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Saturday, December 26, 2009

Jason Kirby article in the MacClean's magazine about Derek Foster

Boxing Day is tomorrow and I am very excited. I finally be able to maybe shop for a winter boat and new jeans and some perfume from Body Shop and so on. My list is long, but I limit myself at 300$ in spending. While waiting for the fantastic day to come, I wanted to write on a topic that had been disturbing for me so far.

I appreciate Derek Foster 4 books. I went through this article a couple of weeks ago, someone at the name of Jason Kirby write an article in the MacClean. MacClean is a Canadian magazine – well-respected and so on. Well, MacClean’s magazine was a well-respected magazine until November 26, 2009, date where the magazine decided to publish on his Web site an article title “Lessons from the FALL: Some investors escaped unscathed. How did they do it?”. Jason Kirby article describe Derek Foster journey.

First, to answer this article question, I will say that I escaped unscathed from the stock market crash by following Derek Foster tips that he described in his books. I also escaped by respecting my very own believed. I am not financially very literate, but I believe in the stock market and in the power of Barack Obama on the economy worldwide. It’s the reason why I continue, on date of today, to invest and it’s exactly the reason why I didn’t sell my investment just to sell them.

The article “Lessons from the FALL: Some investors escaped unscathed. How did they do it?” of Jason Kirby is really unfair. One great Canadian had decided to share his financial knowledge to other and this is how the community is thanking him: by publishing an awful article in a national magazine. Until November 26, 2009, MacClean had been the voice of Canadian. But MacClean’s magazine is no longer what its use to be. While I was in high school, my English teacher makes us buy the MacClean’s magazine. We were reading MacClean articles in class and so on. But this was a long time ago and as you can understand, MacClean is no longer what it use to be. And as you notice, I need to refresh my English classes lol…

I am not talking for Derek Foster of course, but I would like to answer to some of Jason Kirby quotes, who seem to be pretty illiterate when it comes to Derek Foster work.

Here we go, let’s begin…

“With a net worth of about $1 million, and time on his hands, he turned to writing. And his books, with titles like Stop Working: Here’s How You Can and The Lazy Investor, suggested the path to retirement bliss was alluringly simple. Buy shares in leading companies that pay healthy dividends, he recommended, and hold on to them for the long haul.”

Nothing wrong with this part, Jason Kirby, so far so good. But just one thing: the path to retirement bliss is simple and easy. Sometime, the easiest things to understand are the hardest one to learn and understand. I know it myself, I had to read Derek Foster books multiple times before catching anything out. Maybe should you read them again?

After this part, Jason Kirby is simply loosing himself in the fact that Derek Foster, the buy-and-hold guy had sell all of his portfolio and so on. Well, I have a little something to add regarding this. Stocks had been made to buy and sell. When I set up my broker account at TD Waterhouse, I give TD Waterhouse a call and place this following request: to make it impossible to sell any stocks from my portfolio. At that time, the investment thing was all new for me and I wanted to find a way to protect my portfolio from fraud or from anything that could happen to it. I am a stocks and units collector, and when I am talking about my investment portfolio, I am not joking. The TD Waterhouse representative explains to me that it wasn’t possible to apply such hold in the account. The TD Waterhouse representative continue by saying that if something happen to one of the company I hold, that I might want to sell. Well, I have to say, that “something” unfortunately happens when Pengrowth Energy Trust (PGF.UN): announced a second dividend cut. At that time, I had a dividend income goal. And Pengrowth Energy Trust (PGF.UN): was going to ruin the whole thing. So I sell. And I made a profit out of the sell. It was fantastic. The point of all this is: stocks had been made to sell and buy. It’s an investment basic rule that I learn at the beginning of my stocks adventure.

Jason Kirby article continue with this very awful paragraph:

“If one were looking for lessons from the financial crisis, Foster’s U-turn would seem to offer plenty to chew on. Like don’t get wedded to any particular investing style. Or if you do, don’t panic when things turn rocky. Not that Foster, who just published his fourth book, Stop Working Too: You Still Can!, says any of that applies to him. He insists he didn’t get spooked by the crash, and says that bailing out near the bottom of the market, and then buying back in after the rebound didn’t cause him any grief, or even lose him any money. “I’m not any further ahead or behind where I would have been,” he says, thanks to a side strategy of buying put options, a complicated tool that lets investors bet on falling stock prices. Instead, the number one lesson Foster says he learned from the experience was not to share every investment decision he makes with the public.”

Derek Foster was honest enough to go out publicly with the fact that he had sold his portfolio. Myself when I learn about the even, I was all confused and I didn’t understand what it was all about. But in this investment game, the person who invest and decide to become an investor had to be very confident about him/herself. It’s all about listening to your feeling. I had been successful so for because I had followed my feelings and my feeling was to stick to what Derek Foster was teaching in his books. When I decide to sell my 600 and something units of Pengrowth Energy Trust (PGF.UN) a little while ago, I sell because another dividend distribution cut by Pengrowth Energy Trust (PGF.UN) was disturbing me and I really taught, at that time, that Pengrowth Energy Trust (PGF.UN) was going to loose some great values. So I sell. I sell because I belive in my feelings and like Derek Foster who sell his portfolio because he taught that the whole financial system was going to crash. I was wrong and Derek Foster was wrong too. Finally, Pengrowth Energy Trust (PGF.UN) didn’t loose any of its value, even after the company announced a second dividend cut. The financial system didn’t crash down.

Just to say that investment is a lot about feelings and self-confidence. Derek Foster had a good heart enough to go public with his decisions. The reason why is simple, Derek Foster know for sure that some people are trying to do the same thing as himself when it come to investment. But also, his books are bestsellers, so he had the responsibility to go public with his decision. And this was the right thing to do. Personally, I don’t think Derek Foster regret his move. His honesty will sooner or later pay off. I completely disagree when Jason Kirby say: “(…) the number one lesson Foster says he learned from the experience was not to share every investment decision he makes with the public.”

Actually, Jason Kirby article is all bullshit… lol…

But you didn’t read the most hilarious part:

“For everyone else though, the lesson should be blindingly obvious: don’t listen to anyone who tells you they’ve discovered the path to easy riches and a carefree retirement.”

I am partially blind from the left eye (if I cover my right eye, I can barely see from my left eye, got the picture?) , I don’t know if it’s the reason why I believe in Derek Foster strategy so much, but so far so good. I made enormous profit from my investment by following Derek Foster and I am not done. I am on the road for my first 100 000$.

Derek Foster investment picks are awesome. He is a good stocks picker. Better than Eric Sprott, from whom I only lost money with his Sprott Canadian Equity Fund. So when talking about Derek Foster, better be careful or I will come to the rescue.

Here another little thing coming from Jason Kirby:

“What’s worse, some Canadian investors borrowed heavily to buy stocks, a practice known as margin investing”

I read Derek Foster books over and over again. And guess what? Derek Foster the margin investing in one of his books, but I couldn’t tell which one. See, Derek Foster quotes are print in my heart and I know the content, I just cannot say what belong to which book anymore. But I have to say, Derek Foster clearly warn investor about margin investing. Derek Foster point of view about margin investing is clear: no one should use margin investing to invest in the stocks market. And guess what, I do not use margin investing. It’s too dangerous. If you want to invest, start from the bottom and fly right to the top with your own money. This is working fine for me.

In the second page of his article, first paragraph, Jason Kirby does not write anything about the fact that Derek Foster does not recommend margin investing. You want to know why? Because Jason Kirby is not a well-known journalism. Jason Kirby is not a bestsellers author or a well-known investor. But Derek Foster is. Could it be jealousy? It’s certainly is.

Jason Kirby end his article with this sentence: “Perhaps the best lesson to take from the fall is to simply remember that sooner or later, it will happen all over again. Will you be ready?

My answer to Jason Kirby: don’t worry about it, I WILL BE READY. I AM READY.

So now, time for Jason Kirby to recycle into something else than journalism and for MacClean to close their Web site and stop publishing their magazine. And time for me to take English courses;) And talking about English courses, did you know that Derek Foster had teached English overseas? Its actually how he met his wife. Isn't lovely?

Anyhow, it was about time to show the world the stupidity of MacClean’s magazine toward Derek Foster. But its now thing done.

Tomorrow is the best day of the year, it's Boxing Day and it's going be awesome! Happy Boxing Day! Shopping time!

Friday, December 25, 2009

Investment made easy and… sexy

Or about my strategy to reach the 100 000$ in assets for 2010

Forget about pals with MBA… I am a middle class worker with basically no education lol and I am proud of it. And guess what – my prediction for 2010: I will definitely reach the 100 000$ in assets. If you fully want to understand how, you better read this post. It contains valuable information on how I plan to do it.

I decide I wouldn’t let my chance to reach the 100 000$ in assets for 2010 run away! At first, reaching the 100 000$ can seen as an impossible goal. But it’s not. This 100 000$ is truly achievable because I had been thinking the whole thing from different angles and no matter from which angles I take, I have to confess, I do not see any restriction or any reason why I couldn’t reach the 100 000$ in assets in 2010. So why not? Let’s do it!

Here is the plan:

In date of December 5th, 2009. I own 63 653.01$ in fabulous assets. And in date of December 25, I own even more, because the TSX had gain significant points on December 24, my stocks and units investment portfolio alone had gain 348.91$. Isn’t sexy gains?

Back on December 5th, the value of my stocks and units portfolio alone was of 36 661.08$. On date of December 25th, the value of the same portfolio is of 37 009.99$. I am taking those gains as Christmas gifts.

Currently, the overall value of my entire portfolio might be around 64 200$.

