My deb situation on date of March 13, 2012

8 232.30$ at a low interest rate of 4.75% (RRSP credit line rates) = 391.03$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest

7 735.29$ on a credit card at a low interest rate of 2.9% (result of a credit card balance transfer) = 224.32$ in annual interest

6 924.05$ at low interest rate loan at 5.50% (student loan) = 380.82$ in annual interest

5 000$ at 8.75% (credit line) = 437.50$ in annual interest PAID OFF

6 296.88$ at 7.52% (credit line rates) = 473.53$ in annual interest

54 331.42$ at a low interest rates of 4.25% (margin money coming from my broker account): =
2 309.09$ in annual interest

935.41$ at 0.99% for a year (with American Express) = 9.26$ 

TOTAL: 89 354.85$

TOTAL in annual interest: 3 984.05$
[In date of March 13, 2012]

My investment portfolio review

Over the years, I have accumulated new investments after new investments, whenever I could. Among the way, I certainly made some mistakes, but I also invested in some very good high quality stocks. I wanted to post a review of my very good, so-so and not recommended stocks. You could be tempted to think that everything I hold is extra good, but it’s not exactly the case.

So there you go, here’s the ranking (they are not post in term of preference, just in term of good investments, so-so ones and the I-don’t-recommend):

The very good investments that I would recommend to anyone

K-Bro Linen Inc. (KBL)
Westshore Terminals Invest Corp (WTE.UN)
WesternOne Equity Income Fund (WEQ.UN)
Atlantic Power Corp (ATP)
First Majestic Silver Corp (FR)
TransCanada Corp (TRP)
Canadian National Railway Co (CNR)
Firm Capital Mortgage Investment Corporation (FC)
Sprott Strategic Fixed Income Fund (SFI.UN)
Enbridge Inc. (ENB)
Agrium Inc. (AGU)
Canadian Utilities Limited (CU)
Veresen Inc. (VSN)
Bank of Nova Scotia (BNS)
Methanex Corporation (MX)
Fortis Inc. (FTS)
Pembina Pipeline Corporation (PPL)
Just Energy Group Inc. (JE)
Pengrowth Energy Corporation (PGF)
Enbridge Income Fund Holdings Inc. (ENF)
Corby Distilleries Limited (CDL.A)
Davis + Henderson Corporation (DH)
Premium Brands Holdings Corporation (PBH)
EnerCare Inc. (ECI)
Dumont Nickel Inc. (DNI)
iShares S&P/TSX Capped REIT Index (XRE)
Horizons Gold Yield Fund (HGY.UN)
Canfor Pulp Products Inc. (CFX)
Exchange Income Corporation (EIF)
Student Transportation (STB)
TMX Group Inc. (X)
Claymore Gold Bullion ETF (CGL)
Emera Incorporated (EMA)

The so-so investments


Sprott Inc. (SII)
RBC Canadian Dividend Fund
RBC U.S. Mid-Cap Equity Fund C$
RBC Global Resources Fund
RBC O'Shaughnessy All-Canadian Equity Fund
RBC Global Precious Metals Fund
CIBC Dividend Growth Fund
CIBC Emerging Markets Index Fund
CIBC Monthly Income Fund
Sprott Canadian Equity Fund
Sprott Physical Silver Trust ET (PSLV)
Sprott Physical Silver Trust UTS (PHS.U)
Energy and Base Metals Term Savings (Indexed term savings)
Natural Resources Term Savings (Indexed term savings)
GIC National Bank
GIC Plus TD

The investments I hold that don’t worth to be hold

Data Group Inc. (DGI)
RBC O'Shaughnessy International Equity Fund
Timminco (TIM)
Blue Note Mining (BNT)
Hanwei Energy Services (HE)
EnCana Corporation (ECA)
New Flyer Industries Inc. (NFI)
Rogers Sugar Inc. (RSI)
Colabor Group Inc. (GCL)
Maritime Life International Equity Fund (Templeton)
Manulife Simplicity Growth Portfolio
Maritime Life CI Harbour Seg Fund
Maritime Life Fidelity True North Seg Fund
Manulife GIF MLIA B World Invest
Kinross Gold Corp (K)

DNI Metals Inc. (DNI) is experiencing massive grow

2011 had been a great year for DNI Metals Inc. (DNI), but it looks like 2012 is going to be even better. In 2012, DNI has joined the TSX Venture 50. Since 2009, my investment value in DNI almost triple. 2009 and 2010 were death years, I was holding, but the investment remains at the same point, without experiencing any grow. Things began to change in 2011.

