My 2010 trading year in review

 

I am very lucky not to wake up with the flue because it was raining for New Year Eve in Montreal and I didn't have an umbrella. But who will carry an umbrella in January anyway? Some did, but they must had take a look at the weather forecast - something I barely ever do. You'll find in here some pictures I took from my iPod on New Year Eve. I was in Montreal in the Old Port.

Another year had come to an end. Overall, 2010 had been a good year for my commodity investment. I work like crazy, but I was able to made all the commodity investment I wanted and that's what was important to me, despite a laid off from the worst Canadian bank ever, BMO Bank of Montreal (BMO). They are disgusting, I know. And their online commodity broker BMO InvestorLine is absolutely horrible. I wasn't expecting much anyway coming from a Quebec provincial bank, an emigrant bank. And by the way, don't expect anything good from Quebeckers. 2011 will be just the same as 2010 for Quebec people: a black hole.

Ok, I got laid off from BMO Bank of Montreal (BMO) in 2010. Despite the laid off, I can assure you, I am a good investor and below is the proof. I took all of my commodity investment in this review - there's a lot of them as you'll see. I took all of them. but all of those investments were not made in 2010. My online investment in some RBC growth stock mutual funds were made somewhere in 2007-2008. Same thing for my Manulife investment. Anyhow, I wanted to take the whole monster and see where I am located in all that. Let's see how things went for the Dividend Girl online investing in 2010:

Non registered Investments:

Stocks and Units investment portfolio

Sprott Inc. (SII):

Investment initial value: 5 009.78$
Current value: 4 191.20$

-818.58$

Timminco (TIM):

Investment initial value: 4 065$
Current value: 66$

-3 999$

Blue Note Mining (BNT):

Investment initial value: 689$
Current value: 52$

-637$

Bank of Nova Scotia (BNS):

Investment initial value: 16 298.14$
Current value: 17 529.70$

+1 231.56$

Hanwei Energy Services (HE):

Investment initial value: 674$
Current value: 133.50$

-540.50$

Methanex Corporation (MX):

Investment initial value: 1 626.80$
Current value: 3 115.75$

+1 488.95$

Fortis (FTS):

Investment initial value: 2 680.06$
Current value: 3 635.86$

+955.80$

Pembina Pipeline Corporation (PPL):

Investment initial value: 6 313.20$
Current value: 9 309.60$

+2 996.40$

Just Energy Income Fund (JE.UN):
Investment initial value: 10 473.45$
Current value: 11 496.96$

+1 023.51$

Yellow Media Inc. (YLO):

Investment initial value: 2 467.68$
Current value: 2 914$

+446.32$

Bell Aliant Regional Communications Income Fund

(BA.UN):

Investment initial value: 5 513.40$
Current value: 5 223.99$

-289.41$

Pengrowth Energy Trust (PGF.UN):
Investment initial value: 2 290.55$
Current value: 2 722.14$

+431.59$

Enbridge Income Fund (ENF.UN):

Investment initial value: 3 584$
Current value: 5 792$

+2 208$

Corby Distilleries Limited (CDL.A):

Investment initial value: 3 087.99$
Current value: 3 399.66$

+311.67$

Davis + Henderson Income Fund (DHF.UN):

Investment initial value: 3 664.99$
Current value: 3 985.83$

+320.84$

Premium Brands Holdings Corporation (PBH):

Investment initial value: 2 955.16$
Current value: 2 851.92$

-103.24$

EnCana Corporation (ECA):

Investment initial value: 5 946.88$
Current value: 5 847.09$

-99.79$

Sprott Physical Silver Trust UTS (PHS.U):

Investment initial value: 2 190.49$
Current value: 2 814$

+623.51$

iShares S&P/TSX Capped REIT Index (XRE):

Investment initial value: 738.99$
Current value: 727.38$

-11.61$

Horizons Gold Yield Fund (HGY.UN):

