Welcome in my investment portfolio Black Diamond Group Ltd (BDI)

I had set up an automatic purchase order in the morning of December 31 to get my hands on some Black Diamond Group Ltd (BDI) shares before the end of 2012... And now, I am a proud Black Diamond Group Ltd (BDI) investor. Be ready, 2013 is going to be hot hot hot!

Today was a very relax day. I was working yesterday until 6 pm. I haven’t anything plan for the New Year. Each year, there’s something going on in the Old Montreal, so that’s where I went. I didn’t want to stay outside from 6 to midnight – 4 hours outside in the cold weather. So after done with work, I went to the movies and I saw This is 40. This is 40 is a nice comedy. A dirty one, but a really nice one. I have a couple of good laughs. I truly recommend, it worth the $12.99 ticket.

After the movies, I went to the Old Port and walked around and I finally stopped close by the stage where a band call something like Rafi was playing. The band was really good, but I couldn’t wait for midnight to kick in. I WAS COLD. I have a good pair of boots, but despite it all, my feet were cold.  

Midnight finally kicked in, hello 2013! And then the beautiful fireworks, very nice and then I walked my way back home as quickly as I could. I could no longer stand myself in the cold weather. Today I was off and I stay all day in ALL DAY in my pyjama counting my money...

As you can see, I update my portfolio and my debt situation, so we have in the result for the year end of 2012. My non-registered portfolio closed the year 2012 at $122 421.19, for a book value of $125 147.65. I am experiencing a loss of -2.18%.

So far for 2012, my dividend income is of $7 714.78. I am saying so far because I am just missing a few dividend payments for December 2012, like iShares S&P/TSX Capped REIT Index (XRE).

My net worth is of $87 633.44. I hold $78 010.31 in debt. The interest own on the money is of $3 086.11. Of that interest money, I have a $342.99 interest on my student loan, which qualifies for a tax credit. I also have $2 591.12 in interests that I can declare for a tax credit because the money was used for investment purposes. So to talk roughly, I have a $2 934.11 that I can and will declare for tax credit.

Overall, I don’t care if you agree or disagree with me on the point that is about to follow, but if I add my dividend income and my tax credits, I am making a profit of about 6% for 2012. Can anyone do better than that? I doubt. You won’t find any better on the whole Wild Web. I am beating the TSX index ONE MORE TIME. With everything that is going on in the US, (and even Canada), and especially for the Euro zone, I mean, 2012 was a difficult year. However, I did some very smart investment moves, like in Agrium Inc. (AGU) and Chorus Aviation Inc. (CHR.B).

A couple of months ago I received a voting package for AGU, asking if I wanted to sell some of my shares for something like $90 or something. I taught it was a joked. AGU baby, do you really think that I am that dumb and leave you alone out of my portfolio? I just ignored the paper. I spoke to a nice lady of TD Waterhouse regarding this situation. Even if it was in French, I couldn’t understand what the paper was about, but she explained it to me. A sell offer for AGU? ARE YOU CRAZY? AGU is among my best stock performers! It’s not anytime soon that I will let it go.

Thanks to my mommy, I have a clear mind and I can distinct – most of the time – a good move from a bad one. AGU will remain in my portfolio as long as I want.

In 2012 like for the past like what, 5 or 6 years now, I have invested in new stocks. Here’s a list of my new stock comers for the year 2012:

Canadian Utilities Limited (CU)
Veresen Inc. (VSN)
Chorus Aviation Inc. (CHR.B)

Crescent Point Energy Corp (CPG)
JFT Strategies Fund (JFS.UN)
Keg Royalties Income Fund (KEG.UN)

Geovencap Inc. (GOV)

Healthlease Properties Real Estate Investment Trust (HLP.UN)

Bombardier Inc. (BBD.B)

Heroux-Devtek Inc. (HRX)

Black Diamond Group Ltd (BDI)

I am very happy because my last investment of 2012 was made in Black Diamond Group Ltd (BDI). I have a great feeling about this company. I won’t earn that much in dividend with this one, but what matter for me now than ever is quality. I try not to focus exclusively on dividend income – even if I am the Dividend Girl. That is what I call being smart.

