Dividend Joy in April… and it’s not over yet!

I was very happy to received 75$ in dividend from Sprott Asset Management. But great news – the dividend earnings for April is not over! In the upcoming weeks, I am expecting a 51.20$ from Pengrowth Energy Trust (PGF.UN), 13$ from Pembina Pipeline Income Trust, 4.28$ from Livingston International Income Fund (LIV.UN) and 49.49$ from Bank of Nova Scotia (BNS).

Which mean its make almost 200$ I will earn in dividend earnings for the month of April. Very great!

I now have a 1 300$ sleeping in my bank account but that’s money is taxes money. I did my taxes – all by myself – and it wasn’t too difficult. But very exhausting and very long, but the software I use is quite good and I plan continue to work on my taxes declaration this weekend and finish it up and move on.

I was entering the data and I was getting anxious while entering my T4 for my 3 jobs because once they were all enter – it was making almost 4 000$ I had to pay extra in taxes! From that point I told myself, I will continue to do it by myself and if I see I still that much to pay, I will make someone else do it for me. But at the end, once I enter my RRSP amounts for 2008, everything turn out well, as I only have to pay 1 800$ in taxes. Which of course, it’s a lot of money, but in 2008, by running everywhere, I make a bit more than 44 000$. After 41 000$, I get into a higher level for the taxes and from my point of view, the whole thing make sense.

But at the same time, I am quite disappointed in having to pay almost 2 000$ in taxes because I really wanted to purchase 100 units of Energy Savings Income Fund (SIF.UN), like next week or so. But it’s seemed it won’t be before next month. Life sometime is boring like that.

My first vote as a shareholder of Methanex Corporation

I previously vote as a shareholder of Bank of Nova Scotia (BNS) a while ago. Now it’s the turn of Methanex Corporation (MX). Actually, my vote for Bank of Nova Scotia was my first vote as a shareholder. I wasn’t prepared to vote for another company any time soon and I was quite happy to have the opportunity to vote for another company… that I own lol. Most hilarious part is that I had received the voting package… in English lol. Very funny. But I understand English enough to take "clearly" decisions or what I believe will be a good decision.

I didn’t begin the reading of the document yet. I am way too exhausted on what had happen to me lately. I am going to explain it all. But for now, my portfolio is taking form and it’s beginning very interesting to be… an investor lol!! No matter how bad the economic situation is, companies like Bank of Nova Scotia, Fortis, Pengrowth Energy Trust, Livingston International Income Trust, including Methanex Corporation among other, continue to pay dividend to their shareholders. And this thing is real. I had received a little more than 300$ in dividends money and I cannot wait to earn more.

If small investor were doing the same thing as me, we could boost the Canadian economy. But unfortunately, it’s not something I can do by myself alone, me and my little thousands of dollars here and there. But the whole investment thing begins to be more and more interesting. The portfolio I own at a broker now worth an average of 20 000$ in value right now and I expect to see it’s growing over the next couple of months. If only the TSX could reach 15 000 points again, my overall value could reach 75 000$ and maybe even more. And what I like about the stocks market is that there is no discrimination of what so ever. You invest in a company, it give you automatically the right to vote for it, to earn dividend and so own. And nothing is done to stop the process by anyone among the way.

And there’s no more powerful tool than the stocks market. I saw it from my own eyes. In a day, I could had make close to 500$ or so by selling some of my investments. This is fantastic.

On what's going on with Blue Note Mining

I didn’t have too much time to do my search, but I read that Blue Note Mining had declared bankruptcy. Not that I was very surprised about the news as I knew things were not doing to well at Caribou (New Brunswick). But when I learned about them having discovered some gold near Caribou, I taught things were going to get a bit better… but it didn’t happen…

Its heartbreaking news and I was very sad to learn that Blue Note Mining had been delist from the TSX. BN had been moves into the TSX Venture, which I have no clue what it is about. The delist will be complete on April 1st. Now, I wonder if I should sale the investment or if I can still hold and if I hold – will the money remain? Just sooooo confusing. I didn’t receive any information on this what sort ever – a letter or anything. So I guess the only solution to know exactly what’s going on is… to contact TD Waterhouse! (lol!!!!!)