Investment initial value: 2 000$
Current value: 2 020$

+20$

Total of gains: +12 058.15$
Total of losses: -6 499.13$
TOTAL: +5 559.02$

Tax-free savings account (TFSA):

RBC O’Shaughnessy Canadian Equity Fund:

Investment initial value: 3 000$
Current value: 2 946.19$

-53.81$

The Consumers’ Waterheater Income Fund (CWI.UN):

Investment initial value: 2 288.37$
Current value: 2 898.50$

+610.13$

Dumont Nickel Inc. (DNI):

Investment initial value: 719$
Current value: 345$

-374$

Total of gains: +610.13$
Total of losses: -427.81$
TOTAL: +182.32$

RSP investment portfolio:

Sprott Canadian Equity Fund:

Investment initial value: 7 000$
Current value: 7 773.76$

+773.76$

Claymore Gold Bullion ETF (CGL):

Investment initial value: 3 587.30$
Current value: 4 316.26$

+728.96$

EnCana Corporation (ECA):

Investment initial value: 3 230$
Current value: 2 909$

-321$

Emera Incorporated (EMA):

Investment initial value: 5 103.79$
Current value: 6 458.10$

+1 354.31$

CIBC Dividend Growth Fund:

Investment initial value: 500$
Current value: 554.19$

+54.19$

CIBC Emerging Markets Index Fund:

Investment initial value: 500$
Current value: 427.11$

-72.89$

CIBC Monthly Income Fund:

Investment initial value: 1 000$
Current value: 1 048.40$

+48.40$

TD Canadian Bond:

Investment initial value: 113.04$
Current value: 115.42$

+2.38$

TD Monthly Income:

Investment initial value: 110.45$
Current value: 109.13$

-1.32$

TD Emerging Markets:

Investment initial value: 100$
Current value: 91.38$

-8.62$

TD Energy:

Investment initial value: 102.76$
Current value: 96.46$

-6.30$

TD Precious Metals:

Investment initial value: 100$
Current value: 151.86$

+51.86$

TD Latin American Growth:

Investment initial value: 100$
Current value: 106.58$

+6.58$

TD Entertainment and Communications:

Investment initial value: 100$
Current value: 122.37$

+22.37$

TD Dividend Growth:

Investment initial value: 208.80$
Current value: 207.48$

-1.32$

TD U.S. Mid-Cap Growth:

Investment initial value: 100$
Current value: 115.85$

+15.85$

Maritime Life International Equity Fund (Templeton):

Investment initial value: 1 000$
Current value: 654.89$

-345.11$

Manulife Simplicity Growth Portfolio:

Investment initial value: 1 000$
Current value: 926.31$

-73.69$

Maritime Life CI Harbour Seg Fund:

Investment initial value: 1 000$
Current value: 1 097.67$

+97.67$

Maritime Life Fidelity True North Seg Fund:

Investment initial value: 1 000$
Current value: 1 066.40$

+66.40$

Maritime Life Trimark Europlus Seg Fund:

Investment initial value: 1 000$
Current value: 644.05$

-355.95$

RBC Canadian Dividend Fund:

Investment initial value: 500$
Current value: 548.88$

+48.88$

RBC U.S. Mid-Cap Equity Fund C$:

Investment initial value: 2 300$
Current value: 1 995.84$

-304.16$

RBC Global Resources Fund:

Investment initial value: 1 000$
Current value: 1 238.61$

+238.61$

RBC O’Shaughnessy International Equity Fund:

Investment initial value: 1 000$
Current value: 648.67$

-351.33$

RBC O’Shaughnessy All-Canadian Equity Fund:

Investment initial value: 1 100$
Current value: 1 208.58$

+108.58$

Total of gains: +3 618.80$
Total of losses: -1 841.69$
TOTAL: +1 777.11$

OVERALL GAINS: +16 287.08$
OVERALL LOSSES: -8 768.63$
TOTAL: +7 518.45$

Overall, I can say I did well. I invest without the help of any financial planners. but while living in Quebec, I prefer to invest just through my fabulous TD Waterhouse securities as  online future trading brokerage. A gain of 7 518.45$ in one year of Canadian online stock trading? From my point of view, for a small investor like myself, I can say I did pretty well. And 2011 should be even better. But remember 2010 had been an investment year in a recession one. Not easy for anyone, but even harder for smaller investors.

