UA-300188601-1 The Dividend Girl: June 2011

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Thursday, June 30, 2011

Thomas Kloet TMX Group Inc. (X) CEO is the loser of the losers

While another month is about to end, this is actually very hard to believe. I was very disappointed today when I learned that the TMX Group Inc. (X) had decided to cancel the merger of equals deal. June 30, 2011 was supposed to be the big day, but the TMX Group call it quite one day before, without giving the chance to shareholders to speak their mind about the merger of equals. 

While canceling everything in a move a panic, TMX shows sign of an interior poor leadership. CEO Tom K should resign. The TMX should have gone through this all the way and give shareholders the opportunity to vote for or against the merger of equals. We’ll never know for sure if the deal could have gone through or not. A vote is a vote and has only value once accomplished. It would have been interesting to get the result of the vote. 

By calling it quite, Thomas Kloet and his board are acting like complete losers. And now that the deal with the London Stock Exchange Group had been cancel, Mr. Kloet is now going to study the proposition of the Maple Group while he already said before that the Maple Group proposition wasn’t valuable. So there’s a big contradiction in here. And worst of all, the TMX Group has to pay millions of dollars to the London Stock Exchange Group. 

Knowing that millions have to be paid in case the deal being cancel, the TMX Group should had giving the merger of equals its chance. The TMX Group shouldn’t have cancelled the vote, knowing millions were on the table. This demonstrates a poor leadership and this is not exactly very great for the image of Canada. Did Thomas Kloet got buy somewhere by banks? Would Thomas Kloet had been paid 300 000$ to cancel the merger of equals deal? Does the amount of 300 000$ sound familiar to you? Well, 300k is the amount that Brian Mulroney received in the Airbus Affair.

Here in Canada, financial crimes are not being paid the hard price and see the results. That’s what happening right now. Thomas Kloet is an idiot.

Wednesday, June 29, 2011

YES to the TMX Group Inc. (X) and the London Stock Exchange Group, NO to the Maple Group

On June 30, 2011, TMX Group Inc. (X) shareholders will be under the obligation to vote FOR the merger of equals. This need to be done to preserve the financial interests of Canada. Some will come with a totally opposite view, saying that in order to preserve the interest of Canada, shareholders need to vote against the merger of equals project.

Two days before the decisive vote, Jack Layton, a Quebecker born and raised in Montreal, Quebec province is suddenly manifesting some concerns about the merger of equals. Surprising? Not at all, knowing that major Quebec leaders and financial institutions are supporting the Maple Group. Jack Layton is certainly willing to support the Maple Group because in Canada, the New Democratic Party has become the official opposition because of strong support received in Quebec province. So Jack Layton position is one of a man willing to support his voters. It’s not in an optic to defend the interest of Canadians. Keep that in mind. It’s all about business here, but TMX shareholders like myself need to see clear in this foolish game.

The Caisse de dépôt et placement, Fonds de solidarité FTQ, National Bank and Desjardins Group are 4 major Quebec institutions that are taking part to the Maple Group. Major and poorly manage are two terms that fit best to those Quebec financial institutions. Not to forget who are Quebeckers in their essence.

For decades, selfish hypocrite Quebeckers have vote for the federal political party Bloc Québécois. From 1991 to todays, the party devoted itself to the protection of Quebec’s interests in the House of Commons of Canada, making the Bloc Québécois a sovereigntist party in Ottawa. While trying to please the fools, Canada Prime Ministers of all time had to spend a lot of time and energy on Quebec province. This drive Canada to the Sponsorship Scandal. The scandal result in good intention from Canada to enhance Quebec inside a united nation. But as always, Quebeckers destroy the good intention and f the whole thing.

The Sponsorship Scandal is similar to the Airbus affair. While being Prime Minister of Canada, Brian Mulroney accepted 300 000$ to promote Airbus inside the government. The bastard!

Never forget, always remember: Quebec is the shame of the Canadian nation. When it come to defend Canadian interests, Quebeckers need to back off because they never been able to match the level of efficiency of Canadians. Quebec eternal taste for glory is going to be short and sweet. On June 30, 2011, I am 90% sure that common sense will win and that vast majority of TMX shareholders will vote in favour of the merger of equals proposed by the London Stock Exchange Group. There’s no other issue. Canada needs to escape from an exclusive “bankers power” present in the Maple Group and, even more important, Canada need to remain far away from any Quebec power.

Quebeckers have to understand that they are part of a distinct society and that they don’t have any major role to play in the Canadian economy. We can do without Quebec and I hope that one day, Quebec province will separate from Canada. Let’s the Quebec fool play between them and between them only so Canada can finally shine.

Voting for the merger of equals equal a vote for Canada, a vote for the liberty of capitalism, a vote for the evolution of our exchange.

I vote for the merger of equals project on June 24, 2011 on St-Jean Baptist Day, to remember my vote forever. On June 24, I screamed a big NO to Quebec by voting FOR the merger of equals. Take that Quebec! And... oh... BACK OFF QUEBECKERS, BACK OFF FOREVER. Don’t come and mess up with Canadian interests. I think the message is clear now.

There was a lot of screams in this post, I hope I did not scare you too much. But at least, I did what I could. I want Quebec province to be totally out of the big scheme. I want  them to suffer, I want them to realize that they had missed their chance to become part of something they cannot measure the importance. To Love Canada is to hate Quebec. The province must be destroy and neglect from Canadian authorities and right now, well, Stephen Harper is doing the job quite well.

:0)

Tuesday, June 28, 2011

Yellow Media Inc. (YLO): a BUY, SELL or HOLD?

Before selling Yellow Media Inc. (YLO) on May 3, 2011 at 4.65$ per share, I was a long time shareholder of the company. Selling a long time asset is not something easy to do, but in the case of Yellow Media Inc. (YLO), it was absolutely needed. I did not lost the original investment made in the sell, but I lost about 300$ value that had been reinvested through the DRIP. At this point of my investment journey, everything is going very well. I went through the stock market crash of 2008. It’s certainly not now that I was going to lose valuable money in an investment. That’s why that on May 3, 2011, I sell all asset of YLO.

Afterward, I had received a few stocks resulting from my DRIP. I had called TD Waterhouse and they had been kind enough to sell my few stocks left at no charge. I am extremely grateful to TD Waterhouse because I no longer want any bad investments in my portfolio. I still have my stocks of Timminco (TIM) left in and that’s the only bad investment that remain in, as a tragic souvenir that even stock guru like Eric Sprott can make investment mistake. I now have myself as main guru and I never been doing so well since the time I told myself never again. No more investment tragedies. This is the kind of event you want to live once in a lifetime, not two or three times. That’s why I decided to sell, on the fatidic date of May 3, 2011, my investment in Yellow Media Inc. (YLO). No more tragedies. Eric Sprott has been my guru but he’s no more. I am now my own guru, that’s way much better, don’t you think so?

In 2007, I was mostly invested in mutual funds and I was reading Gordon Pape mutual funds reports. Fun, but there was way too much information available and the lazy girl that I am quickly turn down Gordon Pape mutual funds reports. Gordon Pape wrote about the current Yellow Media Inc. (YLO) tragedy. Because yes, what’s happening right now with Yellow Media Inc. (YLO), yes, I call it a tragedy, a disaster that some Quebec poor leaders are responsible of. And remember, I am on the stock market to win. To lose money because of Quebeckers. Never again.

