A 17.78% gain for DNI Metals (DNI)

I had been holding my stocks of DNI Metals (DNI) or Dumont Nickel (DNI) (I actually preferred the old name) for quite some time. Back in 2009, this was supposed a quick buy-and-sell to make out some money for the summer. It was supposed to be the money for sandals and one or 2 summer dress. But the dream ever happens. Back in the summer of 2009, I wasn’t able to sell DNI in order to make the profit wanted. All I wanted was a 200$-300$ profit. Not more than that. But it never happens. Despite the desperation, I did what I do best: buy and hold. I had been now holding DNI Metals (DNI) for something like close to 3 years.

I initially invested 690$ (+ 29$ commission fee) in Dumont Nickel. Currently, my investment in DNI Metals (DNI) worth 761.88$. Nothing to be very excited about, but a gain of 17.78% is absolutely awesome. I personally think that DNI can go higher than just 26.5 cents. I don’t have any explanation on today DNI Metals (DNI) fantastic gain. This very strange knowing that we are in the middle of the winter and I guess that, well, for metal exploitation, this is not the greatest time of the year, right? But some financial statement had appeared earlier in February for DNI and I guess that investors had been pleased with what they had read. Because no, I didn’t read DNI Metals (DNI) most recent financial statement. I am a long time investor of DNI and whatever happens to DNI, I accept it, I hold no matter what. Reason behind is that I don’t have anything to lose. Remember, this is a 719$ worth investment.

Today marks more than 100 trades for DNI. Usually, we only count 10 or so trades per day on DNI Metals (DNI). Something is going on and we are soon going to find out what. To sell now is not a good idea because a lot is going on for DNI Metals (DNI). DNI Metals (DNI) Alberta exploitation seem to be ongoing. My feeling is that DNI can reach the 30 cents per stock or even more. I like the way this is going on because the gains for DNI had been continuous and steady. It’s not like the stock hit the 26 cents to immediately go back to the 20 cents or something like it. That’s why I like the feeling of the recent DNI gain. At this time, I will continue to hold DNI and wait for something extraordinary to happen, just as for everything else.

Mom, I invest in stocks

I am still at home in New Brunswick. My mom always worry about me because of my frugal living style. I always been the way I am right now, meaning counting every penny to the cent without being scared of cutting unnecessary expenses or anything else. Without being scared at all.

So just to make her feel better about me, I told her I had 82k in assets and I try to talk a bit about my investment. She was surprised by the sum of money I have under my name. She asked me: how were you able to do that? I explain I was investing in stocks etc. She took it well. Not that I taught she was going to tell me to sell or anything like it, but I came from a family who doesn't know about the stock market. Not knowing is ok, but I was scared she was going to make pressure for me to sell everything I own. She didn't. She worried about fraud, but I explain basically that I am the boss, no one have a word to say with what I do with my money. No one control it except myself.

I was listening tonight to the Mount Real Montreal financial fraud scandal. There was that interview of Bruno Pelletier who lost 250k in the Mount Real financial fraud. In total, 1 600 investors had lost big deal of money in Mount Real.

My secret for financial success is the same I had been following since 2005. It's all about managing the money yourself and pushing to get the money invest in financial products that I wanted. Before getting a broker account, I had to deal with Quebeckers who believe are great financial advisers and got it. Each time, I had to fight to get the mutual funds I wanted. With Quebeckers, I was always getting comments of the kind that I don't know what I am doing, I shouldn't invest in this or that, etc... I had wrote several post with title "horror stories". You might want to search "horror stories" in the search engine of my blog located in the right inside of this blog. Dealing with Quebeckers and French people when it come to my financial life has always been a hassle. Quebeckers are not competent enough to be successful in finance. It's not because I am temporary living in Quebec that I am going to let some little incompetents deal with my money.

While living in Quebec, it's difficult to get things done my way, but I am going to share a couple of my tips to help you escape the misery if, like me, you are a Canadian living for now in Quebec province:

Financial tip 1: Always deal over the customer service through the phone. When calling (bank or any other institutions), always select the English line. by selecting the English line, you increase your chances to get someone from a call center in Toronto or someplace else, someone who will be willing to do business with you correctly.