So far, 2012 had been an excellent year for DNI. The 52 week high is of 0.74$. And with the recent developments, DNI Metals Inc. (DNI) is on good track to experiment even more grows. At this time, it’s not a good timing to sell. I always hold DNI thinking that could eventually cash big on the company, for whatever reason.

Nickel is not gold or silver, it doesn’t have the same value, it is not a precious metal. However, it’s a metal. As emerging countries “emerge” even more lol... the demand for metals, including nickels, increased and that make nickel worth something, not as much as gold or silver, but still, it worth something. And nickel certainly worth something because as you know, I almost triple my investment in DNI Metals Inc. (DNI).

On March 1th, DNI Metals Inc. (DNI) announced it has discovered “rare earth elements” and had come out with some statistical results and so on. And really, it gave me a good impression.

I am quite happy with my decision to hold at this time.

$$$

Welcome in my stock investment portfolio Chorus Aviation Inc. (CHR.B)!

I didn’t perform day trading on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) today. It’s not anytime soon that I will be winning the day trading game. At this point, the hot stock market is all upside down. Performing some trades in the hope to sell on the exact same day is a real bad idea. It barely made any sense at all. However, I did proceed with 2 investment moves today in my personal investment portfolio: Chorus Aviation Inc. (CHR.B) and First Majestic Silver Corp (FR).

A reader had introduced me to Chorus Aviation Inc. (CHR.B) a little while back. It caught my attention again today while gaining close to 5%, closing the session at 3.35$. Chorus Aviation Inc. (CHR.B) had reported a good financial situation for 2011. It’s partly why I decided to invest in CHR.B. Also, Chorus Aviation Inc. (CHR.B) is based in Halifax it’s a Maritime stock. I invested about 500$ on this one, not more. I wouldn’t feel comfortable investing more. The title is a bit volatile, but at 3.35$, I didn’t have anything to lose. CHR.B pays a quarterly dividend. Its dividend yield is of 18.692%, 0.60$ annually per share. This makes me kind of remember Yellow Media Inc. (YLO), low stock price, super value dividend stocks. However, CHR.B is in much better shape than YLO. I wouldn’t recommend to anyone to invest thousands of dollars in CHR.B, but just a 500$, it’s cool, you can certainly go ahead with a cutty 500$ investment, but not more. I plan to keep CHR.B in my personal investment portfolio.

Also today... ok, I must admit I did try to perform day trading tactics today, but not on HZD, on one of my favorite of all time: First Majestic Silver Corp (FR). I invested in a few shares at 18.40$, I was hoping for FR to hit the 19$ today... but as the hours passed by, I was getting tired, so I just entered an automatic sell order at 19$, and that was it. Following what, I will be done with day trading. But this time, it’s for real. I did say before that I wouldn’t be performing day trading again... and today well, I went back to it. It’s a real good thing that I didn’t invest in HZD today because I think FR is a better short-term investment company choice than HZD. Anyway, this was the real last day trading move like ever.

If the bankers can have good words for the global market conditions tomorrow, the TSX could gain points and I may be able to sell my FR at 19$ and, why not, 20$ per stock... Why not. I want this done and completed.

Eric Sprott among Canada’s top 25 billionaires

Forbes publishes its annual richest of the richest list and Eric Sprott of Sprott Inc. (SII) ex-CEO, the silver promoter guy, the one and only, is on the 17th position within Canada, and classified 1 075 worldwide.

Not too bad! Now, wait and see what will happen when Sprott of the Sprott Asset Management will finally launch his banking project.

Meet Reiko Mackenzie of The Real Housewives of Vancouver

Reiko Mackenzie is a Japanese-Canadian lady who had been selected to be part of the Real Housewives of Vancouver. The other jet-setting women are Christina Kiesel, Jody Claman, Mary Zilba, and Ronnie Seterdahl Negus.

