Welcome in Firm Capital Mortgage Investment Corporation (FC)!

I did it today, I buy some Firm Capital Mortgage Investment Corporation (FC) stocks for about 500$. My non-registered portfolio fly to the 105 883.13$! That’s very good compare to the update of September 30 when I was very closed to the 102k for my non-registered portfolio. And now, I am closed to the 106k. I am just hoping the gains will remain. If Europe find a decent resolution for their financial problems and announced something very constructive, well, it could happen that the gains stay for real.

And talking about gains, seem like Eric Sprott is looking forward to make some huge interesting gains! The following really make me laugh because while working in Montreal at my evening job in a call center, there was that guy and we used to chat a lot between calls and it was absolutely hilarious. The joke was about to start our own bank. That guy was very knowledgeable in everything related to finances. Actually, we were both doing the same thing: we were working the night shift to do what we wanted during daytime. We chat a lot about the stock market related stuff and it was all interesting. And following those discussions, the guy was saying that we were going to start our own bank and I could laugh hard and awake anyone who was sleeping in the room. Yeah!

So what’s the point with Eric Sprott? Well, Eric Sprott and the Sprott Asset Management are actually trying to form their own bank. And no, it’s not a joke. Read it here.

Another interesting thing is Kinross Gold Corp (K). The company announced they could possibly triple their gold production in Russia. This is a good news and it could eventually result in my portfolio. Oh lala. A lotttttttt of cashhhhhhhhhhhh. Got to love me.

The Globe and Mail Canadian newspaper: pusher of Brian Mulroney

The Globe and Mail is a good newspaper to get some news from, but when it comes to the ethic side, the Globe and Mail totally suck. I read the online free version of the Globe and Mail newspaper on a regular basis for information regarding the stock market. It’s a source that I need to consult. However, if the equivalent of the Globe and Mail would be existing, I would be consulting that other first.

My first disgust of the Globe and Mail came from Larry MacDonald. That happens certainly a couple of months ago. Larry MacDonald approached me to be from his Me and my Money chronicle. I was very happy of that of course. He sent me a couple of questions that I need to answer. I replied back with the answers. Following what, he asked for my real name and a picture. I of course totally disagree. I don’t need to see my pretty face AND my name of the Globe and Mail to know that I have it. I am not in need of gratification what so ever. I know who I am, I know where I came from and I know what I am doing. That should be enough to appear in the Globe and Mail, don’t you think so?

I refused to provide my real name to Larry MacDonald and I refused a picture. Do I provide my real name on my blog? Are you seeing a picture of myself here somewhere? Larry MacDonald wasn’t intelligent enough to figure this out by himself. After my reply, he said he could do it without the picture, but a real name needed to be provided, it was requested by the editor.

I think that request is a direct proof of non-sense and complete irresponsibility coming from the Globe and Mail. Blogging anonymously is a right and I wanted my right to remain. For the quantity of information I provided, going on publicly wouldn’t be the greatest move.

Retarded Globe and Mail. Basically, Larry MacDonald makes me lose my time. And I hate individuals like himself who think they have the right to control me, that think they are so important that they are in right to ask me for stuff. Like F. That was for the part regarding and the Globe and Mail and Larry MacDonald.

A Quebecker, liar, criminal, a shame for the Canadian country, that’s who’s Brian Mulroney. Brian Mulroney had been involved in the Airbus scandal, it seemed like the editor of the Globe and Mail had forgotten about it. While being Prime Minister, Brian Mulroney had earned 300 000$ illegally by promoting Airbus purchases among the Conservative government. Brian Mulroney is the perfect example of the corruptible Quebecker. Cheater, liar.

Us Canadians, we are currently being managed by a Conservative government and it shows in the poor quality of the Globe and Mail articles.

In an article of Tu Thanh Ha “This is no time to give up on the U.S., Mulroney says”, published on October 13, 2011 in the Globe and Mail, the author of the article mention Brian Mulroney as a credible source of information: “Canada has a privileged relationship with the United States that shouldn't be squandered, even at a time when U.S. world leadership is waning and new superpowers are emerging, Brian Mulroney says.”

