An earthquake hit Montreal today

I knew I wasn’t dreaming: there’s been a earthquake today in Montreal! I felt it! And it was like wouahhhhhhh, what’s going on? I was working at the time it happen on the 5th floor of a building downtown Montreal. It didn’t scare me, but I look at a colleague of mine and he back look at me… I might had that look in my face, hey, what’s going on dude? We were receiving calls. I was on call when I felt it shake. It actually shake hard for a couple of seconds, but after it pass away. I didn’t talk to no one about it. It was a small earthquake but still. Enough to feel it. I quickly forget about the incident as we were receiving calls after calls… But just now by reading the news…….. yep, there’s been an earthquake today in Montreal!

Just my checking into my online broker account, I received today Enbridge Income Fund (ENF.UN) dividend, a 29.76$ that bring 2 brand new units in the house! Its always a new surprise everyday, to come home, check my broker account, see if a new dividend had came in… So far for 2010, I am now at 1 620.40$ in dividend income, which is not bad at all. By the end of 2010, I should received somewhere around 4 300$. Wouldn’t be nice to go on a vacations one day on dividend money? Also today, I had received 24.17$ from Bell Aliant (BA.UN). The dividend are slowly adding up. Nice! I am looking for a nice paycheck next week of my daytime job because of the infamous St-Jean Baptiste. And of course, I won’t be celebrating the St-Jean Baptiste tomorrow.

And good news, I am still working at my part-time job this weekend. So life is good far, despite living it in Quebec.

It was time for a little investment portfolio update

I am always happy when the TSX gains some points. At some point of the day, the TSX had reached 12 000 points. When it did, I told myself, its still possible despite everything, I have a chance to make it happen (I mean reach my 100 000$ in assets of course!). The first time I did after work was to buy 2 lottery tickets (I am feeling quite lucky these days I have to say despite my work situation, but work is not everything, right?) and updating my investment portfolio. And the result is just WOW! Still work on the way, if I had money to invest it could be even better but… no rush, it’s the summer! :0)

Anyhow, let's talk business lol - I am now at 88 336.16$ in assets, a gain of 1 503.54$ compare to June 11. Just missing 1 663.84$ before hitting the 90 000$ in assets! Even there, knowing that just so little money is needed before I reach my goal, I am not in a big rush to search for a job or do anything like it. Guess getting rich had this positive effect on me lol. But if my portfolio is doing well, I still have a major problem to resolve, that being the expiration of the promotional rate on 2 of my credit card balance transfer – that being a 8 000$ and something that I borrow to invest. On date of today, I don’t regret my move, my investments are doing great. I enjoy the dividend. I obtain gains on a regular basis. As my goal being to preserve my capital and earn dividend and not to beat the index and blow my mind, I guess I can say I had obtained strong results – keeping in mind what are my objectives. Major dividends are in the way. In total of the month of June, I am waiting for something like 400$ as I previously said I thing.

I am just very happy with the results of today. Tralala!

My stock investment portfolio in date of June 21, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 802.50$
Timminco (TIM): 124$
Blue Note Mining (BNT): 30$
Bank of Nova Scotia (BNS): 5 464.30$
Hanwei Energy Services (HE): 124.50$
Methanex Corporation (MX): 2 317.50$
Fortis (FTS): 2 989.20$
Pembina Pipeline Income Fund (PIF.UN):
7 521.05$
Just Energy Income Fund (JE.UN): 9 632.59$
Yellow Pages Income Fund (YLO.UN):
2 825.75$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 552$
Pengrowth Energy Trust (PGF.UN): 2 148.66$
Enbridge Income Fund (ENF.UN): 4 206.70$
Corby Distilleries Limited (CDL.A): 1 555$
Davis + Henderson Income Fund (DHF.UN):
1 728$
Premium Brands Holdings Corporation (PBH):
2 574$
Cash: 5.50$

TOTAL: 47 601.25$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 700.19$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 876$
Sprott Canadian Equity Fund:
5 195.90$
Dumont Nickel Inc. (DNI): 431.25$
Cash: 54.09$

TOTAL: 10 257.43$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 758.56$
EnCana Corporation (ECA): 3 524$
Emera Incorporated (EMA): 5 090.40$
Cash: 9.68$

CIBC Dividend Growth Fund: 502.69$
CIBC Emerging Markets Index Fund: 399.17$
CIBC Monthly Income Fund: 1 004.88$

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 Plus: 500$

TD Canadian Bond: 114.65$
TD Monthly Income: 105.65$
TD Emerging Markets: 79.51$
TD Energy: 82.41$
TD Precious Metals: 112.13$
TD Latin American Growth: 91.24$
TD Entertainment and Communications: 103.87$
TD Dividend Growth: 200.34$
TD U.S. Mid-Cap Growth: 99.49$

Maritime Life International Equity Fund
(Templeton): 589.85$
Manulife Simplicity Growth Portfolio: 837.28$
Maritime Life CI Harbour Seg Fund: 995.35$
Maritime Life Fidelity True North Seg Fund: 960.04$
Maritime Life Trimark Europlus Seg Fund: 560.05$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 511.86$
RBC U.S. Mid-Cap Equity Fund C$: 1 765.73$
RBC Global Resources Fund: 833.08$
RBC O’Shaughnessy International Equity Fund:
553.06$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 026.82$

GIC Canadian Market: 1 000$

TOTAL: 29 383.72$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(53.76$):
88 336.16$

Will I have financial trouble among the way?

This is it, but I knew it, my weekend job is coming to an end. Usually, spring and the summer are among their real busy months, but this year, seems like major contracts had been assigned to other companies and well, I may not be working at my weekend job until September. I am working this weekend. Today I came back from work and was tired. Yesterday, I went watched La Compagnie Créole at the Francopholies (a Montreal French festival) and it was really great. After their show, there was other shows, like Xavier Caféine that I wanted to see, but I was way too tired and remember, I have no more metro pass so after the show of La Compagnie Créole, I have to walk back home, around 45 minutes I guess but still. I just wake up, around 2 hours of sleep and here I am, looking at my overall situation and my investment portfolio.

I am not making that of a salary but I always been able to manage everything that could happen to me, financially speaking. And here am I, soon without my weekend job. Not that I was making that much money, but I knew the work and the salary I was earning allow me to pay my rent, among other. With that job plus my daytime job, I have to say, everything was working perfectly well. I taught maybe I was going to have work for July, but it might not be. Even for next week, I am on « stand by » I was told, so I will see what happen. In a certain way, I just cannot wait to spend my weekend at doing stuff I want. Montreal is really great in the summer (despite the Quebeckers lol) and the Jazz Festival is coming really soon! Many great bands. I don’t know most of the band that are coming to play, if not just Lionel Richie. The ticket is a bit expensive for me so I won’t see him. BUT I will be seeing the free shows and maybe one show at the Astral, new theater, very great. It will change to see shows always standing on my 2 feet. That can be quite exhausting after a couple of hours, especially after a day spends at wok. Last year, I wasn’t able to see too much shows of the Jazz Festival as I was working during the evening. But now, I will be able to go see all the shows I want.

Even if I am out of a weekend job, I will be able to make ends meet. I will be missing the money and I will definitively not be able to make any new investment in the upcoming weeks but – can’t you imagine the freedom of not working 2 days in a row? I had been working during the weekend non stop from January to June now, which makes 6 months. From what I had experiment so far with my weekend job, I am always getting out of work every 6 months or so. Which mean that my time had come...

So now, I am stock in a position where I want some free time (2 days off in a row, think about that! lol) and reaching my financial goal, which is to reach 100 000$ in assets in case you don’t know lol – and all that by the end of 2010. But if it doesn’t happen, it won’t be the end of the world either. At this time, I am pretty more into free time than getting involved in a job search. So what’s going to happen to the Dividend Girl? Am I going to survive? And the big question: will I have financial trouble among the way? That’s all depend.

Let’s take a look at my budget.

This is my real frugal budget for the upcoming month:

Rent: 545$
Internet: 50$
Student loan: 99$
Credit card 1: 50$
Credit card 2: 26$
RSP loan: 108$
Credit line number 1: 150$
Credit line number 2: 100$
TOTAL: 1 133$

Yeah, I know……. Quite some money!

I will be making 250$ in payment on my credit lines. That money can be withdraw and use for other things in case of need. But of course, might be a good idea to take just in case of real needs.

Let’s say, anyhow:

1 133$ - 250$ = 883$

883$ is the amount of money going to rent and minimum credit card payments. I can handle this amount of minimum require. And of course, no metro pass… sniff sniff… lol.

And what about groceries? You know, like eating food oh lollllllll! I didn’t forget about it. I put myself on a 40$ grocery per week, for an amount of 160$ per month….

