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Saturday, June 6, 2009

Summer is coming and crazy things happening in my portfolio

Like always when I come back from work, I took at look at my portfolio… and I had a huge surprised! But I have no clue of what is going on!

Because it’s all about money

Let’s begin by the good stuff, my initial 1 000$ investment with Creststreet Alternative Energy Fund now worth 1 102$ in date of today! I really like this mutual fund. Money, crazy money. This fund is going to make me rich. The only thing I want right now is to invest an extra 1000$ in this fund RIGHT NOW lol.

Now, about the crazy stuff…

I knew that Energy Savings Income Fund (SIF.UN) was changing of name for Just Energy Income Fund (JE.UN). That part, I knew it. But what I didn’t know about is the crazy thing it will make later on in my portfolio… Check it out. When I say crazy, it’s crazy!

Here is what I have in my portfolio regarding the late Energy Savings Income Fund (SIF.UN) and the new Just Energy Income Fund (JE.UN):

ENERGY SVGS INCM FND T/U* - 200 -2 449,00$ - 2 236,00$
JUST ENERGY INCM FND T/U 400 4 898,00$ 4 456,00$

I had 200 units of SIF.UN and now, I have 400 units of JE.UN. Shouldn’t it be 200 units and not 400 units?

But hey, I am not going to complain about it and I won’t even call TD Waterhouse about it either because 400 units of Just Energy Income Fund (JE.UN) will provide me, for a year, 494.40$ in dividend income. So I won’t complaint about it lol…. But still, a mistake might have been done somewhere. Originally, I only had 200 units of Energy Savings Income Fund (SIF.UN) and now, from the exact same company who now has a different name, I now own 400 units… No sense! But thank you TD Waterhouse, thank you!

I now have 400 units of Just Energy Income Fund (JE.UN) and if it happens that 200 of those units go away from my account some day, well, I am going to cry lol. And after what I will definitely call TD Waterhouse. Do not touch my portfolio!

Isn’t awesome?

About my dividend income goal

This is s good for me, since I had fix myself that 2 000$ in dividend income by the end of the summer!

Let’s calculate our dividend income:

Bank of Nova Scotia (BNS) 102 stocks
[1.96$ annual dividend]: 199.92$

Fortis (FTS) 101 stocks
[1.04$ annual dividend]: 105.04$

Livingston International Income Fund (LIV.UN) 102 stocks
[0.504$ annual dividend (but suspension of the dividend]: 17$ (total received so far from LIV.UN)

Methanex Corporation (MX) 102 stocks
[0.7975$ annual dividend]: 81.35$

Sprott Asset Management (SII) 500 stocks
[0.10$ annual dividend + 0.15$ special dividend]: 50$ + 75$: 125$

Pengrowth Energy Trust (PGF.UN) 525 stocks
[1.20$ annual dividend]: 622.80$

Pembina Pipeline Income Fund (PIF.UN) 101 stocks
[1.56$ annual dividend]: 157.56$

Just Energy Income Fund (JE.UN) 400 units
[1.24$ annual dividend]: 494.40$

TOTAL: 1 803.07$

I am only missing 196.93$ to reach my 2 000$ annual dividend earning income! I will just need to invest in 100 unit of Bell Aliant Regional Communications Income Fund (BA.UN) instead of 200 units like it was initially plan. This is the perfect situation for me, especially at this time, since its summer. I didn’t even begin my job search for a day-time job…

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