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Wednesday, February 26, 2014

Its the RRSP season and you shouldn't care about it

Its the big RRSP season  once again and personally, I am not a fan of RRSP. I have 40k worth invested in RRSP and I can say that if I regret one thing in my life, its all that money that I invest inside RRSP. 

I am not a fan of RRSP for many reasons. First of all, you never can plan what kind of shit will put itself on your way. When you invest inside a RRSP, you cannot benefit that money until you retired at an OLD age. 

Investing in RRSP will provide an immediate tax benefit, but when you get old, and withdraw the money, you'll need to pay tax on that money + all gain made! Awful right? I think that all the money you can possibly save should go to pay down debt and inside a TFSA and after, a non-registered account.

I need money now, not when I will be old and grey.

The name of this B**** is M-O-N-E-Y, Honey

And you are all going to understand really quickly why. Its a mega portfolio pow-wow! My non-registered portfolio is on the $137 226 value right now, its highest value ever. I own this success to some good old stocks of mine. When I say old stocks, I mean stocks that I had been holding on to for a veryyy longggg time. Those extra special stocks are like Methanex (MX), which I bought at close to $16 per stock back in sometime like,,, 2008. And in 2008, I was a 28 year old chick. As the year pass by, I luckily only got richer. MX closed the day at close to the $75 today. That's right, that baby is going to stay with me forever. Hello, no not diamonds, but hello very expensive $$$ cash.

Another stock that totally turn me on at this time is Premium Brands Holdings Corp (PBH), currently trading on the high at $23.60, I got in the game at $16.66. I own this one to Jean-François Tardif. And talking about the Jean-François Tardif, is JFS.UN fund is finally kicking some ass and making me a very very rich girl.

Other stuff like AGU, BNS, PGF, CNR, oh yeah CNR, DH and sooo on had made of me a lucky girl.

Richness is relative. For some, being rich mean being a millionaire. For others, a $50 000 is all they need.

Sunday, February 23, 2014

Saying hello for the first time to a $190 000 portfolio

I haven't post nothing in about 2 weeks, which is quite unusual, but I had been busy with a part-time activity. I made I guess around $700 from it so far and I already been paid for one project. I plan to use the money to pay down some debt. I have update my home office chair to a new one, it make it more comfortable to spend those long hours in front of my laptop, or even for blogging.

Even while being busy at other stuff, I kept my eyes on the stock market and I saw it going up up up. The TSX pop up the 14 000 points mark, like WOW! And I knew at that time I was on the $190 000 value at that time. I was very excited. My net worth is now at $111 472.91. If the rhythm stay the same, who knows, I could easily get on the $150k net worth by the end of 2014. Wouldn't be great?

My debt repaying plan is going on well. Other than my margin, I only have left $3 723 on my student loan and a balance of $2 508 on a 0% credit card that I need to pay by the end of May. $2 500 is quite an amount and my priority is now to pay it as soon as possible. The month of May is coming in a hurry! And some vacations in Easter too...

My investment portfolio on date of February 21, 2014

In date of February 21, 2014:
Non registered Investments:
Stocks and Units investment portfolio $CAN 
Timminco (TIMNF): $1.56
Blue Note Mining (BNT.H): $2
Bank of Nova Scotia (BNS): $6 954.10
Hanwei Energy Services (HE): $21
Methanex Corporation (MX): $7 430.42
Fortis Inc. (FTS): $3 346.30
Pembina Pipeline Corporation (PPL): $18 387.60
Just Energy Group Inc. (JE): $7 200.10
Pengrowth Energy Corporation (PGF): $1 727.30
Enbridge Income Fund Holdings Inc. (ENF): $8 561.54
Corby Distilleries Limited (CDL.A): $2 265.50
Davis + Henderson Corporation (DH): $6 199.20
Premium Brands Holdings Corporation (PBH): $10 255.45
EnCana Corporation (ECA): $4 370.08
iShares S&P/TSX Capped REIT Index (XRE): $2 417.80
Horizons Gold Yield Fund (HGY): $1 376.55
Canfor Pulp Products Inc. (CFX): $1 383.48
New Flyer Industries Inc. (NFI): $2 296.32
Exchange Income Corporation (EIF): $4 915.90
Colabor Group Inc. (GCL): $476.34
TMX Group Inc. (X): $401.52
K-Bro Linen Inc. (KBL): $3 750
Westshore Terminals Invest Corp (WTE): $7 344
WesternOne Inc. (WEQ): $2 850
First Majestic Silver Corp (FR): $1 341
Kinross Gold Corp (K): $877.31
TransCanada Corp (TRP): $1 222.50
Canadian National Railway Co (CNR): $5 577.30
Firm Capital Mortgage Investment Corporation (FC): $476
Enbridge Inc. (ENB): $1 335.60
Agrium Inc. (AGU): $2 620.02
Canadian Utilities Limited (CU): $1 637.58
Crescent Point Energy Corp (CPG): $854.92
JFT Strategies Fund (JFS.UN): $2 412
Geovencap Inc. (GOV.H): $0.40
Black Diamond Group Ltd (BDI): $758.25
Emera Inc. (EMA): $820.25
Cineplex Inc. (CGX): $1 002.25
Barrick Gold Corp (ABX): $931.60
BCE Inc. (BCE): $1 051.60
Stella Jones Inc. (SJ): $527.40
Shoppers Drug Mart Corp (SC): $2 991.50
Saputo Inc. (SAP): $1 071.80
Canada Bread Company Ltd (CBY): $2 527.70
Lassonde Industries Inc. (LAS.A): $1 156.20
Toronto-Dominion Bank (TD): $993

