Fresh Tories getting ready to double the TFSA contribution room - or not?

I am - for once - all excited about the federal budget that will be announced tomorrow. And what if the Tories are dumb enough to actually double the contribution room the the TFSA? Ahah! Why not? Stephen Harper and his bunch of clowns are certainly idiot enough to do such thing. And it will only benefit those who - like me and maybe you - have non-registered investment and other cash to invest in a TFSA. Its terrible politic, but hey, messy country that is Canada, the rich get it all and the poor barely get enough to cover their basic needs.

I think will see the TFSA contribution room doubling only because of the upcoming election. Its an easy way for Tories to give something to Canadians. The government of Stephen Harper haven't come with much in the recent years to help the population. It came with the idea of the TFSA a few years ago and a few years more, we are seeing the TFSA contribution room doubling.

I just keep thinking: is that really enough to prove the Tories are the government that Canadians need for 4 years? Do I want to vote for Justin Trudeau who is in favor of a dope show in Canada? NOPE. Do I want Muclair and NPD? HELL NO. Do I want Stephen Harper as Prime Minister? NO NO NO!

The problem that lovely Canadians are facing now is the lack of leadership inside the country. They're currently no good leaders in Canada to support our country and I find that very sad. It also explain the low level of participation to the election.

I am in Liberal at heart, but I really don't like Justin Trudeau. I don't like the guy at all. He's not the man fit for the job.

My net worth is now of $139 599.17

I was hoping to get there soon, I knew it was coming, and it seem like I am now sitting on a $205 871.46 portfolio. Yeah! It make my little heart beat a little bit faster. My net worth is of $139 599.17. At this time, its getting really exciting because I am really not missing much to hit on the 150k net worth. But the real excitement will be once I will be sitting on the 200k net worth. That's going to be quite something. In the meantime, my $139 000 is making me happy. It took me 8 years to have that money. At least, I have more than just the first $50 000 that I so wanted 8 years ago...

The stock market had been very good to me. I haven't done very well with a few investments - like my many investments in silver and gold, but I believe in resurrection and maybe those investments will get back on their feet and grow. I did some bad investment moves, but some other went very well. AGU, BNS, MX' ENF, CU, SJ and so many more. Another stock that I did very well on and that had been reviewed recently by Susan Brunner is AltaGas Ltd (ALA). There not much good stock adviser out there. But over the years, I had been able to quickly recognize the good from the bad ones.

I made a few thousands on Derek Foster and Susan Brunner back. And not to forget Jean-François Tardif. I made several thousands by investing in his Premium Brands Holdings Corporation (PBH) - a stock for which he had positive review. And now, I am invested in JFT Strategies Fund (JFS.UN). I never believed in his retirement. Another hot guy that know what he is talking about is Lou Schizas. For amateur like myself, the ones you follow and trust will make a big positive difference in your wellness. But still, you need to have the flair. And my best advice will be to stay away from any financial advisers. I have many bad experience here in Montreal and I wouldn't like any of my readers to get ripped off. Here in Montreal, people are individualists - no matter what they say. There're so many homeless a bit everywhere in this city, its unbelievable. And there's many aboriginal people living in the street. Its like they are coming from the north, they have dark skin that make me believe that. Financial advisers are paid by commission, and sometime not only, but they have at heart their own profit, not yours. They may be good advisers out there, but they are extremely hard to find. And just check on my list. In 8 years of stock investment, I have 4 names that I follow. Not 20, not even 10. JUST 4. Be smart and stick to the best, you'll thank me later. There are just that not many people out there that you can trust.

That close to the 150k is giving me a new source of motivation to watch my expenses a bit more, but it look to me like I could get on the 150k worth soon without any other investment. In other words, I could just let it go, and do nothing more than what had been done so far. However, I doubt I will ever go that way, investing is a drug, an addiction and I cannot stay too long without doing anything at all, even if its only contribution in kind to my TFSA. My next investment move in RBC Royal Bank, I just keep thinking about it.

Not that I adore RBC Royal Bank. They had treated me like a piece of shit in the past. For no reason, they have increased the interest rate on my credit line. Since they didn't want to do nothing about it to help me, I have pay all of my debt and I have sell of the investment that I used to hold with RBC. Get that RBC! Now, the only reason why I want to invest in RBC is that I am in search of a "safe" investment, even if nothing is really 100% safe, its possible to invest in more conservative stocks and RBC is to me one of those stock. After all, if this baby is soon going to hit on the 200k net worth, I need to do something.