Following the Airbus scandal, Brian Mulroney does not constitute in a credible source of information and I strongly believe that the Federal Conservative government is extending his power to every single medias to promote in every kind of ways the members of its party.

300 000$ take a lifetime to get in savings. But Brian Mulroney touches that kind of money illegally while being Canada Prime Minister. Is it being socially accepted these days for a politician to be a cheater and a criminal? Unfortunately, the Globe and Mail is responding yes to that question by referring to Brian Mulroney in its article.

Brian Mulroney is a complete idiot. He shouldn’t be recognize and certainly doesn’t deserve any sort of public recognition.

This is an example among other.

In Canada, criminals like Brian Mulroney shouldn't get any press coverage, shouldn't get any public recognition.

This is giving you a sense of what kind of newspaper is the Globe and Mail.

Better days for EnCana Corporation (ECA)?

Back in August 2010, I had invested in EnCana Corporation (ECA). Since August 2010, there have been some ups and downs for EnCana. For me, EnCana was the investment that was going to bring in a plus value on the long run. I wanted to see ECA value double but it never did. At least so far. Prior to April 2009, ECA stocks worth more than 50$ per share. My goal was to see ECA gain value very quickly, but those types of gains barely ever happen overnight.

But recently, an interesting article about EnCana appears in the Globe and Mail. ECA plan to triple its gas production. In the current economic situation, I don’t know if it will be enough for EnCana to hit back its old 50$ per share. But no matter what, some interesting developments are on their way, which is good for the long run.

I did not buy my ECA stocks when they were at 50$, but I bought the ones that are from my non-registered portfolio when they were around 30$. I am currently experiencing a loss of 1 800$ with ECA since the share price hit in the 20$. It’s quite a massive and very frustrating lost. I won’t be investing in more ECA stocks, but with the recent development, I will certainly hold to what I have.

It’s been quite difficult to see ECA going down to the 20$. I hope the future will be better for ECA. Susan Brunner recently wrote about EnCana Corporation (ECA).

My next investment: Firm Capital Mortgage Investment Corporation (FC)

My non-registered portfolio closed last Friday session at 104 515$. Some interesting dividend had kick in recently also. I am also looking forward to make my next investment this week. After going through an article of Gordon Pape, I decided to invest in one of his proposals, Firm Capital Mortgage Investment Corporation (FC). The dividend yield is of a very good 7.464%, 1.01$ per share annually.

I decided to pick Firm Capital Mortgage Investment Corporation (FC) to add up to my dividend income. Currently, without adding any special dividend distribution, my annual dividend income is of 6 500$. I am trying to find a balance between picking good quality blue chips and a good dividend yield. Blue chips yes, but most of them pay very little in dividend and can be very boring to hold. So adding up some stuff like Firm Capital Mortgage Investment Corporation (FC) can help to provide diversification and a good dividend yield as well.

I had taught of adding some ENB, BA and VE in my portfolio, but for this upcoming investment, I have something between 500$ to 600$ to invest. FC stocks are cheap, and since I just had 500$-600$ to invest, I was looking for something of the price range of FC. FC closed last Friday session at a bit more than 12$ per share. This makes Firm Capital Mortgage Investment Corporation (FR) an affordable investment and top of all that, the chart is very good.

The advantage of being fully invested while being a retail investor middle class type of

There you go! Today, what I taught wouldn’t happen again actually happen, the TSX hit and even exceed the 12 000 points. The effect on my non-registered portfolio? Absolutely spectacular! My non-registered portfolio close today session at a very great 104 177.01$. That’s my market value. My book value is of 113 277$. I am still at a -9 099.99$ behind. However, I find this quite good. At least, I didn’t lost more money and under the 10k mark, it’s really not that bad.

And it’s exactly the reason why I decided to move forward with my investment projects. Paying off debt is good for people who don’t know what to do with their money. Remaining high quality stocks focus is what’s going to help me to cover up that 9k lost, not paying off debt.