883$ + 160$ = 1 043$

At 1 043$, I will be able to meet ends without selling any of my investment. I will also be able to save around 300$ in cash each month also…

The hilarious part is the 160$ spend on groceries. Will I be able to spend as low as 30$ per month on groceries? Guess I am having no choices! Perhaps, this is just so the perfect time to begin a diet and finally loose that baby fat! Just soooo the perfect timing, just 2 months before my birthday. I may fit in a bikini by than, who knows? And if it happens, I promise a picture! LOL!!!!!!!!!! Time to watch out, the Dividend Girl getting ready to fit in a bikini. And a real small one! lol! Can you imagine, 120$ in grocery per month??? No more Second Cup coffees, that’s for sure.

Anyhow, as I am getting all excited, I have real good news for my old colleagues of BMO Bank of Montreal: Wal-Mart is going to offer banking services all across Canada at a super low price! Isn’t great? BMO Bank of Montreal will stop being ripped off by incompetents! Say hello to Wal-Mart, say hello to tiny little banking fees (and my tiny bikini)! Hurrah to Wal-Mart! The summer is going to be HOT. Real hot!

Ok……. REWIND, let’s go back to my very own personal financial situation.

Just to say quickly that I will be living on that kind of difficult budget until my weekend job come back or until I find another job. But for now, just thinking about having the upcoming weekends just all for myself make me feel happy. At a point, I could also cash in my dividend if I want to have a bit more comfortable living to bring an around 360$ extra in the house per month. But at this time, everything stay the same, and the 100 000$ assets goal stay on « stand by ».

I had received this weekend 14.42$ in dividend from Pengrowth Energy Trust (PGF.UN) and earned one extra unit. For the month of June so far, I am at 229.34$ in dividend earnings and for 2010 so far, I am at 1 590.64$. Very far behind the Dividend Lover who is at close to 19 000$ in dividend earnings (check that out!), but when it come to dividend, I compete with my own little self, not with the big guys like Dividend Lover. You know, got to keep it real.

Of course I wasn’t planning living on a so tight budget ever in my life but my laid off of BMO Bank of Montreal wasn’t plan either. (!!!!).

And what else? Just one last thing!

I had close to 8 000$ at 4.5% in a credit card balance transfert that’s going to end in October and an exact 1 273.88$ at 3.5% ending in September… After what, the interest rate will be of 19% or somehing like it… We might be only in June, but time pass by so quickly... and September and October are not that far away… So what are the alternatives?

-Pray God to be target for a credit card balance transfert at low interest.
-Ask TD for a credit line increase.
-Check out at RBC for a credit line.

Yep………… DIFFICULT isn’t?

Why having it simple and nice when everything can be complex and……. so difficult lol……… It’s going to be a very fun summer! I am still in search of a solution at this time.

A gain of 537.80$ for my non registered investment portfolio

My investment portfolio is now at 47 281.72$, which represent a gain of 537.80$ compare to my latest update. I didn’t have time to update my portfolio. I am trying very hard to do some extr hours at my job. Only problem – too many calls. So many calls, that I don’t even have time to catch my breath between calls. And of course, this exhaust me even more. I wonder for how long it will keep going on. I really cannot wait for the weekend! I hope there will be work for my at my weekend job because belive it or not, I now have around 700$ accumulated on my RBC Visa. It’s because of the shopping of last month. I will be able to pay off this credit card by July 2, before facing the interest… My RBC Visa is the card I use for my everyday purchases – including shopping. So everything calculated all together make this huge balance.

Good news! Premium Brands Holdings Corporation (PBH) had announced yesterday a 0.294$ per stock dividend for June 30. Strangely, I was doing search on Premium Brands Holdings Corporation to chech how in world the stock keep loosing value: from a fabulous 14$ or so to not even 13$... What’s going on? I was thinking about selling. But now that the company had announced a dividend……… which mean money in the house right (58.80$) – I won’t sell Premium Brands Holdings Corporation.

The DRIP for Pembina Pipeline Income Fund (PIF.UN) is back!

I received 3 brand new units from Pembina Pipeline Income Fund (PIF.UN) DRIP, for a total of 54.08$. Also, I had received Yellow Pages Income Fund (YLO.UN) dividend (29.41$) and Corby Distilleries Limited (CDL.A) dividend – 14$. After the DRIP, I had left 19$ in cash, which I use 2 days agot o go to the moviie. My paycheck for today is only of 648.02$. So whatever money is welcome. Looking forward for a better paycheck in 2 weeks, how about 800$ or 1 000$? But it will all depend on how mnay hours I can support working without risking my mental health (yes, there’s that many calls!!!!) lol.

The weekend quickly pass by

It’s been a quiet weekend as I work all weekend long – again lol. But I won’t complaint, as I needed the money. See I received my TFSA over-contribution penalty paper. I need to pay an amount of 75$. I had made an over-contribution that last for less than a month last year. But even there, a penalty needs to be paid and I have to say, I was upset when I open up that letter. Look like a part of the money I had put aside will go as penalty payment.

Anyhow, my life is not all of bad news. I calculated my overall investment portfolio value this Friday and I only lost around 200$. I am currently at 86 832.62$. I wanted 90 000$ for July. I may be able to make it if the value of my investment rises a bit. Luckily, I might be able to make a 2 000$ investment. Why? Because there’s O-V-E-R-T-I-M-E available at my job, full open, not like last time. So get ready for the 50 hours per week! I am even having problem to reach the 35 hours per week right now lol but I am ready to push it a bit further. See, every single time I am thinking about job searching, something happen. This time, its overtime. In those difficult times, I prefer to stick to what I already have and do overtime. So this is how life goes for now.

My stock investment portfolio in date of June 11, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 812.80$
Timminco (TIM): 102$
Blue Note Mining (BNT): 30$
Bank of Nova Scotia (BNS): 5 304.24$
Hanwei Energy Services (HE): 123$
Methanex Corporation (MX): 2 263.94$
Fortis (FTS): 2 925.60$
Pembina Pipeline Income Fund (PIF.UN):
7 300.80$
Just Energy Income Fund (JE.UN): 9 676.81$
Yellow Pages Income Fund (YLO.UN):
2 703.33$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 543$
Pengrowth Energy Trust (PGF.UN): 2 051.76$
Enbridge Income Fund (ENF.UN): 4 101.30$
Corby Distilleries Limited (CDL.A): 1 570$
Davis + Henderson Income Fund (DHF.UN):
1 641$
Premium Brands Holdings Corporation (PBH):
2 594$
Cash: 0.34$

TOTAL: 46 743.92$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 646.75$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 840$
Sprott Canadian Equity Fund:
5 033.67$
Dumont Nickel Inc. (DNI): 373.75$
Cash: 54.09$

TOTAL: 9 948.26$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 748.42$
EnCana Corporation (ECA): 3 463$
Emera Incorporated (EMA): 5 052.02$
Cash: 9.67$

CIBC Dividend Growth Fund: 492.13$
CIBC Emerging Markets Index Fund: 387.48$
CIBC Monthly Income Fund: 988.84$

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 Plus: 500$

TD Canadian Bond: 113.96$
TD Monthly Income: 103.44$
TD Emerging Markets: 75.98$
TD Energy: 80.81$
TD Precious Metals: 109.61$
TD Latin American Growth: 89.08$
TD Entertainment and Communications: 102.70$
TD Dividend Growth: 194.79$
TD U.S. Mid-Cap Growth: 98.66$

Maritime Life International Equity Fund
(Templeton): 570.91$
Manulife Simplicity Growth Portfolio: 823.74$
Maritime Life CI Harbour Seg Fund: 980.35$
Maritime Life Fidelity True North Seg Fund: 941.66$
Maritime Life Trimark Europlus Seg Fund: 552.60$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 499.39$
RBC U.S. Mid-Cap Equity Fund C$: 1 749.67$
RBC Global Resources Fund: 817.95$
RBC O’Shaughnessy International Equity Fund:
531.37$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 001.85$

GIC Canadian Market: 1 000$

TOTAL: 29 052.01$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(48.43$):
86 832.62$

My investment portfolio in date of May 31, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 925.12$
Timminco (TIM): 114$
Blue Note Mining (BNT): 34$
Bank of Nova Scotia (BNS): 5 114.50$
Hanwei Energy Services (HE): 141$
Methanex Corporation (MX): 2 242.31$
Fortis (FTS): 2 830.80$
Pembina Pipeline Income Fund (PIF.UN):
7 280$
Just Energy Income Fund (JE.UN): 9 714.99$
Yellow Pages Income Fund (YLO.UN):
2 822.40$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 570$
Pengrowth Energy Trust (PGF.UN): 2 078.54$
Enbridge Income Fund (ENF.UN): 4 126.10$
Corby Distilleries Limited (CDL.A): 1 520$
Davis + Henderson Income Fund (DHF.UN):
1 687$
Premium Brands Holdings Corporation (PBH):
2 700$
Cash: 5.69$