The Real Housewives of Vancouver is the Canadian edition of the US hit TV reality show The Real Housewives. The popular TV show had followed the luxury housewives of several cities. Other than The Real Housewives of Vancouver, we find the Real Housewives of: Orange County, New York City, Atlanta, New Jersey, Beverly Hills and Miami.

She graduated from the University of British Columbia. She wanted to become a lawyer, but decided to focus on her family after she welcomed her first daughter.

She’s married to Sun Mackenzie, who has a criminal gangland murder trial and court history. In 2000, Sun Mackenzie, from his real name Sun News Lal filled legal papers to change his name for Sun Mackenzie. Reiko Mackenzie’s husband was considered a suspect in the 1994 murders of Jim and Ron Dosanjh, victims of a turf war between rival factions of a drug gang. Sun Mackenzie was acquitted of murder. In July 1998, Sun Mackenzie’s half-brother, Vinuse News MacKenzie, 27, was killed with a gunshot to the head. Two decades following the sad events, Reiko Mackenzie and Sun Mackenzie focus on their family. Reiko Mackenzie is the mother of two daughters.

Together, the couple owns a mansion valued at $3.5 million. Sun Mackenzie is a professional day trader.

With her husband, she owns nine luxury cars, including a Ferraris 599 GTO and 458 Italia valued together at $1 million.

.

Reiko Mackenzie likes to spend spare time studying mixed martial arts.

On how to make a few bucks by day trading Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

I had experimented day trading back in the summer of 2011 and I had lost about 1k with that experience because I freak out. For the first of my life, the market controlled me. I had lost control. I am certainly not proud about that but I wrote about this adventure anyway. I had catched up with a couple of other great move nicely and of course, I wrote about those too. Like I am not all that bad at all. If I would be very bad at investing, I would have stopped way back. But no matter what, it always went well. Fact that the value of my portfolio is down right now doesn’t affect me that much.

The timing is like perfect to perform day trading on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)!

YEAH!

The stock market is down right now and it come remain to the same level if not go even DEEPER. It’s in time like those that it’s time to perform day trading on silver. Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) + a down market is the PERFECT combination.

How to perform day trading on Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)?

First, before the TSX opens, go check on Bloomberg.com what happen during the night for the Asian markets. It will give you a pulse of what’s going on. If those Asian indexes are down, chances are that our fantastic TSX will be down too. If it’s the case (Asian indexes are down), make sure you are in front of your computer for the market opening.

Secondly, watch the opening. Watch the TSX: is it up or down? If it’s down, go straight and check on HZD immediately. The market is very down and HZD is already exploding? Well, if it’s the case PLACE a small BUY order (just a few shares for the heck of it and get what I like to name as being a market buzz), but be careful, double check the buy order before submitting for real ok?

Following the BUY order, check out on HZD, see how the title goes, try to figure out the profit you want to make. Quickly set-up an automatic SELL order. You may have to adjust the amount of profit depending on how HZD goes during the day. You want to cancel the automatic sell order and enter a new amount? You can, but be careful. CANCEL, and after what, go in your account activity to check if the order go through, just to make sure. No order went through? Perfect! Just go back in, set-up a new automatic sell order for the amount wanted.

During the whole process, you need to be quick, efficient and extremely careful, specifically while entering the order. Also, I wouldn’t recommend to trade more than 1k at a time. Day trading isn’t made to make a living out of it... it’s just to get a MARKET BUZZ.

March 6, 2012 to be remembered as a Black Tuesday

I don’t know why the medias stress so much about the facts that in the US today, 10 States had voted for their Republican candidate. Who care about Republicans anyway? How can Americans vote for the Republican following the events of 2008? Republican is a party of shame. Back off Republicans! The best thing Americans can do to save their souls and the rest of the world at the same time is to vote massively for Barack Obama. There’s like no twenty options available.

My non-registered portfolio closed at a bit more than 119k. Tooo bad. I taught a solution had been found for Greece problems, but it seem like it’s not exactly the case. It’s so complicated!! However, I have faith things will get better. There’s way too much involved. There’re too many banker pigs involved. Lol. Pigs and bankers are definitively two things that just match like magic. Angela the German is like wearing all the weight of the Euro debt on her back basically... She’s so fascinating.