100 000$ - 64 200$ = 35 800$

I am missing 35 800$ in order to reach my goal. Got the picture? But wait…

Between January 2010 and March 2010, I plan to save 2 000$ per month for my RRSP:
2 000$ x 3 = 6 000$

35 800$ - 6 000$ = 29 800$

In 2010, I will probably earn 3 000$ from dividend distributions of my current portfolio:

29 800$ - 3 000$ = 26 800$

I have 9 months, the period covering April 2010 to December 2010 to add 26 800$ to my portfolio. This represents the amount of 2 977.78$ per month for 9 months… Quite a lot of money. My top contribution can be of 2 000$ per month. This mean that I will be probably missing 8 800.02$ to reach my goal. But… Since my portfolio is diversified, I am expecting a grow of my portfolio of around 8% for the year 2010:

64 200$ x 8% = 5 136$

8 800.02$ - 5 136$ = 3 664.02$

I will be missing 3 664.02$ to make it happen. But…

During the year 2010, I will earn new dividend from my new investments. And I like to believe that the amount of those new dividends will be of 3 664.02$ or that the interest grow of my entire investment portfolio will be more than 8%...

There’s nothing sure about this 100 000$ goal of mine. I definitely need a good market situation, I need to keep working at my 2 jobs and if not, looking for a third source of incomes. I do not really care of what it will take me. But 2010 will be the year of the 100 000$. Believe it or not. I had to let everyone know about this.

Thursday, December 24, 2009

My Bell Aliant Regional Communications Income Fund (BA.UN) dividend

I received my Bell Aliant Regional Communications Income Fund (BA.UN) dividend on date of December 15, but I just notice the transaction today. I had received 24.15$, no DRIP from this one as Bell Aliant Regional Communications Income Fund (BA.UN) value is currently close to 28$ per share. So guess what I did – I transfer the little amount over my TD credit line and I am pretty happy about it.

Currently, my stocks and units investment portfolio is at 36 748$, which is an increase of…. 86.92$ compare to December 21. Hot good news.

Monday, December 21, 2009

I am now at 63 653.01$ with my overall investment portfolio

Fantastic result today for my investment porfolio! For the first time ever, what I own at TD Waterhourse currently reach more than 40 000$. Not so bad, knowing I still hold bad invesment. The overall initial value investment was making a total of 46 856.17$.

I could sell, of course, but if I sell, I screw up all of my chances to get over those losses one day. And we are talking of an amount of around 6 000$ in loses.

I am very proud of my investment in Enbridge Income Fund (ENF.UN). Not too long ago, I purchase 300 units of Enbridge Income Fund (ENF.UN) at the price of 11.95$ per unit. Currently, each of the Enbridge Income Fund (ENF.UN) worth 13.20$... I make a profit of 375$ in a matter of just a few days. Let’s say the timing was good. I am just hoping things will continue like this.

Believe it or not… I made a profit of 5$ today by purchasing 100 stocks of Corby Distilleries Limited (CDL.A) at 15.35$. Corby Distilleries Limited (CDL.A) close the day at 15.40$. Small, but still rewarding profit… I am that good :)

I guess this purchase close my 2009 investment adventure as I need to keep some money in or my rent and other… Hope 2010 will be the wilder, sexier and hottest and most profitable year of all. Will I reach the 100 000$ in assets in 2010?

Who really knows, anything could happen.

Derek Foster had to come with new investment ideas. That's all.

Stay tune… lol

My investment portfolio in date of December 5, 2009

2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio

Sprott Inc. (SII): 2 424$
Timminco (TIM): 278$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 050$
Hanwei Energy Services (HE): 183$
Methanex Corporation (MX): 2 095$
Fortis (FTS): 2 753$
Pembina Pipeline Income Fund (PIF.UN): 6 767$
Just Energy Income Fund (JE.UN): 5 328$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 141$
Bell Aliant Regional Communications Income Fund
2 675$
Pengrowth Energy Trust (PGF.UN): 58$
Enbridge Income Fund (ENF.UN): 3 750$
TOTAL: 33 898$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 5 079$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 509.14$
Creststreet Alternative Energy Fund: 1 154$
TOTAL: 3 663.14$

CIBC Dividend Growth Fund: 477.29$
CIBC Emerging Markets Index Fund: 475.33$
CIBC Monthly Income Fund: 950.53$

Energy and Base Metals Term Savings (Indexed term savings): 503.46$
Natural Resources Term Savings (Indexed term
: 502.06$

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.45$
TD Monthly Income: 99$
TD Emerging Markets: 83.21$
TD Energy: 79.89$
TD Precious Metals: 106.24$
TD Latin American Growth: 98.97$
TD Entertainment & Communications: 101.73$
TD Dividend Growth: 187.60$
TD U.S. Mid-Cap Growth: 93.40$

Maritime Life International Equity Fund (Templeton):
Manulife Simplicity Growth Portfolio: 839.19$
Maritime Life CI Harbour Seg Fund: 1 001.81$
Maritime Life Fidelity True North Seg Fund: 940.64$
Maritime Life Trimark Europlus Seg Fund: 722.60$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 481.96$
RBC U.S. Mid-Cap Equity Fund C$: 1 708.71$
RBC Global Resources Fund: 795.81$
RBC O'Shaughnessy International Equity Fund:
RBC O'Shaughnessy All-Canadian Equity
GIC Canadian Market: 1 000$

TOTAL: 18 367.43$

Social Capital at Desjardins Membership share for 3 accounts:

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (45.14$):
61 095.40$
[In date of December 5, 2009]

It's official, I now hold 100 stocks of Corby Distilleries (CDL.A)

I had purchased 100 stocks this morning of at 15.35$. My regular stocks and units investment portfolio is currently at 35 055.86$! Currently, the overall value of what I own at TD Waterhouse is now of 40 002.76$. If the day finish this way, for sure I will update my portfolio on my blog. As for now, I have to go, running to my 12 to 6PM shift... but afer, I will be back home..

Saturday, December 19, 2009

Welcome Corby, 100 new stocks of Corby Distilleries (CDL.A) in my investment portfolio

I wake up… at 4PM. I arrived at home early, around 2 :35AM. I had to wait about 15 minutes before catching up a taxi. I have to say, the sleep was good. I usually wake up at 10AM in the morning. It’s actually what I had been able to go. I am slowly getting use to my new schedule. I taught I was working on Boxing Day and guess what, I am finally not working. I do not work on Monday, but at my other job I do, so I might get up earlier or do the shift until late to get some money for the Boxing Day. I wouldn’t like to get more debts than what I have now…

If I spend 300$, it will be good. I am not really in needs of anything, unless a little pair of shoes I could leave at work. I don’t like to be working with boots in my feet. So at one job, I left my Nike shoes, and at the daytime one, I could be wearing a cheap pair of shoes. I don’t like to carry too much stuff with me when I move from a job to go to the other one. It’s easier than I taught. Guess the money really motivate me. And I am actually amazed on how much I can save. Living in Montreal is a blessing. The cost of living is relatively inexpensive and this allows me to save big bucks every month.

And talking about money, I currently have 1 593$ available in cash in my new broker account! I just notice it right now… Of course, whenever I log in to my laptop, I first go pay a visit to my online investment portfolio at TD Waterhouse, after I took a look at my new broker account (sorry, I won’t say with who it is to keep my employer name private lol)…

The trade commission being exceptionally low, I can easily purchase 100 stocks of Corby Distilleries (CDL.A). On Friday, Corby Distilleries (CDL.A) close at 15.33$. So I am placing my order right now for Monday! I place my order at the limit price of 15.40$. My new online broker account is very easy to use. It’s let’s user print out there orders… Nice, but my printer is in its box, with no ink.

Wouldn’t be time to update our dividend income?

Sprott Inc. (SII): 505 x 0.10$ = 50.50$
Bank of Nova Scotia (BNS): 104 x 1.96$ = 203.84$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 104 x 1.04$ = 108.16$
Pembina Pipeline Income Fund (PIF.UN): 407 x 1.56$ = 634.92$
Just Energy Income Fund (JE.UN): 411 x 1.24$
+ 82.20$ of the 2009 special dividend = 591.84$
Yellow Pages Income Fund (YLO.UN): 420 x 0.804$ = 337.68$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 6 x 0.84$ = 5.04$
Enbridge Income Fund (ENF.UN): 300 x 1.152$ = 345.60$
Corby Distilleries (CDL.A): 100 x 0.56$ = 56$
= 2 687.84$
+ let’s say 100$ from the DRIP= 2 787.84$

My new acquisition just bring a little 56$ to my dividend income. But a 56$ is still a 56$ and since Derek Foster hold Corby Distilleries (CDL.A) in his portfolio, I had to hold some Corby Distilleries (CDL.A) stocks in mine too lol, even if we are talking of only 100 stocks. Little investments here and there can really make a difference at the end.

Friday during the day, the value of my portfolio gain major bucks. But at the end of day, it was a back-to-normal situation. My new Corby Distilleries (CDL.A) acquisition adds value to my portfolio. It’s actually adding 1 533$ to my overall portfolio…. My units and stocks investment portfolio is currently at 34 658$, which represent an increase of 760$ compare to December 5th. For my overall portfolio, let’s be super optimistic and say its all increase of 1 000$ this last Friday.

Here’s the maths:

1 000$ + 61 095.40$ (which is the value of my portfolio on December 5th) + my new investment of a 1 533$ value…
= 63 628.40$

It’s difficult to imagine I own that much…. I am actually only missing 36 371.60$ before reaching 100 000$. I believe this can happen for me in 2010. This is the ultimate goal, let’s say. I will certainly continue to invest in 2010. I am just so into that thing right now! In the last couple of weeks, my portfolio grow and got stronger with Bell Aliant Regional Communications Income Fund (BA.UN) and Enbridge Income Fund (ENF.UN).

