Social Icons

Friday, December 3, 2010

I am now at 119 091.10$

This week is finally over. I work this weekend, but it could me my last weekend until mid-January. I am not very upset of being out of weekend work: you should see me, I look horrible. I am mentally and physically exhausted and I am missing my free time. Anyhow, I will be taking a break from that horrible lifestyle for the upcoming week. The everyday routine is so terribly exhausting, so usual, so BORING lol... But I am ready to stick to it because all of that money of mine is getting me rich and richer. Don’t you ever believe that I am earnings thousands and thousands of dollars every month; that’s not true. I had been working at 2 and sometime even 3 jobs to make this happen...

Thinking about buying US dollars with TD Waterhouse?

Nothing is easy but it definitively worth it, especially now that Derek Foster had published his newest book and his latest email newsletter... Seem like Derek Foster had a particular interest for our US friends. And yes, this is a terrific time for investors, especially if you are into currency investment! If, like me, you are with the Canadian online broker TD Waterhouse (which is the best online trading broker by the way), go open your online stock trading account now. Check under your “Balance” information, right at the bottom. You’ll see “USD Conversion rate” and next to it, you’ll find the following online currency exchange rate: 1.006. And this online currency exchange is HUGE.

What you had seen is right; we are almost at 1, which mean that parity US-Canadian dollars is almost here. Want to get a taste of what parity mean? Well, let say I have 600$ in Canadian currency that I want to invest in the US stock market. First, I will need to converse my Canadian dollars in US ones. Want to know how much 600$ Canadian dollars worth in US dollars? Simple, proceed that way: the amount in Canadian dollars/rate: 600$/1.006 = 596.42$ US! If you have money to invest, this is the perfect time to get your Canadian dollars converse into US ones. One of the best times ever. Great news isn’t? The only problem being to get cash now. This meaning that getting fresh cash at this time is definitively a problem for me.

Yeahh, I am now at 119 091.10$

Yesterday evening, I took time to update my stock investment portfolio. That thing of mine is now such of a monster! So diversify and sooooo long....... I calculate all of this manually. I could possibly do all of those calculations on a special sheet but part of the fun of updating my online investment portfolio and when it come informatics tool, I far from being the best. Anyhow, I put in all the money I currently have in my online savings store in my banks savings account etc and all together, it make the magical amount of 119 091.10$.

My non registered stock investment portfolio had done even better today, for a closing at 71 795.22$. That’s a profit of 340.10$ compare to yesterday. Those profits are partly coming from my silver trading in the Sprott Physical Silver Trust UTS (PHS.U) from Sprott Asset Management, which had close today session at a very awesome 12.30$. There’s not many units left of the Sprott Physical Silver Trust UTS (PHS.U), only 156 857, apparently. But before today session, it was even less, something around 50 000 if I remember. So I guess some investors might have cash in their profits. Good, but hold on because the way things are going, the Sprott Physical Silver Trust UTS (PHS.U) could reach soon the 15$ per unit. I can easily imagine that. I plan to stick and hold to the Sprott Physical Silver Trust for a very long time and I plan to sell only in case of need but even there, in case I need cash, I will sell my Bank of Nova Scotia (BNS) stocks first. Reason why? I don’t care about Bank of Nova Scotia since they had refused my RRSP loan last March. The only reason why I am not selling my BNS stock is because of the capital gain I will have to declare. Remember that I purchase 100 stocks of BNS when they were only at 44$ I could had done a better deal purchasing them at 27$ after the stock crash but I taught at that time – in 2008 – that purchasing Canadian bank stocks of Scotia Bank at 44$ was a pretty smart move. It was, but the move could have been better. This is just a proof that I am not a psychic. I am not able to read the future, but what I can say is that I am going to soon be holding some units of the public offering of the Horizons Gold Yield Fund (HGY.UN).

Looking forward to invest in the Horizons Gold Yield Fund (HGY.UN)

In a hurry, I call my TD Waterhouse online broker today, asking them how to invest in the Horizons Gold Yield Fund (HGY.UN). Gold just like silver, according to Eric Sprott, is the next best thing and there’s no way I am not going to invest in the Horizons Gold Yield Fund (HGY.UN).

When doing some search over the Internet about the public offering of Horizons Gold Yield Fund (HGY.UN), you may read at some places that the public offering of Horizons Gold Yield Fund (HGY.UN) is only being offered with Scotia iTrade of Scotia Bank among other. Actually, here’s a complete list: BMO Capital Markets, CIBC and National Bank Financial Inc., and includes RBC Capital Markets, Scotia Capital Inc., Canaccord Genuity Corporation, HSBC Securities (Canada) Inc., GMP Securities LP, Raymond James Ltd., Dundee Securities Corporation, Mackie Research Capital Corporation, Macquarie Private Wealth Inc., MGI Securities Inc., Rothenberg Capital Management Inc. and Wellington West Capital Markets Inc. Seem like someone had forgot to include TD Waterhouse, one of the best discount commodity brokers, in the list right. Well, we all make mistake...

