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Wednesday, August 15, 2007

My favorite mutual fund: RBC O'Shaughnessy Canadian Equity Fund

I like my RBC O'Shaughnessy Canadian Equity Fund!

Unfortunately, the fund is now close to new investor. I am very proud to have it in my portfolio! I begin with a first 2 000$ in November 2006 and later on, just before the fund close, I put an extra 1 000$ into it, in January 2007.

My only regret is that I haven't been able to put more money into it. I could put an extra 1 000$ or 2 000$ at the time, but what is done is done. There might be other great mutual funds out there where I can put my money, I just need to find them. Right now, I have an eye on the BMO Greater China Class and the RBC Global Resources Fund. I have been checking the RBC Global Resources Fund since a couple of days now, knowing the stocks are getting down, and the price of each unit is now 34.3236$, which is less then 35$ or the 40 and something each part worth last July.

Anyway, in date of July 16, 2007, my 3 0000$ investment in RBC O'Shaughnessy Canadian Equity Fund gave me a return of 555.87$! I just cannot say how much I was proud of the return! But now, in date of today, August 15, my 3 000$ now worth 3 185.46$. Even if the markets are going down, I didn't loose any money of my initial investment.

What's important for me, for a long term basis, is to be able to say to myself: I didn't loose any money with the product and I have a good return on my money for a long term basis. It's the reason why I prefer for now mutual funds.

Tuesday, August 14, 2007

Freelance mode or doing anything and everything for money

Last week, I made, after deductions, 1 050$ in one week! I work 40 hours in a job, 40 hours at another job. I can easily make 1 000$. I just have to work 80 hours weekly.

My mutual funds (non RRSP)

So far, I have invest my money in 4 mutual funds.

Here they are, with the original amount I invested in them:

RBC O'Shaughnessy Canadian Equity Fund: 3 000$
RBC O'Shaughnessy International Equity Fund: 1 000$
RBC O'Shaughnessy All-Canadian Equity Fund: 1 100$
Fonds Desjardins Fidelity Frontière Nord: 1 000$

Total: 6 100$

Planning to get ride of the smallest amounts of my credit cards debt any time soon

Which include:

AE: 11.50$ at 18.50%
TD Credit line: 56.64$ at 10.50%
TD Visa: 19.58$ at ?

Total that will be pay off: 87.72$

After what I will stop using the TD credit Line and the TD Visa once there will both at 0$. And maybe I will close the TD Visa. I have too much credit. In total, I have 3 credits card and one credit line. And it’s too much.

My basic monthly expenses

Rent (all included): 400$
Metro pass: 65$
Minimum payment on student loan: 158.54$
Minimum payment on credit cards: 100$
Living expenses: 500$

Total: 1 223.54$

Monday, August 13, 2007

Overview of my financial situation on date of August 13, 2007

Student loans: 12 369.03$ at 8.750 %

Credit card debt:
AE: 2308.66$ at 7.99%
AE: 11.50$ at 18.50%
TD Credit line: 56.64$ at 10.50%
TD Visa: 19.58$ at ?
CIBC Visa: 419.47 at ?

Total credit cards debt: 2 815.85$

TOTAL DEBT: 15 184.88$

Total of money put in my RRSP so far: 9 042.96$

Non RRSP investments:
Money put in non RRSP investments: 6 100$

ING Direct: 288.76$
Savings: 11 325.73$

Big total (RRSP + non RSP investments + savings - debts) in date of August 12, 2007:
26 757.45$ -
15 184.88$ = 11 572.57$

Almost there…. I am half away of my 50 000$ and I think I can easily get there. Why? Because I am a hard worker and I have really few expenses. In 3 months from now, in November 2007, I believe I will have a total of 33 000$ in cash flow. With all that money, should I pay my debt or invest the money in mutual funds?


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