My 2012 year in review

2012 had been an adventurous year. I left my hometown for Montreal after I have been laid off from my job because they could no longer manage to pay me. I was promised a permanent job in New Brunswick, but shortly after, only after 6 months of full-time employment, I had been laid off. Basically, I was giving money that was laying in their what we could say their emergency fund. The company was in bad shaped even before I stepped in. So I was laid off. And I later on pursue to court the gang of bastards and I win my cause in October 2012, all alone, without any stupid lawyer money suckers. Je les ai bien torchés. (Sorry, no English available for that sentence).

A couple of weeks after, I open my very small business (you are reading right, I am a business owner (but a very small one). In the meantime, RBC Royal Bank increased the interest rate on my line of credit. I had (and I still) have good assets (physically and monetary) so I went there, crash in, make a scene to a RBC representative in New Brunswick. He was able to reduce the interest rate of something like 1%, but I was still under an increase of 2%. Got the picture? So the bitch that I am and will always be wasn’t too happy out it. I even call RBC and I was told that because i was now out of job and I was a self-employed, they needed something like a 5 years record of my self-employment to be able to reduce my interest rate.

So I told myself, what the f, and I decided to accept whatever job will present to me and I sent a couple of résumé here and there. In the meantime, I was working as a self-employed. I had that idea to start gardening. I bought everything needed to make grow tomatoes, flowers and everything you can think of in term of veggies. My grandmother has a huge land. I had the land and the desire to start a HUGE garden. But I wasn’t able to take care of the garden of my dream in the spring-summer of 2012 because... I left my New Brunswick behind and I moved back to Montreal!!!

I was very surprised, but I received a response from a Montreal office, for a contract. I accept the job, keeping in mind the 5 years record for self employment coming from RBC. This is true with RBC, but also with other banks. As soon you are self-employed, it’s harder to get things from banks. You need a good and long record history of self-employed.

Just before leaving for Montreal one more time, I found something great as self employed that provide me some cash for a few months, until September 2012. So from May to September 2012, I was working on a full-time position AND I was also working as a self-employed. That’s why you didn’t hear me very often in 2012 (not that many posts compare to 2011 and 2010). Later on, the contract leaded to a permanent job and I am still there at the present time and I take it one paycheck at a time (it’s really how I am taking it). The work can be very hard sometimes, including long hours. I am grateful but I would have prefer to stay in New Brunswick gardening.

That’s what my life was like in 2012.

And for 2013? Bah, you know, the usual money stuff.

It’s weird! 2013... OH GOSHHHH. Another year where I am wrinkles free. So that the year past by, I don’t care. As long as I don’t see direct sign of aging on the pretty chalala me, I don’t care about getting older. I am still looking if I will be in my twenties for now. The older I am getting, the better I am getting on the investment game. It’s like an old Stoch (sorry I cannot find the correct spelling at this time, obviously I don’t drink it) – only getting better with age.

For 2013, I would like to invest in some Emera Inc. (EMA) stocks for my non-registered portfolio. I already own some Emera Inc. (EMA) stocks inside my RRSP portfolio. However, adding on more ne serait pas de refus. (I wouldn’t say no to some more Emera Inc. (EMA) stocks). Other than Emera, in the immediate, I don’t have anything I want for my non-registered portfolio.

For 2013, I will do my best to focus on quality stocks. I will try to reduce my impulsive stocks buy and I will do my best to control myself and my investment hunger. And I won’t purchase stocks using leverage. Enough is enough. I am in 78k in debt for God sake! Ahah!! I certainly won’t borrow more money. I would like not to use more than 50k on my margin to keep it safe. I have left 14k of unused margin money.

The numbers are looking and are great.

I am wishing me the same for 2013 and, if possible, even better. Go go go!!!

Once again, have a Happy New Year 2013. For once, I love you all.

