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Tuesday, February 28, 2012

Welcome in the house Crescent Point Energy Corp (CPG)!

I invested in some stocks of Agrium Inc. (AGU) today. I bought AGU stocks at 84.98$. I am under the deep impression that this stock can hit the mark of 90$ per stock very easily. I was quite excited!

Also last week, I invested in Crescent Point Energy Corp (CPG) stocks. Not a big investment, but still. My non-registered portfolio is now at 123 263.53$. I had been quiet these days, busy at work, dealing with work problem and RRSP problem. My RRSP problem had been resolved, as I think RRSP is not a good option for my personal financial situation. Right now, I am pretty much deep into LOVE with, not a man (I am still single gentlemen), but with my portfolio. I LOVE the rocks I have in my portfolio.

As for work, I am being pushing down like crazy. But I am not very surprise. See, my boss is a very fresh man who had built himself what seem to be a very expensive home and he said that if it wouldn’t be for his girlfriend, he wouldn’t be able to manage his monthly budget and pay everything that need to be pay. I also hear him complaint about his financial situation over the phone, on how much his mortgage was expensive, all the interest own on the money, etc just like a miserable man. I mean, come on now. The loser should have thought twice before building an expensive house in a poor community. 

If you cannot manage your own personal finance, how are you supposed to manage a business well? Fact is, the guy is so a f off that he’s following MBA courses. An MBA won’t be of any help. The guy simple doesn’t have the common sense it takes. He complained to me and to someone else over the phone once. What a complete jerk. It actually really amused me and I am very happy about his situation.Homes don’t sell very easily around here. And when they sell, they don’t get sell at their asking price. Better think twice before building an expensive home on a mortgage.

Now you know, the D-Girl is a D-Bitch. When I hate, I hate for real.

Some people can be very artificial and fresh, with a taste for expensive car, expensive clothes, expensive home... It’s not giving back anything good in return. Fact is, the more your frugal, the better it is. A lady of the name of Annie Jean is actually pretty good at the frugality game.

The only excessive thing I have in my life are my debts and my investments. With a net worth of more than 80k now, I am happy, but the problem being once you get in the money game, it’s really hard to get out, its really addictive and fun. So yeah, I am pretty much into the money deal, but for me, it had a refreshing effect and I don’t think I would be at 80k+ net worth if it wouldn’t of the “effect”.

I could continue on writing on all the awful things my boss told me, but I will just stop here for now because you simply couldn't believe. We’ll chat again later. I am peacefully waiting for my laid off so I can sue the rat and get the hell out of here.

Thursday, February 23, 2012

Gordon Pape involved in the RRSP Businesses deal screw up to steal money from Canadians

There’s a bunch of people out there, including Gordon Pape, who want retail investors to think that investing in a RRSP account is valuable. You need to read the post I wrote yesterday to better understand why RRSP contribution is of no help when it comes to create financial health. It’s just too bad I wasn’t able to realize that a lot sooner. I am stuck with a 40k value stuck inside a RRSP that isn’t doing nothing for me, expect pushing later the tax payments.

Let’s start with Gordon Pape. Gordon Pape recently came with a RRSP portfolio investment idea. We find in it the very fabulous Firm Capital Mortgage Investment Corporation (FC), a stock that I hold in my non-registered portfolio for a little while now following Gordon Pape recommendation. FC is a superbe wonderful stock, very reliable and the chart is a rocking rocket.

Great. But Gordon Pape has a darker side. Fact is, Gordon Pape is actively promoting RRSP account to screw up retail investors and to make good money by promoting a banking product (RRSP) simply made to make banks and government richer, but not individuals.

RRSP is a real industry. Banks had come with special loans design for the RRSP. Banks actively promoted those products in major marketing campaigns. And for what reason? To make money on the back of the middle class, on the 99%. On a salary of 40k+, if I make a RRSP contribution of 4k, I save about 1k in tax. I save 1k on a 4k investment, which means that it’s costing me a 4k out of my pockets to get back a 1k. The 4k will be put away, untouchable until I hit my seventies. Does it really worth it? Not really.