Financial tip 2: It's part of the financial tip number 1, but as number 2, I will say, while living in Quebec province, try to avoid face-to-face appointment with a representative, whenever it's for a RRSP contribution, loan request or anything else. I had lost time with Quebeckers in many occasions. At the end, I always had to resolve everything over the phone, through customer service.

Financial tip 3: Know what you are looking for. Never accept no as an answer coming from a Quebecker. Don't let them pushing you down. You know what you want and it's ok for you to get what you want. If a Quebecker disagree with you, you have the right: to disagree with them and leave a deal unclosed if you don't agree with a decision concerning your finance. Remember: you're the boss and you can get what you want.

Financial tip 4: You are finally getting something, a credit card, credit line or the investment you had been waiting for very long? you will have paper work to fill. READ VERY CLOSELY EVERYTHING. I don't care if it take you 15 minutes or more. READ and make sure that what you have agree appear in the documentation. You don't understand a part of the document you're about to sign? ASK questions, make things clear and get what you want. ONLY what you want.

Financial tip 5: When it come to your personal finance, only deal with banks.

Financial tip 6: Open a broker account. This will open new financial opportunities, leaving you as self-started. Go with TD Waterhouse. Easy use and offer a 24 hour customer phone service.

This is all what it come to mind for now, but I may get into other ideas. You may say to yourself: that girl is a complete freak who hate Quebeckers. You may be partly right on that. BUT, I had gone through a lot of things in Quebec. In numerous occasions, I was pushed down, I had been fired from a teller position at BMO Bank of Montreal, I had been refused stuff I wanted. I know how Quebec province is and I can tell you, the financial services here are really ugly. The Autorité des marchés financiers doesn't do the job. As a Canadian, I want to get the best of everything and the only way to get that is to try to stay away from Quebeckers. Quebeckers don't have the brain it take to be able to provide good financial services because they don't believe in Canada as a country.

Another financial tip 7: don't invest in the Caisse de dépôt et placement du Québec or in the Fonds de solidarité FTQ. On the long run, if you respect the diversification rule, you'll do better than any managers of the Caisse de dépôt et placement du Québec. Michel Sabia thing that the Caisse de dépôt et placement du Québec is doing a great job because of the 13% earn in 2010. 13% for 2010, but that's not enough to erase the mistake of the past. Henri-Paul Rousseau was a bad manager of the Caisse de dépôt et placement du Québec but he was hired as Vice-President of Power Corporation of Canada. Power Corporation is an asset management company located in Montreal. Quebec financial system is full of personalities of this type, just willing to acquire a situation to be able to make money and use the money of the middle class for corrupted activities. Don't ever put your faith in Quebec financial system.

In other words: take the place you deserve and leave Quebec financial system behind. I had been investing since 2005 in Quebec province. I had gone a long way since that time and well, I think I know a little bit of what I am talking now.

Eric Sprott Physical Silver PHS.U Rock

What did I told you about the Sprott Physical Silver (PHS.U)??? I knew it! PHS.U is now at 15$ per unit. This bring in an immediate profit of 56.40$, but I won't sell my units of PHS.U now.

That's the power of silver.

If you had made an investment mistake, and look for a way to catch up and recover, well, PHS.U is the perfect investment for that!

Go go go!

:0)

I just sell my stocks of Superior Plus Corp. (SPB)

Hello investors!

Directly from New Brunswick, I sell my stocks of Superior Plus Corp. (SPB) for an amount of 2 252$, 11.31$ per stock. Selling was the only way out as I could not continue very long with Superior Plus Corp. (SPB). Too stressful.

I also sell my stocks of BA, for an amount of 5 430.25$ (26.75$ per stock) and I reinvested the money in 470 units of the Sprott Physical Silver (PHS.U) at 14.88$. I know I can make good money out of PHS.U. I wanted to sell BA just to be able to use the money for leverage in PHS.U. If I sell BA, it was only to have more cash available to invest in PHS.U. So watch out for silver, it's my next big thing!

Got to go for now.

