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Wednesday, March 17, 2010

My stocks & units investment portfolio in review on date of March 17, 2010

Very exciting to see the TSX at more than 12 000 points again. Like this wasn’t a one hit wonder, the 12 000 points is in the house and it’s for real! And it’s had positive effect on our investment portfolio. We note a small increase of our stocks and units investment portfolio, which is at 43 624.51$. Compare to March 5, when our stocks and units portfolio was at 43558.60$, it’s represent a nice gain of 65.91$. The goal is not to see the portfolio gain 200$ overnight, it’s mostly about having a stable portfolio, with continuous stable gains. So I am a point where I really think I am going to reach the 100 000.00$ in assets by the 2010.

Interesting gain today in my portfolio. Seem like Fortis (FTS) will soon hit the 29$ per stock. At 12.91$, we can say that Enbridge Income Fund (ENF.UN) is almost at 13$ per unit. And so on… My portfolio is doing very very well. For Bank of Nova Scotia (BNS) alone, I gain 560$ from this investment! I first purchase 100 stocks of Bank of Nova Scotia (BNS) when its stock value was at 44.82$. Bank of Nova Scotia (BNS) is now at 50.17$! I earned even more from Methanex Corporation (MX). Back than, I didn’t know too much about Methanex Corporation (MX) but I have to say, this pick pay me well! I first invested 100 stocks of Methanex when its value was at… 15.79$! The stock value of Methanex Corporation (MX) is now at 26.49$... and I now own 103 stocks of Methanex Corporation by the magic of the DRIP. This represent a profit of 1 102.10$! I also did very very well with Pembina Pipeline Income Fund (PIF.UN). My initial investment of 6026.17$ in Pembina Pipeline Income Fund (PIF.UN) now worth today 7091.21$. It’s an increase of 1 065.04$! That’s nice, isn’t? But I am not done wet!

I also did pretty well with Enbridge Income Fund (ENF.UN). I first invested 3 634.28$ in Enbridge Income Fund (ENF.UN). And currently, the very same investment worth 3 924.64$, which represent an increase of 290.36$. Nice little gain.

We can certainly continue with Fortis (FTS). I initially invested 2 625.63$ in Fortis (FTS). Currently, my Fortis (FTS) investment worth 3 041.85$. Profit = 416.22$. Kind of cool!

Ok, and what about Just Energy Income Fund (JE.UN)? Well, my initial investment in Just Energy Income Fund (JE.UN) was of 5 556.77$. The same investment in Just Energy currently worth 6 002.37$. Gain of 445.60$! After what, come and tell me I don't have it! lol :)))

And also Yellow Pages Income Fund (YLO.UN). I first invested 2 248.27$ and I am now at 2 593.67$ when it come to Yellow Pages Income Fund (YLO.UN). The increase? Of 345.40$. WOW!

I had done well with recent pick also. I am very proud of my Davis + Henderson Income Fund (DHF.UN). I first invested in 100 units at 16.88$. Davis + Henderson Income Fund (DHF.UN) is currently at 17.77$. Which represent an increase of 89$. Nice!

My Corby Distilleries Limited (CDL.A) remains stable. I had purchased 100 stocks at 15.30$. The stock value is still the same, at 15.30$.

And not to forget about Jean-François Tardif, our Premium Brands Holdings Corporation (PBH) did quite well! We initially invested 2 899$ in Premium Brands Holdings Corporation (PBH). The same investment now at 2 936$. Gain of 37$!

As part of my strategy, I try to time the market. By timing I mean I invest when I think the stock price is good. That’s how I acquire Bank of Nova Scotia (BNS). At 44$ per stock, I knew I was doing to good investment. For me, it was clear that BNS was definitely going to increase in value in a not too far future… And here we are, on date of today, just a couple of months later, I gain more than 500$ from the investment.

But I do not always time the market as my goal is to invest on a regular basis, no matter what’s going on the stock market. And I did quite well! Of course, Derek Foster is a major inspiration. And I am going to say thing simply and easily: Derek Foster kick ass!!

We talk about my success…. But I also had failed in many occasions. So the major gains I made help to recover from great loses. In order to avoid any loses; I mostly try to stick to Derek Foster plan. I also try to diversify my assets.