The weekend on, I want to see Avatar at the theater, the new movie of Canadian James Cameron. I like his blue soft characters; they are very exotic and sexy.

Friday, December 18, 2009

Another marvelous: Davis + Henderson Income Fund (DHF.UN)

Surprise.. I finally find out how to transfer funds quickly and easily to my new broker account. At first, I proceed with a type of transfer that will take 3 to 5 days to be completed! On the 17th, I transferred 1 500$ from my also new banking account to my very new broker account… And ho surprise, the money wasn’t there! I really dislike electronic transfer of money. But lately, I discover another way, which is easier and the transfer is almost automatic: I simply need to proceed with the transfer of the money I want to use for trade in a special account that had been open for me. Anyway, the whole thing is completely different than TD Waterhouse so I was very lost in the whole process. It’s frustrating because I really wanted to get some Corby Distilleries (CDL.A) stocks, but I guess this will have to wait until next week.

Anyway, I do not have enough of 1 500$ anymore to purchase 100 stocks of Corby Distilleries (CDL.A)… The value of the stocks is currently of 15.060$. The reason why I invest in Corby Distilleries (CDL.A) is to increase the number of stocks I hold in my investment portfolio. The vast majority of what I own are .UN investment.

Talking about .UN investment, I went through one I didn’t know before: Davis + Henderson Income Fund (DHF.UN).

I never heard of Davis and Henderson before starting my new banking job. I know them for cheque orders… Today, when looking around my TD Waterhouse account, while looking under Sprott Inc. (SII). And I notice those words: Davis Henderson… Sound familiar! And guess what? Davis + Henderson Income Fund (DHF.UN) is affordable (16.280$). Don’t you find the + between Davis and Henderson kind of mysterious? I do.

Davis + Henderson Income Fund seem be a bit volatile as its activities are in the finance sector. Why I am saying so? Because of the difference between the highest (16.790$) and the lowest (10.40$) is about 7$. A quick search gave me the impression that Davis + Henderson Income Fund is a good investment for beginners like myself. The best is yet to come…

Davis + Henderson Income Fund (DHF.UN) annual dividend is of… 1.836$ per unit! Can you believe? 1.836$ per unit!!!! This is hugeeeeeeeeee.

Davis + Henderson Income Fund (DHF.UN) is on my list of companies I HAVE TO invest in.

100 units of Davis + Henderson Income Fund (DHF.UN) will provide me an annual income of 183.60$. My 100 stocks of Corby Distilleries (CDL.A) will provide me an annual 56$. At that time, I will be very close to 3 000$ in dividend income… And closer to financial freedom….

Special dividend from Just Energy Income Fund: get more from your investment

Ok, just before starting talking about dividend, I have to make my special announcement: my stocks and units investment portfolio is currently (12:26PM) at 35 031.79$! This represent an increase of 1 133.79$ compare to December 5th. On December 5th, the value of my stocks and units investment portfolio was of 33 898$. This is very great and jus now, knowing that my portfolio had increased of more than 1 000$ within 2 weeks make me feel awesome lol.

Just Energy Income Fund declare a 20 cents special dividend

And not a 0.1333 one! So this is even better. I don’t know where I got the 0.1333 special dividends from. I may have read the news release too quickly. I currently hold 411 units of that extra fabulous Just Energy Income Fund (JE.UN). Which mean that I should received 82.20$ in special dividend from Just Energy Income Fund! Isn’t great?

I am currently off this afternoon of my day time, but I work at my evening job and I have off Monday! So it’s making myself kind of a small vacation from work. I quite enjoy having free time once in a while. The weekends are always so short.

With this great news regarding Just Energy Income Fund, I really wanted to calculate my annual dividend earnings… One more time!

My future food and money provider:

Sprott Inc. (SII): 505 x 0.10$ = 50.50$
Bank of Nova Scotia (BNS): 104 x 1.96$ = 203.84$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 104 x 1.04$ = 108.16$
Pembina Pipeline Income Fund (PIF.UN): 407 x 1.56$ = 634.92$
Just Energy Income Fund (JE.UN): 411 x 1.24$
+ 82.20$ of the 2009 special dividend = 591.84$
Yellow Pages Income Fund (YLO.UN): 420 x 0.804$ = 337.68$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 6 x 0.84$ = 5.04$
Enbridge Income Fund (ENF.UN): 300 x 1.152$ = 345.60$
= 2 631.84$
+ 100$ from the DRIP
= 2 731.84$

Earning 2 731.84$ from dividend is quite a major deal for me.

And to those numbers, we may add the special dividend of Sprott Inc. (SII). Back in April 6, 2009, Sprott Inc. (SII) had distributed a special dividend of 0.15 cents per stock. At that time, I had earned 75$ from Sprott Inc. special dividend. 2009 had been a pretty tough year for the Sprott Canadian Equity Fund! So I truly don’t know if Sprott will provide a special for 2010. I still hold Sprott Canadian Equity Fund. I purchase this mutual fund just before the major stock crash, just when I shouldn’t. I had invested a total of 7 033.50$ in the Sprott Canadian Equity Fund. On date of today, my 7 033.50$ worth 4 891$. I was confident that Sprott would have work for me, but it didn’t. This was supposed to be the investment that was supposed to make me rich and it simply didn’t. The managers might already have enough pressure on their shoulders, but I have to say, I am an investor and I am not satisfied with Sprott Canadian Equity Fund. Period. But not to blame Sprott only, I am not satisfied with O’Shaughnessy either. My investment are all for a long term, but still, I want to see result on a short term. I am not going to wait 10 years to get a 5% return!

One mutual fund I am totally satisfied with is Creststreet Alternative Energy Fund. Several months ago, I took this great decision: to invest 1 000$ in the Creststreet Alternative Energy Fund. And believe it or not, in date of today, the value of this investment in the Creststreet Alternative Energy Fund is of 1 483.93$. It’s really rare to see mutual funds giving investor a profit in the year of 2009. 2009 had been rough and tough. Cannot wait for 2010 to come in. A new decade, a new year and some positive results coming from the Creststreet Alternative Energy Fund.

So right now, the Creststreet Alternative Energy Fund is kind hot on Bay Street. The Creststreet Alternative Energy Fund is being managed by Steve Martin… Sprott and O’Shaughnessy are in their fifties-sixties, if not seventies lol… and Steve Martin is not even 30 years old. Age have nothing to do with all this, but isn’t time for investors to review their position and forget about the big old stars? Not that I don’t like them, but they don’t deliver. Simple that time. Knowing at which salaries I am working – very crashy middle class – I gave myself the right to say what I like and what I don’t like. I could continue all day long and this could be my longer post ever. Anyhow, right now, I really like the fact that my portfolio had increase to more than 1 000$. I hope the day will end like this, so I calculate my overall value this weekend.

The situation with Creststreet Alternative Energy Fund is really pathetic. Do a search in the Google search engine for Creststreet Alternative Energy Fund. And you’ll see what I mean. My First 50 000$ appear on the first page of the results. This means that not too many things are being said about the super gorgeous Creststreet Alternative Energy Fund. In this case, it’s because of jealously and also maybe because of the sector. But come on, you have money, you want to invest, why would you do like everyone else? Creststreet Alternative Energy Fund is the investment to be in. I might only have invested 1 000$ in the Creststreet Alternative Energy Fund, but if I could, I would have invested more, just that I have that dividend goal in mind and mutual funds = no dividend… But I consider investing another 1 000$ in the Creststreet Alternative Energy Fund in a close future.

Creststreet Alternative Energy Fund rock, no one can deny it.

As for Sprott Inc. (SII), their hedge fund had done well, but couldn’t they have forgotten to manage the Sprott Canadian Equity? I think so. Sprott team had forgotten to manage the Sprott Candian Equity. It’s not only a matter of management, it’s a matter of intelligence. And at Creststreet, they seem to be intelligent, Steve Martin finally appear in their Management Team. You can take a look at his pic right here.

And to continue with Sprott, an article written by Andrew Willis had been published on the Globe Web site, title “Eric Sprott lifts Canadian hedge funds”. Maybe Eric Sprott is good with his hedge fund, but I am telling you, during that time, Eric Sprott had forgotten his Sprott Candian Equity! It’s the only rational explanation I have for me loosing about 3 000$ in the Sprott Canadian Equity Fund.

It doesn’t matter how well Eric Sprott manage his hedge fund, I do not have 150 000$ to invest and I simply do not care about Sprott hedge fund. It’s simply disgusting.

Thursday, December 17, 2009

Just Energy Income Fund (JE.UN) announced a special dividend

On date of yesterday, the value of my stocks and units investment portfolio was of 34 969$, which represent an increase of 1071$ compare to December 5th (33 898$). I am writing right now because yesterday was a special day. It was the first time ever I was doing 12pm to 6 pm at the job which use to be my evening job and.. it was also the first time ever I was working at my regular shift at my new job. My shift there is after 6 until 2AM…. But surprise, this morning I wake up at 9:30AM… lol…. So you can imagine how I am right now, just in need of a double-double….

I had received 52.52$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Which gave me 3 new units. Very exciting! But what’s the most exciting is this: Just Energy Income Fund (JE.UN) had announced a special dividend! YEAHH!

Just Energy Income Fund (JE.UN) had decided to treat their unitholders right on time for the upcoming year 2010. The special dividend will be payable on January 31, 2010. On that month, we will also receive the regular dividend. That’s making some enjoyable extra cash and when considering the DRIP, well, hellooo extra free units! MONEY FOR NOTHING lol. That’s what my conception of Money for Nothing. Of course, you understand that I am referring to Derek Foster book, the one I never understood, Money for Nothing… I cannot understand Money for Nothing book, but what I do understand, however, is that special dividend are hot and sweet.