Place a sell order for SPB

This past Friday, I was so busy getting everything organize before leaving, that I did not follow the market. Everything look ok overall, at the exception of SPB. I prepared a sell order for this one. On Monday, the stock market is closed, so the sale order will go through the following say. I am writing this from inside the bus. There's wifi in here. In less than 2 hours, I will be home.

Going home in New Brunswick for a visit

Yesterday I broke down but I feel a bit better now, knowing recent events. I have 2 weeks of paid vacation. Which mean I will probably be in New Brunswick for 2 weeks. After what I will come back in Montreal. No matter how bad I want to leave, I cannot leave immediately. Not to forget about my tax declaration that is coming soon. This is the perfect timing as my weekend job is going to begin soon. After what I will try to pay off some debt and see what I want to do after. That sudden event broke something deep inside me. I guess going home for 2 weeks will be good. I will go fishing on the lake maybe. And of course, I will keep you post. Or try to, as no Internet at home.

My portfolio perform very well lately. Don't hesitate to copy and borrow whatever that can fit you best.

RIP, may the light be with you

Today, my uncle who has suffering from Pakinson disease died in my little hometown of New Brunswick at the age of 64. In June, he would had been 65. It's not a tragic event in a way, as my uncle was in the terminal phase of Pakinson. His body was not answering him anymore. He could talked but it was difficult to understand him. He could no longer walked or eat normal meals since quite some time. The Parkinson disease my uncle had has nothing to do with the type of Parkinson Micheal Fox suffered from. There's absolutely nothing common between the two, this being said very quickly, without knowing anything much more than what I know from the actor condition. Back to the Future is my favorite movie of all time. Knowing Micheal Fox was suffering from Parkinson disease was such a shocked. As for my uncle, he had worked with different chemical products all of his working life and he could not had been as careful that he should. Maybe. I know the environment has something to do about Parkinson.

My uncle died today at 5:15pm Atlantic Time. It was 4:15pm here in Montreal. An hour before his dead, I was happily trading online, making big bucks from my sell of PHS.U. When I sell PHS.U, the silver units were at their highest value ever, 14.04$. I did the sell at 3:16pm exactly. And hour after, my uncle was diying. And it feel like it was my uncle last gift before he died. My uncle had always been so generous for me and my brother when we were children. He was bringing pen, papers, markers he was getting for free from work for us. Me and my brother were playing for hours on the Nintendo games belonging to his children. I also remember watching the movie E.T. at his place with my family. At a time, he was the only one who had a video player. I also remember his pets. I had done some home cleaning job when I was a teenager at his house. He had 2 sons, well employed. Today and yesterday, everything was put together to help me reach my investment goal. And yesterday, well, yesterday was the day of the 150k goal (and close to 70k in debt). But that's another story.

With the lost of my uncle, it's a part of my childhood who's going away and its feel like it will never be the same and I feel like going away from this damn Quebec province and get the hell out of here and never come again could be the right thing to do.

But than what?

With my latest investment in WTE.UN, I had reached the equivalent of 625$ per month in dividend income. I won't get a straight 625$ per month, I know what, because some companies I hold pay a dividend on a quarterly basis. I won't go far with 625$ per month in my pocket, but it's more than what I need to make the minimum payment on my debt.

Life is not good for me in Quebec province. I always had a kind of luck in everything, but this time, here in Quebec, I am loosing myself. I can't get a good job and nothing is good. My salary revision was due back in November 2010. Nothing since that time, and I ask many times. How long am I going to wait to get what I want? Am I going to loose my time here in Quebec forever?

Moving include a lot of things. I had accumulated a lot of things and I would need to move everything from here to my hometown. It's not like I just have a suitcase and I can go on a run, unfortunately.

Moving back home in New Brunswick could worked out, but that would be like I would gave up on everything and say: I quite. My problem back home would be to find employment. Also, I don't drive and well, there's no public transportation where I live... The problems are gigantic. It's almost like there's no way to end the misery. But doing a Stop Working on an annual 7 500$ make me laugh, in a way. Other than that, I don't know what to do.

