Savings:
844.64$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 022.40$
Timminco (TIM): 132$
Blue Note Mining (BNT): 42$
Bank of Nova Scotia (BNS): 5 336.04$
Hanwei Energy Services (HE): 123$
Methanex Corporation (MX): 2 228.92$
Fortis (FTS): 2 706.90$
Pembina Pipeline Income Fund (PIF.UN):
7 463.04$
Just Energy Income Fund (JE.UN): 9 393.35$
Yellow Pages Income Fund (YLO.UN):
2 739.99$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 549$
Pengrowth Energy Trust (PGF.UN): 1 107.70$
Enbridge Income Fund (ENF.UN): 4 235$
Corby Distilleries Limited (CDL.A): 1 557$
Davis + Henderson Income Fund (DHF.UN):
1 676$
Premium Brands Holdings Corporation (PBH):
2 494$
Cash: 9.88$
TOTAL: 45 816.22$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 646.17$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 012$
Sprott Canadian Equity Fund:
5 215.55$
Dumont Nickel Inc. (DNI): 345$
Cash: 32.49$
TOTAL: 10 251.21$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 180$
EnCana Corporation (ECA): 3 160$
Emera Incorporated (EMA): 4 710$
Cash: 259.21$
CIBC Dividend Growth Fund: 492.70$
CIBC Emerging Markets Index Fund: 438.58$
CIBC Monthly Income Fund: 996.62$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.79$
TD Monthly Income: 103.78$
TD Emerging Markets: 76.33$
TD Energy: 78.36$
TD Precious Metals: 109.50$
TD Latin American Growth: 86.59$
TD Entertainment & Communications: 101.63$
TD Dividend Growth: 195.41$
TD U.S. Mid-Cap Growth: 98.90$
Maritime Life International Equity Fund
(Templeton): 580.76$
Manulife Simplicity Growth Portfolio: 831.57$
Maritime Life CI Harbour Seg Fund: 974.85$
Maritime Life Fidelity True North Seg Fund: 945.24$
Maritime Life Trimark Europlus Seg Fund: 554.43$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 500.84$
RBC U.S. Mid-Cap Equity Fund C$: 1 760.05$
RBC Global Resources Fund: 860.96$
RBC O’Shaughnessy International Equity Fund:
545.24$
RBC O’Shaughnessy All-Canadian Equity
Fund: 992.97$
GIC Canadian Market: 1 000$
TOTAL: 28 734.21$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(24.87$):
85 711.15$
[In date of May 7, 2010]
Monday, May 10, 2010
Sunday, May 9, 2010
TFSA and RSP: the contribution in kind of Gordon Pape
I had read many times Gordon Pape books. They contain many great information and its sometimes difficult to keep all the pieces in head. As I use to read and re-read Derek Foster books from time to time, I guess I will have to do the same thing with Gordon Pape books. Why? Because Gordon Pape answers my questions regarding transfer of non registered assets into TFSA assets. I had read his book about TFSA, but I can of forgive about the contribution in kind. Or I might have it in mind and it wasn’t perfectly clear in my head.
Anyhow, I also add here the RSP because the exact same scheme applies. In 2010, I engage myself in a RSP credit line at TD Canada Trust. For my tax declaration of 2010, I have a bit more than 7 000$ I can invest for my RSP. For that next RSP investment, I will do what Gordon Pape explains as being a « contribution in kind ».
In January 2010, I transferred my 4 980.98$ Sprott Canadian Equity Fund non registered investment into my TFSA. When I blog about what I had did, I was told I had done a mistake by one of my reader. But from my point of view, what I did wasn’t a mistake. Here’s the why. Back in 2008, I had invested 7 033.50$ in the Sprott Canadian Equity Fund. In early 2010, the same investment in the Sprott Canadian Equity Fund worth 4 980.98$. In January 2010, I transferred the exact same investment into the TFSA. So why this should be considered a mistake?
When doing a contribution in kind to a TFSA or a RSP, no capital loss can be declared. In this case, my initial investment in Sprott Canadian Equity Fund worthed 7 033.50$. In 2010, the same investment only worth 4 980.98$. This represent a capital loss of 2052.52$ that cannot be declared for taxes purposes. This is my mistake.
According to Gordon Pape, in order to be eligible for capital loss, an individual have to sell outside the RSP or TFSA than get the money transferred into the RSP and TFSA and than re-invested the money in the same investment if wanted. Actually, once the money is being re-invested into the RSP or TFSA, it doesn’t matter if you reinvested the money in the same product. Remember: it’s your money and you can do whatever you want with it!
As for my part, reclaiming a capital loss never cross my mind because for me, it was cleared that the Sprott Canadian Equity Fund was going to increase in value over time. On date of May 7, 2010, my investment in the Sprott Canadian Equity Fund worth 5215.55$, which represent a gain of 234.57$ compare to January 2010.
The reason why I wanted to transferred my Sprott Canadian Equity Fund into the TFSA its because first, I wanted to invest something into my 2010 TFSA contribution and secondly, I wanted my gain that will be made with the sell of Sprott Canadian Equity Fund to be free of taxes. Of course, we are talking here about a long term investment. I have a lot of time in my hand, I don’t mind waiting 2 years if needed before selling the Sprott Canadian Equity Fund in order to make a profit out of it. But when time will come, the profit will be free of taxes. That was the idea behind my transferred of Sprott Canadian Equity Fund into my TFSA.
With contribution in kind, if capital loss cannot be declared for taxes benefit, you absolutely have to declare capital gain, even if you don’t sell the investment, even if its only the question of a transferred from non registered to a registered account (TFSA or RSP). That’s kind of tricky and government just playing a very foolish game with investors. But I guess the reason why taxes had to be declared on capital gain on the money being transferred is because the money being transferred grow free of taxes. So if money had been made before the transferred being made, you can imagine, the government wants to get a bite of what you had made in profit.
We could make the following summary:
Capital loss: CANNOT be declared. Must sell the investment outside the TFSA before transferring the money (it cannot be the investment itself if you want to declared capital loss) into the TFSA.
Capital gain: MUST be declared.
Very easy to understand isn’t? I am glade I went thought this now because later on I will have to invest for my RSP and its going to be a contribution in kind. And a contribution in kind of course mean when you take non registered investment and transfer that investment into RSP or TFSA. Pretty easy once you understand.
And of course, you understand that what I had written in this post is my very own interpretation of Gordon Pape explanation of contribution in kind for TFSA that also applied for RSP. For the accurate information, you can read pages 20 and 21 of the Ultimate Tax Free Savings Account Guide of Gordon Pape latest edition and, if not, read the whole book, plenty, several, multiple times as required by your brain. :)
Anyhow, I also add here the RSP because the exact same scheme applies. In 2010, I engage myself in a RSP credit line at TD Canada Trust. For my tax declaration of 2010, I have a bit more than 7 000$ I can invest for my RSP. For that next RSP investment, I will do what Gordon Pape explains as being a « contribution in kind ».
In January 2010, I transferred my 4 980.98$ Sprott Canadian Equity Fund non registered investment into my TFSA. When I blog about what I had did, I was told I had done a mistake by one of my reader. But from my point of view, what I did wasn’t a mistake. Here’s the why. Back in 2008, I had invested 7 033.50$ in the Sprott Canadian Equity Fund. In early 2010, the same investment in the Sprott Canadian Equity Fund worth 4 980.98$. In January 2010, I transferred the exact same investment into the TFSA. So why this should be considered a mistake?
When doing a contribution in kind to a TFSA or a RSP, no capital loss can be declared. In this case, my initial investment in Sprott Canadian Equity Fund worthed 7 033.50$. In 2010, the same investment only worth 4 980.98$. This represent a capital loss of 2052.52$ that cannot be declared for taxes purposes. This is my mistake.
According to Gordon Pape, in order to be eligible for capital loss, an individual have to sell outside the RSP or TFSA than get the money transferred into the RSP and TFSA and than re-invested the money in the same investment if wanted. Actually, once the money is being re-invested into the RSP or TFSA, it doesn’t matter if you reinvested the money in the same product. Remember: it’s your money and you can do whatever you want with it!
As for my part, reclaiming a capital loss never cross my mind because for me, it was cleared that the Sprott Canadian Equity Fund was going to increase in value over time. On date of May 7, 2010, my investment in the Sprott Canadian Equity Fund worth 5215.55$, which represent a gain of 234.57$ compare to January 2010.
The reason why I wanted to transferred my Sprott Canadian Equity Fund into the TFSA its because first, I wanted to invest something into my 2010 TFSA contribution and secondly, I wanted my gain that will be made with the sell of Sprott Canadian Equity Fund to be free of taxes. Of course, we are talking here about a long term investment. I have a lot of time in my hand, I don’t mind waiting 2 years if needed before selling the Sprott Canadian Equity Fund in order to make a profit out of it. But when time will come, the profit will be free of taxes. That was the idea behind my transferred of Sprott Canadian Equity Fund into my TFSA.
With contribution in kind, if capital loss cannot be declared for taxes benefit, you absolutely have to declare capital gain, even if you don’t sell the investment, even if its only the question of a transferred from non registered to a registered account (TFSA or RSP). That’s kind of tricky and government just playing a very foolish game with investors. But I guess the reason why taxes had to be declared on capital gain on the money being transferred is because the money being transferred grow free of taxes. So if money had been made before the transferred being made, you can imagine, the government wants to get a bite of what you had made in profit.
We could make the following summary:
Capital loss: CANNOT be declared. Must sell the investment outside the TFSA before transferring the money (it cannot be the investment itself if you want to declared capital loss) into the TFSA.
Capital gain: MUST be declared.
Very easy to understand isn’t? I am glade I went thought this now because later on I will have to invest for my RSP and its going to be a contribution in kind. And a contribution in kind of course mean when you take non registered investment and transfer that investment into RSP or TFSA. Pretty easy once you understand.
And of course, you understand that what I had written in this post is my very own interpretation of Gordon Pape explanation of contribution in kind for TFSA that also applied for RSP. For the accurate information, you can read pages 20 and 21 of the Ultimate Tax Free Savings Account Guide of Gordon Pape latest edition and, if not, read the whole book, plenty, several, multiple times as required by your brain. :)
How I lost near 3 000$ in one day of trading or my investment portfolio after the Dark Friday
Many things had changed between May 1 and May 7, 2010. Back on May 1, 2010, my investment portfolio was at 88 632.24$. On date of May 7, 2010, the same portfolio was at 85 711.15$. This represent a lost of 2 921.19$. I was very curious to find out how much I had lost. In my mind, it was clear I was loosing around 2 000$ to 3 000$. It happen that I am very close to the 3 000$ in money lost. But its not really money lost because I didn’t sell anything. It’s more about taking a taste of the market volatibility. And I hate that taste lol.
Should I stay away from the stock market? My answer is no. Greece debt and other European problems had resulted on a Dark Friday this late May 7, 2010. I don’t know exactly what caused the crash, if it’s the result of investors selling their stocks and units but from my part, I can handle those looses, in the sense it won’t make me sell my stocks and units. Not to forget that earlier in April, my portfolio had reached over 89 000$. The market will eventually recover. I am just very curious on how it will turn out this upcoming Monday. In those recession times, the stock market can be a very scary place to me. But for myself, its too late, I just want to be there and whatever happens, I will just follow the flow. Even if the worst could be ahead, I cannot imagine myself selling my investment portfolio. What would I be doing with all of the cash anyway? My life would lost all of its excitement, no more money lost, no more gains, no more dividend. Stock market is a nice way to spice up your life. And at this time, the market is kind of hot.
My best advice will be: Invest if you don’t mind about the risk. If you are scare about loosing money in the stock market, simply do not invest in stocks and units. Because yes, the stock market is volatile and guesses what, it’s not even over yet.
I still plan to make another investment in June. I was thinking about Corby Distilleries Limited (CDL.A), but I have to say, I am quite tempted by 200 units of Just Energy Income Fund (JE.UN). But in those recession time, its better to diversify so I just plan to follow what I had already plan and purchase 100 stocks of CDL.A. June seem to be so far away! I have 844.64$ save in cash for my next investment. Just very excited. I learn more lately about contribution in kind to a RSP and TFSA and my discovery will be the topic of my next post.
Should I stay away from the stock market? My answer is no. Greece debt and other European problems had resulted on a Dark Friday this late May 7, 2010. I don’t know exactly what caused the crash, if it’s the result of investors selling their stocks and units but from my part, I can handle those looses, in the sense it won’t make me sell my stocks and units. Not to forget that earlier in April, my portfolio had reached over 89 000$. The market will eventually recover. I am just very curious on how it will turn out this upcoming Monday. In those recession times, the stock market can be a very scary place to me. But for myself, its too late, I just want to be there and whatever happens, I will just follow the flow. Even if the worst could be ahead, I cannot imagine myself selling my investment portfolio. What would I be doing with all of the cash anyway? My life would lost all of its excitement, no more money lost, no more gains, no more dividend. Stock market is a nice way to spice up your life. And at this time, the market is kind of hot.
My best advice will be: Invest if you don’t mind about the risk. If you are scare about loosing money in the stock market, simply do not invest in stocks and units. Because yes, the stock market is volatile and guesses what, it’s not even over yet.
I still plan to make another investment in June. I was thinking about Corby Distilleries Limited (CDL.A), but I have to say, I am quite tempted by 200 units of Just Energy Income Fund (JE.UN). But in those recession time, its better to diversify so I just plan to follow what I had already plan and purchase 100 stocks of CDL.A. June seem to be so far away! I have 844.64$ save in cash for my next investment. Just very excited. I learn more lately about contribution in kind to a RSP and TFSA and my discovery will be the topic of my next post.
