBC on Monday, but the delay was too long. I have a 1 232.57$ at 3.9% that is going to expire in September. I could pay it off by not doing my next investment. But… I didn’t give up yet on my 100k. Being pack of all kind of debt does not bother me at all and I don’t agree with people when they say I should pay debt instead of investing. I am building my future financial situation here. Why should I care about paying debt? My portfolio is doing well. I was just surprise today when I saw EnCana Corporation (ECA) at 29$... (usually it’s around 33$...). Also CDL.A that is currently below 15.30$. Other than that, the portfolio is just the way I like it, pretty stable. I got those 2 French comments on my blog that I decide not to post because they were written in French. Quebeckers can be so arrogant, thinking that they have the right to post comments in French on my blog. So typically Quebecker. It was about a guy saying that he knows Derek Foster (but we all know Derek Foster!!!) lol. And the guy was saying I should move to Gatineau (which is located close to Ottawa) and work for federal agencies, that I could be less annoy by Quebeckers… Well, I work before in Ottawa and it was full of stupid Quebeckers and between Ottawa and Montreal, Montreal is way much better because yes, there’s Quebeckers here but there’s a lot of people like myself coming from outside Quebec. Montreal is more multicultural and I met great people here. Ottawa-Gatineau is full of Quebeckers and part of the reason why federal government does not perform too well it’s because it’s too full of Quebeckers, doing nothing at all. Canadians are paying the big price for a unite Canada and it does not worth it. Not with those hypocrites voting for Duceppe but working in senior positions in federal agencies. I had been there, I worked in many agencies through staffing agencies and I am able to tell, Quebeckers are killing this country. I have many stories to tell and I may have the time to write about those another time. To get more deeper into the specific see.

Yellow Pages Income Fund (YLO.UN) dividends for August 2010 are in

I made it! I had reached my second online income payout of 100$ for 2010. I would like to make a third 100$ by the end of 2010, if possible and, why not even more… I guess I will be spending the 100$ on an Acer 10” mini laptop. The mini laptop is at 279$ at FutureShop. It come at 314$ after taxes. So I will only have 214$ from my pocket to pay for. Not to forget a case I will have to purchase to protect the laptop… Anyhow, it will be a nice birthday gift from me to me. Don’t forget, it’s my birthday somewhere at the end of the month lol! I am in need a good pair of shoes too. I won’t be able to wear my sandals forever… I love the sandals I purchase earlier this summer. They are black Columbine sandals, very comfortable. Sports Expert has that sale going on where you purchase one item, and the second is 50% off. I don’t know if it’s over now. Columbines work well for me. My winter boots are also Columbines and I had them for 3 years now. Since there’s overtime this week for a second week at a row at my daytime job, I may make enough to cover the cost of my laptop AND make my next investment of 100 units of David + Henderson Income Fund (DHF.UN). That will be quite of a challenge and involve me doing over 50 hours this week lol…… Anyhow, I’ll see how it goes.

This weekend had been quite easy as I just work my usual weekend shift and it’s about it. Some people are really getting annoying at my weekend job and there are so a bunch of Quebec morons there. It’s unbelievable. I am just not getting use to it. I didn’t apply for any credit line over the phone like I wanted to. And it’s not a Quebec jerk who’s going to refuse me because I am going to call the English line for all the places I am going to apply to (because I could get refused…). I am going to try to take care of this tomorrow morning. My investment project is going on so fine. I received this weekend Yellow Pages Income Fund (YLO.UN) dividend, a nice and gentle 30.01$. I guess it will DRIP on Monday or so. I should receive around 4 new units of Yellow Pages Income Fund. The dividends are slowly adding up. I think this is the first ever I am receiving a 30$ from Yellow Pages Income Fund (YLO.UN). Hope one day I will have enough to espace from Quebec province forever.