But don’t ever worry; I have of good news for you! You can be part of the Horizons Gold Yield Fund (HGY.UN) offering if you have a minimum of 1 000$ to invest. But hurry up, because you have until December 17 to make your move (and find the cash... lol...). I would had been interesting at investing 400$ only. But I learn that the minimum was 1 000$... So what am I going to do now. Will I have to say good-bye to my first public offering?


Getting ready to open my first margin account

Hello margin! I wonder why I had wait so long before opening a margin account. I was pretty dumb because if I would have opened my margin before, I would have the margin account at a super low interest rate of 3.5%. Was it the exhaustion? The laziness? My only excuse, and it’s an easy one, was the lack of time. But my inaction had cost me a 1% in interest rate. Currently, TD Waterhouse margin account is set up at 4.75%. Still interesting for me knowing that I have a 5 000$ credit line with TD Canada Trust at 8.75% and a 10 000$ credit line with one of their competitor at something like 7.27%. So imagine the possibilities, all the money save in interest! The best of course, would be to be debt free, but I doubt this will ever happen, for many factors. But holding debt at less than 5% is something extremely interesting.

But nothing done yet, I still need to be approved but hey, did TD Waterhouse and/or TD Canada Trust ever refused something to me? The answer, for the fast majority is NO. And I could push it harder by saying that at some point, I am the TD QUEEN. Lol... Pretty hilarious isn’t...

There’s no way I will be able to find 1 000$ in fresh new cash to invest in the Horizons Gold Yield Fund (HGY.UN). My only solution is to use money coming from a margin... I would like to invest 2 000$ in the Horizons Gold Yield Fund (HGY.UN) using margin money and the rest available would be use to pay all the debt (at the exemption of my student loan) that I hold at an interest rate of higher than 4.75%. I am not even afraid to use all of the margin money available to pay off debt, but the vast majority of it will be use to pay off debt. Money need to be available in case the stock market crash again (and according to Eric Sprott, it could happen again), so better be ready. The Horizons Gold Yield Fund (HGY.UN) would be the only investment made using margin.

What I learn today about margin call

I ask the question to a stock broker of TD Waterhouse online broker day trading today: what if something happen and I get a margin call, what happen? Well, first you get a call from the credit department and after what; you have 3 days to pay off the margin. After 3 days, the credit department reserve the right to sell a portion of your portfolio to cover the margin. But this being only after 3 days. So basically, if you use margin to pay off debt only, your margin account use will be pretty safe. And especially more if, like me, you take a look at your online stock trading account every day, you won`t have to deal with any bad surprises. No one will come and sell your online investment portfolio on your behalf. That’s very interesting.

One of the reasons why I am getting so passionate about the Horizons Gold Yield Fund (HGY.UN) is that no matter what, TD Waterhouse can do whatever it takes to jump into the investment and also, acquiring units of Horizons Gold Yield Fund (HGY.UN) through this public offering is commission free trading! Which mean there’s no fee related to the acquisition of Horizons Gold Yield Fund (HGY.UN).

On top of that, you are sure of acquiring some Horizons Gold Yield Fund (HGY.UN) units before everyone else, which is pretty cool. And don’t forget the flat price of 10$ per unit. That’s very interesting too and knowing we are talking here about gold investment, you get a great deal for your money and you’re getting ready for very good profit. This is not, of course 100% sure, but takes a look at how much worth gold right now, if it’s what it needs to satisfy your concerns. Because me, I don’t have any concerns or doubts when it come to the Horizons Gold Yield Fund (HGY.UN). And it’s the same thing when it comes to the Sprott Canadian Equity Fund.

My investment in the Sprott Canadian Equity Fund close at 7 428.01$. A profit of 428.01$ within a couple of days. Try to find something better on the mutual funds market right now – you won’t find anything better. And forget about BMO Bank of Montreal mutual funds when it comes to aggressive growth mutual funds as well as BMO Bank of Montreal ETFs: they don’t worth half of Sprott Asset Management investment products.

1 comment:

Jason said...

Curious as to why you keep bringing up Derek Foster. He is probably the worst investor in Canadian history, selling his entire portfolio during the March 2009 bottom. You, on the other hand kept buying during the downturn and have made a gigantic profit because of it. You're 10x the investor he is!


Thank you

Thank you for visiting!
Blogger Templates