Saturday, May 8, 2010
My investment portfolio in date of May 1, 2010
Savings:
600$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 109.44$
Timminco (TIM): 162$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 436.90$
Hanwei Energy Services (HE): 147$
Methanex Corporation (MX): 2 433.89$
Fortis (FTS): 2 945.25$
Pembina Pipeline Income Fund (PIF.UN):
7 596.16$
Just Energy Income Fund (JE.UN): 9 670.32$
Yellow Pages Income Fund (YLO.UN):
2 975.97$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 536$
Pengrowth Energy Trust (PGF.UN): 1 234.90$
Enbridge Income Fund (ENF.UN): 3 997.84$
Corby Distilleries Limited (CDL.A): 1 575$
Davis + Henderson Income Fund (DHF.UN):
1 813$
Premium Brands Holdings Corporation (PBH):
2 740$
Cash: 142.81$
TOTAL: 47 562.48$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 799.85$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 160$
Sprott Canadian Equity Fund: 5 411.11$
Dumont Nickel Inc. (DNI): 460$
Cash: 32.49$
TOTAL: 10 863.45$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 126$
EnCana Corporation (ECA): 3 360$
Emera Incorporated (EMA): 4 732$
Cash: 259.21$
CIBC Dividend Growth Fund: 511.97$
CIBC Emerging Markets Index Fund: 464.61$
CIBC Monthly Income Fund: 1 023.32$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.19$
TD Monthly Income: 106.52$
TD Emerging Markets: 81.48$
TD Energy: 85.13$
TD Precious Metals: 113.45$
TD Latin American Growth: 94.31$
TD Entertainment & Communications: 108.59$
TD Dividend Growth: 202.82$
TD U.S. Mid-Cap Growth: 104.39$
Maritime Life International Equity Fund
(Templeton): 631.56$
Manulife Simplicity Growth Portfolio: 864.74$
Maritime Life CI Harbour Seg Fund: 1 022.47$
Maritime Life Fidelity True North Seg Fund: 985.39$
Maritime Life Trimark Europlus Seg Fund: 588.51$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 519.58$
RBC U.S. Mid-Cap Equity Fund C$: 1 880.13$
RBC Global Resources Fund: 938.50$
RBC O’Shaughnessy International Equity Fund:
596.53$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 047.92$
GIC Canadian Market: 1 000$
TOTAL: 29 548.22$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(18.19$):
88 632.34$
[In date of May 1, 2010]
600$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 109.44$
Timminco (TIM): 162$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 436.90$
Hanwei Energy Services (HE): 147$
Methanex Corporation (MX): 2 433.89$
Fortis (FTS): 2 945.25$
Pembina Pipeline Income Fund (PIF.UN):
7 596.16$
Just Energy Income Fund (JE.UN): 9 670.32$
Yellow Pages Income Fund (YLO.UN):
2 975.97$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 536$
Pengrowth Energy Trust (PGF.UN): 1 234.90$
Enbridge Income Fund (ENF.UN): 3 997.84$
Corby Distilleries Limited (CDL.A): 1 575$
Davis + Henderson Income Fund (DHF.UN):
1 813$
Premium Brands Holdings Corporation (PBH):
2 740$
Cash: 142.81$
TOTAL: 47 562.48$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 799.85$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 160$
Sprott Canadian Equity Fund: 5 411.11$
Dumont Nickel Inc. (DNI): 460$
Cash: 32.49$
TOTAL: 10 863.45$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 126$
EnCana Corporation (ECA): 3 360$
Emera Incorporated (EMA): 4 732$
Cash: 259.21$
CIBC Dividend Growth Fund: 511.97$
CIBC Emerging Markets Index Fund: 464.61$
CIBC Monthly Income Fund: 1 023.32$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 113.19$
TD Monthly Income: 106.52$
TD Emerging Markets: 81.48$
TD Energy: 85.13$
TD Precious Metals: 113.45$
TD Latin American Growth: 94.31$
TD Entertainment & Communications: 108.59$
TD Dividend Growth: 202.82$
TD U.S. Mid-Cap Growth: 104.39$
Maritime Life International Equity Fund
(Templeton): 631.56$
Manulife Simplicity Growth Portfolio: 864.74$
Maritime Life CI Harbour Seg Fund: 1 022.47$
Maritime Life Fidelity True North Seg Fund: 985.39$
Maritime Life Trimark Europlus Seg Fund: 588.51$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 519.58$
RBC U.S. Mid-Cap Equity Fund C$: 1 880.13$
RBC Global Resources Fund: 938.50$
RBC O’Shaughnessy International Equity Fund:
596.53$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 047.92$
GIC Canadian Market: 1 000$
TOTAL: 29 548.22$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(18.19$):
88 632.34$
[In date of May 1, 2010]
Friday, May 7, 2010
OUTCH! The European recession is hurting my porfolio
I lost near to 2 000$ in my non registered portfolio. Overall, I may had lost 2 000-2 500$ or close to 3 000$, but I didn’t calculate the current value of my everything because my everything is everything but not short. I am not a minimalist investor, let’s say. I love to accumulate, accumulate, both investments and debts.
Ok, so in result of the European crisis, I might had lost around 3 000$. But it’s not like my portfolio had lost a third or a half of its value. I can easily support loses like this one. I had experiment the market volatibility before and each time, I recover. From my point of view, my portfolio can go through another economic break down without too much trouble. It’s just kind of sad because with my mutual fund investments, I had just begin to recover from the 2008 loses. And now, I guess the gain had been lost. I am confident the market will go up again. What we had live with the US-Canada recession was as worst as what’s happening now in Greece and other European countries. I am still looking forward to invest in 100 extra stocks of CDL.A in June. I just cannot wait!
Also, in late May, I will receive the money for a GIC that I hold in my RSP portfolio. I will get the money transferred into my RSP broker account and I may purchase an ETF. I am quite tempt to invest more in the Claymore Gold Bullion ETF (CGL). I had been very satisfied with my Claymore Gold Bullion. And what better place to hold gold anyway other place than in a RSP?
Ok, so in result of the European crisis, I might had lost around 3 000$. But it’s not like my portfolio had lost a third or a half of its value. I can easily support loses like this one. I had experiment the market volatibility before and each time, I recover. From my point of view, my portfolio can go through another economic break down without too much trouble. It’s just kind of sad because with my mutual fund investments, I had just begin to recover from the 2008 loses. And now, I guess the gain had been lost. I am confident the market will go up again. What we had live with the US-Canada recession was as worst as what’s happening now in Greece and other European countries. I am still looking forward to invest in 100 extra stocks of CDL.A in June. I just cannot wait!
Also, in late May, I will receive the money for a GIC that I hold in my RSP portfolio. I will get the money transferred into my RSP broker account and I may purchase an ETF. I am quite tempt to invest more in the Claymore Gold Bullion ETF (CGL). I had been very satisfied with my Claymore Gold Bullion. And what better place to hold gold anyway other place than in a RSP?
Thursday, May 6, 2010
CIBC Visa is the best!
Yesterday, I was very upset at CIBC Visa and you know, those frustrations had to come out one way or the other. The rep I talked to last time told me that my 3.9% special interest rate on my remaining balance of 1 283.63$ was ending today, May 6, while it should had end on September 6. I didn’t have time to argue with the rep at that time and I also wanted to make sure I wasn’t making a mistake on my side. I wanted to review my transfers and see exactly what had been done. Lately, I had been quite busy so passing time on such things really annoyed me. You could ask me, what are you doing, what are you so busy at? I am busy at living first, at working everyday, not to mention that each day involve 1.5-2 hours of walking every single day now that I do not own a metro pass. It’s been almost a week now without a metro pass and I kind of enjoy walking around, especially with the wind, I just like Montreal wind, a nice flair one. And I am also busy at trying to make money online and following the stock market and my sensational investments. That’s what I am busy at.
Anyhow, I call back CIBC Visa today and it appears that I was right! I went gently with the rep without screaming – lol – I was put on hold while verification was made. And after I was told that everything was fine, that I was going to have the 3.9% on the 1 283.63$ balance left until September 6. I was so happy that I told the girl I would wrote a note on her behalf. And of course I will. So I am pretty thankful for CIBC Visa to have fixed my problem.
I never had any issues with CIBC. I am grateful to have some investments with CIBC and a credit card. So this problem had been fixed. I am very happy now because my projects are taking form. I do not really want to begin paying off debts until I reach 100 000$ in assets. That’s really all. It could be seen as a non-sense for some people but for me, it all make sense. The TSX might be under the 12 000 points now, but it doesn’t change anything in my projects. The lost of today at the market is actually a good sign and the opposite – gains – would had been an abnormal reaction to an abnormal situation that we are currently living with the Greece and other European countries. The market had a normal reaction to an abnormal situation and it’s a good sign. The TSX is just following the market. And it’s more important than ever to have a diversified portfolio. It’s also a very good time to make some new investments if, of course, money is available. Which is currently not my case lol.
While most of my investments had lost in value today, one had gain: Claymore Gold Bullion ETF (CGL). Until today, Claymore Gold Bullion ETF (CGL) highest value was 10.79$. Today, Claymore Gold Bullion had been its own scored by reaching a fantastic 10.93$. This is exactly what happens in recession time: the price of gold increase. And Claymore Gold Bullion ETF (CGL) had just followed the market. Adding Claymore Gold Bullion to your portfolio can help to provide stability to your assets. The only problem being that this investment won’t bring any dividend in the house. That’s the price of stability, I guess.
And talking about dividend, I had received 51.45$ from Bank of Nova Scotia (BNS) and a very awesome 75.02$ from Just Energy Income Fund (JE.UN). I am now at 106 stocks of Bank of Nova Scotia (BNS) and 731 units of Just Energy. Regarding JE.UN, I would very much like to reach the 1 000 in units of Just Energy Income Fund (JE.UN). But as for now, my goal is to invest in 100 stocks of Corby Distilleries Limited (CDL.A). Corby Distilleries Limited (CDL.A) close the day at 15.60$. Since I own CDL.A, I never saw the stock price going under the 15$ per stock. Corby Distilleries alcohol is as pure as gold: Corby Distilleries will continue to bring great stability to my portfolio just like, Claymore Gold Bullion ETF (CGL).
In those tough times, I greatly need stability, especially after seeing Just Energy Income Fund (JE.UN) falling to 13$ per stock. Currently, my non registered portfolio is under the 47 000$. This is of course very sad, but the market will go up again. Just Energy (JE.UN) had made a great acquisition in the US and its unit value will go up again. Energy stocks can be quite volatile and sensible to the market condition. The market condition may affect JE.UN value at the TSX, but it won’t affect JE.UN dividend. My dream would be to own 1 000 units of JE.UN. This is quite realizable knowing I already own 731 units. The DRIP system is really fantastic. Earning one more stock of Bank of Scotia (BNS) through the DRIP system could be seem as being nothing at all, but it is not, especially knowing that 1 new stock bring 1.99$ extra in dividend income. When a company close or suspend its DRIP, like Premium Brands Holdings Corporation (PBH) and Pembina Pipeline Income Fund (PIF.UN), its all the hope for a better portfolio that disappear, even if its mean earning 1 or 5 stocks or units less per distribution period. But not having the DRIP is not the end of the world. It’s actually quite pleasant to have some extra cash available to do whatever you want with it. You can do whatever you want with the dividend earn because it is YOUR money. Is there any better thing in the world than earning dividend?
With my newest dividend earning, I just exceed the 1 000$ in dividend for 2010. I am currently at 1 123.49$ in dividend passive income for 2010. After 2 years investing in stocks and units, I become a better investor. So far for 2010, nothing major but I can say proudly that I didn’t make any investment mistakes. I do things the way I want and so far, I am satisfied with the results. I always told myself that if the losses would became too significant, that I would stopped investing but so far, I recover from losses and I am confident that my portfolio situation will just get better over time. Guess I am still too much confident in myself even after being laid off of BMO Bank of Montreal.
I am that of a monster :)
Anyhow, I call back CIBC Visa today and it appears that I was right! I went gently with the rep without screaming – lol – I was put on hold while verification was made. And after I was told that everything was fine, that I was going to have the 3.9% on the 1 283.63$ balance left until September 6. I was so happy that I told the girl I would wrote a note on her behalf. And of course I will. So I am pretty thankful for CIBC Visa to have fixed my problem.
I never had any issues with CIBC. I am grateful to have some investments with CIBC and a credit card. So this problem had been fixed. I am very happy now because my projects are taking form. I do not really want to begin paying off debts until I reach 100 000$ in assets. That’s really all. It could be seen as a non-sense for some people but for me, it all make sense. The TSX might be under the 12 000 points now, but it doesn’t change anything in my projects. The lost of today at the market is actually a good sign and the opposite – gains – would had been an abnormal reaction to an abnormal situation that we are currently living with the Greece and other European countries. The market had a normal reaction to an abnormal situation and it’s a good sign. The TSX is just following the market. And it’s more important than ever to have a diversified portfolio. It’s also a very good time to make some new investments if, of course, money is available. Which is currently not my case lol.
While most of my investments had lost in value today, one had gain: Claymore Gold Bullion ETF (CGL). Until today, Claymore Gold Bullion ETF (CGL) highest value was 10.79$. Today, Claymore Gold Bullion had been its own scored by reaching a fantastic 10.93$. This is exactly what happens in recession time: the price of gold increase. And Claymore Gold Bullion ETF (CGL) had just followed the market. Adding Claymore Gold Bullion to your portfolio can help to provide stability to your assets. The only problem being that this investment won’t bring any dividend in the house. That’s the price of stability, I guess.
And talking about dividend, I had received 51.45$ from Bank of Nova Scotia (BNS) and a very awesome 75.02$ from Just Energy Income Fund (JE.UN). I am now at 106 stocks of Bank of Nova Scotia (BNS) and 731 units of Just Energy. Regarding JE.UN, I would very much like to reach the 1 000 in units of Just Energy Income Fund (JE.UN). But as for now, my goal is to invest in 100 stocks of Corby Distilleries Limited (CDL.A). Corby Distilleries Limited (CDL.A) close the day at 15.60$. Since I own CDL.A, I never saw the stock price going under the 15$ per stock. Corby Distilleries alcohol is as pure as gold: Corby Distilleries will continue to bring great stability to my portfolio just like, Claymore Gold Bullion ETF (CGL).
In those tough times, I greatly need stability, especially after seeing Just Energy Income Fund (JE.UN) falling to 13$ per stock. Currently, my non registered portfolio is under the 47 000$. This is of course very sad, but the market will go up again. Just Energy (JE.UN) had made a great acquisition in the US and its unit value will go up again. Energy stocks can be quite volatile and sensible to the market condition. The market condition may affect JE.UN value at the TSX, but it won’t affect JE.UN dividend. My dream would be to own 1 000 units of JE.UN. This is quite realizable knowing I already own 731 units. The DRIP system is really fantastic. Earning one more stock of Bank of Scotia (BNS) through the DRIP system could be seem as being nothing at all, but it is not, especially knowing that 1 new stock bring 1.99$ extra in dividend income. When a company close or suspend its DRIP, like Premium Brands Holdings Corporation (PBH) and Pembina Pipeline Income Fund (PIF.UN), its all the hope for a better portfolio that disappear, even if its mean earning 1 or 5 stocks or units less per distribution period. But not having the DRIP is not the end of the world. It’s actually quite pleasant to have some extra cash available to do whatever you want with it. You can do whatever you want with the dividend earn because it is YOUR money. Is there any better thing in the world than earning dividend?
With my newest dividend earning, I just exceed the 1 000$ in dividend for 2010. I am currently at 1 123.49$ in dividend passive income for 2010. After 2 years investing in stocks and units, I become a better investor. So far for 2010, nothing major but I can say proudly that I didn’t make any investment mistakes. I do things the way I want and so far, I am satisfied with the results. I always told myself that if the losses would became too significant, that I would stopped investing but so far, I recover from losses and I am confident that my portfolio situation will just get better over time. Guess I am still too much confident in myself even after being laid off of BMO Bank of Montreal.
I am that of a monster :)
Wednesday, May 5, 2010
The story behind my 1 283.63$ credit card debt: example of a credit card balance transfer that turned wrong... because of CIBC Visa
I am credit card balance fanatic. I like this system because its allow me to borrow money at a smaller interest rate. I am receiving credit card balance transfer on a regular basis and so far, once one is close to the term date, I am receiving another offer from another credit card that I hold. So I had been « playing ping-pong » as I like to call it, quite often in 2009&2010. Everything went perfectly well until recently.
Once of my credit card balance transfer offer is ending on May 6… which is tomorrow. But it shouldn’t be the case. Here’s the story behind my 1 283.63$ debt at a promotional rate of 3.9% that is ending tomorrow.