And Just Energy Income Fund (JE.UN) had understood that also. The estimate amount that will be delivering in the special dividend will be an amount of 0.1333 per share. You have until December 31 to purchase those too hot units in order to receive their special dividend…

Thank you Rebecca!

Tuesday, December 15, 2009

Hello extra cash

Hot news! Believe it or not, my stocks and units investment portfolio had gain 715.73$ on today only! I don’t even make this from one job in a week! And this is happening right here right now on My First 50 000$! So you can forget about what the other guys are doing...

I really need a good news like this one right now! This is just soooo great! My PIF.UN is now at 17.10$ per unit! I originally purchase some PIF.UN when the price was of 12$ per unit… Watching my investment growing by doing just nothing at all is fantastic! It’s very good news because I truly need to catch up – remember I lost 7 000$ in total with bad investments? Those were Timminco (TIM), Sprott Inc. (SII) and Sprott Candian Equity. Not that those were bad investments on themselves, but it’s just I purchase those at the time were I shouldn’t, when they were overvalued… Just to give you a portrait on how much I am addictive to the stock markets, so far, I had invested a total of 46 782.90$ and that 46 782.90$ currently worth 39 532.50$.

46 782.90$ - 39 532.50$ = 7 250.40$ in money lost. I am deeply in the red here. Got the picture?

After loosing 7 250.40$, shouldn’t I get enough of all of that financial crap? NO, I didn’t get enough yet lol… One of the reason why is because I believe that in the upcoming months, I will be able to build a stronger portfolio. 2009 was the year of experimentation and learning. And also, talking dividend earnings, I am currently almost at 3 000$... So:

7 250.40$ - 3 000$ = 4 250.40$

This is basically what keep me wanted to continue because overall, my loses are only of 4 250.40$. Let’s say this was a good way of learning. And I learn the hardest way ever: by loosing some of my own precious money. But even there, over time, I believe my current investment will gain value enough and that -4 250.40$ won’t even appear over time.. Maybe in a year or 2… But only if I don’t make more investment mistakes…

About Yellow Pages Income Fund (YLO.UN) dividend

Today, I had received my Yellow Pages Income Fund (YLO.UN). I had received a cutty 27.68$ in dividend and I earn 5 new units by the magic of the DRIP.

This is my last evening off

So as you can see, I am enjoying my last evening jobs. I get through the integration session without too much trouble. But the job is still very difficult as I received comments like: how come it’s taking so long, usually, this is being taking are in a matter of a few seconds and so on… lol… Relax and stay cool… I am the one handling your call… It is sooooo hilarious… I actually had a call and the customer was like: Are you new? lol… And that’s when I answer: I will do the best to help you or something like it… Isn’t funny?

Anyway, no matter what happen, I am still in and I am integrating my regular shift tomorrow… Cash is going to be extra awesome! And more cash = more stocks…

And talking about more stocks, I didn’t purchase any Corby Distilleries (CDL.A) stocks yet… And I truly regret it! At the time I write about Corby Distilleries (CDL.A), the price was of 14.95$. If I would had only purchase my stocks during that time, I would had made an easy profit of 26$, as the value of Corby Distilleries (CDL.A) is currently of 15.20$... I had been lazy lately and my laziness is costing me money!

Sunday, December 13, 2009

On the road for a second 50 000$

The weekend pass by very quickly – especially after passing almost the whole Saturday sleeping… I do not working in the evening for the next 2 days. Maybe I wasn’t schedule by mistake. But I really do not mind at all. It’s just my paycheck will suffer from it. I am at a point were I would like to be working at one job only. But if I do so, my plan won’t work. I won’t be able to hit the 100 000$ in investment and I truly believe that this could happen for me in 2010. Forget about the 75 000$ or something – I am looking for the 100 000$ starting from now on. It’s not actually the first time that I am talking about a 100 000$ portfolio. And it’s not the last time either.

Each time I could work more hours or do some overtime, I feel sometimes bad about it because I know that I didn’t do all I could to make things happen. Same thing with my expenses. But even if I didn’t do the best that I could, I saw some fantastic results. So can you only imagine what it would had been if I would had done my best – work all the extra hours I could AND spending more carefully my money? I could be on 70 000$ portfolio right now. And that’s disappointing me, but in another hand, I feel I am at the right place at the right time. I could had done better, but I am doing well, still. That’s really a from me to me speech. I am just looking at how things goes right now and I have a feeling that I can possibly each the 100 000$ investment portfolio for my 30th birthday.

My new job is quite stressing. I had brought all of my stuff this weekend to study – but I didn’t read anything. I had enough for now, but I will try to go though a quick reading tomorrow early evening.

I am facing a dilemma: my mental health or a 100 000$ investment portfolio for 2010. Guess which one I had choose… a 100 000$ investment portfolio. ;)

Saturday, December 12, 2009

More about my next investment: Corby Distilleries (CDL.A)

It’s with great pleasure that I am announcing my next investment: 100 stocks of Corby Distilleries (CDL.A). At 14.95$ per share, Corby Distilleries stocks are affordable.

Corby Distilleries (CDL.A) had been trading on the TSX since 1969. There’s actually 2 Corby Distilleries. They are CDL.A and CDL.B. The category A are voting shares and the B are non voting. No different between the 2, but if you are willing to invest in Corby Distilleries and think like an investor, 100 stocks or more, you might like to vote, since as soon as you purchase stocks, you own a small part of the company. Small, but still, powerful as you can vote!

The benefits of adding Corby Distilleries (CDL.A) to my investment portfolio


Corby Distilleries (CDL.A) provides an annual dividend of 56 cents per stock.


I had been looking into Corby Distilleries (CDL.A). Their usual value seems to be 15$. I was actually surprised to see CDL.A at 14.95$ on Friday. There are no drastic ups and downs when talking about Corby Distilleries (CDL.A). Corby Distilleries (CDL.A) own 25% of the “alcoholic” business that is out there…

Some data regarding Corby Distilleries (CDL.A)

52 Week High: 17.24$
52 Week Low: 13.16$

17.24$-13.16$ = 4.08$

I consider Corby Distilleries (CDL.A) as a stable investment. Because the variation between the highest and lowest is not major. Period. The little analysis stop right here.

Do it like Derek Foster

I wake up at 4PM and been blogging since I wake up lol. I think I am brain dead lol… Yesterday, I was very tired; I was having terrible back pain. But now, after sleeping more than 12 hours in a row… I am alight lol. It was a bit cold in my apartment so when I felt the breeze, I just continue sleeping… I didn’t want to wake up. When I am sleeping like this, I am not doing any shopping, so I am not spending my precious money around. And talking about precious money, I have a lot of projects going on! I am not totally brain dead. I was tired because we start receiving calls at my new job and its gave me a lot of stress. We are terribly poorly train – and the trainer was kind of suck too – to do the job we are desperately trying to do. The trainer we had was basically a wanna-be-superstar and she’d once of the most annoying woman I had never met of my life. But no surprise there, I wasn’t expecting much more coming from Quebeckers. My expectations were not really high. And some co-workers are really arrogant and disrespectful (worst than me!).. but oh surprise, they are… Quebeckers lol. Nothing more than just poor Quebeckers. They should consider themselves lucky to have someone like myself – one of the best do-it-like-Derek-Foster-investor out there working for them. That’s it. Very funny isn’t?

LESSONS LEARN: Don’t expect your co-workers to be as smart and gentle as you are.

It’s actually more difficult that I taught, at some points, to work from 9 AM to midnight. I was doing it before, last year, but the difference with this year situation is that I don’t have any break between the 2 jobs. I finish one job at 5:30PM and begin the other one at 6PM. I am lucky enough to only have to take the metro and the 2 jobs are close from one to another. The shift of my evening job had been changed for next week, so I will be working during the day and my new job is during the evening. But once I will no my new job better, it will be much better and I will be less tired.

LESSONS LEARN: You can work around the clock and sleep as little as 6 hours per night if you are really into money

Great surprise, my stocks and units portfolio had increased to 34 027$ (compare to the 33 898$ on December 5th). Which represent an increase of 129$. Those numbers and this increase could be seemed at first some kind of ridiculously low. BUT – here’s my point: the TSX, when closing Friday, had lost 40.64 points and the value of my stocks and units portfolio had increased of 129$... We have something very special right here. I AM BEATING THE INDEX lol. Beat the steel when it's hot.... :)

LESSONS LEARN: You can beat the index without too much trouble.

Money projects or what to do with my money… paying debts or invest?

I currently have 1 500$ lying in my banking accounts, doing nothing. This mean that 1 500$ of my very own precious money is not working for me right now. I have to do something about it! But what should I do, pay off some debts or invest?

Take a guess, and a very wild one…

But just before revealing what I am going to do next, here’s an update regarding my debt situation:

-Student loan: 8 644.75$ at 4.75%
Yearly interest: 408.80$
-TD line of credit: 4 686$ at 8%
Yearly interest: 374.88$
-CIBC Visa: 2 979.44$ at 3.99% for 6 months
6 months interest: 59.44$
-Credit line at super low interest rate: 3 537.13$
Yearly interest: 132.64$

As you can see, I had for now transferred the money I had available to invest on my credit line at a super low interest.

The total in interest is of 975.76$.

Interest rate money vs dividend money

Do I really care for in interest while my investment portfolio will provide me, in the upcoming year, close to 3 000$ in dividend earnings? I have to say, I don’t care about my debt situation, and I will ever will.

Right now, I am desperately looking forward to increase the value of my portfolio, eve we are just talking here of 1 500$. I had opened a broker account at where I currently work and it might be time to experiment their platform. And their very cheap commission fee! Starting from now, I will purchase all of my new investments through them.

LESSONS LEARN: Paying off debts is boring.