The market is really extra sensible to the Euro situation. Not too long ago, we had good jobs data coming from the US, things had improved a lot over there... but as soon as a bad news is being announced for Europe... watch out...

Those volatile times can be good for something I had experimented during the summer of 2011: day trading. Most of the time, when the stock market take a big hit like today, silver goes down. PHS.U, and other mining silver stocks react, most of the time, really negatively. Silver is sensible to what’s going on with the stock market.

Stuff like PHS.U and FR loss in value today, but as always, Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) reacts exactly the opposite way. And to tell you the true, the temptation is like way to high at this time for me to perform day trading on HZD. Greece won’t resolve all the problems overnight. We could be on a down market for a little while. The occasion is like way too much perfect to take advantage of the super high volatility of the market. Problem being, super high volatility = super high risk too. But the risk is calculated. Even without having Greece in the portrait, the stock market there’s always a lot of volatility we have to deal with. So my investment in HZD could always go up on a later date. And we’re not talking here about several thousands of dollars that I will be playing with, just a 1 000$, very big max. If I cannot sell at profit on the same day, I will be just holding, place an automatic sell order for X value per share... Fact is, I have all figured it out already!

Day traders, be ready for Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). On a day like today, on which the TSX lost more than 200 points, HZD gain like 6%... And knowing that all this is due to Greece... And Greece won’t resolve its debt problem by tomorrow... TEMPTATION, TEMPTATION OF DAY TRADING AGAIN IS LIKE RIGHT HERE! ohhhhhh noooooooooooo!

LOL :)

Yeah yeah! So we’ll see how it goes, but I have a fatal attraction for HZD at this time... It’s going to be fun, I promise.

Tips and tricks on how to manage a TFSA contribution while dealing with a margin account

The TSX losses close to 80 points yesterday. Despite all, my non-registered portfolio closed Friday session at a quite good 122 328$, exceeding the 120k by a 2 thousands, so I am happy.

I incorporated a margin into my non-registered account in somewhere in December 2011. At first, the plan was to use the margin money generated by the daily value of my holding to pay off some credit lines. I did so, but while having access to more than 50k of cold cash, I couldn’t resist the temptation. The money was there available for me and I could whatever I wanted with it. I don’t have an expensive taste for almost anything, but when it comes to investment, I do have an expensive taste and since I enjoy investing, having access to a 50k was just a too rough temptation. So I did what I shouldn’t do, I invest on money that isn’t mine.

February 29 was the last day to contribute to a RRSP. I usually make a RRSP contribution every single year but this year, I didn’t have anything ready and when I learned that taxes needed to be paid at the time of the withdraw, even as being a senior citizen, I mean, I certainly found it was a complete government ripped off. It’s not the government who’s going to make me lose my paints.

I have more than 16k in contribution room available for my TFSA. While having a margin account, it’s very hard to fully take advantage of the TFSA. It’s all depends of course of the money you dispose to invest. Currently, I am only working at one job, and my salary is not very good. While dealing with a mix of factor, it can be quite tricky to make a TFSA contribution. However, I found my way out. I am going to teach you how you can take advantage of the TFSA even while having a margin account situation.

Having a margin account can be challenging. Investing real cold cash is already challenging enough, so imagine doing it with a margin account, with money that is borrow, money that is not really yours! I did what. I assume my position; I can say however I enjoyed the flexibility my margin provides. It allows me to pay off some debt. It also allows me to make new stocks acquisition. From December 2011 to today, I haven’t deal with any problems related to my margin account. However, I am totally aware of the risks. Problems can occur.

The margin account value varies on a daily trading basis. If your portfolio gains in value, the margin account will gain in value too. But if your stock loss value, your margin account will simply follow the flow. If your investment value loses so much, you could be on a margin call and could be requested to apply some cold cash in the margin account to equilibrate the whole thing. Brokers are not making you any favor by giving you access to a margin account. It’s all business, they are there to make money and fully take advantage of retail investors like you and I. But it’s possible to make things happen. What you need to know to start with is that a margin account can be another source of stress, on top of the natural volatility of the market. While having a margin account, you need to have a big deal of high quality stocks to be able to survive the market volatility and go without a margin call. I am not exactly writing for or against a margin account situation, it’s a choice you have to make for yourself knowing the present factors. But what I am here for is to explain that even that while dealing with a margin account, you can still invest in a TFSA without too much trouble. It’s just a matter of how you are dealing with your money and of course, I am here to explain it all, one more time.