But what happen in my broker account is…extraordinary…

Blue Note Mining still appears in my account, no problem. But the amount is different. Back a couple of months ago, I had purchased 12 000 stocks of Blue Note Mining – main reason behind the purchase was because the company had a mine in New Brunswick. Which I find cool since I am from New Brunswick myself. It would have been too great if I could only had make some money of the investment. Anyway, in the late days, the current value of my investment had been less than 200$. But now, the amount that show up as current value is 600$ - which is almost the value of the initial investment I made back than; exactly of 689$. Let’s say that with Blue Note Mining, I would only had lost 89$ at the really end.

Now, what I think happen is maybe Blue Note Mining had given some money back to their shareholders. But I wonder where they took the money, since they had declared bankruptcy. I do not plan to sale Blue Note Mining anyway unless I have too. I wouldn’t like to loose that 600$ of mine.

This is a valuable example on why its always better to purchase, stick and hold until the end, just like Derek Foster learn me to do. Because of this I save 29$ (the cost of the transaction that it will cost me to sale the investment) and more than 400$ value on the initial investment. Like WOW. I am just lucky like that sometimes.

I do not wish this of course, but wouldn’t be nice if the same thing could happen with Timminco? The initial value of my purchase use to be of 4 065$ and now, it’s worth 554$! This is worst investment I ever made of my young life as an investor. But I do not wish a bankruptcy for Timminco (TIM), no company deserved to live a bankruptcy. It’s awful for investor, CEO and employees. Because I guess the employees of Blue Note Mining may had been lay-off. And I should be careful on what I write – or say – remember what happen with my morning job? Just too hot.

And, if I continue to look into my portfolio, I just can only laugh at myself about Bank of Nova Scotia. I taught it was a so smart move of mine to purchase BNS at 44.94$... but now each stock only worth 31.60$. Just so hilarious. It’s just show how markets are difficult to follow… even for an expert like myself lol.

TSX forever.

Dividends update

LIV.UN : 100 x 0.504 = 50.40$
PGF.UN : 500 x 2.70$ = 1 350$
SII : 500 x 10 cents = 50$
MX : 101 x 0.769 cents = 77.669$
BNS : 101 x 1.96$ = 197.96$
FTS: 100 x 1.04$ = 104$
= 1 830.029$

Last time, when I calculate my dividend earnings, I forget about FTS..... I know PGF.UN might not pay 2.70$ this year in dividend, but as a strong believer, I prefer to believe the dividend will be 2.70$... And here I am, with 1 830$ income for life, every year of my life. I am just missing little to reach the goal in 5 000$... But it will be preferable if I could just completely pay off my credit line and get a better job ;)

Worst day ever

The day went just fine, but at a point, I get upset at some point of the day. It take a lot of self control to ge through things like I am getting through and I am really happy to have my blog to at least be able to, if not doing something concrete about it, just to get some kind of a compensation. Anyway, what happen just show the stupidity of the whole thing and maybe some of my own stupidity. I was at my morning job – I was actually working this morning. Everything went super fine. At 1:30pm, at the time I usually finish, one of the supervisors tells something about me, that I could stay until 3PM if I wanted.

Which I was quitted happy of, but than, the other supervisor just told the exact opposite, that I had to go. That what piss me off. And I get to a point that I now have enough. Most of their major projects got cut off anyway and they are not very kind to anyone. They have as excuses that its because of the recession that’s going on in the states, but if they were just a bit more professional in their manners, maybe a lot would had been done in a much better way. I know them to well now and I know they did it just to piss me off. They were running out of numbers anyway and I could see that there was not going to have that much samples for the bunch of people we were. And anyway, I got tired of survey job. My life just makes any sense.

I get through the reading of the documentation I had received from BNS today and I have to say, I find it very interesting. I will probably vote FOR all the propositions. I just find it very cheap from the administration board of Scotia Bank to come along and say ok, here is why you have to vote AGAINST… It’s having the complete opposite effect on me. And when I go through the reading, from what I cam over from my very little interpretation is that the administrative board is suggesting voting AGAINST the different proposals because they do not defend their causes. And there that lady over there who do not even hold 200 stocks of BNS and she’s from the administrative board. Which I find totally out of the track. How can you be on the board of a society if you not only hold 200 stocks? That one had to get out of there and I want her out of there. Oh lol. With me, everyone is going to loose their job. I want them all out of there.