New trades: WTE.UN

I sell 300 units of PHS.U at 14.04$ and I just buy 200 stocks of WTE.UN at 23.11$. I am very happy since this new investment will add up to my dividend income. 178$ x 2 = 356$. I did an amazing profit with PHS.U.

I am now at 151 053.11$

I didn't do any trades today. I just update my portfolio now. I was very curious on how much I was now since the amount for the rent of February, among other, had been debited from my savings. Even while having less in savings, I was able to reach the 150k, I even exceed it.

Currently, I hold 151 053.11$ in assets, 68 988.68$ in debt, 3 409.95$ in annual interest for the debt and 7 481.29$ in annual dividend income (non registered, TFSA + RRSP).

I am satisfy with those numbers of course, but I could worked at increasing my dividend income without adding new money to my portfolio, but that's something for later. The next natural goal would be to "my first" 200 000$... The 200k sound easy. My weekend job should be back in service in 1 or 2 weeks from now. I will focus on paying some debt.

My net worth is at a good 82 064.43. In the next couple of weeks, I will try to increase my net worth value by paying off some debt. While updating my debt section, I was surprised, because I am exceeding the 65 000$ in debt and I taught that I was close or around 65 000$, but never did I taught I was exceeding the 65 000$ of 3 thousands more... Having debt do not bother me, but since I now have what I wanted (150k in assets), well, time to pay off some debt...

WOW. This is really me saying that!!!!!

This time, I am serious about paying debt, even if it would be just a couple hundred of dollars per month. To invest, I can find thousands of dollars very easily but when it come to pay debt... it's another story. BUT... It's important to pay off debt. Remember my credit card balance transfer at 4.9% that is ending on April 2011... Debt is a reality, but also my 2010 tax declaration. I may have a couple of hundred to pay for my taxes. Debt is a reality that I can't no longer ignore.

Life is hard at this time for the Dividend Girl. I am working part-time only. Life is hard in the sense hard to make more than the minimum payment on all of my credit products. My weekend job should started within the next 2 weeks or so from what I was told. Everything happen just for a reason: TO PAY OFF DEBT. I have to keep that idea in mind and stop injecting new money to my portfolio.

Today was the day of my 150k, I need to celebrate.

My debt situation on date of February 16, 2011

9 366.58$ at a low interest rate of 4.75% (RRSP credit line rates) = 444.91$ in annual interest

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

7 925.83$ on a TD Canada Trust credit card at a low interest rate of 4.9% ending in April 2011 (result of a credit card balance transfer)
= 388.37$ in annual interest

7 766.03$ at low interest rate loan at 5.50% (student loan) = 427.13$ in annual interest

9 760$ at 7.27% (credit line rates) = 709.55$ in annual interest

29 270.24$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
1 243.99$ in annual interest

TOTAL: 68 988.68$

TOTAL in annual interest: 3 409.95$
[In date of February 16, 2011]

My investment portfolio on date of February 16, 2011

Savings:
943.12$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 615$
Timminco (TIM): 102$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 6 442.47$
Hanwei Energy Services (HE): 142$
Methanex Corporation (MX): 2 914.90$
Fortis (FTS): 3 562.03$
Pembina Pipeline Corporation (PPL):
9 609.15$
Just Energy Group Inc. (JE): 9 198$
Yellow Media Inc. (YLO): 2 731.20$
Bell Aliant Inc. (BA): 5 411.98$
Pengrowth Energy Corporation (PGF): 2 617.22$
Enbridge Income Fund Holdings Inc. (ENF): 5 922.45$
Corby Distilleries Limited (CDL.A): 3 599.64$
Davis + Henderson Corporation (DH):
4 246.04$
Premium Brands Holdings Corporation (PBH):
3 348.80$
EnCana Corporation (ECA): 6 134.52$
Sprott Physical Silver Trust UTS (PHS.U): 4 062$
iShares S&P/TSX Capped REIT Index (XRE): 2 206.82$
Horizons Gold Yield Fund (HGY.UN): 1 934$
Canfor Pulp Products Inc. (CFX): 1 659$
New Flyer Industries Inc. (NFI.UN): 2 380$
Superior Plus Corp. (SPB): 2 470$
Capital Power Income L.P. (CPA.UN): 1 958$
Exchange Income Corporation (EIF): 1 963$
Rogers Sugar Inc. (RSI): 1 683$
Student Transportation (STB): 1 384$
Colabor Group Inc. (GCL): 2 412$
TMX Group Inc. (X): 4 060$
Data Group Income Fund (DGI.UN): 3 990$
TD Toronto Dominion (TD): 2 011.75$
Cash: 299.05$

