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Thursday, May 6, 2010

CIBC Visa is the best!

Yesterday, I was very upset at CIBC Visa and you know, those frustrations had to come out one way or the other. The rep I talked to last time told me that my 3.9% special interest rate on my remaining balance of 1 283.63$ was ending today, May 6, while it should had end on September 6. I didn’t have time to argue with the rep at that time and I also wanted to make sure I wasn’t making a mistake on my side. I wanted to review my transfers and see exactly what had been done. Lately, I had been quite busy so passing time on such things really annoyed me. You could ask me, what are you doing, what are you so busy at? I am busy at living first, at working everyday, not to mention that each day involve 1.5-2 hours of walking every single day now that I do not own a metro pass. It’s been almost a week now without a metro pass and I kind of enjoy walking around, especially with the wind, I just like Montreal wind, a nice flair one. And I am also busy at trying to make money online and following the stock market and my sensational investments. That’s what I am busy at.

Anyhow, I call back CIBC Visa today and it appears that I was right! I went gently with the rep without screaming – lol – I was put on hold while verification was made. And after I was told that everything was fine, that I was going to have the 3.9% on the 1 283.63$ balance left until September 6. I was so happy that I told the girl I would wrote a note on her behalf. And of course I will. So I am pretty thankful for CIBC Visa to have fixed my problem.

I never had any issues with CIBC. I am grateful to have some investments with CIBC and a credit card. So this problem had been fixed. I am very happy now because my projects are taking form. I do not really want to begin paying off debts until I reach 100 000$ in assets. That’s really all. It could be seen as a non-sense for some people but for me, it all make sense. The TSX might be under the 12 000 points now, but it doesn’t change anything in my projects. The lost of today at the market is actually a good sign and the opposite – gains – would had been an abnormal reaction to an abnormal situation that we are currently living with the Greece and other European countries. The market had a normal reaction to an abnormal situation and it’s a good sign. The TSX is just following the market. And it’s more important than ever to have a diversified portfolio. It’s also a very good time to make some new investments if, of course, money is available. Which is currently not my case lol.

While most of my investments had lost in value today, one had gain: Claymore Gold Bullion ETF (CGL). Until today, Claymore Gold Bullion ETF (CGL) highest value was 10.79$. Today, Claymore Gold Bullion had been its own scored by reaching a fantastic 10.93$. This is exactly what happens in recession time: the price of gold increase. And Claymore Gold Bullion ETF (CGL) had just followed the market. Adding Claymore Gold Bullion to your portfolio can help to provide stability to your assets. The only problem being that this investment won’t bring any dividend in the house. That’s the price of stability, I guess.

And talking about dividend, I had received 51.45$ from Bank of Nova Scotia (BNS) and a very awesome 75.02$ from Just Energy Income Fund (JE.UN). I am now at 106 stocks of Bank of Nova Scotia (BNS) and 731 units of Just Energy. Regarding JE.UN, I would very much like to reach the 1 000 in units of Just Energy Income Fund (JE.UN). But as for now, my goal is to invest in 100 stocks of Corby Distilleries Limited (CDL.A). Corby Distilleries Limited (CDL.A) close the day at 15.60$. Since I own CDL.A, I never saw the stock price going under the 15$ per stock. Corby Distilleries alcohol is as pure as gold: Corby Distilleries will continue to bring great stability to my portfolio just like, Claymore Gold Bullion ETF (CGL).

In those tough times, I greatly need stability, especially after seeing Just Energy Income Fund (JE.UN) falling to 13$ per stock. Currently, my non registered portfolio is under the 47 000$. This is of course very sad, but the market will go up again. Just Energy (JE.UN) had made a great acquisition in the US and its unit value will go up again. Energy stocks can be quite volatile and sensible to the market condition. The market condition may affect JE.UN value at the TSX, but it won’t affect JE.UN dividend. My dream would be to own 1 000 units of JE.UN. This is quite realizable knowing I already own 731 units. The DRIP system is really fantastic. Earning one more stock of Bank of Scotia (BNS) through the DRIP system could be seem as being nothing at all, but it is not, especially knowing that 1 new stock bring 1.99$ extra in dividend income. When a company close or suspend its DRIP, like Premium Brands Holdings Corporation (PBH) and Pembina Pipeline Income Fund (PIF.UN), its all the hope for a better portfolio that disappear, even if its mean earning 1 or 5 stocks or units less per distribution period. But not having the DRIP is not the end of the world. It’s actually quite pleasant to have some extra cash available to do whatever you want with it. You can do whatever you want with the dividend earn because it is YOUR money. Is there any better thing in the world than earning dividend?

With my newest dividend earning, I just exceed the 1 000$ in dividend for 2010. I am currently at 1 123.49$ in dividend passive income for 2010. After 2 years investing in stocks and units, I become a better investor. So far for 2010, nothing major but I can say proudly that I didn’t make any investment mistakes. I do things the way I want and so far, I am satisfied with the results. I always told myself that if the losses would became too significant, that I would stopped investing but so far, I recover from losses and I am confident that my portfolio situation will just get better over time. Guess I am still too much confident in myself even after being laid off of BMO Bank of Montreal.

I am that of a monster :)


Dividend Lover said...

are you getting in better shape from the walking :)

Sunny said...

Yes I do! I feel a difference. I feel lighter, actually. Doing ok for now. I guess I will go without a metro pass all spring and summer long.


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