So what’s the link between Yellow Pages and Gordon Pape? Well, Pape had written a chronicle appearing in my broker account at TD Waterhouse. From what catch me, it wasn’t a sell or purchase advice. It was a sell if an investor cannot support volatility and it was a buy for investors who can support risk. I absolutely hate those kinds of advices. Investors are in big need of real good advice. Not a gray zone. A Buy or Sell or Hold. Nothing in the in between. I want to know right now what I need to do for myself. Most of the time, I find the answers by myself.

In my investment journey, I had been very lucky. Lucky to have good people sending me from times to times emails, investment ideas, etc. etc. etc. Want to know what the emails are saying? Well, a few years ago, a man that I constantly refer to in my blog as the mountain lion hero aware me of Yellow Media Inc. (YLO), that it wasn’t a good investment because of Google and a lack of inside management of YLO, no long time vision for the company. That’s all I will say to keep it short. 

I am writing this because some investors, also Dividend Ninja, knew a long time back that YLO was not a winner pick. So we have here Dividend Ninja AND the mountain lion hero. So I don’t understand when Gordon Pape keeps it in a gray zone when it comes to YLO. And I hate that. That's it. I hate it.

It’s not going to get any better for YLO unless they get buy by a competitor. It’s over for YLO. It is not a value stock. YLO may be attractive for their high dividend yield, but when we’ll be facing another correction, YLO won’t be able to support it and may become, at that time, a penny stock, trading at less than 50 cents per stock. YLO high dividend yield is a trap. Remember who’s behind YLO management: Quebeckers. YLO management team do not have enough judgment to decrease their dividend. More sophisticate investors do not even invest in high dividend payer companies because they know it’s a trap. It’s irresponsible coming from YLO to pay a dividend yield exceeding the 10%. Absolutely irresponsible. 

I would like Gordon Pape to act like a financial guru and go with a BUY, SELL or HOLD when it comes to YLO but he didn’t. Back in 2007, I did not get what I wanted with Gordon Pape and in 2011, still the same thing. Who is that man anyway? Who is Gordon Pape? A Quebecker?

As for myself, on May 3, 2011, I took the best decision ever by selling Yellow Media Inc. (YLO).

Yellow Media Inc. (YLO)? SELL. Your money deserves better. Go with the dogs (TRP, CNR, etc.), not small players showing off the big yield just to impress and show it all. YLO is to be happily flush from your investment portfolio ASAP.

On the road to (finally) sell Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)

To begin, here’s today data according to TD Waterhouse:

Portion of the margin account that been used: 39 978.78$
Non-registered portfolio value: 111 351$
Money left available of the margin account: 21 518.13$

My investment portfolio is stable despite the financial storm going on right now. As long my margin account exceed the 20k in funds available, I think I will be able to go through this without too much trouble. Because storm is. Some analysts said that we’ll be facing soon another recession (but we’re already in one right?) and some other are a bit more optimistic and say we are on the way for recovery, but it will take time. As for myself, I prefer to manage my portfolio like if an upcoming second market crash would be on it’s the way. Better be ready for the worst. Personally, I don’t think we’ll be facing something as huge as the 2008 stock market crash. I think the market will be very volatile in the upcoming weeks and that’s why I am now more focus on having quality asset rather than high dividend yield payers. While focusing on quality asset, you’ll be protecting your portfolio to any eventually tornado.

Currently, my goal is to sell at 8$ per unit my investment holds in Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). This will bring more than 3k on my margin account. Following that sell – that I feel could be completed for this week – I would like to invest in a couple of shares of TransCanada Corp (TRP). This is very unfortunate because today was the latest day to invest in TRP in order to benefit from their dividend. I need very strong assets in order to go through an eventual stock market crash and TRP can do the job. I wanted to invest in TRP for a very long time now. Usually, it doesn’t take me that long to invest in something I really want to add to my portfolio. But at this time, I feel important to go with one thing at a time. First, sell HZD and after, invest in TRP. I want to remain at 20k+ on the available portion margin and for that, I need to stay in control.

Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) closed today session at a fantastic 7.37$. Good, but still far behind the 7.79$ I had purchased HZD. But I remain confident. In case of a sudden luck, my sell order is out there and ready to go. If this can be completed before I go in vacations, it could be absolutely perfect. And then, I could add another dog in: TransCanada Corp (TRP). Basically, that’s the plan.

Monday, June 27, 2011

A good investor has to listen to good music: you have that with Soul Rebels Brass Band

Yesterday started the Montreal International Jazz Festival. I went yesterday and today after work and it was awesome. Tonight, Montreal got a taste of New Orleans with Soul Rebels Brass Band. It’s was an amazing show and I was right in front! Enjoy the video! This is my first YouTube video took front my iPod. I got the chance to be in the front row! This is Soul Rebels Brass Band on June 26, 2011. What an amazing show! Those guys have the groove!

Saturday, June 25, 2011

On Bay Street, First Majestic Silver (FR) is the hot thing

The data for June 24, 2011 were quite good despite the actual market situation:

Portion of the margin account that been used: 39 973.52$
Non-registered portfolio value: 111 497$
Money left available of the margin account: 21 596.35$

I am still monitoring closely my non-registered portfolio and I think I will be doing this for the upcoming weeks. Monitoring very closely help me to stay in control. The control create an illusion of security. No matter what I do, if the market crash my portfolio will be crashing too and there's NOTHING I can do about it, if not stop investing in stocks. But that's not going to happen soon.

As long my margin balance left is of more than 20k, I don’t care too much about the market fluctuation. And no one should very care. Being too attentive too what’s going on with the Toronto stock market could possibly caused a panic attacked to anyone. Having going through the stock crash of 2008 help of course. But even before, the market was volatile. It always be and will always be. I decided to invest in stocks for my own benefit. There’s a lot of money to be made and so far in my journey, my gains always exceed the capital loss.

For my part, one way I had come with to fight the market volatility is by responding with diversification, which is known as asset mix. I don’t have a specific formula for diversification. I invest in what interested me, keeping in the back of my head the diversification rule, in sectors, and companies. My main rule is to keep it diversify, and not to invest too much money in the same spot. Those are the simple basic rules that I follow. And fact is, it’s been working quite well for me.

Colabor Group Inc. (GCL) closed today session at 10.12$. While exceeding the 10$, GCL is showing positive signs of recovery. Dumont Nickel Inc. (DNI) closed at a good 30 cents. I am still on profit mode with DNI, and I don’t plan to sell anytime soon because there’s good chance for Dumont Nickel Inc. (DNI) to come with some interesting mining development in a close future. And when it will happen, DNI will worth much more.

Another good surprise resides in WesternOne Equity Income Fund (WEQ.UN). On March 15, 2011, I made the very smart decision to invest in WesternOne Equity Income Fund (WEQ.UN). At the time, I acquired hundreds of stocks at 5.40$. Just to let you know... WEQ.UN closed today session at a very strong 6.55$! Those kind of good gains help to keep certain stability. Some other titles of my portfolio are not performing too well. It’s seemed to be a difficult time for Sprott Inc. (SII), EnCana Corporation (ECA) and Just Energy Group Inc. (JE), among other. Watching MY JE falling under the 14$ is not fun. Not fun at all. But, because my portfolio is diversify, gainers help the losers of the time.

If it continues like this, I may be able to sell Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) very soon. HZD closed today session at 7.07$. A couple of weeks ago, I had invested in some units at 7.79$. I had set myself an automatic sell order at 8$ per unit. The sooner the order goes on the better it will be. I had invested in HZD with the intention to sell on the same day to generate a small profit. I had been victim of a turnover and I wasn’t able to sell HZD at profit on the same day. However, this had been good learning experience. Never again will I gamble and try to time the stock market.