A couple of months ago, I had received this incredible offer coming from CIBC Visa: 3.9% interest rate on a credit card balance transfer! WOW! Of course, I wanted to benefit from this offer to invest more. And I did. That’s how today I own 726 units of Just Energy Income Fund (JE.UN).
I proceed with 2 different transfers:
-First one of 2 854.31$. The 3.9% interest rate offer ending on May 6, 2010.
-Second one of 1 404.19$. The 3.9% interest rate ending on September 6, 2010.
At that point, nothing wrong.
Recently, I had received an offer from TD Visa, a 4.9% interest rate valid for 6 months! Great! So I wouldn’t have to sell my investment to pay off the amount due! Yeah! I am sometimes very lucky like that.
Of course, I ask for a credit card balance limit increase for my TD Visa. My limit had been increased as I wanted (or I was going to cancel everything, that’s exactly what I told the guy lol). PERFECTO. So I proceed to a credit card balance transfer from CIBC Visa to TD Visa for an amount of 3 000$ at a 4.9% interest rate valid until September or something like it 2010.
Here again, nothing wrong.
But…….
Earlier this week, I gave CIBC Visa a call, asking how much I had in balance left and my interest rate. I just wanted to confirm the interest rate, right. That’s when I was told that my interest rate at 3.5% was ending on May 6, 2010. But previously before, I had made a call, speaking to a representative and she confirmed me I was going to be good for a 3.9% interest rate until September 6, 2010… Like I explain to her what I wanted to do, and she confirmed it was going to be ok. But the guy to who I spoke to earlier this week told me that the 3.9% interest rate was ending on May 6. WRONG! Scandalously wrong!
So what’s going to happen?
I am going to call CIBC Visa asking them to correct their mistake. If not, I am never going to deal with them again. DONE. GAME OVER. And if they don’t want to, I am going to ask to speak to a supervisor because I had received the confirmation from a representative that I was going to have the 3.9% interest rate on the amount left… They just have to listen to the call.
No way I am going to begin to pay off debt. It’s so not me. I am waiting for a good paycheck this evening at midnight because I might have received some commissions. That money is going to be use on the purchase of 100 stocks of CDL.A. It will certainly not be use to pay off debt. It’s not CIBC Visa who’s going to ruin my everything. Those banks really need to learn how to respect people! I am just hoping that CIBC is not following BMO Bank of Montreal footsteps. Like you know, a bank turning into a ghetto scheme or something like that.
Once of my credit card balance transfer offer is ending on May 6… which is tomorrow. But it shouldn’t be the case. Here’s the story behind my 1 283.63$ debt at a promotional rate of 3.9% that is ending tomorrow.
A couple of months ago, I had received this incredible offer coming from CIBC Visa: 3.9% interest rate on a credit card balance transfer! WOW! Of course, I wanted to benefit from this offer to invest more. And I did. That’s how today I own 726 units of Just Energy Income Fund (JE.UN).
I proceed with 2 different transfers:
-First one of 2 854.31$. The 3.9% interest rate offer ending on May 6, 2010.
-Second one of 1 404.19$. The 3.9% interest rate ending on September 6, 2010.
At that point, nothing wrong.
Recently, I had received an offer from TD Visa, a 4.9% interest rate valid for 6 months! Great! So I wouldn’t have to sell my investment to pay off the amount due! Yeah! I am sometimes very lucky like that.
Of course, I ask for a credit card balance limit increase for my TD Visa. My limit had been increased as I wanted (or I was going to cancel everything, that’s exactly what I told the guy lol). PERFECTO. So I proceed to a credit card balance transfer from CIBC Visa to TD Visa for an amount of 3 000$ at a 4.9% interest rate valid until September or something like it 2010.
Here again, nothing wrong.
But…….
Earlier this week, I gave CIBC Visa a call, asking how much I had in balance left and my interest rate. I just wanted to confirm the interest rate, right. That’s when I was told that my interest rate at 3.5% was ending on May 6, 2010. But previously before, I had made a call, speaking to a representative and she confirmed me I was going to be good for a 3.9% interest rate until September 6, 2010… Like I explain to her what I wanted to do, and she confirmed it was going to be ok. But the guy to who I spoke to earlier this week told me that the 3.9% interest rate was ending on May 6. WRONG! Scandalously wrong!
So what’s going to happen?
I am going to call CIBC Visa asking them to correct their mistake. If not, I am never going to deal with them again. DONE. GAME OVER. And if they don’t want to, I am going to ask to speak to a supervisor because I had received the confirmation from a representative that I was going to have the 3.9% interest rate on the amount left… They just have to listen to the call.
No way I am going to begin to pay off debt. It’s so not me. I am waiting for a good paycheck this evening at midnight because I might have received some commissions. That money is going to be use on the purchase of 100 stocks of CDL.A. It will certainly not be use to pay off debt. It’s not CIBC Visa who’s going to ruin my everything. Those banks really need to learn how to respect people! I am just hoping that CIBC is not following BMO Bank of Montreal footsteps. Like you know, a bank turning into a ghetto scheme or something like that.
Monday, May 3, 2010
My debt situation on date of May 3, 2010
Credit line 1: 10 000$ at 4.75%
Student loan debt: 8 309.46$ at 4.75%
Credit card 1: 8 001.66 at 4.9% for 6 months (until October 2010)
Credit line 2: 5 000$ at 3.5%
Credit line 3: 4 880.89$ at 8%
Credit card 2: 1 283.63$ at 3.9% ending… on May 6, 2010!
TOTAL: 37 475.64$
Dealing with credit card balance transfer can be kind of… confusing. One of my credit card balance transfer offer is ending… on May 6, 2010. I taught I would have until the end of the month to figure out something…. But not, after verification with CIBC Visa… Oups!
It’s my mistake but no problem. I currently hold more than 37 000$ in debts. Time have come to pay off some debts, don’t you think so. I party hard with my money, made investment crazy and so. It was fun. But now I am looking to clear off the 1 283.63$ balance I hold on the credit card number 2. On May 6, I should be able to make a payment of 700$ on that debt. After what, I will only have left 583.63$ to pay. So it shouldn’t be too bad. I won’t be able to invest again in June just like I wanted. But in a way, paying off some debts is not a bad thing. In the upcoming months, a paying debt-investing-paying debt-investing scheme might turn out to be a better sequence than just investing-investing-investing and only paying the minimum on debt.
I had been paying the minimum on debt because the dividends I earn largely cover the interest gain on the money I borrowed. But I guess I am at the point where some debts need to be paid off.
First step is to pay off the 1 283.63$. After what, I will have to look after the 8 001.66$ at 4.9% that is ending on October 2010. What am I going to do?
Ok, I know, I previously say I was going to use margin to pay off debt at a cheaper interest rate. The interest rate for T D Waterhouse margin is 3.5%. 3.5% is a very low interest rate and seem very appealing at first. But margin is kind of complicated and I just don’t like margin at all. It would stress me too much to have to deal with margin. NOW I understand why Derek Foster suggested not to use margin. It’s too complicated stuff for small people like myself. Margin is mostly made for super-rich, those who can afford risk. I can’t. And margin is too complicated. Anyhow, at this time, I am not ready for margin. Not at all. Margin = frightening and scary! For now, I prefer to keep things simple.
So here’s the plan, I am going to pay off the 1 283.63$ credit card debt. Until September 2010, I will make the minimum payment on my debts. And by September, I am going to ask for a credit line. Where? I don’t know yet. But thing is, I cannot place my request now because my RSP credit line is recent from March 2010 and also, I just applied for the 3 000$ credit card limit increase at TD Visa. I cannot ask for too much credit at the same time either so I guess that waiting for 5 months before asking for any other credit is a good option, from my point of view. And if my credit line request is being decline than, I may turn to margin as only left alternative.
The 1.99% credit card balance transfer I received for one year is tempting, but its involve opening new credit card which, after the first year, will turn into the regular 19% or so interest rate… I don’t think it really worth it.
Today was my first day ever without my metro pass… and I survive to it! It was raining this morning but not that much. I guess I am about 40 minutes walking distance from work, not more. I don’t know for sure because I want pay my credit card and stuff among the way. And when I came back home the weather was just amazing. Walking on a daily basis will just make a lot of good to me. As much as paying off some debt.
Student loan debt: 8 309.46$ at 4.75%
Credit card 1: 8 001.66 at 4.9% for 6 months (until October 2010)
Credit line 2: 5 000$ at 3.5%
Credit line 3: 4 880.89$ at 8%
Credit card 2: 1 283.63$ at 3.9% ending… on May 6, 2010!
TOTAL: 37 475.64$
Dealing with credit card balance transfer can be kind of… confusing. One of my credit card balance transfer offer is ending… on May 6, 2010. I taught I would have until the end of the month to figure out something…. But not, after verification with CIBC Visa… Oups!
It’s my mistake but no problem. I currently hold more than 37 000$ in debts. Time have come to pay off some debts, don’t you think so. I party hard with my money, made investment crazy and so. It was fun. But now I am looking to clear off the 1 283.63$ balance I hold on the credit card number 2. On May 6, I should be able to make a payment of 700$ on that debt. After what, I will only have left 583.63$ to pay. So it shouldn’t be too bad. I won’t be able to invest again in June just like I wanted. But in a way, paying off some debts is not a bad thing. In the upcoming months, a paying debt-investing-paying debt-investing scheme might turn out to be a better sequence than just investing-investing-investing and only paying the minimum on debt.
I had been paying the minimum on debt because the dividends I earn largely cover the interest gain on the money I borrowed. But I guess I am at the point where some debts need to be paid off.
First step is to pay off the 1 283.63$. After what, I will have to look after the 8 001.66$ at 4.9% that is ending on October 2010. What am I going to do?
Ok, I know, I previously say I was going to use margin to pay off debt at a cheaper interest rate. The interest rate for T D Waterhouse margin is 3.5%. 3.5% is a very low interest rate and seem very appealing at first. But margin is kind of complicated and I just don’t like margin at all. It would stress me too much to have to deal with margin. NOW I understand why Derek Foster suggested not to use margin. It’s too complicated stuff for small people like myself. Margin is mostly made for super-rich, those who can afford risk. I can’t. And margin is too complicated. Anyhow, at this time, I am not ready for margin. Not at all. Margin = frightening and scary! For now, I prefer to keep things simple.
So here’s the plan, I am going to pay off the 1 283.63$ credit card debt. Until September 2010, I will make the minimum payment on my debts. And by September, I am going to ask for a credit line. Where? I don’t know yet. But thing is, I cannot place my request now because my RSP credit line is recent from March 2010 and also, I just applied for the 3 000$ credit card limit increase at TD Visa. I cannot ask for too much credit at the same time either so I guess that waiting for 5 months before asking for any other credit is a good option, from my point of view. And if my credit line request is being decline than, I may turn to margin as only left alternative.
The 1.99% credit card balance transfer I received for one year is tempting, but its involve opening new credit card which, after the first year, will turn into the regular 19% or so interest rate… I don’t think it really worth it.
Today was my first day ever without my metro pass… and I survive to it! It was raining this morning but not that much. I guess I am about 40 minutes walking distance from work, not more. I don’t know for sure because I want pay my credit card and stuff among the way. And when I came back home the weather was just amazing. Walking on a daily basis will just make a lot of good to me. As much as paying off some debt.
My debt situation on date of March 24, 2010
Student loan debt: 8 464$ at 4.75% =
402.04$ in annual interest
Credit line: 4 840$ at 3.5% =
169.40$ in annual interest
Credit line: 3 922.01$ at 8% =
313.76$ in annual interest
RSP Credit line: 10 000$ at 4.75% =
475$ in annual interest
Credit card balance transfer: 5 000$ at 4.9% =
245$ in annual interest
Credit card balance transfer: 4 359.02$ at 3.9% =
170$ in annual interest
Total of debts: 36 585.03$
Total in annual interest rate: 1 775.20$
[In date of March 24, 2010]
402.04$ in annual interest
Credit line: 4 840$ at 3.5% =
169.40$ in annual interest
Credit line: 3 922.01$ at 8% =
313.76$ in annual interest
RSP Credit line: 10 000$ at 4.75% =
475$ in annual interest
Credit card balance transfer: 5 000$ at 4.9% =
245$ in annual interest
Credit card balance transfer: 4 359.02$ at 3.9% =
170$ in annual interest
Total of debts: 36 585.03$
Total in annual interest rate: 1 775.20$
[In date of March 24, 2010]
Sunday, May 2, 2010
Michaëlle Jean: Governor General of Canada (2005-2010)
Michaëlle Jean may have done a great job as the Governor General of Canada, but she didn’t do anything extraordinary for the people and her time is now over. Time to pass on the crown to someone else and, if possible, to a real Canadian this time. I have nothing against Michaëlle Jean. But for me, Michaëlle Jean is not a real Canadian. Why? It have nothing to do with the color of her skin, which is, obviously black lol, it have nothing to do with the fact that she was born in Haiti. My definition of a “real Canadian” has nothing to do with ethnicity or from where you are coming from. I want a Governor General who never been closed to Quebec willingness to become a country. I want a Governor General of Canada who had strong believe in Canada and I want to have a Governor General of Canada who has no relations behind the idea of a sovereign Quebec.
When Michaëlle Jean shows up publicly with her husband, Jean-Daniel Lafond, I am feeling shame, disgust. Jean-Daniel Lafond is a French-born with basically no real Canadian cultural identity. I mean, Jean-Daniel Lafond had been part of the FLQ, a militant Quebec-separatist organization. No one who had deal with the FLQ from close or far should had a connection with the federal highest position. Michaëlle Jean should never have never been nominated as Governor General of Canada, knowing who’s her husband. Back in 2005, I was a young woman, I knew who was Jean-Daniel Lafond and I couldn’t believe Prime Minister Paul Martin was doing this to Canadians, selling the Governor General of Canada position to Quebeckers.
When the shame will stop for real Canadians? Can real Canadians just live happily with the proud of being Canadians without having to deal with some scandalous Quebeckers, just willing to bring terror and destruction to one of the best country of the world, if not the best one? One day, the circus will have to stop; Quebeckers will have to decide to go one way or the other. The question of who will be designed as new Governor General of Canada is a question of national identity. And Quebeckers are not good examples of that. I thing that Quebeckers should simply separate, create of country of their own and we’ll be done with it, done with the shame, done with exocentric measure to satisfy the one who will just never be satisfied because of their stupidity.
Look what happen in Canada history when a Quebeckers had become Canada Prime Minister. Jean Chrétien, Paul Martin, Brian Mulroney. All gangsters, poor nominees, just selfish blood suckers. And here I am naming just naming the most recent ones. When the shame will stop? New Brunswick gone pretty bad in health care when Bernard Lord was PM. And Bernard Lord was born… in Quebec province. I know about Bernard Lord and New Brunswick because I am myself a New Brunswicker. And a French one by the way.
Quebec leaders are weak, lazy, and Canadians deserve much more than what can Quebeckers can actually bring to them. Prime Minister Stephen Harper may not be perfect, but he’s doing the best as he can in a difficult economic situation and deserves the respect of all “real” Canadians. Not to forget that Stephen Harper had provide Quebeckers the “distinct society” title to Quebec, so the fools can feel special in a unite Canada that no Quebeckers, by the way, truly deserve, knowing for who they massively vote for. As long as political parties as Bloc Québécois for the federal, Parti Québécois and Québec Solidaire for the provincial will be active, there will be no place for communication between real Canadians and Quebeckers. There will only be place for shame. Other French Canadians do not need Quebec, see, we are all bilingual, or almost lol.