TOTAL: $136 130.24

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): $1 384.74
Cash: $4.12

TOTAL: $1 388.86

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): $30.15
Dumont Nickel Inc. (DNI): $129.38
Sprott Physical Silver Trust UTS (PHS.U): $2 004.40
Sprott Strategic Fixed Income Fund (SFI.UN): $363.50
Healthlease Properties Real Estate Investment Trust (HLP.UN): $1 057
RioCan Real Estate Investment Trust (REI.UN): $926.45
Precious Metals and Mining Trust (MMP.UN): $565.20
Sprott Inc. (SII): $3 522.53
Chorus Aviation Inc. (CHR.B): $594.36
Data Group Inc. (DGI): $474.64
AltaGas Ltd (ALA): $1 252.50
CT Real Estate Investment Trust (CRT.UN): $1 131
Cash: $73.09

TOTAL: $12 124.20

RSP investment portfolio:
Sprott Canadian Equity Fund: $3 555.86

iShares Gold Bullion Fund (CGL): $3 978.26
EnCana Corporation (ECA): $2 227.06
Emera Incorporated (EMA): $7 546.30
Sprott Physical Silver Trust UTS (PHS.U): $668.13
Toronto-Dominion Bank (TD): $1 489.50
Barrick Gold Corp (ABX): $1 164.50
Stella Jones Inc. (SJ): $2 637
Telus Corp (T): $1 939
Tim Hortons (THI): $582
Cash: $196.33

CIBC Dividend Growth Fund: $677.13
CIBC Emerging Markets Index Fund: $329.88
CIBC Monthly Income Fund: $1 198.75

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

GIC National Bank: $1 277
GIC Plus TD: $500

Manulife Fidelity NorthStar GIF CAP B: $1 200.26
Manulife Simplicity Growth Portfolio: $1 076.65
Maritime Life CI Harbour Seg Fund: $1 211.17
Maritime Life Fidelity True North Seg Fund: $1 304.12
Manulife GIF MLIA B World Invest: $872.74

Great-West – various: $2 189.08 
Various other mutual funds: $1 333

TOTAL: $40 133.08

Social Capital at Desjardins Membership share: $40 

Savings + Stocks, units, mutual funds + Tax- 
free Savings account + RRSP + Online Income
$190 040.33

Friday, February 21, 2014

My deb situation on date of February 21, 2014

2 508.45$ for 6 months at 0% (credit card) = $0

$72 335.03 at 4.25% (margin money coming from my broker account): = 
$3 074.24 in annual interest

$3 723.94 at low interest rate loan at 5.50% (student loan) = $204.82 in annual interest

TOTAL: $78 567.42

TOTAL in annual interest: $3 279.06
[In date of February 21, 2014]

Tuesday, February 11, 2014

CIBC Visa decided to treat the Dividend Girl like a Queen... and you should all do the same!

Not so long a ago, a reader was asking if I finally got my credit check and what my score was. Well, I didn't get my credit check yet, but I guess I have one of those very good credit score because once again, CIBC Visa decided to treat me like a Queen.

