What to do with your TMX Group (X) stocks by August 5, 2011

While being away, I received a voting package for TMX Group (X), a yellow sheet. Unfortunately, I was in vacations I just return yesterday and the limit date for the vote was June 28, 2011. It’s about the Maple Group proposal, which I am totally against. Banks and other Canadian financial institutions already control enough, if you want my point of view. Luc Bertrand is another of those banker pigs who want everything under his control. Imagine, Luc Bertrand own 500 000 stocks of TMX Group (X). And now, he’s acting as CEO of the Maple Group who wants to acquire the TMX Group! That’s a complete non-sense and investors have to recognize the lack of integrity, so common in Quebec, of Luc Bertrand. As a shareholder of the TMX Group (X), Bertrand is acting with a lot of dishonesty. What he’s looking for is to cash a big amount of money once the Maple Group will complete the acquisition of the TMX Group (X).

Investors like myself of the TMX Group (X) has until August 5, 2011, 11:59PM Eastern Time to take a decision: option 1: cash in the maximum of money of the 50$ per stock that is propose by the Maple Group OR option 2: get a maximum of stocks of the new Maple Group organization.

I don’t have any interest in the Maple Group and I just find it very stupid coming from the financial institutions to come with this plan that they cannot really afford anyway. It’s all a matter of money. Why do you think Thomas A. Kloet is running like a fool to get a deal completed? It’s all a matter of money and Kloet is showing sign of a big lack of integrity because he had declared before that the Maple Group would not be of a great benefit for the Toronto Stock Exchange. But now that the deal with the London Stock Exchange is dead and after paying million of dollars to the LSE, now, the idiot is running after the Maple Group to get a deal completed. But why?

Maple Group offer 50$ per stock for up to 80% of all of the X stocks that are out there. Currently, the TMX Group stocks do not worth 50$ per stock. The current value is below 44$ per stock. So see, what Thomas A. Kloet wants is CASH. And a lot of it. And it’s totally disgusting. Those bankers are getting paid million of dollars annually but that’s not enough for them. They need to destroy the Toronto Stock Exchange just to make even more money.

In Canada, we live in a corrupted financial system that allow idiots like Thomas A. Kloet, Brian Mulroney and Henri-Paul Rousseau do whatever they want. Stupid and idiot.There's nothing you can do to protect yourself because Canadian society accept corruption.

If you are currently a shareholder of the TMX Group, I will suggest you to select the option 1. Get a maximum of cash – you deserve it as much as I do – at no commission fee and get the hell out of the Maple Group. The Maple Group is evil, it’s an attempt from bankers to control it all. Once the deal completed, the Maple Group stocks value could drop. The Canadian Exchange is great yeah, but it doesn’t worth 50$ per stock. Once the acquisition completed, the stock value will drop. That’s what I think. I also see in this option 1 a great way to decrease my margin usage and a great way to make good cash on something that I would prefer not to happen: the destruction of the Toronto Stock Exchange by some Canadian financial PIGS. Go for the cash, stay away from the Maple Group.

Still waiting for my Bank of Nova Scotia (BNS) dividend

A couple of good and bad news. The bad news: I am back in Montreal and my vacations are OVER. I left New Brunswick closed to midnight yesterday crying like a little mermaid. I didn’t want to leave. The ride on the bus was awful. The seats were not comfortable and I had trouble to just stay on my seat. The bus was almost full of passengers so I could absolutely not change of place. But I think it would have be the same thing on a different seat. I took 2 Gravol before getting on the bus, but maybe I should take 2 other ones half way. They make me feel a bit stone and sleepy. Without them, there’s no way I could had go through the ride.

X town in New Brunswick to Montreal

Anyway, I arrived at my apartment at 7AM. Everything was like I left it: nothing was missing from my one and a half container and the door was still locked. Yeah. Montreal is as beautiful as I left it. St-Laurent Boulevard was shinning under the hot August sun.

I taught I was pretty smart because I had escaped the heat wave that hit Montreal while being in vacations for the past 2 weeks. But it seem like the extreme hot weather is not over yet. Today is not that bad because there’s wind, but still, the weather is hot, but not extremely hot. But still, it was quite impossible for me to start ironing my t-shirts this morning. I place some stuff back into their usual places but I am not even done yet. I got ready and went to pay my BMO MasterCard. And here I am on my laptop at the Second Cup, at my usual spot, because it’s too hot in my apartment. The heat is not gone and this week is going to be awfully hot.

Spending money

For this month, I only have 278$ left to pay on my loans and stuff so it’s not that bad. The next pay check will take care of it. I spend more than usual, but despite all, it was quite reasonable. I count less than 1 000$ in expenses. Not much knowing that amount included groceries for the first 2 weeks of July and my bus ticket. My bus ticket was of 175$ in total. Part of the ticket got covered by my online money making. I shop before and while I was away and bought stuff but it was mostly things that I need, like a new pair of running shoes, a pair of shorts, t-shirts, a new bathing suit as the other one was going see through, 2 summer dresses, a pair of jeans, make-up and I guess that’s about it. I walk around a lot and I have problem to do one complete year with the same pair of running shoes. I don’t have a metro pass but that’s wanted.