Fact is, once I hit my golden years, I will have to pay taxes on RRSP withdraws. At that time, with a bit of luck, the 4k invested today will worth much much more in 4 decades from now. And oh surprise, I will have to pay taxes on the 4k AND on all capital gain realized during those 4 decades... On top of that, the money hold in the RRSP will affect what the government will give me on my senior years.

So basically, for someone like me of the middle class, earning close to 45k yearly, it doesn’t worth it to invest in a RRSP for that specific reason. There’s no benefit to invest in a RRSP account.

And by the way, it’s not because you don’t invest in a RRSP account that you are not properly prepared for retirement, especially now that we have the TFSA.

On the other hand, a TFSA is a very powerful tool. I haven’t used all of my TFSA contribution room because I have a margin account on my non-registered account. For very practical reasons, I prefer to invest all cash available in my non-registered account. Why?

1) To increase the value of my margin account so I can use the margin money to pay off more debt of mine at a higher interest.
2) To secure my margin account situation (the more you have, the better).
3) To do numerous of operations without having to deal with the one withdraw TFSA rule that really suck at TD Waterhouse.

I guess those are the main reasons.

Also, while investing in a RRSP, the fact that I cannot access the money freely, whenever I want or feel like, and that suck too.

To celebrate the mediocrity of the RRSP account, I decided to invest a 1 000$ tomorrow in Crescent Point Energy Corp. (CPG) in my non-registered account (gotta bring that margin stronger) and not to contribute ever again to a RRSP. Gordon Pape? An author with sometime good stock picks, a pusher of the RRSP so banks and government can make a huge amount of money on my back. Oh yeah, Gordon Pape.

Gordon Pape.

Wednesday, February 22, 2012

No more RRSP contribution, NEVER EVER again

I taught I had until the end of March to contribute to my RRSP but I have until February 29th.... the more I think about a RRSP contribution for the 2011 fiscal year, the more I dislike the idea. 

One of my reader is a tax specialist so I bring in my numbers with what I had found as deposit amount in my banking account for the 12 months of 2011 and I found out that my 2011 net income exceed the 40k. I was surprised because it didn't give me the impression that I earn that much in 2011. I wasn't even working 30 hours per week at my main job. but even there, it's true I was also working full-time during the weekend. Anyhow, all that to say that yeah, once again, I pop up the 40k income, with multiple money maker streams. Nice, but ho headache, what about the income tax? I wasn't paying income tax on my part-time job, only the unemployment insurance and a few other mandatory things. Because of that, I could have a couple of hundreds $$$ to pay in taxes.

My mom is getting closer to 65 and at her age, she has to cash out her RRSP for a reason or another. I am really not into RRSP but I know that at a certain age, you need to transfer what you hold in an RRSP account into another type of account. but even there, while doing so, you have to pay taxes on each single withdraw. 

For 2011, I taught of giving 4k on my RRSP contribution.

Now, I am going to tell you why I won't be doing so.

No matter what if I contribute or not to my RRSP, I won't have 4k to pay back on taxes. So can someone could explain to me why should I bother doing a 4k RRSP contribution? 

While being in a RRSP account, I won't be able to take a full advantage to my 4k RRSP contribution.

Yes, I can use my RRSP money on the purchase of a house, or go back to studies (I think) but WAIT, its not as great at it seem, all withdraw made from a RRSP, all amount need to go back in the RRSP withing a certain time frame because I have to pay it back. I mean come on, those type of shitty solutions are really not made for me. I don't want to earn a house (unless I win 649 lotto) and I certainly don't want to enroll in a Canadian university program. You need to be a fool, a complete idiot to pay those extremely expensive tuition fee. If you know me by now, you know that the Dividend Girl is the kind of girl who is extremely smart. Canadian universities? WHAT THE F. They are made for dummies.