My investment portfolio on date of December 31, 2012

Savings: $17.71

Non registered Investments:
Stocks and Units investment portfolio $CAN
Sprott Inc. (SII): $4 090.68
Timminco (TIM): $0.20
Blue Note Mining (BNT): $4
Bank of Nova Scotia (BNS): $6 320.60
Hanwei Energy Services (HE): $24
Methanex Corporation (MX): $3 263.04
Fortis Inc. (FTS): $3 729.98
Pembina Pipeline Corporation (PPL): $13 148.52
Just Energy Group Inc. (JE): $7 677.41
Pengrowth Energy Corporation (PGF): $1 138.50
Enbridge Income Fund Holdings Inc. (ENF): $8 155.94
Corby Distilleries Limited (CDL.A): $2 035.50
Davis + Henderson Corporation (DH): $4 656.96
Premium Brands Holdings Corporation (PBH): $7 597.45
EnCana Corporation (ECA): $4 246.56
iShares S&P/TSX Capped REIT Index (XRE): $2 647.26

Horizons Gold Yield Fund (HGY): $1 850.58
Canfor Pulp Products Inc. (CFX): $1 103.76
New Flyer Industries Inc. (NFI): $1 790.88
Exchange Income Corporation (EIF): $8 198.04
Rogers Sugar Inc. (RSI): $569.05
Student Transportation (STB): $1 311.82
Colabor Group Inc. (GCL): $789.48
TMX Group Inc. (X): $405.76
Data Group Inc. (DGI): $1 430.90
K-Bro Linen Inc. (KBL): $2 886
Westshore Terminals Invest Corp (WTE): $5 620.20
WesternOne Equity Income Fund (WEQ.UN): $3 154
Atlantic Power Corp (ATP): $2 662.55
First Majestic Silver Corp (FR): $2 006
Kinross Gold Corp (K): $1 458.66
TransCanada Corp (TRP): $1 175.50
Canadian National Railway Co (CNR): $3 613.20
Firm Capital Mortgage Investment Corporation (FC): $544.40
Sprott Strategic Fixed Income Fund (SFI.UN): $426.50
Enbridge Inc. (ENB): $1 204.56
Agrium Inc. (AGU): $2 577.64
Canadian Utilities Limited (CU): $1 510.74
Veresen Inc. (VSN): $780.78
Chorus Aviation Inc. (CHR.B): $600.60

Crescent Point Energy Corp (CPG): $827.64
JFT Strategies Fund (JFS.UN): $1 870
Keg Royalties Income Fund (KEG.UN): $725

Geovencap Inc. (GOV): $1

Healthlease Properties Real Estate Investment Trust (HLP.UN): $1 112

Bombardier Inc. (BBD.B): $488.80

Heroux-Devtek Inc. (HRX): $487.30

Black Diamond Group Ltd (BDI): $501.25

TOTAL: $122 421.19

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): $1 890.28
Cash: $4.12

TOTAL: $1 894.40

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): $24.54
Dumont Nickel Inc. (DNI): $575
Sprott Physical Silver Trust UTS (PHS.U): $2 462.28
Cash: $5.60

TOTAL: $3 067.42

RSP investment portfolio:
Sprott Canadian Equity Fund: $4 692.83
Claymore Gold Bullion ETF (CGL): $5 063.24
EnCana Corporation (ECA): $2 005.32
Emera Incorporated (EMA): $7 712.28
Sprott Physical Silver Trust UTS (PHS.U): $820.76
Cash: $6 044.25

CIBC Dividend Growth Fund: $586.79
CIBC Emerging Markets Index Fund: $320.42
CIBC Monthly Income Fund: $1 115.74

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

GIC National Bank: $1 227.70
GIC Plus TD: $500

Maritime Life International Equity Fund
(Templeton): $584.15
Manulife Simplicity Growth Portfolio: $907.53
Maritime Life CI Harbour Seg Fund: $1 063.97
Maritime Life Fidelity True North Seg Fund: $1 042.89
Manulife GIF MLIA B World Invest: $698.70

