UA-300188601-1 The Dividend Girl: Welcome in my TFSA portfolio Precious Metals And Mining Trust (MMP.UN)

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Tuesday, February 19, 2013

Welcome in my TFSA portfolio Precious Metals And Mining Trust (MMP.UN)

I got a couple hundred bucks transferred in my TFSA account this morning. I dring dring TD Waterhouse before hitting to work for a too long day. Following the money transferred, a very nice French and male TD Waterhouse broker offer to place my order and it didn't cost me more than the regular $9.99 commission fee.

You got to be careful if you gave order over the phone - make sure you ask for the commission fee because proceeding. Because it could cost you as much as $75 bucks and that's too much.

I got my Precious Metals And Mining Trust (MMP.UN) units at $5.17. I asked the broker not more than $5.20, order valid all day today.

Need to be careful with this investment. Since its a .UN investment, the dividend is not pure and its better to have it inside the TFSA. I cannot wait to have my dividend income increase, totally tax free. If you get it at the right price like now, holding a bit of MMP.UN cannot hurt.

In my case, I did it in order to get the same dividend income as before JE got its dividend to 84 cents...

I am now at $7 030.26 in annual dividend income. I am just missing just a $50 to get back at the sam old thing I used to have when Just Energy dividend was more juicy.

Job suck as always, if not more than ever and I cannot wait to earn even more to leave.

16 comments:

Anonymous said...

very dangerous stock, yield at 24%, 50% from the 52-week high, dividend will be cut shortly... dropping very fast lately on higher than average volume over the past month, stay away people!!!

Anonymous said...

good luck, but i feel that you will instantly lose money on this investment guaranteed...

Anonymous said...

MMP.UN
Closed end fund run by Sentry. MER 1.8 % “Structured Product” investing in juniors/exploratory & small producers. The stated goal of Sentry is to actively manage to provide “income” instead of capital appreciation. The distributions since 2008 have been solely return of capital (ROC). I presume this is the “structured” part of this fund, to provide tax efficiency of distributions in a taxable environment, as there is no note of derivatives/swaps or other investment types, nor does there appear to be a guarantee of principle . (ROC distributions are not considered income by the CRA, they reduce the adjusted cost base of the investment.) NAV is around 5.00 (Sunny has bought at a small premium to NAV) Yield is a whopping 24% Notes: everyone has an opinion on the sustainability of ROC as its simply your money being given back, not generated, it also effects your adjusted cost base downward when you sell the security. This can be detrimental if there’s been a significant capital gain, creating an even bigger one. Sunny has put the fund into a TFSA so both the tax efficiency and future liability have been cancelled out. The units have been sharply trending downward since October last year. Currently, there is no indication of a reversal. There is chatter whether miners have hit the floor. Anony-ravioli

Anonymous said...

this stock has been going downhill from a high of 12.11 since 2011 and the yield of 24% is ridiculous. this company will cut their distribution and unsustainable...

Anonymous said...

So going through a TD broker you paid a high fee, and will also be paying a MER. The stock itself:

EPS: - $1.90
Share price has been dropping for 2 years now (ended today at $4.92).
Yield: 23% (ALARM BELLS)
It also trades very thinly.

The short, medium, and long term trend is down. You sure can pick'em!

Me, - I increased my holding in DIR.UN , a much better quality play.
stockwealth.wordpress.com

Anonymous said...

Why would you buy this stock, did you look at the chart, it's in free fall.

SunCrisis said...

Had MMP.UN - but NAV keeps going down. Have a look at the following.

TSE:FTN

0.1257 Dividend a monht
Under 8$ a share
18% dividend yeild

Bank of Montreal
National Bank of Canada
Bank of America Corp.
The Bank of Nova Scotia
Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc.
Goldman Sachs
Royal Bank of Canada
Great-West Lifeco Inc.
JP Morgan & Chase
The Toronto-Dominion Bank
CI Financial Corp.
Wells Fargo & Co.

As long as NAV is over 15$ it pays a dividend. Curently at 15.72

SunCrisis said...

Had MMP.UN - but NAV keeps going down. Have a look at the following.

TSE:FTN

0.1257 Dividend a monht
Under 8$ a share
18% dividend yeild

Bank of Montreal
National Bank of Canada
Bank of America Corp.
The Bank of Nova Scotia
Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc.
Goldman Sachs
Royal Bank of Canada
Great-West Lifeco Inc.
JP Morgan & Chase
The Toronto-Dominion Bank
CI Financial Corp.
Wells Fargo & Co.

As long as NAV is over 15$ it pays a dividend. Curently at 15.72

HighOnDividends said...

Sunny: you have reached a new low in investing (gambling). Sad to see. Trying to catch a falling knife.

Plus, if (when) interest rates spike, you will be doomed with companies like this and many others in your portfolio.

Definition of gambling = MMP.UN

Anonymous said...

Stockwealth: I tried to be polite in my comments (I made an effort only to bring out the key words: closed end fund (probably accounts for the thin trading you bring up), structured product, 1.8% MER, premium to NAV, ROC, income, sustainbility of high yield, continuing downtrend...I expect the investor to draw their own conclusions or at least research these terms). I fully admit I have been wrong in the past, despite all my analysis. But even after reading the Racing Form, some people still want bet & dream on the nag & thats perfectly their right. They will be proven either stunningly insightful, or fools. You're far more direct. Best of luck, Sunny. Anony-ravioli

Anonymous said...

You are going to loose money. That's it!

Ruth said...

sunny, did you only buy 40 shares or so? have heard by the business channel that chinese stocks are risky to say the least. the one thing that intrigues me is , is the dividend the only thing that counts..i am always trying to maintain principal. how many of your stocks have maintained it's principal. it is so intereseting reading your ideas.

Ruth said...

well your ahead today Sunny,,,following your mining trust and it is $5.20....this is interesting .

Sunny said...

I know what I am doing. MMP.UN is up to $5.20 because the market is not crashing.

MMP.UN is a risky investment but now is a good time to buy. I invested less than 1k in this. Anyone who think of jumping in MMP.UN can, but not too much should be involve.

I hold a bunch of very good quality stocks, like ENB, CNR, AGU, ENF, PPL, KBL, FTS, EIF, CDL.A, EMA. So I can gamble a few thousands without being hurt too much.

I like to buy, sell stocks, I like dividend income and special dividend distribution. I can play the way I want because most of my cash is being invested in some very very good stocks.

In other words, I can afford to play in without too much problem, as long the amount played is low.

And this is something very important to be learn, how to play the market.

Be a gambler, but be a good one.

Sunny said...

(I don't know for you, but I really have fun here with this part:

I KNOW WHAT I AM DOING)

Euhhhhhhh?

Really?

LOL :))))

Anonymous said...

you just lost your opportunity to get out and break even yesterday, now back down to earth and you are losing money again...

 

Thank you

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