Day trading had brought in something really good in my investment portfolio: First Majestic Silver Corp (FR). While performing day trading the way I had explained it previously, I came through this Canadian company I had never heard about, First Majestic Silver Corp (FR). Fact is, First Majestic Silver Corp (FR) produced the purest silver of world. You can learn more about FR right here.

Since the silver crash, a lot had been said about silver. Actually, a lot had been said about silver before and after its crash. I had learned this: despite silver value going down, companies in silver mines will continue to raise profit. Why? I will refer to this previous post. Currently, there’s not enough of silver to cover the demand. Silver is greatly needed and the economic boom in China is only increasing the demand for all type of metals, including silver. And this is where it’s getting interesting.

On June 19, 2011, Julie Gordon for Thomson Reuters reported that US analysts recommended selective buying of silver miners. And among the selection, we find First Majestic Silver Corp (FR). Analysts recommend investing in silver mines because no matter how much silver worth, silver mines are in good position to boost profit. Reason behind is that precious and non precious metals are in high demands. Remember what Eric Sprott had said about silver. And there you go, you got a killer stock in First Majestic Silver Corp (FR) and, best of all, it’s Canadian and produces the highest pure silver quality of Earth. Is that enough powerful for you or not?

I had personally invested just a little in First Majestic Silver Corp (FR) and I am very proud, as you can imagine of my acquisition. But you need to be aware; FR is quite sensible to the market volatility and is not very stable. However, FR being sensible to the market make it a great investment for grow. Despite the fact that FR doesn’t pay dividend, at least not for now, I am willing to hold FR for now to later on, of course, see it EXPLODE in profit. Now, the only problem being would you be in when it happen? But that is not in any way my problem. It’s only yours.

Friday, June 24, 2011

Another stock market review by the Dividend Girl: it will never stop

I knew it, the TSX wasn’t going to stay over the 13 000 points for very long... Yesterday, I closed with more than 22k available on my margin account. I currently have a bit less than 22 000$ available. I don’t have any cash available and the next time I will be able to proceed with another 1 000$ deposit on my margin will be in the middle of July, just before leaving for my vacations. I am just hoping for a more or less stable market situation until the beginning of August, if it’s not too much to ask.

No opportunities of selling HZD at profit had presented itself. It’s a good thing in a way, because it’s not anytime soon I will be gambling my money over day trading. Never again. Overall, the portfolio is doing well. I had received a good dividend payment today of 40.77$ coming from Exchange Income Corporation (EIF). My fantastic Just Energy Group Inc. (JE) closed today session at less than 14$ per stock. Usually, JE is always exceeding the 14$ per stock. Seeing it under is just adding pressure. Pressure of adding more diversification in. I am not looking to sell what I currently hold of JE in any way, just a notification of a market volatility hitting the hard way. I don’t like to have EnCana Corporation (ECA) under the 30$ mark. All the good gain had disappeared by magic, just over the deception of a deal that never go through with PetroChina.

Some stocks of mine are being treated roughly on the market, but some other are doing extremely well: WesternOne Equity Income Fund (WEQ.UN), DNI Metals Inc. (DNI) and Student Transportation (STB) just to name a few. Colabor Group Inc. (GCL) is going back on track. GCL may be able to reach its old 12$ per stock once the market will be more stable. New Flyer Industries Inc. (NFI.UN) is going through some real challenge.

NFI.UN slowly prepared its transformation into a corporation. From my understanding, the dividend distribution should remain the same. NFI.UN is quite difficult to hold, but I am confident in the company. I am in to stay. Selling now and declaring a capital loss is not something I am into when it come to New Flyer Industries Inc. (NFI.UN). On June 21, NFI.UN announced they had been selected to supply 27 transit buses for the City of Sorel (province Quebec). Previously on June 16, New Flyer Industries Inc. (NFI.UN) signed a three year agreement with Metrolinx in order to produce 287 diesel transit buses. This contract has a value of $114 million! Quite good, knowing the economic situation of this time. So I think New Flyer Industries Inc. will be a winner on the long run. No need to sell and report a capital loss on this one.

The London Stock Exchange Group had come with this brand new idea: pay current TMX Group Inc. (X) shareholders a special dividend of 4$ per stock once the merger of equals deal closed and completed. I could barely believe it when I read the good news yesterday, I was in heaven. I invested in some stocks of TMX Group Inc. (X) at 41.97$ several months back, when the merger of equals project became public. That was on February 10, 2011. This was a very great move of mine. Back in February 2011, the announcement of the merger of equals totally captivated me. An investment in X was not needed, it was a necessity. And here I am today, having the chance to speak my mind of the merger of equals. Not only that, but I am going to cash big on this!

I made the decision to vote in favor of Xavier Rolet merger of equals project because from my perspective, the Maple Group proposal is a complete nonsense. Banks and pension funds cannot take care of the Toronto Stock Exchange PERIOD. The TMX Group Inc. (X) made the decision to sell its business, this decision had been taken by a group of specialist and if Tom Kloet, CEO, TMX Group made the decision to team up with the London Stock Exchange Group and Xavier Rolet, well, I won’t go against his will. A failure in the deal of the merger of equals could cost the TMX Group million of dollars. If the majority of X shareholders vote against the merger of equals, TMX will have to pay to the London Stock Exchange Group 10 million of dollars. And reverse is also true. If shareholders of the London Exchange vote against the merger of equals, London will have to pay TMX 10 million of dollars. If TMX is being hit behind by Canadian authorities, the Group will have to pay not 10 but 39 million to Xavier Rolet.

You can be sure that both Tom Kloet and Xavier Rolet know what they want and to establish such deal, they might be almost 100% sure that it will go through. The merger of equals is truly fascinating and the monster is going to bring a great deal of cash to me, shareholder of TMX Group Inc. (X). Following the merger of equals, London will become the center of the world. I hope UK people worth it. Canadians are giving themselves away. It’s all business, yes, but it’s also about building a stronger financial future for the UK and Canada. And I believe in such project. The Maple Group is a trap. Bankers of the Maple Group are being paid millions of dollars and they are part of a Canadian highly corruptible making million on the back of the middle class. But the middle class is smarter than them, and will vote, I hope, in favor of the merger of equals. Middle class and richer, for the merger of equals, there’s absolutely no other alternative and think about the cash, the stronger financial future and keep in mind, dear investors, the 4$ special dividend. Remember: life is all about money. Remember that. Time to show it all. It’s now show time for the TMX Group. Enjoy the show because I am quite enjoying it. ;)

Wednesday, June 22, 2011

I am now at 158 528.64$

I just complete the update of my investment portfolio & debt situation. My non-registered portfolio is at a good 112 027.56$. At 39 412.90$, my RRSP is close to the 40k. I am happy with the overall 158 528.64$ in asset. I have some projects (again!) for my non-registered portfolio. I would like to reduce by half my investment hold in Sprott Inc. (SII) and Data Group Income Fund (DGI.UN) as I find the amount invested in those 2 as being too high. However, I feel comfortable having more than 10k invested in Pembina Pipeline Corporation (PPL) and close to 10k in Just Energy Group Inc. (JE).

As discussed previously million of times, I would like to sell at profit my holding of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD).

I would also like to sell some stocks of Exchange Income Corporation (EIF). I am not exactly comfortable with the amount of money invested in EIF. Same thing for Premium Brands Holdings Corporation (PBH). I would like to sell 100 stocks of it as the holding is too important at this time. I would like to see the amount decrease of 2 000$ for those 2.

Also for the future, I would like to sell at profit First Majestic Silver Corp (FR).