Now, another think, a 4k RRSP contribution will remain untouchable and not enjoyable until I retired. But even there, I will have to pay taxes on the withdraw and oh wait, since the money will remain in a RRSP account for like several decades, the initial amount deposit will grow grow grow... and when come time to withdraw, HELLO TAX PROBLEMS. Again.

So I mean, come on now RRSP account is all about bullshit. Its a government fantasy made as set up. There's no real benefit to a RRSP. Better just enjoy the money while being young, but it on the margin, trade, go with a TFSA with Questrade whatever. But a RRSP? NO THANK YOU. NEVER EVER AGAIN.

A RRSP account is for fools.

Saturday, February 18, 2012

DNI Metals Inc. (DNI) joins the TSX Venture 50 of the TMX Group Inc. (X)

I had a long journey with DNI Metals Inc. (DNI). I had been holding my DNI stocks since 2009. After 3 years, I just began to earn the reward of my patience. Lately, my investment value in DNI Metals Inc. (DNI) more than double. 2012 seem to be the year of DNI Metals Inc. (DNI).

DNI Metals Inc. (DNI) ranked 10th in the Mining category of the TSX Venture. DNI fabulous performance in 2011 made it possible to be part of the TSX Venture 50 for 2012.

The TSX Venture 50 is a ranking of the best of the best of the TSX Venture Exchange. The Venture Exchange is like any other stock market. You could see it as being a paradise for penny stocks. When a stock like DNI Metals Inc. (DNI) made it to the TSX Venture 50, it’s a sign that the company is on the right track to achieve financial success. It’s also a positive sign announcing a possible jump into the REAL stock stuff, meaning that a stock performing well on the TSX Venture has good chance of becoming part of the fabulous TMX Stock Exchange.

It’s all about progression. First, smart stocks start as a cutty small penny stock on the Toronto Stock Exchange Venture, make it through the TSX Venture top 50, growth, growth, growth and transform into an extra powerful dividend blue chips.

Will DNI Metals Inc. (DNI) ever become a blue chip stock? Maybe. But before it get to that point, DNI have certainly a long way to go. Hopefully, among the way, it could be possible to cash big from DNI Metals Inc. (DNI). And that’s exactly what I am looking for and is the reason why I had been holding DNI since 3 long years now.

Thursday, February 16, 2012

Who has a 120 610.46$ non-registered portfolio?

Me. Me me me :)

It's going on quite well. At least for the investment portfolio. NFI had made great gain. AGU is like a rocking star. EIF as well, CNR too. etc. etc. And guess what? TOMORROW IS FRIDAY.


I am not feeling like blogging or writing something interesting right now.

So chat latter.


Monday, February 13, 2012

One more time baby! Lets do it one more time! Maple Group renew its TMX Group Inc. (X) offer

I just received another notification of TD Waterhouse. You know the shitty deal between TMX Group Inc. (X) and the Maple Group? Well, it is renewing AGAIN! Instead of giving a reasonable delay, the group of stupid bankers keep pushing and re-pushing the acquisition date. JUST GIVE ME MY MAXIMUM OF CASH SO I CAN GET OUT OF HERE! This will be very good because it will decrease my margin account usage. And at 50$ per stock, I will be cashing in a great profit and not to forget about the dividend.


While you received this new letter from TD Waterhouse or whatever else regarding the Maple Group acquisition shitty shitty deal, well, be careful. In the between, if you have received a dividend that DRIP and produced a new stock, it's really important that you give your broker a call to have that new stock include in your selling order regarding this acquisition.

Because of course, if your smart, you'll go with the maximum of cash option and the order goes with the exact number of stock you hold the X. Let say in November 2011 you had 40 stocks of X and now on date of today you have, let say, 45 stocks of X, really important that you call in your broker and renew the sell order in regard of this acquisition business for the EXACT number of stocks you currently hold.