Since I am not working tomorrow, I could take the time maybe to go to an hospital for my left hand because its so weird, I don’t know what to think about it, if its broke of what. Its not getting any better or worst. But knowing myself, I will probably just stay up all night ans writting about everything and anything.

Tomorrow, I have no excuses, I can do my RRSP and all the other little thing I need to do. That's including searching for another job! Starting from right now!

Weekly update... working at taking decisions

I just received on yesterday a package from the Bank of Nova Scotia (BNS). And there I saw the address of Halifax, Nova Scotia on it. I was surprised to see the address of Nova Scotia, as silly as it sound. It’s like I do not have any real connection or interference with the company I invest in. But who really does anyway? I am quite excited here. It’s like me, taking important decisions for the Bank of Nova Scotia? WOW! It’s just unbelievable. But as a proudly shareholder, I am going to do my search and vote seriously. And Nova Scotia is in the Maritimes and me from the Maritimes I. That’s where is located the connection between me and the Bank of Nova Scotia.

The power now belong to…… me, New Brunswicker lol!

Another week pass – and I prefer to take it one week at a time. The TSX is now up to something like 9 000 now. Oh no! I want my low market back! It’s like I am having so much fun! I cannot wait for next week, I will have 1 000$ or so to put down on my credit line and I will be able to purchase other stocks. This time, I might invest in something else than PGF.UN. As little money that I have, let’s diversify, diversify and diversify!!!

And talking about TD (because I unfortunately have a TD Waterhouse account), I get very angry at TD as I received that letter – TD was going to make client pay 35$ for inactive credit line… I was so upset! How disappointed I was, I cannot tell, even if I was not being directly touched by the measure at the time, as I (unfortunately) use my TD credit line on a regular basis. But at least, now, Canadians know, all Canada know now, that TD is just like the other, just a bank looking to make profit on small people. I am saying this, even knowing that now TD had step back – and they probably did it because of complaint they have received. The reason why I was upset is the following: I imagine that if I was going to stop investing and stop using my credit line, it wouldn’t be far for me to take out 35$ of my pocket just because I do not want to continue to use another bad service coming from TD (I just cannot help it).

The ideas behind my taught are the following: if eventually TD had move forward with their bad decisions, I would eventually had to close my TD credit line and open another one someplace else. But than, I would had affect my credit score and than, I taught that if it was going to happen, I would eventually sue TD and ruin them by doing a collective cause and get millions and millions of dollars of those dogs for all the people who had suffer from the same condition as myself (because of a ruined credit score). But lucky for them, they never move forward. Shame on TD and on their way of doing business. Their administrators have no heart.

That’s all I have to say.

And when I read the following coming from TD spokeswoman Kelly Hechler:

"We wanted to cancel the inactivity fee and also do something that we thought would be helpful and meaningful to our customers"

I just can think of one thing: BULSHIT!

(!!!!!)

Working to make it happen

This past week had been quite awful for me. Other than the RRSP at RBC part, I invest in Livingston International (LIV.UN). I purchase the stocks at 5.99$ or 6$. I purchase 100 of them. The annual dividends was supposed to be at 1.70$ or so, but now its down to 50 cents. Facing dividends cut is very sad, but its look likes its part of the game. I don’t regret the purchase any way. And it might be the reason why the stock price false down to less than 6$. Facing dividend cuts like taking away the dream of financial freedom. But still, the overall portrait is not looking that bad for now.

I take a review of my futures dividend earnings, and it should be something like this:

LIV.UN : 100 x 50 cents = 50$
PGF.UN : 300 x 2.70$ = 810$
SII : 500 x 10 cents = 50$
MX : 100 x 0.62 cents = 62$
BNS : 100 x 1.96$ = 196$

Total Dividend earnings with stocks I have so far: 1 168$

Which I am quite happy with. I just can’t wait to see the money coming or seeing it « dripping » - if only it can. I enroll in an automatic DRIP. I gain one MX stock that way back in December. I hope to gain enough money in 2009 to continue to purchase stocks from time to time. What I wish for is a low market so I can continue to purchase stocks at cheap price. Investing in stocks is very addictive and the more I buy, the more I am being additive.