There's only 2 ways to see an increase in my net worth: to invest more or pay down my margin. At $66 272.29 of usage, I still have available a bit more than 20k available on it. Just to say that my 137k non-registered portfolio have a margin worth of $88 000 - a lot of sexy cash. But no problem, I won't pick on that $20 000 available, I promise. I am starting a new journey with this saving mood. I have a deep taste for makeup, skin care, anti wrinkle cream, clothes and so much more. And coffee, and tea. Beer and wine. So when you like that much of things, money can go fast. Its just a matter to switch to my old saving behavior.

In a few days from now, we'll know if our TFSA contribution will get double or not. That will be on April 21 and I cannot wait to hear about the good news that will come from that budget. Since we are in an federal election period, the timing is just perfect for the Tories to please Canadians and especially to please me.

My investment portfolio on date of April 18, 2015

Cash: $1 272.17

Non registered Investments:
Stocks and Units investment portfolio $CAN
Timminco (TIMNF): $0.49
Bank of Nova Scotia (BNS): $7 245.70 
Blue Note Mining Inc. (BLNMF): $0.05
Hanwei Energy Services (HE): $24
Methanex Corporation (MX): $6 996.79
Fortis Inc. (FTS): $4 271.71
Pembina Pipeline Corporation (PPL): $19 496.40
Just Energy Group Inc. (JE): $4 918.72
Pengrowth Energy Corporation (PGF): $966
Enbridge Income Fund Holdings Inc. (ENF): $12 810.20
Corby Distilleries Limited (CSW.A): $2 731.25
Davis + Henderson Corporation (DH): $9 026.64
Premium Brands Holdings Corporation (PBH): $13 263.42
EnCana Corporation (ECA): $3 315.52
iShares S&P/TSX Capped REIT Index (XRE): $2 678.06
Horizons Gold Yield Fund (HGY): $1 188.18
New Flyer Industries Inc. (NFI): $1 556.28
Colabor Group Inc. (GCL): $151.98
TMX Group Inc. (X): $421.44
K-Bro Linen Inc. (KBL): $5 210
Westshore Terminals Invest Corp (WTE): $6 568.80
WesternOne Inc. (WEQ): $459.80
First Majestic Silver Corp (FR): $621
Kinross Gold Corp (K): $421.29
TransCanada Corp (TRP): $1 408.50
Canadian National Railway Co (CNR): $7 307.10
Enbridge Inc. (ENB): $1 814.68
Agrium Inc. (AGU): $3 381.04
Canadian Utilities Limited (CU): $1 676.22
Crescent Point Energy Corp (CPG): $712.14
JFT Strategies Fund (JFS.UN): $2 163.99
Black Diamond Group Ltd (BDI): $391.50
Emera Inc. (EMA): $1 034
Cineplex Inc. (CGX): $1 234.50
Barrick Gold Corp (ABX): $623.20
BCE Inc. (BCE): $1 187.34
Stella Jones Inc. (SJ): $786.40
Saputo Inc. (SAP): $1 421.60
Toronto-Dominion Bank (TD): $1 114.40
Lassonde Inc. (LAS.A): $1 371.10
Loblaw Companies (L): $756.72
Lumenpulse Inc. (LMP): $725
Laurentian Bank of Canada (LB): $961.40
The North West Company Inc. (NWC): $1 254 
Glentel Inc. (GLN): $1 513.20 

TOTAL: $137 181.75

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): $993.81
Cash: $4.12

TOTAL: $997.93

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): $45.21
Dumont Nickel Inc. (DNI): $48.79
Sprott Physical Silver Trust UTS (PHS.U): $1 579.28
Sprott Strategic Fixed Income Fund (SFI.UN): $287.50
RioCan Real Estate Investment Trust (REI.UN): $1 027.60
Precious Metals and Mining Trust (MMP.UN): $360
Sprott Inc. (SII): $2 685.80
Data Group Inc. (DGI): $509.54
AltaGas Ltd (ALA): $1 249.20
CT Real Estate Investment Trust (CRT.UN): $1 256
National Bank of Canada (NA): $1 123.78
Canadian National Railway Co (CNR): $3 247.60
Glentel Inc. (GLN): $2 269.80 
Exchange Income Corporation (EIF): $4 791.64  Firm Capital Mortgage Investment Corporation (FC): $484
 
