My life goes on, laid off or not

Good news I didn’t got laid off from my job at the bank. But it could eventually happen, they make it clear, with no kind matters. I have a 6 months probation like everyone else (investor or not: they don’t give a damn) you know. Anyway, I don’t want to get too much into the deep because I really have enough of this work problem. But I didn’t’ get laid off this week, but it could be next week... Got the picture? Anyhow, I have much better things to write about for now! I have anyway a second job I can rely on, so I am not that stress. And I don’t like to spend too much time on the negative stuff. I am off today and tomorrow, my life is not just about work, it’s also about investing…

And talking about investing, I have some massive project among the way! To begin, I had received some dividend income in the last couple of days. I had received 42.47$ from Just Energy Income Fund (JE.UN), 28.01$ from Yellow Pages Income Fund (YLO.UN), 52.91$ from Pembina Pipeline Income Fund (PIF.UN), 42 cents from Pengrowth Energy Trust (PGF.UN) and 28.80$ from Enbridge Income Fund (ENF.UN). I earn some extra units among the way because of the DRIP. Which I am pretty please with. So far for the month of January, I earn 157.61$ in dividend passive income! Kind of nice. And keep reading, because we are looking to increase our dividend passive income in the next couple of months.

Thinking about my next stock investments

I have an extra 1 400$ lying on my banking account doing nothing at all. I had been thinking about investing in an extra 100 stocks of Corby Distilleries Limited (CDL.A) so I can benefit of an eventual DRIP, but I have to say, I had been closely watching an old familiar investment of mine: Pengrowth Energy Trust (PGF.UN). Pengrowth Energy Trust (PGF.UN) had been doing quite well recently. Currently, I still own 6 units of PGF.UN. I once hold more than 500 units of this marvelous. The 6 units left were coming from a DRIP that came after my units had been sold… I call those left-overs. Back in the time, I had sold Pengrowth Energy Trust (PGF.UN) when the company declared its second dividend cut in less than a year. Yes, recession hurt, but it doesn’t have to hurt my dividend income. So what I did? I decide to sell all the units I own of Pengrowth Energy Trust (PGF.UN). I reinvest the money in some not stock investments, but in units of Just Energy Income Fund (JE.UN) and Pembina Pipeline Income Fund (PIF.UN).

Welcome back Pengrowth Energy Trust (PGF.UN): looking forward to invest in 100 units of Pengrowth Energy Trust (PGF.UN)

I am investing in Pengrowth Energy Trust (PGF.UN) because I believe that really shortly, Pengrowth Energy Trust (PGF.UN) will be worthing 12$ per unit. And see, I want to be in when its going to happen, no matter if I am going get laid off or not.

I really have to calm down on what I call .UN investment for the only and good reason that they are .UN investment and legislation will soon change everything. I had been told and re-told about the income trusts situation. Derek Foster had been kind enough to warn his readers about the income trusts in his newsletter of December 2009: Income Trusts (Booms or Busts)?

But there’s no real warning, no one can really predict on how the stock market will react to the change – even Derek Foster – and even me lol. But that will only be in 2011.

As a small investor, the difficulty for me comes from the fact that regular stocks are expensive. At this point of my journey, all I want to do is to extend my portfolio and earn more from juicy dividend payers. Will I be able to make it? I don’t know, but I had a lot of fun among the way…

Passive income: yearly dividend income in review

A new investment = new dividend… Let’s refresh the calculation of our yearly dividend income:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 104 stocks x 1.96$ = 203.84$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 410 units x 1.56$ = 639.60$
Just Energy Income Fund (JE.UN): 414 stocks x 1.24$ + the 2010 special dividend =
596.16$
Yellow Pages Income Fund (YLO.UN): 425 units x 0.804$ = 341.70$
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): 302 units x 1.152$ = 347.90$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 154.83$

I would very much to see the amount double and be able to – if not retire early – being able to pay my rent on dividend income will be awesome. I am a genius :)

Yellow Pages Income Fund (YLO.UN) dividends for the month of January are in!

I just notice previously today while I was calculating my overall value! WOW! It’s really not that much – I actually received 27.72$ in dividend income this month coming from Yellow Pages Income Fund (YLO.UN). I am not even sure of the amount I had received because I didn’t write it down. Fact is, TD Waterhouse is currently available because of their famous Saturday night maintenance… Yeah, it’s Saturday night, I am in front of my laptop counting my money lol.

I am at a value of 66 410.15$ and I like to invest like never before. This is pretty cool. I like to see my portfolio growing, even of just a few stocks or units each time.

I just cannot sleep – maybe because of my tea – probably… So I am just going to go through a couple of boring things to pass time… My budget! After that, I might be able to go to sleep…

Rent: 545$
Internet: 34$
Metro pass: 75$
Student loan: 100$
Minimum debts payment: 320$
Food: 200$
Minimum require: 1 274$

At this time, by working only at one job, I will be able to make it. But 200$ on food is not that much… So I will have to say no-no to goodies and coffee and junk food… I am pretty good to manage my expenses. The only problem is that when I go for a walk, I like to stop by and buy a coffee. But I guess I won’t be able to do this anymore. So far, I had been able to save a lot of money with little efforts. But now, efforts are needed since I may lose one of my jobs. So good news, I can manage my budget and make a living anyway. It’s just that the 100 000$ goal will have to wait… And if something really bad happen, I will just cash in my dividend income. It will make an extra 250$ as extra money.

Good night….