To all of my fellow readers, Quebeckers or not, I wish you a Happy 2011 Trading Year! Health and prosperity to you all. May my blog be helpful to you by sharing my trading experience on the Toronto stock exchange market.

My debt situation on date of January 1, 2011

9 431.36$ at a low interest rate of 4.75% (RRSP credit line rates) = 447.99$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 169$ in annual interest

7 978.32$ on a TD Canada Trust credit card at a low interest rate of 4.9% ending in April 2011 (result of a credit card balance transfer)

= 390.94$ in annual interest

4 911$ at 8.75% (credit line) = 429.71$ in annual interest PAID OFF

7 906.87$ at low interest rate loan at 5.50% (student loan) = 434.88$ in annual interest

10 000$ at 7.27% (credit line rates) = 727$ in annual interest

18 083.63$ at a low interest rates of 4.25% (margin money coming from TD Water house): = 768.55$ in annual interest

TOTAL: 58 300.18$

TOTAL in annual interest: 2 965.36$

[In date of January 1, 2011]

Special New Year Edition: My investment portfolio on date of January 1, 2011

Savings:
2 348.35$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 191.20$
Timminco (TIM): 66$
Blue Note Mining (BNT): 52$
Bank of Nova Scotia (BNS): 17 529.70$
Hanwei Energy Services (HE): 133.50$
Methanex Corporation (MX): 3 115.75$
Fortis (FTS): 3 635.86$
Pembina Pipeline Corporation (PPL):
9 309.60$
Just Energy Income Fund (JE.UN): 11 496.96$
Yellow Media Inc. (YLO): 2 914$
Bell Aliant Regional Communications Income Fund
(BA.UN): 5 223.99$
Pengrowth Energy Trust (PGF.UN): 2 722.14$
Enbridge Income Fund (ENF.UN): 5 792$
Corby Distilleries Limited (CDL.A): 3 399.66$
Davis + Henderson Income Fund (DHF.UN):
3 985.83$
Premium Brands Holdings Corporation (PBH):
2 851.92$
EnCana Corporation (ECA): 5 847.09$
Sprott Physical Silver Trust UTS (PHS.U): 2 814$
iShares S&P/TSX Capped REIT Index (XRE): 727.38$
Horizons Gold Yield Fund (HGY.UN): 2 020$
Cash: 215.53$

TOTAL: 88 044.11$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 946.19$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 898.50$
Dumont Nickel Inc. (DNI): 345$
Cash: 5.59$

TOTAL: 6 195.28$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 773.76$
Claymore Gold Bullion ETF (CGL): 4 316.26$
EnCana Corporation (ECA): 2 909$
Emera Incorporated (EMA): 6 458.10$
Cash: 66.99$

CIBC Dividend Growth Fund: 554.19$
CIBC Emerging Markets Index Fund: 427.11$
CIBC Monthly Income Fund: 1 048.40$

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: 115.42$
TD Monthly Income: 109.13$
TD Emerging Markets: 91.38$
TD Energy: 96.46$
TD Precious Metals: 151.86$
TD Latin American Growth: 106.58$
TD Entertainment and Communications: 122.37$
TD Dividend Growth: 207.48$
TD U.S. Mid-Cap Growth: 115.85$

Maritime Life International Equity Fund
(Templeton): 654.89$
Manulife Simplicity Growth Portfolio: 926.31$
Maritime Life CI Harbour Seg Fund: 1 097.67$
Maritime Life Fidelity True North Seg Fund:
1 066.40$
Maritime Life Trimark Europlus Seg Fund: 644.05$

