I am now a new iPod owner!

I got my iPod 8GB! (The same one as advertise right over there!) It wasn’t easy to set it up. But that’s only because of me – my computer hard drivers are over loaded. I get rid of some programs I didn’t use for quite some time. And than it finally started to work! I got this iPod for free at work. The only thing I will be looking to buy is a case for it. The iPod do not come with a charger – its charge itself within 10 minutes on a computer. But a charger can be purchase separately.

I took a picture of myself with it and than I realize how that my hair look… strange (and I am desperately in need of a hair cut too!!). I can see 2 different colors in my hair: the great red coloration and my roots (my natural color). For now, I got tired of dying my hair so I decide not to color my hair anymore but such decision had a direct effect on myself, in the sense that I don’t like my hair right now and I prefer not to look to closely at the picture… It won’t be post here. I delete it. Just to conclude on this word: getting rid of an hair coloration is not an easy thing.

I wasn’t able to use the Wifi of my new iPod but I am going to bring it with be tomorrow and try to use it downtown Montreal to see I it actually work. I will also take pictures… Just can’t wait!

Things are going to be a bit rough for another investment this month. I am still waiting for my paycheck – I should get it by midnight or so. Problem being that after this pay, I will be receiving another one but… the problem being that I need to have enough to pay my December rent. So I prefer to wait next month before placing another investment.

And talking about investment, the iPod touch has a functionality allowing user to check the stock market. You can enter first your tickets, and within the power of a touch, check how well – or how bad lol… – your investments are doing. But to do this, the Wifi need to be working… I wasn’t able to set my tickets yet but I will be looking forward to do that tomorrow. I guess the best is to go with an iPhone because there’s no Wifi everywhere but I have to say, being disconnected sometimes from the stock market cannot hurt. And especially now knowing I have so much to pay for…

Take a look for yourself. Here’re the ugly bills:
-6.36$ on a Visa (I guess this was a little left over when I proceed with my latest credit card balance transfer).
-100.12$ on one of my credit line
-59.49$ on another Visa
-63$ on another credit line
-107$ on another credit line
-103$ on another credit line

…lol

And not to forget my rent… 555$ (but all included)…

No, there will be no upcoming investment for the month of November! What was I thinking? :0)))))

More of the Sprott Physical Silver Trust (PHS.U) in my investment portfolio

I am getting tired of working during the weekend. But the effort worth it, as I probably be able to invest 1 000$ later on this week in the Sprott Physical Silver Trust (PHS.U)! I am very happy about it because I find that the Sprott Physical Silver Trust (PHS.U) bring what was missing in my investment portfolio: something strong and powerful. A good silver investment like the one offer by the Sprott Physical Silver Trust (PHS.U) was missing in my non registered portfolio. I had gold in my RRSP portfolio, but no trace of silver or gold in my non registered portfolio until… recently… And now, I am getting ready to welcome some brand new units of the Sprott Physical Silver Trust (PHS.U) in the everything! YEAHHH!!

Quiet weekend, but I change my routine: I took care of the cleaning and the grocery shopping on Saturday evening instead of the regular Sunday evening. I find it better, because on Sunday, I finish work later and also, this allows me to take a rest on Sunday evening, before starting all over again on Monday… By doing this, I am also trying to wake up earlier on Monday morning. Starting Monday, I will try to my overtime in the morning instead of the evening. While doing overtime hours in the evening, I sometime finish work very late and it’s doesn’t give me too much time to do other things during the day. But I now want to change my routine to be able to leave work earlier and work on my HubPages articles and blog among other, as my online profits are slowly growing and I really need new winter boots, among other things.

This weekend, I received in my TD Waterhouse broker account some good dividend payment from Pembina Pipeline Corporation (PPL) and Yellow Media Inc. (YLO):

Pembina Pipeline Corporation (PPL): 55.51$
Yellow Media Inc. (YLO): 31.01$

Not bad at all. Don’t you think so? But get ready for even better stuff because with the new units of Sprott Physical Silver Trust (PHS.U) I am going to add to my portfolio this week, the profits are going to be great! So get ready!

I got pretty shocking comment made under my review of The Idiot Millionaire of Derek Foster. People can get absolutely nuts when it come to money. Don’t you ever be surprise to hear pretty heavy stupid dumb comments when it comes to Derek Foster. This being said, the guy is a genius. I am going to make it very clear: Derek Foster books are what help me to become wealthier financially. I am not at a point where I am going to leave the workplace anytime soon but….. I find my portfolio growing stronger and stronger. But this is nothing. The best is to come.