Don't understand a word of what I am saying, well, dring dring dring, just call TD Waterhouse or whatever else is your broker and you will see, you'll be be very grateful to be the reader of the most fantastic financial blog of all time ever if you understand half of what I am talking right now.

This only concern of course the current TMX Group Inc. (X) miserable holder like myself.

I want my cashhhhhhhhhhhhh. Show me my money! :)

Saturday, February 11, 2012

Is silver still the investment of the decade?

My non-registered portfolio closed yesterday session at very good 119 909$. My security book value is of 118 412.30$, which mean that I had been good enough to recover from ALL internal capital loss. FINALLY! The glorious time had come. Ok, nice, but the Canadian stock market like many other worldwide seems to be extra-sensible to what’s going on in Greece. Not that I don’t care, but we all deal with our own reality, I have my own problems, I have put a great deal of efforts in my portfolio and I won’t accept trouble from anyone so Greece, just get out of the way please, deal with your own reality.

This is how I like to deal with troublemakers.

This being said, I am now out of internal capital loss, but if the stock market get unstable, I could face internal capital loss, one more time... A NIGHTMARE. But I am pretty good at holding stock so there’s no nightmare I cannot really fight see. That’s the magic of the Dividend Girl.

Dealing with internal capital loss is no big deal, it just it can take some time to recover. While investing in stock, it’s always good to have a portion of your portfolio in cold cash. Why? Because if part of your portfolio is experiencing capital loss, you’ll be able to rely on your cash rather than on your stock in case of an emergency situation suddenly emerge. I am really good at giving advice but I don’t respect those advices myself. For the past 6 years, I had been invested every single pennies I could find and I use leverage as you know, like crazy.

I may not be good at respecting my very own advice, but at least, you know with who you are dealing with.

This is even I will say spectacular that I recover from my capital loss because this portfolio of mine, the non-registered part, include my MAJOR loss of 4 065$ in Timminco (TIM). That was back somewhere in 2008 or 2009. Currently, the same investment worth 1$... From 4 065$ to one single dollar. I started investing in stock in 2008 and I invested in Timminco (TIM) shortly after that. I had some knowledge, but it wasn’t enough I guess at that time to save me from a stock salvation.

I invested in Timminco (TIM) because it was promoted by Eric Sprott of Sprott Asset Management. Eric Sprott is the man who made me loss 4 064$ on the stock market. Thank you very much Eric Sprott for all the trouble and all the shit, but even you couldn’t destroy my portfolio forever. Sometime, I wished I would get stuck in an elevator with ONLY Eric Sprott and solve the problem I have with him.

Ok, it didn’t turn right with Timminco (TIM), but I recovered very quickly and I had hit the 6 figures portfolio using leverage in 2010. And later on, Sprott started the Sprott Physical Silver Trust UTS (PHS.U) and the Sprott Physical Silver Trust ET (PSLV). From that time, it was the silver mania.

Eric Sprott actively promoted silver as investment and again this time, I got totally fascinated.

In 2011, I traded silver on a regular basis, buying-selling, buying-selling. Always small amounts, but it was fun.

Later on, I made my first investment in US dollars in the Sprott Physical Silver Trust ET (PSLV) when the units were something like 20$+. Almost immediately after... Sprott silver drop under the 15$. I am very good at provoking events, catastrophes, cataclysms. Shortly after I made my first stock purchase in Sprott Inc. (SII) in 2008, the stock market crash. Remember? lol...

Currently, the Sprott Physical Silver Trust ET (PSLV) is still far behind the 20$ mark per unit. And now, I just wonder if silver can be a profitable investment.

Is silver really the investment of the decade like declared by Eric Sprott? I guess only time will tell if Eric Sprott was wrong or not.

Thursday, February 9, 2012

Unfabulous offer coming from Duncan Hood, Editor of the MoneySense Magazine

When I was in Montreal, I could spend hours at the Chapter, a Starbuck coffee at hand reading magazine after magazine until the closing. Now that I moved in New Brunswick, if I want to read magazines, I can do it while standing on my 2 foot at Wal-Mart or Zellers or, I can go at my local library.