TOTAL: 46 906.45$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 691.30$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 884$
Sprott Canadian Equity Fund:
5 200.36$
Dumont Nickel Inc. (DNI): 373.75$
Cash: 54.09$

TOTAL: 10 203.50$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 210$
EnCana Corporation (ECA): 3 324$
Emera Incorporated (EMA): 4 862$
Cash: 1 535.97$

CIBC Dividend Growth Fund: 494.21$
CIBC Emerging Markets Index Fund: 439.66$
CIBC Monthly Income Fund: 994.95$

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 Plus: 500$

TD Canadian Bond: 114.22$
TD Monthly Income: 103.91$
TD Emerging Markets: 77.14$
TD Energy: 79.37$
TD Precious Metals: 109.79$
TD Latin American Growth: 87.23$
TD Entertainment and Communications: 104.27$
TD Dividend Growth: 195.95$
TD U.S. Mid-Cap Growth: 99.82$

Maritime Life International Equity Fund
(Templeton): 583.33$
Manulife Simplicity Growth Portfolio: 831.14$
Maritime Life CI Harbour Seg Fund: 978.12$
Maritime Life Fidelity True North Seg Fund: 948.76$
Maritime Life Trimark Europlus Seg Fund: 547.19$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 502.59$
RBC U.S. Mid-Cap Equity Fund C$: 1 766.23$
RBC Global Resources Fund: 845.31$
RBC O’Shaughnessy International Equity Fund:
538.69$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 003.68$

GIC Canadian Market: 1 000$

TOTAL: 27 582.60$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(43.45$):
87 042.86$

Putting some money aside just in case

So far, I had been free as a bird, investing, borrowing to invest, and doing whatever I wanted with my money. But its looking like things are… changing and suddenly, putting cash aside on an emergency fund seem a lot less boring now. My weekend job will continue for the month of June. As for the month of the July, it’s not that sure. Right there, it’s making 650$ less in my pockets. Currently, I have somewhere around 850$ in cash. And for the first time since a very long time, the cash might remain in my account. Actually, the cash won’t exactly remain in the banking account, it will go as payment on my TD credit line (remember, the one at 8%....... that now turn to be at 8.25%!!!!).

I went to pay my BMO Bank of Montreal credit line and as usual, I wasn’t well-served. I want to the branch located on St-Catherine, right downtown, near the Eaton Centre. I really hate that branch because before seeing a cashier, you have to print a stupid little piece of paper on where you find a number and customers are being served following the number they get. I don’t even understand why a branch will get that stupid system, just felt like I was going to renew my driver license. But that wasn’t the purpose of my visit. Anyhow, I went to that branch because on my way. Why did I hate the service? Well you know, those Quebeckers, always wanted to show you they know everything. I simply ask the cashier what was the minimum I needed to pay on my credit line. And there she began to talk. And you know, those Quebeckers, I hate them even more when they actually talk to me directly, thinking maybe I am one of them. So the cashier continue her talk unfortunately, and begin to show me the screen of her computer, saying the number printed on the receipt is not the number that appear on the actual credit line card… Like what the hell! Don’t you think I didn’t notice that before? I mean, BMO Bank of Montreal banking services are so disgusting: made by Quebeckers FOR Quebeckers ONLY lol!

I have to say, I am pretty happy with TD Canada Trust, a « real » Canadian bank and the best Canadian bank in Canada. Even with a so-so job situation, even after I had being laid off from my BMO Bank of Montreal job, TD Canada Trust had giving me a credit line of 10 000$ from my RSP loan. I will be forever grateful to people of TD for giving me that 10 000$ loan. Why? Because I have a chance to hit the magic 100 000$ in assets by the end of 2010. The chance is slim, but there’s still a possibility and it’s actually the only reason why I wanted to get a RSP credit line on the first place. The person who took my loan request at TD was an Arabic man. I love Arabic, I love black guys, Chinese, Asians…….. But don’t ask me to do business with a real Quebecker white born in Quebec, because nothing works between me and Quebeckers. I just can’t explain it. It’s just there.

One of my readers from BC sends me some pretty hilarious emails sometimes and here’s one of them. I guess he won’t mind. It’s call « The Parking ticket », involving a senior citizens couple:

The other day my wife and I went into town and went into a shop. We were only in there for about 5 minutes. When we came out, there was a cop writing out a parking ticket. We went up to him and said, 'Come on man, how about giving a senior citizen a break?'

He ignored us and continued writing the ticket. I called him a Nazi turd. He glared at me and started writing another ticket for having worn tires. So my wife called him a shit-head. He finished the second ticket and put it on the windshield with the first. Then he started writing a third ticket. This went on for about 20 minutes. The more we abused him, the more tickets he wrote.

Personally, we didn't care. We came into town by bus and the car had a Quebec sticker. We try to have a little fun each day now that we're retired. It's important at our age

What do you think? Pretty funny isn’t?

I got fired from BMO Bank of Montreal less than 3 months after being hired from them. I actually got fired after getting a 5 000$ credit line and 4 000$ credit card. Not only did I get treated unfairly; put so did a friend who got fired at the time of the integration session. BMO Bank of Montreal is one of the worst financial institutions we have in Canada. But great news, its not even a Canadian institution, it’s a « Quebec » institution. So nothing to worry too much about. BMO Bank of Montreal won’t go very far. Trust me. A couple of months ago:

BMO Bank of Montreal got its credit ranking decrease,

BMO Nesbitt Burns employees suit a complaint about their employer, BMO Bank of Montreal who didn’t pay them overtime,

BMO Bank of Montreal got involved in a huggggge mortgage fraud – very good for them – and even more recently,

BMO InvestorLine informatics system got a couple of glitch, costing thousands of dollars to investors who had made the wrong choice, choosing BMO InvestorLine as broker. After all this, come and tell me all this is not in result of my January 2010 laid off from BMO Bank of Montreal? That’s what happen when some of the other, the Quebeckers decide to laid off the result (me of course) of centuries of blood stoppers. That one was pretty ugly isn’t?

But you have to get a straight picture of what’s really going on with BMO Bank of Montreal: Nothing similar is going on with other Canadian banks like TD Canada Trust, RBC, CIBC and so on…. You know the real good ones. Anyhow, look like BMO Bank of Montreal is finally getting the kind of shit it’s deserve. I am just writing about blood stoppers for the fun of it, those things are common in rural New Brunswick. You have to believe in God to believe in blood stoppers and you have to believe in blood stoppers these days if you want to do well on the stock market!

Why am I saying this?

Well, my latest investment, 138 units of Claymore Gold Bullion ETF (CGL) at 10.86$ per unit. This investment was made on June 4th. Today, Claymore Gold Bullion ETF (CGL) had closed at… 11.18$! This represent a profit of 44.16$ within a couple of days! The rest of the portfolio is following the market condition. I am looking forward for gains, TSX point gains. Right now, the stock market is the place to be for small and very small investors like myself! Enough for tonight.

Sprott Inc. (SII) dividend are in the house for June

So far, its been a quiet weekend. I finish my day at work and went shopping for a few things I needed. After, I decided it was time to clean my place… lol. I am feeling much better time just like everytime I clean. It could be easier to clean every week, but I have better things to do! Anyhow, I just have laundry left. So I am working as always this weekend at my weekend job. Its great to have this job because it bring me extra cash. I just worried a bit because there could be no work in a little while so I wonder how it will turn out. I am not into job searching as I am just alright the way I am, but what if there’s no more work at my weekend job? Than, it’s going to be the end of the world. My day time job is stable and my weekend job a bit less, as they work on contracts. I don’t have the best job situation in the world, but I am making enough money to invest from time to time and I enjoy my free evenings. But I think about job searching all the time but I am so busy that I am not willing to get invole in a job search. I didn’t purchase my metro pass for the month of June and it’s easier than I taught it will be. And surprise, I just received today Sprott Inc. (SII) dividend, 12.50$! At least, good news :) Th dividend should DRIP, giving me 4 stocks or around. Yeahhh!

Welcome again Claymore Gold Bullion ETF (CGL) in my online future trading brokerage!

I just invested in 138 new units of Claymore Gold Bullion ETF (CGL) at 10.85$ for my RSP online future trading brokerage! Welcome again Claymore Gold Bullion ETF (CGL)!

Great gains today for my investment portfolio!

My non registered portfolio jump from 46 549.09$ (yesterday value) to a nice 46 900$! Just missing 100$ to reach the 47 000$! I hope the market will finish the week on a positive note. And if so, I will update my investment portfolio. These days, whenever the market is up, I post an update of my portfolio, latest version had been made just a couple of days ago but I cannot help it, whenever the market goes up, I am getting all excited and I have to say, update my portfolio when experimenting some gains can be quite rewarding.