Great gains coming ahead for the Sprott Inc. (SII)

My first ever stock purchase was 500 stocks of Sprott Inc. (SII) that I purchase, back in 2008 just before the stock market crash, at around 10$ per unit. Since that time, I had experiment the volatility of the market with Sprott Inc… I saw the stock price decreasing from 10$ to less than 4$... For quite sometime, Sprott Inc. stock remain under 5$. I never taught it was going to hit the old 10$ until… just recently. Why? Well, according to Tim Kiladze from the Globe & Mail, we own those recent gains to the launch of the Sprott Physical Gold Trust and the Sprott Physical Silver Trust.

Not too long ago, I invested in 200 units of the Sprott Physical Silver Trust (PHS.U). Gold and silver investments are both great ways to protect an investment portfolio from the volatility of the stock market. And some other investors might think the same way because the Sprott Physical Gold Trust and the Sprott Physical Silver Trust are 2 investment products who are having a real huge success right now.

If you want, you can invest in gold and silver the old fashion way, by buying certificates. But investing in product such are the Sprott Physical Gold Trust and the Sprott Physical Silver Trust is the easiest way to go: you can buy and sell whenever you want, as long as the stock market is open.

So far, I have a very good experience with the Sprott Physical Silver Trust (PHS.U). In one day, if I would have sold my units, I would have made a profit of more than 100$. I don’t plan to sell anything soon, but the possibility of making money is there. The Sprott Physical Gold Trust had been out there since a couple of months, but the Sprott Physical Silver Trust (PHS.U) had been offered since end of October 2010 only. This mean that the price of the Sprott Physical Silver Trust units is still low for now… but it won’t be the case forever. I saw the Sprott Physical Silver gaining 5% on one day only! My first purchase of Sprott Physical Silver Trust was made at 10.73$ per unit. I wish to make another investment in the Sprott Physical Silver Trust by next month.

At now 9.99$ per trade with TD Waterhouse, I will probably make an investment once per month, despite the low amount investing. Remember: diversification is your best friend when it comes to investing. Go out there, invest in the Sprott Physical Silver Trust and the Sprott Physical Gold Trust and make my Sprott Inc. (SII) gain the old 10$ per stock… PLEASE!!! :o)

My review of Derek Foster latest book: The Idiot Millionaire

It wasn’t at the Montreal Chapters yet, so I order Derek Foster latest book online through his Web site last weekend. I am in Montreal, and I received the book on the following Wednesday. It took me a short 3 business days before being able to read the one and only useful financial book! I keep talking about Derek Foster over and over again on my blog but it’s for a good reason: Derek Foster books are what had made my profit EXPLODE! If it wouldn’t be of Derek Foster, I would still be investing in mutual funds – but mutual funds only. Would be surprise by the amount of people who had send me emails saying that Derek Foster books also help them in their financial journey.

Anyhow, this time, I am mentioning “the” name, Derek Foster, because I finish the reading of Derek Foster The Idiot Millionaire.

What’s Derek Foster The Idiot Millionaire book is about?

Well, The Idiot Millionaire is a nice continuation of Derek Foster first book Stop Working: Here’s how you can! If you a fan of the Stop Working or even if you are not aware of Derek Foster work, you can easily begin by reading The Idiot Millionaire, you won’t get lost. And actually, The Idiot Millionaire is even better because for the first time ever, Derek Foster provides the symbol ticket of the companies is taking about (because before, Derek Foster was not provided the ticket and I had to do my own search to find the ticket symbol!).

Because yes, just like in his previous books, Derek Foster provide an update version of his very own investment portfolio (very precious and valuable information!!). Also, Derek Foster propose a series of individual US and Canadian stocks for perfect, not to say “idiot”, but for people like me – and maybe like yourself who’s reading this blog right now – who are complete stranger to the stock market.

2010 mark by second year investing in the stock market and yes, even after a short but intense 2 year trading period, I still consider myself a complete idiot of the stock market. Being not sure about everything keeps me in a secure position where I can, as an “idiot” wanna be millionaire, react to anything that I wasn’t expecting – a laid off from BMO Bank of Montreal, of a 2 000 points loses from the TSX. The idiot attitude is actually the best attitude to have while investing because in the past couple of years, many events (like the 2008 market crash) had proof that even experts can be idiots. And we can certainly name here Henri-Paul Rousseau. Another stupid Quebeckers, just like my late fellow of BMO Bank of Montreal (BMO). When it come to finance, Quebeckers had no skills. Why? Because they have that super arrogant attitude toward everything. Quebeckers don’t have the “idiot” attitude and that’s why they are falling in everything they do and that’s exactly why they will keep falling. But that’s something else, isn’t