Great-West – various: 1 751.69$

RBC Canadian Dividend Fund: 548.88$
RBC U.S. Mid-Cap Equity Fund C$: 1 995.84$
RBC Global Resources Fund: 1238.61$
RBC O’Shaughnessy International Equity Fund: 648.67$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 208.58$

GIC Canadian Market: 1 000$

TOTAL: 40 104.87$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(53.35$):

136 785.96$

Bank of Nova Scotia (BNS) stocks + TD Waterhouse margin account = $$$

Today, without any further announcement, I decided to invest in 200 stocks of Bank of Nova Scotia (BNS) using my stock margin account at TD Waterhouse securities. At the time I place my purchase order, BNS stocks were at 57.41$. This investment value, after commission, is of 11 491.99$. I previously talk about trading again before the end of 2010, but I didn't plan something very major, not something of the type of 11 491.99$ which is kind of an important sum of money for a small investor, isn't? My margin account provide me a 70% on the online investment. Which mean that my 11 491.99$ only debit 3 447.60$ from my margin money available. Before that new investment, I had something like close to 40 000$ left in margin money. Now, after making this new investment, I have left available 36 561.82$ in margin money. Actually, the money left available on the margin will vary from commodity day trading to commodity day trading, depending of the value of my non registered stocks portfolio.

I own TD Waterhouse 18 290.66$. I now understand better the minus sign (-) I see in my cash column.

While having a margin account, the money borrow on the stock margin account appear in the cash account as a debit (minus sign meaning this: -). It's practical to have that -18 290.66$ in the cash column because this is the amount that I use on my stock margin account through my online future trading brokerage.

So far, I use my margin money the following way:
-I use 4 985.74$ to pay off my 5 000$ line of credit at 8.75%;
-I use 2 000$ to invest in the gold commodity Horizons Gold Yield Fund (HGY.UN) and,
-just today, I use 11 491.99$ to invest in 200 stocks of Bank of Nova Scotia (BNS).

For a total of 18 477.73$

18 477.73$ is not 18 290.66$. The difference of 187.07$ come from a payment of close to 150$ I made previously on the margin to cover the low interest rate + some left-over coming from dividend DRIP. That's from where the 187.07$ is coming from. But why the Canadian stock Bank of Nova Scotia (BNS)?

Buying stocks on margin: Bank of Nova Scotia (BNS)

I decide to use margin money to invest at a low interest rate despite the fact that I said previously that I was going to only use the margin money to pay off debt at a higher interest rate.

The reason behind my 200 purchase stocks of Bank of Nova Scotia (BNS) is quite simple. Today was the latest day to invest in Bank of Nova Scotia (BNS) in order to received its next dividend payment on January 27, 2011. At that time, I will be receiving 150.43$ in dividend from Bank of Nova Scotia (BNS). This should be enough to bring in 2 new stocks of Bank of Nova Scotia (BNS). I am looking forward to sell the same 200 Canadian dividend paying stocks later on to make a small profit on it. I can easily see Nova Scotia (BNS) stock price hitting soon the 60$ per stock. It will happen eventually. And when it will happen, I will cash in 508$.

So far, doing those kind of flexible investment, buying for the short term was never really my thing. I am recovring from my 4 000$ lost in Timminco (TIM), so I cannot failed. For that reason, I need to be careful. Going with a good quality stock like Bank of Nova Scotia (BNS) preserve me from any failures.

But I have to say, I catch up with my investment mistakes quite quickly. My 7 000$ investment in the Sprott Canadian Equity Fund now worth 7 737$. My 1 626.80$ online investment made in Methanex Corporation (MX) now worth 3 139$ (I am very proud of this one!). My 2680.06$ investment in Fortis (FTS) now worth 3 640$ (not bad at all!). My 2 467.68$ investment made in Yellow Media (YLO) now worth 2 938$ (WOW! lol..). My 2 190.49$ online investment made in the silver commodity Sprott Physical Silver Trust UTS (PHS.U) now worth... 2 715$!