And talking about disgust, Michaëlle Jean should have never been nominated as Governor General of Canada, her husband being who he is. As Canadian, I want to be represented by a Governor General of Canada who’s a real Canadian, not a fake one. And I don’t care about the color of the skin or from the nativity. Canadians have the right to be honor and deserved to be represent by a pure patriotic, someone with honesty. And Canadians have now that chance.
When I read about Michael Ignatieff who, according to the press, “is urging the prime minister to extend Michaëlle Jean's term as Governor General when her five-year appointment expires in September”, the only thing I want to say to Michael Ignatieff is: NO WAY! I am happy to have found out who is the real Michael Ignatieff, a maniac who, just like Paul Martin, wants to collect Quebecker votes, another selfish one who want to sell the Governor General of Canada position for another 5 years to Quebeckers. Remember reading in the press that Michael Ignatieff had called Brian Mulroney for his birthday? Another bullshit to have some Quebec voters. And what about the proud? Brian Mulroney did what he did. I won’t even write about hit. I just hate Brian Mulroney. And just knowing he’s living somewhere in Westmount of Montreal just freak me more lol.
You know the shit, Michael Ignatieff just want to gain some Quebec voters. But who care about Quebeckers? They had been sooooooo unfaithful of the country, publicly voting massively for the Bloc Québécois, publicly declaring that they are a distinct society. Why do they feel so special by the way? At a point, the distinct society need to get out of the unite Canada. And no more fake Canadians as Governor General of Canada ever, no more Quebeckers in a unite Canada. Never again.
Paul Martin put a shame on the country by naming Michaëlle Jean as Governor General of Canada in 2005. Now that Paul Martin and the Liberals are no longer in control of this country, Canadians have the right to be represent correctly without lies, and with respect.
So I hope Michaëlle Jean will enjoy her last summer as Governor General of Canada. No more free trips, Michaëlle Jean.
When Michaëlle Jean shows up publicly with her husband, Jean-Daniel Lafond, I am feeling shame, disgust. Jean-Daniel Lafond is a French-born with basically no real Canadian cultural identity. I mean, Jean-Daniel Lafond had been part of the FLQ, a militant Quebec-separatist organization. No one who had deal with the FLQ from close or far should had a connection with the federal highest position. Michaëlle Jean should never have never been nominated as Governor General of Canada, knowing who’s her husband. Back in 2005, I was a young woman, I knew who was Jean-Daniel Lafond and I couldn’t believe Prime Minister Paul Martin was doing this to Canadians, selling the Governor General of Canada position to Quebeckers.
When the shame will stop for real Canadians? Can real Canadians just live happily with the proud of being Canadians without having to deal with some scandalous Quebeckers, just willing to bring terror and destruction to one of the best country of the world, if not the best one? One day, the circus will have to stop; Quebeckers will have to decide to go one way or the other. The question of who will be designed as new Governor General of Canada is a question of national identity. And Quebeckers are not good examples of that. I thing that Quebeckers should simply separate, create of country of their own and we’ll be done with it, done with the shame, done with exocentric measure to satisfy the one who will just never be satisfied because of their stupidity.
Look what happen in Canada history when a Quebeckers had become Canada Prime Minister. Jean Chrétien, Paul Martin, Brian Mulroney. All gangsters, poor nominees, just selfish blood suckers. And here I am naming just naming the most recent ones. When the shame will stop? New Brunswick gone pretty bad in health care when Bernard Lord was PM. And Bernard Lord was born… in Quebec province. I know about Bernard Lord and New Brunswick because I am myself a New Brunswicker. And a French one by the way.
Quebec leaders are weak, lazy, and Canadians deserve much more than what can Quebeckers can actually bring to them. Prime Minister Stephen Harper may not be perfect, but he’s doing the best as he can in a difficult economic situation and deserves the respect of all “real” Canadians. Not to forget that Stephen Harper had provide Quebeckers the “distinct society” title to Quebec, so the fools can feel special in a unite Canada that no Quebeckers, by the way, truly deserve, knowing for who they massively vote for. As long as political parties as Bloc Québécois for the federal, Parti Québécois and Québec Solidaire for the provincial will be active, there will be no place for communication between real Canadians and Quebeckers. There will only be place for shame. Other French Canadians do not need Quebec, see, we are all bilingual, or almost lol.
And talking about disgust, Michaëlle Jean should have never been nominated as Governor General of Canada, her husband being who he is. As Canadian, I want to be represented by a Governor General of Canada who’s a real Canadian, not a fake one. And I don’t care about the color of the skin or from the nativity. Canadians have the right to be honor and deserved to be represent by a pure patriotic, someone with honesty. And Canadians have now that chance.
When I read about Michael Ignatieff who, according to the press, “is urging the prime minister to extend Michaëlle Jean's term as Governor General when her five-year appointment expires in September”, the only thing I want to say to Michael Ignatieff is: NO WAY! I am happy to have found out who is the real Michael Ignatieff, a maniac who, just like Paul Martin, wants to collect Quebecker votes, another selfish one who want to sell the Governor General of Canada position for another 5 years to Quebeckers. Remember reading in the press that Michael Ignatieff had called Brian Mulroney for his birthday? Another bullshit to have some Quebec voters. And what about the proud? Brian Mulroney did what he did. I won’t even write about hit. I just hate Brian Mulroney. And just knowing he’s living somewhere in Westmount of Montreal just freak me more lol.
You know the shit, Michael Ignatieff just want to gain some Quebec voters. But who care about Quebeckers? They had been sooooooo unfaithful of the country, publicly voting massively for the Bloc Québécois, publicly declaring that they are a distinct society. Why do they feel so special by the way? At a point, the distinct society need to get out of the unite Canada. And no more fake Canadians as Governor General of Canada ever, no more Quebeckers in a unite Canada. Never again.
Paul Martin put a shame on the country by naming Michaëlle Jean as Governor General of Canada in 2005. Now that Paul Martin and the Liberals are no longer in control of this country, Canadians have the right to be represent correctly without lies, and with respect.
So I hope Michaëlle Jean will enjoy her last summer as Governor General of Canada. No more free trips, Michaëlle Jean.
I am now at 88 632.34$ in assets
Its lower than on date of April 23, 2010, but April had been an extraordinary month for my investment portfolio!
Back on April 23, 2010, I was at a fantastic 89 157.88$ and currently, on date of May 1, 2010, I am at 88 632.24$, which represent a lost of 525.54$. Not too bad, but it could be worst, I guess. I had calculate 600$ in saving. I currently have more than 1 000$ in my saving account, but I only add 600$. The money I currently have is to pay my expenses for the month of May. My next paycheck should be of 600$, so I only add on 600$ in savings. I have chances to reach 90 000$ in assets during the month of June… 100 new stocks of Corby Distilleries Limited (CDL.A), that will be my next investment in June. So Corby Distilleries Limited (CDL.A), be ready, I am coming for more lol… I currently hold 100 stocks of the marvelous CDL.A. I am just very happy with Corby Distilleries Limited (CDL.A). Very stable investment, just what I need in my portfolio at this time to hit the 90 000$ in assets. Is this begging to be out of control? No, it’s just getting better!
My first month without a metro pass
For the month of May, I decide not to purchase any metro pass… My weekend job is pretty close to where I live, but not my daytime job. I am giving myself 45 minutes of walking. I could use a bike, but for my own safety, I won’t use a bike downtown Montreal, I just find it too dangerous, traveling on a bike in the city. I am curious to see how it will goes. But it’s the only way I am going to get a daily exercise…
Hello dividend!
The month of April end on a dividend happy note.
So far for 2010, I am close to the 1 000$ in dividend income. I recently received 24.17$ of Bell Aliant Regional Communications Income Fund (BA.UN), 15.33$ of Davis + Henderson Income Fund (DHF.UN) and 10.80$ of The Consumers’ Waterheater Income Fund (CWI.UN). Since I own 400 units of The Consumers’ Waterheater Income Fund, I should have received 21.60$. I guess I am having problem because I just transferred 200 units of CWI.UN over my Tax-free savings account (TFSA). Guess I will have to call T D Waterhouse one more time. I have to call T D Waterhouse anyway because I have 20$ in cash from my TFSA that I want to get transferred into my non registered account. That 20$ will be add to the 142.81$ I have in non registered broker account. That way, I will be able to make the minimum 150$ payment required on my TD credit line.
Thinking about margin
On the post of April 29, 2010, title “My first 100$ payout from Google AdSense program”, I came across my debts and was suggest by a reader to use margin. According to Dividend Lover, I could use margin to pay off debt, and I could do it at very low interest that may be 3.5%. Wow! That’s a good thing because to tell you the true, I begin to be tired of credit card balance transfer. Just recently, I just complete one of those transfers: 3 000$ at 4.9%. Great, but the interest rate at 4.9% only remains valid for 6 months. From 6 months after 6 months, it’s always the stress to se if another credit card balance transfer will come or not from another credit card I hold. Lately, I had received that 1.9% percent interest rate on credit card balance transfer. Nice, but that one is being offer for 1 year. Does it worth it to apply for another credit card knowing I hold already so many of them? My answer to that is no. I use my credit wisely, but adding another credit card would be just way too much. So the margin solution kind of arrives right on a perfect time. I knew margin existed of course, but I didn’t know that the margin money could be use for another purpose than investing. In this case, I will use margin to pay off some debts, it won’t be use to extend my investment portfolio. I could probably use my margin to the fullest in order to reach my first 100 000.00$ kind of right away, but it won’t be the case. What I like about my investment is that its gradual, nothing come easily, let’s say. But it’s the way I like it the best. I already borrow enough money and, if this portfolio is not perfect, it’s really me and I like it just the way it is. So guess I will inform myself better on margin and see if I like what I heard. I plan to make a down payment each month even if its not require. Pretty exciting things coming ahead.
Back on April 23, 2010, I was at a fantastic 89 157.88$ and currently, on date of May 1, 2010, I am at 88 632.24$, which represent a lost of 525.54$. Not too bad, but it could be worst, I guess. I had calculate 600$ in saving. I currently have more than 1 000$ in my saving account, but I only add 600$. The money I currently have is to pay my expenses for the month of May. My next paycheck should be of 600$, so I only add on 600$ in savings. I have chances to reach 90 000$ in assets during the month of June… 100 new stocks of Corby Distilleries Limited (CDL.A), that will be my next investment in June. So Corby Distilleries Limited (CDL.A), be ready, I am coming for more lol… I currently hold 100 stocks of the marvelous CDL.A. I am just very happy with Corby Distilleries Limited (CDL.A). Very stable investment, just what I need in my portfolio at this time to hit the 90 000$ in assets. Is this begging to be out of control? No, it’s just getting better!
My first month without a metro pass
For the month of May, I decide not to purchase any metro pass… My weekend job is pretty close to where I live, but not my daytime job. I am giving myself 45 minutes of walking. I could use a bike, but for my own safety, I won’t use a bike downtown Montreal, I just find it too dangerous, traveling on a bike in the city. I am curious to see how it will goes. But it’s the only way I am going to get a daily exercise…
Hello dividend!
The month of April end on a dividend happy note.
So far for 2010, I am close to the 1 000$ in dividend income. I recently received 24.17$ of Bell Aliant Regional Communications Income Fund (BA.UN), 15.33$ of Davis + Henderson Income Fund (DHF.UN) and 10.80$ of The Consumers’ Waterheater Income Fund (CWI.UN). Since I own 400 units of The Consumers’ Waterheater Income Fund, I should have received 21.60$. I guess I am having problem because I just transferred 200 units of CWI.UN over my Tax-free savings account (TFSA). Guess I will have to call T D Waterhouse one more time. I have to call T D Waterhouse anyway because I have 20$ in cash from my TFSA that I want to get transferred into my non registered account. That 20$ will be add to the 142.81$ I have in non registered broker account. That way, I will be able to make the minimum 150$ payment required on my TD credit line.
Thinking about margin
On the post of April 29, 2010, title “My first 100$ payout from Google AdSense program”, I came across my debts and was suggest by a reader to use margin. According to Dividend Lover, I could use margin to pay off debt, and I could do it at very low interest that may be 3.5%. Wow! That’s a good thing because to tell you the true, I begin to be tired of credit card balance transfer. Just recently, I just complete one of those transfers: 3 000$ at 4.9%. Great, but the interest rate at 4.9% only remains valid for 6 months. From 6 months after 6 months, it’s always the stress to se if another credit card balance transfer will come or not from another credit card I hold. Lately, I had received that 1.9% percent interest rate on credit card balance transfer. Nice, but that one is being offer for 1 year. Does it worth it to apply for another credit card knowing I hold already so many of them? My answer to that is no. I use my credit wisely, but adding another credit card would be just way too much. So the margin solution kind of arrives right on a perfect time. I knew margin existed of course, but I didn’t know that the margin money could be use for another purpose than investing. In this case, I will use margin to pay off some debts, it won’t be use to extend my investment portfolio. I could probably use my margin to the fullest in order to reach my first 100 000.00$ kind of right away, but it won’t be the case. What I like about my investment is that its gradual, nothing come easily, let’s say. But it’s the way I like it the best. I already borrow enough money and, if this portfolio is not perfect, it’s really me and I like it just the way it is. So guess I will inform myself better on margin and see if I like what I heard. I plan to make a down payment each month even if its not require. Pretty exciting things coming ahead.