Great-West – various: $1 957.04
Various other mutual funds: $675

TOTAL: $38 097.97

Social Capital at Desjardins Membership share: $40

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
($105.06):
$165 643.75

My debt situation on date of December 31, 2012

$7 875.45 at a low interest rate of 4.75% (RRSP credit line rates) = $374.08 in annual interest PAID OFF

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

$7 928.54 on a credit card at a low interest rate of 2.9% (result of a credit card balance transfer) = $229.93 in annual interest

$8 000 on a credit card at a low interest rate of 1.9% (result of a credit card balance transfer) = $152 in annual interest

$6 236.20 at low interest rate loan at 5.50% (student loan) = $342.99 in annual interest

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

$10 000 at 9.30% (credit line rates) = $930 in annual interest PAID OFF

50 945.57$ at a low interest rates of 4.25% (margin money coming from my broker account): =
$2 165.19 in annual interest

$1 827.47 at 0.99% for a year (with American Express) = $18.09 PAID OFF

TOTAL: $78 010.31

TOTAL in annual interest: $3 086.11
[In date of December 31, 2012]

Happy New Year 2013!

To all of the Dividend Girl readers around the world, I would like to wish you an Happy New Year 2013!

Best money wishes coming from you know who.

Heroux-Devtek Inc. (HRX) special dividend: well received and in the house

I was about to call TD Waterhouse on Monday regarding my Heroux-Devtek Inc. (HRX) special dividend because I haven’t received anything yet. But after verification, I received the so special and so wanted 275 bucks on December 27. I sometime do not look at my stock portfolio every single day, but most of the time, I do. So I guess that a TD Waterhouse broker won’t have the chance to hear my sexy French voice over the phone. Too bad TD Waterhouse brokers! Better luck next time guys, but we’ll probably talk soon.

I am now close to the $7 500 in dividend income. I am still waiting for other stuff to come in. So I could be pretty closed to the 8k in dividend income for 2012. For 2013, I guess it’s realistic to fix a future dividend income of 10k. Overall, 2012 was a good year and I hope 2013 will be even better. In term of money, of course.

I hope the TSX is open on Monday December 31 because I don’t want my financial year to end without having Black Diamond Group Limited (BDI) in my portfolio. I know anything about their financial situation ok, but what I know is that I WANT BDI ;) And you know, what this girl want is what she gets. After rent, student loan and banking fees payment, I have left a tiny little $729 for investment purposes. My investment in BDI will be small, probably less than a 1k, but at least, BDI will be in the house.

Adding new stocks in is always interesting, but I have a bit of work to put in my portfolio.

First, remember the close to 6k that I transfer from RBC to TD Waterhouse to protest again my RBC credit line interest rate increase? This was a major event of the year 2012.

I mean, if you plan to mess up with me, expect something massive in return. RBC Royal Bank where very wrong for doing such thing to me and they have pay the price. I do not business with them anymore. Now, my RBC credit line is completely paid off and I do not hold any investment at RBC Royal Bank. I used to always paid on time my RBC line of credit. Adding 3% on the interest rate of my credit line wasn’t very smart coming from RBC. I will never invest with them ever again. TD Canada Trust knows how to treat correctly the demoiselle that I am. With TD, it’s simple and easy. I always get what I want with TD Canada Trust. RBC Royal Bank is a very arrogant institution.

I think whenever somebody or an institution is trying to hurt you financially, you should always response in clear and effective manners. On that point, I will say exactly the same thing of the like of Derek Foster said in one of his YouTube video (Derek Foster is on YouTube and I just find out very recently after a reader said something about Derek Foster and his videos in one blog comment) – no one care more about your money more than you do. No one really give a damn, especially bank like RBC Royal Bank. If they would have care about me, RBC wouldn’t have increase the interest rate of my credit line. So care for yourself. Fight as hard as you can. I think that selling my RBC mutual funds and transferring the money over TD was just another brilliant move of mine. Take that RBC suckers! That totally release me, knowing that I had the very last word.