Just Energy Income Fund (JE.UN) & Fortis (FTS) dividend!

I had received Just Energy Income Fund (JE.UN) money dividend (75.53$) and also Fortis (FTS) dividend (29.40$). I earned 6 new units of Just Energy Income Fund and one brand new stock from Fortis. The DRIP really worth it and I really appreciate my new units and stock. Its help creating extra value to my portfolio and since I do not need the cash for now… let’s DRIP!

My job situation is not one of the most comfortable as I lost my sales commissions (around 300$) over something I didn’t do correctly and I have to say, I begin to have enough and I would like to be free as a bird and leave Quebec province behind. FOREVER lol. I just cannot take any more shit from Quebeckers. Yes, stuff could happen to me outside Quebec, but at least, I will certainly feel better being somewhere part of the Constitution and knowing I am dealing somewhere, someplace with real Canadians, with a real sense of a country and values, you know what I mean? Anyhow, my life won’t be forever a land of frustrations, I promised.

RSP money from GIC

As I getting so RICH on dividend (the month of June had just begin that I already received more than 100$ in dividend money) I had received my money from my GIC. I currently hold 1 535.97$ in cash in my RSP broker account! The money had arrived today! Now the question being: in what am I going to invest in? Sooooo many choices! But I decide to invest more in gold by buying more units of Claymore Gold Bullion ETF (CGL). RSP is a perfect place to invest in gold since it’s for a long term investment. And it’s exactly how I view gold investment: buy and hold forever or until needed… Until now, my investment in the Claymore Gold Bullion ETF (CGL) had provided stability to my portfolio and I had been well-served with it. The Claymore Gold Bullion ETF (CGL) had closed today at 10.91$, so I am looking to place an order for 130 units. After what I will have left just a little in cash. That’s the plan. Claymore Gold Bullion ETF (CGL) IS THE investment that will make me rich! And talking about being rich lol, EnCana Corporation (ECA) is way too hot right now! EnCana is almost at 35$ per stock! Just very awesome! It’s all about buying quality like you know who!

And who’s the who?

It’s Derek Foster! I guess Derek Foster is taking care of business before hitting the road with his bunch of little kids and splendid Amazon wife lol! I am saying this because Derek Foster had announced a cross-country trip with his family this summer! That’s nice, but because of Derek Foster, I am in BIG TROUBLE!! Derek Foster has sold out his units of The Consumers’ Waterheater Income Fund without telling anyone!!! What a nightmare! Ok, this is just a joke right. But fact is, Derek Foster had sold his The Consumers’ Waterheater Income Fund! Does it mean we should all sell our The Consumers’ Waterheater Income Fund units? I don’t think so. Derek Foster is dealing with much more huge sum of money that most people do and that allow him to do strategic moves and so on. I had been following The Consumers’ Waterheater Income Fund (CWI.UN) and everything is fine with the company. Derek Foster may have sold his units, but I won’t sell mines. Why? Because the dividend is fun, I had received last time just a bit more than 20$ in dividend from The Consumers’ Waterheater Income Fund (CWI.UN) and that’s what I am personally looking for: dividend! For small investors like myself, if Derek Foster would write an investor letter and not a news letter, it would be very difficult to follow. Why? Well Derek Foster seems to be healthier financially than ever. Derek Foster decided to stick to EXTREMELY HIGH quality stocks. But high quality stocks = a lot of $$$, and not necessary a lot of dividend money payout. And guess what, this week, I had received 650$ in paycheck. Not a penny more lol. So can you please tell me how in the world am I going to be able to follow Derek Foster every investment moves? That might actually never going to happen. With my retirement plan at 1 000$ per month in dividend, trust me, life is going to be frugal lol. But that’s because it’s exactly what I want. So for now, I am holding on The Consumers’ Waterheater Income Fund (CWI.UN) and enjoying the rewarding dividend.

Anyhow, it’s always fun to hear about Derek Foster and if you don’t have a clue who in the world is Derek Foster, you can click here.

Tomorrow is Friday and I just can’t wait.

June 2, 2010: Getting good result from recent TSX gains

No one can tell what tomorrow will be made off but today, the stock market had gain interesting points! My portfolio slowly recover from its loss and I have too say, I am very happy about it! My non registered stocks and units portfolio is currently at 46 549.09$. It’s seem like my overall portfolio is in better shape, just like myself….

For a second month in a row, I am going without a metro pass and when its raining outside, I tell myself: I am not made of chocolate! Short post but I am exhausted. I am waiting for my 1 200$ and something RSP transfer. I am hoping for a gold investment in Claymore rather than Just Energy Income Fund (JE.UN). Going to talk later on my new gold investment when the money will be there for real in the RSP account. Just can't wait! The money had disappeared from my RSP banking account, so I guess its a good sign, the money is going to be in my broker account real soon. So just good news for now.

Brian Mulroney is a pig

Brian Mulroney is such a pig, such a very nice example of who Quebeckers are truly are: PIGS. Brian Mulroney arrogance on Monday appearance in Toronto among Nobel Peace Prize winner Elie Wiesel is just a sign of his intelligence. A Nobel Peace Prize sitting next to the biggest Quebec ****** of all. I wrote about Mulroney before, and I guess the writing will never stop. If Brian Mulroney had been able to accept cash while being PM, showing up publicly even after.... I mean, we know about the Airbus, we know about the Schreiber affair. There’s been 2 publicly knows, 2 publicly recognize stories, but if there’s been 2, there could be more. And I believe that Brian Mulroney is hiding a lot more than what we publicly know. Are Canadians are completely dumb or what? The money cash from Brian Mulroney had probably served to pay for the education of his children: Caroline Mulroney, Ben Mulroney, Mark Mulroney and Nicolas Mulroney. All Mulroney’s, all children from the evil, educated on dirty money. Currently, Schreiber is in prison, in his native Germany. And what about Brian Mulroney? He’s showing publicly is ugly person. I want the poor man in prison, where he belongs. And what had been Brian Mulroney sentence anyway? The Oliphant public inquiry hasn’t done its job. It hadn’t to come to a define conclusion and sentence. And this allows any Canadian Prime Minister to act like a criminal, accepting money, selling Canadians dignity, without any consequences.

Dividend earnings for May 2010: 364.28$

The month of May had passed by too quickly. The terrible heat we had in Montreal a couple of days ago seem to be gone, at least for now. I am feeling much better than I used to be a couple of days ago.

My first month within my metro pass went well overall. On Saturday, I had received 15.33$ in dividend from Davis + Henderson Income Fund (DHF.UN) and 21.60$ from The Consumers Waterheater Income Fund (CWI.UN). My Consumers Waterheater Income Fund (CWI.UN) dividend should DRIP later on this week to provide me more units. I am looking forward to received somewhere around 3 new units of The Consumers Waterheater Income Fund (CWI.UN). So this close my dividend income for the month of May 2010 to 364.28$!

Currently, I am lucky enough to make new investment on a regular basis. This allows me to see my dividend income grow from month to month. Very soon, I will be earning dividend on a quarterly basis instead of a daily basis, but that won’t change too much things. At that time, I will probably earn a bit less in dividend earning from certain companies. I had received my voting package from Bell Aliant. For now, Bell Aliant is still a .UN investment like I love to name them. Bell Aliant had planned to change into a corporation beginning of 2011. Starting January 2011, Bell Aliant dividend will fall from the current fantastic 2.417$ to 1.90$. This represents, of course, a dividend cut. But at 1.90$ dividend per stock, Bell Aliant dividend will still be impressive. The dividend cut simply represent Bell Aliant tentative to smoothly move into a corporation. Not too many .UN investments will be able to maintain their current dividend once they change themselves into a corporation. BUT….. There’re some exceptions. And I hold them in my investment portfolio!

From my understanding, Just Energy Income Fund (JE.UN) will keep the same dividend distribution once turn into a corporation and same thing (positively sure) with Pembina Pipeline Income Fund (PIF.UN). Those 2 are companies in the energy sector – it took solid business to be able to keep the same distribution level. Those are just examples being took from my investment portfolio. Some other of my .UN investment will shortly cut their distribution. They are: Yellow Pages Income Fund (YLO.UN) and Davis + Henderson Income Fund (DHF.UN). The dividend of these 2 companies will be cut when they will transform into a corporation, just like Bell Aliant.

Other than my very nice May dividend earnings, I am very pleased to announce…

I just received the money from my TD Financial GIC investment that had came to mature date. I had received 1 266.86$ in cash. I had made a profit of 266.86$ on 5 years GIC… Not too bad. It’s represent a gain of 26.64% for 5 years, or if you prefer 5.3284% per year for 5 years. This morning, I had visited a TD Waterhouse office to have the money to get transferred into my RSP broker account, where I currently hold 269.11$ in cash. At a total of 1 535.97$, I will be able to make a nice little investment. I am not quite sure what I am going to invest in. I was thinking about maybe 100 units of Just Energy Income Fund (JE.UN) because I want to hit the 1 000 units of JE.UN inside my portfolio.