This is a problem that is specific to my own personal financial situation. Being fully invested brings in multiple challenges. And recovering from August 2011 latest stock crash is something that is among the challenges I am facing. So while being fully invested, I decided to continue just like before.

Luckily, the TSX will gain again shortly more points and when it happen, I will be hitting the old 113 277$ stocks value. Imagine that: 113 277$ worth in stocks! Yeahhhh

No matter how excited I am, the TSX remains extremely volatile. The smartest of all like Jean-François Tardif are not fully invested. Tardif himself is 30% invested and I am 100%. So why that? What’s that wrong with me? Nothing that much, just that the middle class retail investor that I am was willing to hit the jack pot. That’s really just all. While facing a 9k lost in my portfolio, there’s no way out for me. By staying in the stock market, by remaining fully invested by keeping investing whenever I have a chance, I significantly increase my chances to recover from that 9k lost that I currently experimenting in my portfolio.

It’s too late for me but for a fresh starter, it could worth it to be sensible to the fact Jean-François Tardif is invested at 30% of his full potential. Because while having million in cash, it’s better not to play with richness. But while being poor middle class, I think the best way to go is to remain in the market because anyway, I don’t have millions, I am only playing on a getting closer 200k portfolio. Fun? Kind of, but it’s certainly interesting. Just go get what you want.

From Dividend Girl to hunting babe: how I spent my Thanksgiving Day

My father had been a hunter for many years and on Thanksgiving Day, we went hunting a bird we commonly name in French "perdrix". That will be in English I believe partridges hunting. We also seek for deers, but that type of hunting is much more difficult. As you can see Thanksgiving Day was a beautiful day here in New Brunswick:

We ride in those type of trails in the wood for several hours, hunting for partridges. We got one partridge :0)

Those are deer traces. That's all we saw from deers that day. We only saw their traces.

This is salt for the deers.

Beautiful blue sky isn't?

I knew you were about to just LOVE New Brunswick and me the new hunting babe.

Happy Thanksgiving

The week passed by too quickly. I had been quite busy at work, so no matter how bad the market was doing, I just wasn’t there. My margin account situation is still stable, no margin called yet. I had give a call to TD Waterhouse to provide my work number as secondary number. I no longer have a cell phone. So in case of a margin call, the TD margin guy will call me directly at work. Lovely.

Here in New Brunswick, I cannot use Chatr Wireless. I had a prepaid service with Chatr Wireless, which is a Rogers Communication company. I like Chatr. I had a cheap unlimited plan. But knowing that winter is coming and I am going to be driving all winter long, it could be a good thing to have a cell phone. It’s something I am thinking of at this time.

My portfolio situation had remained stable despite having the TSX acting completely crazy. My non-registered portfolio closed today session at more than 100k, actually quite similar to my latest portfolio update in date of September 30. I had received a good pay cheque, but I wasn’t able to use any of the money for investment purposes. I had a 1 800$ credit card balance to pay, so each and single pennies went on the credit card. I am ready for a fresh start as my expenses are going to be much more stable now that all set with my moving and stuff.

My latest investment in Canadian National Railway Co (CNR) had performed very well and at this time, the only thing I want is just to invest more... at more than 85k in debt, the only think that keep going in my mind is to invest more, despite all the blabla I wrote about paying off debt.

My investment experience in 2008 following my first ever stock crash had been quite rewarding. And despite having more in debt that I could even believe, I still think that investing is the way to go. I keep blogging pretty much the same thing over and over again. This could be a major failure of my part to hold that much debt, but the temptation to invest and live again the same rewarding thing of the after 2008, well, that’s quite huge. I don’t want to pay my debt, I want to increase my portfolio, margin account value and dividend earnings all in one.

Canadian National Railway Co (CNR) had been a spectacular pick. I had invested in CNR when the stock price was a bit more than 65$... and CNR stock value is now at 72$ and some cents. And it’s not because I am a good stock picker. It’s only because I am an adventurous stock picker. The reason I like to invest in different companies and different sectors is that I have a true feeling that it’s how I am able to take the stock market at my advantage.