Duncan Hood, the Editor of MoneySense Magazine may taught that offering the MoneySense for 1 year at 30$ is a good deal, but personally, that deal doesn’t sound appealing to me. A 30$ for a one year of MoneySense magazine is an offered that I had received. You may receive it if you have an account at CanadianMagazine for their forum or newsletter or some other stuff.

Fact is, you don’t need to pay 30$ per year to get a taste of what frugal living is, or what is investment all about, to get stock information, credit card balance information, stock market hottest news...STOP. Here at the Dividend Girl blog you get that an even more for FREE.

30$, is not that bad. We have much worst with Gordon Pape. Want to subscribe to Gordon Pape Internet Wealth Builder? You can go ahead, but it will cost you $164.95. Oh sorry there, $164.95 + TAXES. Because taxes are not even included in that SUPER HUGE PRICE!!!!

Fact is, you don’t need to pay one single penny to be a successful investor. Why? Well, because you can read my blog for free. You can read online newspaper online for free. You can read Derek Foster books for free at your local library. All free stuff.

Financial services had came with that idea that the more you pay out of your pocket, the better the services are. Well, that idea is completely fall.

There’s plenty of financial blogs out there you can consult for free and if you’re smart enough, you won’t pay a penny to get stock ideas or ways to deal with your money. Like NEVER EVER. Those people like Duncan Hood and Gordon Pape are simply money s0ckers.

Wednesday, February 8, 2012

My investment portfolio on date of February 8, 2012

Savings: 1 113.71$

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 7 548.45$
Timminco (TIM): 2$
Blue Note Mining (BNT): 24$
Bank of Nova Scotia (BNS): 5 688.71$
Hanwei Energy Services (HE): 30$
Methanex Corporation (MX): 3 037.47$
Fortis Inc. (FTS): 3 680.64$
Pembina Pipeline Corporation (PPL): 13 037.04$
Just Energy Group Inc. (JE): 8 737.46$
Pengrowth Energy Corporation (PGF): 2 237.40$
Enbridge Income Fund Holdings Inc. (ENF): 7 470.50$
Corby Distilleries Limited (CDL.A): 1 803.48$
Davis + Henderson Corporation (DH): 3 900.03$
Premium Brands Holdings Corporation (PBH): 7 442.52$
EnCana Corporation (ECA): 4 012.88$
iShares S&P/TSX Capped REIT Index (XRE): 2 462.46$
Horizons Gold Yield Fund (HGY.UN): 2 025.72$
Canfor Pulp Products Inc. (CFX): 1 374.95$
New Flyer Industries Inc. (NFI): 1 528.80$
Exchange Income Corporation (EIF): 7 944.30$
Rogers Sugar Inc. (RSI): 528.28$
Student Transportation (STB): 1 445.35$
Colabor Group Inc. (GCL): 1 135$
TMX Group Inc. (X): 4 256.46$
Data Group Inc. (DGI): 3 084.90$
K-Bro Linen Inc. (KBL): 2 178$
Westshore Terminals Invest Corp (WTE.UN): 5 007.58$
WesternOne Equity Income Fund (WEQ.UN): 2 724.60$
Atlantic Power Corp (ATP): 3 375.60$
First Majestic Silver Corp (FR): 1 960$
Kinross Gold Corp (K): 1 659$
TransCanada Corp (TRP): 1 047$
Canadian National Railway Co (CNR): 2 346.30$
Firm Capital Mortgage Investment Corporation (FC): 537.20$
Sprott Strategic Fixed Income Fund (SFI.UN): 465$
Enbridge Inc. (ENB): 1 094.52$
Agrium Inc. (AGU): 1 156.82$
Canadian Utilities Limited (CU): 1 299.48$
Veresen Inc. (VSN): 1 023$