Quebeckers have no work ethic

This week had been quite awful at my new job. I kind of received a first and last notice the kind of those who mean you-have-to-improve-or-you-are-fired. My direct supervisor is one of those poor bitch. She doesn’t give a damn about the good feedback I had received so far from customers. It’s seem like it doesn’t mean anything to her. She wants more sales, shorter calls. I done a very bad mistake. I guess its all start from there. At this point, I shouldn’t do mistakes and my calls are supposed to be shorters and I have to be more quick. But the worst happen when she asked questions regarding my background, the job I had been into before, why I had left them, what happen and so on. She doesn’t have the right to ask me such questions. I had been hired, I went to 2 interviews and I had been asked some questions, I had provided some references. My criminal record had been checked also. I am clean. I am an honest person, hard worker. The questions she asked about my employers and so on were not appropriate and I am going to report this on Monday morning. Like you can see, I have a lot to do. But I want to act now and do something about it now. And I want to report this situation to their highest authorithy.

I had been told by my supervisor that the situation was going on since the integration period. Like wow! How come no one ever talk to me about it? And than she goes and said: No one told you? Like dahhhh NO. Whatever! So now am I like on a last minute thing to fix myself up lol. But we cannot fix something that’s already broken, right? lol... So just get out of my way. I am an investor after all, I don’t want to spend too much of my precious time around some dumb ass. Like come on! I don’t want to spend my entire life here in Quebec province anyway. Could it be a good time to move? I don’t know. I will see more on Monday. I guess my supervisor would very much like it if I would just quite the job. But I won’t, just to piss her off. And if it happens I got fired, it’s going to be pretty messy. You want to mess up with me, I am going to mess up with you – I am going to be a bit more than just a pain in the ass lol. I am going to be your worst nightmare… Pretty funny isn’t?

At that bank job, they really do have their little favorites. Like one co-worker of mine – we had started at the same time – was able to change her work schedule into a day time shift! I never had been able to get the shift I wanted since the beginning. AND I AM AN INVESTOR.

I won’t accept anything like this coming from my supervisor. But knowing she’s a Quebecker, should I be surprise? For her, I am really slow, and she told me the following: I had 20 years experience in call center; it’s hard to imagine that you had been working in a call center before and so on. I had been doing sales, but not as much as she wants. I try to handle calls quickly, but sometimes, its just doesn’t make it. She told me she was disappointed, that I wasn’t going to be successful and so on. And she finally end the conversation by saying that this upcoming week was going to be one where she will see if I continue or not. This is how Quebeckers are: stupid. Their behavior reflects their intelligence: very poor. So I am going to report the situation to the human resources (who could be Quebeckers too lol). And my supervisor also told me I had to change my behavior, but I have a good behavior at work. So now what? I am going to deal with those poor Quebeckers.

It’s like my supervisor want to make me loose my self-esteem. I guess she wanted to make me cry. But I didn’t cry. I find her way very mean. And I am going to fight back.

I might be one of the greatest small investor out there and this is how me, Sunny from My first 50 000$ I am being treated by Quebeckers. Please take note. Anyhow, my investment portfolio is doing very well. Even if I loose my job at the bank, I will be able to survive on one job and I may cash out the dividend I am currently earning instead of having them reinvested in the DRIP. I will be able to make it after all. I might stand on bread and peanut butter for a little while. This is just what I need: dieting. I need to loose a good 20 pounds. Voila… seem like I am going to loose that baby fat of mine after all lol.

I am having a hard time, but I keep thinking about people in Haiti. I am very devastated and sad to see what happen in Haiti. We see that beautiful pure blue sea, but all around, the country is devastated. Horrible. May we just pray from them.

My investment portfolio in date of January 9, 2010

Savings for my next investment:
2.69$ (ING Direct)
1 007$ (savings in regular banking accounts)
TOTAL: 1 009.69$

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 404$
Timminco (TIM): 276$
Blue Note Mining (BNT): 44$
Bank of Nova Scotia (BNS): 4 924$
Hanwei Energy Services (HE): 228$
Methanex Corporation (MX): 2 272$
Fortis (FTS): 2 984$
Pembina Pipeline Income Fund (PIF.UN): 7 147$
Just Energy Income Fund (JE.UN): 5 791$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 297$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 792$
Pengrowth Energy Trust (PGF.UN): 64$
Enbridge Income Fund (ENF.UN): 3 885$
Corby Distilleries Limited (CDL.A): 1 520$
TOTAL: 37 088$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 5 270$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 632.43$
Creststreet Alternative Energy Fund: 1 229$
TOTAL: 3 861.43$

RRSP:
CIBC Dividend Growth Fund: 490.43$
CIBC Emerging Markets Index Fund: 458.76$
CIBC Monthly Income Fund: 965.79$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 110.29$
TD Monthly Income: 98.49$
TD Emerging Markets: 83.04$
TD Energy: 85.54$
TD Precious Metals: 110.36$
TD Latin American Growth: 98.89$
TD Entertainment & Communications: 103.41$
TD Dividend Growth: 189.96$
TD U.S. Mid-Cap Growth: 97.11$

Maritime Life International Equity Fund (Templeton):
673.73$
Manulife Simplicity Growth Portfolio: 862.51$
Maritime Life CI Harbour Seg Fund: 1 028.49$
Maritime Life Fidelity True North Seg Fund: 971.49$
Maritime Life Trimark Europlus Seg Fund: 600.70$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 491.57$
RBC U.S. Mid-Cap Equity Fund C$: 1 792.13$
RBC Global Resources Fund: 898.92$
RBC O'Shaughnessy International Equity Fund:
624.71$
RBC O'Shaughnessy All-Canadian Equity
Fund: 990.35$
GIC Canadian Market: 1 000$