Still a lot of trading ahead, but it’s just to come with a better portfolio, diversified and minimize the investment risk. The goal is to build a portfolio I can rely in case of another market correction. I want to be able to skip one day or 2 of market monitoring and I want to be able to go to vacation without having to fear for my portfolio. Not that I fear now, but there’s still stuff I am currently working on. And there will be no more day trading.

EnCana Corporation (ECA) deal with PetroChina did not work out and it’s seem like investors did not appreciate it, because ECA closed the day at less than 30$. This does not bother me as I originally made my investment in EnCana Corporation (ECA) using my own cash and not margin account money. I see my holding in ECA for the long run. Despite ECA falling down to 30$, ECA is still a strong asset bringing in stability to my portfolio.

I previously have sold some stocks of Corby Distilleries Limited (CDL.A) and reinvested the money in Atlantic Power Corp (ATP). I am happy I proceed to this transaction because CDL.A had fall below 16$ per stock for an unknown reason. Atlantic Power Corp (ATP) is now exceeding the 15$ per stock, which is really good.

At this point, I feel important to proceed with some adjustment in order to diversify the portfolio and also protect it from crushing down in case of a correction. I was quite amazed to see that despite the market condition, I am not that far behind the 160k, which I find very good at this point.

I did not forget to comment more FR and my vote for the merger of equals. I am going to do that tomorrow. I need to get my beauty sleep for now. Because don't forget, I am the Dividend Girl AND the Beauty Queen Next Door. :00)

My investment portfolio on date of June 21, 2011

Savings:
290$

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 7 924.80$
Timminco (TIM): 72$
Blue Note Mining (BNT): 32$
Bank of Nova Scotia (BNS): 6 204.93$
Hanwei Energy Services (HE): 64.50$
Methanex Corporation (MX): 2 987$
Fortis (FTS): 3 425.07$
Pembina Pipeline Corporation (PPL):
10 853.50$
Just Energy Group Inc. (JE): 9 248.25$
Pengrowth Energy Corporation (PGF): 2 614.86$
Enbridge Income Fund Holdings Inc. (ENF): 6 012.50$
Corby Distilleries Limited (CDL.A): 1 605.77$
Davis + Henderson Corporation (DH):
4 045.32$
Premium Brands Holdings Corporation (PBH):
6 776.95$
EnCana Corporation (ECA): 5 870.12$
iShares S&P/TSX Capped REIT Index (XRE): 2 299.22$
Horizons Gold Yield Fund (HGY.UN): 1 910$
Canfor Pulp Products Inc. (CFX): 1 815.60$
New Flyer Industries Inc. (NFI.UN): 1 561.48$
Capital Power Income L.P. (CPA.UN): 1 935$
Exchange Income Corporation (EIF): 6 625.88$
Rogers Sugar Inc. (RSI): 1 632.48$
Student Transportation (STB): 1 270.78$
Colabor Group Inc. (GCL): 2 009.40$
TMX Group Inc. (X): 4 423.80$
Data Group Income Fund (DGI.UN): 3 497.35$
K-Bro Linen Inc. (KBL): 2 150$
Westshore Terminals Invest Corp (WTE.UN): 4 918$
WesternOne Equity Income Fund (WEQ.UN): 2 432$
Atlantic Power Corp (ATP): 1 510$
Horizons BetaPro COMEX Silver Bear Plus ETF (HZD): 2 508$
First Majestic Silver Corp (FR): 1 791$

TOTAL: 112 027.56$

Stocks and Units investment portfolio US$:
Sprott Physical Silver Trust ET (PSLV): 2 555.96$
US cash: 4.12$

TOTAL: 2 527.11$ US

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): 22.62$
Dumont Nickel Inc. (DNI): 761.88$
Sprott Physical Silver Trust UTS (PHS.U): 3 325.20$
Cash: 2.44$

TOTAL: 4 112.14$

RSP investment portfolio:
Sprott Canadian Equity Fund: 6 642.89$
Claymore Gold Bullion ETF (CGL): 4 715.10$
EnCana Corporation (ECA): 2 906$
Emera Incorporated (EMA): 6 615$
Sprott Physical Silver Trust UTS (PHS.U): 1 108.40$
Cash: 72.24$

CIBC Dividend Growth Fund: 564.19$
CIBC Emerging Markets Index Fund: 393.18$
CIBC Monthly Income Fund: 1 021.68$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 251.85$
GIC Plus TD: 500$

Maritime Life International Equity Fund
(Templeton): 652.66$
Manulife Simplicity Growth Portfolio: 898.59$
Maritime Life CI Harbour Seg Fund: 1 061.83$
Maritime Life Fidelity True North Seg Fund: 1 027.10$

Manulife GIF MLIA B World Invest: 657.26$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 558.61$
RBC U.S. Mid-Cap Equity Fund C$: 2 008.92$
RBC Global Resources Fund: 1 128.49$
RBC O'Shaughnessy International Equity Fund: 663.86$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 185.14$
RBC Global Precious Metals Fund: 939.67$

TOTAL: 39 412.90$

Social Capital at Desjardins Membership share
for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(118.93$):
158 528.64$

My debt situation on date of June 21, 2011

9 102.21$ at a low interest rate of 4.75% (RRSP credit line rates) = 432.35$ in annual interest

4 800$ at a low interest rate of 4% (credit line rates) = 192$ in annual interest

7 831.19$ on a TD Canada Trust credit card at a low interest rate of 4.9% (result of a credit card balance transfer) = 383.73$ in annual interest

7 517.38$ at low interest rate loan at 5.50% (student loan) = 413.46$ in annual interest

5 000$ at 8.75% (credit line) = 437.50$ in annual interest PAID OFF

10 000$ at 7.52% (credit line rates) = 752$ in annual interest

39 809.44$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
1 691.90$ in annual interest

TOTAL: 79 060.22$

TOTAL in annual interest: 3 865.44$
[In date of June 21, 2011]

Tuesday, June 21, 2011

The TSX is now exceeding the 13 000 points, but for how long?

For today, the TSX is exceeding the 13k+ points. But the question being: will it last? The stock market had stressed me more than usual. It’s not something that I cannot handle, but my margin account situation had preoccupied me. But I am now back on track. It’s really important for me not to fall behind the 20k on margin account money. And now I am even exceeding the 21k, which is better.

Here’s yesterday data for Monday June 20th, 2011:

Portion of the margin account that been used: 39 809.44$
Non-registered portfolio value: 110 290$
Money left available of the margin account: 21 262.80$

Currently, my non-registered investment portfolio is at 111 828$, a gain of 1 538$ compare to yesterday. As I said one time before, my portfolio follows the Toronto stock market. When the market is up, I am up too, when the market crash, I crash too...

Many things on the way. I learn from a reader that Atlantic Power Corp (ATP) is looking forward to acquire another of my holding, Capital Power Income L.P. (CPA.UN). Interesting! Also, read this post forum about Dumont Nickel Inc. (DNI), you’ll see, it’s pretty interesting too. First Majestic Silver Corp (FR) is on its way to become a blockbuster stock, we are going to chat about it later. And also, I am soon going to vote in favor of the London Stock Exchange Group merger of equals. It’s going to be an historical vote and guess what, I will be part of it! YEAH! We’ll also discuss about the reasons why I am in favor of the merger of equal project also later. Many stuff on the way. Be ready, because I am :0)

Saturday, June 18, 2011

More high quality stocks for more high dividend yield companies

Today’s data are much better than yesterday, following my deposit of not 1 000$, but 1 080$ on my margin account (I really gave all I could)!