Remember that I had invested 5 000$ in Sprott Inc. (SII) back in 2008? 2009 and 2010 haven't been easy years for Sprott Inc. (SII), but the latest quarter of 2010 had been an exceptional one for Sprott Inc. (SII). I am recovering very well form my losses with Sprott Inc. (SII). Currently, my online investment in Sprott Inc. (SII) worth 4 206.80$. I am just missing less than 800$ to recover. Not bad at all.

Bell Aliant Regional Communications Income Fund (BA.UN) had lost a bit of value, but I wouldn't like to sell my Bell Aliant units for anything in the world. Funny fact, some readers of mine had warmed me that this was going to happen and a very good reader from BC suggested me to sell my Bell Aliant units because of the announcement made regarding the dividend cut. I didn't listen to him, but the advice was good. Because see what's going on now, Bell Aliant Regional Communications Income Fund (BA.UN) is loosing a bit in value.

Today was a fantastic day for the silver commodity Sprott Physical Silver Trust UTS (PHS.U)! Sprott Physical Silver Trust UTS (PHS.U) win an increase of 6.27%. The price of its units now at 13.55$.

Incredible things are happening right now and I just hope that 2011 will be the continuation of all those good things.

200 new stocks of Bank of Nova Scotia (BNS) in my online future trading brokerage

I just purchase 200 stocks of BNS - Bank of Nova Scotia using margin in my online future trading brokerage... 200 stocks at 57.41$. You should do the same before December 30 to get the dividend of January (to be verified of course).

Boxing Day Special Edition!

I went to the Boxing Day today. I took my time to wake up as I stay up late yesterday night, trying to work on some HubPages. I think I will be good to hit the 100 HubPages by the end of the year, but it required a lot of work. I am just missing 16 HubPages before reaching the 100.

Earlier today, I walk down through boulevard St-Laurent and went straight to the Eaton Centre. I arrived pass noon. Some stores where open, other not. I had some prepaid credit card that I got from work. I didn't even use it up. Reason why being that those prepaid credit card, American Express ones, are not being taking everywhere. And also, I didn't spend that much. I had one emergency purchase that I needed: a new purse. The one I had was ok, but I had a problem with the zipper. My purse wasn't closing properly anymore and for a little why I had to be extra careful with it. Anyhow, I won't have that headache anymore as I get a nice big one for less than 25$.

Boxing Day was great. I purchase one of my favorite sweetheart jeans at Old Navy for only 20$. I also purchase some new tops. Gap was ok, but nothing too much interesting. I did Reitmans, Body Shop. And it was it, but certainly enough. It was crack of people downtown Montreal but it was nice. After what I went saw the latest Natalie Portman movie, the Black Swan. Beautiful movie, very fascinating but also very deep, mysterious and crazy at the same time, not to say disturbing. I have no clue Natalie Portman was a ballet dancer. She's an actress, but I guess she could be a full-time ballet dancer if she wanted.

As you may have notice, I am now at 123586.51$ in assets. This represent an increase of 1 117.75$ - without new investment being made. Could I wish for a better Christmas gift than an extra 1 117.75$ in my pocket? No, I don't think so... If not a little cat ;o)

On top of that, I had received a 81.54$ in dividend and I just can't wait to call TD Waterhouse tomorrow to find out what I had received. Very soon, next month or so, I won't have the same problem. It's frustrating to not be able to see my dividend deposit because I cannot update my dividend section of my blog. I love receive dividend. Dividend + earning money online is a nice way to create a passive income. But as for now, my project is to reach the 100 articles on HubPages so got to go!

    (My new purse!)

