My stock investment portfolio in date of September 9, 2010

Savings:
1 500$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 2 149.70$
Timminco (TIM): 80$
Blue Note Mining (BNT): 38$
Bank of Nova Scotia (BNS): 5 646.39$
Hanwei Energy Services (HE): 120$
Methanex Corporation (MX): 2 542.04$
Fortis (FTS): 3 180$
Pembina Pipeline Income Fund (PIF.UN):
8 130.06$
Just Energy Income Fund (JE.UN): 10 820.61$
Yellow Pages Income Fund (YLO.UN):
2 411.50$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 565$
Pengrowth Energy Trust (PGF.UN): 2 196.59$
Enbridge Income Fund (ENF.UN): 4 819$
Corby Distilleries Limited (CDL.A): 3 090$
Davis + Henderson Income Fund (DHF.UN):
1 844$
Premium Brands Holdings Corporation (PBH):
2 694$
EnCana Corporation (ECA): 5 986$
Cash: 11.87$

TOTAL: 58 324.76$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 690.91$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 961.12$
Sprott Canadian Equity Fund:
5 518.88$
Dumont Nickel Inc. (DNI): 402.50$
Cash: 63.81$

TOTAL: 10 637.22$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 785.60$
EnCana Corporation (ECA): 2 894$
Emera Incorporated (EMA): 5 595.72$
Cash: 38.08$

CIBC Dividend Growth Fund: 509.48$
CIBC Emerging Markets Index Fund: 422.84$
CIBC Monthly Income Fund: 997.24$

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: 116.95$
TD Monthly Income: 105.85$
TD Emerging Markets: 84.20$
TD Energy: 80.32$
TD Precious Metals: 122.07$
TD Latin American Growth: 96.43$
TD Entertainment and Communications: 107.73$
TD Dividend Growth: 197.47$
TD U.S. Mid-Cap Growth: 99.19$

Maritime Life International Equity Fund
(Templeton): 614.36$
Manulife Simplicity Growth Portfolio: 846.51$
Maritime Life CI Harbour Seg Fund: 979.23$
Maritime Life Fidelity True North Seg Fund: 961.03$
Maritime Life Trimark Europlus Seg Fund: 593.98$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 514.52$
RBC U.S. Mid-Cap Equity Fund C$: 1 722.77$
RBC Global Resources Fund: 872.23$
RBC O’Shaughnessy International Equity Fund:
592.12$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 046.56$

GIC Canadian Market: 1 000$

TOTAL: 29 448.26$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(124$):
100 074.24$

I received Just Energy Income Fund (JE.UN) dividend for September 2010

This is what I had been waiting for! I finish work early today, around 7:30pm actually as I was exhausted I begin to suffer form back pain. So I walk around St-Catherine, saw an old colleague to who I say hello, I went by the groceries store as I feeling to eat some salmon, come back home, clean a little, log in my laptop and….. there I saw them, my dividend from Just Energy Income Fund (JE.UN)! WOW! I had received 77.29$ in dividend income from Just Energy Income Fund. This is adding 5 new units to my collection, which mean that I currently hold 753 units of Just Energy Income Fund!

My back begin to hurt today and when it does, its mean I am in need of walking, even if I walk everyday to go to work. I had been working a lot more than my usual 6 hours shift at work and it had its effect on my back. I don’t suffer from back pains on a regular basis, just from time to time but when it hurt, it hurt to hell. Anyway, I am much better. And surprise, I am only missing 224$ to pay on my TD credit line! Another surprise, for the first time ever, my non registered stocks and units portfolio had exceed the 58 000$! Time for one of my famous portfolio update? Yep for sure!

Just enough to pay off my TD credit line

I received my paycheck. Not as huge as wanted, but I will catch up next pay. Luckily, I have enough to pay off entirely my TD credit line!

My non registered stocks and units portfolio is at more than 57 800$ right now. Sprott Canadian Equity Fund had passed the 37$ per unit. So it’s all very great news overall right now financially speaking. Everything is under controlled or almost. I was just upset to learn that Bank of Canada had increased a something rate of 1%. That increased do not appear so far on my TD line of credit or either on my RBC credit line but I guess it could increased. Anything can happen knowing the Tories government we have right now. I will later on work at paying more debt as overtime is currently available at my job.

Being too much in deep in the red is not good but I really appreciate my latest RBC credit line – it allows me to reach my first 100k in investment. I might be very close to my goal at this time but I am very tired, just coming from a 12 hours shift and I don’t have any energy left to spend over some portfolio update, even if it’s something I really enjoy to do. I like counting and calculating every single penny coming out of my fortune.