Anyhow, June is happily coming over, with a new RSP investment. And surprise, I am able to pay off everything needed with what I currently hold as cash (and from I have leftovers on credit line…). I know doing this is bad, but I debit what I had left from my credit lines to pay off my expenses of this month. I usually never do this. But I did it for this month because I planning for my next investment (non registered one). The debit off my credit lines only represent 320$ anyway. For the month of June, I want to save as much possible for my next investment, which is suppose to be 100 extra stocks of Corby Distilleries Ltd. (CDL.A). At more than 15$ per stock, 100 units represent at least 1 600$ in total, quite some money knowing my situation. My feeling is good despite my situation; I am pretty sure I am going to be able to make it happen.

Latest update of my investment portfolio

I just update my investment portfolio. With the recent TSX gains, I really wanted to have a clear look at what everything is looking now. And it’s looking good! I am now at 87 042.86$, a loss of 1 666.65$ compare to May 12. The loss is not major, I am sure I will be able to recover very soon.

My investment portfolio in date of May 12, 2010

Savings:
844.64$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 2 155.52$
Timminco (TIM): 134$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 575.60$
Hanwei Energy Services (HE): 132$
Methanex Corporation (MX): 2 392.69$
Fortis (FTS): 2 887.50$
Pembina Pipeline Income Fund (PIF.UN):
7 646.08$
Just Energy Income Fund (JE.UN): 9 539.55$
Yellow Pages Income Fund (YLO.UN):
2 897.31$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 607$
Pengrowth Energy Trust (PGF.UN): 1 128.90$
Enbridge Income Fund (ENF.UN): 4 271.96$
Corby Distilleries Limited (CDL.A): 1 540$
Davis + Henderson Income Fund (DHF.UN):
1 759$
Premium Brands Holdings Corporation (PBH):
2 670$
Cash: 9.88$

TOTAL: 47 386.99$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 773.47$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 072$
Sprott Canadian Equity Fund:
5 503.35$
Dumont Nickel Inc. (DNI): 460$
Cash: 32.49$

TOTAL: 10 841.31$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 242$
EnCana Corporation (ECA): 3 317$
Emera Incorporated (EMA): 4 932$
Cash: 259.21$

CIBC Dividend Growth Fund: 508.35$
CIBC Emerging Markets Index Fund: 400.31$
CIBC Monthly Income Fund: 1 020.15$

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: 113.28$
TD Monthly Income: 106.12$
TD Emerging Markets: 78.70$
TD Energy: 82.09$
TD Precious Metals: 117.52$
TD Latin American Growth: 90.86$
TD Entertainment and Communications: 105.39$
TD Dividend Growth: 202.55$
TD U.S. Mid-Cap Growth: 103.96$

Maritime Life International Equity Fund
(Templeton): 606.34$
Manulife Simplicity Growth Portfolio: 856.15$
Maritime Life CI Harbour Seg Fund: 1 016.35$
Maritime Life Fidelity True North Seg Fund: 982.60$
Maritime Life Trimark Europlus Seg Fund: 568.63$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 519.63$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.12$
RBC Global Resources Fund: 896.94$
RBC O’Shaughnessy International Equity Fund:
566.88$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 037.23$

GIC Canadian Market: 1 000$

TOTAL: 29 565.26$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(31.31$):
88 709.51$

Sunshine, shopping and Bell Aliant dividend

I had received today the dividend for Bell Aliant. I had received 24.17$, like every month. So far for the month of May, I had received 327.35$ in dividend, and the month is not even over yet! I am still missing Davis + Henderson Income Fund (DHF.UN) dividend. After what, I believe I will be done with May dividend. So it will bring the overall to close to 340$ for the month of May. Nice! Of course, all of those marvelous dividend DRIP, which mean I won’t touch directly a third of what I had earned… It could be easy to cash in the dividend and spend the money, but the DRIP does worth it and at this time, I am lucky to earn enough money to cover my needs and even more. But I have to say, for the month of June, I am running short in cash. I need my paycheck of next week to cover for the month of June. Which I dislike. The key of my money management is to save and be able to be the upcoming month with the money earn during the current month… Anyhow, I do not have any problem when it come to managing my money, just I am no working full-time at my day-time job, but maybe I should. Anyhow, this is giving me a lot of freedom to do just whatever I want and that whatever mean mostly, these days, sleeping late in the morning. Working, investing, following the market, it can easily kill a girl. It didn’t kill me, but I have to say, lately I had been catching on sleeping. And trust me, I sleep a lot. But strangely, the more I sleep, the more I want to stay in bed and it’s part of the reason why I haven’t launch my Web site project, it’s part of the reason why I didn’t write any new HubPages for quite sometime now. But I plan to catch on because I am need of more cash; you are going to find out why…

The no shopping week had turned into a shopping week as I purchased sandal as I couldn’t stand wearing big running shoes anymore with the hot weather. I put my sandals of last summer right to the garbage after getting my feet hurt out of them. Last year I had purchased some very cheap sandals, I had purchased 2 pairs directly from Zellers lol. Nice ways to save money, but the 2 pair of sandals were comfortable only for one summer. I shop around a bit, finally purchased a real good pair and after wearing them; I started feeling better right away. I am now at more than 40$ in Google AdSense money, I am looking forward to work on my HubPages and than I may be able to reach the 100$ by July, if I am lucky. Working long hours online for so little money could be seem vain, but it can turn out o be very fun, especially when its money being earned during spare time. And not only did I purchase a new pair of sandal, but I also purchase 3 long skirts absolutely beautiful for the summer. So summer is going to be hot! lol…

Other than sandals and Google AdSense., the TSX gain extraordinary points today and I am glade it did. My overall portfolio might not worth 88 000$ and up like it did previously beginning of May, but I am getting this tough market time quite easily and I just cannot wait to hit the 100 000$ in assets, even the 90 000$, it’s going to be quite something, just spectacular. A 90 000$ for my 30th birthday in August would be very fun. Champaign and caviar please! lol...... :0)

Checking out the margin investing at TD Waterhouse

I begin my check about margin and it’s not by tomorrow that I am going to write a « Margin Investing for Dummies » kind of post lol. Not that margin is terribly difficult to understand. But I find margin investing quite horrible and disghting. And myself, after reading a bit and asking some questions to TD Waterhouse, I am insecure about margin and I personally do not recommend margin to anyone. Why? Because everyday, you have the responsibility to check your account to make sure you are not under a Margin Call. And if you are under a Margin Call, you have to refund whatever need to be refund on the same day. Because the day following the Margin Call, the credit department had the right to sell your stocks and units! How horrible that sound? The explanations giving at TD Waterhouse were clear on that point and I begin to think that margin is just a very horrible horrible thing. I don’t want to have to worry about the market condition at all. I don’t want any such of whatever responsibilities.

There’s no easy way, but borrowing money to invest through margin is not a good option, especially in those difficult times. The stock market is unpredictable, very difficult to time the market these days. My very last investment was 100 units of Pengrowth Energy Trust (PGF.UN) at around 10.50$ per unit. At the time, I taught it was a good deal. But on date of today, Pengrowth Energy Trust (PGF.UN) is at… 9.47$! I do no regret my investment, but today price for PGF.UN is of course a lot cheaper that what its use to be.

Myself, I do not plan to use the margin money to invest, but more to pay credit lines I have. That way is not easy either and to tell the true, margin is disturbing me to a point where I might not be able to set it up to my account. I am still thinking at this down, but I am really not getting a good feeling about margin so I might not set it up. I didn’t move yet. Right now, I work at my jobs, I try to follow the market and combating the heat! I am a Western girl, whenever the weather is too hot I just cannot stand it. I would prefer much winter to the weather we have right now in Montreal but this is of course my own preference. The fact that I have to walk 2 hours everyday do not help and you can imagine, as soon as I hit home, I hit... my bath. I am trying to keep my expenses under control. Also for this week, I am looking forward not to spend any money, as I have everything needed.

So for now, it will be a no margin and no expenses week while trying to beat the heat… ;)

Thanks God, the TSX had gain 115.40 points today

At a point, I really begin to think that God himself want me to reach 100 000$ in assets before the end of 2010… The TSX close today at 11 521.35 points, a nice gain of 521 points. My non registered portfolio partly recovers. I am currently at 45 775.96$, but I am still experiencing 1 611.03$ in losses compare to May 12. I am confident I will recover form the money loss in the upcoming weeks.

And about my DRIP

I had received 56.50$ from Emera (EMA). Emera dividend provides me 2 extra stocks. I also received 29.57$ in dividend from Enbridge Income Fund (ENF.UN), which bring in 2 extra units. So everything is rolling over and everything is just fine the way it is. I am at the 1 300$ in dividend earning so far for 2010!