Cash: $155.60

TOTAL: $21 121.34

RSP investment portfolio:
Sprott Canadian Equity Fund: $3 476.98
iShares Gold Bullion Fund (CGL): $3 619.98
Emera Incorporated (EMA): $9 926.40
EnCana Corporation (ECA): $1 689.64
Sprott Physical Silver Trust UTS (PHS.U): $526.43
Toronto-Dominion Bank (TD): $1 671.60
Barrick Gold Corp (ABX): $779
Stella Jones Inc. (SJ): $3 932
Telus Corp (T): $2 103.50
Stantec Inc. (STN): $1 017.60
Cash: $196.36

CIBC Dividend Growth Fund: $747.66
CIBC Emerging Markets Index Fund: $362.88
CIBC Monthly Income Fund: $1 297.09 

Energy and Base Metals Term Savings (Indexed term savings): $577.30
Natural Resources Term Savings (Indexed term savings): $502.45

GIC National Bank: $1 293.77

Manulife Fidelity NorthStar GIF CAP B: $1 133.15
Manulife Simplicity Growth Portfolio: $1 217.32
Maritime Life CI Harbour Seg Fund: $1 322.91  
Maritime Life Fidelity True North Seg Fund: $1 506.06
Manulife GIF MLIA B World Invest: $1 021.92

Great-West – various: $2 498.71
Various other mutual funds: $1 413.97
Other: $1 428.59

TOTAL: $45 263.27

Social Capital at Desjardins Membership share: $35 Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:

$205 871.46

My debt situation on date of April 18, 2015

$66 272.29 at 4.25% (margin money coming from my broker account) = 

$2 816.57 in annual interest

*For a complete update regarding my debt, click on the label "Debt situation" located at the right column of this blog.

Hello Théodore Chouinard-Pellerin! ;-)

I finally went for my tax declaration and on my way, I saw a Quebec "TV star", Théodore Chouinard-Pellerin of 30 Vies. In Montreal, I saw other different stars quite often. Michel Tremblay, Daniel Bélanger, Denis Coderre (if you consider ah ah), Yann Perreau, Herby Moreau, Gabriel of Radio Radio. And also Geneviève Borne, but only once on Ste-Catherine. The most exciting part is to see a star when its less expected and tonight was less expected, like I was going for my tax declaration... lol. If I wouldn't be busy on my way to go somewhere I would probably turn around and follow the poor Théodore. I guess he was meeting some friends to watch the hockey game. I did follow once Michel Tremblay and I followed him until he made it to the library. That was a few years ago already. I usually see Michel Tremblay every year at different spot on the Plateau Mont-Royal. Another time, Herby Moreau was doing bicycle with his son in the Old Montreal. And I also saw once Denis Gagnon on bicycle near his store. Its about all of the star excitement I got from Montreal. But I have to admit, tonight was a good one. And I spot Sammy right away. Exciting revelations: Théodore is quite tall white guy and look exactly the same as on TV LOL.

My non-registered portfolio closed at $137 659.27, which is a nice jump compare to the 134k-135k where it usually stand. I guess I I may be the Dividend Girl of course, but I haven't update my dividend income since the beginning of the new year. There's no specific reason, if not that I am not blogging as frequently as before. But so far for this month, my dividend income had been great. 

Currently, with a non-registered close to the 140k, I only have one concern. I had bought Glentel Inc. (GLN) several months ago, in the hope that it will get acquired by BCE, but nothing happen yet and I have to say that I cannot wait to get rid of that stock that I both hold in my TFSA and non-registered. In my non-registered, the money will go to pay down my margin and in my TFSA, it will help me to finally do my move in RBC.

Many problems had stopped me from investing lately. I am spending too much. I had to pay for my tax declaration and really soon, I will probably have to pay around $500 to $700 extra in taxes from my estimate.

Unless to see some "stars" from time to time, the live in Montreal doesn't worth it. In Quebec, salaries are outrageously tax. There's no access to health care. Education system is really poor and super expensive. I am only in Montreal by necessity, its not a choice. I forgot among the way my goals. I need to move to my old way of doing things. I used to be the most fabulous money saver of all. But no matter what, my net worth is probably around $135 000 right now. Since the beginning of the year, its not only my dividend income that I didn't update, but also my investment portfolio page. Updating my portfolio page is terribly long. Too many investments and too much money to be count. However, the exercise is always pleasant, especially when the net worth more than the expected. But will it be?

