Investment portfolio restructuration is on its way

At this time, I really like what I have as portfolio, but with a few exceptions. The Maple Group acquisition of TMX Group (X) will probably go through, maybe not by the end of March, but still, it seems to be on its way. When the deal finally closed and completed, I will earn some big bucks. In case of such eventuality, I need to prepare and find some quality stocks to invest in and that’s really not easy. I need a quality stock that will both support my margin account situation and my dividend income. The task is certainly difficult, but not impossible.

Among all of the investments I hold, I would like to be able to sell at profit Kinross Gold Corp (K), First Majestic Silver Corp (FR), Sprott Physical Silver Trust ET (PSLV) and Sprott Physical Silver Trust UTS (PHS.U). A little way back, I had been able to reduce my position in Rogers Sugar Inc. (RSI) and Colabor Group Inc. (GCL). I would like to the same thing, but in better. Currently, stuff like K, FR, PSLV and PHS.U are not paying any dividend. What I would like to do is to sell at profit those investments and reinvest in some high quality dividend stocks. To do so, I need to: sell at profit K, FR, PSLV and PHS.U and than reinvested. And after what, the only problem being that I have to find those quality stocks and I am not in a rush to sell K, FR, PSLV and PHS.U, but it’s eventually something I would like to care of. And I am not in any rush at all to restructure my portfolio in order to increase my dividend income. And there’re many reasons for that.

Before selling any stocks and reinvested in any other things, I have think, primo, of reinvested in stocks that will have the same loan value – same of very close of being similar. And it’s not exactly an easy thing.

Making a living on dividend distribution: is the dream possible, like right now?

I had been quiet lately for several reasons. I had been laid off. And no, I won’t tell you more! I am looking forward at my options. I qualify for unemployment, so I will be applying for that soon. Where I am in New Brunswick, there are not too many jobs available in this desert of snow, I am in a little town and just to make things worst, Acadian Lines, the Maritime public transportation public, is on strike. This is helping a lot!

We’ll move on for now but I am really not stress. Want to know why? Ok, we’ll begin by checking over my budget and my monthly needs:

Minimum of the minimum living expenses:
Rent + Internet + other: 400$

DEBT:
Student Loan: 98$
RRSP Loan: 108$
Credit line: 50$
Credit card balance transfer: 30$
American Express at 0.99% for a year: 27$
Banking fees: 5.90$

Minimum debt payment total: 318.90$

TOTAL: 718.90$

The amount of 718.90$ over the minimum of the minimum, without car expenses, without any extra money to shop, no entertainment. But hey, I am the entertainment, right?

At this point, we know how much I have in debt, we know my net worth (84k), we know the value of my investment portfolio. But what about my dividend income? Can I support my minimum monthly expenses by relying on my dividend distribution?

Let’s check it out, without including any possible special dividend:

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 123.24$
Bank of Nova Scotia (BNS): 226.72$
Methanex Corporation (MX): 70.04$
Fortis Inc. (FTS): 129.60$
Pembina Pipeline Corporation (PPL): 714.48$
Just Energy Group Inc. (JE): 860.56$
Pengrowth Energy Corporation (PGF): 190.68$
Enbridge Income Fund Holdings Inc. (ENF): 416.64$
Corby Distilleries Limited (CDL.A): 68.40$
Davis + Henderson Corporation (DH): 264.12$
Premium Brands Holdings Corporation (PBH): 514.48$
EnCana Corporation (ECA): 164.80$
iShares S&P/TSX Capped REIT Index (XRE): 113.96$
Horizons Gold Yield Fund (HGY.UN): 192.70$
Canfor Pulp Products Inc. (CFX): 108$
New Flyer Industries Inc. (NFI): 179.71$
Exchange Income Corporation (EIF): 511.92$
Rogers Sugar Inc. (RSI): 31.96$
Student Transportation (STB): 117.02$
Colabor Group Inc. (GCL): 107.60$
TMX Group Inc. (X): 163.20$
Data Group Inc. (DGI): 443.88$
K-Bro Linen Inc. (KBL): 110.40$
Westshore Terminals Invest Corp (WTE.UN): 210.89$
WesternOne Equity Income Fund (WEQ.UN): 228$
Atlantic Power Corp (ATP): 267.26$
Kinross Gold Corp (K): 24$
TransCanada Corp (TRP): 44$
Canadian National Railway Co (CNR): 45$
Firm Capital Mortgage Investment Corporation (FC): 37.44$
Sprott Strategic Fixed Income Fund (SFI.UN): 30$
Enbridge Inc. (ENB): 31.696$
Agrium Inc. (AGU): 6.30$
Canadian Utilities Limited (CU): 37.21$
Veresen Inc. (VSN): 65.736$
Crescent Point Energy Corp. (CPG): 60.72$
Chorus Aviation Inc. (CHR.B): 90$

TOTAL: 7 007.76$
583.98$/month

I am missing less than 200$ per month before being able to “live” from my dividend income. I am in position to reinvest so I can increase my dividend income. And I could do so without too much trouble, without risking my margin account situation.

By the end of March, we should know if the Maple Group deal goes through. If it work out, each and single of my TMX Group Inc. (X) stocks will give me 50$ in cold cash. Once the transaction completed and the cash received, I could reinvest in a quality dividend stock.