TOTAL: 18 578.80$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (49.11$):
65 897.03$
[In date of January 9, 2010]

Welcome Davis, I now hold 100 units of Davis + Henderson Income Fund (DHF.UN)

I now hold 100 units of Davis + Henderson Income Fund (DHF.UN). I am quite happy with this new comer in my investment portfolio. I purchase the 100 units at a fair price of 16.88$ per unit. The value will probably reach 17$ per unit really soon. So time to invest some Davis + Henderson Income Fund (DHF.UN). At 1.836$ in annual dividend (per unit!!), the dividend of Davis + Henderson Income Fund (DHF.UN) is quite juicy if you see what I am mean. Davis + Henderson definitevely deserve to be from my portfolio.

I am now at 39026.98$ for my stocks + units investment portfolio lol..... everything nice under the sun. $$$.

Can't wait this weekend to calculate my overall value. Got to run for work now.

Finally, my Just Energy Income Fund (JE.UN) dividend are in!

With the DRIP, I now own 3 new units of Just Energy Income Fund (JE.UN). I now own 414 units of Just Energy Income Fund (JE.UN). this mean that I should received 82.80$ from the Just Energy Income Fund special dividend! Yeah!

I am very happy that the TSX had lost some points since the time I gain an awesome 340$ and something. Because tomorrow, we are investing in 100 units of Davis + Henderson Income Fund (DHF.UN) and I need the lowest price on a short period... The value of each unit is under 17$ right now - very great, perfect price, perfect opportunity for our investment portfolio.

My investment portfolio gain 359.73$ in just a few days

Ok, this is quite exciting times! Compare to January 9, 2010, my stocks and units portfolio alone had increase in value. It had increase of 359.73$! My stocks and units portfolio is currently at :

37 447.73$! I am quite happy with those increase and I am just hoping it will continue this way as well for the upcoming weeks, no matter what Eric Sprott had to say about the wrong shape of the economy!

Sticking to the plan until the end: the 100 000$ investment goal in review

In date of January 9, its official, I own 65 897.03$ in valuable assets. Kind of cool, but no early retirement plan still on the go. Early retirement is definitely appealing, but until I can get there, if only I can, we have to go through multiple stages. We reach the 50 000$ this summer. And on date of January 9, 2010, we have exceed 65 000$. And we are not done! Still a lot is going on, still project on the go and new adventures coming on lol.

One of those project is to reach 100 000$ in assets. Just like for my dividend income, I may review this 100 000$ goal from time to time...

The 100 000$ goal in review

100 000$ goal – current assets 65 897.03$ = 34 102.97$

This may sound a bit strange, but I am actually waiting for my next paycheck to purchase 100 units of Davis + Henderson Income Fund (DHF.UN). This new investment that I will make on Friday will add around 900$ to the current 65 897.03$ that I currently own:

34 102.97$ - 900$ = 33 202.97$

33 202.97$ - 2010 annual dividend of 3 047.19$

= 30 155.78$

I plan to invest 2 000$ per month for the period February to December 2010:

30 155.78$ - (2 000$ x 11 months) = 8 155.78$ left to reach the 100 000$ in assets.

From my new investments of the period February-December 2010, I will probably be able to earn around 2 500$ in dividend (if not more, but it could be difficult). An extra 2 500$ in dividend income add to the current 3 047.19$ seem quite realistic.

8 155.78$ - 2 500$ = 5 655.78$

Only missing 5 655.78$ left in order to reach the 100 000$ in assets. Will I be able to make it?

100 000$ - 5 655.78$ = 94 344.22$

Let’s calculate an increase of 6% for this 94 344.22$ assets… A 6% return is quite possible and realistic….

94 344.22$ x 6% = 5 660.65$

94 344.22$ + 5 660.65$ = 100 004.87$

Conclusion: The 100 000$ goal of mine is achievable.

65 897.03$ later: stronger and sexier

It’s been a good week. I slowly begin to adjust myself to my crazy work schedule. Working from 12pm to 2am is not easy, but it’s truly achievable and its only 5 days a week… So far, so good. Money is my main AND only motivation... lol. And guess what, I will be able to make my next investment this very next Friday! I just can’t wait.

My overall investment portfolio is doing quite well and I am very happy at this time, on how everything just going perfectly well, everything is fitting well all together and I able to basically do everything I ever dream of. At this point, my main concern is trying to extend my investment portfolio.

I am now at 65 897.03$ value in assets! Its look like I am pretty good at my thing, doesn’t? I never taught I was going to be able to reach the 65 000$ by the end of January… but I did. I had put some money aside for my next investment. It’s another .UN investment, but the company is a real good one. On this upcoming Friday, I will be purchasing 100 units of Davis + Henderson Income Fund (DHF.UN).

I first heard of Davis + Henderson Income Fund (DHF.UN) while working at my new job at the bank (believe it or not, I work for a bank for now a couple of weeks…lol). Davis + Henderson Income Fund (DHF.UN) is a strong company and it definitely worth the investment. Davis + Henderson Income Fund (DHF.UN) dividend is quite spectacular: 1.836$ annual dividend per unit! At 100 unit, the investment will provide me 183.60$ in annual dividend income. WOW! Davis + Henderson Income Fund (DHF.UN) is WOW. Five stars investment, no matter if it’s a .UN investment or not, if you want to have my point of view.