Special Christmas edition: My investment portfolio on date of December 25, 2010

Savings:
1 592.41$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 082$
Timminco (TIM): 68$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 6 110.77$
Hanwei Energy Services (HE): 118.50$
Methanex Corporation (MX): 3 121.93$
Fortis (FTS): 3 627.30$
Pembina Pipeline Corporation (PPL):
9 408.73$
Just Energy Income Fund (JE.UN): 11 197.44$
Yellow Media Inc. (YLO): 2 956.30$
Bell Aliant Regional Communications Income Fund
(BA.UN): 5 266.20$
Pengrowth Energy Trust (PGF.UN): 2 758.35$
Enbridge Income Fund (ENF.UN): 5 616$
Corby Distilleries Limited (CDL.A): 3 409.76$
Davis + Henderson Income Fund (DHF.UN):
4 086.33$
Premium Brands Holdings Corporation (PBH):
2 866.20$
EnCana Corporation (ECA): 5 833.02$
Sprott Physical Silver Trust UTS (PHS.U): 2 550$
iShares S&P/TSX Capped REIT Index (XRE): 724.68$
Horizons Gold Yield Fund (HGY.UN): 2 000$
Cash: 81.54$

TOTAL: 75 933.05$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 949.42$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 894.92$
Dumont Nickel Inc. (DNI): 316.25$
Cash: 3.27$

TOTAL: 6 163.86$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 517.76$
Claymore Gold Bullion ETF (CGL): 4 225$
EnCana Corporation (ECA): 2 902$
Emera Incorporated (EMA): 6 546.68$
Cash: 66.99$

CIBC Dividend Growth Fund: 552.87$
CIBC Emerging Markets Index Fund: 422.55$
CIBC Monthly Income Fund: 1 046.11$

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: 115.33$
TD Monthly Income: 108.93$
TD Emerging Markets: 90.51$
TD Energy: 95.70$
TD Precious Metals: 147.20$
TD Latin American Growth: 105.18$
TD Entertainment and Communications: 123.03$
TD Dividend Growth: 206.97$
TD U.S. Mid-Cap Growth: 116.41$

Maritime Life International Equity Fund
(Templeton): 657.79$
Manulife Simplicity Growth Portfolio: 924.68$
Maritime Life CI Harbour Seg Fund: 1 096.20$
Maritime Life Fidelity True North Seg Fund:
1 061.95$
Maritime Life Trimark Europlus Seg Fund: 644.05$

Great-West – various: 1 751.69$

RBC Canadian Dividend Fund: 547.31$
RBC U.S. Mid-Cap Equity Fund C$: 2 025.14$
RBC Global Resources Fund: 1 203.20$
RBC O’Shaughnessy International Equity Fund: 648.20$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 206.76$

GIC Canadian Market: 1 000$

TOTAL: 39 809.13$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(48.06$):

123 586.51$

I got an email from TD Waterhouse today

Better be careful on what you say about TD Waterhouse on the WWW because those guys are EVERYWHERE, reading ABSOLUTELY EVERYTHING, including this blog! I am just joking of course, but I did received an email from TD Waterhouse today. They send me an email regarding the complaints I post on my blog, for the margin episode. They also answered my questions regarding the President's Account of TD Waterhouse. And no, I do not qualify at this time for a President's Account at TD Waterhouse. I am just missing a bit less than 300 000$ for a President's Account at TD Waterhouse. Interesting isn't?

Today before going to work, I took a quick look at my broker account and my non-registered portfolio value was at more than 75 800$! I was like whattttttt??? If it could just to straight up to 76 000$ without any new investment, I would be more than happy.

