Social Icons

Saturday, November 6, 2010

I am now at 115 048.14$

Wow! What a week! I am working like crazy these last couple of days. There’s still overtime available for the next couple of weeks. I am expecting to do extra hours and, of course, invest it all in my portfolio…

I had received 78.32$ in dividend from Just Energy Income Fund (JE.UN).

My blog is really the place where I can think about my finance so I hope you won’t mind if I sometime I change my plans… My last investment was supposed to be in the Enbridge Income Fund (ENF.UN), but I had changed my mind after following, for the last couple of days, the Sprott Physical Silver Trust UTS (PHS.U).

The Sprott Physical Silver Trust UTS (PHS.U) is the latest addiction to the Sprott Management Asset family. The trust start back in October 2010 and since that time, the Sprott Physical Silver Trust UTS (PHS.U) units keep gaining in value. I learn about the Sprott Physical Silver Trust UTS (PHS.U) just a couple of days ago – that’s why I didn’t have the chance to write about it earlier.

Oh, and talking about writing…. Derek Foster had published his 5th book! Derek Foster latest book is title The Idiot Millionaire and seem to be full of investment ideas! Yeah! I like the title! Its match well with my way to invest, idiot, but millionaire. Or future millionaire. What do you think?

Today, I had purchased 200 units of the Sprott Physical Silver Trust UTS (PHS.U) at 10.73$... The Sprott Physical Silver Trust had closed the day at 10.84$. If you want my point of view, the Sprott Physical Silver Trust is a very good investment. There’s just something I don’t understand too much about it. The Sprott Physical Silver Trust, under the ticket PHS.UN trade in Canadian currency, but when I place my order, a message appears… I didn’t have time to take note of it as I was in a hurry to place my order but there’s something special about that Sprott Physical Silver Trust. It will make a good contribution in kind for my RRSP.

Some readers had requested info about my debt, I guess I am roughly around 45 000$ or something like it. And no, I am not looking forward to pay my debt, only invest, invest, invest. Go baby go.

Watch out carefully the Sprott Physical Silver Trust. I have a feeling I am going to make some great cash with this one. A tip coming from the Idiot Dividend Girl. ;0)))


canuck said...

HI Sunny, what are the benefits in owning the silver? does it pay a dividend, i dont think so. i wonder if paying your debt down would be the wise thing to do and have more available cash for emergencies...thoughts.. you are an incredible lady and way to go with all the good stuff you are doing, i am following you and have made money doing so.thanks kiddo.

Sunny said...

Hi Canuck,

The benefits of adding silver in a portfolio are just like the same one for investing in gold. The benefits are huge! Silver, just like gold, are secured investments. Its also protect form inflation, deflation and from the flutuation of the market. Investing in silver or gold won't provide any dividend. But it bring a positive + to a portfolio: STABILITY :o) Nice isn't?

It would be a mistake to only invest in stocks for dividend.

Right now, I am looking to increase my portfolio, I am not into paying debt. Not at all.... I don't make enough money to pay debt and invest, that's my problem. Anyhow... As for the emergency fund, my portfolio is my emergency fund. :0) Chow canuck and thanks for the kind words.

canuck said...

always a smile to my face when i read your posts. sunny,,,i wonder though with the interest you pay on your debt, takes away the positive side to the dividends..i think it would be wise to chip away at the debt. there is nothing like being debt free. such interesting blogs so glad i found you. making money Sunny...

Anonymous said...

Cancuk, if Sunny is doing her taxes properly, she can deduct the interest she is paying as long as the money borrowed is being used to invest.

Your are doing this aren't you Sunny?

for more information.

With the ability to deduct this interest, this can be an effective way of building up a nest egg. If on the other hand this isn't being deducted, then this strategy would generally be viewed as risky or even unwise.

Anonymous said...

thought that being debt free without paying interest to anybody other than a house or school loan is not the best..i find that interest is money that can be used yourself...maybe using the dividends to get debt thing that is great..Sunny is so young..and a smart lady too.

canuck said...

think waterhouse charges $29 til you have over a hundred thousand dollars , at least they have charged me that til i reached the hundred mark this past month...boy, i find that $29 is very high. Now , looking for something to add to my portfolio.

Sunny said...

Hello Canuck. TD had started that new 9.99$ per trade - its good if you hold at least 50 000$ with them. Give TD Waterhouse a call, they will be able to explain to you the 9.99$ fee.


Thank you

Thank you for visiting!
Blogger Templates