Money money money

I am currently fighting my demons and I am trying to start a job search. For months I had been enjoying a lot of free time by just working at my evening shift and weekend job. Getting a daytime job inside my actual schedule is needed and possible. Also at this time, I would like to find a job in New Brunswick. I truly don’t know why it’s so complicated for me, but that’s certainly because I have it all, right. But at the same time, what I want is to have more cash to invest. So like usual, I am going in all the directions. I am like a chicken that got the head cut and is running everywhere. Everywhere but I have an idea of where I am going. Or kind of.

I know it’s not what Obama wanted, but I am happy that the US had resolved part of their problems. It made me feel better because I have a lot of money invested on the stock market. I was ready to take a deep plunge, but if it can be avoid, that’s better, isn’t? Despite it all, my non-registered portfolio is getting through this without too much trouble.

The Maple Group deal is completely retarded

I closed Friday session at 109 437$. Not bad, but I am far from the usual 113k. I still have left more than 20k in my margin account. That’s not too bad either. While being away, I received a voting package for Blue Note Mining (BNT), but I passed the day for the vote. Too bad. I also received a package from TMX Group Inc. (X), asking me to choose between cashing in 50$ per stock or getting just a transfer of title. I don’t believe in the Maple Group and I find it pretty disgusting. So if you asked me between cash or shares, I pick the cash. Banks are not very generous when it comes to dividend and Canadian financial institutions are going to put a lot of their shit on the Toronto exchange. I am voting against the Maple Group project. But if the deal go through, I want the cash, not the shares. At 50$ per stock, I am going to make a few hundred bucks on this and yeah, despite it all, life is good. And I am still waiting for my Bank of Nova Scotia (BNS) dividend to kick in. My dividend income is doing fine for the month of July.

If you want to find out how to save big bucks on sun tan lotion because summer is not over yet but my vacations are, click here.

Newest member of the Sprott Asset Management LP family: the Sprott Strategic Fixed Income Fund (SFI.UN)

Since I am pretty much fully invested, I don’t have that much money available to invest when good opportunities present by themselves or when new interesting financial product comes on the market. The Sprott Strategic Fixed Income Fund (SFI.UN) is one of those opportunities. While being in vacations, I am more or less disconnected, so I did not notice this new Sprott product until today. But SFI.UN had been launched just last week.

On July 19, Sprott Asset Management LP, who now manage 10$ billion in assets, had closed the initial public offering of Sprott Strategic Fixed Income Fund (SFI.UN). SFI.UN started its journey with 210$ million.

The Sprott Strategic Fixed Income Fund (SFI.UN) was launched at 10$ per unit. Today, despite the fact that the stock markets, US and Canadian, are both in bad shape, well, that doesn’t seem to bother the Sprott Strategic Fixed Income Fund (SFI.UN). Not at all. Currently, or should I say 20 minutes ago, SFI.UN trades at 10$ per unit. The fund is related to the fixed income, something very conservative and mostly made for seniors who don’t want to deal with too much risk under this market ultra volatility.

Myself, as part of fixed income, I own some GICs. I also own some units of the CIBC Monthly Income Fund, which is part of the fixed income family. Major part of my portfolio is invested in stocks. So adding a fixed income to my non-registered portfolio could be a good way to diversify the asset, but also, add something strong and stable in the value. Also, Sprott Strategic Fixed Income Fund (SFI.UN) units are diversified in themselves, meaning the money of the fund is diversified in different companies.

The Sprott Strategic Fixed Income Fund (SFI.UN) is actively manage, a bit like a mutual fund but in much better because SFI.UN units can be purchase just the way you purchase stocks. And from my understanding, the Sprott Strategic Fixed Income Fund (SFI.UN) will proceed with dividend distribution of 6% per year. And it’s been said: “to begin with”. Depending of the success of the fund, SFI.UN may eventually increase its dividend. But for now, a 6% yield is quite good. And on top of that, SFI.UN will proceed with monthly distribution! Isn’t that fantastic? Also, the fund dividend distribution offer a tax advantaged basis.

A 1 000$ investment in the Sprott Strategic Fixed Income Fund (SFI.UN) would provided a monthly income of... 5$. And a 2 000$... 10$. Gotha loves the stuff.

The US Republican Tea Party is destroying the economy worldwide

The non-registered part of my portfolio closed yesterday session at 109 730$, leaving me at 20 890.44$ on my margin account. Not too bad, knowing what’s on right now in the States. I find the Tea Party members really immature. John McCain is not showing great leadership and it’s a real good thing that the idiot did not win the last US elections. However, I heard a good speech of him at the news, saying that the Tea Party members who are also in the Congress were young in their jobs and that they needed to follow advice of older Republican Congress members. This is good for John McCain. 

A question still remain: how long will it take to go through a complete agreement? We need to remember the Tea Party members as a bunch of little idiots. The US destroys the economy in 2008 and they are doing it again today. Nothing to be very proud of. As you can imagine, I am following all this the best I can but in front of a big market correction, I won’t be able to do that much. As said previously, my best advice will be to HOLD, especially if you don’t need the money for another 5 to 10 years, which is my case.

I hope the Republicans are happy of themselves because right now, the TSX is under the 13 000 points. In results, my non-registered portfolio is now at 109 290.39$. It’s not that bad, but the day is not over yet and there could be deeper loss but usually, everything get pretty much set in the morning. I am down to 109k right now, but what about next Monday and the days after? Once an agreement is being take in the US, the TSX may jump back to the old 13 000 points but still, it remain far from the 15 000 points of 2008.