TOTAL: 120 312.90$

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): 2 303.19$
Cash: 4.12$

TOTAL: 2 307.31$

Tax-free savings account (TFSA)
EnerCare Inc. (ECI): 28.44$
Dumont Nickel Inc. (DNI): 1 581.25$
Sprott Physical Silver Trust UTS (PHS.U): 2 990.64$
Cash: 3.73$

TOTAL: 4 604.06$

RSP investment portfolio:
Sprott Canadian Equity Fund: 6 404.46$
Claymore Gold Bullion ETF (CGL): 5 239$
EnCana Corporation (ECA): 1 967.48$
Emera Incorporated (EMA): 7 126.20$
Sprott Physical Silver Trust UTS (PHS.U): 996.88$
Cash: 136.72$

CIBC Dividend Growth Fund: 561.82$
CIBC Emerging Markets Index Fund: 458.18$
CIBC Monthly Income Fund: 1 081.96$

Energy and Base Metals Term Savings (Indexed term savings): 577.30$
Natural Resources Term Savings (Indexed term savings): 502.06$

GIC National Bank: 1 242.70$
GIC Plus TD: 500$

Maritime Life International Equity Fund
(Templeton): 616.68$
Manulife Simplicity Growth Portfolio: 891.93$
Maritime Life CI Harbour Seg Fund: 1 053.79$
Maritime Life Fidelity True North Seg Fund: 1 004.54$
Manulife GIF MLIA B World Invest: 633.67$

Great-West – various: 1 957,04$
Various other mutual funds: 675$

RBC Canadian Dividend Fund: 558.62$
RBC U.S. Mid-Cap Equity Fund C$: 2 080.71$
RBC Global Resources Fund: 1 094.57$
RBC O'Shaughnessy International Equity Fund: 589.18$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 191.18$
RBC Global Precious Metals Fund: 885.97$

TOTAL: 40 027.64$

Social Capital at Desjardins Membership share: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
168 549.84$

Tuesday, February 7, 2012

What Rebecca MacDonald the billionaire really thinks of Canadian Pacific Railway Ltd. (CP)

I know, this is isn’t me, I haven’t post in a while. I had been busy-busy. First of all, I had been busy writing some articles on HubPages. I wrote about this, this and this. I am looking to make 50$ per month from HubPages in passive income but this is requesting a lot of work from my part so yeah, I had been busy this past weekend. I have develop a lot ideas so I should be hit the 50$ soon, it’s just a matter of time. And once I hit the 50$, after that, chances are that I will be ok to hit the 50$ every single month after that. It’s just about getting that first 50$. Does that remember you of anything special? Like my very special domain address for example?

Also, I had been taking those art classes and it’s been going on well. But before talking about painting and other beautiful tralala, let’s talk about money. Because it’s all about money. One for the money, one to the show.. Is that the correct Elvis lyrics? I heard Elvis songs so many times in my childhood, but the only problem is that in those early years, because I am French, I never clearly heard or understood the lyric of Elvis songs, yeah yeah, on the go. One for the money, one for the show.... lol And the money... And the show...

For the money, my portfolio is a rocking shining star and I bet that every TD Waterhouse brokers just DREAM about by stuff you know what I mean. Yeah, margin investing, I know the game and stock investing, I know the game too. At this point, I think I am at my highest value ever. Just too bad I don’t have time to update my investment portfolio but at least, you have a good idea of the big scheme. My fabulous of the fabulous DNI Metals Inc. (DNI) just continue its road to become a rocket stardom so rock on.

The very fabulous Rebecca MacDonald is putting the TSX on fire with her “energy” stuff. First of all, for those who don’t know Rebecca MacDonald, I feel very bad for your ignorance but you can always click on her to fix that. If you want to know something that you may not know about Just Energy Group Inc. (JE)’s CEO, go on here. Rebecca MacDonald is now a long time billionaire. It gives her the freedom to do whatever she wants. She can say things that she may have never said otherwise, like for example: I won’t buy Canadian Pacific (CP) stocks even if I am now involved in the board of director team. GO WOMAN! Finally, there's a billionaire out there who just worth even MORE than money. Cannot say the same thing for sure about Eric Sprott. Not yet. Eric Sprott has a longggggg wayy to gooooo.