Working online for Google and me

I am now at a bit more than 30$ in Google AdSense income. I would like to reach one again the payout of 100$. So I am looking to spend some time working on articles for HubPages. I have developed more than 100 article ideas so now had came the time to hit another 100$ Google payout. And if you think it’s easy to work online, well it’s truly not.

Happy birthday Brian Mulroney

Today is Brian Mulroney birthday. Last one before being put in prison.

I had been quite busy lately. I have to say, I took lot of free time when I wasn’t working at one of my 2 jobs. So when I am not working, I walk, walk, walk. I no longer have a metro/bus pass. Sometimes after work, I just walk around downtown before hitting back home. The walk from downtown Montreal to my place is about 1 hour. Those days, I had been walking more than 2 hours per day. It’s better this way because it allow be to not spend to much time in front of my computer watching my units and stocks going down, down, and down again. The European crisis may be a lot heavier than what I taught. Actually, when the crisis is there just in front of me, I never know what to think about it. The European crisis didn’t affect my portfolio as badly as the crisis of 2008. My portfolio had loss a lot in value and I decide not to update it for now. Not that I don’t want to exposes publicly my losses, but I feel kind of sad because I was way on track to reach the 90 000$ in assets for the month June or July. But it’s looking like nothing of this will happen. Well not the way it is known. It’s fun to invest, to earn dividend, but the stock market is sooo volatile, it’s crazy. The volatility of the market never scare me, but the ups and downs of the market are just destroying my 100 000$ assets goal. Anyhow, good news is, the companies I invested in are still going to pay dividends, European crisis or not. Well at least for now. Because of course the situation could change. I didn’t open my margin account yet because of the recent TSX point’s loss. It would be so fun i it something that could be done through the phone, but TD Waterhouse told me its something that needed to be done at a TD Canada Trust branch. And no credit evaluation needed, from what I was told. And no minimum payment required each month. Margin is still new to me, so I want to read more about it and I may call TD Waterhouse to ask any questions I may have about it. But for now, I don’t feel like getting into margin at all. So nothing had moved regarding my project that was to pay off 2 credit lines by using the money of my margin account. This project is pending for now.

My budget for June…

With the paycheck I received today plus the paycheck I will be receiving next week, I will have just enough money to pay off everything. I will just miss some money to pay my credit expenses, the one I use to pay for groceries and all other living expenses. So I will need part of my earnings of the first week of June to actually pay my expenses, but that’s ok. My next investment will be probably in July. July is a good month as I will be receiving 5 paychecks, as there are 5 weeks for the month of July.

Four Pillars Blog change its name for Money Smarts Blog

Back on May 16, a very well-known money blog had changed name from Four Pillars to Money Smarts. Four Pillars was such more a powerful title, powerful in the sense it was more original. The current blog title do not mean anything. It’s just too common. Just like if I will name my blog something like: Making money online or some boring stuff like it with no essence. Ok, myfirst50000.com may not be seen as very impressive but I have a very fun time with it and hey, it’s my blog after all. And the ex-Four Pillars now Money Smarts Blog logo just look… cheap. Ok, I may appear pretty mean here, but it’s not my blog who drive thousands of visitors per month lol. The Money Smarts Blog logo is a look-alike Walmart logo: cheap look. Anyhow, on his road to success, Four Pillars had lost his soul by wanted to be too much commercial. But guess what? I am not a fan of commercial stuff. I want the do-it-by-your-own stuff, not some stuff being written by some literate financial dude. And I pretty sure that people out there want to read about a girl being laid off from BMO Bank of Montreal rather than reading the too smooth stories of a young fortunate, well-educated young man right? lol The author of the Money Smarts Blog remains the same as for the Four Pillars, but now, it’s not the same good old stuff. It’s now a Money Smarts: boring ideas for your money.

Brian Mulroney or liar liar: the scandalous affair of a Quebecker, ex Prime Minister of Canada

Need another example of why Quebec needs to be kick out of Canada ASASP? Politicians like Brian Mulroney, corruption affairs coming directly straight from Quebec province are costing honorable Canadians like myself millions of dollars each year. Yep, Brian Mulroney is a Quebecker born in Baie-Comeau in 1939. Brian Mulroney will be celebrating his birthday on this upcoming May 20. If I count right, Brian Mulroney will be celebrating his 71 birthday.

It’s been reported that related to the Schreiber affairs, Brian Mulroney had been reimbursed close to $2 million in legal costs. And where the money had been taking from? From my taxes, from everybody else taxes! Scandalous! Poor living are living in the streets, some families are having problem to make ends reach and the poor man is getting his lawyers cost being refunded by money that could had help people in need. But guess the poor old man that is Brian Mulroney does not care about that! Brian Mulroney does not care at all about the welfare of real Canadians. The only thing Brian Mulroney had ever cared about is himself.

Watch out: it’s not the first time that legal costs are being refunded to Brian Mulroney. I don’t remember anything about it as I was too young at the time to understand what was going on, but back in 1997, Brian Mulroney had appeared in court for what had been known the Airbus affair. Back than, the Royal Canadian Mounted Police (RCMP) was investigating allegations where it’s been told that Brian Mulroney had been accepting bribes in the retribution of contracts, Airbus contracts in this case. Later on, the case was closed but had resurfaced again in 2000 with the explosion of the Schreiber affair.

Can you imagine: in total, its not close to $2 million that Brian Mulroney had cost to Canadians, but we are taking of an amount of close to $4 million! $2.1 million reimbursement for legal cost regarding the Airbus affair and 1.8$ million reimbursement for legal cost regarding the Schreiber affair.

Brian Mulroney had cost to Canada more than $4 million in legal cost. And where the money had been taking from? Not from Brian Mulroney pockets of course, but from ours, from our taxes. You’re getting a taste here of what Quebeckers are as people and as Canadians: blood suckers. I experiment it myself, me Neo Brunswicker, I had experiment it with my laid off of BMO Bank of Montreal and it many more occasions. If you want a friendly advice, if you are a new immigrant, student, job seeker: to not come to Quebec province. Quebeckers will only make you loose your time and money. And Quebec shit needs to remain in Quebec, and in Quebec only. I had written previously about my experience at the Montreal call center of BMO Bank of Montreal. You can do a search in the search engine located in the right column if you want a taste of the shit... As for the other stories, I will write about them later on. But as for now, let’s talk about Brian Mulroney. Soon 71 years old, but not that much of a man.

When it comes to Brian Mulroney, historians are used to talk about 2 affairs: the Airbus affair and the Schreiber affair. But when reading about it, the 2 affairs are so closely related to each other that we could talked about 1 big scandalous affair. Not to say that Brian Mulroney is a scandalous man. Period.

So basily, we could say that the Schreiber affair begins as early as 1997, at the time the Airbus affair had been publicly exposed. So its all begin as early as 1995 when there have been suspicions about the affair. But the case itself begin in 1988 and involved Brian Mulroney, Air Canada and Airbus. The Airbus deal generated billion of dollars to Brian Mulroney elite close friends. Brian Mulroney himself had touched 300 000$ directly from the Airbus deal. The deal was the selling of 34 Airbus A-320 jets to Air Canada. Behind the deal was the man who later on denounced it all: Karlheinz Schreiber. Karlheinz Schreiber had paid Brian Mulroney a commission of 300 000$ for the deal to be book between Airbus and Air Canada. Karlheinz Schreiber had talked about a commission of $300 000 and Brian Mulroney of $225 000. Who do you believe between the two?

In 1997, the case resurfaces, but the investigations had been close too quickly by the Royal Canadian Mounted Police (RCMP). The case resurfaces shortly in the years 2000. With the testimony of Karlheinz Schreiber, the case finally had been reopened. This episode is known as being the Schreiber affair. Karlheinz Schreiber, a German business man is the one who made the investigation possible. Without him, no one would had never known what kind of man is Brian Mulroney, a dishonorable cheater. The investigation had been taking place in May 2009 under the name of Oliphant inquiry. The Oliphant inquiry is an independent review of the allegations between Karlheinz Schreiber and the Ex-Right Honourable Brian Mulroney. David Johnston is the Independent Adviser of Prime Minister Stephen Harper. The review is being done independently, even if the adviser reported himself to Stephen Harper. More than just lawyers’ fee, this commission itself is costing thousands of dollars, if not million to Canadians. And who pay for it? Certainly not Brian Mulroney, but us, people of the country, the real Canadians! The Oliphant inquiry had been going on since 2007. Which mean that since 2007, honorable Canadians had been paying for a commission needed because the dishonorable Brian Mulroney had been hiding the facts and the true for more than 20 years!