After reading, looking at the market ups and downs, after listening to Jean-François Tardif latest interview, well, I still think that the market offer good opportunities at this time. The only thing is that I cannot invest the same way I was investing before. I cannot remain exclusively dividend focus. Actually, it’s now better to just forget about the dividend and concentrate at picking good quality blue chips that will increase in value overtime to bring more stability in my portfolio in term of value. That could sound easy, but picking up the best for my portfolio is not easy.

I already own some very good quality stocks with stuff like TRP, CNR, FTS, X, PPL, ENF just to name those few. The only problem being that I need to bring other good stuff in. So what am I going to bring in to my already good portfolio? :0) Well, I taught about adding a few things:

Veresen Inc. (VSN), Bell Aliant Inc. (BA) and Enbridge (ENB). I talked several times as Enbridge (ENB) as new investment and I think it will be the perfect investment to add in at this time because of its so perfect chart.

I already own a lot of pipeline stocks at this time. But right now, I really need to add blue chips in and Enbridge (ENB) will be able to bring in what I need. It’s just unfortunate Enbridge doesn’t pay more in dividend. But hey, I am no longer dividend focus am I.

TD Canada Trust best offer for TD Visa credit card balance transfer: 2.9% interest rate!

I am tightly holding behind me a massive 85k+ in debt so when I learned about this today, I was really happy. I currently had an 8 000$ with TD Visa at the special interest rate of 4.9% resulting from a credit card balance transfer.

I call today TD Visa because I couldn’t find where I had put the expiration date for my latest transfer. So that’s how I learn the great news. My current credit card balance transfer is about to end on October 26. I always do it in advance. So I just call RBC Visa to get 5 000$ transfer from TD Visa to RBC Visa. The transfer will take between 2 to 3 business days to be complete. In the meantime, RBC Visa interest rate is something like 19%+. So my 5k will be at 19% for 2-3 days. It usually go pretty quick. I will watch my RBC Visa tomorrow and if doesn’t happen tomorrow, it will be good I guess for Friday. I don’t mind paying 19% if it’s just for a couple of days.

I had before a 10 000$ limit with RBC Visa, but not anymore since I now have a credit line of 10 000$ with them. My RBC Visa had been reduced to 5 000$ ONLY. Which suck of course when it comes to credit card balance transfer. I complete a first credit card balance transfer with RBC Visa.

Following what, I call the folks at CIBC Visa. I explain what I wanted to do, a 3 000$ credit card balance transfer from TD Visa to CIBC Visa. But at CIBC Visa, the delay can be of up to 5 weeks. And their interest rate for cash advance there is even higher, something like 21% if I am not mistaking. Can you imagine waiting up to 5 weeks for a credit card balance transfer. It’s totally unacceptable CIBC Visa!

My other credit cards are not Visa, so it’s not working for credit card balance transfer.

When doing a credit card balance transfer, to keep it simple, I suggest to proceed from Visa-to-Visa only because I once was told that there’s an extra fee when you proceed from Mastercard-to-Visa or vice versa.

I am now a specialist of credit card balance transfer. Over the years, I received many credit card balance offer from CIBC Visa, TD Visa and also RBC Visa. I love it and each time, I like to benefit of the low interest rate.

One major thing you need to know about credit card balance transfer is: keep your account in good standard. Don’t exceed the balance authorize and ALWAYS make your minimum payment on time. If not, it could result in the cancellation of the special low interest rate. Which mean you could go from a super low 2.9% to a super high 19%. And you certainly don’t want that to happen.

So I proceed with a 5 000$ transfer today from TD Visa to RBC Visa. Once the amount appears in my RBC Visa, dring dring, I call again TD Visa and make the transfer from RBC Visa to TD Visa. Once the amount go back on the TD Visa, I call RBC Visa to complete the last 3 000$ left. This meaning I will after transfer 3 000$ from my TD Visa to RBC Visa and again, wait for the transfer to be completed. Once completed, I call again dring dring dring TD Visa, hello TD, please transfer 3 000$ from my RBC Visa to you guys!