With CIBC Visa, I am currently under a 0% credit card balance promotion. Nice, but it seem not to be enough for CIBC Visa. I received the following offers by mail today: CIBC Visa offer to increase my credit card limit to close to 10k. And that's not all! CIBC Visa is offering me 1.99% interest rate for 6 months. Both offers are nice, but I am not accepting one or the other as I have more debt that I need on my back. The 1.99% offer for six months is not that much interesting because a 1% immediate fee need to be paid off, and to that you need to add 1.99% interest rate. Not to interesting.

I haven't mail my $1 600 to the Student Loan yet, and I guess its the best thing I can do for now, rather than getting into a credit card limit increase and stuff.

Saturday, February 8, 2014

For those cold winter nights, try David Tea The Spice is right

The weekends are always a nice time and the day FOLLOWING a paycheck is always extraordinary. Yeah! I had discovered an extraordinary David Tea name The Spice is right, a spicy orange green tea with 0 calories and the taste is absolutely amazing, its my new favorite tea. While drinking The Spice is right, you could thing that the tea contain sugar, but no sugar, only a very great taste! The mix of orange and cinnamon is very good! Check on the Spice for those cold winter nights.

While drinking that awesome tea, I wonder: what am I going to do with that money? In total, I have a $1 600 available to do whatever I want. Excluding my margin, my debt include a $2 500 credit balance at 0% for 6 months and a $5 381.54 student loan. My margin situation is stable for now, and I have plenty of cash available - $20 000 available on my different credit lines and I have an immediate access to $15 000 in case of need. So no excuse, I have no excuse. I haven't done extra payment on my student loan in a very long time and with only $5 381.54 left to be paid, giving an extra push on it wouldn't hurt at all. I don't have much debt excluding margin, so paying off as much possible, why not.

I currently have to make a monthly payment of $98 on my student loan. With an extra payment of $1 600, it could lower my payment to $69 a month and lower my student loan to $3 781.54.

I have establish a minimum monthly budget that goes like this:

Rent: $615
Grocery: $200
Internet: $39
Cell: $41
Laundry: $18
Student Loan: $98 $69
Banking Fees: $6
Credit card at 0%: $53
Total: $1 041

Knowing my habits, a more realistic budget should include an extra $300 for other expenses like coffees and stuff like hair products, makeup and clothes. A more realistic is $1 350. Its getting more and more interesting. 

Wednesday, February 5, 2014

Saying goodbye to Heroux-Devtek Inc. (HRX)

I am late on the post, but I didn't take time yesterday to make it publicly announced... yesterday, I have sell all of my Heroux-Devtek Inc. (HRX) shares for $11.70. I cash in $633.51 after commission. Its a good move for me because I need to lower by debt and also at this point, Heroux-Devtek Inc. (HRX) doesn't pay any dividend. I had collected dividend from HRX in the past, but it was only one time, 2 years ago at the time a special dividend of 5$ per share was distributes. Two years is a long run to be able to sell back a stock on a profit, but this was only a tiny small investment and I had all the time of the word. I can be very patient when needed.

My non-registered portfolio closed today session at $130 659.67. The markets are quite difficult these days and hyper sensible to the situation for the emergent market. I don't have too much left on my margin (just something like 3k), so I decided to put my upcoming paycheck on my margin instead of my student loan or anything else. Following what, I will only own $73 558 in debt - including margin, student loan and my current credit card balance at 0%. 

I am watching the French Quebec TV show L'Épicerie, thanks to my antenna, and there's a guy that live on a $60 grocery bill for one month..... Oh lala... The goal was to eat for $2 a day, he was able to make it, lost 12 pounds among the way, but wasn't much interest in repeating the experience because it requested a lot of shopping time. No, its not something I am interested in.

Monday, February 3, 2014

TD Bank Two-for-one stock split is now completed and Heroux-Devtek Inc. (HRX) wake up from the deads

Today was the lucky day, but nothing spectacular happen in term of value. On this special day, TD bank stock split in 2. Currently, TD bank is about $50 per share, when it used to be close to $100. Its a cool move coming from TD Canada Trust. I find the stock have a feeling of being less arrogant now compare to the other big banks like BMO and Royal Bank, just to name those two. This split make TD more accessible to any type of investors, big or tiny little and that's real sexy.

A less sexy thing: my non-registered portfolio close down to $131 076.39 today. The TSX lost 200 points today and its unfortunately impact the value of my portfolio.