RBC increased my credit line interest rate shortly before I lost my job in New Brunswick. The timing was quite bad. However, shortly after, I was getting 2 freelance gigs that were paying well under the circumstances. If wanted, I could take 2k a month. RBC didn’t want to hear anything. As an independant worker, they needed a 5 years history to establish my value. Then I taught, I am done with you f@ckers! Now I am were in Montreal, full-time employee. It’s not the best position of the world, I don’t even received a 2% employer contribution for my RRSP. However, the job paid my bill and I even have extra cash left to invest. So I take it while it last, trying to control my expenses among the way so I can even invest more.

I brought 2 books of Derek Foster back from my New Brunswick little trip. Each and single time I go home, I am pretty much full of stuff and when I come back, its even worst. This time, it was Christmas so I had to bring with me my Christmas gifts. And when I came back to Montreal, my mom decided to give me her winter coat. And bring in the gifts she gave me so I was, one more time, quite pack.

All this to say that I have close to 6k in cash in my TD RRSP account. That money haven’t been invested yet.

Secondly, another thing I need to do in 2013 is to maximize my TFSA. Imagine, I not even taking fully advantage of my TFSA! Why? It’s because I have a margin account in my non registered account. However, different approach can be taking in order to maximize my TFSA.

Let say that this X investment has a margin loan value of $500. Before transferring the X investment over my TFSA, to stay in a safe zone, I will need to inject $500 on my margin account BEFORE transferring the X investment in my TFSA. I cannot simply transfer stuff over my TFSA without adding anything to my margin. But I cannot do both at the same time, I cannot invest in new stuff and transfer investments over my TFSA. So it’s a very tough process. Transferring investment in my TFSA will allow me to save in taxes. I won’t have any taxes to pay for all dividend received inside the TFSA.

While living in a place like Quebec province, it’s extremely important to do everything you can to save in taxes. Quebec government like to suck their citizens right to their bones. And Quebeckers accept that. They were hitting the streets for their tuition fees, but the idiots cannot see were the real problems are at. Quebec is ultra capitalist and the province is really poorly managed. They have incredible richness, but their government decisions are not smart. Continuing to betrayed Canadians by having Pauline Marois as Prime Minister is just another poor move. And Quebeckers have to live with the poverty of their society. They have real big problems.

This being said, I know a girl who’s not very poor: ME. While some colleagues of mine are going away on fancy vacations in Cuba and return with brown burn skin, I, the darling, stuck everything I can in my portfolio. We’ll see how really good I am in the future. But I am enough smart by my living choices. And that’s what all your life is about, it’s about making smart decisions. Luckily, I was born absolutely perfect, with no taste what so ever for luxuries or exotic trips. I am a real New Brunswick grounded to her native land. There’s nothing much to be add to that if not that my perfection is giving me my options for my future. I hope to exlarge my dividend income to something higher than 10k a year. To live on without any worries, a 20k a year will be enough. I could live on 16k without any problem. The independence is not too far away.

I have other stuff to write about but I am just going to stuff here because you know, I think you, dreaming of my perfection will give you enough stuff to think about for now.

Stay tune. We are almost at half a million pages view on this blog. Thank you for reading every and single words of your favorite princess. Be ready for the party!

Here’s the link to Derek Foster YouTube videos.

My last vacation of 2012

Hello! Did you miss me?

I just came back from my little vacations in New Brunswick. It went pretty fast. I left on Friday evening (21th) and I left home it was about 2:30 pm today for Montreal and I just arrived. It was a fun time. I gave my gifts, saw my family and everyone was happy and I was happy too.

While back home, a Revenu Canada paper was waiting for me. I didn't really look at it, but its concerning the taxes for the small business I own. I mostly did freelance between April and October. It bring in extra cash during that period. I was looking at my credit cards statement and its actually not so bad. I have a $118.31 on a Visa that need to be paid only by the month of January. My latest BMO MasterCard statement is of $542.14.