New investment, new dividend…. Wouldn’t be time to celebrate our new comer in our investment portfolio by calculating something extra special, of course, our annual dividend income!!!

Sprott Inc. (SII): 505 stocks x 0.10$ = 50.50$
+ (let’s suppose Sprott Inc. will provide a special dividend like last year) 75.75$
= 126.25$
Bank of Nova Scotia (BNS): 104 stocks x 1.96$ = 203.84$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.04$ = 108.16$
Pembina Pipeline Income Fund (PIF.UN): 407 units x 1.56$ = 634.92$
Just Energy Income Fund (JE.UN): 411 stocks x 1.24$
+ 82.20$ of the 2009 special dividend = 591.84$
Yellow Pages Income Fund (YLO.UN): 420 units x 0.804$ = 337.68$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 6 units x 0.84$ = 5.04$
Enbridge Income Fund (ENF.UN): 300 units x 1.152$ = 345.60$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
= 2 947.19$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 047.19$

Finally! Breaking the 3 000$ in annual dividend income mark a major step in our journey and I am looking forward to increase my annual dividend income with new investments in the upcoming months.

My investment portfolio in date of January 1, 2010

Savings:
2.69$ (ING Direct)
540$ (savings in regular banking accounts)
TOTAL: 542.69$

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 272.50$
Timminco (TIM): 258$
Blue Note Mining (BNT): 38$
Bank of Nova Scotia (BNS): 5 115.76$
Hanwei Energy Services (HE): 243$
Methanex Corporation (MX): 2 104.29$
Fortis (FTS): 2 980.64$
Pembina Pipeline Income Fund (PIF.UN): 7 110.29$
Just Energy Income Fund (JE.UN): 5 918.40$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 251.20$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 795$
Pengrowth Energy Trust (PGF.UN): 60.72$
Enbridge Income Fund (ENF.UN): 3 966$
Corby Distilleries Limited (CDL.A): 1 550$
TOTAL: 37 008.80$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 991.69$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 564.90$
Creststreet Alternative Energy Fund: 1 187.60$
TOTAL: 3 752.50$

RRSP:
CIBC Dividend Growth Fund: 486.66$
CIBC Emerging Markets Index Fund: 452.89$
CIBC Monthly Income Fund: 960.53$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.71$
TD Monthly Income: 98.30$
TD Emerging Markets: 82.18$
TD Energy: 82.17$
TD Precious Metals: 103.96$
TD Latin American Growth: 97.22$
TD Entertainment & Communications: 103.05$
TD Dividend Growth: 191.35$
TD U.S. Mid-Cap Growth: 95.48$

Maritime Life International Equity Fund (Templeton):
669.94$
Manulife Simplicity Growth Portfolio: 850.61$
Maritime Life CI Harbour Seg Fund: 1 007.50$
Maritime Life Fidelity True North Seg Fund: 954.05$
Maritime Life Trimark Europlus Seg Fund: 602.33$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 489.71$
RBC U.S. Mid-Cap Equity Fund C$: 1 753.03$
RBC Global Resources Fund: 839.16$
RBC O'Shaughnessy International Equity Fund:
611.87$
RBC O'Shaughnessy All-Canadian Equity
Fund: 959.32$
GIC Canadian Market: 1 000$

TOTAL: 18 353.15$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (48.56$):
64 737.39$
[In date of January 1, 2010]

No Just Energy Income Fund (JE.UN) dividend yet

Beleive it or not, I didn't receive my units from Just Energy Income Fund (JE.UN) on Monday like I had been promised by TD Waterhouse.... Of course... lol... when it come to my dividend, I can really become selfish and arrogant. I didn't receive my Just Energy Income Fund dividend yet, but I should received them soon, since weird stuff going on in my broker activity.

Otherwise, my investment portfolio is quite doing well. I got very excited previously today when I was lookimg at the TSX points. Could it be it, could the TSX reach the 12 000 points sometime in January? In date of January 5, my portfolio is at 37 212.90$. which represent an increase of 204.10$! HOT.

My 2009 financial year in review

2009 had been a great year, financially speaking. Following Derek Foster strategy had been, so far, one of the greatest things I ever done in my entire life. And it’s all start in 2009, and it will definitely continue in 2010.

I had been working very hard at building myself a strong investment portfolio. And surprise: I was kind of successful at it! But for several months, I taught I was going no where, some of my investment had lost some great value. But I believe things were going to be better eventually. And it did. And I am very happy it did because I was in need of something like this. Doesn’t feel great to be successful at something, at least one thing? lol…. Anyway, the way I make it was pretty easy but it requires a lot of hard work because my situation on the workplace but…. Forget about those poor recruiters who didn’t want of me when it was time. And forget about those jobs that are under-paying me! I am going to make it just for all of those *******! (Got an idea of the word?) lol… And talking about personal revenge, I got part of that in 2009. I had my revenge but I am a fabulous investor.

It’s all about following your own ideas and doing what you believe is good for you financially speaking once you get a picture of the whole thing. Since I work more than 60 hours per week, I don’t have too much time to educate myself on finance and stuff, so I rely on Derek Foster a lot and, when I learn about Derek Foster fourth book, I just run to the Chapters as quickly as possible to get it.