Seem to be better now, my portfolio reached 109 463.32$. That was 20 minutes ago. I may go through this day without a margin call. And after, it’s going to be the weekend and Monday latest, I am hitting back, unfortunately, to Montreal. Got to work still. It’s not going to be a Stop Working for me anytime soon. I spend hundreds of dollars and I am very happy about it.

On how the US debt crisis is affecting my investment portfolio

I was sad to learn that Jack Layton has a new cancer. Like if one was not enough. I hope for a quick come back. And just to make things worse, yesterday, the stock market took a deep plunge! My non-registered portfolio closed yesterday session at 109 945$. This amount left me with more than 21k on my margin account. I lost close to 4k in one day of trading, can you believe that... Usually, my portfolio is around 113k and, in very good days, it goes up to 115k. If only the US could deal with their debt problem properly, I wouldn’t be in that shit right now. No taxes for the richest? TAX AND TAX NOW AND IN DEEP!

I mean, Obama is so courageous. We need to respect the man who’s battling with the Republican PIGS. I am for a capitalist system, but it need to done with respect. And not taxing the richest people of the States is kind of evil. It’s the evil side of the capitalist system in the US. We are pigs, we want more, don’t tax us. Paris Hilton and the bunch of other dummies living richly in the States for no reason at all need to pay more taxes. It could be part of the solution, that and cutting unnecessary spending, froze government salaries. For me, the solution is quite easy actually. August 2 is coming and no decision had been taken.

The credibility of the US that is taking a slap. And in result, the Canadian dollars reached 1.06$. Despite it all, I don’t think the Canadian dollars will remain this strong forever. I was very tempted to transfer another 1 000$US in my US broker account but I need to keep the money where it is, in case, you know, of a very in deep correction.

At this time, investors, the good and the bad ones are all in the same boat... Not that I am suffering from this. I am use to the market volatility. It goes up and down most of the time, that’s how it goes. I am doing fine for now, but if no agreement is being vote in the US, well, I could face a margin call. In case of great needs, I have money I can take on my credit cards and 6 000$ available on credit lines... But of course, the interest rate on the credit cards is of 19% or something like it. Susan Brunner suggests to get a credit line, it make a lot of sense. Maybe TD will be kind enough to increase my credit line. I did not take any actions yet, I am just thinking and while facing the devastation, I am not doing much. This is being said, I think that the fact that I am in vacations is not playing in my favor either. That and the devastation.

However, the devastated stock market is not that devastated. Just for me, the Toronto Stock Exchange is up of a couple of points and in result... TADAMMMM... my super super non-registered portfolio is at 110 161.14$. I may go through this, but without any decision being taken on the US debt, my portfolio value could significantly decrease. This is the situation being live by every single retail investors at this time. All in the same boat.

What will make a difference at the end is the reaction of the investors while facing the crisis. Under no circumstances asset should be sell. We saw that in 2008, there’s been a sudden plunge, and then again, the market goes up again. I totally recover from that crash, but it been hard. This time could be worse and I wonder how deep it can go. But today, the stock market gain points just for me :0)

Directly from New Brunswick

My vacations so far had been very great, but I had been shocked to learn the dead of Amy Winehouse. It something that really touch me. A Quebec journalist once wrote a couple of weeks ago that Winehouse career was over following the slop of her latest comeback. Well, it wasn’t her career that was over, but Amy life was over. But there was such that great powerful voice coming out of her. And that enigmatic, so charming, delicate personality.

Amy Winehouse was a shining star, but her drug and alcohol addiction ruined it all and it’s something very unfortunate. It must be very hard for her family. Addiction to drugs and alcohol is a disease and it’s something extremely difficult to fight. I never been an addict myself, but I have a deep sense of what it might be and truly, the dead of Amy is a big lost. No one should blame her immediate family for her dead. Addiction is one of the worst diseases ever. Drugs and alcohol addiction is a modern disease that destroyed too many lives. Personally, it’s one of the reasons why I am totally against the legalization of marijuana or any other type of drugs. We should not make drugs accessible. Not at all. A society has the responsibility to protect individuals, not to destroy them. But that’s something Amir Khadir cannot understand.

Another very sad event was the shooting in Norway. Too many dies and for what purposes? The killer was an extremist. Better be aware and protect ourselves from extremist individuals. In Canada, we have Amir Khadir. I am not saying that Amir Khadir is about to get guns and open fired BUT, just like the Norway killer, Amir Khadir is an extremist who needed to be control before it’s too late and before Amir Khadir started destroying the Canadian country.

It would be too complicate for Amir Khadir to defend the rights of the middle class and the poorer. He doesn’t want to defend the direct interests of the district of Mercier. Instead, Amir Khadir defends the interests of people we don’t know anything about: the Palestine. Amir Khadir is a lazy man who doesn’t care about the interests of Canadians. Amir Khadir had been living in Canada since his young age; I don’t think he specially knows what’s really going on in Palestine. Taking defense of a country instead of another one is not his job. That’s NATO job. It’s not the job of a racist immigrate who said about the Prince William and the Duchess of Cambridge that they are parasites. Canada owns a lot to England. We have the country that we have today because our strong British heritage. I don’t think any Canadians would have live to be under France. There’s a lot of French of France that immigrate in Canada, stealing jobs belonging to French Canadians because, well, want to do? France is a lot like Quebec province: both extremely weak, no common sense, extremely stupid and arrogant. Never put your trust in French of France, never put your trust in Quebeckers. That way, you’ll save yourself a lot of miserable time.