Portion of the margin account that been used: 39 593.49$
Non-registered portfolio value: 109 671$
Money left available of the margin account: 21 167.70$

The portion available of my margin account is now exceeding the 21 000$. This is much better. And it will be even better once I will be selling my units of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). After proceeding with the 1 080$ deposit on my margin account, part of me really wanted to invest in something.

The year 2011 began in a real strange way. I focus almost exclusively on my dividend earning. Things were doing great, especially after finishing the year 2010 with a dividend income of 4 112.42$. I could easily double that amount. After the 8 000$ in dividend earning, the 15 000$ was just around the corner. Even while being here in Montreal, I can comfortably live on a monthly income of 1 300$. Hitting the 4k+ in dividend income was quite a breakthrough and following what, I only wanted to see that amount double, if not triple in a matter of a few weeks.

My hunger of dividend makes me proceed with different strategies. There’s been the silver strategy for a little while. Back in the time, I sell my Bell Aliant investment to buy some more units of Sprott Physical Silver Trust UTS (PHS.U). I was in heaven, until the silver crash of early May 2011. I also made different investments in Superior Plus Corp (SPB), New Flyer Industries Inc. (NFI.UN), Colabor Group Inc. (GCL), etc. I sell the first one (SPB) because it wasn’t matching too well my investment style. I can handle the market volatility, but when a title, all by itself, turn things up side down, I preferred to sell Superior Plus Corp (SPB) and I do not regret my decision. So far for 2011, my only wrong move, other than decided to day trade, was in Superior Plus Corp (SPB). Superior Plus Corp (SPB) may be a better match for more sophisticate investor.

As for NFI.UN and GCL, both are great despite being a bit more volatile than my other holdings (like PPL, ENF, PGF, ECA, JE etc...) and I plan to keep them in my portfolio. As for Sprott Physical Silver Trust UTS (PHS.U), it will gain again in value, but I have to say, the silver crash arrived like a big punch in my face. I never saw it coming. I had been holding PHS.U since late 2010, and since that time, I trade PHS.U numerous times. Until May 2011, PHS.U price value was remaining stable and then, there’s been the May 2011 silver crash. The current situation is not even better but at least PHS.U is exceeding the 15$ per unit.

I like to invest more than anything else and after proceeding with the 1 080$ deposit, I felt to invest in something! I came across Second Cup Ltd (SCU). I am a Second Cup fan and I visit their coffee shop every week days to by my now very famous medium coffee, veloute, please. Second Cup Ltd (SCU) trades at 6.60$. I have a feeling the stock price can go lower than that, so that’s a big part of the reason I didn’t invest in today. But it’s a stock I like to watch from time to time. At 8.89%, Second Cup Ltd (SCU) dividend yield is quite interesting. Good stock to buy, but 6.60$ is a bit high.

I just recently came with this new strategy, to mix high dividend payer with high quality stock. Eventually, I would like to incorporate more of high quality stock inside my portfolio. Here are some high quality stocks that I have thought of: Potash Corporation of Saskatchewan Inc. (POT), Canadian National Railway Company (CNR), TransCanada Corporation (TRP), Enbridge Inc. (ENB) and, once recently that had been review by SP Brunner, Canadian Tire Corporation, Limited (CTC.A). The trick would be to invest about 2 000$ in each of those companies to help create more of a stability value in my portfolio. Following what, I could bring more of those fantastic high dividend payers in without too much fear in front of a very volatile sensible market. That’s the plan. And the plan required a 10 000$.

POT, CNR, TRP and CTC.A, despite being among the high quality stocks, are not among the best dividend payer companies:

Potash Corporation of Saskatchewan Inc. (POT): dividend yield of 0.543%
Canadian National Railway Company (CNR): dividend yield of 1.771%
Canadian Tire Corporation, Limited (CTC.A): dividend yield of 1.773%
TransCanada Corporation (TRP): dividend yield of 4.071%

I don’t know if I am mistaking, but I think I read somewhere that Enbridge Inc. (ENB) dividend yield, following its recent split, is now of more than 6%. It does make sense, knowing that the yield was of 3.239% before the stock split. At more than 5%, a dividend yield became to be interesting. So with ENB, I will benefit of both worlds: high dividend payer and high quality stock.

At the end, the ultimate goal is to build a strong portfolio that will remain strong in front of market correction or, even worst, a stock crash. I had been able to build that so far, but I need to extend the effort to another level to result into a portfolio strong like rock. Pretty good plan isn’t? :0) Actually, that’s much much better than day trading that’s for sure. It’s all about knowing what you want. Want some fresh dividend cash? Go get it.

Friday, June 17, 2011

Attention margin investor: TD Waterhouse had reviewed its margin lending values

The TSX closed today session at 12 853.13 points, -118.90 points. On my way to work, I call TD Waterhouse. I wanted to find out if they were able to see in real time the money left on the margin account. Unfortunately, that information is not available in real time, even from their end. It’s a data that update itself once every day in the evening, usually pass 9pm from what I had been able to observe so far. Not that was that stressed, but I was curious to find out. I don’t want to fall below 20 000$. And guess what, I closed today session at 20 001.88$...

Here’s today data:

Portion of the margin account that been used: 40 677.24$
Non-registered portfolio value: 109 615$
Money left available of the margin account: 20 001.88$

For me, the 20 000$ is something quite strategic, in the sense that if the money fail below the 20k, I feel danger.

Just like it was planned, I will be able to make a 1 000$ deposit on my margin account tomorrow morning. This will help to increase my margin value. I won’t be able to make any other deposit coming from my own money for the month of June. And for the month of July, it could be more difficult, since I will be away for 2 weeks. I would like to be able to sell HZD before I leave, to keep peace of mind. We’ll see what happen.

I went through the reading of an interesting note. On June 16, 2011, TD Waterhouse has review its margin lending values. A PDF document had been produced, in which the chances appear. Some of my current holdings appear in the list of securities whose lending values have changed.

Here they are:

Rogers Sugar Inc. (RSI): 50%
Sprott Inc. (SII): 50%
Methanex Corporation (MX): 50%
Canfor Pulp Products Inc. (CFX): 50%
First Majestic Silver Corp (FR): 50%
WesternOne Equity Income Fund (WEQ.UN): 25%
Corby Distilleries Limited (CDL.A): 25%
K-Bro Linen Inc. (KBL): 25%
Data Group Income Fund (DGI.UN): 25%
Exchange Income Corporation (EIF): 25%
Horizons Gold Yield Fund (HGY.UN): 25%
Premium Brands Holdings Corporation (PBH): 25%

It’s been a good surprised to see Rogers Sugar Inc. (RSI), Sprott Inc. (SII), Methanex Corporation (MX), Canfor Pulp Products Inc. (CFX) and First Majestic Silver Corp (FR) at 50%. For my understanding, that means that TD Waterhouse will bring in to the margin value half of any investments hold in RSI, SII, MX and CFX. I am surprise to see RSI and SII at 50%. Not because that they are not good investment, but because I had been holding them for quite some time, I know how much RSI and SII can be volatile. However, it’s good news because I massively hold SII in my portfolio right now. All the rest of the list is at 25%, with WesternOne Equity Income Fund (WEQ.UN), Corby Distilleries Limited (CDL.A), K-Bro Linen Inc. (KBL), Data Group Income Fund (DGI.UN), Exchange Income Corporation (EIF), Horizons Gold Yield Fund (HGY.UN) and Premium Brands Holdings Corporation (PBH) included in the listing.