TOTAL: 105 116.02$

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): 3 124.40$
Dumont Nickel Inc. (DNI): 488.75$
Cash: 7.79$

TOTAL: 3 620.94$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 678.50$
Claymore Gold Bullion ETF (CGL): 4 177.68$
EnCana Corporation (ECA): 3 052$
Emera Incorporated (EMA): 6 684.70$
Cash: 87.06$

CIBC Dividend Growth Fund: 585.68$
CIBC Emerging Markets Index Fund: 408.29$
CIBC Monthly Income Fund: 1 112.73$

Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 251.85$
GIC Plus TD: 500$

TD Canadian Bond: 117.29$
TD Monthly Income: 115$
TD Emerging Markets: 85.31$
TD Energy: 102.73$
TD Precious Metals: 148.60$
TD Latin American Growth: 101.28$
TD Entertainment and Communications: 131.22$
TD Dividend Growth: 220.66$
TD U.S. Mid-Cap Growth: 125.49$

Maritime Life International Equity Fund
(Templeton): 680.75$
Manulife Simplicity Growth Portfolio: 948.41$
Maritime Life CI Harbour Seg Fund: 1 138.83$
Maritime Life Fidelity True North Seg Fund:
1 114.14$
Manulife GIF MLIA B World Invest: 661.09$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 578.06$
RBC U.S. Mid-Cap Equity Fund C$: 2 139.80$
RBC Global Resources Fund: 1 351.42$
RBC O'Shaughnessy International Equity Fund: 692.63$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 260.54$
RBC Global Precious Metals Fund: 1 072.16$

TOTAL: 41 164.14$

Social Capital at Desjardins Membership share
for 3 accounts: 40$

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(168.89$):
151 053.11$

Welcome to The Data Group Income Fund (DGI.UN), 600 units of DGI.UN in my portfolio

Many portfolio changes again today! I noticed that the price of PHS.U was up... so I decided to sell 300 units of Sprott Physical Silver Trust UTS (PHS.U) at 13.72$. Just the day before, I had purchased 400 units at 13.49$. This make a little profit of 69$, enough to cover the commissions on my latest stock transactions I guess. PHS.U is fun to hold, but it doesn't pay any dividend... After reading about Data Group Income Fund (DGI.UN), I found the company very great and I decided to invest in 600 units, at 6.66$ (not the exact price mention in previous post)... DGI.UN pay a good dividend and its seem to be a good hold for now.

I may sell some units of PHS.U again, but at this time, all those stocks trading exhausted me, in the sense that I don't have any time left to do anything else. I am very happy to only be working part-time at this time. Another advantage of working part-time only: Less money, less tax to pay...

With the recent changes made to my stock portfolio, I am now at 7 149.97$ in dividend income outside the RRSP (equivalent of 595.83$). Of course, I am looking forward to increase my dividend income. Having a dividend income can be kind of tricky because it can be dangerous to ONLY focus on the dividend income, and forgive about the importance of diversification. I could easily reach the 8 400$ (that being the equivalent of a 700$ per month) in dividend income, but that would just increase the level of risk I am taking.

Example: I could invest more in Superior Plus Corporation (SPB) who provided investor a dividend yield of more than 13%. I already hold 200 stocks in SPB and, from my point of view, it's enough. I read on forums some investors comments saying that they would invest in SPB if the company would be paying a reasonable yield. Because for some investors, a very high yield is a stay away alert... But that make sense in a certain way.

I promised you a new dividend payer company, and here it is: Westshore Terminals Investment Corporation (WTE.UN). Its been shared by a reader who told me that the company is hold by one of the richest man in Canada. My first reading gave me the impression that WTE.UN is an important company in Canada, but I cannot say much more at this time.