And for now, the BMO MasterCard was a balance of $755.33. I have a $200 in cash with me and I have somewhere around $150 available on my line of credit somewhere. So I will just have a $192.14 to pay off from my pockets. I already have a $331.50 on my credit cards that need to be pay for January... 2013!

Already 2013. But good news is, I am waiting for a cheque of about that amount if not a little more from my freelance activities... am I going to watch my expenses in 2013? Oh yes. I need a full year of employment for 2013. For 2013, I will watch my expenses a lot more. We didn't have the Boxing Day today in the small town I come from in New Brunswick. All stores were closed, including the Wal-Mart. Isn't that boring? It may be boring, but at least, I didn't spend on anything. And truly, I don't need anything, but its always fun to have something new in the wardrobe or a new hair product or makeup. But I have all those. Instead of thinking of my next mascara or blush, for 2013, I would like to increase my freelance and online activities to bring in more cash.

If I could pay my rent with money earn on the side, it will be great. Don't ask why I haven't work harder - its just time had run out of me. And I worked hard too at work and I not even getting paid for all the extra hours put in so yeah, tell me about it. Work work work. Money money money. My life is all about money and a bunch of other things. But I guess you must know that my now. Enjoy the last days of 2012. Its time to plan for 2013 and like always, I have plenty of ideas.

So stay tune.

Getting ready for the end of the world

For the Maya civilization, tomorrow mark the beginning of a new cycle of life. For a reason or another, it been said that for the Mayas, the world end tomorrow. Well, it can end but if it does, tomorrow will just be another day. Since the world end tomorrow, I will try to leave work as early as possible. I am going to buy one or two lottery tickets you know, just in case. It may be the end of the world, but I still love gambling. Other than that, nothing much plan because I am leaving for New Brunswick tomorrow evening.

I completed my Christmas gifts and I blow another $160. I finally bought that gift from L'Occitane for my grandmother and I bought 2 Laura Secord gift sets. I got the idea at work after seeing one. What a nice gift idea! I found that giving a chocolate box was a boring gift but a chocolate gift set, that's much better!

As for my L'Occitane gift set, it was an expensive one but I couldn't buy anything else. I bought a cherry blossom gift set, body cream, perfume and hand cream. It smell SO good! I am tempted to keep the gift for myself ;) Now that I am happy, but broke, I am better win that 1 million bucks.... Broke, but not so broke. I just find $180 in cash in my shoulder bag. I am a bit of a maniac. I am always scared to get robbed so I always stick a bit of cash somewhere else than in my purse. And while packing my stuff for tomorrow, I find the money... Last time I went to New Brunswick, it wasn't too long ago, it was back in late October. Of 2012 of course. So I had a $180 since that time. And since I spend around that amount in gifts today, well you know, girl kinda of steal the show one more time, end of the world or not, nothing is about to change soon. Now, I must not forget my password if I want to go to the Maine and I also I MUST bring with me my gravol pills. Why is it already almost 11 pm? In less than 2 hours, we are all going to hell. :) Are you coming with me?

Gail Vaz-Oxlade to the rescue

We received some snow in Montreal today and the weather got a bit warmer. I went for a walk under the snow and I took some nice winter pictures. Montreal can turn real pretty under the snow. The pictures were mostly took at Lafontaine Park. I continue my walk downtown. I must admit, I cheat on my $100 food challenge by eating a Big Mac and a small fry. It was the most delicious Big Mac I ever tasted in my whole life.

I continue my walk downtown. I was cold so I stop by the Chapters.

And its when that I notice a new book by Gail Vaz-Oxlade. Or maybe its one of her book that been published a while ago. I don't know. I was happy to read Gail Vaz-Oxlade book because it was like a oh finally, someone with common sense! First of all, let's start with RRSP loan. I did pay off my RRSP loan not too long ago, remember?

Getting a RRSP loan was a complete mistake coming from my part. I did save massively on taxes on the year I took the loan, yes. It worth it because I was earning and I still earn today more than 40k a year, including dividend, salary and freelance. I earn a bit more than 40k a year, but because I do, I pay massive taxes, especially while living in Quebec province. Quebec government is only good at one thing: sucking the tax payers.