We are now talking about a new investment! What would it be?

I am giving you fee worlds: wine, vodka, gin, rum… No, I didn’t turn into an alcoholic… Those words stand for Corby Distilleries (CDL.A)! Remember that I had purchased Derek Foster latest book Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor and that I really like it? As always, Derek Foster adds the content of his investment portfolio at the end of his book. Corby Distilleries (CDL.A) is about one of the only non .UN investment that Derek Foster hold that I can afford at this time!

It makes me laugh to read some articles like: What went wrong with the Derek Foster Strategy; Is Dividend Investing dead? The Derek Foster Story and so on… Nothing went wrong with Derek Foster. It’s just at a point, the markets were scary and he decides to sell his portfolio because at the time, he taught it was the best thing to do.

In a few years from now, those same individuals will probably look at things differently. I had been reading a lot of stuff about finance and other and never before that had I read a book about finance that was almost like a user guide on how to escape from hell (hell being, of course, the work place lol). But not only. His books are not only about on how to Stop Working, it’s about understanding investment and the risk. And I add the risk in here because it’s the most important part.

I will take a personal example. My father had around 30 000$ put aside in his RRSP account. The money had been lying for about 25-30 years in an account that was providing – and still provide him – a low interest rate. Why? Because my father doesn’t want to risk his money. Reason why: never of his life he gets some investment knowledge. He doesn’t understand the notion of risk in investment.

You might know how financial planner and others work: they suggest investment products by respecting your investment profile. But by respecting their investment profile only. They don’t get into the subject into deeper manners because the law is strict. If the individual does not get the financial knowledge he needs to understand the notion of risk by himself, ever of his life he will received good return on his money. And that's very sad.

Before reading Derek Foster books, my investment life was mostly involved in mutual funds and GIC. After several reading of Stop Working: Here’s how you can!, I decide to move forward and open a broker account. I guess that in the meantime, I might had forget all about of my reading of Derek Foster books because shortly after opening my broker account, I was investing in Timminco (TIM) and Sprott Inc. (SII). My first investments were the worst one I could ever make of my life! But shortly after, I was going back on track and I had purchased all of those marvelous investments you can see on the right column of my blog…

Anyhow, after several, multiple reading of Derek Foster 4 books, I understand the notion of risk and my life will never be the same.

LESSONS LEARN: Derek Foster will probably make Canadian history. Read, learn, invest and get rich.

Tuesday, December 8, 2009

Early December money dividend

For the first time today we had some kind of serious snow in Montreal! My winter coat is still living in its dirt of last winter and my winter boots are still in their box… lol I am not ready for the winter. I just don’t want any snow. This is showing how much time is passing by quickly. It’s like everything come passing by very close to me, but I don’t have time to catch anything and I am empty.

Believe it or not, I have 3 weeks of vacation who are already plan for 2010! I was thinking of a little trip or something but just like usual, it will probably be a last minute kind of deal thing.

I got out of my evening shift earlier this evening. Today was my first integration day at my new job, so hitting 6 hours of work after all this was not exactly what I had on mind. These days, I had been asking to leave earlier and most of the time, they let me leave earlier. Once my regular shift will start at my new job, I had requested to work during day-time. So my old evening job will become my day-time job and my new job will take place as an evening job… But money is good, and I am basically working during all of holiday’s day… That’s right, I am working on December 24, 25, 26 and 31… and also on January 1 and 2nd… But I am not complaining. The only day I would have like to have off is the Boxing Day.

Otherwise, so far, the money is good, the work is not so rough and I am able to manage the whole working part-time and full-time kind of silly plan of mine but its working. With both jobs I have one paycheck per week, which is very great. And I can’t wait to extend my investment portfolio more and more! The value of my stocks and units investment portfolio is currently of 33 937$, which is an increase of 39$ compare to December 5. It’s quite surprising because the TSX lost a couple of points today. I believe we are living in a world of great changes right now and I am excited about what’s going to happen next. I would like to make money from my investments and I would like to see my value increase over the next couple of months.

I am slowly looking into my RRSP for the tax year of 2009. I already have 500$ aside that is waiting in my banking account. For 2009, it’s more than 10 000$ that I can invest in my RRSP and I am looking forward into investing 10 000$ for my 2009 RRSP. My goal is to save 6 000$ from the period of December 2009 to March 2010 for my RRSP… And the 4 000$ extra will be taking from my stocks or units convert into a RRSP account.

And a dividend update…

I just notice today, I had earned 3 new units of Just Energy Income Fund (JE.UN) and one stock of Fortis (FTS). I am very happy with those extensions of my little dividend earnings.

I just renew my sell order - again - for Dumont Nickel (DNI). I want to sell my 23 000 stocks at 4 cents. I have to renew my sell order every month and I have completely forget about it. Nothing much had change regarding Dumont Nicket and I just cannot wait for the sell order to be process!

Saturday, December 5, 2009

Dividend income update

My dividend:

Bank of Nova Scotia (BNS): 104 stocks x 1.96$ = 203.84$
Fortis (FTS): 103 stocks x 1.04$ = 107.12$
Just Energy Income Fund (JE.UN): 408 units x 1.405$ = 573.24$
Methanex Corporation (MX): 103 stocks x 0.685$ = 70.56$
Pembina Pipeline Income Fund (PIF.UN): 404 units x 1.56$ = 630.24$
Pengrowth Energy Trust (PGF.UN): 6 units x 0.84$ = 5.04$
Sprott Inc. (SII): 503 stocks x 0.10$ = 50.30$
Yellow Pages Income Fund (YLO.UN): 415 units x 0.80$ = 332$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.892$ = 289.20$
Enbridge Income Fund (ENF.UN): 300 units x 1.142$ = 342.60$

TOTAL: 2 604.14$ + lets say an extra 150$ coming out from our super powerful DRIP strategy:
2 754.14$
(average of 229.52$ per month)

I am only missing 295.86$ before reaching the 3 000$ in dividend income… Yeah!

Money talk: I now own 61 095.40$ in assets

I didn’t think I was going to reach the 60 000$ in assets by the end of 2009, but I did… with the help of leverage. So I am now at 61 095.40$, believe it or not lol… I am very happy with the whole thing. The stock market is not too bad, companies continue to pay dividend… I am in a perfect position right now to achieve whatever I want in my financial life. My dream would be to have a 6 figures portfolio by the end of 2010. If the market remain relatively stable and if I continue working at the jobs I have right now, and if I continue to follow Derek Foster tips and tricks well, I could be in a good shape to reach the 100 000$ value investment portfolio in 2010. It’s not impossible, truly achievable. So as you can see, the reading of Derek Foster 4 books had been quite helpful!

I am aware of the situation of the .UN investments I hold. Derek Foster had actually written an article about it in one of his newsletter. I am not afraid for PIF.UN, either JE.UN. But regarding YLO.UN, BA.UN, I am not too sure what to thing. Thanks to our fantastic federal government (lol!), I have a lot to worry about. This is about MY dividend. It’s my earnings we are talking about right now… lol…. Since I don’t know what to do, and since I have purchase all of those beautiful .UN investment, in the meantime, I will enjoy their juicy dividend.

I make another investment purchase this week with 300 units of Enbridge Income Fund (ENF.UN). I know… another .UN investment… But since Derek Foster had this investment himself, I told myself, why not? Some follow Buffet, Eric Sprott or other superstar of the market, but me, My First 50 000$ kind of girl, follow Derek Foster. And it work!

Need any examples of my success because I carefully follow Derek Foster tips and tricks? Here we go:

-I invest in some PGF.UN, got some dividend (an average of 50$ per month for a couple of months), but when the company cut their dividend for the third or second time for a dividend of 7 cents per month… I was done with PGF.UN.. I sell, and I make a profit, small still, but a profit is a profit, out of the sell.

-I invest in PIF.UN. And currently, I gain more than 1 000$ out of my investment! And PIF.UN provide an annual dividend of 1.56$ per unit!!!

-This week, I invest in 300 units of ENF.UN and the next day, my gain were more than 75$. In date of December 5th, I gain more than 100$ from this investment – and it’s only been a week.

-I invested in LIV.UN a while ago, earn dividend for a little while. After they cut their dividend, I was tired of having LIV.UN in my portfolio… So I sell, and make a profit (small, but still, a profit is a profit) out of the sell…

-I never lost any money by following Derek Foster tips and tricks! This is true!

So I truly appreciate Derek Foster books for all of those reasons. 2010 will be the year where we will be able to discover more about the market and find out if my idea of following Derek Foster was good or not… But so far so good!