When a company is on a bad track, don’t invest in it. When someone like Rebecca MacDonald speaks, you listen and shut your mouth. Be extremely alert to what she says and does. It could pay back very well. In other words, if you are looking to invest for the real term, please be smart and don’t invest in Canadian Pacific (CP). Ok, I can hear from her: IT'S NOT WHAT REBECCA MEAN. Well, you need to take the content, and extend it to your own retail investor reality. Take big ideas; bring it to your very own social class level. That’s the idea.

This is certainly something that Heather Munroe-Blum would have like to know about. It’s not because you’re in the board of directors of a company that you need to buy inside the company, especially not in period of crisis. Back on May 12, 2011, Heather Munroe-Blum, the principal and vice-chancellor of McGill University, bought 10 000 stocks of Yellow Media Inc. (YLO). It’s not because she’s the vice-chancellor of McGill University that this woman is very bright ok. It’s kind of the opposite. She’s making a luxury living on the back of poor students who were dumb enough to pay several thousands in tutorial fee just to enrol in what they believe is the best university of the country. Well, I have some news for you, the blood Heather Munroe-Blum sacrifices, the shit went directly back on her. On May 3, 2011, the very good investor that I am was selling ALL of the stocks hold of YLO. YLO? Forget about it. You shouldn’t be holding a Quebec company in your portfolio anyway. At this time, I only have 2 Quebec companies in my portfolio and I am looking to get rid of them all ASAP. And following what, YLO continue to fall-fall-fall and became what we know today: a penny stock.

I am hoping that Heather Munroe-Blum, this fresh lady, I really that she lost several thousand on the stock market. She basically got what she deserved. A flop. Want to make a career on the back of public funds and student debts? Pay the price! Sacrifices won’t be vain! The dead of the Safia daughters won’t be vain either. Remember that God is watching. He’s always there. And you can be very sure I will turn rich on DNI. I always knew. It’s why I hold it in my TFSA. Quebec is burning and I have the most fantastic revenge of all time. Sufferings from Quebeckers, laid off, it won’t be vain.

Ok, you might think she’s silly, she’s sick, I understand her.

First of all, you need to think of yourself as being a piece of the chain. And as a piece of the chain all elements are interconnected and they all go in just one single direction, yours. So i you think too that believing in God, being somewhat religious and loving money are 2 things that have nothing to do together well, good news too there, you are actually so wrong, you’re missing the whole point of it. This was all very interesting but I cannot spend the whole evening blogging. While missing me, check out on some new pictures and paintings.

This is my favorite. It was actually made on a Dollorama canvas. Cheap and fun:

Thursday, February 2, 2012

Getting closer to the 120k non-registered value

I just received a very good dividend payment of 56.16$ coming from Bank of Nova Scotia (BNS) and 9.55$ from iShares S&P/TSX Capped REIT Index (XRE). My dividend income for the month of January has now exceeded the 800$, which quite good.

My non-registered portfolio is now at its highest value EVER from what I am able to remember: 119 270.27$! Yeah! Make some noises for the Dividend Girllllllllllll! YUUUUUUUUUUUU! lol

Without adding new money in, my non-registered portfolio is very close to the 120k. Nice. This capital boost is also boosting my margin account value. So what I did today is that I took 1 500$ from my margin account and I add the money to my credit line. This bring my credit line at 7 334.59$. I am at 86 724.09$ in debt. This is huge of course, but I am unfortunately not scare of debt.