So stay tune to find out and to read again even more because its the only thing you can do to make me happy.

Another upcoming contribution in kind for my TFSA

This year, Spring had come after Easter. It felt good this weekend to but away the winter coat and boots. The weather finally changed for the best in Montreal and tomorrow is going to be even better. And during that time, trust me, I am not blogging. I just have to remember to do my tax declaration sometime.

The TSX continue to hit on the 15 000 points and it has good effect on my portfolio. My non-registered portfolio closed this past Friday session on the $136 272.57, leaving me with $19 087.87 on my margin. Usually, when it happen that I have a lot like this on my margin, I do 2 things: I invest in new stuff using that money left on my margin or I do contribution in kind from my non-registered to my TFSA portfolio.

With a portfolio and a new worth exceeding the 100k, strangely, I no longer get excited with the idea of investing using my margin money. It wasn't too long ago that I had a student loan and other debt on my back. It was a pain to pay off everything, so no way that I will go up on my margin account. Currently, I am using $66 564.32 of my margin. I am not necessary looking to pay it down, but I don't want to used more of my margin cash.

The second choice is what I usually do these days, I do contribution in kind to my TFSA. My Laurentian Bank of Canada (LB) is the investment currently in my radar that I am looking forward to switch this one over to my TFSA. I still have in mind to invest in Royal Bank once I will be ready, but no other new investment ideas have cross my mind.

Real soon, we are going to learn if the government of Stephen Harper will double the TFSA contribution amount. I think it will get double since we are in an election period.

It sad, but I am very far from loving Justin Trudeau - he doesn't have a good leadership and I don't like the individual. Not that I like more Stephen Harper, but I really don't feel it when it come to Trudeau. And forget about NPD. Its sad, but Stephen Harper is probably going to remain in power, not that I like it.

Celebrating my first million pageview!

I just came back from a quick vacation in New Brunswick. Once home, I quickly unpack my suitcase and I open my laptop to check on my precious stocks because I had no clue of what was going on with the market and for a few days, I just totally forgot that I had so much invested. The stock market didn't mean a thing. But now that I am unfortunately back in Montreal with the ugly snow, trust me, I was glad to see the TSX exceeding the 15 000 points because that mean for me a great deal of money in my portfolio.

Next best part being that I just hit the million pageviews of my blog, I am now at 1 002 027 pageviews. It quite nice that it had happened after my vacations.

So stay tune for more great news.

Getting rich is easy with DH Corp (DH)

I didn't blog in a little while, I had been busy at living stuff, but its not because I am posting nothing that I am not watching the stock market shit. Yesterday, I got scared, my non-registered portfolio was down to $124 000. What???? But that's only because there was a hold apply to my DH Corp (DH) stocks. I had purchased my DH stocks many years ago and since that time, the stock grow like crazy, showing up to the world how damn good I am. Years may pass by, but good stuff are here to stay FOREVER.

;-)

According to some analysts, DH could hit on the $45 per share... Can you imagine!!

Today, my non-registered closed on a $133 502.73, which is where it should be. I have left $16 573.03, which is very good knowing that I try to stay around 13k but the higher is the better. I am no longer investing on margin and I try to do my best not to go pick on the 16k left. $67 087.12 is what I hold in debt. I don't expect to really pay it down because the amount is too huge and I already sacrifice enough by paying my student loan and all the other debt I used to hold in my trouble past. Don't ask me where I am going, but I can say for sure that I will no longer get into debt more that I have now.

I am going on a vacation and after that, I will be doing my tax declaration and after that, I will do my best to invest in something new for my portfolio, probably RBC stocks like announced previously.

The JFT Strategies Fund is doing quite well and I am just looking to sell off a few units to get my hands on some cash, but that will not be for now. My invisible rule is to sell off each time I get a $500 in profit. I had been holding JFT in my portfolio since its initial public offering and since that time, I had made a one time $500 profit - it happen once. I hope it will happen a second time. Free cash for the summer would be fun.