Latest example would be in the evil Dominique Strauss-Kah. French arrogant politician who has sexually abuse a New York hotel employee. Ok, you’ll say, he has not been find guilty. I know those French idiots by heart. No need to get a jury, no need to get a judge. I am the judge, I am the jury and I am telling you right now: Dominique Strauss-Kah is guilty. I applause the courage of Nafissatou Diallo for her coming out. Dominique Strauss-Kah is a big pig and he’s going to pay. It wasn’t the first time he was committing sexual crimes. In France, he got cover. But in the USA, no one is going to help him this time and he’s going to pay, this time! 

In France, Carla Bruni got pregnant from Nicholas Sarkozy just to make diversion on her husband very very bad leadership. French AND Quebec people are PIGS. Get that in your head, move straight forward and no one will be able to stop you from being successful. As Prime Minister, Stephen Harper doesn’t do enough to protect Canadians from the menace.

And see what France had done with Africa, Haiti: terror and destruction. French Canadians living outside Quebec need to be aware of those distinctions between France and England, Quebec and Canada. We need to protect our society so things like in Norway don’t happen here in Canada. Stephen Harper voice is not strong enough and I don’t think Stephen Harper is a warrior. I don’t think Stephen Harper care in deep about Canada. I don’t think Stephen Harper can protect this country. We need to take care by ourselves, be aware and become extremely sensible to our social environment. In that sense, Quebec separation from Canada would be at the advantage of Canada.

And by the way, what’s Amir Khadir contribution to Quebec society? Try to figure it out! Personally, I don’t care because I am a New Brunswicker, but there are questions that Quebeckers need to ask themselves. And fact is, Quebeckers are not courageous enough to go through in deep of their social disease. Instead of fighting for things that don’t have any interest for Canadians, Amir Khadir needs to study the reality he live in. Like immigrate who had been doctors in their country, try to practice in Quebec province. The Collège des médecins make things impossible for them. I personally know a Haitian who was a pediatrician in her country. She left Haiti with her children following the terrible earthquake. Well, you know what? That doctor was working with me, at the same position as mine in a Montreal call center. Is that supposed to be fair? She did all she could to practice in Quebec, but the Collège des médecins made things impossible for her.

After a couple of months of working in a call center, that brave lady left Quebec province to go back in her country. When she told me good-bye, that she was moving back to Haiti, I cried because I was totally in pained. I told her that Quebec government was a shame, that I was in pain to see her leaving, that I would have like to do something for her but I didn’t know what to do. I told her that it was better to leave to practice as a pediatrician rather than living in a province that does not respect her rights. I explained her – even before – that I was from New Brunswick, that there are French communities out there and that maybe things could be easier for her in New Brunswick. I never knew if she had done some search for practicing in New Brunswick, but when she left, I told myself that I wasn’t going to stay in Quebec province for long.

Amir Khadir is not strong enough to handle real Quebec life situations. He’s a doctor himself, he could do something to make things easier for foreign doctors who want to relocate in Quebec province – but hey, Amir Khadir is way too lazy for that. Instead, the jerk prefers to insult our monarchy and prefer to appear in the spotlight. No real work is being done by Amir Khadir. It’s about time for Quebeckers to wake up. Don’t you think so?

The role of a politician is to defend the interests of its people, not to play NATO role, and not to offend Canadians and our monarchy. That’s all I have to say for now. Enough of the bullshit.

And how about a dividend boost for the summer?

The weather had been very great for the first couple days of my vacations. But for the last couple of days, it’s been raining and I had been working at this post while being stuck inside. But I am enjoying myself, especially knowing that the weather is extremely hot in Montreal. So it’s a real blessing to be here in New Brunswick, far away from the extreme heat. I go crazy when the weather is hot, I cannot stand the heat. So far, the summer has been good in Montreal, but right now, it’s awful and I am very please, extremely pleased to be away, to be here in my X hometown in New Brunswick.

These last couple days had been very good for my portfolio. My non-registered portfolio closed today session at more than 113k, so I am very please, I don’t have to stress over my margin affair. I know that I have more than 22k left on the margin account and that I am safe.

Since its raining and that I am stuck inside watching Radio-Canada (since it’s the only channel we get here – my Chatr Wireless cell phone barely cap the network...) with my laptop on my side, I decided it was time to make it happen. I decided to review the asset mix of my portfolio in order to maximize the dividend income.