It’s getting more difficult than ever before to add in some new stocks for my portfolio. I taught lately of Crescent Point Energy Corp (CPG), but it’s not adding any kind of diversification to my portfolio, if not just another pipeline energy stock in. So I at this point, I am pretty much out of aspiration when it comes to picking up some good old Canadian stocks. I totally have it all now in my portfolio and life is kind of boring now. I have in everything I ever dream of. So is it really all? Is it over?

Bah, of course not. I something have trouble to find new stuff but hey, it won’t last for long.

My debt level is quite high. For once, I plan to pay off some of my debt. I would like to be at 80 000$ in debt, not more or less and, if again I have trouble at picking up a new investment, I thing I will just keep paying down those heavy debt of mine.

I know, it sound pretty boring but it’s not my fault, I am running out of stock picks.

I guess at this point, paying down debt is the right thing to do, boring, but the right thing to do.

Watch out, because I can hear you saying: FINALLY, SHE’S GOING TO PAY SOME DEBT.

Yep, I am going to pay some debt.


My deb situation on date of February 2, 2012

8 302.08$ at a low interest rate of 4.75% (RRSP credit line rates) = 394.35$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest

7 746.26 $ on a credit card at a low interest rate of 2.9% (result of a credit card balance transfer) = 224.64$ in annual interest

6 980.12$ at low interest rate loan at 5.50% (student loan) = 383.91$ in annual interest

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

7 334.59$ at 7.52% (credit line rates) = 551.56$ in annual interest

51 461.04 $ at a low interest rates of 4.25% (margin money coming from my broker account): =
2 187.09$ in annual interest

TOTAL: 86 724.09$

TOTAL in annual interest: 3 937.55$
[In date of February 2, 2012]

Wednesday, February 1, 2012

My saga with Revenu Québec continue

I had quite a good surprise just a few minutes ago when I look into my broker account. Yesterday, my non-registered portfolio closed the session at 117 091$. At this time, my non-registered portfolio is at... are you ready?

My non-registered portfolio is at 118 344.65$!

This is great because in case you don’t know it yet, my investment book value at TD Waterhouse is of 118 280.62$.

118 344.65$ - 118 280.62$ = +64.03$

Now it’s official, I have beaten my internal capital loss!

Those were for the good investment news of the day.

Back in December 2011, I had received a letter asking info regarding my RAMQ contribution. I sent all the info requested. And today, I just received another letter from Revenu Québec, this meaning that my saga continue...

First, Revenu Québec is letting me know that in 2010, my total income was of 43 000$. That’s quite good. But following what, Revenu Québec is asking 102.04$ from my pockets for their health insurance, RAMQ. I am going to have this check tomorrow by the accounting I deal with while living in Montreal. I just don’t exactly understand the reason of it, but it have to do with the fact that I didn’t enroll in my employer insurance program while I should and in result, it create an extra tax charge.

See, I won’t be living in Quebec province ever again of my life. Quebec province is hell. You pay all kind of taxes all over the place. In return, try to have access to health care... Trust me, if you move to Quebec province, you won’t be able to find a family doctor. Hospital cares quality is extremely low. Quebec provincial government doesn’t care about their citizens.

Fact is, the job sector is deteriorating in Montreal. A lot of companies closed their doors and it’s a real good thing because really, no one wins by living in Quebec province. Its most taxes province of Canada and the most taxes “country” of the G7. Nothing to be really proud of. Quebeckers like Brian Mulroney, Gilles Duceppe, Jean Charest, Gérald Tremblay are imminent figures of Quebec corruption and the worst thing being that those individuals live freely, Quebeckers accept their corruption. In Quebec, its acceptable to cheat, lie and steal money from public funds. In Quebec, it’s ok to maximize taxes on the back of citizens. But for which reasons? There’s no quality in their educational system, university, health care and infrastructure.

Knowing that, how in the world can you want attract businesses in your territory? Good businesses are leaving Quebec province one after the other and I can say proudly: TAKE THAT QUEBEC PROVINCE. Quebeckers finally get what they truly deserved. And this is of course only the beginning. It’s the beginning of the end. This is my revenge.

Thank you

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