Anyhow, to come back to my own strategy, among the way, I become addict to the stock market and I absolutely need to make at least a « purchase » if not every month, every 2 months or so of a new investment. If I don’t invest for more than 2 months, I feel unsatisfied ;o) and I always like it so much to add another company to my collection.

My way of investment can be seen as making no sense, but the most important thing is, I believe, to invest, even if are talking, in my case, small amount of money each time. But what’s fantastic in my case is that those small investments had, in many cases, grow and had provided dividend.

I am very happy with the results and with my financial experience of 2009. It’s been a brake-through experience as it was the first time ever I was purchasing stocks and units.

Here are some investments that turn pretty well for me:

Bank of Nova Scotia (BNS)
Initial amount invested: 4 661.55$
Value on date of December 31: 5 116$
Profit made: +454.45$

Enbridge Income Fund (ENF.UN)
Initial amount invested: 3 584$
Value on date of December 31: 3 966$
Profit made: +382$

Fortis (FTS)
Initial amount invested: 2 598.79$
Value on date of December 31: 2 981$
Profit made: +382.21$

Just Energy Income Fund (JE.UN)
Initial amount invested: 5 392.04$
Value on date of December 31: 5 918$
Profit made: + 525.96$

Methanex Corporation (MX)
Initial amount invested: 1 626.80$
Value on date of December 31: 2 104$
Profit made: +477.20$

Pembina Pipeline Income Fund (PIF.UN)
Initial amount invested: 5 926.11$
Value on date of December 31: 7 110$
Profit made: +1 183.89$

Yellow Pages Income Fund (YLO.UN)
Initial amount invested: 2 174.26$
Value on date of December 31: 2 251$
Profit made: + 76.74$

Bell Aliant Regional Communications Income Fund (BA.UN)
Initial amount invested: 2 709$
Value on date of December 31: 2 795$
Profit made: +86$

Total of profit made from my major stocks and units investment:

3 568.45$

And to this 3568.45$ we can add the 1 549.62$ I earned in 2009 from dividend. This make a total of 5 118.07$ in profit. Kind of nice!

What’s good about all this is that, thanks to Derek Foster, I am investor goddess and no one really knows about it :)

As you can see, it’s clearly possible to gain valuable money by investing in the stocks market. Those marvelous gains help me to recover from bad investments. In date of today, my good investment had did so well that I am about to reach the point where I am going to soon forget about my bad investment.

The key is to keep investing in different dividend paying companies and diversify-diversify-diversify! As you can see, I really like to diversify my investment portfolio!

Good investing party in 2010, the journey continues.

Magical winter snow is in Montreal today

I was working yesterday evening. But I wasn’t working during daytime, so I enjoy the rest. Today, I was off all day long. I wake up in the middle of the day, totally burn out lol. When I saw the weather outside, I decide it was a good day to do my hair. I like the red auburn color. I might go out for outside even if it’s still snowing. I stay in all day long. I need to take some fresh air, even if the fresh is.. kind of cold lol. I don’t like to spend all day long inside. I would like to bring my laptop to a cafe, but with all that snow outside, I would be afraid to fall, with my precious laptop, hard to the ground.

So yesterday, I call TD Waterhouse. It took me 10 minutes before being able to speak some somebody. And I was told that I should receive my Just Energy Income Fund (JE.UN) on Monday… Will I receive my units on Monday? I will have to wait.

I also try to get ride of the Sprott Canadian Equity Fund, but guess what? The representative was not license for Quebec, I was told to call today… So I wasn’t able to get anything done. So I politely hang up, all this without screaming.

Actually, I didn’t want to sell Sprott Canadian Equity Fund. Yes, I don’t like this fund, but I am willing to give Eric Sprott one last chance lol. The fund just begins to gain some consistent gain and I have to say, I am not going to punish myself just before I don’t like Eric Sprott. I have Sprott Canadian Equity Fund in my investment portfolio and, unfortunately, I have to deal with it.

On this, I am going outside to get a taste a cold winter night inside my brain.

Derek Foster vs Eric Sprott: who's the best investor?

Who’s the best investor between those 2, you believe? It’s of course Derek Foster. After selling his portfolio (around March 2009 or so), Derek Foster decide to stick to the stock market. He’s a good example to follow. But it’s not exactly the case when it comes to Eric Sprott of Sprott Asset Management LP.

No matter what Eric Sprott and his colleague David Franklin had to say about the bad shape of our economy, I am still on the road to reach 100 000$ in assets – and not 100 000$ in savings… There’s a major difference here. The “assets” provide a continuous cash flow in my investment portfolio and savings well, will provide me nothing at all. I am not a fan of 1% interest rate savings account.

Once again, I will like to come back to the article of Eric Sprott and David Franklin: “Is it all just a Ponzi scheme”. This type of article is kind of surprising knowing that Eric Sprott had blame the short stocks sellers (purchase stocks and sell shortly after to accumulate gain) for part of the problem – the bad shape of the stock market. What I consider bad shape is when the stock market gain consistent gain to loose them all 2 or 3 days later… Short term sellers may be part of the problem, but Eric Sprott represents a bigger problem on itself.

Of course, here at My First 50 000$ we are not from those who purchase stocks just in order to sell and accumulate gains. We invest to gain from dividend, and not gain from sell – at the exception of one experience we try to perform with Dumont Nickel (DNI). I currently hold 23 000 stocks of Dumont Nickel (DNI) that I had been trying to sell at 4 cents per stock. After several months, my sell order still on – I haven’t been able to sell my 23 000 stocks at 4 cents per stock yet.