Interesting, but this new listing show the difficulty of margin. This meaning that at any time, TD Waterhouse can modify the percentage giving to each company eligible for margin investment. That would be actually another con of margin investment. I knew a certain percentage was giving by TD, but seeing some changes being applied in the middle of a stock market crash is quite scary. But I am confident I will be able to go through this without too much trouble. The trouble change on a daily basis depending of the stock market directions. Selling HZD will brought in something like 4 000$ in cash and trust me, once the sell completed, the money will stay and remain on the margin account. At least for a little while.

Thursday, June 16, 2011

Horizons BetaPro COMEX Silver Bear Plus ETF (HZD), it’s now your turn

Currently, I am doing a big fixation on my non-registered portfolio and you may find it repetitive or extremely boring, but a girl needs to do what she needs to do. Meaning I need to monitor closely my non-registered portfolio because of my margin account and of course, I didn’t find better to do than just to blog about it!

At this time, my portfolio is at 110 641.41$, up of 185.41$ compare to yesterday. This is not significant gain, but it’s a good record knowing that the TSX darling is at 12 960.62 points, a loss of 11.41 points. Not too bad. I am still in control of my margin account at this time and I was very happy to sell Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) yesterday. Now, the next big thing is the selling of Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). I wrote a lot about Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) lately, but it’s because those 2 investments had drained me. I had used margin account money for day trading purposes. What an awful decision. Everything went fine in a relatively good Toronto stock market condition, but currently, with what’s going on in Greece, the market is extremely sensible and my margin account could suffered if I am not careful.

I didn’t have that much trouble monitoring my portfolio when the catastrophe hit Japan. Since the economy was already week in Greece, I think the market respond to that is exaggerate. When the tsunami hit Japan and provoke a nuclear disaster, the TSX did not plunge like that. And Japan is the third economic country of Earth, from what I understood. So to me, this is not making any sense. While Japan was facing the disaster, the TSX did not crash, but it’s crashing now because of Greece, Greece who never had been an economic powerful country. So because of that, I think the TSX will recover quickly. Remember: the stock market has a short term memory.

All this is strictly in term of business. However, I feel sadness for what’s going on in Greece and I just hope for an economic release. I read quite a bit on the topic and what seem to be the best solution will be for Greece to go back to their old currency and declared bankruptcy. From my understanding, it’s the only way for Greece to reconstruct themselves. A lower currency value could volume tourists and maybe exportation. Another problem being that Greece does not do enough of exportation. Anyhow, all this being interesting, but personally at this time, my only concern is to make a 1 000$ payment on my margin account by tomorrow morning, sell Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) and keep my margin account in control. I may able to do that. The most difficult part is Horizons BetaPro COMEX Silver Bear Plus ETF (HZD).

And in case you wonder, yes, Xavier Rolet is still among my financial guru and I still plan to vote in favor of the merger of equals. We will discuss in a later post the merger of equals and the reasons why I am now planning to vote YES.

Playing it safe on the broker margin account

Following my sell of HOD, my data look better now:

Portfolio value: 110 456$
Margin account money still available: 20 528.48$

Much much better. As long I still have left more than 20k available on the margin account, I am safe. Also, by the end of the week, I will have a 1 000$ available in cash to deposit on the margin account. I will be able to proceed with this deposit on Friday. And once the Toronto stock market will become more “normal”, I will take 2 000$ from my margin account and apply the money on my 10 000$ credit line. It won’t hurt.

Ok, so just 2 more days to go before finishing this crazy stock market week.

Wednesday, June 15, 2011

Atlantic Power Corp (ATP): a blockbuster stock

While the TMX is going through another correction (currently, the TMX is at 12 951.09 points, -146.72), a couple of my stocks are doing well. One of those holding doing better than the TMX itself is Atlantic Power Corp (ATP). But no surprise.

Ken Hartwick, who’s the President and Chief Executive Office of the super fantastic Just Energy Group Inc. (JE) is also from the Board of Directors of Atlantic Power Corp (ATP). There you go. You now know why Atlantic Power Corp (ATP) is performing so well.

I had been a long time investor of Just Energy Group Inc. (JE). If Rebecca MacDonald herself had brought in Ken Hartwick in the company she found years ago, you can be sure the man is good.

I find out about Ken Hartwick affiliation to another of my stock, Atlantic Power Corp (ATP), while reading the latest documentation in the voting package for Just Energy Group Inc. (JE). And of course, I vote in favor of Rebecca MacDonald, Ken Hartwick and all the other folks.

Just Energy Group Inc. (JE) is among my top holding. JE is rocking the place, as well as Atlantic Power Corp (ATP).

Atlantic Power Corp (ATP) currently trade at 15.14$, offer a dividend yield of 7.26% for 1.09$ in yearly dividend distribution.

Enjoy!

I did it, I sell my units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) at 6.85$!

Ok, so this is quite exciting! I had a lot of things to do today and I wanted to write about my discomfort and my frustration about Jean Charest joining the Maple Group. Really frustrated. So early this morning I wash dishes, clean up, took a shower and run to the Jean-Paul Gaultier at La Baie. I swear, I was there at 2:04pm and Gauthier was gone! WOW. Anyhow, that’s ok. If you would tell me that Jean-François Tardif was going to be at Montreal La Baie between 12 and 2pm, I would have made sure to be there. But see, my interest in fashion and gay man is very little.... LOL!

BUT... I SAW RICK GENEST! He was in a rush, but I had time to see him snack a pic with a girl, and then he picked a box, I scream Rick! Rick! but he had the box in his hands and I think that our Rico had to leave in a rush... FUN! I am about 5’8 and Rick is a bit shorter than me. Maybe 5’6-5’7. And his tattoos are REAL.

This event was very fashion. At 2:04pm... Everyone gone! CRAZY....

But I have one of those good news! May God bless Rick Genest because while I was at the event, my sell of HOD went through! I had set myself a sell order at 6.85$ and the sell went through!!! I officially sell my 100 units of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) at 6.85$! WOW! The only thing that remain now that I want to get rid of are my units of HZD. For a little while, I taught I will have been stuck with HOD forever.

WOW! I am so happy right now!

I hope Xavier Rolet has as much fun as me today in Montreal.

Celebrating a first 3 000$ in dividend income for 2011

Here I am, now exceeding 3 000$ in dividend income for 2011! I am currently at 3 140.95$.

I received some interesting dividend today:

Data Group Income Fund (DGI.UN): 33.27$
K-Bro Linen Inc. (KBL): 9.16$
New Flyer Industries Inc. (NFI.UN): 6.72$
Pembina Pipeline Corporation (PPL): 57.33$
Corby Distilleries Limited (CDL.A): 14.42$
Westshore Terminals Invest Corp (WTE.UN): 19$

I should received shortly another dividend distribution for New Flyer Industries Inc. (NFI.UN) really soon. Increasing my dividend income is what I had been into for the period of January to May 2011. Until May 2011, I had extended my investment portfolio using a mix of my own financial resources and money that was available on my margin account, among other. The adventure had been fun until recently.

Now that the Toronto stock market had faced some serious corrections, it’s adding stress to the whole thing and I saw the value of my margin account decrease. This situation adds extra stress on my shoulders, a stress that I could easily go without. It’s not something that keeps me awake at night, but it’s something I need to monitor on a daily basis.

I have the chance to have this very over diversified non-registered portfolio. The portfolio is not perfect, but it’s been strong enough to survive recent correction. I previously used the term “crash”. True it’s more a correction than a crash but in my delicate mind, I was in front of a crash and a major one. It’s been difficult to see the darling TSX hitting below the 13 000 points. This week had been quite chaotic.

The TSX is reacting really badly to the debt situation in Europe. Europe never been very good financially, so why is it something what matter now? Greece had problem for years, it’s just this year that we are getting hit by the monster, feeling the result of incapacity in term of management.