I just cannot wait for tomorrow to finally paid off that TD credit line.

Go go go Claymore Gold Bullion (CGL)

I had been working like crazy. Yesterday I did a 9 hours shift and today a 10 and a half hours shift. This is kind of heavy stuff for me as I usually work only a 5.5 hours shift per day on weekdays at that job. I got to get home early today since I got stuff to be done. I just hate the laundry-lunch-to-be-done-cleaning routine but those types of things need to be done once in a while right lol...

It’s raining again in Montreal. I just cannot wait for tomorrow to see how much is going to be on my paycheck. All of the money earned will go as payment on my TD credit line. After what, my TD credit line would be all paid off. I just can’t wait to receive my online earning payment. I should received a 100$ payment by the end of the month if I understood correctly. I really need another pair of shoes. The ones I have hurt my feet constantly very badly! I think about wearing sandals until I got a new pair… next week or so? I don’t know. It’s just that with the overtime available, I don’t have too much time to shop around. Second after something else, my feet might be the most precious sensible part of my entire anatomy. It’s always been like that. And it didn’t change just because I am now thirty years old lol… Finally, my laundry and lunches for the next couple of weeks are now done. I also purchase some coffee. But as you know, nothing beat Second Cup coffees and I might be running there just like always. I didn’t dye my hair for quite sometime now and it doesn’t look as ugly as I expect. I would be in need of a good hair cut anyway, as I didn’t get a cut for several months now and I know wearing my hair in a twist ponytail that I attach on the back of my head. Doesn’t look ugly, but doesn’t look sexy either. Is there anything I wouldn’t do to invest? Frugal living is a choice of live but I won’t say I had been living frugally lately as I buying a Second Cup coffee almost everyday of the week and I eat out and stuff. But lately, money is just coming out of my ears….. So very close to the 100 000$ that I decide to invest 2 000$ in gold by if not tomorrow, sometime else. That’s the main reason why you have to read this blog every single day of the week because you never know when it will be it, when it will be the day I will be updating my portfolio and say, on my classic way: I am now at 100 000$. Things are happening you know on this blog. It’s just not a matter of exposing myself and my investment and my debt, it’s more a positive message send to small investors like myself, the misses and misters nobody that hey, might not be a nobody, but that Stop Working of Derek Foster is making me rich. And it’s really happening. I am getting rich and more in deep into debt but I cannot help it, I cannot live without investing anymore. Investing had been part of my live since 2005, but lately, even while feeling “complete” with my portfolio (yeah I know, but I really wrote that lol), I want more. And I know I can make a great deal of cash on EnCana Corporation (ECA). I know I want loose my money.

Gold had reached its highest point today and Claymore Gold Bullion (CGL) had performed extremely well and I am just curious to find out if one day the Claymore Gold Bullion will pay or not an annual distribution. I think I would deserve such thing from Claymore Gold Bullion, if not by Claymore itself or if not by you.

The importance of keeping a balance between Debt, Asset and Wage

This last Friday, I almost reached the 100k in investment assets. At this point, I am very close my goal and I think that to just add up a little in order to reach that famous 100k idea of mine, I will be investing – really soon I hope – around 2 000$ in the Claymore Gold Bullion ETF (CGL). This investment won’t bring any monthly or quarterly dividend, but maybe an annual distribution. In my life so far, I had been over-excited lol over 2 things: reaching 100k in assets and reaching the equivalent of 400$ per month in dividend earning. As for the 100k, I am almost there, and when it come to the dividend income, I am currently 369$ per month (this excluding RSP). Because with the dividend earn inside my RSP portfolio, I am at more than 400$. But since the dividend earned inside RSP cannot be touch before retirement without penalties, I am not counting them in the dividend earnings. That’s why I am currently stock at 369$ per month or, if you prefer, an annual 4 428$.

I already own some Claymore Gold Bullion ETF (CGL) inside my RSP investment portfolio but not outside. Adding more units of Claymore Gold Bullion ETF (CGL) will help stabilize the value of my portfolio. Gold is always a good investment. The TSX may have exceed the 12 000 points on Friday, but will still in it. The recession is not over. So better to keep it safe and diversify. I won’t feel comfortable going in stocks only, but investing indirectly in gold is my way to diversify the whole thing.