Here at My First 50 000$, I sell for necessity – not in the purpose to make quick gain. And since, by the way, I am almost at 65 000$, I am not in need to quick gain cash here, it’s about building an investment portfolio for the long run.

The stupidity of Eric Sprott is obvious. This article had nothing to bring back the confidence of the investors who, after reading Eric Sprott and David Franklin. Sometimes, the persons who had power are sometimes the most ignorant of all. Remember George W. Bush? And now its turn to Eric Sprott to show publicly his own lack of knowledge. We may now understand better on why Jean-Francois Tardif had call for a too soon retirement back in July 2009.

We close the year 2009 with an overall value of 64 737.39$ in our investment portfolio. And in 2010, we will finish the year with at least 100 000$, no matter what Eric Sprott had to say.

Beat the steel when it’s hot, make money like crazy and forget about Eric Sprott

I am finishing the year of 2009 with 64 737.39$ in assets! Compare to December 21, I had something new in my portfolio: some cash! I had accumulated some cash for my next investment, that hope for not later than the end of January 2010. It’s looking good for a 75 000$ in 3 months or so, I hope or best, in even less time. I am feeling pretty confidence because even without any new investment being made, my portfolio keep growing.

My stocks and units portfolio alone, in date of December 21, worthed 36 661.08$. On date of January 1, the same portfolio worth 37 008.80$, which represent an increase of 347.72$ in less than 2 weeks.

While experimenting nice gain in very fantastic investment portfolio, I had to go through this – Mr. Eric Sprott again – thinks that our whole financial system will collapse will March 2010 or so… POOR MAN! Wouldn’t be time for Eric Sprott to look for retirement? The answer is: YES.

Eric Sprott might be seen as a poor man through my own eyes, but through some other eyes, Eric Sprott mean a big deal to some people, but Eric Sprott do not mean anything for me. Who does he thing he is to say such things! Investment is a lot about self-confidence and psychology. If, a well-known investor like Eric Sprott begins to make public declarations about a financial collapse – it’s not certainly going to help!

I hate Eric Sprott at this very moment because he had influence and some investors might sell their investments to listen to a so call stock-guru. Eric Sprott, if you don’t believe, just get out of there and shut the hell up!

Eric Sprott might achieve a great deal, but his Sprott Canadian Equity really do not do the job. Eric Sprott was able to manage pretty well his hedge fund, but when it come to his mutual fund, the Canadian Equirt one, the results are not that great. Why? And his Timminco (TIM) winner stock pick well, wasn’t at all a winner pick. So you can see that Eric Sprott had failed in many aspect of his investment career and his article just sign the beginning of the end. He might thing he hit pretty well with his “Is it all just a Ponzi scheme?” article, but Eric Sprott and David Franklin are just two clowns who really had nothing to do better in the holidays than to write this stupid article to make investors freak out. I mean, come on! Have a bit more respect for the stock market that had make yourself so rich and powerful.

So……….. Let’s all forget about Eric Sprott and his poor respect for the stocks market. This man is going to kill me.

I am going to erase all traces of Eric Sprott in my investment portfolio.

So here’s the plan:

Tomorrow, I am going to call TD Waterhouse and transfer the Sprott Canadian Equity Fund I hold into my Tax-free savings account. Once I will see that the transfer had been done, I will sell all the units I hold of the Sprott Canadian Equity Fund. This mutual fund is really all bullshit.

The sell will provide me about 5 000$ in cash, which I will use to invest in the Creststreet Alternative Energy Fund.

After this, I will still be holding Sprott Inc. (SII) stocks. And what am I going to do with those stocks? I am going to sell them. When, I don’t know. But I will definitely sell. And if you hold any Sprott Inc. (SII) stocks, I strongly suggest you to sell all stocks of Sprott Inc. (SII) you might hold in your investment portfolio.

Eric Sprott is an evil man.

My investment portfolio in date of December 21, 2009

Savings:
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 282.60$
Timminco (TIM): 250$
Blue Note Mining (BNT): 40$
Bank of Nova Scotia (BNS): 5 009.68$
Hanwei Energy Services (HE): 213$
Methanex Corporation (MX): 2 060$
Fortis (FTS): 2 978.56$
Pembina Pipeline Income Fund (PIF.UN): 7 110.29$
Just Energy Income Fund (JE.UN): 5 848.53$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 179.80$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 782$
Pengrowth Energy Trust (PGF.UN): 61.62$
Enbridge Income Fund (ENF.UN): 3 960$
Corby Distilleries Limited (CDL.A): 1 540$
TOTAL: 36 661.08$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 869.68$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 593.02$
Creststreet Alternative Energy Fund: 1 179.58$
TOTAL: 3 772.60$

RRSP:
CIBC Dividend Growth Fund: 478.64$
CIBC Emerging Markets Index Fund: 438.04$
CIBC Monthly Income Fund: 948.18$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.88$
TD Monthly Income: 96.89$
TD Emerging Markets: 80.15$
TD Energy: 80.66$
TD Precious Metals: 99.97$
TD Latin American Growth: 93.93$
TD Entertainment & Communications: 103.46$
TD Dividend Growth: 187.60$
TD U.S. Mid-Cap Growth: 96.38$