However, all this results in some positive stuff for me.

First of all: no more day trading. My first couple day tradings shot had been successful. But remember that I am currently stock with HOD and HZD that I am now desperately waiting to sell at profit... Despite the TSX droping in points, it wasn’t enough for me to be able to sell HOD and HZD at profit. After selling those 2, there will be no more day trading, at least not the way I had initially experience it.

Problem being that I am working at a night shift and that is giving a lot of time in my hand, so I started day trading. It’s something I wanted to try. I try it, made a couple of hundred dollars. Fun. But a turnover can happen very quickly, even on the Canadian exchange and that’s how I had remained with HOD and HZD without having the capability to sell at profit. I am still holding HOD and HZD on date of today. Whenever a new trading day begin, I am always hoping that it will be on this day that I will be able to sell HOD and HZD. Day trading had handicapped my life, in such way. It’s not everyday that I feel good about spending the day in front of my laptop. There’s no way I can possibly take a break from it until I can achieve the selling of HOD and HZD. Day trading involved a lot of stuff I was not necessarily aware of and like I wrote to a reader, I am happy to have lived this while being 30. I will look smarter and sexier when I will be 31, I guess.

Second of all: never invest too much on margin account money ever again. So far, I had that big thing as portfolio. Very good portfolio that work well for me, but gees, at only 20 000$ more or less available in margin account money, this is making the whole thing a bit more crispier than I would like. Once my sell order of HOD and HZD will be perform, I will be more careful when it come to investing using margin money. I will make sure to have much more than 20 000$ available on the margin account.

Third of all: the importance of an emergency fund. As my family members are getting older in New Brunswick, the difficult it is. I never had to live some difficult situation before too much. But in February 2011, my uncle deceased of Parkinson diseased and it started a whole bunch of problems. I was able to spend 2 weeks in New Brunswick when it happens, I got my vacation pay. Also, my mom had spent some time with me in Montreal a couple of times and each time I took off from work. Whenever she wants to come now I never refused her, knowing the pain that left the death of her brother.

From 2007 until now, I had been living paycheck to paycheck, packing up my investment portfolio with my savings, credit line and other. Nice. But that’s not of any good to cover me in case of an emergency situation. I need to leave more money on my credit lines or leave money in my banking account so I can be safe in case something else happen. Also, when my mom when to come and visit, I need to be able to take off. This is not something that happens on a regular basis, but I need money to cover when I don’t work.

That’s what my life is about to be for now.

It’s not looking good for HOD and HZD. The market is about to recover from the previous corrections, it seem. Day trading had brought in a couple of hundreds of dollars, some learning stuff and the discovery of First Majestic Silver Corp (FR). I may be able to generate a good profit from First Majestic Silver Corp (FR) in a close future.

Xavier Rolet, it’s now your turn of glory, please show it all to those poor Quebeckers, you are going to win the merger of equals, I am voting for you, I love you now

Sweet... I made of Xavier Rolet my newest financial guru. It's something he should be very proud of. My gurus, I write about them, I defend them, protect them and I love them. :0)

Tomorrow – or should I say today – is going to be a busy day for Xavier Rolet. Today, among with his colleague Thomas A. Kloet of the Toronto Stock Exchange, Xavier Rolet, CEO of the London Stock Exchange, is going to defend his merger of equals project in front of the Chambre de commerce du Montréal métropolitain. Please, Xavier Rolet SHOW IT ALL and win your merger of equals. GO FOR IT.

Funny thing in the story is that Montreal believes it should take an active part in the merger of equals. TMX Group Inc. (X) has activities in Montreal. Montreal office only takes care of derivative products, the kind of stuff that the real players don’t give a damn about and that are not really important when we talk about the Toronto Stock Exchange. Here in Montreal, incompetent Quebeckers fear for their jobs. Fact is, Montreal believe and think of itself as being an important financial center in Canada. What a joke!

Premier Jean Charest is now supporting the Maple Group Acquisition Corp. The reason behind his support? Preserve jobs. It’s not about keeping the stock exchange in Canadian hands. The Quebec pig that is Jean Charest supported the Maple Group for his own little interests. To preserved the job of other Quebec pigs. The hypocrite!

I went through many experiences in Montreal and I can assure you to all Canadians who are reading this post right now that Montreal is not a serious financial centre in Canada. Among the way, while building my investment portfolio, I met different people working in the banking services, all here in Montreal and I went through hell. I had been fired from BMO Bank of Montreal, Montreal call centre and my laid off was very unfair. I was still under my learning process; I had been fired within the matter of a few weeks. I had everything required, it’s just following a credit check and after opening a broker account with BMO InvestorLine, I was just too much for them. I wrote about that experience many times in the past, you can search BMO Bank of Montreal in the search engine.

Also, remember Henri-Paul Rousseau, ex CEO of the Caisse de dépôt et placement du Québec. While being CEO, Rousseau had been responsible for the lost of millions of dollars. He never has to spend time in prison for what he did. Why? Because Quebec is a society that accept cheating and lies. See Brian Mulroney who accepted more than 300k in payment for promoting Airbus while he was still the Prime Minister of this country. Who is Brian Mulroney? A F Quebeckers. Brian Mulroney should be in prison but he’s not. Why? Because Quebec society accept the fact that some people responsible for the well being of other can cheat, make money like PIGS, but don’t worry, here in Quebec, the society accept that.

Never forget: Quebeckers are cheaters and Quebec society reflects the people of its very own nation.

Never deal with Quebec, never trust them. You really need to read the different experiences I went through, here in Quebec province, with different financial planners and so on to understand all this. In other words: you need to read this blog to assure your very own financial success! Stay away from Quebec province!

Never forget who Quebeckers are: the enemies of the Canadian nation. The merger of equals? I am voting for it, now more than ever. Go and do your thing Xavier Rolet. Save the Canadian stock exchange from Quebec mediocrity. BACK OFF QUEBECKERS. Let Canada be at its best, for once.

Tuesday, June 14, 2011

The Canadian exchange is the best: back on track following positive data for China, welcome back, 13 000+ points!

I really taught that the TXS was going to lose another one hundred points if not more today and that I was going to sell at profit HOD and HZD... But none of those things have happen yet today! And its way better this way. It’s very awful to be in front on of a situation that is out of control, seeing another correction live in front of my laptop is something pretty awful to see. When I saw that the TSX was gaining points today, I went back to bed and I just wake up now. I was totally exhausted. Staying in control in front of a TSX losing more than points what I ever wanted, well, that was quite a burn out. I should know how to handle those kinds of situation better but also, remember that I am not from the stop working club. I work at 2 jobs ok?

Following the TSX, trying to sell at profit HOD and HZD well, it’s not exactly easy to handle. Especially knowing that today was supposed to be the day. Well, I had read a French chronic of Richard Dufour in La Presse Affaires and according to that, the situation seem to be quite alarmist. But in all this, I guess investors focus more on China and for Greek well, I told you that yesterday, always remember: the stock market has a short memory. The catastrophic situation of Greek is no longer in investor mind, until next time it will be mention by an analyst. Until that time, we’ll be safe. That’s how it seems to be working.

So far, my non-registered portfolio is at 112 529.13$, a gain of 1 687.13$ compare to yesterday. I rock the stock market baby! This is good, because it will probably bring up the part of my margin that is not use back to 20 000$... OUF! My portfolio is strong but it will never beat the index. If the TSX crash, I crash too, not to say I will get kill lol. In a way, a stock market in deep correction is a good test for the nerves. Never sell in time of desperation. The stock market is there to remain despite the situation in Japan and Greek. Those were good things to go through at an early stage of my investment life. A good test for the nerves yes, but my nerves are exhausted.