Other than the RRSP part, I have 2 horrible news. At my daytime morning job, they are facing lack of work, which mean I probably won’t be able to make my 22.5 hours per week every weeks. This is quite awful for me. And also, at my weekend job, even if I call to confirm my weekend schedule, its seem like I am not on the schedule for next weekend, so I have to call this Monday. And even for tomorrow morning, I do not know if I am working for sure, as I totally forget to call at the end of the day on Friday… It’s getting more and more complicated and I just can’t wait to leave the workplace forever! It’s driving me crazy.

For now, I just have to complete the very complicated RRSP part. After what, I will see next if I return job searching again. My life is pretty exhausting.

And another bad luck of mine, like if I needed another one, the zipper of my winter coat is broken!! I cannot just put on my coat probably. I might need to purchase a new one. The coat is so old and looks a bit old; it just doesn’t worth it to get just the zipper change on it. I guess I will purchase a new one. Just like if I needed an other bad luck…

$$$

I finally start to earn good money from my investment. The stocks I purchased yesterday are going up up up. I purchase Bank of Scotia Bank at 44.82$ and now each stock worth 49.40$... Which mean I made 458$ from that investment. I never earn that much, and so quickly, from other investments of my whole life.

And the Hanwei Energy Services (HE) stocks are going up to at 2.20$. I made 15$ from the investment, as originally I purchase the stocks at 2.15$.

Just from yesterday, I made a total of 473$!

WOW!.... Especially that the HE was a wild pick... As I had some money left. I pick the stock in a special edition of a magazine about finance that I don't remember the title. So I "try" to do my search and beginning to think for myself and I came with a list of stocks that eventually provide a good return only if chance is by my side. They are:

BRC DiamondCore Ltd (BCD-T)
Highest: 4.74$
Lowest: 0.70$

This stock look like it's been closed or something. The stocks remain at 60 cents and no trade had been done on it yesterday. I don't know the reason of this.

Chariot Resources Limited (CHD-T)
Highest: 1.32$
Lowest: 0.46$
But I find CHD-T a bit too volatile.....


Antrim Energy Inc. (AEN-T)
Highest: 7.49$
Lowest: 2.10$


Lundin Mining Corporation (LUN-T)
Highest: 13.97$
Lowest: 4.53$


Western Goldfieds Inc. (WGI-T)
Highest: 4.13$
Lowest: 1.59$


And, the current pick:
Hanwei Energy Services Corp. (HE-T)
Highest: 6.29$
Lowest: 2.08$


All data provide below should be modify, as its common from me to make mistakes.....

And for those stocks below, I didn't proceed with any intensive research, just a bit of reading over the Internet and it's about it. Anyway, I like Hanwei, once again for the name, it's sound a bit like Hawaii and it's exotic. That's why I pick it.

I really need that 473$ right now because my famous BN are now down to 0.04 cents, I am still loosing with Sprott Asset Management, TIM, and not to talk about my mutual funds. It's a disaster.

As for my loan I made from my credit line, if I calculate the right way, I will be able to refund within 2 months. I plan to transfer the rate with one a check I had from one of my credit card. I can get the rate of less than 3%, rather than 18% of my credit line. If I calculate right, 18%, for 2 months, make a total of more than 100$ on 4300$... which I could even believe but I guess its what it is. And I don't care if it will affect my credit score. It's really too bad I don't had more money from my own to invest in stocks.

Bank of Nova Scotia and Hanwei Energy Services

I maybe did a wrong move, but I take 4 300$ from my credit line to purchase stocks... I now had 100 stocks of Bank of Nova Scotia (BNS) that I purchase at the price of 44.82$. Since I had some money left, I take the chance on Hanwei Energy Services Corp. (HE), for 300 stocks at 2.15$....

I won't do any more for a couple of weeks, as I want to pay off as quickly as possible and I will possibly pay it off within 6 weeks. I took a look at my investments, SII, TIM and other, and they all go up, so I just hope that it will turn for the best. It's a good thing I invest in Bank of Nova Scotia, it will provide some stability to my portfolio.

There was the TD Canada Trust stocks that were at 59$, but I wasn't having enough to purchase even 100 stocks. Below that, the fees are higher.

I am all happy with my move and I will work hard in the next few weeks to pay it all.

I am doing ok after all

I am still loosing money like crazy today, my Sprott Asset Management stocks value is still low, even with Blue Note Mining, I lost money. But I didn't loss enough to tell myself I won't invest ever again... I have an eye on Bank of Nova Scotia stocks and I might do my move tomorrow. I am just too excited see how things will turn out by the end of the day. If only I could have a 10 000$ somewhere... but right now I still don't have too much in my bank account.... But anyway, I plan to borrow 5 000$ from my credit line and purchase some stocks... I had been waiting for so long to purchase a bank stocks and this is the good time. I am all getting excited and yeah I can't wait.