My investment portfolio in date of November 21, 2009

2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 037$
Timminco (TIM): 326$
Blue Note Mining (BNT): 52$
Bank of Nova Scotia (BNS): 5 066$
Hanwei Energy Services (HE): 216$
Methanex Corporation (MX): 1 934$
Fortis (FTS): 2 753$
Pembina Pipeline Income Fund (PIF.UN): 6 702$
Just Energy Income Fund (JE.UN): 5 214$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 216$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 701$
Pengrowth Energy Trust (PGF.UN): 61$
TOTAL: 29 800$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 944$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 490.29$
Creststreet Alternative Energy Fund: 1 137$
TOTAL: 3 627.29$

CIBC Dividend Fund: 478.86$
CIBC Emerging Markets Index Fund: 476.21$
CIBC Monthly Income Fund: 956.79$

Energy and Base Metals Term Savings (Indexed term savings): 503.46$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 098.49$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.04$
TD Monthly Income: 99.19$
TD Emerging Markets: 82.18$
TD Energy: 80.44$
TD Precious Metals: 107.18$
TD Latin American Growth: 96.92$
TD Entertainment & Communications: 100.56$
TD Dividend Growth: 187.49$
TD U.S. Mid-Cap Growth: 92.64$

Maritime Life International Equity Fund (Templeton):
Manulife Simplicity Growth Portfolio: 839.63$
Maritime Life CI Harbour Seg Fund: 1 001.35$
Maritime Life Fidelity True North Seg Fund: 948.33$
Maritime Life Trimark Europlus Seg Fund: 619.62$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 482.88$
RBC U.S. Mid-Cap Equity Fund C$: 1 671.27$
RBC Global Resources Fund: 786.61$
RBC O'Shaughnessy International Equity Fund:
RBC O'Shaughnessy All-Canadian Equity
Fund: 930.13$
GIC Canadian Market: 1 000$

TOTAL: 18 163.75$

Social Capital at Desjardins Membership share for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (44.63$):
56 622.36$
[In date of November 21, 2009]

Tuesday, December 1, 2009

Everything is fine with Sprott Inc. (SII)

I actually call TD Waterhouse, asking them why I didn't received a DRIP from my dividend. My problem was that I was supposed to received the Sprott Inc. (SII) dividend in form of a DRIP, in order to acquire new stocks. But instead, I had received the whole dividend (12.57$ exactly lol) in cash. So I call TD Waterhouse once this weekend - but they couldn't help because of the weekend so I call back yesterday and I was told it should had probably put in a DRIP, but didn't... So I was all f*** up as you can imagine. But not later than this morning, what did I see... tadammmmm 2 brand new stocks of Sprott Inc. (SII) in my portfolio yeah! There you go. It was pretty easy to deal with TD Waterhouse regarding this situation, but I had to control myself not to start screeming at them... :)

So I was all wrong, Sprott Inc (SII) is definitely a good company and they are not s******. I am one, but not them... :))))))))))))))))

I had purchased yesterday 300 units of ENF.UN - Enbridge Income Fund and guess what, the investment increase of 75$ or so in one day.... Some got it and some doesn't lol

Monday, November 30, 2009

I place an order to purchase 300 units of Enbridge Income Fund

Yesterday, I took more than 3 500$ from my credit line and transfer the fund into my broker account and... I place an order to purchase 300 units of Enbridge Income Fund. My max price is 12$... So I am pretty happy with this purchase. After what, I won't invest again until next year.. So let's say my portfolio is now close and complete for 2009.

No news for Sprott Inc. (SII)

I don't know what's going on with Sprott Inc. (SII). I call TD Waterhouse, but I was told to call on Monday to find out what's going on, so verification can be made. But from my point of view, it's appear clearly: Sprott Inc. (SII) had canceled their DRIP program without letting know their shareholders. It's appear to be almost impossible that an error occur at TD Waterhouse since all data, DRIP, non-DRIP are being treated via their informatic system. So my Sprott Inc. dividend didn't DRIP because the DRIP program had been cancel by those f****** lol. Guess I won't be purchasing any Sprott mutual funds and/or any of their stocks anytime soon. I just cannot wait for their stocks to increase to the old 9$ so I can eventually sale all of my stocks and also, I want to sell my Sprott Canadian Equity mutual funds. The fund s*** just like managers are, s******. Got it? :))))

Sunday, November 29, 2009

Lazy Sunday

I am having problems with Sprott

I didn’t find yet what’s going on with my Sprott dividend as I just wake up… Let’s say it’s an easy Sunday. But as soon as go outside, I am going to call TD Waterhouse, to ask what’s going on. I also have to make sure my DRIP is still on for all of my other investments. Remember what I said about the DRIP last time? It’s allowing me to earn an extra 100$ (more on less) directly from my investment portfolio.

Derek Foster fourth book: Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor a review by My First 50 000$

Yesterday was an easy day and I didn’t do much. Right now, I am just in need of time where I don’t do anything. I had purchased Derek Foster latest book: Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor. At first, the title sound weird at first for me, Derek Foster wasn’t a millionaire, but with his house which is mortgage free and his car, well, Derek Foster IS a millionaire. The title is catchy and funny. I had purchased Derek Foster book at Chapters on St-Catherine St. There’s still a couple of Derek Foster books waiting for you lol. I get through the reading of Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor easily. This one is easier than the Money for Nothing, which, I had to admit, didn’t understand too much. But as Derek Foster explains himself, Money for Nothing is more for sophistical investors, which I am truly not lol. So I prefer to stick to the basic and with things I can understand. Right now, a thing that I don’t understand is my Sprott dividends… And I am going to find out in a couple of minutes.

The reading of Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor was very funny for me because there’s a pat where Derek talk about banks and it make me laugh because well, I am now working for a bank lol.

Derek Foster had started a new project earlier this month: newsletters. There have been 2 so far, interesting as always published on his web site: Very nice and I think it’s good for him. So far, Derek Foster was making a great contribution on Canadian Business forum. So it’s good he gets to work a bit more for himself than for other and get a place where he can write over the Internet without being judge or attack.

There just one little thing I don’t understand about Derek Foster: where in the world are his Google AdSense ads?

As always at the end of his book, Derek presents an update of his portfolio. I made a lot of cash on Pembina Pipeline Income Fund (PIF.UN). And I first purchase Pembina Pipeline Income Fund (PIF.UN) because it was from Derek Foster portfolio. I had more than 3 000$ available to invest on my credit line. As you know, I wanted to invest in Brookfield Renewable Power Fund (BRC.UN) for a very long time. Earlier this week, I wanted to invest in 200 units of Brookfield Renewable Power Fund but I had to say, I wasn’t so sure of the pick and well, I didn’t invest in BRC.UN. While looking at Derek Foster portfolio update, I take a look and I find out that Derek was investing in Enbridge – put in their unit fund. So I guess I will be placing an order for 300 units of Enbridge Income Fund. But will place the order later on this evening, after calling TD Waterhouse.

Investing using my TD credit line: why do I do so? I love leverage

My 5 000$ loan at 8% with TD credit line require a minimum payment of 150$, which I can easily afford at this time with my 2 jobs. The other credit line I have at my job (at a super low interest rate) require a minimum of 100$. I can afford those payments. I am using leverage – but I only using what I can afford to pay.

Those it worth it? For me, the answer is yes, because the dividend covers the payment of the interest and it worth it all the way because my dividend are being reinvested. Reading Derek Foster fourth book just boost my confidence is the market.

About my latest investment and their dividend:

Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.90$ (yearly dividend) = 290$
Enbridge Income Fund: 300 units x 1.15$ = 345$

290$ + 345$ = 635$

5 000$ at an interest rate of 8% = 400$ in interest

635$ - 400$ = 235$

I win 235$ in free money by using leverage. I will definitely place an order to purchase 300 units of Enbridge Income Fund. Units of Enbridge are cheaper than the real deal – Enbridge stocks (ENB). ENB stocks are at more than 40$ per stock… Can I afford it? The answer is no…. lol.

In conclusion for now

For now, I am going to call TD Waterhouse to find out what’s going on with Sprott and also, I am going to read my banking stuff at a café. And later on, I will place my order for 300 units of Enbridge Income Fund.

What’s going on with Sprott dividend?

So far, I had received Sprott dividend for its company Sprott Inc. (SII) without any problem. Just now, after giving a quick look to my very awesome stocks and units portfolio lolllllll, I just saw something new: my Sprott dividends were in. A little but very welcome 12.57$. No problem there. Extra cash is always welcome. But, the only problem is that I received the whole 12.57$ in cash. No dividend had been reinvested. How come?

Last time, my dividend of Sprott were reinvested, which allow be to get new Sprott stocks. But this time, the money was there, living in cash in my broker account. Maybe would they be reinvested on Monday? I really don’t know, but the whole thing is very strange. All of my dividend are being reinvested and a 12.57$ would had normally let me earn 3 extra stocks of Sprott. Could me that the DRIP program had been cancel by Sprott Inc. (SII)? I have to call TD Waterhouse tomorrow. I could call them now, but it’s cold outside and to tell the true, I am some kind of tired, even if I wake up late in the afternoon. My 9AM to midnight schedule is killing me.

I guess it’s possible. But in this case, as soon as the stock price of Sprott increase to the old 9$, I will be selling all of them. That’s for sure. I cannot talk for now since I don’t really know what’s going on but if Sprott cancel its DRIP plan without my authorization, it’s not going to be pretty at all lolll. I am in fire.

Thursday, November 26, 2009

Money, dividend and life

I finish my evening job ealier today, as I ask to leave earlier, and I was able to leave early… I took my first calls during the afternoon at the new job I have on today, and it was quite of a challenge. It’s not easy at all for me. For now, everything is fine, I pass my third exam. They are not always very kind at my new job, but I don’t bother that much. My expectations were not very high since I am in Quebec. Sometimes, just a little something splash in my face and remind me that, yeahhh I am in Quebec, in a « country » where foreign doctors had to become taxi drivers to make their living and where idiots like Brian Mulroney and Henri-Paul Rousseau get easily forgive for their wrong actions… Bunch of juicy details righ here lol.With my 2 jobs, money is good, my portfolio is doing well. Basicly for the year 2009 so far, I had reached all of my investment goal. I had reached my first 50 000$ in assets and I had reached the equivalent of 200$ per month in dividend income. Next step will be to work on paying up some debts, while continuing to increase my portfolio from time to time. I also want to put some money aside in my ING Direct account. So many things going on. Everything seem to be possible. I find out about Derek Foster fourth book just recently and I plan to purchase it this weekend. Cannot wait to find out about new tricks on how to become a millionnaire :))))

Saturday, November 21, 2009

I am now at an investment portfolio of 56 622.36$

I now have reach 56 622.36$ in investment. Really fantastic. I am very happy with my brand new investment – 100 units of Bell Aliant Regional Communications Income Fund (BA.UN) I purchase earlier this week.

