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Tuesday, June 8, 2010

Putting some money aside just in case

So far, I had been free as a bird, investing, borrowing to invest, and doing whatever I wanted with my money. But its looking like things are… changing and suddenly, putting cash aside on an emergency fund seem a lot less boring now. My weekend job will continue for the month of June. As for the month of the July, it’s not that sure. Right there, it’s making 650$ less in my pockets. Currently, I have somewhere around 850$ in cash. And for the first time since a very long time, the cash might remain in my account. Actually, the cash won’t exactly remain in the banking account, it will go as payment on my TD credit line (remember, the one at 8%....... that now turn to be at 8.25%!!!!).

I went to pay my BMO Bank of Montreal credit line and as usual, I wasn’t well-served. I want to the branch located on St-Catherine, right downtown, near the Eaton Centre. I really hate that branch because before seeing a cashier, you have to print a stupid little piece of paper on where you find a number and customers are being served following the number they get. I don’t even understand why a branch will get that stupid system, just felt like I was going to renew my driver license. But that wasn’t the purpose of my visit. Anyhow, I went to that branch because on my way. Why did I hate the service? Well you know, those Quebeckers, always wanted to show you they know everything. I simply ask the cashier what was the minimum I needed to pay on my credit line. And there she began to talk. And you know, those Quebeckers, I hate them even more when they actually talk to me directly, thinking maybe I am one of them. So the cashier continue her talk unfortunately, and begin to show me the screen of her computer, saying the number printed on the receipt is not the number that appear on the actual credit line card… Like what the hell! Don’t you think I didn’t notice that before? I mean, BMO Bank of Montreal banking services are so disgusting: made by Quebeckers FOR Quebeckers ONLY lol!

I have to say, I am pretty happy with TD Canada Trust, a « real » Canadian bank and the best Canadian bank in Canada. Even with a so-so job situation, even after I had being laid off from my BMO Bank of Montreal job, TD Canada Trust had giving me a credit line of 10 000$ from my RSP loan. I will be forever grateful to people of TD for giving me that 10 000$ loan. Why? Because I have a chance to hit the magic 100 000$ in assets by the end of 2010. The chance is slim, but there’s still a possibility and it’s actually the only reason why I wanted to get a RSP credit line on the first place. The person who took my loan request at TD was an Arabic man. I love Arabic, I love black guys, Chinese, Asians…….. But don’t ask me to do business with a real Quebecker white born in Quebec, because nothing works between me and Quebeckers. I just can’t explain it. It’s just there.

One of my readers from BC sends me some pretty hilarious emails sometimes and here’s one of them. I guess he won’t mind. It’s call « The Parking ticket », involving a senior citizens couple:

The other day my wife and I went into town and went into a shop. We were only in there for about 5 minutes. When we came out, there was a cop writing out a parking ticket. We went up to him and said, 'Come on man, how about giving a senior citizen a break?'

He ignored us and continued writing the ticket. I called him a Nazi turd. He glared at me and started writing another ticket for having worn tires. So my wife called him a shit-head. He finished the second ticket and put it on the windshield with the first. Then he started writing a third ticket. This went on for about 20 minutes. The more we abused him, the more tickets he wrote.

Personally, we didn't care. We came into town by bus and the car had a Quebec sticker. We try to have a little fun each day now that we're retired. It's important at our age

What do you think? Pretty funny isn’t?

I got fired from BMO Bank of Montreal less than 3 months after being hired from them. I actually got fired after getting a 5 000$ credit line and 4 000$ credit card. Not only did I get treated unfairly; put so did a friend who got fired at the time of the integration session. BMO Bank of Montreal is one of the worst financial institutions we have in Canada. But great news, its not even a Canadian institution, it’s a « Quebec » institution. So nothing to worry too much about. BMO Bank of Montreal won’t go very far. Trust me. A couple of months ago:
BMO Bank of Montreal got involved in a huggggge mortgage fraud – very good for them – and even more recently,
BMO InvestorLine informatics system got a couple of glitch, costing thousands of dollars to investors who had made the wrong choice, choosing BMO InvestorLine as broker. After all this, come and tell me all this is not in result of my January 2010 laid off from BMO Bank of Montreal? That’s what happen when some of the other, the Quebeckers decide to laid off the result (me of course) of centuries of blood stoppers. That one was pretty ugly isn’t?

But you have to get a straight picture of what’s really going on with BMO Bank of Montreal: Nothing similar is going on with other Canadian banks like TD Canada Trust, RBC, CIBC and so on…. You know the real good ones. Anyhow, look like BMO Bank of Montreal is finally getting the kind of shit it’s deserve. I am just writing about blood stoppers for the fun of it, those things are common in rural New Brunswick. You have to believe in God to believe in blood stoppers and you have to believe in blood stoppers these days if you want to do well on the stock market!

Why am I saying this?

Well, my latest investment, 138 units of Claymore Gold Bullion ETF (CGL) at 10.86$ per unit. This investment was made on June 4th. Today, Claymore Gold Bullion ETF (CGL) had closed at… 11.18$! This represent a profit of 44.16$ within a couple of days! The rest of the portfolio is following the market condition. I am looking forward for gains, TSX point gains. Right now, the stock market is the place to be for small and very small investors like myself! Enough for tonight.

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