Maritime Life International Equity Fund (Templeton):
662.63$
Manulife Simplicity Growth Portfolio: 842.49$
Maritime Life CI Harbour Seg Fund: 989.32$
Maritime Life Fidelity True North Seg Fund: 941.75$
Maritime Life Trimark Europlus Seg Fund: 604.38$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 484.51$
RBC U.S. Mid-Cap Equity Fund C$: 1 773.14$
RBC Global Resources Fund: 810.32$
RBC O'Shaughnessy International Equity Fund:
617.18$
RBC O'Shaughnessy All-Canadian Equity
Fund: 968.27$
GIC Canadian Market: 1 000$

TOTAL: 18 259.90$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (47.06$):
63 653.01$
[In date of December 21, 2009]

Happy New Year, I hate TD Waterhouse

Some messy stuff is going on in my TD Waterhouse account! Look at this! It’s actually what I see under Activity, for the day of December 31, 2009:

Trade Date 31-Dec-2009
31-Dec-2009

-411 JUST ENERGY INCM FND T/U DIV $0.00 $42.47
31-Dec-2009

-411 JUST ENERGY INCM FND T/U DIV $0.00 $42.47
31-Dec-2009

411 JUST ENERGY INCM FND T/U DRIP $0.00 -$42.47
31-Dec-2009

411 JUST ENERGY INCM FND T/U DRIP $0.00 -$42.47
31-Dec-2009

-103 METHANEX CORP DIV $0.00 $16.47

Messy, messy, messy!

Ok, I had received the dividend of Methanex Corporation. That’s cool. 16.47$ I can transfer on my line of credit. Nothing wrong for the last lign who concern Methanex Corporation. My problem is with Just Energy Income Fund (JE.UN).

As always, TD Waterhouse is not doing the work properly! I am just very upset. TD Waterhouse is just adding some of its own shit into my account activity. I don’t know if you can see how frustrating this is! I had received 2 payments of 42.47$ (DIV) for Just Energy Income Fund (JE.UN). And… 2 withdraw of 42.27$ for Just Energy Income Fund (JE.UN). What’s going on? I HATE TD WATERHOUSE! I work 12 hours per day, I do not have time to spend over the phone!

Wow! This is actually pretty releasing!

So now, that I am all release, I am going to call them to see what’s going on! And I will try not to scream too loudly at them, I promise. I have to do quick because I am also expecting special dividend of Just Energy Income Fund (JE.UN) and I want to have everything in DRIP.

Jason Kirby article in the MacClean's magazine about Derek Foster

Boxing Day is tomorrow and I am very excited. I finally be able to maybe shop for a winter boat and new jeans and some perfume from Body Shop and so on. My list is long, but I limit myself at 300$ in spending. While waiting for the fantastic day to come, I wanted to write on a topic that had been disturbing for me so far.

I appreciate Derek Foster 4 books. I went through this article a couple of weeks ago, someone at the name of Jason Kirby write an article in the MacClean. MacClean is a Canadian magazine – well-respected and so on. Well, MacClean’s magazine was a well-respected magazine until November 26, 2009, date where the magazine decided to publish on his Web site an article title “Lessons from the FALL: Some investors escaped unscathed. How did they do it?”. Jason Kirby article describe Derek Foster journey.

First, to answer this article question, I will say that I escaped unscathed from the stock market crash by following Derek Foster tips that he described in his books. I also escaped by respecting my very own believed. I am not financially very literate, but I believe in the stock market and in the power of Barack Obama on the economy worldwide. It’s the reason why I continue, on date of today, to invest and it’s exactly the reason why I didn’t sell my investment just to sell them.

The article “Lessons from the FALL: Some investors escaped unscathed. How did they do it?” of Jason Kirby is really unfair. One great Canadian had decided to share his financial knowledge to other and this is how the community is thanking him: by publishing an awful article in a national magazine. Until November 26, 2009, MacClean had been the voice of Canadian. But MacClean’s magazine is no longer what its use to be. While I was in high school, my English teacher makes us buy the MacClean’s magazine. We were reading MacClean articles in class and so on. But this was a long time ago and as you can understand, MacClean is no longer what it use to be. And as you notice, I need to refresh my English classes lol…

I am not talking for Derek Foster of course, but I would like to answer to some of Jason Kirby quotes, who seem to be pretty illiterate when it comes to Derek Foster work.

Here we go, let’s begin…

“With a net worth of about $1 million, and time on his hands, he turned to writing. And his books, with titles like Stop Working: Here’s How You Can and The Lazy Investor, suggested the path to retirement bliss was alluringly simple. Buy shares in leading companies that pay healthy dividends, he recommended, and hold on to them for the long haul.”

Nothing wrong with this part, Jason Kirby, so far so good. But just one thing: the path to retirement bliss is simple and easy. Sometime, the easiest things to understand are the hardest one to learn and understand. I know it myself, I had to read Derek Foster books multiple times before catching anything out. Maybe should you read them again?

After this part, Jason Kirby is simply loosing himself in the fact that Derek Foster, the buy-and-hold guy had sell all of his portfolio and so on. Well, I have a little something to add regarding this. Stocks had been made to buy and sell. When I set up my broker account at TD Waterhouse, I give TD Waterhouse a call and place this following request: to make it impossible to sell any stocks from my portfolio. At that time, the investment thing was all new for me and I wanted to find a way to protect my portfolio from fraud or from anything that could happen to it. I am a stocks and units collector, and when I am talking about my investment portfolio, I am not joking. The TD Waterhouse representative explains to me that it wasn’t possible to apply such hold in the account. The TD Waterhouse representative continue by saying that if something happen to one of the company I hold, that I might want to sell. Well, I have to say, that “something” unfortunately happens when Pengrowth Energy Trust (PGF.UN): announced a second dividend cut. At that time, I had a dividend income goal. And Pengrowth Energy Trust (PGF.UN): was going to ruin the whole thing. So I sell. And I made a profit out of the sell. It was fantastic. The point of all this is: stocks had been made to sell and buy. It’s an investment basic rule that I learn at the beginning of my stocks adventure.