I have 18 019.62$ in debts. I calculate the amount of interest I will pay for a full year, and it make 885.56$... Which is not enormous, but still…

Sadly, here are my debts: :)

Student loan: 8 719.08$ at 4.75%
TD credit line: 2 718.76$ at 8%
TD Visa: 1 681.78$ at 4.9% for 6 months
New credit line: 4 900$ at a super low interest!
TOTAL: 18 019.62$

I will be working at paying my debts in the upcoming months; I just have to stop buying stocks or units whenever some money becomes available on my credit line…

Imagine it : the interest rate on my new credit line is lower than the one of my student loan! Isn’t fantastic? So here is the plan: to pay off my TD credit line, after pay of my TD Visa at 4.9% and after, pay off my student loan. I can achieve this in about 6 months or so… I will have to watch out my expenses carefully and slow down on coffees, junk and everything else…

At this point, since my stocks and units portfolio is slowly taking form, it’s important to pay off some debts and more important part is that I need to remain debt free and stop investing using my credit line. It’s very difficult for not to invest and just pay off debts… I find paying debts very boring because it doesn’t bring anything new to my portfolio.

And talking about my investment portfolio, let’s upgrade our yearly dividend income!! Yeahhh

Bank of Nova Scotia (BNS): 104 stocks x 1.96$ = 203.84$
Fortis (FTS): 103 stocks x 1.04$ = 107.12$
Just Energy Income Fund (JE.UN): 408 units x 1.405$ = 573.24$
Methanex Corporation (MX): 103 stocks x 0.685$ = 70.56$
Pembina Pipeline Income Fund (PIF.UN): 404 units x 1.56$ = 630.24$
Pengrowth Energy Trust (PGF.UN): 6 units x 0.84$ = 5.04$
Sprott Inc. (SII): 503 stocks x 0.10$ = 50.30$
Yellow Pages Income Fund (YLO.UN): 415 units x 0.80$ = 332$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.892$ = 289.20$

TOTAL: 2 261.54$
(average of 188$ per month)

My goal was to reach the equivalent of 200$ in dividend. I can easily say the goal will be reach in 2010, because of the DRIP I am register to with BNS, FTS, JE.UN, MX, PIF.UN, SII and YLO.UN. With those DRIP, I should earn an extra 100$. It’s not anytime soon I will be able to retired lol, but its fun to try to…. Early retirement on the way... 911

My investment portfolio in date of October 10, 2009

2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 270$
Timminco (TIM): 258$
Blue Note Mining (BNT): 56$
Bank of Nova Scotia (BNS): 4 868$
Hanwei Energy Services (HE): 243$
Methanex Corporation (MX): 2 013$
Fortis (FTS): 2 622$
Pembina Pipeline Income Fund (PIF.UN): 6 107$
Just Energy Income Fund (JE.UN): 5 616$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 270$
TOTAL: 26 519$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 588$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 473.86$
Creststreet Alternative Energy Fund: 1 170$
TOTAL: 3 643.86$

CIBC Dividend Fund: 478.44$
CIBC Emerging Markets Index Fund: 456.69$
CIBC Monthly Income Fund: 951.39$

Energy and Base Metals Term Savings (Indexed term savings): 503.46$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 098.49$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.05$
TD Monthly Income: 98.87$
TD Emerging Markets: 78.47$
TD Energy: 81.11$
TD Precious Metals: 97.58$
TD Latin American Growth: 91.62$
TD Entertainment & Communications: 95.73$
TD Dividend Growth: 186.68$
TD U.S. Mid-Cap Growth: 91.94$

Maritime Life International Equity Fund (Templeton):
Manulife Simplicity Growth Portfolio: 827.03$
Maritime Life CI Harbour Seg Fund: 988.14$
Maritime Life Fidelity True North Seg Fund: 929.15$
Maritime Life Trimark Europlus Seg Fund: 589.65$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 480.53$
RBC U.S. Mid-Cap Equity Fund C$: 1 674.91$
RBC Global Resources Fund: 781.78$
RBC O'Shaughnessy International Equity Fund:
RBC O'Shaughnessy All-Canadian Equity
Fund: 913.37$
GIC Canadian Market: 1 000$

TOTAL: 18 002.65$

Social Capital at Desjardins Membership share for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (37.17$):
52 833.37$
[In date of October 10, 2009]

BA.UN, exams and other stuff

This week pass by quickly. So far at my new job, I got one quiz and 2 exams. I didn’t pass the quiz (which didn’t count), but I pass the 2 exams, which I was very happy. But there are 2 more to come… And by the end of next week, we will take our first calls… I hope it will go ok because right now, with the combination of the 2 jobs I have right now, my old evening job and this new one, I am making more than 3 000$ after taxes, which allow me to do a lot of things.

As I wrote previously, I pay off one of my student loan debt. The debt was of 1 087$. On Monday, I had received my new credit line with the bank I am working for. I use that credit line to pay my TD credit line. For about 4 days, there’s been no activity on my TD credit line lol. But it didn’t last for long. Yesterday, I purchase 100 units of Bell Aliant Regional Communications Income Fund (BA.UN) as, let’s say, a Christmas gift from me to me… BA.UN is not cheap. I took 2 729$ from my TD credit line to pay for the investment. BA.UN dividend payments are interesting. BA.UN yearly dividend is of 2.94$ per unit. My TD credit line is at an interest rate of 8%. 2 729$ at 8% make 218.32$ in yearly interest. And my BA.UN investment provides me an income of 294$, which is more than the cost of my interest on my TD credit line… This is actually a principle that Derek Foster cover in one of his book. Nice, but I still need to make the minimum payment on those loans! Anyway, for now, I can afford. If something would happen, I could always sell my investments… But so far, it’s seemed to go well.

The 60 hours per 2 weeks that I am doing at my evening job gave me 650$ after taxes. I was pretty happy when I saw the amount of my pay. I can basically afford my living with that job alone. All the other money I make can be spend at whatever I want. And what I truly want right now is to extend my investment portfolio. And right now, everything seem to be align in a way I can achieve my goal

This weekend is going to be a relax one. Like always, I am going to review my banking stuff lol, but I cannot wait to take pictures all over the place with my new digital camera… I didn’t got the chance to try it yet. It’s going to be fun. Also have to update my portfolio (what you see at the right column), but I am just too tired to do it right now.

Thursday, November 19, 2009

My order to buy 100 units of Bell Aliant Regional Communications Income Fund

This week was really fantastic. I pay my little student loan (the amount was of 1 087$, which is now pay off). I also pay my TD credit line with the money I had receive from my credit line at a very low interest. But I couldn't help it, I just place an order to purchase 100 units of Bell Aliant Regional Communications Income Fund (BA.UN), at the maximum price of 28$... FINALLY!!!! I wanted to own some BA.UN for so long!!!! Their dividend is so fantastic! 2.9004$ per year per unit!

I wanted to stay at 0$ on my TD credit line, but I wanted to extend my stocks and units portfolio, and I could'nt wait. I wanted to purchase some Bell Aliant Regional Communications Income Fund for a very long time now, and this seem to be the perfect occasion. I calculate roughly, and I should earn around 2 500$ in dividend for the year 2010... Which make my 200$ per month I wanted to achieve and which make now more than 55 000$ in assets, and just a little bit of debt...

I just can't wait for the weekend to come, I really want to calculate how my investments worth now. A TSX at more than 11 600 points, isn't great? IT HAVE to remain the same until the weekend!!!

Saturday, November 14, 2009

Busy-busy week

I had many things this week with my training for this new job I have and also the exam I got.. I pass the exam! By looking at my mistakes, I think there’s some stuff I taught I had understood but didn’t understand… So I guess I will read again banking stuff this weekend… Time goes by too quickly and things are getting pretty rough. Very difficult to follow a training, study for it, work 30 hours on top of that at my regular evening job… But money really worth it.

I also transfer money into my banking account in order to pay off one my student loan, at 1 087$... I am almost done with this, I only need to contact my Caisse on Monday to get the payment done and completed.

So far so good, I pass the exam, I continue the training. I might open an account with them in order to trade online very soon.

I received my Just Energy Income Fund (JE.UN) for the month of October. I now own 3 new units of JE.UN. Very nice. I am now at 408 units… Nothing extraordinary yet, but my portfolio slowly taking form and I am always amaze when I received my dividend. Currently, my stocks and units portfolio is at 26 725$, an increase of 206$ compare to October 10th… A little increase is better than nothing at all…

Wednesday, November 11, 2009

I got the loan, but failed my first quiz

I don’t have any training tomorrow; which is perfectly fine with me. I have so much to do, excluding studying. And surprise, my credit line of 5 000$ at a super low interest had been approved! Today, I provided some proof of incomes. But my credit line is not open yet as I had to take an appointment. By Friday, my credit line at TD will be all pay off, I won’t have to pay the regular TD interest rate of 8%. So I am quite happy with that part. I also ask a question of what will happen if I loose my job at the bank (which is not TD by the way lol), if the interest rate will remain the same, super low? And I was told yes, over the phone… But I would be quite surprise if it would be the case… Anyway, I don’t really mind for now. It make a lot of things to do for me to do at the same time and at a point, I won’t be very sad if I got fired because I had failed the exam or what so ever. Of course I will do my best not to fail, but I mean, if I fail, I won’t be too sad, because I miss my free time, I miss getting up late, drinking coffee late at night, I miss HubPages… Even if I fail, I am pretty happy with all the things I had been able to do. With the pay I will receive this week, I will pay off one of my student loan. After what, I will only have left less than 9 000$ in student loan. For the upcoming months, I would like to pay off some student loan debt, invest in something new for my portfolio, like BRC.UN or EMA, and plan something for my RRSP contribution of 2009. I will probably turn non RRSP investment into RRSP, just like I did last year. But this time, it will be with stocks and units. I have around 10 000$ to invest in RRSP and I will contribute to the maximum into it, in order the save as much as I can on taxes. I have a lot to do and I don’t like too much the training I am following right now because it’s a bit too much of fast food training as everything is being explained quickly and a lot of information is being provided at the same time. Everything is just not fitting well all together and to tell the true, I am not too happy with this. Low salary, great benefit and a training on-the-go. Really not for me. Anyway, I will continue. I am just praying my investment plan will work out and that everything will work out at the end. I really dislike living in the province of Quebec and I just want to escape from here. In God I trust.