Remember when I said that I was charging 29$ in commission fee from TD Waterhouse following the arrival of my margin account? Well, its seem like that problem is now fix. I called TD Waterhouse - again - yesterday, and now everything is back to normal. I am back to the 9.99$ in commission fee. Wicked. I would like to place another trade before the end of 2010... Like right now, it's really the count down. As you can imagine, I am very tempt to use some of my margin money available to trade even more. I have more than 38 000$ available right now to do whatever I want. A getaway to Cuba whatever else lol. I already use 2 000$ of the margin money available to invest in 200 units of Horizons Gold Yield Fund (HGY.UN). Investing using margin money is very appealing. But in case of a bad luck, or a sudden stock crash, I could be in trouble. In those difficult days, everything can happen. So margin yes, but carefully. I had in mind those buy-and-sell investment ideas on the back of my head. Like you know, purchase a good quality stock and sell it when a 200$ profit is made. When calling so many times TD Waterhouse about my questions on margin, I had been giving the example of TD stocks. So I had that idea to purchase 200 stocks of TD and sell them as soon as a 200$ profit would be made. Risky? Dangerous? Partly yes. But not that dangerous when the trade involve quality stocks. Anyhow, having that 38 000$ available for investment purposes is certainly giving me plenty of new ideas on how I am going to make money in the future. It's not something I plan to do, it's just an idea.

I received today some fresh new cash from my online earnings! I had received 155$. Nothing much, but earnings a couple of pennies on a hubby is great. So far so good, no other HubPages of mine got unpublished... Writing can be so difficult sometimes, especially when English is not your first language. I had many ideas for HubPages, so I should be hitting the 100 articles on HubPages by the end of 2010!

Debt situation: How I plan to save 184.11$ in annual interest money

I am not going to be debt free anytime soon. But I can certainly make things happen to save an extra 167.65$ in interest money! I won't close the door to a 167.65$ saving, even if it's only 167.65$. But saving more than 150$ in interest money is interesting enough - and that's the exact reason for this post - because saving money is interesting right?

Remember my debt situation? 47 221.68 in debt and 2 497.30$ in annual interest money paid on the 47 221.68$ debt? Not that I am looking forward anytime soon to decrease that 47 221.68$ debt of mine, but I am certainly willing to see the amount of the interest money decrease, even just a bit.

How do I plan to proceed? By using up all up 30% of the margin money that I have available at TD Waterhouse.

I currently used 2 000$ of my margin money to participate in the initial public offering of Horizons Gold Yield Fund (HGY.UN). I also use 4 985.74$ to pay off my 8.75% TD Canada Trust line of credit. And now, I am going to use 6096.10$ of the 30% left available to pay on my 10 000$ line of credit at 7.27%!

Here's how my debt situation will look after:

Line of credit: 9 498.17$ at a low interest rate of 4.75% (RRSP credit line rates) = 451.16$ in annual interest

Line of credit: 4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest
7 946.31$ on a TD Canada Trust credit card at a low interest rate of 4.9% ending in April 2011 (result of a credit card balance transfer)
= 389.37$ in annual interest
Student loan: 7 891.46$ a low interest rate loan at 5.50% (student loan rate) = 436.87$ in annual interest
Line of credit: 3 903.90$ at 7.27% (credit line rates) = 283.81$ in annual interest
13 081.84$ at a low interest rates of 4.25% (margin money coming from TD Water house): = 555.98$ in annual interest

TOTAL: 47 221.68$
TOTAL in annual interest: 2 313.19$

Before, the annual interest rate was of 2 497.30$. At 2 313.19$, this allow me to save 184.11$. Little savings are better than no savings at all. Don't you think so?

Margin made complicated at TD Waterhouse

Just before getting started on my debt situation, I would like to say that I am now very close to the 200$ in online earnings. But just now when I start making good money, my 2 latest HubPages got refused. they are both now unpublished as I got to review them. Its quite dramatic because both of them were absolutely perfect, all back of the best keywords Google AdSense program of all time! It's not a funny situation at all, but I find it hilarious because both of those 2 HubPages had been boring to write so I guess it reflect in the overall product, and in result I got ban... I had been working hard on HubPages lately because I want to reach the 100 HubPages before the end of 2010... I had been working and working, but maybe i had been trying to hard. And to tell the true, all of that writing had exhausted me! Just very much funny situation I have to say. I just hope I will be able to reach my 100 HubPages by the end of 2010! I just have a couple of days left and I have to write 24 HubPages articles... But I like the challenge.

