UA-300188601-1 The Dividend Girl: June 2008

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Tuesday, June 24, 2008

Cleaning my banking account

I had most than 7 000$ in regular savings in my banking account. But the money is no longer there... I recently invest in stocks and mutul funds of Sprott Asset Management. It might be my last investments I will make for a while, since I don't have too much left in my banking account, barely enough to cover my expenses for next month. Anyway, I am pretty please with everything, except the service I receive from TD Waterhouse. I am getting a bit closer to my 50 000$. But it require so much work, I wonder if I ever could reach my goal.

I might be able to purchase other stocks by the end of August. For incoming project, there some investment I would like get rid off, but I don't want to lost the initial investment, so I am waiting.... but how long will I have to wait? Another one will be to have my credit check. And the last one to look around for stocks, for my next buy in August.

Wednesday, June 18, 2008

Another mutual fund....

I call TD yesterday to see if there was any fees related to the purchased of some units of the Sprott Canadian Equity Fund (SPR001) and there's none. I was told that for some funds TD charges fees and for other, they don't. Which I really don't understand, because I believe they get a compensation on a way or another from the company where individuals like myself purchase funds. I know how it works.

I don't really follow what I write on this blog. I first taught about the iShares, now stocks, and now back to mutual funds, when I just told myself I will not purchase mutual funds ever again... Anyway, that Sprott Canadian Equity Fund is a mine of gold and I would like to invest in it, even if the management fees are high (2.5%). And they also request that we keep the investment for 6 months, minimum investment is of 5 000$, which I currently have in my Waterhouse account. If not hold for 6 months, there's a penalty. But in case of need, I could always pick in my non RRSP mutual funds I have everywhere else. Because it's really investment all over the place. Like if I was willing to try anything kind of investment for money. This is the case. And it's really only for money.

But so far so good, as I stick to my 3 jobs to make near 800$ per week after taxes. I get kind of tease at one of the job. But I don't really care, as I never really care about what was going at my different work places. At one of my job, some idiots keep talking to me in English, while I am French and speak a some kind of broken English. Anyway, I don't pay too much attention, I reply in French. I don't care for anything else than the money I can make from different jobs. I am so not such difficult that everything is going very smoothly. And I am pretty good, as it been going on for a while now and money is coming like crazy, I just have to look at my expenses carefully.

After this investment (5 000$ in the Sprott Canadian Equity Fund, non RRSP), I won't be able to make any more investments for a while maybe, as I need to save 7 000$ for my RRSP of January 2008. And it will be good if I could pay off those stupid loan debts.

I feel lost in the finance world and stocks are tricky. Sprott Canadia Equity Fund appears to be a good solution. It's been well ranked by MorningStar even if the fund doesn't appear in the Analyst pick. Maybe because of its high fee. And it's also a bit volatile, but I am looking for a long-term investment. So now, I only have a phone call to place to make myself super rich with the Sprott Canadian Equity Fund. It is soooooo simple.

Tuesday, June 17, 2008

Making my first bucks from stocks

If it wasn't because I am working, I might spend the whole day in front a computer, looking for my SII stocks.... In date of yesterday, I made 75$ from those Sprott stocks. It just now I am realizing how much I can make if I can just be lucky for once in my life.

I also have an eye on Rogers stocks, the B ones. I just put another 1 000$. I also would like to invest in Sprott Canadian Equity mutual fund. It's just too bad I didn't find about this fund earlier. There's like too much I want to invest into and I just have too little money. I also have to thing about my RRSP.

Stocks are a lot of fun. Regarding Rogers stocks, I believe they are a good investment. I learn that the dividend will go up to 1$ per share in 2008, from what I read in their financial statement. I had been looking into them for a while, and they are a buy for a short term period, as previously, Rogers share went up to 52$.... And now the price is 40$ and something...

Friday, June 13, 2008

I purchased my first stocks yesterday

I just purchased my first stocks yesterday. I purchased 500 stocks of Sprott Inc. (TSX: SII) at 9.74$ each. I believe I made a good investment and I plan to keep those stocks for a while. I am too curious too see after one year how much will be the dividend and also the return. I prefer to invest in stocks that cost less than buying stocks of major banks which could cost me as much as 50$ per stock.

I was quite surprised to learn about Sprott and when I discover their mutual funds, I was even more surprised that those funds don't appear in the analyst pick of MorningStar. I read the article of the Globe and Mail that I find on Sprott Web site and from what I understand; their way of investing might be too different than others. That's why I never new about them before I saw that magazine at the Chapters. And I learn about it just at the right time, when I was desperately looking for stocks to invest in.

I just hope I made a real good investment. But only time will tell.

Sunday, June 8, 2008

Some good news

I had a couple of things done I wanted to do during those last days. I had opened a banking account with RBC. That account is free for me since I had opened a credit card (that I never used and don’t plan ever to use by the way lol) + mutual funds with them. I just went to the RBC site earlier, and I can see my investments. I can also sell my investments at any time. Which is great, because I can wait to get ride of the RBC O'Shaughnessy International Equity Fund. Other than that, I plan to keep the other mutual funds I had with them.

I understand I should probably get ride of them and sale them all, but I prefer to keep them as I feel I don’t have that much money to invest in stocks and if something would had to happen to my stocks whatever the reason could be, I wouldn’t like to be out of money. But I might no more invest in mutual funds.

Regarding my account at TD Waterhouse, I decide to keep the account and use it, even for the reason exposed in the previous post, I really wanted to close it. The thing is that I investigated. If I decide to close the account TD Waterhouse staff will have access to my information for a period of 1 or 2 years. After what, my account will go into their archives for 7 years. After 7 years, but only after 7 years, everything disappears. This is the difficult part for me. That’s the only reason why I will keep the account. And another reason is that since I subscribed to eService, I won’t get any fees for being inactive. So I decide to keep the account. I won’t do what that poor Lisa O’Toole tell me to do (I suggest to read the previous post to understand). I know I shouldn’t complain, but investments are the only thing in my life I have totally the control on, and I want to keep it that way. I don’t want idiot to tell to send my SIN and another ID via the mail. Which I find totally stupid, knowing I had presented those items once I open the account. Anyway, I understand. And no one else seem to understand, especially TD Waterhouse agent, I have to tell. And I have a lot to tell. I won’t put my trust in them to get some advices on how to invest my money. Because I worth more than that.

I had good news this last Friday; I got a call from the place where I used to work on Saturday and Sunday. It’s seemed like they now have work for me… And I now will have 3 jobs. It’s really too bad it’s coming back now, especially during summer time. But I don’t care that much, the only thing I care about, as usual, is the money. I expect to earn 761$ after taxes weekly. This is very good. So this weekend was my last off weekend. I went to the movie and I did a bit of shopping and it was all, after doing the usual.

I also put an extra 4 000$ in the TD Waterhouse account. So now I have 9 000$ to purchase stocks. And I am kind of lost at this point. So iShares or stocks, I am kind of desperate. The best option should be stocks I believe, and maybe I should stick on the ones of Derek Foster book, even if after what happen at TD Waterhouse, I really begin to hate the man. The thing is he explain that he start with a TD Waterhouse account and the eServices, without suggesting his readers to do the same. At some point, the guy has responsibilities toward his readers, even if his books start with a disclaimer. And especially knowing his books are bestsellers. I just hope he is saying right.

 

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