I guess you really want to know what’s the magic TFSA trick is all about right? Well, the hot stuff is coming.

The following is really easy to understand. While investing, let say 2k in Sprott Inc., that investment doesn’t worth 2k of direct margin money. The broker is giving a loan value to each and single investment you hold. Some stocks won’t have any loan value, and some will. The loan value can value from 0% to 70%. Generally speaking, the more of a stock loan value is higher, the more likely you’re dealing with a quality stock. TD Waterhouse clearly says it’s not the case, but the logic is telling me something else. The value loan of a stock could be a characteristic you may want take into account while picking a stock. But you shouldn’t ONLY rely on loan value to pick your stock.

Let’s say that, in the present time, you don’t have a significant amount of money to invest but you still want to take advantage of the TFSA, even while having a margin account situation in your non-registered portfolio. 

Well, good news: YOU CAN. And I am going to explain how it worked.

First of all, study the loan value of all the dividend stocks you hold in your margin account.

Target the lowest value ONLY.

In my case, my dividend stocks with the lowest loan value are:

Sprott Strategic Fixed Income Fund (SFI.UN)

Loan value: 117$

Firm Capital Mortgage Investment Corp (FC):

Loan value: 134$

Rogers Sugar Inc. (RSI)

Loan value: 269$

Colabor Group Inc.

Loan value: 277$

Secondly, target the higher dividend payer among the stocks who have the lowest loan value.

Sprott Strategic Fixed Income Fund (SFI.UN)

Loan value: 117$

Dividend yield: 6.43%

Firm Capital Mortgage Investment Corp (FC):

Loan value: 134$

Dividend yield: 6.97%

Rogers Sugar Inc. (RSI)

Loan value: 269$

Dividend yield: 5.91%

Colabor Group Inc.

Loan value: 277$

Dividend yield: 9.63%

Thirdly, target the investment with who you are experimenting a capital loss or very little in capital gain. Why? Because while proceeding with a contribution in kind from a margin non-registered account to a TFSA, you’ll have capital gain to pay on the amount you transferred in if you are currently experiencing capital gain with the specific investment.

Sprott Strategic Fixed Income Fund (SFI.UN)

Current value: 467$

Book value: 486.99$

Difference: -19.99$

Loan value: 117$

Dividend yield: 6.43%

Colabor Group Inc.

Current value: 1109$

Book value: 1161.60$

Difference: -52.60$

Loan value: 277$

Dividend yield: 9.63%

Rogers Sugar Inc. (RSI)

Current value: 539$

Book value: 523.72$

Difference: +15.28$

Loan value: 269$

Dividend yield: 5.91%

Firm Capital Mortgage Investment Corp (FC):

Current value: 536$

Book value: 510.79$

Difference: + 25.21$

Loan value: 134$

Dividend yield: 6.97%

You would like to transferred all of the investment selected though those steps into your TFSA?

We’ll see if it’s possible. Please calculate the loan value of all of the investments selected.   

Sprott Strategic Fixed Income Fund (SFI.UN)

Loan value: 117$

+

Colabor Group Inc.

Loan value: 277$

+

Rogers Sugar Inc. (RSI)

Loan value: 269$

+

Firm Capital Mortgage Investment Corp (FC):

Loan value: 134$

= 797$

In my case, the total of my loan value is 797$. The question you need to ask yourself is: do you have this X amount of money (in my case 797$) to inject in cold cash in your margin account? In my case, since this week is going to be pay night on Wednesday, my answer is YES. But what’s yours? If your answer is NO, you’ll have to select just a few investments. Again, calculated the loan value and asked yourself if you have that X amount in cold cash to inject in your margin account.

In my case, the investments selected are not stocks that grow. That’s why their loan value is so low. Low loan value = low amount of cold cash that need to be injected in the TFSA.