Ok, so here I am coming – back in 2008, Henri-Paul Rousseau was the president and chief executive officer of the Caisse de dépôt et placement du Québec. Actually, Henri-Paul Rousseau had been the president and chief executive officer of the Caisse de dépôt et placement du Québec for the period of 2002-2008. In 2008, following the bad management of Henri-Paul Rousseau and the heavy stock crash, the Caisse de dépôt et placement du Québec had lost more than 40 billion of dollars! Despite heavy losses, no criminal accusations had been put against Henri-Paul Rousseau. At the time of the events, Jean Charest was prime minister of Quebec – yes, the same one who had used his political power to name a few of his friends in important governmental position. The one and only Jean Charest, the one who fail to buy New Brunswick Energy Power.

In his fabulous The Idiot Millionaire, Derek Foster had made what I will consider – only from my personal point of view of course – a huge mistake. At page 51 of The Idiot Millionaire, Derek Foster name Power Financial (PWF) as a potential investment. Investing in Power Financial (PWF) would be a huge mistake! Please be aware that after leaving the Caisse de dépôt et placement du Québec in a rush in 2008, Henri-Paul Rousseau had been hired at the Power Financial (PWF) as a Vice-Chairman! Can you believe? This is the same guy who makes Quebeckers loose millions of dollars!

Power Financial (PWF) had that very conservative way to manage their business. They have a profitable business, but that’s only because the company is a major stockholder of other companies like Manuvie who currently are not doing well at all on the stock market right now.

I really appreciate Derek Foster work, but you definitively need to do your part of the search before investing! But don’t you ever worry, I am here to help you. I am going to show you “how you can” like a real New Brunswicker (because I am a real one).

Me and my debt: how about a margin account with TD Waterhouse?

Here it is, the update you were all waiting for… lol… The “debt situation” update for November 2010! I finish work early today and I am glad I did because tomorrow, some construction is being done in the area and they will be cutting the water at 9am… I usually wake up at 9:30-9:45am to take a shower… Just very glad I actually saw the notice. I sometime skip the morning shower, but never more than 2 mornings in the row…But do you really need more details on my personal hygiene?

As I previously said, I am at 45$k in debt, more exactly 45382.49$. Fact is, I don’t update my debt situation on a regular basis. What I prefer to update is, of course, my investment portfolio.

I hold 45 382.49$ in debt, and my investment portfolio is at 116 389.70$:

116 389.70$ - 45 382.49$ = 71 007.21$

My net worth is at 71 007.21$, which I find good. Not to forget also my dividend income, that is now at more than 5 000$. Nothing to compare to the Dividend Lover, but still…

For me, this overall scheme work quite well, in the sense that I can feel a balance between the debt and the investment. The 10 000$ is my latest credit line at RBC Royal Bank at an interest of 7.27%. At this point of the journey, I am looking forward to find a way to decrease, not my debt level, but the interest gain on the debt.

This was a suggestion made by the Dividend Lover himself a little while ago: to use margin money with TD Waterhouse to pay off debt. I keep thinking about this one over and over again and the plan could work. Here’s the deal: set up a margin account, use the margin money to pay off debt. In this case, I would start small. I would like to begin with a 5 000$ (or less, depending the amount available on the margin) to pay off my 5 000$ TD credit line at 8.75%. 8.75% is quite a huge interest rate. In case of a margin call, I would just reverse the money from the TD Canada Trust credit line to the TD Waterhouse margin account… In order words, the margin account would be used to pay off debt, and not to invest. I find this trick quite interesting. So far, what had stop me from opening a margin account is the responsibility of having to access my online broker account every single night in order to verify if I am on margin call terrify me. But now that fear is less because I told myself: I look into my broker account every single night of the week anyway. So looking into my stocks and dividend or checking if I am on a margin call or not – there’s no difference!

Margin borrowing is definitively something I am looking into to decrease the interest rate of some of my debt. So stay tune!

My debt situation in date of November 9, 2010

9 671.43$ at 4.75% (RSP credit line) = 459.39$ in annual interest
4 900$ at 4% (credit line) = 196$ in annual interest
7 957.05$ at 4.9% ending in April 2011 = 389.90$ in annual interest
4 911$ at 8.75% (credit line) = 429.71$ in annual interest
7 943.01$ at 5.50% (student loan) = 436.87$ in annual interest
10 000$ at 7.27% (credit line) = 727$ in annual interest

TOTAL: 45 382.49$
TOTAL in annual interest: 2 638.87$
[In date of November 9, 2010]

I am now at 116 389.70$

Today, a couple of extraordinary things happen. First the TSX close at it’s highest ever for 2010. The TSX had exceed the 13 000 points! That was for the first thing.