During the Oliphant inquiry, Brian Mulroney publicly declared that he had accepted $225 000 from Karlheinz Schreiber. In this affair, Brian Mulroney had said that he didn’t break no laws or ethical guidelines. For the Quebecker that is Brian Mulroney, it was ok to advantage of his position as chief of the Canadian military. The affair concerns the possession of Airbus Jets to Air Canada and also the purchase of vehicles for peacekeeping work. So now you understand why we are here talking about billion of dollars being involved in the Airbus-Schreiber affair. The affair is still going on, the Oliphant final report is expected to be released at the end of May. Time for Canadians to recover from financial loss that the affair had bring, but also time to recover in dignity and hope that Brian Mulroney will finish his days in jail for the financial crime that he is not intelligent enough to recognize. This Quebecker had been Canada Prime Minister for 9 years: between September 17, 1984 to June 25, 1993! Unbelievable!

Yellow Pages Income Fund dividend for the month of May are in the house

I just received 29.14$ this evening from Yellow Pages Income Fund (YLO.UN). On Monday, the dividend should DRIP and provide me at least 4 new units! Thanks Yellow Pages Income Fund (YLO.UN). The dividend just keep adding up!

The Creststreet Alternative Energy Fund: 5 months after the departure of mutual fund manager Steve Martin

Back on February 2, 2010, Shirley Won from the Globe and Mail had announced that Steve Martin, one of the managers of the Creststreet Alternative Energy Fund, was leaving Creststreet Asset Management Ltd. At the time, when I learned that Steve Martin was leaving the Creststreet Alternative Energy Fund behind, I decided to do the same thing. And it appears it was the correct thing to do.

Back than, I was holding 29.229 units of Creststreet Alternative Energy Fund – Class A. I was able to sell the fund, making a profit of 100$ after commission. Originally, it’s 1 000$ that I had invested in the Creststreet Alternative Energy Fund. On date of today, the Creststreet Alternative Energy Fund had lost in value. You could blame the TSX points loss of Friday, but I had been checking on Creststreet Alternative Energy Fund quite often since Steve Martin departure and ever since, the Creststreet Alternative Energy Fund had loss in value. Not that much, but still. The fund may not be able to reach 142% annual gain ever again without Steve Martin.

Just verify the graphic from February 2010 to today for yourself… All the way down. In January, when Steve Martin was still a manager of the Creststreet Alternative Energy Fund, the fund had reached its highest point, reaching a value of more than 43$ per unit. Can you simply imagine what could had happened if Steve Martin would had remained at Creststreet? The units could have reached the value of 45$ by now, making me even richer… Interesting isn’t? Steve Martin was that of a good mutual fund manager. Wonder what he does now.

Getting rich and richer: stories about investment, laid off, and poor BMO Bank of Montreal banking system

This last Friday, I close the day with a non registered portfolio at 48 077.23$. This includes, of course, my new investment of today, 100 units of PGF.UN. The TSX loss a bit more than 100 points, so I won’t update my portfolio, it requires too much work for little results. A quick look at my investments let me think that the overall is quite stable. I was quite happy to make another investment this Friday. I really taught I would not be able to invest in anything for the month of May, but it appears that I was wrong. I hope to invest again in June and if possible, that time it will be 100 stocks of CDL.A and luckily, by that time, my investment portfolio will worth more than 90 000$. Until I reach the magic 100 000$, I will be working mostly exclusively at investment. I had wrote different things about what I will be doing with my money for the next couple of months, thinking about paying debt, margin, etc…. But once again I have chance my mind and I decide to exclusively invest until I reach my assets goal. Having more than 37 000$ in debts do not bother be at all actually. My debt never really bothers me too much actually.

As you can imagine, I am currently out of cash, I am waiting for my next 2 paychecks in order to be able to pay for my June expenses and even there, I may not have enough o cover all of June expenses. So some earnings of June will be use to pay the month of June itself… I am the one who decide to invest in 100 units of PGF.UN so I have to live with my decision, not that I regret it. It’s just I am imposing myself a very restricted budget. But I haven’t been saving as much money as I could lately, I did not control my expenses too much. For now am in good position anyhow. I just cannot wait to reach the 90 000$ in assets! Might be by the end of the summer if everything goes well.

Other project on the way for the Dividend Girl:

-Start a margin on my broker account to pay off 10 000$ in credit lines debt
I currently have a debt of 5 000$ at 8% at TD Canada Trust on a credit line. I also have a 5 000$ at 3.5% at BMO Bank of Montreal. I want to pay off my credit line at BMO Bank of Montreal for the simple and good reason that I got laid off from BMO Bank of Montreal and do no longer wants to give any of my business to BMO Bank of Montreal.. At the time they decide to layoff me from the Montreal call centre, shortly after giving a 5 000$ credit line and a 4 000$ value credit card, no one at BMO Bank of Montreal knew about my investments. By spilling on me, BMO Bank of Montreal has to say good bye to a future 100 000$ + dividend + interest rates and everything else.

Anyhow, just to come back on the center of my topic, 8% is kind of a huge interest rate for a credit line. I once call TD Canada Trust on how I could get a better interest rate. According to the representative I talked to before, I need to present myself at a TD branch with a copy of my credit score. Not enough for TD to have in their hands half of my fortune, TD is as bad as I am, they want always MORE. I know I should, but I don’t want to get a look at my credit score for now, but I want to be able to get a better interest rate. The margin at T D Waterhouse is at a real fantastic 3.5%. I post a couple of times about margin on my blog. At first, it came as a good solution. But after, I got scared of it and than after, I decide well, just to go ahead with it. Not only that I want to ruin BMO Bank of Montreal business, but I also want to get out of their silly banking system. Want to know what I am taking about? Last month, I came across this situation I pay my BMO Bank of Montreal on the first of the month or close by. But the payment had not be consider for the month of April, but as for the month of March because I had paid before my billing cycle date, which is the 5th of each month. So in result, I had been considered as being one month late in my payment and in result, I had to pay an extra 100$ on my minimum monthly payment. I never went to go through this again. I never had experiment such things at TD and with all the other institutions I had deal with. Do you really want to know why I am having this kind of problem with BMO Bank of Montreal only? Because BMO Bank of Montreal whole banking system suck. That’s why. I want to make sure I won’t get any problem anymore. I don’t want BMO Bank of Montreal to make money on the interest of the credit line anymore. I prefer to give ALL of my business to TD Canada Trust who had been there for me since 2005. I just need to get my margin approve at T D Waterhouse and, in the case I am being refused, I will close everything. Scary isn’t?

Welcome again Pengrowth Energy Trust (PGF.UN), 100 new units of PGF.UN in my investment portfolio!

I just purchase 100 units of Pengrowth Energy Trust (PGF.UN) at 10.50$! Nice deal. Going to be fun to update my portfolio again tonight. I want a terrific day for the TSX.

I also received my dividend for Pembina Pipeline Income Fund (PIF.UN). I had received 54.08$ from PIF.UN.

Got to go on the run for work now.

More dividend money to come

Yesterday, the TSX gain some valuable points and it had a positive effect on my portfolio. I updated my investment portfolio and I close May 12 at a fantastic 88 709.51$. I also bring some changes to my blog. If you blog using the Blogger platform, you may have notice that bloggers can now bring pages to their blog. I did created mines. It makes the whole thing lot better than having all the data compress on my right column. I find it better this way.

Anyhow, I can say that I fully recover from the Dark Friday lost (of May 7). I read that the crash may had been caused by a Citigroup employee and that Barack Obama had opened an investigation to make sure than no other crash of this nature happen. Opening an investigation is a good idea because in my case, it almost took me a full week to recover from the Friday money loss. A crash like the one of May 7 is certainly not good for the stock market. And it’s certainly not good for myself as for small investors. And for everyone else.

My last paycheck received today bring my savings to 1 230.45$. And as you can imagine, I did what I was supposed just to do in June: I transferred money into my broker account!

I bring in 1 130$ into my TD credit line, which bring to 1280$ the money I now have available for investment. I just need to transfer the money into my broker account. And voilà, I am ready for another trade! Yeah! So now, what am I going to do with 1 280$? I know I had talked about CDL.A, but that once is for June. In June, we have 5 weeks, which mean 5 paychecks and I may find the money to invest in 100 stocks of CDL.A at that time. As for now, I have money available and I want it out of my saving account!