Save and easy investment: Royal Bank of Canada (RY)

With the cold wither weather, my hair turn dry and when I went for an hair cut, I have them cut shorter than usual and I have problem to get use to it. It's not super short either way, but I miss my longer hair. Winter had been really rough this year, making it impossible to enjoy the weather at some points. I just started taking again some walks and stuff. Its been crazy and not a very enjoyable time.

I have a few vacation days plan ahead and I am going to happily leave this Quebec province behind for at least a few days. Life is too hard.

While Derek Foster is at home doing home schooling to his many children and writing a newsletter about it and publishing it, I for my part, I haven't invested in something new in quite a while. And since Spring is in the air, I am in the mood for new investments for my portfolio!

The idea is not new, I had my eyes on Royal Bank of Canada (RY) for quite a while. Its still on the $76 and I just have one idea, its to buy a few shares of RY while the price is still right. As always, the stock market is all mess up with a bunch of up and down. But good thing is, its a great time to buy stock for the long run. And again, it should be done inside a TFSA.

Royal Bank of Canada (RY) is an easy and simple choice. At this point, the yield is 4%. Do you know a lot of investment that pay out a 4% guarantee? Its really the way to see it. At this point, I am really amaze because I thing I have my chances to reach the $140 000 in net worth by the end of 2015. I believe in the chances. It make quite a bunch of cash.

For new investment, I also had my eyes on Progressive Waste or something like it, a Canadian stock, but Susan Brunner had a bad experience with it. Let say that its not a killer stock. I also had my eyes on Dorel, but I am very happy to not be invested in Dorel because of it current situation. One stock that I mention before and that I still have interest on today is Alimentation Couche-Tard Inc.

I had bought a new lipstick at La Baie today, Baiser Velours Nude Kiss by Lise Watier and I love the shade.

(Sorry for ending being off topic but it cannot be worst than a millionaire writing about home schooling instead of stocks. 

Cannot get enough of M. Derek Foster).

Two contributions in kind to my TFSA at TD Waterhouse

A few days ago, Derek Foster finally gave sign of life and wrote a newsletter about the TFSA, and that we should all contribute to it, that too much people do not invest inside their TFSA. Well, it happen that I am one of these people. 

To start the year 2015, I had $23 738.83 contribution room left for my TFSA.

I even have more contribution room inside my RRSP, but I no longer want to invest inside a RRSP. First of all, RRSP is complete bullshit. You get a tax credit for the year you invest in the RRSP, but 30 years later, bad surprise, heavy tax come once its being touched, so there's no real gain. And anyway, I don't want to benefit from my money when I will be old and grey and that my whole sexy body will be hurt because of gravity. I want to benefit from my money now while my body is still fresh and shining. And for that, the TFSA is the perfect tool.

We never know when a bad luck can happen, job loss, or health problem, or whatever else. And when those things happen, we need money NOW. Not later. That's one of the biggest reason why I am against the idea of investing inside a RRSP. I do invest in the RRSP with my current job, but that's all.

So today, I listen to Derek Foster and I decided to invest inside my TFSA. I did a contribution in kind of my current investments in Exchange Income Corporation (EIF) and Firm Capital Mortgage Investment Corporation (FC) that I hold inside my non-registered account.

To make a contribution in kind - that mean to take existing investments that are from a non-registered portfolio and make them transferred to a TFSA - is really easy. You just need to call your broker, tell which stock you want to transferred, give your order and in a day or two, the investment will be inside the TFSA. The broker will ask a funky question: do you want to place the transferred for the stock at its highest or lowest level value of the day? To that, I suggest to always answer the lowest because the lowest you go, the more you have left in contribution room for the TFSA. Also, if you currently experience a capital gain on the investment you want to get transferred over the TFSA, you'll pay tax on that - that's another reason why to always answer the lowest value of the day.

With EIF, I was experiencing just a few dollars gain and for FC, it was a small capital loss.

EIF had a margin value loan of more than 1k. If you have a non-registered account with a margin, you need to make sure to have enough in cash reserve inside the non-registered portfolio to take the place of that 1k value that will be soon gone.

A contribution in kind is free of charge at TD Waterhouse.

While holding a margin link to a non-registered, stuff are always complicated, but things will go smoothly if you enjoy dealing with stress and if you are good dealing with market shit.

I guess everything had been said. lol

I had applied to a job. So far, I got a phone interview. And I also did a test. No answer yet, but I believe in my chances because I prayed God to help me.