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Saturday, September 19, 2009

I am now a red hair girl like Lindsay Lohan

Or I will become a beautiful red hair girl investor tomorrow. I buy a new coloration. Last time, I had bought a shade of brown. And today, I had a red hair shade call Natural Dark Auburn. Cannot yet for the result tomorrow! It’s been a long time since I didn’t do anything with my hair. I plan to get a hair cut too sometime too before « hitting » the job market and maybe search for a daytime job. The reason why? Simply because I need more money to continue my investment project and I don’t care if I have to work 80 hours per week to make it happen.

Dividend multiple little gifts

I like to arrive from work, log in to my laptop, access to my online stock brokers and… see that I had received some juicy dividend. This week, I had received 13.13$ from Pembina Pipeline Income Fund (PIF.UN). No DRIP for that once, since the price per unit is more than 15$ right now. I would like to invest in 200 extra units of Pembina Pipeline Income Fund (PIF.UN) in order to benefit from the DRIP I am register to. This way, I could earn at least 2 extra new units of Pembina Pipeline Income Fund per month. That will be very nice.

And just today, I had received 64.30$ in Pengrowth Energy Trust (PGF.UN) dividend. I had earned 7 new units of PGF.UN. I am now at a fantastic 650 units. Next month, I should expected 65$ from Pengrowth Energy. But fact is, no dividend had been declared coming from PGF.UN for the month of October. But I believe there will be a dividend distribution for Pengrowth Energy Trust (PGF.UN).

As for today, the TSX lost some points, but is still over the 11 000 points, which is very good. And my portfolio is performing quite well. No sell made yet fro Dumont Nickel (DNI) at 4 cents… but good news! (More to come in another post regarding Dumont Nickel).

About Sprott Canadian Equity Fund

This week, since a very long time time, Sprott Canadian Equity Fund had reached the price of 30$ per unit. This is a real sign that the economy is doing better. I hope the price will increase again because I lost quite some money with this fund. As soon as will recover from the money lost, I will sell Sprott Canadian Equity Fund to invest in companies, like in my newest finding: Brookfield Renewable Power Fund (BRC.UN). And not to forget the extra 200 units of Pembina Pipeline Income Fund (PIF.UN) I want to invest in.

About me searching for a daytime job

Over the last couple of weeks, I was on a slow motion mode, working at my evening jobs and weekend job only, until 1 or 2 months ago, time is running so fast. I didn’t work as hard as I could for various reasons. I got kind of a small emotional break down when I finally reach my first 50 000$ value in assets in August. I felt kind of fulfilled after that.

But now, break time is over. I want to earn more money in order to extend my portfolio. I could easily reach 75 000$ in assets if I really work into it and if I continue to diversify my portfolio. I currently have a nice value in my portfolio and its fun to see the whole retirement nest egg taking form. For the vast majority, my investment picks had been pretty good so far. The key is to diversify. And one day, without knowing how, I will have 100 000$ value in assets and, let’s hope, a nice dividend income.

Other than dying my hair in red tomorrow, I have other projects on the way. I want to pay off my bad credit card debt in totality by the month of October. My credit cards balance transfer certainly help me to save money among the way. At this point, I don’t need any debt assistance, but I plan to get rid or some other debt among the way, like my student loan debt. I am currently stock with my Scotia iTRADE account. Always that question regarding the form I have a problem with – the do-you-own-a-broker-account-someplace-else part. Am not willing to give the answer to Scotia iTRADE. In consequence, I didn’t open any account yet.

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