Sunday, November 8, 2009

Work-work-work, shop-shop-shop

I didn’t blog during the whole week that just pass and at a point, I really wanted to just open my laptop and write up something, but I couldn’t, since I was in training for my new job from 9AM to 5:30PM. After that, I was working at my regular evening job from 6PM to midnight. It’s not as terrible as it can be seen at first sight. I actually went thought this without too much problem. So far so good… The week and the weekend pass way too quickly.

I am getting my first exam next week, just after November 11. Since we are off that day, I will have major part of the day to study. I didn’t work this weekend as I was studying. I also went shopping. I purchased an external DVD player (mine from my laptop just doesn’t want t open anymore, after 5 years of usage). The external DVD player was under 80$.

I purchase a Banana shampoo and conditioner from The Body Shop. You read it right, Banana shampoo and conditioner! Isn’t cool? I just cannot wait to see the result on my hair. My hairs are actually oily. I have to wash my hair every 2 days if not… Its itch, my hair get oily and it’s simply disgusting lol. Tomorrow when I wake up, I will take a shower and try my new Banana shampoo and conditioner.

I also purchase something that I wanted for a really long time now: an external disk drive of 1 TO, which was at 129$. Both items were purchases at Staples. I find Staples a lot cheaper than FutureShop. I already begin to use my external disk drive and it’s allow me to save 1 GB on my laptop so far. I want to save all of my pictured on the external disk drive too eventually and all of my files… Just a lot to do.

And I also purchased, just today actually, a brand new camera! My current digital camera was very old. I purchase a new one, it’s a really cool Kodak EasyShare Z915. It has a 10X optical zoom with optical image stabilization. And the Koday EasyShare Z915 had won the Best-in-Class picture-capture speed! The camera I had before was also from Kodak, so I just wanted to purchase a brand new model of digital camera. I am use to their EasyShare software, and really like it. I just cannot wait to try it. I should be able to do that on this upcoming Wednesday.

I plan to work Saturday the whole day next week if overtime is available. Studying is good, but after a while, all of those banking terms just don’t make any sense after 3 hours of reading. So I read a lot, write a lot… It’s all new and it’s difficult. But even if it’s all new, I apply for a credit line. I just cannot wait to see if I am going to be accepted for it. I should know within the next 2 days. My plan is to use that new credit line (at a very low interest rate that I won’t expose here) to pay off my TD credit line. Would it work or not? I don’t know. But at the salary they are paying, and knowing I have a pretty good credit score, I should be able to get it. Those people now know everything about me! I told the agent who create the request how many credit card I have, how many debts I had and also, how much money I have… So there’s someone out there who actually know that I own more than 50 000$ of my really own money in investments and that’s pretty scary. So if I don’t get the credit line, it’s going to be toooo bad for them, not for me lol. It will be bye bye and I am out of here! LOL!!! But really, if I got refused, I am just going to ask for another consideration and so on. I am going to make them hate me very very much.

Regarding the shopping of this weekend, it all went to by CIBC Visa. And since I had received an offer for a balance transfer coming from TD Visa at an interest rate of less than 5%, guess what will happen very soon? Another balance transfer! I just want to pay off the 6$ left to pay on my TD Visa before…

Just MARVELOUS. This balance transfer should be around 1 500$, including the shopping of this weekend. It’s nice to accumulate investment, pay off debts and stuff, but it’s actually nice to spend some money over stuff I want. But those are not major debts. I currently have 700$ I want to make in deposit to pay part of my student loan. It’s really annoying because I have 2 student loans, from the federal government and the other one from my fantastic province, New Brunswick. So what I want to do, is pay off my provincial student loan, which is only of 1 087.40$. Once completely pay off, I will only have 98$ per month to pay in student loan. Eventually, it will completely be paid off.

I know I should pay the loan with the higher interest first but gees, I am getting tired of that debt, of having 2 student loans to pay each month, one at 65$, the other at 98$. So I am paying off completely the student loan I can pay off. And that’s my provincial student loan. Just a problem: I wanted to pay online 700$ on my student loan, but the ACCES-D system is not allowing me to do so, so I guess I will have to call those really charming people of Desjardins once again… which s***.

I notice that my stocks and units portfolio is at a bit more than 26 600$ right now, which is really great, because I am exceeding the 26 519$ had back on October 10… So I should be around 53 000$ or more right now. Isn’t great?

Let’s say I am taking care of business here, live from Montreal lol.

Until I hit the 150 000$ in investment that will allow me to stop working just like Derek Foster :)))) I will continue working, studying and praying for my loan at a really cheap interest rate to be approve. Does God want this to happen or not?

Sunday, November 1, 2009

Tomorrow is the day

It’s been one of those weekends. I enjoy my shopping days. Today, I wake up late, clean my place, do some laundry and dye my hair. I actually hate my last coloration. Within a month, roots were showing up. So I color my red, dark auburn today. It’s a beautiful rouge dark auburn and I think I wear it well. I am very happy with all the things I was ale to do this weekend. Those were things I was not doing for a couple of weeks now, while being busy with my overtime. And since I hate to do cleaning, laundry and stuff like that, I always pushes those tasks to the last minute… Or until I got enough. After dying my hair, I just return the 3 DVDs I couldn’t listen to because the DVD player in my laptop is not coming out… I always took pretty good care of my laptop, so I don’t know what happen. But after 5 years of intense usage, at one point, my laptop got enough. And I have enough of my laptop. So I guess I will be purchasing myself a nice Christmas present: a brand new laptop.

I can now focus on my 2 jobs. Tomorrow is the big day: my first day of training at my new job.

Hot hot hot.

A very busy weekend and a lot fun

My schedule for my evening shift had been arranges. So I will be doing from 6PM to midnight, from Monday to Friday I have my training during daytime between 9AM until 5:30PM. I will be off on Saturday and Sunday. And since there’s always overtime during the weekend, I can always do extra hours if I want. This being, of course, the situation at my evening job.

I had been quite busy lately. I went for some shopping. I purchased 2 pair of pants greatly needed. I also purchase a pair of shoes. We are aloud to wear jeans, but I couldn’t see myself in a bank atmosphere wearing my very old jeans and my black and pink Nike shoes on, even if they are pretty cool. I did a lot of stuff today, I took it off from my job, I wasn’t schedule, but I wanted to do overtime. My goal was to do overtime and reach the 1 000$ paycheck, but I decide to do my shopping and stuff on today. I also did some of it on Friday afternoon, so I didn’t overtime either on Friday. I finish the day by renting 3 DVD but my DVD player on my laptop is not working anymore. It’s just won’t open, and I try several times. Anyway, I might quickly going to check tomorrow if I can purchase an external DVD for my laptop and if it’s cheap, I am going to buy one. It’s just too frustrating, having those great DVDs and not being able to listen to them. I don’t even own a TV. It’s been 2 years since I had been living without a television and I don’t miss.

I am in need of a new laptop. The one I own had been purchased back in 2005. It’s an Aspire 3502 WLCi, just 60GB HDD and 512MB DDR… I saw some laptop with a 250GB HDD at a fair price. Or was it DDR? I don’t remember, but it was certainly better that what I have now. If I see that things are going well with my new job, I will probably spend some cash on a new laptop. This drive us to Christmas, and there’s always good deal around at that time.

Or I might simply return them without having the chance to see them. Guess I won’t wake up early tomorrow as it’s already pass 1AM.

I try to do the shopping, laundry, cleaning and grocery shopping in one day but it was too much for me. And when I couldn’t listen to my DVD, I was upset and went to bed. I just wake up, trying to do some laundry… I have tone of laundry to do! I am glade I wake up. My places had been a real mess and I try to get it clean. I don’t like doing my usuals, but I have to do them. I hope its going to work out at the job I am going into. Everything is working well so far, at least with the schedule of the 2 jobs. I did some spending over the weekend, but it was stuff that was really needed and that I didn’t have.

So it’s now almost 1:30AM and I still have stuff of mines in the laundry room. Just crazy. It doesn’t seem like it, but working 50 hours weekly take all of my time. It doesn’t provide me any time for laundry, cleaning, etc.. or so little. So I now have to do everything in one little weekend. Tomorrow is going to be cooler, I will only have my cleaning and my cooking to do, which I should be able to do very quickly, and will have time for myself. I am quite happy to be almost done.

I wanted to give a check at my TD Waterhouse portfolio, but I forget about their Saturday night maintenance. For the month of October, I am only missing my Bank of Scotia (BNS) dividend. But I guess they are not in yet, not during the weekend

I received my new credit card. It’s at the rate of 11.5%. My credit is of 4 000$, which is ok. I would very much like to open a broker account at where I will be working because we are eligible to trade at a discount price. I would very much like to invest in 100 units of BRC.UN. I really want to extend my portfolio as much as I can. And I would like to reach the 80 000$ in investment by my next birthday – I will be 30. Is 80 000$ too much asking? It will depend on how things turn out for my current investment and for the next one I am planning to do. But the 80 000$ is a nice goal.

The time just change on my laptop, now 1:04AM while it should be 2:04AM. Hour change. My laptop is smarter than me lol.

Thank you

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