As you can see on the previous post, I update my debt situation. I am now at 41 712.83$ in debt. My CIBC Visa card at 3.9% interest rate over a credit card balance transfer had been paid off. I am currently working at paying off my TD credit line – the one at 8.50%. I only have a balance of 974.84$ to pay – might be just a bit more now because I use my credit line this weekend but no matter what, I will be able to pay it all with this upcoming paycheck of this week. This upcoming payment will bring my debt down to 40 738$. Still quite high, but nothing to worry about since my investment portfolio worth more than 99 000$. I can pay more than 2 times the amount of debt that I own (this including RSP money…).

Of course, having 40 738$ in debt is quite a lot no matter what and I won’t say the opposite. The interest paid over the debt is quite huge on an annual basis. We are talking here of 2 273.59$ in interest money. Yes, it’s a lot. But I have a plan! Just like I taught, I didn’t receive any new offer this month coming from CIBC Visa for a credit card balance transfer. It was a one time deal. In January, I have a 7 974.10$ at 4.9% that is ending in January (another credit card balance transfer), this one at TD. How do I plan to cut off the interest paid on my debt? By using margin.

I talk about using margin previously and said it was a no-no. But I have investment AND debt so why not taking advantage of margin? Especially knowing that the interest rate is only of 3.5% at TD Waterhouse. This is not a new idea and had been bring by another blogger. The idea is to use the margin money to pay off some debt and one pay, the credit line would stay debt-free in case of a margin call.

This is what could happen in January (or even before who knows) if my margin got approved:

1) Transfer of 5 000$ from my TD credit line to my TD Visa (leaving 2 974.10$ to pay)
2) Use the saving of October-December 2010 to pay off the amount left 2 974.10$. (This meaning no new investment because of the wage I am living on right now).

Depending of the money available on the margin, I could used the money left to pay off my RSP credit line. The payment would transform the RSP credit line into a regular credit line (at 11.5% interest rate – very bad for a credit line). I could use the money to pay off the margin in case of a margin call.

Also, always depending of the amount available, I could use the margin to pay off my newest credit line of 10 000$ at 7.27%. But this is something else.

If doing this, it would be important not to use the credit line anymore and remain debt free on them. In case of a margin call, money needs to be available immediately.

At this point, I am still thinking about the margin – it’s something I keep in the back on my head. I am not ready for margin and it’s not something I really wanted to get involved in, but the door stays open. As for my next investment, I am not in a rush. I prefer to keep everything simple so I won’t loose myself in debt. I got what I wanted with my latest credit line at 10 000$, I won’t go deeper into debt (kind of funny reading this back while writing, because I said kind of the same thing after receiving my 10 000$ RSP credit line just last March…) lol… But this time, I am serious about it, going too in deep in the red would = danger.

While dealing with debt, it’s important to keep a good balance between debt, assets and monthly salary. I am pretty good at balancing – I guess that’s why I got my newest credit line just last week. Without debt, no 100k. But debt needs balance. Which mean that you need to keep in a good balance in order to be able to live with debt. To understand all this, let’s take a look at my budget, including all minimum payment that need to be made each month (this budget being valid for the period of September 2010-January 2011):

Monthly rent: 545$ (all included)
Internet: 38$
Student loan: 98$
RSP credit line: 108$
Credit line: 100$
Other credit line: 61$
TD Visa: 50$
Banking fees: 6$

TOTAL of minimum: 1 006$

+ 250$ on groceries

= 1 256$

This bring the minimum of the minimum needed at 1 256$. I don’t have cable, cell phone or any fancy things. Having 1 256$ as expenses to deal with each month is not that much. I can handle this by working part-time at my day-time job only. This means that each month, I have more than needed to cover the minimum expenses. I know that each month I earn more than 1 256$. That’s why I can currently handle the level of debt I have – but I shouldn’t be looking for more.

At this point, I am actually looking forward to decrease the amount of debt I have. I am can in a in-between I need to pay off debt and what about my new CGL investment kind of deal but life is like that. I could make that investment next week if I want. In this case, it's just a matter of what I really want.

My debt situation in date of September 3, 2010

9 805.38$ at 4.75% (RSP credit line) = 465.76$ in annual interest
4 900$ at 3.75% (credit line) = 183.75$ in annual interest
7 974.10$ at 4.9% ending in January 2011 = 391.15$ in annual interest
974.83$ at 8.50% (credit line) = 82.86$ in annual interest
8 058.52$ at 5.25% (student loan) = 423.07$ in annual interest
10 000$ at 7.27% (credit line) = 727$ in annual interest

TOTAL: 41 712.83$
TOTAL in annual interest: 2 273.59$
[In date of September 3, 2010]

I am now at 99 048.95$

I knew I was close to my first 100k, but not that close! Good news, the overall portfolio is doing well and is slowly growing. I am working again tomorrow. I watch tonight an Italien movie at the Festival des Films du Monde of Montreal. Was very nice. Just the wheater, it was a bit cold. I am working tomorrow, cannot comments more on my investment portfolio at this time, but at least I now know how much I have.