Another very sexy thing: I had set up an automatic sell option on a couple of stocks, but they had expired, because it was only set up for one month, the month of January... Here are the stock sell moves that were automatically set up, but I forgot to renew them for the month of February :
-Heroux-Devtek Inc. (HRX) at $11.23
-New Flyer Industries Inc. (NFI) at $11.75

And I also had one for CFX and CPG, but I didn't not down the selling price that I put out there.

Anyway, something very awesome happen today with Heroux-Devtek Inc. (HRX)! That's right, HRX finally wake up out from the deads, from the actual monstrosity that crack happen today.

Back on November 2012, I bought some Heroux-Devtek Inc. (HRX) after the company declared a $5 per share special dividend. Ever since, I had been holding on to HRX, hoping that its value will eventually go up and make a profit by selling the shares. And the special event happen today, but the problem is now a sell or hold status. Heroux made a major acquisition of a player in its sector. And in result, the stock gain 8.21%. 

Now could be a nice time to sell. But now could be a nice time to stick and hold to Heroux-Devtek Inc. (HRX) and never ever sell...

On one hand, I have a mountain of debt and i could use the tiny amount made by selling HRX to pay on some debt. Also, HRX doesn't pay any dividend at this point. Aeronautic is a risky sector... If be rich, i will probably hold to HRX, but because I am poor, I am very tempted to sell it right now... I am not exactly fix on the move I should made, but I have a new series of post about frugal living and tips on how to save some money so stay tune.

Saturday, February 1, 2014

Welcome in my non-registered portfolio TD Bank and Lassonde Industries Inc. (LAS.A)

I recently sell some stocks off my portfolio, like Bombardier, Veresen, Student Transportation and Rogers Sugar. Once sell, I used the money to pay off my debt, and I now see the too very direct impact on my margin. In result, I have left $3 862 on my margin, its not much, so for my next investment move, I will be investing inside my non-registered. To make my margin more secure, I will need to have at least between 10 and 15k on. Once that step completed, I will be able to invest in my TFSA, which didn't happen in quite some time.

This past Friday, I did something I was looking to do in quite some time. I partly sell my investment in Exchange Income Corp (EIF), and I reinvested in some TD and  Lassonde Industries Inc. (LAS.A) stocks. Following what, my non-registered portfolio is now at $132 100.18. Not too bad. I will be happier with a 135k valie. 

I am very excited over my TD stocks because real soon, the stocks will split in 2. Two-for-one stock splits are always very exciting event because the value seem to jump a bit and its always very exciting stuff. Telus and Stella Jones, among other, are stocks that I hold that went through a stock split and it went all. Its all about making the stock more affordable to investors and its nothing more than positive stuff to me. I would like to have a stock split with Lassonde Industries Inc. (LAS.A) too. At more than $100 per stock, LAS.A is reallyyyy expensive and the dividend income is tiny little, but its the kind of quality stock I need in my portfolio.

I am so so glad that I got rid of Rogers Sugar! RSI just lost 9.82% value this past Friday session. It feel good to know that I sell right on time before it fall right down. It seem like I am always right on everything. (I cannot wait to read reactions about that one!!!) Seem like I am doing all right.

With soon another 1k to invest in my pockets, I am in the search of a new stock to invest in, but I have to say, its quite difficult. I cannot get in something that could be a good match. I had trouble to find new investments in the past, and its happening again. Seem like the only very great thing to do with my money right now is pay off debt. And since I cannot get my hands on a new fantastic Canadian stock, I am more and more thinking about maybe putting a 1k payment on my student loan... And after that I think why not a 2k since I earn closed to 1k alone with my January dividend. I could go form a $98 monthly payment to almost half of it, if its the way it work.

Living without having any future investment ideas is killing me. Its like I don't have any dreams. There's nothing more I want from the thing. Is that really all? Is this the end?!!! Don't count on it. There's nothing wrong about paying off debt but i find the phase boring without new excitements... but I still can excited about the fact that I am slowly reducing the amount of cash I need every months... And its something really interesting. Once all my debt are paid off, I could live on as low as $1 000 a month, even $900 per month. To make it happen, I only have $7 681 in debt to clear off; really nothing at all... So I am telling myself, why not? Especially while going dead on investment ideas. 

Sooo my new turn on for the month of February is to live on not more than $1 000:

My rent: $615 (why does it have to be so expensive). 
Grocery and other: $291
Internet: $35
Cell: $41
Laundry: $18

That is the challenge for February.

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