Saturday, May 1, 2010
My investment portfolio in date of April 23, 2010
Savings:
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 996.80$
Timminco (TIM): 168$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 464.20$
Hanwei Energy Services (HE): 135$
Methanex Corporation (MX): 2 556.46$
Fortis (FTS): 2 985.15$
Pembina Pipeline Income Fund (PIF.UN):
7 508.80$
Just Energy Income Fund (JE.UN): 9 953.46$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
3 010.93$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 638$
Pengrowth Energy Trust (PGF.UN): 1 233.84$
Enbridge Income Fund (ENF.UN): 4 093.32$
Corby Distilleries Limited (CDL.A): 1 589$
Davis + Henderson Income Fund (DHF.UN):
1 819$
Premium Brands Holdings Corporation (PBH):
2 856$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 060$
Cash: 127.48$
TOTAL: 49 701.44$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 863.38$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 060$
Sprott Canadian Equity Fund: 5 262.88$
Cash: 21.69$
TOTAL: 9 186.26$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 088$
EnCana Corporation (ECA): 3 267$
Emera Incorporated (EMA): 4 958$
Cash: 259.15$
CIBC Dividend Growth Fund: 512.36$
CIBC Emerging Markets Index Fund: 449.53$
CIBC Monthly Income Fund: 988.60$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 112.68$
TD Monthly Income: 107.52$
TD Emerging Markets: 80.79$
TD Energy: 86.15$
TD Precious Metals: 108.76$
TD Latin American Growth: 94.20$
TD Entertainment & Communications: 107.83$
TD Dividend Growth: 204.99$
TD U.S. Mid-Cap Growth: 105.09$
Maritime Life International Equity Fund
(Templeton): 646.93$
Manulife Simplicity Growth Portfolio: 873.47$
Maritime Life CI Harbour Seg Fund: 1 034.32$
Maritime Life Fidelity True North Seg Fund: 985.72$
Maritime Life Trimark Europlus Seg Fund: 598.27$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 524.62$
RBC U.S. Mid-Cap Equity Fund C$: 1 924.89$
RBC Global Resources Fund: 971.31$
RBC O’Shaughnessy International Equity Fund:
606.20$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 061.69$
GIC Canadian Market: 1 000$
TOTAL: 29 743.97$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(114.14$):
89 157.88$
[In date of April 23, 2010]
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 996.80$
Timminco (TIM): 168$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 464.20$
Hanwei Energy Services (HE): 135$
Methanex Corporation (MX): 2 556.46$
Fortis (FTS): 2 985.15$
Pembina Pipeline Income Fund (PIF.UN):
7 508.80$
Just Energy Income Fund (JE.UN): 9 953.46$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
3 010.93$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 638$
Pengrowth Energy Trust (PGF.UN): 1 233.84$
Enbridge Income Fund (ENF.UN): 4 093.32$
Corby Distilleries Limited (CDL.A): 1 589$
Davis + Henderson Income Fund (DHF.UN):
1 819$
Premium Brands Holdings Corporation (PBH):
2 856$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 060$
Cash: 127.48$
TOTAL: 49 701.44$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 863.38$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 060$
Sprott Canadian Equity Fund: 5 262.88$
Cash: 21.69$
TOTAL: 9 186.26$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 088$
EnCana Corporation (ECA): 3 267$
Emera Incorporated (EMA): 4 958$
Cash: 259.15$
CIBC Dividend Growth Fund: 512.36$
CIBC Emerging Markets Index Fund: 449.53$
CIBC Monthly Income Fund: 988.60$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 112.68$
TD Monthly Income: 107.52$
TD Emerging Markets: 80.79$
TD Energy: 86.15$
TD Precious Metals: 108.76$
TD Latin American Growth: 94.20$
TD Entertainment & Communications: 107.83$
TD Dividend Growth: 204.99$
TD U.S. Mid-Cap Growth: 105.09$
Maritime Life International Equity Fund
(Templeton): 646.93$
Manulife Simplicity Growth Portfolio: 873.47$
Maritime Life CI Harbour Seg Fund: 1 034.32$
Maritime Life Fidelity True North Seg Fund: 985.72$
Maritime Life Trimark Europlus Seg Fund: 598.27$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 524.62$
RBC U.S. Mid-Cap Equity Fund C$: 1 924.89$
RBC Global Resources Fund: 971.31$
RBC O’Shaughnessy International Equity Fund:
606.20$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 061.69$
GIC Canadian Market: 1 000$
TOTAL: 29 743.97$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(114.14$):
89 157.88$
[In date of April 23, 2010]
Thursday, April 29, 2010
My first 100$ payout from Google AdSense program
Yep! Usually, bloggers request a payment by cheque, but I did mine through online banking as I wanted to be sure to get the payment. I didn’t want to see the work of 3 years of blogging to get lost in the mail. What really help me in reaching my first 100$ in Google AdSense is HubPages and of course, this current blog. I reach 100$ once, I can reach 100$ a second time. I just hope that next time, it won’t take me as long as 3 years lol. But I see blogging as a hubby, and when you see blogging this way, your chances of making good money of blogging is low. I also blog on a very personal tone. I am not an expert on anything really, so it makes it even harder. But I have to say, in the last couple of months, I saw the traffic on my blog increasing. The key: just keep blogging, writing, I guess. On a long term goal, I would very much like to be able to earn 100$ per month from Google AdSense program. It’s possible. In my case, 100$ per month would required more articles on HubPages, more post on my blog. Extremely difficult to blog, write articles and work full-time! But I am willing to take the challenge!
The last couple of days had been quite busy. I had been busy at « stretching » my budget, as a new payer is being add on this upcoming May, my RSP credit line payment. My monthly payment is of around 107$. Currently, I have just enough money to cover up for my expenses. But luckily, I can cover all the payments I need to make, rent included for the month of May. Which mean that all of what I will earn on my next paycheque can be money save over my next investment, 100 new stocks of Corby Distilleries Limited (CDL.A). At a point, I am quite tempted to just cash in my dividend instead of making them roll over but as view before…. There seem to be no easy way. I can make end reach just the way I am being set right now but of course, I want more.
April 23, 2010 had been quite an extraordinary period for my portfolio. Back than, my non registered portfolio was at 49 701.44$. For the same portfolio, I registered today a 841.75$ lost. The beautiful gains had been lost, but I am confident I will reach the 841.75$ in gain really soon. I do not really know what to think about the situation in Greece and other European countries. But hope its turn for the best.
So I guess I will have no choice than going out of my comfort zone and work more hours at my daytime job, save save save and… job search. This week, I try to be careful with my expenses. I begin to cut on my coffees but believe it or not, it has an effect on me. I am feeling less alert and more sleepy. I bring tea bag at work and in the morning, I made myself some coffee. But nothing to compare to Second Cup coffee, that’s for sure.
Cutting on small expenses can have a huge positive effect on a budget. As for myself, we can talk about one, if not 2 coffees per day for a total of 4.42$ per day. 4.42$ x 30 days = 132.60$.... 30 days because not to forget I work Saturday and Sunday too… And this amount does not even include eating out. It make easily 200$ per month that I can save pretty easily. I done this kind of saving before, giving myself sometime a « non coffees week » goal. Each time, the goal had been more or less respected, but each time, I had been able to save some money. Myself, my bad habit is mostly coffee and eating out. Once it will be under control for good, I will be fine. I am just very happy to have already the cash to pay all of my May expenses.
The last couple of days had been quite busy. I had been busy at « stretching » my budget, as a new payer is being add on this upcoming May, my RSP credit line payment. My monthly payment is of around 107$. Currently, I have just enough money to cover up for my expenses. But luckily, I can cover all the payments I need to make, rent included for the month of May. Which mean that all of what I will earn on my next paycheque can be money save over my next investment, 100 new stocks of Corby Distilleries Limited (CDL.A). At a point, I am quite tempted to just cash in my dividend instead of making them roll over but as view before…. There seem to be no easy way. I can make end reach just the way I am being set right now but of course, I want more.
April 23, 2010 had been quite an extraordinary period for my portfolio. Back than, my non registered portfolio was at 49 701.44$. For the same portfolio, I registered today a 841.75$ lost. The beautiful gains had been lost, but I am confident I will reach the 841.75$ in gain really soon. I do not really know what to think about the situation in Greece and other European countries. But hope its turn for the best.
So I guess I will have no choice than going out of my comfort zone and work more hours at my daytime job, save save save and… job search. This week, I try to be careful with my expenses. I begin to cut on my coffees but believe it or not, it has an effect on me. I am feeling less alert and more sleepy. I bring tea bag at work and in the morning, I made myself some coffee. But nothing to compare to Second Cup coffee, that’s for sure.
Cutting on small expenses can have a huge positive effect on a budget. As for myself, we can talk about one, if not 2 coffees per day for a total of 4.42$ per day. 4.42$ x 30 days = 132.60$.... 30 days because not to forget I work Saturday and Sunday too… And this amount does not even include eating out. It make easily 200$ per month that I can save pretty easily. I done this kind of saving before, giving myself sometime a « non coffees week » goal. Each time, the goal had been more or less respected, but each time, I had been able to save some money. Myself, my bad habit is mostly coffee and eating out. Once it will be under control for good, I will be fine. I am just very happy to have already the cash to pay all of my May expenses.
Monday, April 26, 2010
Because its all about the lowest and the highest
The upcoming weeks are going to be much better as I got my regular schedule back. I went crazy for the past couple of days as I sometimes had to wake up at 6 in the morning just to go to work… But now everything back on track. My portfolio is doing quite well. Nice gain today again for my portfolio! Most interested gains were for my RSP stocks portfolio.
I don’t know how many times I write and told myself I was going to job search, but I didn’t and I don’t think I will. I am confident I might be able to reach the 90 000$ in assets if not by the end of June, later on this summer and this is enough for me. At a point, working more just getting the hell out of me, money is good, but I guess at 89 100$ in assets, the money lost is excitement, investment lost of its freshness and dividends well, they are what they are: dividend… lol… I know that I will be job searching again but it won’t be for now, unless I really need to.
Maybe I shouldn’t have done this but I just call T D Waterhouse to contribute to my TFSA. I had a 1 800$ or something left over, so I decide to take the 200 units I had of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered account transferred over my TFSA. And guess who else had join the TFSA? Dumont Nickel (DNI)! I transferred the 23 000 stocks from my non registered account to my TFSA. Why did I do so? I had 1 885.02$ left that I could be invested in for 2010 in my TFSA.
At this point, I am just fooling around with little investments but funny fact is that all of those little investments combine together, make, at the end, a really fantastic 89 100$ and something… Anyhow, I already had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) into my TFSA. I also had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered broker account. This one actually was my latest investment. Since I had a contribution that could be made for my TFSA, I just decide to have all of my Consumers’ Waterheater Income Fund (CWI.UN) units sleeping in the same boat. That’s really all.
As for Dumont Nickel (DNI), I am just looking forward to sell the 23 000 stocks I hold at 4 cents each. The profit will be, of course, small – but still, a profit is a profit. And why not making a profit free of taxes?
When making those transferred into my TFSA, I had been told if I wanted to make the contribution at lowest or the highest. But I decide at the lowest because that way, it make more money left to contribute for my TFA. The representative didn’t want to give any advice. Brokers are really just that: brokers lol. Even if they want, they cannot provide any advice. What a dream job isn’t? Just execute orders, no hassle. Anyhow, I could also transferred over Hanwei Energy Services (HE) and Timminco (TIM) but at this point, I want to understand what’s the lowest and the highest mean before switching those 2 into my TFSA. Let’s say I want to begin to be more sophisticated and at a point, I promise, I am going to know exactly what I am doing for once in my life.
Transferring some non registered investment into registered investment (TFSA or RSP) is not an easy thing to understand. Just very mysterious. That’s what I remember from last year, when I transferred some non registered mutual funds into RSP mutual funds. I was very curious to see the effect on taxes. But I didn’t get any paper for the taxes except of course, a RSP contribution paper. Transferring non registered investment into registered account – when it comes to mutual funds – is not like making a sell because the exact same amount of units hold is getting transferred into RSP.
Ok, but stocks and units are not mutual funds. So will I have something to declare for the transfer I did tonight with T D Waterhouse? I don’t know. I mostly understand the basic, but that lowest and highest thing is quite intriguing.
I don’t know how many times I write and told myself I was going to job search, but I didn’t and I don’t think I will. I am confident I might be able to reach the 90 000$ in assets if not by the end of June, later on this summer and this is enough for me. At a point, working more just getting the hell out of me, money is good, but I guess at 89 100$ in assets, the money lost is excitement, investment lost of its freshness and dividends well, they are what they are: dividend… lol… I know that I will be job searching again but it won’t be for now, unless I really need to.
Maybe I shouldn’t have done this but I just call T D Waterhouse to contribute to my TFSA. I had a 1 800$ or something left over, so I decide to take the 200 units I had of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered account transferred over my TFSA. And guess who else had join the TFSA? Dumont Nickel (DNI)! I transferred the 23 000 stocks from my non registered account to my TFSA. Why did I do so? I had 1 885.02$ left that I could be invested in for 2010 in my TFSA.
At this point, I am just fooling around with little investments but funny fact is that all of those little investments combine together, make, at the end, a really fantastic 89 100$ and something… Anyhow, I already had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) into my TFSA. I also had 200 units of the Consumers’ Waterheater Income Fund (CWI.UN) in my non registered broker account. This one actually was my latest investment. Since I had a contribution that could be made for my TFSA, I just decide to have all of my Consumers’ Waterheater Income Fund (CWI.UN) units sleeping in the same boat. That’s really all.
As for Dumont Nickel (DNI), I am just looking forward to sell the 23 000 stocks I hold at 4 cents each. The profit will be, of course, small – but still, a profit is a profit. And why not making a profit free of taxes?
When making those transferred into my TFSA, I had been told if I wanted to make the contribution at lowest or the highest. But I decide at the lowest because that way, it make more money left to contribute for my TFA. The representative didn’t want to give any advice. Brokers are really just that: brokers lol. Even if they want, they cannot provide any advice. What a dream job isn’t? Just execute orders, no hassle. Anyhow, I could also transferred over Hanwei Energy Services (HE) and Timminco (TIM) but at this point, I want to understand what’s the lowest and the highest mean before switching those 2 into my TFSA. Let’s say I want to begin to be more sophisticated and at a point, I promise, I am going to know exactly what I am doing for once in my life.
Transferring some non registered investment into registered investment (TFSA or RSP) is not an easy thing to understand. Just very mysterious. That’s what I remember from last year, when I transferred some non registered mutual funds into RSP mutual funds. I was very curious to see the effect on taxes. But I didn’t get any paper for the taxes except of course, a RSP contribution paper. Transferring non registered investment into registered account – when it comes to mutual funds – is not like making a sell because the exact same amount of units hold is getting transferred into RSP.
Ok, but stocks and units are not mutual funds. So will I have something to declare for the transfer I did tonight with T D Waterhouse? I don’t know. I mostly understand the basic, but that lowest and highest thing is quite intriguing.
Friday, April 23, 2010
Pushing it right to the top: I am now at 89 157.88$ in personal assets
I knew it was going to be great, but not that huge! Imagine my surprise today, as my investment portfolio exceed the 89 000$! I am currently at a fantastic 89 157.88$. If things continue this way, with my next investment in June – 100 extra new stocks of CDL.A – my portfolio could reach a value of OVER 90 000$! That’s pretty hot stuff. Between April 20 and 23$, my assets gain 817.73$, without new investment or new savings. 817.73$ represent a gain of 0.9256%! WOW!
My gain could have exceeded the 900$ if only Sprott Inc. (SII) would have close at 4$ and Just Energy Income Fund (JE.UN) at 14$... But of course, things just didn’t happen that way. Sprott Inc. (SII) close this Friday session at 3.90$ and Just Energy Income Fund (JE.UN) at 13.71$. Time to buy Just Energy Income Fund! Just Energy had announced recently the acquisition of Hudson Parent Holdings, an energy marketing company operating in New York, New Jersey, Illinois and Texas. One of Canada greatest dividend payer is growing in the USA! Rebecca MacDonald that just of a visionary. Of course, at this point, the only thing I want is to add more of the sublime Just Energy Income Fund (JE.UN) units in my investment portfolio!
Its looking really great for my first 100 000$ because I am now only missing 10 842.12$ before hitting the magic number. I gave myself until December 2010, but seeing how things are going, I may be able to reach my goal on a sooner date or maybe not.
Anyhow, what cannot happen on a closer date will just happen one day or the other. I received Enbridge Income Fund (ENF.UN) (29.28$) and Bell Aliant Regional Communications Income Fund (BA.UN) (24.17$) dividend. It’s now by tomorrow that I am gonna be able to live on my dividend income (lol), but while waiting… I have, let’s say bunch of fun.
