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Monday, April 26, 2010

Because its all about the lowest and the highest

The upcoming weeks are going to be much better as I got my regular schedule back. I went crazy for the past couple of days as I sometimes had to wake up at 6 in the morning just to go to work… But now everything back on track. My portfolio is doing quite well. Nice gain today again for my portfolio! Most interested gains were for my RSP stocks portfolio.

I don’t know how many times I write and told myself I was going to job search, but I didn’t and I don’t think I will. I am confident I might be able to reach the 90 000$ in assets if not by the end of June, later on this summer and this is enough for me. At a point, working more just getting the hell out of me, money is good, but I guess at 89 100$ in assets, the money lost is excitement, investment lost of its freshness and dividends well, they are what they are: dividend… lol… I know that I will be job searching again but it won’t be for now, unless I really need to.

Maybe I shouldn’t have done this but I just call T D Waterhouse to contribute to my TFSA. I had a 1 800$ or something left over, so I decide to take the 200 units I had of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered account transferred over my TFSA. And guess who else had join the TFSA? Dumont Nickel (DNI)! I transferred the 23 000 stocks from my non registered account to my TFSA. Why did I do so? I had 1 885.02$ left that I could be invested in for 2010 in my TFSA.

At this point, I am just fooling around with little investments but funny fact is that all of those little investments combine together, make, at the end, a really fantastic 89 100$ and something… Anyhow, I already had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) into my TFSA. I also had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered broker account. This one actually was my latest investment. Since I had a contribution that could be made for my TFSA, I just decide to have all of my Consumers’ Waterheater Income Fund (CWI.UN) units sleeping in the same boat. That’s really all.

As for Dumont Nickel (DNI), I am just looking forward to sell the 23 000 stocks I hold at 4 cents each. The profit will be, of course, small – but still, a profit is a profit. And why not making a profit free of taxes?

When making those transferred into my TFSA, I had been told if I wanted to make the contribution at lowest or the highest. But I decide at the lowest because that way, it make more money left to contribute for my TFA. The representative didn’t want to give any advice. Brokers are really just that: brokers lol. Even if they want, they cannot provide any advice. What a dream job isn’t? Just execute orders, no hassle. Anyhow, I could also transferred over Hanwei Energy Services (HE) and Timminco (TIM) but at this point, I want to understand what’s the lowest and the highest mean before switching those 2 into my TFSA. Let’s say I want to begin to be more sophisticated and at a point, I promise, I am going to know exactly what I am doing for once in my life.

Transferring some non registered investment into registered investment (TFSA or RSP) is not an easy thing to understand. Just very mysterious. That’s what I remember from last year, when I transferred some non registered mutual funds into RSP mutual funds. I was very curious to see the effect on taxes. But I didn’t get any paper for the taxes except of course, a RSP contribution paper. Transferring non registered investment into registered account – when it comes to mutual funds – is not like making a sell because the exact same amount of units hold is getting transferred into RSP.

Ok, but stocks and units are not mutual funds. So will I have something to declare for the transfer I did tonight with T D Waterhouse? I don’t know. I mostly understand the basic, but that lowest and highest thing is quite intriguing.

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