Enbridge Income Fund (ENF.UN) dividend are in!

Yes! I call TD Waterhouse again tonight because I had notice I had received something in the cash account... I was told I had received 37.57$ from Enbridge Income Fund (ENF.UN). I just take note of the amount but this amount of 37.57$ is very strange because I usually received around 30$ every month from Enbridge Income Fund (ENF.UN). Anyhow, this situation will be fix, I won't have to call TD Waterhouse and ask them what I had received as dividend very soon. In the next distribution period, everything should be back in order. Which should be for the next month or 2.

I place a test trade to see how it will appear next time I will actually be trading... nothing very strange appears lol... just the cash amount (which is a debit because I start using the margin money) and the amount left on the margin account. But the commission fee that appear was 29$, an not 9.99$. So now I am confuse again. See I am suppose to have the commission fee at 9.99$ per trade because I have more than 50 000$ in my broker account (I actually now have close to 100 000$ alone there right now, before margin of course...). Now, I am wondering if the 29$ commission fee came out because I did the test when the market was closed or if it's going to be my commission fee from now on. Hello complications!

This is just to give you a quick overview of what I am going through since I add margin to my broker account. I am now more miserable than ever before, but I can now borrow money from TD Waterhouse at the cool interest rate of not 4.52% like I was previously wrote, but 4.25%! That's the rate that is advertise on the TD Waterhouse Web site. But I taught I saw 4.52% somewhere before and its the rate I once was giving by a TD Waterhouse representative... 4.25% is better than 4.50% or 4.52% for sure... so I am willing to take the 4.25%... lol... But hey, that's not all.

With a President's Account at TD Waterhouse, the margin is at 3.75% with only $25,000 - $99,999 in investment. I am very curious about the President's Account of TD Waterhouse. I forget to ask what it take to get a President's Account. Just very curious because if we are talking about an investment value of $25, 000 and $99 999 than, the minimum needed appear to be low. Anyhow, the President's Account of TD Waterhouse is something really mysterious and I cannot find anything online regarding the President's Account.

President's Account at TD Waterhouse or not, a 4.25% in interest money is quite good. Remember that I use to pay 8.75% in interest on a 5 000$ line of credit at TD Canada Trust... Now that line of credit had been paid off using my 4.25% margin money.

I also ask the rep of TD Waterhouse about the interest. When the interest are being add to the margin? That's important stuff to know for me because I want to pay off the interest money every month. holding a margin on a broker account is not like a line of credit: you won't received a monthly statement or anything like that requesting a minimum payment. with margin: its a good or no good situation. In my case, I prefer to keep it simple and not use more than 30% of the margin money available. It's impossible for me to follow the market second after second during daytime. Most of the time while working, I will take a quick look at the market a couple of times during the day, but I cannot closely monitor the stock market. Meaning that during daytime, in case of a sudden crash, I won't probably know anything about it. At least not immediately.

When it come to the interest own on my margin, I already deposit a 149.50$ in my margin account (my Quebec provincial tax cheque). This way, I am good for a couple of months. Instead of doing things simply, TD Waterhouse had decided to go complicated when it come to margin interest money. I ask the rep the following question; when does the interest money is getting deposit in the account? And I got the following answer: on the first Friday following the 16th of each month. WOW! That's so complicated as answer. Messy... But wait, that's not all! If the 16th arrived on a Thursday or Friday, the interest money will be deposit on the following Friday... Oh lala TD Waterhouse I love u! Just to keep it simple between you and me, we'll say that the interest money will arrive sometime during the month, certainly after the 16th of each month... LOL...

TD Waterhouse + margin = awful things. I wasn't explain anything when I open the margin account at the TD Waterhouse location at the Eaton Centre. But I wasn't expecting much more better coming from Quebeckers.