This is the fabulous dividend income:

From my non registered investment portfolio:
Sprott Inc. (SII): 512 stocks x 0.16$ = 81.92$
Bank of Nova Scotia (BNS): 106 stocks x 1.96$ = 207.76$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 105 stocks x 1.12$ = 117.60$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 731 units x 1.44$ =
1 052.64$
Yellow Pages Income Fund (YLO.UN): 437 units x 0.804$ = 351.35$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 308 units x 1.152$ = 354.82$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH): 200 stocks x
1.176$ = 235.20$
TOTAL: 3 728.47$

From my Tax-free savings account (TFSA) portfolio:
Consumers’ Waterheater Income Fund (CWI.UN): 400 units x 0.65$ = 260$
TOTAL: 260$

From my RSP portfolio:
EnCana Corporation (ECA): 100 stocks x 0.80$ = 80$
Emera Incorporated (EMA): 200 stocks x 1.132$ = 226.40$
TOTAL: 306.40$

4 294.87$ + an extra 100$ from DRIP = 4 394.87$

I am now at an official 4 294.87$ in dividend income and at a nonofficial 4 394.87$. My dividend incomes slowly grow. What I don’t like about earning dividend inside a RSP is that dividend cannot be cash out, everything that been earned inside a RSP account have to remain inside the RSP account. Of course it can be remove from the RSP, but huge penalties will need to be paid, making cashing out dividend from RSP impossible.

With the TFSA, its possible to cash out dividend. I recently discover something with T D Waterhouse. T D Waterhouse authorize 1 free withdraws per year out of the TFSA. All extra withdraws are being charged 35$ or something like it by T D Waterhouse. AWFUL! But of course, brokers like T D Waterhouse, even if its own by TD Canada Trust, they are there to make money from investors. Even for more sophisticated investors (100 000$ in assets and up), the rule is the same: 1 free withdraws from the TFSA per year. Only one! Extremely annoying because I had 32$ in cash I would had like to withdraw. But when I learned the 1 withdraw per year rule; I decide to leave the little sum of money just where it is right now.

You might wonder what this post is all about, where am I going with all this stuff. Well, I have an awesome announcement to make!

3 728.47$: current dividend earn in my non registered portfolio
260$: current dividend earn in my TFSA

3 728.47$ + 260$ = 3 988.47$

I am very close to the 4 000$ in dividend earning with those 2 right? I mean dividend money that I can benefit from without penalties, if it’s just of that 1 withdraw rule for the TFSA.

With the money I currently have available, I decide to invest in 100 units of Pengrowth Energy Trust (PGF.UN). Currently, Pengrowth Energy Trust (PGF.UN) is at a bargain price. PGF.UN had made huge profit. The company is in good position and don’t forget, PGF.UN is being hold by Derek Foster. PGF.UN had once paid more than 2$ per unit in dividend. Due to the economy, the dividend distribution had been reduced. But at 84 cents annual distribution, PGF.UN is still a good player. Myself, I got scared when PGF.UN had announced their distribution cut so I sell PGF.UN. But since I do no hold thousands of dollars in cash, I have to look into affordable investment and PGF.UN is one of those affordable investments. Also, I wanted to bring an extra 100 units of PGF.UN in order to benefit from the DRIP. I won’t benefit that much, I will be earning 1 unit per month of PGF.UN, but its still worth it. Same thing for CDL.A, I want to invest in 100 extra stocks of CDL.A to benefit from the DRIP.

3 988.47$ + 100 units of PGF.UN at an annual dividend of 84 cents (84$)
= 4 072.47$

My newest investment will bring my dividend available money to 4 072.47$! I have exceed the 4 000$, which is nice. Overall, including the RSP dividend, I will be at a nice 4 478.87$. Next step will be to reach 5 000$ in dividend available money. I am not too far away without too much efforts, if not of looking at the TSX going up and down.

I am currently working at one the lowest income I have ever earned in my life. Before, I use to work at several jobs, multiple hours to make that of a salary so I can have money to invest. With my current situation, I make an average of 500$ per week after taxes. I may plan to remain on the same track. Why? Because of the taxes.

500$ x 52 weeks = 26 000$

For the fiscal year of 2010, I can invest a bit more than 7 000$ in my RSP.

26 000$ - 7 000$ = 19 000$

To this amount, we need to bring the dividend earnings from my non registered portfolio. But still, dividends are not being taxes that much. At this point, I will have to pay taxes on an income of a bit more than 19 000$. This is not bad at all. If I earn more, I will have to pay more in taxes. And I don’t really want to pay more taxes. Even if it’s mean having more money to invest. So that’s the scheme for now, until I change my mind. :)

My stock investment portfolio in date of May 10, 2010

Savings:
844.64$

Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 073.60$
Timminco (TIM): 134$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 459$
Hanwei Energy Services (HE): 118.50$
Methanex Corporation (MX): 2 387.54$
Fortis (FTS): 2 843.40$
Pembina Pipeline Income Fund (PIF.UN):
7 587.84$
Just Energy Income Fund (JE.UN): 9 459.14$
Yellow Pages Income Fund (YLO.UN):
2 748.73$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 564$
Pengrowth Energy Trust (PGF.UN): 1 134.20$
Enbridge Income Fund (ENF.UN): 4 296.60$
Corby Distilleries Limited (CDL.A): 1 550$
Davis + Henderson Income Fund (DHF.UN):
1 740$
Premium Brands Holdings Corporation (PBH):
2 590$
Cash: 9.88$

TOTAL: 46 736.43$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 722.62$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 072$
Sprott Canadian Equity Fund:
5 253.11$
Dumont Nickel Inc. (DNI): 345$
Cash: 32.49$

TOTAL: 10 425.22$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 172$
EnCana Corporation (ECA): 3 211$
Emera Incorporated (EMA): 4 842$
Cash: 259.21$

CIBC Dividend Growth Fund: 501.94$
CIBC Emerging Markets Index Fund: 405.44$
CIBC Monthly Income Fund: 1 010.22$

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: 113.37$
TD Monthly Income: 105.05$
TD Emerging Markets: 79$
TD Energy: 80.97$
TD Precious Metals: 111.38$
TD Latin American Growth: 91.32$
TD Entertainment & Communications: 104.12$
TD Dividend Growth: 199.25$
TD U.S. Mid-Cap Growth: 102.21$

Maritime Life International Equity Fund
(Templeton): 609.61$
Manulife Simplicity Growth Portfolio: 849.09$
Maritime Life CI Harbour Seg Fund: 974.85$
Maritime Life Fidelity True North Seg Fund: 945.24$
Maritime Life Trimark Europlus Seg Fund: 565.69$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 510.58$
RBC U.S. Mid-Cap Equity Fund C$: 1 817.04$
RBC Global Resources Fund: 889.09$
RBC O’Shaughnessy International Equity Fund:
564.44$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 017.99$

GIC Canadian Market: 1 000$

TOTAL: 29 118$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(25.44$):
87 189.73$
[In date of May 10, 2010]

Trading Dumont Nickel (DNI) online

Remember that I own Dumont Nickel (DNI) in my portfolio and that had been trying for month now to make a profit out of this investment by selling my 23 000 stocks at 4 cents? Well, this haven’t happen yet and its been almost a year… lol.

On today May 11, Dumont Nickel stocks had rollback 8 to 1. This mean that I no longer own 23 000 stocks of Dumont Nickel. I now own I believe 2 875 stocks of Dumont Nickel. I say I believe because nothing had been changed in my broker account when it come to Dumont Nickel, if note just a « * » following the investment with still 23 000 stocks. I completely forgot about this and of course, during the day, when I saw DNI going from 0.015 cents to 15 cents, I got a taught, oh yeah, the rollback. No problem, but…

I had a sell order open to sell Dumont Nickel at 4 cents per stock. Since I forgot about the rollback, my sell offer at 4 cents for Dumont Nickel was still on… And during the day at work I wonder what was going to happen of my Dumont Nickel investment, if it was going to be sell or what. But it didn’t get sell, the order had simply been cancel… OUF! What a release. So now I just have to renew my sell order for Dumont Nickel once everything will be fix in my broker account. I hope it will be for tomorrow.

I originally purchased 23 000 stocks of Dumont Nickel at 3 cents per stock, for an investment value of 690$ + 29$ in commission fee for T D Waterhouse. For a total of 719$. If I want to make a profit out my now 2 875 stocks, I now have to sell at a higher price than 25 cents. I am not in a hurry to make money out of Dumont Nickel. Well not now, bt back in the summer of last year, I had made my investment in Dumont Nickel in order to make a quick sell and bring a 200$ in for the summer… But of course, it never happen… lol….. such memories.

Currently, Dumont Nickel no longer Dumont Nickel. The company new name is DNI Metals Inc. From my understanding, the company will continue to trade under DNI.

My stock investment portfolio gain 1 478.58$ today

Today had been a Sunny Monday, I just couldn’t wait for my day at work to be over so I can update my portfolio and see now things went on the stock market.

I close the day at a good 87 189.73$, which represent a gain of 1 478.58$ compare to May 7.

Back on May 1, my stock investment portfolio was at 88 632.34$. So compare to May 1, I am still experiencing a loss of 1 442.61$. But the gain of today were quite positive so hopefully, I will be once again near the 89 000$ in assets very soon.