My gain could have exceeded the 900$ if only Sprott Inc. (SII) would have close at 4$ and Just Energy Income Fund (JE.UN) at 14$... But of course, things just didn’t happen that way. Sprott Inc. (SII) close this Friday session at 3.90$ and Just Energy Income Fund (JE.UN) at 13.71$. Time to buy Just Energy Income Fund! Just Energy had announced recently the acquisition of Hudson Parent Holdings, an energy marketing company operating in New York, New Jersey, Illinois and Texas. One of Canada greatest dividend payer is growing in the USA! Rebecca MacDonald that just of a visionary. Of course, at this point, the only thing I want is to add more of the sublime Just Energy Income Fund (JE.UN) units in my investment portfolio!
Its looking really great for my first 100 000$ because I am now only missing 10 842.12$ before hitting the magic number. I gave myself until December 2010, but seeing how things are going, I may be able to reach my goal on a sooner date or maybe not.
Anyhow, what cannot happen on a closer date will just happen one day or the other. I received Enbridge Income Fund (ENF.UN) (29.28$) and Bell Aliant Regional Communications Income Fund (BA.UN) (24.17$) dividend. It’s now by tomorrow that I am gonna be able to live on my dividend income (lol), but while waiting… I have, let’s say bunch of fun.
My stock investment portfolio in date of April 20, 2010
Savings:
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 894.40$
Timminco (TIM): 176$
Blue Note Mining (BNT): 48$
Bank of Nova Scotia (BNS): 5 451.60$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 524.53$
Fortis (FTS): 2 972.55$
Pembina Pipeline Income Fund (PIF.UN):
7 446.40$
Just Energy Income Fund (JE.UN): 10 134.96$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 871.09$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 614$
Pengrowth Energy Trust (PGF.UN): 1 207.34$
Enbridge Income Fund (ENF.UN): 4 057.56$
Corby Distilleries Limited (CDL.A): 1 575$
Davis + Henderson Income Fund (DHF.UN):
1 797$
Premium Brands Holdings Corporation (PBH):
2 880$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 052$
Cash: 100.93$
TOTAL: 49 377.36$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 833.59$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 052$
Sprott Canadian Equity Fund: 5 090.23$
Cash: 21.69$
TOTAL: 8 997.51$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 052$
EnCana Corporation (ECA): 3 177$
Emera Incorporated (EMA): 4 904$
Cash: 259.15$
CIBC Dividend Growth Fund: 509.37$
CIBC Emerging Markets Index Fund: 447.06$
CIBC Monthly Income Fund: 981.28$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 112.60$
TD Monthly Income: 106.92$
TD Emerging Markets: 80.67$
TD Energy: 84.90$
TD Precious Metals: 105.73$
TD Latin American Growth: 94.46$
TD Entertainment & Communications: 107.02$
TD Dividend Growth: 204.30$
TD U.S. Mid-Cap Growth: 102.77$
Maritime Life International Equity Fund
(Templeton): 645.28$
Manulife Simplicity Growth Portfolio: 868.54$
Maritime Life CI Harbour Seg Fund: 1 027.91$
Maritime Life Fidelity True North Seg Fund: 977.07$
Maritime Life Trimark Europlus Seg Fund: 598.36$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 520.53$
RBC U.S. Mid-Cap Equity Fund C$: 1 872.41$
RBC Global Resources Fund: 952.32$
RBC O’Shaughnessy International Equity Fund:
608.17$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 053.37$
GIC Canadian Market: 1 000$
TOTAL: 29 439.07$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(114.14$):
88 340.15$
[In date of April 20, 2010]
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 894.40$
Timminco (TIM): 176$
Blue Note Mining (BNT): 48$
Bank of Nova Scotia (BNS): 5 451.60$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 524.53$
Fortis (FTS): 2 972.55$
Pembina Pipeline Income Fund (PIF.UN):
7 446.40$
Just Energy Income Fund (JE.UN): 10 134.96$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 871.09$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 614$
Pengrowth Energy Trust (PGF.UN): 1 207.34$
Enbridge Income Fund (ENF.UN): 4 057.56$
Corby Distilleries Limited (CDL.A): 1 575$
Davis + Henderson Income Fund (DHF.UN):
1 797$
Premium Brands Holdings Corporation (PBH):
2 880$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 052$
Cash: 100.93$
TOTAL: 49 377.36$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 833.59$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 052$
Sprott Canadian Equity Fund: 5 090.23$
Cash: 21.69$
TOTAL: 8 997.51$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 052$
EnCana Corporation (ECA): 3 177$
Emera Incorporated (EMA): 4 904$
Cash: 259.15$
CIBC Dividend Growth Fund: 509.37$
CIBC Emerging Markets Index Fund: 447.06$
CIBC Monthly Income Fund: 981.28$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 112.60$
TD Monthly Income: 106.92$
TD Emerging Markets: 80.67$
TD Energy: 84.90$
TD Precious Metals: 105.73$
TD Latin American Growth: 94.46$
TD Entertainment & Communications: 107.02$
TD Dividend Growth: 204.30$
TD U.S. Mid-Cap Growth: 102.77$
Maritime Life International Equity Fund
(Templeton): 645.28$
Manulife Simplicity Growth Portfolio: 868.54$
Maritime Life CI Harbour Seg Fund: 1 027.91$
Maritime Life Fidelity True North Seg Fund: 977.07$
Maritime Life Trimark Europlus Seg Fund: 598.36$
Great-West – various: 1 753.62$
RBC Canadian Dividend Fund: 520.53$
RBC U.S. Mid-Cap Equity Fund C$: 1 872.41$
RBC Global Resources Fund: 952.32$
RBC O’Shaughnessy International Equity Fund:
608.17$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 053.37$
GIC Canadian Market: 1 000$
TOTAL: 29 439.07$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(114.14$):
88 340.15$
[In date of April 20, 2010]
Thursday, April 22, 2010
My credit card limit increase request had been approved!
Just a few days ago, I had applied for a credit card limit increase of 3 000$ so I can benefit of a credit card balance transfer of 4.9%... Well, the request had been approved. TD Canada Trust is the greatest financial institution in Canada. TD Canada Trust never refused me anything! I have a TD credit line, a TD Visa, a TD RSP credit line… not to mention a broker account. Actually, the only thing missing from my TD package is a TD chequing account. So this is pretty great. I could have get refused because of the current debts I hold. But since my broker account is at TD, they can also see what kind of cash I have invested. I guess it had played in my favor. The Dividend Girl is also… a TD Girl lol…
Just a few months ago, I had applied for a RSP loan at Bank of Scotia and got refused. The reason why? For Bank of Scotia (BNS), I was holding too much for the salary I had. Also, I had basically no cash, only investment. And a branch of Bank of Scotia (BNS) located in Montreal didn’t want to take my stocks portfolio as security, even if I am one of their shareholder. I think things could have worked out better if I would had been better at another branch. So just don’t go visit the branch of Bank of Scotia located on University downtown Montreal because you will just loose your time! Bank of Scotia is not willing to make business with you if you don’t hold cash and hold too much debt.
I am proud of my debts, of my investments and not having cash do not matter to me. Not working full-time had been an issue too… and being fired from BMO Bank of Montreal too lol. Like come on! Bank of Scotia (BNS) need to be more open-mind. I had an awesome credit history, I am rich, and some sick people of Bank of Scotia are saying NO to me?
I had big project for me and Bank of Scotia. I wanted to get the loan, transferred my portfolio over Scotia iTrade…. But since Bank of Scotia REFUSED my loan request, I told myself: f*** off, I stay with TD. From that point, I told myself I was going to stay forever with TD Canada Trust.
I wanted to switch for Scotia iTrade because with a minimum of 50 000$ in portfolio, which I was reaching at the time with the RSP loan, I could had placed trades at 9.99$. It was basically the only reason why I wanted to switch from T D Waterhouse to Scotia iTrade. But it never happens, so I decide to stay with TD. Business is over with Bank of Scotia, as well as BMO Bank of Montreal (BMO) because, as you might already know, BMO Bank of Montreal fired me after 3 months, shortly after giving me a 5 000$ credit line and 4 000$ Mastercard credit card. But shouldn't be surprised, as a New Brunswicker, I had experiment the lack of common sense of Quebeckers. I would have deserved a longer try out period. I was willing to learn and doing my best. My laid off from BMO Bank of Montreal is also a lack of social responsibilities from BMO Bank of Montreal. They had provided me credit, learn about my good credit situation and my investment and than, after giving me 9 000$ value in credit, fired me before my try out period. I could only have lived something like it here in Quebec. Quebec corruption is not only about wanted to be a country of their own, it’s about also their local MBA holders, thinking they are good and have it, to apply their own rules, thinking maybe I was going to get hurt, thinking maybe my spirit would get kill. But you have to follow my own rules. And BMO Bank of Montreal won’t be forgiven from my end.
And hopefully, I will reach 90 000$ in assets sometime this summer.
Just a few months ago, I had applied for a RSP loan at Bank of Scotia and got refused. The reason why? For Bank of Scotia (BNS), I was holding too much for the salary I had. Also, I had basically no cash, only investment. And a branch of Bank of Scotia (BNS) located in Montreal didn’t want to take my stocks portfolio as security, even if I am one of their shareholder. I think things could have worked out better if I would had been better at another branch. So just don’t go visit the branch of Bank of Scotia located on University downtown Montreal because you will just loose your time! Bank of Scotia is not willing to make business with you if you don’t hold cash and hold too much debt.
I am proud of my debts, of my investments and not having cash do not matter to me. Not working full-time had been an issue too… and being fired from BMO Bank of Montreal too lol. Like come on! Bank of Scotia (BNS) need to be more open-mind. I had an awesome credit history, I am rich, and some sick people of Bank of Scotia are saying NO to me?
I had big project for me and Bank of Scotia. I wanted to get the loan, transferred my portfolio over Scotia iTrade…. But since Bank of Scotia REFUSED my loan request, I told myself: f*** off, I stay with TD. From that point, I told myself I was going to stay forever with TD Canada Trust.
I wanted to switch for Scotia iTrade because with a minimum of 50 000$ in portfolio, which I was reaching at the time with the RSP loan, I could had placed trades at 9.99$. It was basically the only reason why I wanted to switch from T D Waterhouse to Scotia iTrade. But it never happens, so I decide to stay with TD. Business is over with Bank of Scotia, as well as BMO Bank of Montreal (BMO) because, as you might already know, BMO Bank of Montreal fired me after 3 months, shortly after giving me a 5 000$ credit line and 4 000$ Mastercard credit card. But shouldn't be surprised, as a New Brunswicker, I had experiment the lack of common sense of Quebeckers. I would have deserved a longer try out period. I was willing to learn and doing my best. My laid off from BMO Bank of Montreal is also a lack of social responsibilities from BMO Bank of Montreal. They had provided me credit, learn about my good credit situation and my investment and than, after giving me 9 000$ value in credit, fired me before my try out period. I could only have lived something like it here in Quebec. Quebec corruption is not only about wanted to be a country of their own, it’s about also their local MBA holders, thinking they are good and have it, to apply their own rules, thinking maybe I was going to get hurt, thinking maybe my spirit would get kill. But you have to follow my own rules. And BMO Bank of Montreal won’t be forgiven from my end.
And hopefully, I will reach 90 000$ in assets sometime this summer.
Tuesday, April 20, 2010
Surprise… I am now at 88 340.15$
Today had been a long day even if I finish work early. I goanna try to catch up in my hours tomorrow. I did some boring stuff that need to be done like paying on my credit card because I had exceed the limit, picking up my mail, calling my Internet provider to change my credit card (with all of their special interest credit card balance offer, my TD Visa is FULL), calling BMO InvestorLine to close my account. Yep, I had transferred everything I own to another broker, but that didn’t close the account immediately. So I did all those. And as always, trying to reach someone at BMO InvestorLine was almost mission impossible. I do not lie, it took me 30 minutes because being able to talk to someone! Way so much better at T D Waterhouse! You can really feel the difference. So those were for the majors of the day… Pretty boring isn’t? But now the best is to come…
I am now at a magical 88 340.15$ in assets
I am now at a magical 88 340.15$ in assets
I update my investment portfolio today because I knew, by the way it was looking, that this was our day: I had exceeded the 88 000$ in assets! Currently, our overall investment portfolio is at 88 340.15$. Yeah! Like I work so hard for it, I am happy to be a bit closer to my goal. The 100 000$ is just around the corner!
Real positive gains today with Just Energy Income Fund (JE.UN) who had announced a new acquisition. Just Energy had reached 14$ during the day, but close at 13.96$. Not bad, way to go Energy! Also, we had to remember that we are not in the gas season now so its pretty fantastic that Just Energy had been able to reach 14$ during the day today. Just Energy Income Fund (JE.UN) is one of my favorite.
Sprott Inc. (SII) is still under 4$ while the company had announced a new fund, seem to be interesting, it’s the Sprott Private Credit Fund. The fund will be manage with the participation of Third Eye Capital Management Inc. Just great news for stocks holder of Sprott Inc. (SII).
1.99% interest rate offer on credit card balance transfer from MBNA
Also today, believe it or not, in the mail was waiting for me a happy surprise… a 1.99% interest rate on credit card balance transfer for one year…. The same one that is using The Rat for his 25 000$ leverage project! I was shocked when I open the letter. It has my name on it and my address. I had been targeted, I don’t know how, but may I be bless to have receive such offer… can you believe 1.99% for one year! Too bad I didn’t go pick up my mail earlier because I already apply for a credit card limit increase at TD. But 1.99% for a full year is such a terrific offer. I going to apply and we’ll see what happen. I guess my credit card is not bad at all if I had been targeted. I think I had been target through RBC Royal Bank. Why? With BMO Bank of Montreal, TD Canada Trust and all other I have my residential address. With RBC Royal Bank, my postal box. And I had received the terrific letter at my postal box, so I guess RBC is doing telemarketing for MBNA credit card. But who care? I just wanna this offer! So this was the second good news of the day. I am the credit card godness queen. I LOVE credit card transfer balance and their low interest.
I have multiple debts for close to 40 000$. It was my own choice to borrow money on credit card balance transfer and on credit lines, but I don’t regret my choice.
Here what I would like to pay off using a credit card balance transfer:
-Credit line: 4 840$ at 3.5% =
169.40$ in annual interest
- Credit line: 5 000$ at 8% =
400$ in annual interest
Credit card balance transfer: 5 000$ at 4.9% =
245$ in annual interest
Credit card balance transfer: 4 359.02$ at 3.9% =
170$ in annual interest
TOTAL OF DEBTS: 19 199.02$
Total in interest rate: 984.40$
I would like to get a 20 000$ credit card, so I can benefit of the 1.99% offer for 1 year for those debts. This way, I could save 602.34$ in interest money! Knowing myself, I know I might be tempted to use the money to invest more in Just Energy and other… But no matter what’s going to happen, a 1.99% interest rate is a good opportunity.