As for the second, I am very proud to announce that I now totally recover from my lost with the Sprott Canadian Equity Fund. About 2 years ago, I had invested 7 000$ in the Sprott Canadian Equity Fund. Currently, my investment in the Sprott mutual fund worth 7 044.99$! FINALLY! HOURRAA!

Third, I had reached the payout of 100$ (even a bit more) for my online incoming without writing anything new on HubPages. I am in need of a good pair of winter boots for this winter. I spot a nice Columbia one for 99.99$. I should be able to make my purchase shortly…

Fourth, the Consumers’ Waterheater Income Fund (CWI.UN) had close at more than 6$ per unit today! How great is that?

Fifth, I have to go to bed now if not I won’t be able to wake up tomorrow. Chow chow! (And yes, I am going to update the debt section, but it will be tomorrow or another day).

My stock investment portfolio in date of November 8, 2010

Savings:
134$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 3 418.80$
Timminco (TIM): 88$
Blue Note Mining (BNT): 54$
Bank of Nova Scotia (BNS): 5 852.90$
Hanwei Energy Services (HE): 88.50$
Methanex Corporation (MX): 3 022.02$
Fortis (FTS): 3 595.20$
Pembina Pipeline Corporation (PPL):
9 107.91$
Just Energy Income Fund (JE.UN): 11 788.35$
Yellow Media Inc. (YLO): 2 966.70$
Bell Aliant Regional Communications Income Fund
(BA.UN): 5 294$
Pengrowth Energy Trust (PGF.UN): 2 745.11$
Enbridge Income Fund (ENF.UN): 5 259.72$
Corby Distilleries Limited (CDL.A): 3 095.40$
Davis + Henderson Income Fund (DHF.UN):
3 820$
Premium Brands Holdings Corporation (PBH):
2 888.64$
EnCana Corporation (ECA): 5 965.68$
Sprott Physical Silver Trust UTS (PHS.U): 2 224$
Cash: 0.86$

TOTAL: 71 275.79$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 905.92$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 660.65$
Sprott Canadian Equity Fund:
7 044.99$
Dumont Nickel Inc. (DNI): 330.63$
Cash: 70.67$

TOTAL: 13 012.86$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 4 289.22$
EnCana Corporation (ECA): 2 968$
Emera Incorporated (EMA): 6 297.48$
Cash: 58.64$

CIBC Dividend Growth Fund: 540.04$
CIBC Emerging Markets Index Fund: 458.76$
CIBC Monthly Income Fund: 1 040$

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

GIC National Bank: 1 147.42$
GIC Plus: 500$

TD Canadian Bond: 117.64$
TD Monthly Income: 109.73$
TD Emerging Markets: 93.23$
TD Energy: 89.84$
TD Precious Metals: 146.72$
TD Latin American Growth: 108.43$
TD Entertainment and Communications: 120.03$
TD Dividend Growth: 205.30$
TD U.S. Mid-Cap Growth: 109.03$

Maritime Life International Equity Fund
(Templeton): 668.18$
Manulife Simplicity Growth Portfolio: 908.61$
Maritime Life CI Harbour Seg Fund: 1 061.01$
Maritime Life Fidelity True North Seg Fund: 1 029.86$
Maritime Life Trimark Europlus Seg Fund: 644.05$

Great-West – various: 1 751.69$

RBC Canadian Dividend Fund: 539.96$
RBC U.S. Mid-Cap Equity Fund C$: 1 891.65$
RBC Global Resources Fund: 1 091.20$
RBC O’Shaughnessy International Equity Fund:
662.35$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 169.05$

GIC Canadian Market: 1 000$

TOTAL: 31 822.64$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(104.41$):
116 389.70$

The new way to invest in silver: the Sprott Physical Silver Trust

It’s been a quiet weekend. After work, I directly go to Montreal Chapter store to find a copy of Derek Foster latest book The Idiot Millionaire, but it wasn’t there yet. I spend a bit of time there, and than go back home. I start reading more about my latest investment, the Sprott Physical Silver Trust. It’s actually really interesting! Just like gold, silver is gaining in value and it’s seemed like precious metals are going to gain even more value in the upcoming months. Investing in product like the Sprott Physical Silver Trust and the Claymore Gold Bullion ETF (CGL) can definitively bring extra security to a stock portfolio.