Sound complicated? It’s truly not.

While doing credit card balance transfer, it’s easier to proceed simply over the phone because TD Visa doesn’t have at this time – at least I didn’t receive – promotional TD Visa cheque at 2.9% for 6 months.

I under process for 5 000$. After it will be for 3 000$ and in 6 months, I will be doing the same thing all over again... youhou.......

I LOVE CREDIT CARD BALANCE TRANSFER!

TD Visa has the stuff you need!

TSX roller coaster ride

These days, seem like investors are going through the same things over and over again: stock crash after stock crash after stock crash. So yesterday, hearing about Jean-François Tardif, well, it was a nice way to sheer up the little retail investors like myself who are fully invested. Anyway, today was absolutely crazy. Time is flying by, and during that time, a lot of stuff is happening on the market.

Take today for example. Just like usual, I took a quick sneak at the stock market while being at work. Oh the terrible me! In the morning, I saw that massive lost. Nothing unusual. Really not. The day passed by, 4pm, hit back home, log in to my laptop, check out my portfolio. Nothing had been sell under the pressure of a margin call or a margin call with no call lol... I do care about my portfolio however but going under this crisis day after day after day. It’s really terrible and it’s 10 times harder that what I had gone through following the 2008 stock crash.

This time is harder because my portfolio is larger and that margin thing of mine is not helping in any way. To end this on a positive note, the TSX gain some points in the late afternoon and again, I taught, no one of TD is going to call me today. Not today.

For Jean-François Tardif, former hedge fund manager: cash is king

This is quite huge. Who could know? In those difficult times, Jean-François Tardif, ex super star hedge fund manager is holding 70% of his portfolio in cold cash! Jean-François Tardif the master of the TSX himself is only holding 30% of his portfolio in stocks and bonds. JUST 30%. Read it here.

AHHHHHHHHHHHHH

I am following Jean-François Tardif like no one else out there. See, it happen that the guy is quite mysterious but even there, he managed do some comebacks from time to time, a Jean-François Tardif fresh band news pop up. And of course, I am reading it all. And this time, Jean-François Tardif is getting back to the basic of investment: cash. Jean-François Tardif is not investing in silver, not even in gold.

So seem like my decision to pay off debt until the end of 2011 is a good decision after all. Don’t you think so?

I am a f genius. LOL.

Oh, and by the way, Jean-François Tardif also said that a 5-6% will be the average portfolio return in the next couple of years. A 5-6% per year. Not 7. Not 8. Not 9. Just a tiny little 5 to 6%.

INCREDIBLE.

At this time, I think I will just leave my portfolio the way it is and pay on my massive debt because gees, Jean-François Tardif himself has more than 70% of his portfolio in CASH. We got this incredible chance, us, retail investors, to know what’s going on with Jean-François Tardif. The millionaire is holding not stock, but cash!!!! We have to take that in huge consideration.

At this time, the best thing I can for my little self is to pay off some debt. That’s what I will be doing in the next couple of weeks.

I am extremely happy to have discovered this today. Because in case you didn’t know, here at the Dividend Girl blog, we’re HUGE fan of Jean-François Tardif and the fact that Jean-François is a Quebecker doesn’t change anything in that.

LOL.

I know I know... I SO BAD AND SO BLESS at the same time.

I am happy to see Jean-François Tardif off the market a little because being in it, being fully invested is really not easy at this time. I am able to go through this because I am now at home in New Brunswick, I am not getting here the stress of the city. Here, I can live my market stress by looking at trees of my backyard.

I don’t know how things will turn out but I know for sure that getting a view from Jean-François Tardif himself is kind of a release. I don’t think he would have appreciated managing an hedge fund in those market conditions. Got to admire the man if you’re not stupid 100% fully invested (which I am unfortunately am).