Dividend news
Also today, I had received the dividend of Pengrowth Energy Trust (PGF.UN), 7.42$. Last week or so, I had received the dividend from Premium Brands Holdings Corporation (PBH). I was going to call T D Waterhouse because the dividend didn’t DRIP, but I run out of time. And just by checking the Premium Brands Holdings Corporation (PBH) Web site, I see that the DRIP had been suspended. This is really sad because the DRIP system can be quite powerful. I could had earned around 4 new stocks of Premium Brands if only the DRIP would had been still on going… I currently have 100$ in cash in my broker account, whch I am not use to have. That money will help to make the minimum payment on my credit line. I would just have 50$ of my own to pay on the credit line.
Government cheque
I had received my federal checked of 130$. No more excuses for not doing exercice with that money, I can purchase a new pair of running shoes. Current pair tighting my feet too much when I exercice on a long period of time. Outch! So I am going to climb the Mont-Royal right to the top. Check me out.
So lot of extraordinary things happen today. I am feeling lucky, gonna have to purchase a lottery ticket.
My stock investment portfolio in date of April 18, 2010
Savings:
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 935.36$
Timminco (TIM): 176$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 432.70$
Hanwei Energy Services (HE): 102$
Methanex Corporation (MX): 9 786.48$
Fortis (FTS): 2 915.85$
Pembina Pipeline Income Fund (PIF.UN):
7 338.24$
Just Energy Income Fund (JE.UN): 9 786.48$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 805.54$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 597$
Pengrowth Energy Trust (PGF.UN): 1 202.04$
Enbridge Income Fund (ENF.UN): 4 085.10$
Corby Distilleries Limited (CDL.A): 1 570$
Davis + Henderson Income Fund (DHF.UN):
1 790$
Premium Brands Holdings Corporation (PBH):
2 864$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Cash: 93.51$
TOTAL: 48 767.32$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 759.05$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Sprott Canadian Equity Fund: 5 312.73$
Cash: 21.69$
TOTAL: 9 133.47$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 050$
EnCana Corporation (ECA): 3 147$
Emera Incorporated (EMA): 4 880$
Cash: 259.15$
CIBC Dividend Growth Fund: 506.94$
CIBC Emerging Markets Index Fund: 452.54$
CIBC Monthly Income Fund: 977.62$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 109.71$
TD Monthly Income: 101.81$
TD Emerging Markets: 81.60$
TD Energy: 82.39$
TD Precious Metals: 106.74$
TD Latin American Growth: 95.44$
TD Entertainment & Communications: 107.58$
TD Dividend Growth: 201.76$
TD U.S. Mid-Cap Growth: 103.53$
Maritime Life International Equity Fund
(Templeton): 651.15$
Manulife Simplicity Growth Portfolio: 869.85$
Maritime Life CI Harbour Seg Fund: 1 025.17$
Maritime Life Fidelity True North Seg Fund: 973.84$
Maritime Life Trimark Europlus Seg Fund: 602.97$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 510.39$
RBC U.S. Mid-Cap Equity Fund C$: 1 878.53$
RBC Global Resources Fund: 955.47$
RBC O’Shaughnessy International Equity Fund:
605.43$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 021.90$
GIC Canadian Market: 1 000$
TOTAL: 29 295.75$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(112.57$):
87 721.18$
[In date of April 18, 2010]
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 935.36$
Timminco (TIM): 176$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 432.70$
Hanwei Energy Services (HE): 102$
Methanex Corporation (MX): 9 786.48$
Fortis (FTS): 2 915.85$
Pembina Pipeline Income Fund (PIF.UN):
7 338.24$
Just Energy Income Fund (JE.UN): 9 786.48$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 805.54$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 597$
Pengrowth Energy Trust (PGF.UN): 1 202.04$
Enbridge Income Fund (ENF.UN): 4 085.10$
Corby Distilleries Limited (CDL.A): 1 570$
Davis + Henderson Income Fund (DHF.UN):
1 790$
Premium Brands Holdings Corporation (PBH):
2 864$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Cash: 93.51$
TOTAL: 48 767.32$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 759.05$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Sprott Canadian Equity Fund: 5 312.73$
Cash: 21.69$
TOTAL: 9 133.47$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 050$
EnCana Corporation (ECA): 3 147$
Emera Incorporated (EMA): 4 880$
Cash: 259.15$
CIBC Dividend Growth Fund: 506.94$
CIBC Emerging Markets Index Fund: 452.54$
CIBC Monthly Income Fund: 977.62$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 109.71$
TD Monthly Income: 101.81$
TD Emerging Markets: 81.60$
TD Energy: 82.39$
TD Precious Metals: 106.74$
TD Latin American Growth: 95.44$
TD Entertainment & Communications: 107.58$
TD Dividend Growth: 201.76$
TD U.S. Mid-Cap Growth: 103.53$
Maritime Life International Equity Fund
(Templeton): 651.15$
Manulife Simplicity Growth Portfolio: 869.85$
Maritime Life CI Harbour Seg Fund: 1 025.17$
Maritime Life Fidelity True North Seg Fund: 973.84$
Maritime Life Trimark Europlus Seg Fund: 602.97$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 510.39$
RBC U.S. Mid-Cap Equity Fund C$: 1 878.53$
RBC Global Resources Fund: 955.47$
RBC O’Shaughnessy International Equity Fund:
605.43$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 021.90$
GIC Canadian Market: 1 000$
TOTAL: 29 295.75$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(112.57$):
87 721.18$
[In date of April 18, 2010]
Monday, April 19, 2010
Lovely gains today for my everything
I like to end a day of work like this: coming home early, starting my laptop, log-in to my online broker account and… discover fantastic gain in my investment portfolio!
My non registered stocks & units portfolio is up of 182.60$. My TFSA portfolio is up of 78.40$. And my RSP stocks portfolio is up of 26$. This mark a 287$ gain today only – and this is only counting one part of my portfolio. I won’t update it again as I just did it yesterday. The gains made are small but interesting, knowing that those were gains made between yesterday and today… 287$ is more than I do in just a day of work! I am quite happy with my portfolio right now. The gains were not spectacular today at the TSX, but I prefer little gains to major ones. Little gains seem to be just more stables. Since the big stock crash of somewhere in 2008, the TSX is everything but not stable. I can definitely talk about it! The road had been rough for our mutual fund investments. But among the way, with a well diversified portfolio, everything is possible and I have to say, I have achieve my everything today.
So what happen today that I got a juicy boost in value? Well, even if they refused my RSP loan this year, Bank of Scotia (BNS) is in good business. The stock value had raised to the 52$. So you can imagine the positive effect on my portfolio as I own 105 stocks of that marvelous. Also, Yellow Pages Income Fund (YLO.UN) is at an extraordinary 6.53$. Those were 2 of our major investment portfolio boosters!
Sprott Inc. (SII) still under 4$ per unit and Just Energy Income Fund (JE.UN) again at less than 14$ per unit. Once those 2 will go up again, gains will be just spectacular. My non registered stocks and units investment portfolio could than worth close to the 50 000$ alone!
I finally complete my credit card limit request. I will learn more about it within 2 business days.
Other Internet projects among the way, a new Web site idea I wrote about previously… well, it’s still on going. My only problem is discipline. That’s the main reason why I wasn’t able to launch the project yet. I had been too busy counting and re-counting my money.
My non registered stocks & units portfolio is up of 182.60$. My TFSA portfolio is up of 78.40$. And my RSP stocks portfolio is up of 26$. This mark a 287$ gain today only – and this is only counting one part of my portfolio. I won’t update it again as I just did it yesterday. The gains made are small but interesting, knowing that those were gains made between yesterday and today… 287$ is more than I do in just a day of work! I am quite happy with my portfolio right now. The gains were not spectacular today at the TSX, but I prefer little gains to major ones. Little gains seem to be just more stables. Since the big stock crash of somewhere in 2008, the TSX is everything but not stable. I can definitely talk about it! The road had been rough for our mutual fund investments. But among the way, with a well diversified portfolio, everything is possible and I have to say, I have achieve my everything today.
So what happen today that I got a juicy boost in value? Well, even if they refused my RSP loan this year, Bank of Scotia (BNS) is in good business. The stock value had raised to the 52$. So you can imagine the positive effect on my portfolio as I own 105 stocks of that marvelous. Also, Yellow Pages Income Fund (YLO.UN) is at an extraordinary 6.53$. Those were 2 of our major investment portfolio boosters!
Sprott Inc. (SII) still under 4$ per unit and Just Energy Income Fund (JE.UN) again at less than 14$ per unit. Once those 2 will go up again, gains will be just spectacular. My non registered stocks and units investment portfolio could than worth close to the 50 000$ alone!
I finally complete my credit card limit request. I will learn more about it within 2 business days.
Other Internet projects among the way, a new Web site idea I wrote about previously… well, it’s still on going. My only problem is discipline. That’s the main reason why I wasn’t able to launch the project yet. I had been too busy counting and re-counting my money.
Sunday, April 18, 2010
I am now at 87 721.18$
I was very curious to see how much my value was now after my latest investment in 200 units of The Consumers’ Waterheater Income Fund (CWI.UN).
On date of April 18, 2010, I am at a healthy 87 721.18$, a lost of 74.94$ compare to April 5 but still, just a 74.94$ in losses is not that of a deal on a +80 000$ investment portfolio. Believe me, once Sprott Inc. (SII) will me over 4$ and when Just Energy Income Fund (JE.UN) will be over 14$ per unit just like it use to me, my portfolio will be than at more than 88 000$. And luckily, when I will make my next investment this upcoming June, the value of my portfolio may be reach 90 000$. In June, I plan to invest in 100 stocks of Corby Distilleries Limited (CDL.A), for a value of around 1 600$. Here how it could be in June:
88 000$ + an extra increase of 400$ of my portfolio + 1 600$
= 90 000$
I could possibly hit the 90 000$ in assets in June, but it will all depend of the stock market condition. So far, things are doing great. I am already at 909.92$ in dividend earning for 2010. Looking forward to have a lot more in dividend earning by the end of 2010. Cash just continue to flow. And the cash flow delivers some extra stocks and units among the way, which is even better that just cash alone.
If I could make an extra 1 000$ per month for the period of May-August 2010, I could reach my first 100 000.00$ in assets right on time for my 30th birthday, which is coming at the end of August. Interesting… My at this time, I am kind of use to my routine and stuff and job searching is not really what I want… but I guess I will think about this one in the upcoming days. Many times I wrote that I will job searching… But even with my current situation, I am doing relatively fine. And when I see where I am in my portfolio goal right now, well, I am kind of wow! I am just at a point where all this money enough for me. But shouldn’t I just shake up and go for more? Yes in a way, no in another way. Like right now, I have a lot of free time to do just whatever I want to do, counting my money or doing anything else lol…. But the possibility is there, I have to PUSH myself.
30 years old, 100 000.00$ in assets, 37 000$ in debts lol, what about that? The sooner the better because once my 100 000$ will be reach, I told myself I would be working at paying debts.
Everything is just so easy... or almost :0)
On date of April 18, 2010, I am at a healthy 87 721.18$, a lost of 74.94$ compare to April 5 but still, just a 74.94$ in losses is not that of a deal on a +80 000$ investment portfolio. Believe me, once Sprott Inc. (SII) will me over 4$ and when Just Energy Income Fund (JE.UN) will be over 14$ per unit just like it use to me, my portfolio will be than at more than 88 000$. And luckily, when I will make my next investment this upcoming June, the value of my portfolio may be reach 90 000$. In June, I plan to invest in 100 stocks of Corby Distilleries Limited (CDL.A), for a value of around 1 600$. Here how it could be in June:
88 000$ + an extra increase of 400$ of my portfolio + 1 600$
= 90 000$
I could possibly hit the 90 000$ in assets in June, but it will all depend of the stock market condition. So far, things are doing great. I am already at 909.92$ in dividend earning for 2010. Looking forward to have a lot more in dividend earning by the end of 2010. Cash just continue to flow. And the cash flow delivers some extra stocks and units among the way, which is even better that just cash alone.
If I could make an extra 1 000$ per month for the period of May-August 2010, I could reach my first 100 000.00$ in assets right on time for my 30th birthday, which is coming at the end of August. Interesting… My at this time, I am kind of use to my routine and stuff and job searching is not really what I want… but I guess I will think about this one in the upcoming days. Many times I wrote that I will job searching… But even with my current situation, I am doing relatively fine. And when I see where I am in my portfolio goal right now, well, I am kind of wow! I am just at a point where all this money enough for me. But shouldn’t I just shake up and go for more? Yes in a way, no in another way. Like right now, I have a lot of free time to do just whatever I want to do, counting my money or doing anything else lol…. But the possibility is there, I have to PUSH myself.
30 years old, 100 000.00$ in assets, 37 000$ in debts lol, what about that? The sooner the better because once my 100 000$ will be reach, I told myself I would be working at paying debts.
Everything is just so easy... or almost :0)
My stock investment portfolio in date of April 5, 2010
Savings:
1 002.69$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 053.35$
Timminco (TIM): 164$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 290.95$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 662.55$
Fortis (FTS): 3 045$
Pembina Pipeline Income Fund (PIF.UN):
7 289.45$
Just Energy Income Fund (JE.UN): 10 266.60$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 710.58$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 554$
Pengrowth Energy Trust (PGF.UN): 1 269.88$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 545$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 916$
Cash: 21.23$
TOTAL: 48 164.77$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 781.94$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 036$
Sprott Canadian Equity Fund: 5 160$
Cash: 21.69$
TOTAL: 8 999.63$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 046$
EnCana Corporation (ECA): 3 300$
Emera Incorporated (EMA): 4 926$
Cash: 259.15$
CIBC Dividend Growth Fund: 509.75$
CIBC Emerging Markets Index Fund: 454.74$
CIBC Monthly Income Fund: 982.01$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 109.88$
TD Monthly Income: 101.87$
TD Emerging Markets: 81.89$
TD Energy: 84.48$
TD Precious Metals: 104.09$
TD Latin American Growth: 96.20$
TD Entertainment & Communications: 105.54$
TD Dividend Growth: 201.91$
TD U.S. Mid-Cap Growth: 101.25$
Maritime Life International Equity Fund
(Templeton): 645.92$
Manulife Simplicity Growth Portfolio: 871.20$
Maritime Life CI Harbour Seg Fund: 1 029.66$
Maritime Life Fidelity True North Seg Fund: 982.40$
Maritime Life Trimark Europlus Seg Fund: 601.58$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 513.32$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.06$
RBC Global Resources Fund: 961.11$
RBC O’Shaughnessy International Equity Fund:
596.07$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 035.65$
GIC Canadian Market: 1 000$
TOTAL: 29 487.97$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(101.06$): 87 796.12$
[In date of April 5, 2010]
1 002.69$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 053.35$
Timminco (TIM): 164$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 290.95$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 662.55$
Fortis (FTS): 3 045$
Pembina Pipeline Income Fund (PIF.UN):
7 289.45$
Just Energy Income Fund (JE.UN): 10 266.60$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 710.58$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 554$
Pengrowth Energy Trust (PGF.UN): 1 269.88$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 545$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 916$
Cash: 21.23$
TOTAL: 48 164.77$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 781.94$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 036$
Sprott Canadian Equity Fund: 5 160$
Cash: 21.69$
TOTAL: 8 999.63$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 046$
EnCana Corporation (ECA): 3 300$
Emera Incorporated (EMA): 4 926$
Cash: 259.15$
CIBC Dividend Growth Fund: 509.75$
CIBC Emerging Markets Index Fund: 454.74$
CIBC Monthly Income Fund: 982.01$
Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$
GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$
TD Canadian Bond: 109.88$
TD Monthly Income: 101.87$
TD Emerging Markets: 81.89$
TD Energy: 84.48$
TD Precious Metals: 104.09$
TD Latin American Growth: 96.20$
TD Entertainment & Communications: 105.54$
TD Dividend Growth: 201.91$
TD U.S. Mid-Cap Growth: 101.25$
Maritime Life International Equity Fund
(Templeton): 645.92$
Manulife Simplicity Growth Portfolio: 871.20$
Maritime Life CI Harbour Seg Fund: 1 029.66$
Maritime Life Fidelity True North Seg Fund: 982.40$
Maritime Life Trimark Europlus Seg Fund: 601.58$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 513.32$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.06$
RBC Global Resources Fund: 961.11$
RBC O’Shaughnessy International Equity Fund:
596.07$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 035.65$
GIC Canadian Market: 1 000$
TOTAL: 29 487.97$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(101.06$): 87 796.12$
[In date of April 5, 2010]
Saturday, April 17, 2010
Money, dividend and budgeting for the month of May
The month of April is not over yet but I am already thinking my budget for May. Why? In May, I will start paying on my 10 000$ RSP loan. The monthly payment is about 107$. Also, one of my credit card balance transfer offer at 3.9% is getting to expire on May. For the first time ever, I am not quite happy with CIBC Visa because I had been told 2 different things by 2 reps… I should get organize better, but I got busy with all kind of different thing, not to forget about my laid off of BMO Bank of Montreal. Please do not forget about that one for me ok? Since I got laid off from BMO Bank of Montreal, I didn’t purchase a single piece of clothes. No new jeans, no new t-shirts, no new bra… NOTHING lol.. Not even a hair cut…. Talking about living miserably….