I had experiment some money lost in investment like Sprott Inc. (SII), Timminco (TIM), Blue Note Mining (BNT), Hanwei Energy Services (HE) and Dumont Nickel Inc. (DNI). With Sprott Inc. (SII), I am confident that I will soon recover from my loses, but when It come to other investments like Timminco (TIM), Blue Note Mining (BNT), Hanwei Energy Services (HE) and Dumont Nickel Inc. (DNI), I am not that sure. For those 4 investments, the timing was just bad. But I do not consider those investments as being “bad investment”. There’s always a reason behind my choices. I will continue to hold Timminco (TIM), Blue Note Mining (BNT) and Hanwei Energy Services (HE) for the upcoming months. I don’t think that the money los can really be greater than what it is now lol… But I consider selling Dumont Nickel Inc. (DNI). Why? Because I have enough Dumont Nickel Inc. (DNI).

I had invested in Dumont Nickel Inc. (DNI) stocks back in the summer of 2009. Back in the time, on one specific day, the Dumont Nickel company stock value had suddenly jumps. That’s what catches at first my interest. Also, at the time, I was short in cash and I taught that investing in a penny stock could be a good thing… Not that my investment in Dumont Nickel was a bad one, but I wanted to make quick money for the summer. It was experimentation for me. It’s been more than a year now and I still didn’t make money out of Dumont Nickel Inc. (DNI)…

Currently, I hold Dumont Nickel Inc. (DNI) in my Tax-free savings account (TFSA). The value of the investment is of 330.63$. I currently hold 70.67$ (cash) in my Tax-free savings account. I was thinking about selling Dumont Nickel Inc. (DNI) and invest, instead, in 35 units of the Sprott Physical Silver Trust. I am pretty sure I could easily recover from my capital lost by doing so. It’s something I am thinking about doing, without really knowing for sure if it’s what I am going to do next.

But what I know for sure, after reading about the Sprott Physical Silver Trust, I am looking to invest more in it next month. And I may invest more in gold. With the result of the elections in the US, nothing is safe anymore. The Democrates of Barack Obama had lost some representative and a bunch of Republicans are now name in the Congress. Way too much Republicans. So be ready for the worst: invest in gold and silver. Go for the Sprott Physical Silver Trust and the Claymore Gold Bullion ETF (CGL) to protect your assets from the bad Republicans.

I am now at 115 048.14$

Wow! What a week! I am working like crazy these last couple of days. There’s still overtime available for the next couple of weeks. I am expecting to do extra hours and, of course, invest it all in my portfolio…

I had received 78.32$ in dividend from Just Energy Income Fund (JE.UN).

My blog is really the place where I can think about my finance so I hope you won’t mind if I sometime I change my plans… My last investment was supposed to be in the Enbridge Income Fund (ENF.UN), but I had changed my mind after following, for the last couple of days, the Sprott Physical Silver Trust UTS (PHS.U).

The Sprott Physical Silver Trust UTS (PHS.U) is the latest addiction to the Sprott Management Asset family. The trust start back in October 2010 and since that time, the Sprott Physical Silver Trust UTS (PHS.U) units keep gaining in value. I learn about the Sprott Physical Silver Trust UTS (PHS.U) just a couple of days ago – that’s why I didn’t have the chance to write about it earlier.

Oh, and talking about writing…. Derek Foster had published his 5th book! Derek Foster latest book is title The Idiot Millionaire and seem to be full of investment ideas! Yeah! I like the title! Its match well with my way to invest, idiot, but millionaire. Or future millionaire. What do you think?

Today, I had purchased 200 units of the Sprott Physical Silver Trust UTS (PHS.U) at 10.73$... The Sprott Physical Silver Trust had closed the day at 10.84$. If you want my point of view, the Sprott Physical Silver Trust is a very good investment. There’s just something I don’t understand too much about it. The Sprott Physical Silver Trust, under the ticket PHS.UN trade in Canadian currency, but when I place my order, a message appears… I didn’t have time to take note of it as I was in a hurry to place my order but there’s something special about that Sprott Physical Silver Trust. It will make a good contribution in kind for my RRSP.

Some readers had requested info about my debt, I guess I am roughly around 45 000$ or something like it. And no, I am not looking forward to pay my debt, only invest, invest, invest. Go baby go.

Watch out carefully the Sprott Physical Silver Trust. I have a feeling I am going to make some great cash with this one. A tip coming from the Idiot Dividend Girl. ;0)))