So here it is, the BEFORE - my investment portfolio the way it is now. This meaning that I exposed my dividend income the way it is at this time. I had excluded the special dividend payment from the calculation:

Current non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII)
Dividend yield: 1.38%, 0.12$
Dividend distribution: 122.40$

Timminco (TIM)
Dividend yield: None

Blue Note Mining (BNT)
Dividend yield: None

Bank of Nova Scotia (BNS)
Dividend yield: 3.71%
Dividend distribution: 222.56$

Hanwei Energy Services (HE)
Dividend yield: None

Methanex Corporation (MX)
Dividend yield: 2.26%, 0.65$
Dividend distribution: 66.95$

Fortis (FTS)
Dividend yield: 3.62%, 1.16$
Dividend distribution: 124.12$

Pembina Pipeline Corporation (PPL)
Dividend yield: 6.03%, 1.56$
Dividend distribution: 694.20$

Just Energy Group Inc. (JE)
Dividend yield: 8.88%, 1.24$
Dividend distribution: 809.72$

Pengrowth Energy Corporation (PGF)
Dividend yield: 6.90%, 0.84$
Dividend distribution: 183.96$

Enbridge Income Fund Holdings Inc. (ENF)
Dividend yield: 6.14%, 1.15$
Dividend distribution: 373.75$

Corby Distilleries Limited (CDL.A)
Dividend yield: 3.40%, 0.56$
Dividend distribution: 57.68$

Davis + Henderson Corporation (DH)
Dividend yield: 6.42%, 1.20$
Dividend distribution: 248.40$

Premium Brands Holdings Corporation (PBH)
Dividend yield: 7.76%, 1.18$
Dividend distribution: 497.96$

EnCana Corporation (ECA)
Dividend yield: 2.67%, 0.76$
Dividend distribution: 154.28$

iShares S&P/TSX Capped REIT Index (XRE)
Dividend yield: 4.89%, 0.74$
Dividend distribution: 113.96$

Horizons Gold Yield Fund (HGY.UN)
Dividend yield: 6.57%, 0.65$
Dividend distribution: 130$

Canfor Pulp Products Inc. (CFX)
Dividend yield: 9.09%, 1.60$
Dividend distribution: 163.20$

New Flyer Industries Inc. (NFI.UN)
Dividend yield: 10.75%, 0.86$
Dividend distribution: 178.88$

Capital Power Income L.P. (CPA.UN)
Dividend yield: 9.04%, 1.76$
Dividend distribution: 176$

Exchange Income Corporation (EIF)
Dividend yield: 7.55%, 1.62$
Dividend distribution: 492.48$

Rogers Sugar Inc. (RSI)
Dividend yield: 6.30%, 0.34$
Dividend distribution: 103.36$

Student Transportation (STB)
Dividend yield: 8.85%, 0.56$
Dividend distribution: 114.24$

Colabor Group Inc. (GCL)
Dividend yield: 12.42%, 1.08$
Dividend distribution: 226.80$

TMX Group Inc. (X)
Dividend yield: 3.70%, 1.60$
Dividend distribution: 161.60$

Data Group Income Fund (DGI.UN)
Dividend yield: 14.05%, 0.65$
Dividend distribution: 406.90$

K-Bro Linen Inc. (KBL)
Dividend yield: 5.16%, 1.10$
Dividend distribution: 110$

Westshore Terminals Invest Corp (WTE.UN)
Dividend yield: 6.29%, 0.96$
Dividend distribution: 192$

WesternOne Equity Income Fund (WEQ.UN)
Dividend yield: 9.39%, 0.60$
Dividend distribution: 228$

Atlantic Power Corp (ATP)
Dividend yield: 7.13%, 1.09$
Dividend distribution: 109$

Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)
Dividend yield: None

First Majestic Silver Corp (FR)
Dividend yield: None


Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV)
Dividend yield: None

Tax-free savings account (TFSA):
EnerCare Inc. (ECI)
Dividend yield: 8.13%, 0.65$
Dividend distribution: 1.95$

Dumont Nickel Inc. (DNI)
Dividend yield: None

Sprott Physical Silver Trust UTS (PHS.U)
Dividend yield: None

TOTAL of dividend income: 6 464.35$

And here’s the AFTER. This is a portfolio model that could eventually boost my dividend income. I took the same sum of money and reinvested it in order to increase the dividend income. The stock with the mention NEW are new addictions to my portfolio. I did not invest in the stocks who had mention NEW yet. It was only an exercise in order to increase my dividend income with what I currently have in money. This is what I had came with:

Current non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII)
Dividend yield: 1.38%, 0.12$
Dividend distribution: 48$

NEW: TransCanada Corp (TRP)
Dividend yield: 4.19%, 1.68$
Dividend distribution: 100.80$

NEW: Inter Pipeline Fund (IPL.UN)
Dividend yield: 6%, 0.96$
Dividend distribution: 144.96$

Timminco (TIM)
Dividend yield: None

Blue Note Mining (BNT)
Dividend yield: None

Bank of Nova Scotia (BNS)
Dividend yield: 3.71%, 2.08$
Dividend distribution: 208$

NEW: Bell Aliant Inc. (BA)
Dividend yield: 6.728%, 1.90$
Dividend distribution: 191.90$

Hanwei Energy Services (HE)
Dividend yield: None

Methanex Corporation (MX)
Dividend yield: 2.26%, 0.65$
Dividend distribution: 34.45$

EnerCare Inc. (ECI)
Dividend yield: 8.244%, 0.648$
Dividend distribution: 134.14$

Fortis (FTS)
Dividend yield: 3.62%, 1.16$
Dividend distribution: 66.12$

NEW: Chorus Aviation Inc. (CHR.B)
Dividend yield: 11.928%, 0.60$
Dividend distribution: 194.40$

Pembina Pipeline Corporation (PPL)
Dividend yield: 6.03%, 1.56$
Dividend distribution: 694.20$

Just Energy Group Inc. (JE)
Dividend yield: 8.88%, 1.24$
Dividend distribution: 809.72$