You MUST inject the amount of money in the margin account BEFORE proceeding to the contribution in kind into your TFSA. This is really important in order to keep the same amount of cash available in your margin account. Remember, a margin account situation is fragile, don’t ever think you can make your way easily with a margin account. Like never. A margin account is not financially healthy and it’s not easy to deal with.

At the end of this, I will contribute somewhere to close to 3k in my TFSA and all the dividends earn from Sprott Strategic Fixed Income Fund (SFI.UN), Colabor Group Inc., Rogers Sugar Inc. (RSI) and Firm Capital Mortgage Investment Corp (FC) are going to be free of tax, for an annual amount total of 432.32$.

Now, you know how to deal with a TFSA while having a margin account.

Will Sprott Inc. (SII) pay a special dividend for 2012?

Things had been going well for my investment portfolio. My non-registered portfolio is exceeding the 122k mark. Sprott Inc. (SII) announced recently the acquisition of two small Calgary firms and that kind of bad because it could ruin the 2012 special dividend distribution. When it comes to Sprott Inc. (SII), I know what I am talking about. I had been holding Sprott Inc. (SII) stocks since its early beginning in 2008. Time is passing by sooooo fast, it’s fascinating. Can you imagine? The Dividend Girl and Sprott Inc. (SII) are celebrating 5 years of PURE MONEY LOVE. I really like that one, pure money love. The Dividend Girl, because life is all about pure money love and a bunch of other things. Alright now.

Every year or so, Sprott Inc. (SII) pays a special dividend and it can certainly worth it to own some Sprott Inc. (SII) stocks just for that annual special dividend. I currently own too much of Sprott Inc. (SII) stocks. As soon the stock hit the old 10$ per stock or so, I will be selling some stocks. I love Sprott, but my love comes with a balance. Or should I say, I try to keep it balance. And during that time, things had gone great in my money making.

Other than that, some of my stocks are just totally showing off how great of an investor I can be sometimes...

So far, I made a good capital gain of 114.96$ on Canadian Utilities Limited (CU) and I wasn’t expecting that. So far, CU was going a bit up, a bit down, but recently, it’s start to grow and BOUM, there you go a nice tinny and cute profit of 114.96$. Who look kind of smart now? PLEASE TELL ME. lol..

I also made a capital gain of 225.46$ on Agrium Inc. (AGU).

All this to say that investing in blue chips really worth it. At first, I wasn’t really happy about the idea of investing in blue chips because they pay so little in dividend. I mean, you invest thousands and thousands of dollars and in return, you get some peanuts. Well, I was wrong. At the beginning, you may received just some peanuts ok, but hold and wait because here’s the entire banana split coming... lol...

Meaning you received dividend, the dividend income grow overtime AND your investment value grow over time. So all those factors combine together, it brings a major A+ in your personal finance, that’s for sure.

The only reason why I invested in blue chips during the past few months was to bring extra value on my margin account. My efforts had paid off. I currently have 17k left on my margin account. I have paid off a 5k credit line and I put 4k on another one, bringing my margin value to 26k over a 122k portfolio worth. I mean it’s reasonable and good enough to cover if I get caught again in a stock market tragedy. Hit whenever you want stock market, I am already... or almost. Those things are soooo scary. I cannot say I am really ready to experiment another stock crash because it totally drain me to death. But as you can see, I am not dead; here am I, happily blogging. And guess what, the party only started...

I found an interesting stock from the Sprott family that may worth to write about: SIL, SCP and SPZ. Fact is, I wasn’t even aware of those stocks before me, the know it all about Sprott. You may want to look at them, but there charts are not really good, its showing sign of volatility, some of those never recover from the 2008 stocks. Anytime you see a chart going down down down after the 2008, that’s not good, just skip the stock.

Finally, all this to say that investing in blue chips like CU or AGU, among other, bring a lot more than some Dollorama stocks you may invest in just to get a stock market buzz. Now, I am aware of that and each time I feel the temptation of investing in stuff like SIL, SCP and SPZ, I think twice, I breath, I remember that I have a margin account, and I think of my silver stock picks like FR, PHS.U, PSLV...

I already played enough my money around. Time to get serious and stop wasting time and money.

You see what I mean?

And guys, you know where you can find me... I slowly began to sound as desperate as this guy and it's really funny. ;)