And I am seriously wondering why I am paying all those taxes for. I don't have access to a valuable health care system. Quebec education system is terribly poor. I mean, I completely understand the decision of Jacques Villeneuve for leaving Quebec province. Someone like Jacques Villeneuve, a so honorable personality, who always been true to himself, to is passion for the automobile sport, someone so loyal, authentic cannot be wrong. He needs to protect his fortune from Pauline Marois rats. I wish him all the best. A good education for his children and all the best in his projects. When come a time where taxation is too high and the quality of the services provided by the government is so low, individuals have to do what they need to do to protect themselves and their love ones. As a true Canadian, living in Montreal, in a Quebec province dominated by Pauline Marois et sa fameuse bande de caves.

Well you know, its no surprise that the good of the good ones wake up and have the courage to express themselves on a situation that is really not normal. The extreme arrogance of Pauline Marois is going to burn Quebec down on the long run. Its not normal to be living in the highest taxes place in North America. We are paying for what? For the future of a province who's selfish and hypocrite.

Ok, let's move on again on that RRSP loan thing. I was so extremely please to read in Gail book that she doesn't recommend to get enroll in a RRSP loan. The RRSP loan that I used to have represented a payment of $108 per month. This is quite some money! I am very glad to have it completely paid off. There's only one thing I found strange about Gail book, its when she talked about the interest of a student loan.

Gail said that the interest of a student loan is 2% + prime rate + 5%. Well, I may be lucky, but the interest of my student loan is less than 6%. So knowing its so low, I never care about owning money on my student loan. Especially knowing that I received a tax credit every year for it. Another interesting thing with Gail book is when she talked about the benefit of renting instead of owning. We share the exact same opinion on this one. Owning a house or a condo is ok when you are already a millionaire, but if not, if you cannot afford paying for your living out of your investment, how in the world are you going to be able to afford owning your own place. It make me laugh because the guy who laid off me in New Brunswick was the father of 2 young children, wasn't even married and had a house of his own with a mortgage on it. And the poor fool was having problem to make ends meet. Now that the organization is completely running out of money. I can only smile. First, you act like a fool, you have responsibilities, you take a big mortgage in a small town where the economy is at 0. Right there, I have my revenge.

My force is being able to understand more than you can even imagine. Getting a mortgage, paying the mortgage, the home insurance, the electricity and everything else that come with a home. I mean, you must understand me when I say that owning a home - and a fancy big one - is for people who are financially independent. Mortgage is a product that banks came with a long time ago so they could make money out of the middle class who are only living to own they very own place. BMO Bank of Montreal is making the big bucks on mortgages. Other banks too but it is particularly true with BMO Bank of Montreal. A mortgage won't bring any cash in to build the future of your portfolio. A mortgage = salvation and poverty.

The trick with the investment game is to come and elaborate the sexiest portfolio you can ever come with so little by little, the portfolio become a source of income and eventually, the income become more and more important. That way, you get in control of your life. Once you become financially independent, once you have enough to pay your minimum living expenses - no one else than you have control over your life. You can lose your job, get sick whatever else. No matter what happen, you are protected from everything bad that can come from the outside society.

Being independent financially is the key to an excessive and sexy freedom. With their reforms and new taxes, Quebec government of Pauline Marois is killing the dream. Individuals have become the milk cows of Quebec rich society. And not only the middle class, but also the millionaires like Jacques Villeneuve. No one should be paying the price. While facing oppression, the best thing to do is to fight back and leave. Personally, it wasn't a surprise for me when I read that Jacques Villeneuve was leaving Quebec. Quebeckers don't see clearly and don't have the judgement it take to build something good for themselves and their descendants. Quebec has become the land of perfect corruption. Just take my personal example. I am being insulted at work. I was giving a permanent status after spending 7 long months where I am.

Quebeckers are simply laughing in front of my pretty face. As a Canadian, I don't like Quebec province and I don't belong here. I will get revenge.