Also, I hold close to 4k in First Majestic Silver Corp (FR). Fr is a good stock, but it doesn’t pay any dividend. Once I can make a little profit out of it, I will be selling FR and reinvested in a dividend stock.

What I hold in my TFSA and in my US account could be review. Just there, I could easily increase my dividend income.

However, there’s a catch. I should not reinvest in stocks that offer a super high dividend yield. I need to invest in a quality stock offering something like 7% in dividend yield. I should not consider investing in a stock offering like 10% and up in dividend yield. See what I mean? I need to keep a balance and what I will be investing next need to be of quality and the dividend yield need to be reliable and reasonable. And that can be tricky! I may check out Susan Brunner blog to search for quality stuff. I need to do my search. But for now, no rush, no need to sell overnight. I know how to deal with those kinds of things. I am a real New Brunswicker if you see what mean. So stay tune.

By the way, go check my Twitter account: Jully Black herself has read the Dividend Girl! (check out my Twitter account on the right column). After Raymi the Minx, now it’s Jully Black.

I am laid off, but I am a... superstar.

Or kind of. lol :)))))

My investment portfolio value on date of March 13, 2012

Savings: 543.08$

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 6 378$
Timminco (TIM): 1$
Blue Note Mining (BNT): 20$
Bank of Nova Scotia (BNS): 5 897$
Hanwei Energy Services (HE): 30$
Methanex Corporation (MX): 3 322$
Fortis Inc. (FTS): 3 582$
Pembina Pipeline Corporation (PPL): 12 870$
Just Energy Group Inc. (JE): 9 318$
Pengrowth Energy Corporation (PGF): 2 222$
Enbridge Income Fund Holdings Inc. (ENF): 7 577$
Corby Distilleries Limited (CDL.A): 1 813$
Davis + Henderson Corporation (DH): 3 945$
Premium Brands Holdings Corporation (PBH): 7 517$
EnCana Corporation (ECA): 4 054$
iShares S&P/TSX Capped REIT Index (XRE): 2 524$
Horizons Gold Yield Fund (HGY): 1 988$
Canfor Pulp Products Inc. (CFX): 1 485$
New Flyer Industries Inc. (NFI): 1 654$
Exchange Income Corporation (EIF): 7 786$
Rogers Sugar Inc. (RSI): 530$
Student Transportation (STB): 1 448$
Colabor Group Inc. (GCL): 1 120$
TMX Group Inc. (X): 4 412$
Data Group Inc. (DGI): 3 692$
K-Bro Linen Inc. (KBL): 2 192$
Westshore Terminals Invest Corp (WTE.UN): 4 931$
WesternOne Equity Income Fund (WEQ.UN): 2 797$
Atlantic Power Corp (ATP): 3 297$
First Majestic Silver Corp (FR): 3 638$
Kinross Gold Corp (K): 1 560$
TransCanada Corp (TRP): 1 112$
Canadian National Railway Co (CNR): 2 329$
Firm Capital Mortgage Investment Corporation (FC): 538$
Sprott Strategic Fixed Income Fund (SFI.UN): 462$
Enbridge Inc. (ENB): 1 085$
Agrium Inc. (AGU): 2 141$
Canadian Utilities Limited (CU): 1 400$
Veresen Inc. (VSN): 1 011$
CHR.B: 531$

TOTAL: 125 213$

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): 2 214$
Cash: 4.12$

TOTAL: 2 218.12$

Tax-free savings account (TFSA)
EnerCare Inc. (ECI): 30$
Dumont Nickel Inc. (DNI): 1 898$
Sprott Physical Silver Trust UTS (PHS.U): 2 849$
Cash: 3.90$

TOTAL: 4 780.90$

RSP investment portfolio:
Sprott Canadian Equity Fund: 6 094$
Claymore Gold Bullion ETF (CGL): 5 046$
EnCana Corporation (ECA): 1 988$
Emera Incorporated (EMA): 7 508$
Sprott Physical Silver Trust UTS (PHS.U): 950$
Cash: 145.62$

CIBC Dividend Growth Fund: 564.99$
CIBC Emerging Markets Index Fund: 465.76$
CIBC Monthly Income Fund: 1 085.52$

Energy and Base Metals Term Savings (Indexed term savings): 577.30$
Natural Resources Term Savings (Indexed term savings): 502.06$

GIC National Bank: 1 242.70$
GIC Plus TD: 500$

Maritime Life International Equity Fund
(Templeton): 622.35$
Manulife Simplicity Growth Portfolio: 902.11$
Maritime Life CI Harbour Seg Fund: 1 076.47$
Maritime Life Fidelity True North Seg Fund: 1 010.72$
Manulife GIF MLIA B World Invest: 646.42$

Great-West – various: 1 957,04$
Various other mutual funds: 675$

RBC Canadian Dividend Fund: 568.39$
RBC U.S. Mid-Cap Equity Fund C$: 2 133.67$
RBC Global Resources Fund: 1 080.49$
RBC O'Shaughnessy International Equity Fund: 589.13$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 216.63$
RBC Global Precious Metals Fund: 833.04$

TOTAL: 39 981.41$

Social Capital at Desjardins Membership share: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(58.58$):
172 835.09$

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.