Financial success reside in a budget, and sometime on a really tight one
I write it on HubPages before, I am a natural saver. This allows me to manage everything without budgeting. The budget is kind of in my head and I never needed to write down expenses, etc… But my newest loan payment coming by, I needed to review my situation just to make sure everything fit at the right place, that I got laid off from BMO Bank of Montreal or not. Ok?
So what’s going to happen, several months after my laid off of BMO Bank of Montreal? Well, just the usual. Let’s check it out:
RSP credit line loan: 107$
Credit line 1: 150$
Credit line 2: 100$
Student loan: 100$
Visa 1: 150$
Visa 2: 100$
TOTAL: 707$
The minimum payment required on my debts is of 707$. To this amount we need to add my rent, 545$, and my Internet, 35$. All combine together, it will make 1 287$. To this amount, I add 400$ more groceries, coffees and everything else. It bring the total to 1 687$. Did you notice something? I remove the metro pass!
Talking about living frugally: I find an easy way to save 65$ per month
This is kind of a drastic choice for me who always enjoy traveling in the Montreal metro but as my budget is getting tighter and that I need to exercise more, anything I can do to save money and getting a bit more in shape is more than welcome. I just cannot deprive myself on coffees and other little eating out because it would just make me feel more miserable that what I am experimenting right now lol. So starting May 2010, no more metro pass! I am about 45 minutes walking distance from my day-time work. My weekend job is actually a walking distance away from my apartment. I can easily live without a metro pass. Just going to be rough for the first couple of days I guess. But it worth the try, 65$ is kind of good money. I am happy that I cross over this solution. Just for the period of May-November itself, I could save 455$.
Pembina Pipeline Income Fund (PIF.UN) dividends are in the house!
I just received 53.69$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Strangely, the DRIP is on. I am earning actually 3 extra units of PIF.UN. I will have to call T D Waterhouse because last month, my PIF.UN dividend didn’t DRIP. I previously call T D Waterhouse about it, and nothing had been done. On a certain way, some brokers of T D Waterhouse are not willing do no anything for you except selling or buying stocks for you as they can earned commission. That’s how it work at T D Waterhouse. If you have T D Waterhouse as broker, check your statement very carefully because after 60 days, if there’s a mistake of what so ever, T D Waterhouse won’t do anything. They are like that. In a way, T D Waterhouse and BMO Bank of Montreal share a lot of things. Both institution kind of suck on their own little way.
Anyhow, I had been thinking, calculating…
I have actually other projects on the way!
Yeahhhh!
Maximize my TFSA for 2010: Last year, I did some mistake with my TFSA. I taught withdraw made from the TFSA could be invested on the same year, but its not the case. Withdraw can be reinvested yes, but only 1 year after… I just waiting for my tax papers and I am going to look I what I did last year.. I am still confused about what I did, one year later… Isn’t a problem to be rich?
100 new stocks of Corby Distilleries Limited (CDL.A): So far, Corby Distilleries Limited (CDL.A) had brought great stability to my portfolio. I won’t be able to invest in 100 stocks of Corby Distilleries Limited (CDL.A) for next month, but it might be good for the month of June! This will allow me to benefit from the DRIP being offer so far from Corby Distilleries Limited (CDL.A). I should be able to earn at least 1 extra stock per distribution period.
Applying to a credit card increase at TD Visa: I have more than 70 000$ invested at T D Waterhouse, if it’s not even to get a 3 000$ limit increase at TD Visa… But we never know right? This is something I didn’t do yet but its something I will do online before the end of the weekend. And what if my credit line limit increase got refused? Solution: turning my current CIBC Dividend Visa card into one of CIBC credit card at an interest rate of 11%. My 3.9% interest on an amount of 2 735.78$ is ending on May. Close to 3 000$, the amount is kind of huge, but no way I am going to sell one of my investment without hitting first my first 100 000$. It’s all in the head; it’s stupid and hot at the same time. But I have a NO SELL rule…. I could ask for a credit line at RBC or something else, but I do not want to hurt my credit score too much. Not that I care that much about my credit score, but if I ma being refused a credit card limit increase, what are my change to get credit someplace else? Isn’t a difficult situation to deal with?
But we experience this when we applied for a RSP loan: I got refused at Bank of Scotia (they apparently didn’t give a damn about my 100 000$ assets project) but got approved at TD Canada Trust. This meaning that if you are getting refuse at some place, doesn’t mean you will automatically get refused at another place. My best advice: go for it and let it go! That’s the advice I am following myself.
At this point, the situation is pathetic, but I don’t want to sell, it’s my own fault. Just because of a revenge plan I have in the back of my head, spinning lol. Being rich is not as easy as it look like.
I could make a happy living on 1 000$ per month living on dividend
Living on dividend is possible. 1 000$ is not that much of money needed. Only 12 000$ in dividend earning is needed. But before getting into it, I will need to clear off all debts, have extra cash available as an emergency funds (I was thinking of 20 000$) and, of course, reach 12 000$ in annual dividend income. I won’t be able to achieve this in the upcoming year, but what about 3 or 4 years from now? It could work out, but still a lot of work ahead.
Financial success reside in a budget, and sometime on a really tight one
I write it on HubPages before, I am a natural saver. This allows me to manage everything without budgeting. The budget is kind of in my head and I never needed to write down expenses, etc… But my newest loan payment coming by, I needed to review my situation just to make sure everything fit at the right place, that I got laid off from BMO Bank of Montreal or not. Ok?
So what’s going to happen, several months after my laid off of BMO Bank of Montreal? Well, just the usual. Let’s check it out:
RSP credit line loan: 107$
Credit line 1: 150$
Credit line 2: 100$
Student loan: 100$
Visa 1: 150$
Visa 2: 100$
TOTAL: 707$
The minimum payment required on my debts is of 707$. To this amount we need to add my rent, 545$, and my Internet, 35$. All combine together, it will make 1 287$. To this amount, I add 400$ more groceries, coffees and everything else. It bring the total to 1 687$. Did you notice something? I remove the metro pass!
Talking about living frugally: I find an easy way to save 65$ per month
This is kind of a drastic choice for me who always enjoy traveling in the Montreal metro but as my budget is getting tighter and that I need to exercise more, anything I can do to save money and getting a bit more in shape is more than welcome. I just cannot deprive myself on coffees and other little eating out because it would just make me feel more miserable that what I am experimenting right now lol. So starting May 2010, no more metro pass! I am about 45 minutes walking distance from my day-time work. My weekend job is actually a walking distance away from my apartment. I can easily live without a metro pass. Just going to be rough for the first couple of days I guess. But it worth the try, 65$ is kind of good money. I am happy that I cross over this solution. Just for the period of May-November itself, I could save 455$.
Pembina Pipeline Income Fund (PIF.UN) dividends are in the house!
I just received 53.69$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Strangely, the DRIP is on. I am earning actually 3 extra units of PIF.UN. I will have to call T D Waterhouse because last month, my PIF.UN dividend didn’t DRIP. I previously call T D Waterhouse about it, and nothing had been done. On a certain way, some brokers of T D Waterhouse are not willing do no anything for you except selling or buying stocks for you as they can earned commission. That’s how it work at T D Waterhouse. If you have T D Waterhouse as broker, check your statement very carefully because after 60 days, if there’s a mistake of what so ever, T D Waterhouse won’t do anything. They are like that. In a way, T D Waterhouse and BMO Bank of Montreal share a lot of things. Both institution kind of suck on their own little way.
Anyhow, I had been thinking, calculating…
I have actually other projects on the way!
Yeahhhh!
Maximize my TFSA for 2010: Last year, I did some mistake with my TFSA. I taught withdraw made from the TFSA could be invested on the same year, but its not the case. Withdraw can be reinvested yes, but only 1 year after… I just waiting for my tax papers and I am going to look I what I did last year.. I am still confused about what I did, one year later… Isn’t a problem to be rich?
100 new stocks of Corby Distilleries Limited (CDL.A): So far, Corby Distilleries Limited (CDL.A) had brought great stability to my portfolio. I won’t be able to invest in 100 stocks of Corby Distilleries Limited (CDL.A) for next month, but it might be good for the month of June! This will allow me to benefit from the DRIP being offer so far from Corby Distilleries Limited (CDL.A). I should be able to earn at least 1 extra stock per distribution period.
Applying to a credit card increase at TD Visa: I have more than 70 000$ invested at T D Waterhouse, if it’s not even to get a 3 000$ limit increase at TD Visa… But we never know right? This is something I didn’t do yet but its something I will do online before the end of the weekend. And what if my credit line limit increase got refused? Solution: turning my current CIBC Dividend Visa card into one of CIBC credit card at an interest rate of 11%. My 3.9% interest on an amount of 2 735.78$ is ending on May. Close to 3 000$, the amount is kind of huge, but no way I am going to sell one of my investment without hitting first my first 100 000$. It’s all in the head; it’s stupid and hot at the same time. But I have a NO SELL rule…. I could ask for a credit line at RBC or something else, but I do not want to hurt my credit score too much. Not that I care that much about my credit score, but if I ma being refused a credit card limit increase, what are my change to get credit someplace else? Isn’t a difficult situation to deal with?
But we experience this when we applied for a RSP loan: I got refused at Bank of Scotia (they apparently didn’t give a damn about my 100 000$ assets project) but got approved at TD Canada Trust. This meaning that if you are getting refuse at some place, doesn’t mean you will automatically get refused at another place. My best advice: go for it and let it go! That’s the advice I am following myself.
At this point, the situation is pathetic, but I don’t want to sell, it’s my own fault. Just because of a revenge plan I have in the back of my head, spinning lol. Being rich is not as easy as it look like.
I could make a happy living on 1 000$ per month living on dividend
Living on dividend is possible. 1 000$ is not that much of money needed. Only 12 000$ in dividend earning is needed. But before getting into it, I will need to clear off all debts, have extra cash available as an emergency funds (I was thinking of 20 000$) and, of course, reach 12 000$ in annual dividend income. I won’t be able to achieve this in the upcoming year, but what about 3 or 4 years from now? It could work out, but still a lot of work ahead.
Friday, April 16, 2010
Building financial wealth one investment at a time
Early this morning before going to wok, I had placed my order to purchase 200 units of Consumers’ Waterheater Income Fund (CWI.UN). I place the price limit at 5.30$. My order went through at the opening, which was 5.27$. Consumers’ Waterheater Income Fund (CWI.UN) close the day at 5.22$. I had Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio before, but in the TFSA. Now, I also hold Consumers’ Waterheater Income Fund (CWI.UN) in the non registered part of my portfolio.
Investing in the stock market is really addictive. I could have leaved the money on my credit line, it would had made more sense, but I just couldn’t. I invested in 200 units of Consumers’ Waterheater Income Fund (CWI.UN) because I wanted to do something out of this 1 000$. At the end, I currently have 265$ in emergency fund lol. I can say that right now, I am living paycheck to paycheck. It’s a personal choice. I really want to hit the 100 000.00$ in assets by 2010. It’s just something I had in mind for a couple of months now, even before my BMO Bank of Montreal adventure. Being laid off of BMO Bank of Montreal didn’t change anything. I still can invest and build a future financial wealth even after being laid off of BMO Bank of Montreal. And the future is here… or close by.
Ok, so currently, my non registered portfolio is at 48 675.30$. This being after, of course, my newest investment of 1 048$ in the Consumers’ Waterheater Income Fund (CWI.UN). Yeah!
48 675.30$ - 1 048$ = 47 627.30$
47 627.30$ is the value of my non registered portfolio where it was before adding on 200 units of CWI.UN. 47 627.30$ represent a lost of 537.47$ compare to April 5. Back than, I was at an outstanding, almost perfect 48 164.77$. Loosing 537.46$ is not a drastic lost. The value of my investments will go up again, its just a matter of time. I like it very much when everything goes up. But when it goes down, it goes down.
Oh, and I almost forgot: Welcome again, Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio!
Another investment, another step forward to My First 100 000.00$.
Investing in the stock market is really addictive. I could have leaved the money on my credit line, it would had made more sense, but I just couldn’t. I invested in 200 units of Consumers’ Waterheater Income Fund (CWI.UN) because I wanted to do something out of this 1 000$. At the end, I currently have 265$ in emergency fund lol. I can say that right now, I am living paycheck to paycheck. It’s a personal choice. I really want to hit the 100 000.00$ in assets by 2010. It’s just something I had in mind for a couple of months now, even before my BMO Bank of Montreal adventure. Being laid off of BMO Bank of Montreal didn’t change anything. I still can invest and build a future financial wealth even after being laid off of BMO Bank of Montreal. And the future is here… or close by.
Ok, so currently, my non registered portfolio is at 48 675.30$. This being after, of course, my newest investment of 1 048$ in the Consumers’ Waterheater Income Fund (CWI.UN). Yeah!
48 675.30$ - 1 048$ = 47 627.30$
47 627.30$ is the value of my non registered portfolio where it was before adding on 200 units of CWI.UN. 47 627.30$ represent a lost of 537.47$ compare to April 5. Back than, I was at an outstanding, almost perfect 48 164.77$. Loosing 537.46$ is not a drastic lost. The value of my investments will go up again, its just a matter of time. I like it very much when everything goes up. But when it goes down, it goes down.
Oh, and I almost forgot: Welcome again, Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio!
Another investment, another step forward to My First 100 000.00$.
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