And talking about banking account, yesterday, I was quite shock about a conversation I learn at my job. It's my full-time job, and it's in a call center. We are being paid 12$/h. It's very low for all the work, but anyway, for now, still I stick with 2 other part-time job and I had a regular schedule, I stay there. And the job is quite easy after a couple of weeks. Anyway, I heard the conversation of that lady, she's in her fifties and she was talking to someone higher and she was telling about the medications she needs and than in the fact that she was living in poverty. When I heard her saying the world something like "my poverty" I kind of freeze there. "Living in my poverty" is what she said. It was so weird to hear her saying something like that. Like if she wanted that we had her in pity. And I once hear her telling to a customer something like "I work 11 hours a day". Is she looking for a some kind of recognition from the customer or something like it? And anyway, if she work 11 per day, in the end of the 2 weeks for the pay, she will get a 1 000$ paycheck after taxes. After that your telling me you live in poverty?

I never, of course, tell her anything of what I was thinking of her behavior. But I dislike it very much and I just hope someone will listen to her calls and tell her just to stop looking for recognition coming from customers. Myself, I am not the type who's looking for some kind of recognition. Not that I am careless, but a job is a job and for myself, the only thing I am into is money.

And sometime, I told myself that if I would had been very great, I wouldn't be working at low salary jobs and it will be really easy to find a well paying job. I am just like that and I like to be mean to myself. Like just for my portfolio. If I loose everything, I am going to loose anything. But from the start, I build everything for a long time commitment and I am not afraid of the stocks market or about anything else as everything had been plan and at the same kind not being plan - for a long time adventure.

And a bad news, other than the stocks market is that I yesterday ask someone if there was overtime available and I was told I need to ask for my supervisor. Usually they put on the board if there is overtime but these days, nothing. And I know a couple of co-workers who are doing overtime without asking. For myself, I am too scare of that - and what if there's no overtime available? They don't seem to be very concern about it, but I am. One of them told me he wasn't giving a damn about it. I am just curious to ask to be able to do my Sunday, especially after what happen to me last week at my little survey job... Like I show up at work but there was no one to open the place. I don't even know what's going to happen to my pay for that day. Anyway, I am supposed to call tomorrow to find out if there's any work available.

I really had the worst and the most miserable jobs in the whole word but the things is mixing them all together make a huge $$$ after the week. The only thing is I am getting annoying of the weekly routine sometime.

This Saturday, I am getting a hair cut.

On what to do next

I am still earnings good amount of money because of my 3 jobs and I am wondering what to do next. If I should keep investing like I was doing, in mutual stocks or funds, or should I strat just putting money away in the ING Direct account that I have or should I finally start to pay off more seriously those student debts that I have.

I had been thinking of all this lately and I am still interest in investing anyway, at least a final try if I can say. I would like some Bank of Nova Scotia stocks. If the market can get low enough, good opportunities will show up, just like it's the case with Rogers Communication right now.

It might be in my interest to save also for my incoming RRSP of 2008 but there still time ahead to save 7 000$. I was thinking that the period of December 2008 to mid-March 2009 to save the money and before that, I could basically do whatever I want with my savings until December.

It's very difficult to see all my value going away like that and I just hope things will get better and start making money from those investments.

I now have 100 Timminco stocks

I purchase other Timminco stocks this week. This time, I purchased them online, it was very easy to proceed, and it only cost be something like 27$. I purchase those stocks at 23.70$, which I believe was a good price for.

For the rest, the market is not super great at this time. I just can’t wait to make some big bucks from my Sprott Asset Management funds. So far, so good, since I am still working at my 3 jobs and I still making almost 800$ weekly. I am just looking to purchase more and more stocks and my next purchase could be Bank of Nova Scotia, but I will need at least 5 000$.

I don’t know too much on buying stocks, but I think the minimum per transaction is 100 stocks and Scotia stocks being not cheap, I might need at least 5 000$ before I can purchase them. I would like to purchase stocks that provide dividends. I was planning maybe to sell a couple of my non RBC mutual funds to purchase stocks.