So here about my failures:

Blue Note Mining (BNT)
Initial investment: 689$
Now worth: 46$

Dumont Nickel (DNI)
Initial investment: 661.50$
Now worth: 460$

Hanwei Energy Services (HE)
Initial investment: 674$
Now worth: 114$

Sprott Inc. (SII)
Initial investment: 4 952.57$
Now worth: 2 215.59$
-2 736.98$

And the last one that I was keeping for desert, the one and only:

Timminco (TIM)
Initial investment: 4 065$
Now worth: 222$
-3 843$

TOTAL: -7 984.48$

Belive it or not, the genius investor that I am lost 7 984.48$ in the stock market. But great news: all of those investments had been done some times ago. My greatest regret is Sprott Inc. (SII) and Timminco (TIM). Who’s the responsible for my loses? Myself on first place. But secondly, Eric Sprott. Eric Sprott the one and only is directly responsible for the lost of 6 579.98$! Eric Sprott company Sprott Inc. (SII) had lost some great deal of value. When Sprott Inc. (SII) arrived on the market. It was listed at 10$ or around per stock. I invested in 500 stocks of Sprott Inc. (SII). My investment in Sprott Inc. (SII) could have turned well if only Eric Sprott would had been intelligent enough to take good care of Jean-François Tardif when he was working for him. Last year, I earned around 80$ in special dividend of Sprott Inc. (SII). I received the special dividend of Sprott Inc. (SII) just a couple of days ago. The amount earned? 12.62$! We are very far from the amount earned back in special dividend 2009 from Sprott Inc. (SII). In 2009 like so far in 2010, Eric Sprott didn’t deliver.

For those who don’t have a clue of who Jean-François Tardif is, Jean-François Tardif had been a top hedge fund manager working for Eric Sprott. In 2009, Jean-François Tardif, in his forties, announced his retirement. At that time, little did we know about the reason why behind this early retirement. Eric Sprott is the direct responsible of the too early retirement of one of the most talented hedge fund manager. When Jean-François Tardif announced his early retirement, he was closed, from my understanding, to a burn out. He was always working, always reading financial statements, always managing, managing, managing. At a point, Jean-François Tardif asked Eric Sprott for some help: he couldn’t manage the hedge fund alone. And who could? Eric Sprott agree to provide Jean-François Tardif some assistants, but at the only condition that the assistants would also work for other managers of the house. At that time, Mr. Tardif was doing the work of 5 persons: we had declared to the Presse Affaires that he would have needed 4 to 5 assistants. But that help never come.

Feeling exhausted Jean-François Tardif preferred to call for an early retirement. Many professional in finance has to deal with those kind of situation (remember I got fired from BMO Bank of Montreal?). And also, remember Steve Martin who used to be the manager of Creststreet Alternative Energy Fund. What happen? Why Steve Martin is no longer the manager of Creststreet Alternative Energy Fund? Maybe one day we’ll know. See, we learn what happen to Jean-François Tardif at Sprott Inc. So one day, we’ll learn the true about Steve Martin and the Creststreet Alternative Energy Fund. And one day, you’ll know what happen to myself The Dividend Girl at the BMO Bank of Montreal! I am currently working on it!

Anyhow, what a huge mistake coming from Eric Sprott not to answer positively to Jean-François Tardif!

This year 2010 Sprott Inc. special dividend was a lot less because without Jean-François Tardif, Eric Sprott lost a lot of money. I hope investors had been smart enough to sell everything they hold at Sprott Inc.

On date of today, I hold more than 500 stocks of Sprott Inc. (SII). I also unfortunately hold a bit more than 5 000$ in the Sprott Canadian Equity Fund. If I sell those assets now, I am going to loose some money. But I am at a point where I seriously think about selling my stocks of Sprott Inc. (SII) and the parts I hold of Sprott Canadian Equity Fund for the simple and good reason that Eric Sprott is not a good investor. His Sprott Canadian Equity Fund is one those mess. I lost more than 2000$ in it. Why? I did very well myself with my investments in JE.UN, FTS, BNS and so on. So why can a professional do better than making me loose some money? Fact is, Eric Sprott is no longer who he used to be. Especially after the episode of Jean-François Tardif. Eric Sprott doesn’t even deserve the respect of investors.

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