My stock investment portfolio in date of September 3, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 993.05$
Timminco (TIM): 81$
Blue Note Mining (BNT): 36$
Bank of Nova Scotia (BNS): 5 664.58$
Hanwei Energy Services (HE): 121.50$
Methanex Corporation (MX): 2 479.21$
Fortis (FTS): 3 233$
Pembina Pipeline Income Fund (PIF.UN):
8 113.14$
Just Energy Income Fund (JE.UN): 10 599.16$
Yellow Pages Income Fund (YLO.UN):
2 457$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 549$
Pengrowth Energy Trust (PGF.UN): 2 177.78$
Enbridge Income Fund (ENF.UN): 4 708.40$
Corby Distilleries Limited (CDL.A): 3 060$
Davis + Henderson Income Fund (DHF.UN):
1 832$
Premium Brands Holdings Corporation (PBH):
2 638$
EnCana Corporation (ECA): 5 954$
Cash: 13.34$

TOTAL: 57 710.16$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 716.01$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 952.88$
Sprott Canadian Equity Fund:
5 498.04$
Dumont Nickel Inc. (DNI): 373.75$
Cash: 63.81$

TOTAL: 10 604.49$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 799.12$
EnCana Corporation (ECA): 2 977$
Emera Incorporated (EMA): 5 556.96$
Cash: 38.08$

CIBC Dividend Growth Fund: 511.75$
CIBC Emerging Markets Index Fund: 425.69$
CIBC Monthly Income Fund: 1 001.82$

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: 117.55$
TD Monthly Income: 105.92$
TD Emerging Markets: 85.07$
TD Energy: 80.58$
TD Precious Metals: 122.53$
TD Latin American Growth: 98.28$
TD Entertainment and Communications: 108.44$
TD Dividend Growth: 196.84$
TD U.S. Mid-Cap Growth: 100.29$

Maritime Life International Equity Fund
(Templeton): 621.19$
Manulife Simplicity Growth Portfolio: 851.06$
Maritime Life CI Harbour Seg Fund: 987.31$
Maritime Life Fidelity True North Seg Fund: 970.25$
Maritime Life Trimark Europlus Seg Fund: 594.21$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 517.94$
RBC U.S. Mid-Cap Equity Fund C$: 1 739.99$
RBC Global Resources Fund: 871.37$
RBC O’Shaughnessy International Equity Fund:
594.02$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 050.83$

GIC Canadian Market: 1 000$

TOTAL: 29 575.87$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(118.43$):
99 048.95$

I just received Sprott Inc. (SII) dividend

... and I had received a cutty tinny 12.87$. Thank you Sprott Inc. (SII)!

The TSX close up on Friday. I guess I will be updating my portfolio this weekend! I also received interesting comments I will later on take a look closely. Take a look, interesting stuff! Got to go for now as its the Festival des films du Monde in Montreal and their showing some movies outside. A bit cold this evening but I guess it will be alright. Did you know that Paul Martin, our late Prime Minister is from Ontario (?). Pretty hilariously funny. (Read the post on Mrs. Jean I wrote I don't remember when). Good news: I got readers :) And intelligent ones! Yah!

Got to runnnnnn. Going to update the portfolio later on. I am just very curious to find out how much I have right now. Might be pretty close to the 100k if you want my opinion. Good night!

I am now at 98 379.26$

Today, the TSX gain some valuable points. Just Energy Income Fund (JE.UN) had exceed the 14$ per unit. My recent investment in EnCana Corporation (ECA) had gained a bit of value, my Davis + Henderson Income Fund (DHF.UN) units had exceed the 18$ per unit etc… All very good news overall! And here am I, at a very nice 98 379.26$ in investment value! I could make another investment – I actually have 1 620.74$ available on one of my credit line. I am very almost there but in the same time, I want to keep it safe – remember I have around 8 000$ I have to pay off on January (reason being that the special rate offer on a credit card balance transfer expired on January). Tomorrow, I will be making extra deposits on my TD credit line and once done, I will only have 720$ left to pay off. I really prefer to proceed this way. There’s still overtime available at work so I am really looking forward to do some and do my best to off my TD credit line at 5 000$ limit. After what, I would like to reach the 100 000$ in assets. October would be the perfect month for that.