Pengrowth Energy Corporation (PGF)
Dividend yield: 6.90%, 0.84$
Dividend distribution: 183.96$

Enbridge Income Fund Holdings Inc. (ENF)
Dividend yield: 6.14%, 1.15$
Dividend distribution: 373.75$

Corby Distilleries Limited (CDL.A)
Dividend yield: 3.40%, 0.56$
Dividend distribution: 57.68$

Davis + Henderson Corporation (DH)
Dividend yield: 6.42%, 1.20$
Dividend distribution: 248.40$

Premium Brands Holdings Corporation (PBH)
Dividend yield: 7.76%, 1.18$
Dividend distribution: 497.96$

EnCana Corporation (ECA)
Dividend yield: 2.67%, 0.76$
Dividend distribution: 78.28$

NEW: Innergex Renewable Energy Inc (INE)
Dividend yield: 5.66%, 0.58$
Dividend distribution: 167.62$

iShares S&P/TSX Capped REIT Index (XRE)
Dividend yield: 4.89%, 0.74$
Dividend distribution: 74$

NEW: Sentry Select Primary Metals Corp. (PME)
Dividend yield: 9.307%, 1.02$
Dividend distribution: 74.46$

Horizons Gold Yield Fund (HGY.UN)
Dividend yield: 6.57%, 0.65$
Dividend distribution: 130$

Canfor Pulp Products Inc. (CFX)
Dividend yield: 9.09%, 1.60$
Dividend distribution: 163.20$

New Flyer Industries Inc. (NFI.UN)
Dividend yield: 10.75%, 0.86$
Dividend distribution: 178.88$

Capital Power Income L.P. (CPA.UN)
Dividend yield: 9.04%, 1.76$
Dividend distribution: 176$

Exchange Income Corporation (EIF)
Dividend yield: 7.55%, 1.62$
Dividend distribution: 492.48$

Rogers Sugar Inc. (RSI)
Dividend yield: 6.30%, 0.34$
Dividend distribution: 103.36$

Student Transportation (STB)
Dividend yield: 8.85%, 0.56$
Dividend distribution: 114.24$

Colabor Group Inc. (GCL)
Dividend yield: 12.42%, 1.08$
Dividend distribution: 226.80$

TMX Group Inc. (X)
Dividend yield: 3.70%, 1.60$
Dividend distribution: 40$

NEW: Computer Modelling Group Ltd. (CMG)
Dividend yield: 6.432%, 1.64$
Dividend distribution: 205$

NEW: IBI Group Inc. (IBG)
Dividend yield: 8.076%, 1.104$
Dividend distribution: 131.38$

Data Group Income Fund (DGI.UN)
Dividend yield: 14.05%, 0.65$
Dividend distribution: 406.90$

K-Bro Linen Inc. (KBL)
Dividend yield: 5.16%, 1.10$
Dividend distribution: 110$

Westshore Terminals Invest Corp (WTE.UN)
Dividend yield: 6.29%, 0.96$
Dividend distribution: 192$

WesternOne Equity Income Fund (WEQ.UN)
Dividend yield: 9.39%, 0.60$
Dividend distribution: 228$

Atlantic Power Corp (ATP)
Dividend yield: 7.13%, 1.09$
Dividend distribution: 109$

NEW: IBI Group Inc. (IBG): 2 608$
190 stocks
Stock price: 13.67$
Dividend yield: 8.076%, 1.104$
Dividend distribution: 209.76$

NEW: Veresen Inc (VSN): 1 895$
135 stocks
Stock price: 13.96$
Dividend yield: 7.15%, 1$
Dividend distribution: 135$


NEW: AGF Management Limited (AGF.B): 2 541.83$
140 stocks
Stock price: 18.06$
Dividend yield: 5.98%, 1.08$
Dividend distribution: 151.20$

EnerCare Inc. (ECI)
Dividend yield: 8.13%, 0.65$
Dividend distribution: 1.95$

NEW: Calian Technologies Ltd. (CTY): 2 053.83$
105 stocks
Stock price: 19.50$
Dividend yield: 5.128%, 1$
Dividend distribution: 105$

NEW: Northland Power Inc. (NPI): 2 053.83$
124 stocks
Stock price: 16.44$
Dividend yield: 6.622%, 1.08$
Dividend distribution: 133.92$

TOTAL of dividend income: 8 126.87$

The goal of the exercise was to reorganize the portfolio in order to maximize the dividend income. In the BEFORE part, I did not count the special dividend because special dividends are what they are. 2011 has been a great year for Sprott Inc. (SII) special dividend, but the same situation may not happen again in 2012. I wanted to keep it real and just go with the normality.

With this transformation, I was able to boost my dividend income of 1 662.52$. You’ll notice some of Susan P. Brunner stocks in the list. Once, again, I went through her stuff! At 8 126.87$, the annual dividend income is quite interesting. I do not plan to apply the “AFTER” portfolio at this time, it was just a fun exercise to do, while it was raining outside...But it’s quite interesting to see that with a few minor transformations, I am able to exceed the 8k in dividend distribution.