The stock market is just like God: just like God, the stock market will never let you down. At least not for long. lol... No one can beat God, no one can beat the stock market. Except for this one, Jean-François Tardif. And guess what, I have the exclusivity on the man. Google “Jean-François Tardif” and you may see something quite familiar on the first page results (the 5th result). :0) What will you see? ME. lol... Isn’t funny?

Always remember who you are: a small investor willing to make money on the merger of equals. And the market will never let you down. At least not for very long..

Sunny day in Montreal going out and leaving the stock market behind. Now you know that I know that I rock :))))))

Xavier Rolet as new CEO of the Toronto Stock Exchange?

On date of June 13, 2011, here are the latest data:

Non-registered portfolio value: 110 842$
Money still available on margin: 19 425.13$
Margin account in use: 41 398.61$

The money left on the margin is less than 20 000$... The situation is getting more difficult. But I always have that 5 000$ available on my credit line that I can transfer at anytime of my margin account...

In order to decrease my margin account usage, I am looking forward to sell at profit HOD and HZD tomorrow if everything goes well. I get through the reading of an interesting article of the Globe and Mail regarding the situation for the TMX Group Inc. (X), merger of equals etc. An analyst of the name of Jeff Fenwick that I never heard of before advice investors of X to get out of the “poker game” and sell any holding of TMX Group Inc. (X). As you know, I had invested a couple of thousands of dollars in X and I am currently under profit and I am looking for more.

Unfortunately for him, what the analyst Jeff Fenwick doesn’t seem to understand is that this poker game will provide a lot of cash to the TMX Group Inc. (X) investors. And money is what it’s all about.

I am currently reading a lot about the TMX Group Inc. (X) merger of equals project and I have to say, this is not a decision that shareholders should be carrying on their shoulders. There’s way too much involve and high financial specialist should get involved. Like Eric Sprott for example and Jean-François Tardif. What both of them think of the merger of equals: a good or bad thing? First of all, I would like to understand why the TMX Group Inc. (X) wants to sell its business. Because that part, I didn’t get it. But it’s all about money right and the London Exchange Group is willing to pay 48$ per stock while currently, X closed today at less than 45$... So yes, there’s a lot of money involved in the deal.

The Maple does not appear as being a good decision. The exchange need to remain in a neutral territory and with Maple, the Canadian exchange will be hold by banks, insurance companies, not to forget the infamous Caisse de dépôt et placement du Québec and Desjardins Group. Do we really want the Canadian exchange to be partly hold by Quebec authorities? My answer is no. So at this time, I am strongly thinking about saying yes to Xavier Rolet and his France, saying yes to European crap. Because European crap is better than Quebec ones. But I didn’t take my final decision yet.

Monday, June 13, 2011

The TSX hit below the 13 000 points today June 13, 2011

Today, the TSX crash again. This is a very unfortunate event. But there’s just one thing I will like to come with: the stock market had a short term memory. I had read one of those very good articles from the Globe and Mail online, but I lost track of it. It was written by a professor of Windsor or something like it. And he was saying that the best thing for Greece will be to call for bankruptcy, that selling the state asset wouldn’t be enough. Also, the same professor was saying that the stock market has a short memory for such even. Fact is, Greece has never been an economic player. It has never been. It could seem unfair to say such thing, but I am just reporting what I had been able to catch from the article. So according to him, we are currently in the low of the lowest level, but the stock market will rebound. That’s good news isn’t? I particularly appreciate the “stock market has a short memory”. This is a precious finding that investor should aware of.

Remember: the stock market has a short memory

I experience the stock market short term memory in 2008, in the sense that my asset hit low, and than rebound. And I will probably experience the same thing now, in the sense that my asset will gain in value again in a close future. A stock market crash is never an enjoyable experience. For now, I hold, I am not selling anything. I am safe for now on my margin account, no asset had been sell without my authorization and I did not received a margin call from my “friends” at TD Waterhouse.

I am happy to say, my non-registered portfolio is as strong as I am! Currently, despite the TSX crash, some assets are performing well. My non-registered portfolio is currently at 111 511.24$. Here are my holdings who are performing well:

TMX Group Inc. (X): 44.26$, +1.05%
Dumont Nickel Inc. (DNI): 0.28$, +3.70%
Atlantic Power Corp (ATP): 15.01$, +1.49%
Rogers Sugar Inc. (RSI): 5.31$, +0.19%
Corby Distilleries Limited (CDL.A): 16.13$, +0.19%
Fortis (FTS): 31.72$, +0.22%
K-Bro Linen Inc. (KBL): 20.26$, +0.65%
Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD): 6.55$, +3.64%
Horizons BetaPro COMEX Silver Bear Plus ETF (HZD): 6.90$, +7.31%
WesternOne Equity Income Fund (WEQ.UN): 6.24$, +1.13%

Very interesting gain realize for HOD and HZD, but not enough yet for me to sell at profit. For a couple of days in a row, HOD and HZD had gain in value. Maybe tomorrow will be the day where I will be able to sell those 2 at profit. For the rest, I will hold. I don’t plan to perform any other sell – and certainly not any other purchase – at this time. I will sell in case of extreme necessity, in case my margin account gets out of control. If it happen the TSX goes lower, I may have to sell some asset or TD will do it for me... I don't think I will have the heart to sell any of my stocks just for the heck of it. So go ahead TD Waterhouse, do your thing, kill me if you want, sell if you have to sell. But than, it will be ME who will be calling YOU... LOL

For now, 2 things: looking forward to sell at profit HOD, HZD and STICK and HOLD for the rest. The stock market will recover from today crash. Remember 2008. We have one of the best exchanges of the world. The trick is not to sell in a rush under the impression that it’s all over. The stock market is not dead, it’s the beginning of new eve. Fact is, despite the desperation, some of my holding had gain today. There’s hope in the desperation. If my portfolio goes through this without a margin call, this will mean that I am the best investor on earth. Or sort of. lol...  

Lesson learn: never use too much of your margin account money or if not your broker will kill you or sort of.

Quebec singer Paul Piché is an enemy of the Canadian nation























































I had problem to wake up this morning as it was the Francopholies and the weekend of the Grand Prix in Montreal. It was fun, at the exception of the show of Paul Piché. For his last song, Paul Piché decided to show off his love for Quebec nation by singing “un Québec souverain”, which mean for a Quebec as a nation. What the F***! Francopholies had some financial difficulties and I hope Canada will cut all subventions to the Montreal event. A real shame for the French New Brunswicker girl that I am. I am a New Brunswicker, not a Quebecker. Readers have to understand that. I am not a cheater like those Quebeckers. I am the real deal, not an enemy of the Canadian nation.

This demonstration of Paul Piché is really unfortunate. Paul Piché, among with Claude Dubois, has one of the most beautiful voice of Quebec. Paul Piché is a real talented French Quebec singer. But his Quebec patriotism demonstration at the really end of his show was disgusting. In the beginning of the show, I even saw Eric Lapointe in the backstage! He was laughing and seems to be quite happy to be there. It was the second time I was seeing Eric Lapointe. First time was in the early beginning of his career, while I was still a teenager and he was still unknown, he did a show in my little hometown in New Brunswick. Last night, I was right in front of the stage, despite I arrived pass 9pm, because I was working. If I will have known I will have to endure such humiliation, I wouldn’t go to the Francopholies yesterday. Anyhow, I won’t go to any other show of the Francopholies. That’s really all. And one day, I will escape from Quebec province forever.
 

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