Will Sprott Inc. (SII) pay a special dividend for 2012?

Things had been going well for my investment portfolio. My non-registered portfolio is exceeding the 122k mark. Sprott Inc. (SII) announced recently the acquisition of two small Calgary firms and that kind of bad because it could ruin the 2012 special dividend distribution. When it comes to Sprott Inc. (SII), I know what I am talking about. I had been holding Sprott Inc. (SII) stocks since its early beginning in 2008. Time is passing by sooooo fast, it’s fascinating. Can you imagine? The Dividend Girl and Sprott Inc. (SII) are celebrating 5 years of PURE MONEY LOVE. I really like that one, pure money love. The Dividend Girl, because life is all about pure money love and a bunch of other things. Alright now.

Every year or so, Sprott Inc. (SII) pays a special dividend and it can certainly worth it to own some Sprott Inc. (SII) stocks just for that annual special dividend. I currently own too much of Sprott Inc. (SII) stocks. As soon the stock hit the old 10$ per stock or so, I will be selling some stocks. I love Sprott, but my love comes with a balance. Or should I say, I try to keep it balance. And during that time, things had gone great in my money making.

Other than that, some of my stocks are just totally showing off how great of an investor I can be sometimes...

So far, I made a good capital gain of 114.96$ on Canadian Utilities Limited (CU) and I wasn’t expecting that. So far, CU was going a bit up, a bit down, but recently, it’s start to grow and BOUM, there you go a nice tinny and cute profit of 114.96$. Who look kind of smart now? PLEASE TELL ME. lol..

I also made a capital gain of 225.46$ on Agrium Inc. (AGU).

All this to say that investing in blue chips really worth it. At first, I wasn’t really happy about the idea of investing in blue chips because they pay so little in dividend. I mean, you invest thousands and thousands of dollars and in return, you get some peanuts. Well, I was wrong. At the beginning, you may received just some peanuts ok, but hold and wait because here’s the entire banana split coming... lol...

Meaning you received dividend, the dividend income grow overtime AND your investment value grow over time. So all those factors combine together, it brings a major A+ in your personal finance, that’s for sure.

The only reason why I invested in blue chips during the past few months was to bring extra value on my margin account. My efforts had paid off. I currently have 17k left on my margin account. I have paid off a 5k credit line and I put 4k on another one, bringing my margin value to 26k over a 122k portfolio worth. I mean it’s reasonable and good enough to cover if I get caught again in a stock market tragedy. Hit whenever you want stock market, I am already... or almost. Those things are soooo scary. I cannot say I am really ready to experiment another stock crash because it totally drain me to death. But as you can see, I am not dead; here am I, happily blogging. And guess what, the party only started...

I found an interesting stock from the Sprott family that may worth to write about: SIL, SCP and SPZ. Fact is, I wasn’t even aware of those stocks before me, the know it all about Sprott. You may want to look at them, but there charts are not really good, its showing sign of volatility, some of those never recover from the 2008 stocks. Anytime you see a chart going down down down after the 2008, that’s not good, just skip the stock.

Finally, all this to say that investing in blue chips like CU or AGU, among other, bring a lot more than some Dollorama stocks you may invest in just to get a stock market buzz. Now, I am aware of that and each time I feel the temptation of investing in stuff like SIL, SCP and SPZ, I think twice, I breath, I remember that I have a margin account, and I think of my silver stock picks like FR, PHS.U, PSLV...

I already played enough my money around. Time to get serious and stop wasting time and money.

You see what I mean?

And guys, you know where you can find me... I slowly began to sound as desperate as this guy and it's really funny. ;)

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.

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.

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.

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.

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.

lol

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

So chat latter.

Bye.

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.

THE FOLLOWING IS VERY IMPORTANT:

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! :)

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.

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.

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
(144.22$):
168 549.84$