Big bucks to be made on First Majestic Silver Corp (FR)

I am currently in vacations in New Brunswick and I am having a great time. Since last Saturday when I arrived, the weather had been beautiful. I had been trying to relocate here in New Brunswick and today, my mom asked me, but if you move back here (X town in New Brunswick), won’t you miss Montreal? After all I gone through there, it would be a blessing for me to relocate. Quebec province is very evil and Quebeckers suck in all possible ways. So why should I stay in a province where I am not even respected as an individual? Ask me why.

Since I have access to the Internet, I follow up on my investments even while being here. I like to see Sprott Inc. (SII) to gain in value. Atlantic Power Corp (ATP), as well as WesternOne Equity Income Fund (WEQ.UN), are performing very well.

But among my best performers of the time, we find First Majestic Silver Corp (FR). Back in May, my initial investment in FR was of 1 943.99$. FR closed today sessions at a very impressive 23.48$. I could make a profit of more than 300$ by selling FR. This is quite tempting to do at this time knowing that I would eventually need to pay my vacation expenses by next month...

BUT, I truly believe that First Majestic Silver Corp (FR) has potential to gain even more in value and that’s why I am not moving on it right now. But these last couple days had been quite exciting for silver investment. So far so good, my margin account has still more than 22k available. I can breathe. At least for now.

Hello, beautiful summer time

It’s been kind of a crazy week I am telling you! I tried to get all of my things done before going to vacations: paying my bills and my bus ticket, a little bit of shopping. At a point, I was almost desperate when I couldn’t find my bathing suit, but I finally find it, it was somewhere in my bunker box. My one and half apartment is well located in the Plateau Mont-Royal, closed to Mont-Royal Avenue, Park Lafontaine and St-Laurent Boulevard. It’s the dream location, but the dream comes with a price and a tinny space to live in. It’s not that bad. With a bit more of organization, I could make it more enjoyable but I never care about getting my apartment in order. When my mom came last February, she brought a TV and some stuff she wanted to install for the windows. It’s cute yes, but the TV is taking places and I never watched it anyway.

You absolutely have the read the exchange I got with John under My Debt section. John is an accredited investor that got the privilege to meet Jean-François Tardif while he was a hedge fund manager for Sprott. If you don’t know who is Jean-François Tardif, click here. The article would need to be refresh and/or proofread, but it’s something I keep as an ongoing project.

In the meantime, this is my last day of work before going in vacations! I am exciting! And I realize, while looking everywhere for my bathing suit, that I may not have go swim for quite sometimes. Time passing by like if I would be on a jet plane. And it’s not like I am going a lot but all mix together, I have even more than you can imagine to handle right now. The beautiful weather is making it even harder. And we got that beautiful wind downtown Montreal right now. LOVE it.

Remember that I wanted to make a deposit of 2 000$ on my 10 000$ credit line? Well, it did not happen for several reasons. I had spend some money and I am certainly at something like 1 000$ in expenses of all sort. Nothing I cannot pay off, but this mean there won’t be any new investment certainly not before the end of the summer lol! What I did with the money? I had bought some clothes, been eating out a lot, went to the movies, etc. etc. etc. :0) Just because it’s the summer. So what I did with my paycheck of yesterday is that I made a 1 000$ deposit on my margin account. When I come back from vacations, I will see how thing goes and following what I may place that 2k deposit on the 10k credit line. But that 2k deposit is no big deal and is not really important. Since I won’t be around that much to follow my portfolio, I prefer to keep the money on the margin for the time I am away. I will be able to follow the market anyway, but it’s not like I will be in front of my computer from 9:30AM to 4PM. Not!!!

Currently, my non-registered portfolio is almost at 112k, which is very good. I had received some interesting dividend! You can check them out here.

Watch out! Silver is (AGAIN) rocking the place!

Other than that, my silver investments are doing well! First Majestic Silver Corp (FR) is exceeding the 21$, Sprott Physical Silver Trust ET (PSLV) is getting closer to the 22$ of the BEFORE silver crash... PSLV is at 18$+, as well as the Sprott Physical Silver Trust UTS (PHS.U). Those are good signs that things are getting better BUT, I still stuck with the Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). Good to me, I learn my lesson. No more day trading like this. It was about time because I began to regret selling my units of Enercare hold in my TFSA just to trade silver on PHS.U. But I won’t regret anything because here how it went:

In my TFSA, my original investment in PHS.U was of 3 114$. The same investment now worth more than 3 500$. Some people had aggressively dispute my silver investment in the past here in blog comments. But you now have the proof that I was right and YOU were wrong. You got to know who is Eric Sprott. Eric Sprott was right about silver and was right about almost everything. In my mind, Timminco is just a souvenir. I am just hoping this will continue this way. Let’s welcome the silver $$$!

My investment in Sprott Physical Silver Trust ET (PSLV) is more recent than PHS.U. My initial investment in PSLV was of 3 075.16$ and is now of 2 857.40$. I made my first investment in PSLV shortly before the silver crash, this explains why. I also invested a second time in PSLV when the units were at something like 16$. So a mix of 22$ + 16$ units help to re-establish the value of the investment.

It’s just very unfortunate that a silver crash has to happen, but I am confident I will be able to cash big again on silver. This time, I am leaving the silver where it is, I won’t trade it as much as before. BUT trading PHS.U had been very very fun!

Special mention to Horizons Gold Yield Fund (HGY.UN)

I had been holding Horizons Gold Yield Fund (HGY.UN) since their initial public offering. I had purchased my units at 10$ each. But since the moment HGY.UN hit the market, the investment never hit back – or barely never – got back to the 10$ per unit. I had been happily receiving my 10$+ in dividend distribution, but my investment in Horizons Gold Yield Fund (HGY.UN) never gained some value. But today, a “miracle” happens: Horizons Gold Yield Fund (HGY.UN) hit the 10$ per unit! This is happening because I am going on vacations. That’s why ok. I am thinking about selling a part of my HGY.UN holding right now but I won’t.

It’s now official, Horizons Gold Yield Fund (HGY.UN) closed Friday July 15, 2011 session at 10$ per unit! It was about time. Thank you HGY.UN. THANK YOU. :0)

Have a nice summer, I am going away for 2 weeks. I may or may not blog during that period. Thanks for your patience. In the meantime if you miss me, you can read all over from 2007 to present :0) Summer time is always too short. Bye for now.

My Best-Performing Canadian Stocks Year-to-Date

Difficult to realize, but already half of 2011 just passed by just like that, just way too quickly! So far, 2011 had been a very good year. My dividend had increased significantly and I can easily see myself earning the equivalent of 700$ per month from dividend income I wish, by the end of 2011. But the dividend income is not on what I focus on anymore.

I came across this nice article in which is being ranked the best Canadian stocks. Some of my stocks are making the list! Yeah! Here they are, my marvelous, I love you:

Rank 74: First Majestic Silver Corp. (TSE:FR) 38.7%
Rank 119: Canfor Pulp Products Inc (TSE:CFX) 28.6%
Rank 152: Exchange Income Corporation (TSE:EIF) 22.7%
Rank 173: TMX Group, Inc. (TSE:X) 19.5%
Rank 187: Pembina Pipeline Corp (TSE:PPL) 18.4%
Rank 192: K Bro Linen Inc (TSE:KBL) 18.0%
Rank 213: Enercare Inc. (TSE:ECI) 15.3%
Rank 231: Premium Brands Holdings Corp (TSE:PBH) 13.8%
Rank 248: Timminco Limited (TSE:TIM) 12.1%
Rank 323: Capital Power Income LP (TSE:CPA.UN) 8.1%
Rank 369: Enbridge Income Fund Holdings Inc (TSE:ENF) 6.1%
Rank 385: Student Transportation Inc. (TSE:STB) 5.3%
Rank 404: Atlantic Power Corporation (TSE:ATP) 4.3%
Rank 446: Westshore Terminals Investment Corp (TSE:WTE.UN) 2.7%
Rank 468: Emera Inc. (TSE:EMA) 1.6%
Rank 469: Methanex Corporation (TSE:MX) 1.6%
Rank 471: Sprott Inc. (TSE:SII) 1.4%
Rank 477: EnCana Corporation (TSE:ECA) 0.8%
Rank 480: Rogers Sugar Income Fund (TSE:RSI) 0.6%
Rank 485: Corby Distilleries Ltd. (TSE:CDL.B) 0.4%
(I own the CDL.A but I am adding Corby in here anyway)
Rank 560: Davis + Henderson Income Fund (TSE:DH) -1.8%
Rank 592: Pengrowth Energy Corp (TSE:PGF.UN) -3.1%
Rank 602: Just Energy Income Fund (TSE:JE) -3.5%
Rank 625: Fortis Incorporated (TSE:FTS) -4.4%
Rank 866: Colabor Group Inc (TSE:GCL) -21.1%
Rank 880: The Data Group Income fund (TSE:DGI.UN) -22.9%
Rank 922: New Flyer Industries Inc. (TSE:NFI.UN) -28.1%
Rank 1036: Hanwei Energy Services Corp. (TSE:HE) -44.9%

Luckily, most of my stocks are performing well. I was quite surprised to see Fortis (FTS) at -4.4%. In my case, this bad result for the first part of 2011 does not affect me because I had made my investment in Fortis a long time ago, when the stocks were at 27$. From my point of view, PGF had performed well so far for 2011. As for JE, the title is always a bit volatile, but it delivers well. It’s not because a stock is not among the top performers of the first half of 2011 that it’s not a good stock to hold. The market can be quite rough and companies being companies, sometimes, it only takes one small event to destroy all good return.

Take for example the case of Data Group Income Fund (DGI.UN). DGI.UN was relatively stable until technical stock analyst Jeff Parent of the Quadrexx Asset Management badly ranked DGI.UN. Anyhow, you know, sometimes, stuff happen and personally, I prefer to have a portfolio ultra diversify in many companies and in different sectors rather than holding just 6 to 8 companies inside one portfolio. But that’s being, of course, my own preference.

Overall, my non-registered portfolio is doing well. I closed last Friday session at more than 113k, leaving more than 22k in margin cash. I will be leaving for my vacations this next weekend. I probably won’t trade again until the end of the summer, so I taught of transferring 2 000$ from my margin account at 4.25% to my 10 000$ RBC credit line at 7.52%. By doing so, I would be saving 5.45$ per month in interest money. Not a huge amount of course, but it get quite interesting knowing that this week, I will probably be good to make another 1 000$ deposit coming from my own funds. This bring the saving to 11.72$ per month. It’s kind of funny to be talking about saving right now because I had been spending a lot these days and I plan to spend even more for various reasons, you know, vacations and shopping.

Hope you are enjoying your summer because I am enjoying mine. :0)