Jason Kirby article continue with this very awful paragraph:

“If one were looking for lessons from the financial crisis, Foster’s U-turn would seem to offer plenty to chew on. Like don’t get wedded to any particular investing style. Or if you do, don’t panic when things turn rocky. Not that Foster, who just published his fourth book, Stop Working Too: You Still Can!, says any of that applies to him. He insists he didn’t get spooked by the crash, and says that bailing out near the bottom of the market, and then buying back in after the rebound didn’t cause him any grief, or even lose him any money. “I’m not any further ahead or behind where I would have been,” he says, thanks to a side strategy of buying put options, a complicated tool that lets investors bet on falling stock prices. Instead, the number one lesson Foster says he learned from the experience was not to share every investment decision he makes with the public.”

Derek Foster was honest enough to go out publicly with the fact that he had sold his portfolio. Myself when I learn about the even, I was all confused and I didn’t understand what it was all about. But in this investment game, the person who invest and decide to become an investor had to be very confident about him/herself. It’s all about listening to your feeling. I had been successful so for because I had followed my feelings and my feeling was to stick to what Derek Foster was teaching in his books. When I decide to sell my 600 and something units of Pengrowth Energy Trust (PGF.UN) a little while ago, I sell because another dividend distribution cut by Pengrowth Energy Trust (PGF.UN) was disturbing me and I really taught, at that time, that Pengrowth Energy Trust (PGF.UN) was going to loose some great values. So I sell. I sell because I belive in my feelings and like Derek Foster who sell his portfolio because he taught that the whole financial system was going to crash. I was wrong and Derek Foster was wrong too. Finally, Pengrowth Energy Trust (PGF.UN) didn’t loose any of its value, even after the company announced a second dividend cut. The financial system didn’t crash down.

Just to say that investment is a lot about feelings and self-confidence. Derek Foster had a good heart enough to go public with his decisions. The reason why is simple, Derek Foster know for sure that some people are trying to do the same thing as himself when it come to investment. But also, his books are bestsellers, so he had the responsibility to go public with his decision. And this was the right thing to do. Personally, I don’t think Derek Foster regret his move. His honesty will sooner or later pay off. I completely disagree when Jason Kirby say: “(…) the number one lesson Foster says he learned from the experience was not to share every investment decision he makes with the public.”

Actually, Jason Kirby article is all bullshit… lol…

But you didn’t read the most hilarious part:

“For everyone else though, the lesson should be blindingly obvious: don’t listen to anyone who tells you they’ve discovered the path to easy riches and a carefree retirement.”

I am partially blind from the left eye (if I cover my right eye, I can barely see from my left eye, got the picture?) , I don’t know if it’s the reason why I believe in Derek Foster strategy so much, but so far so good. I made enormous profit from my investment by following Derek Foster and I am not done. I am on the road for my first 100 000$.

Derek Foster investment picks are awesome. He is a good stocks picker. Better than Eric Sprott, from whom I only lost money with his Sprott Canadian Equity Fund. So when talking about Derek Foster, better be careful or I will come to the rescue.

Here another little thing coming from Jason Kirby:

“What’s worse, some Canadian investors borrowed heavily to buy stocks, a practice known as margin investing”

I read Derek Foster books over and over again. And guess what? Derek Foster the margin investing in one of his books, but I couldn’t tell which one. See, Derek Foster quotes are print in my heart and I know the content, I just cannot say what belong to which book anymore. But I have to say, Derek Foster clearly warn investor about margin investing. Derek Foster point of view about margin investing is clear: no one should use margin investing to invest in the stocks market. And guess what, I do not use margin investing. It’s too dangerous. If you want to invest, start from the bottom and fly right to the top with your own money. This is working fine for me.

In the second page of his article, first paragraph, Jason Kirby does not write anything about the fact that Derek Foster does not recommend margin investing. You want to know why? Because Jason Kirby is not a well-known journalism. Jason Kirby is not a bestsellers author or a well-known investor. But Derek Foster is. Could it be jealousy? It’s certainly is.

Jason Kirby end his article with this sentence: “Perhaps the best lesson to take from the fall is to simply remember that sooner or later, it will happen all over again. Will you be ready?

My answer to Jason Kirby: don’t worry about it, I WILL BE READY. I AM READY.

So now, time for Jason Kirby to recycle into something else than journalism and for MacClean to close their Web site and stop publishing their magazine. And time for me to take English courses;) And talking about English courses, did you know that Derek Foster had teached English overseas? Its actually how he met his wife. Isn't lovely?

Anyhow, it was about time to show the world the stupidity of MacClean’s magazine toward Derek Foster. But its now thing done.

Tomorrow is the best day of the year, it's Boxing Day and it's going be awesome! Happy Boxing Day! Shopping time!

Investment made easy and… sexy

Or about my strategy to reach the 100 000$ in assets for 2010

Forget about pals with MBA… I am a middle class worker with basically no education lol and I am proud of it. And guess what – my prediction for 2010: I will definitely reach the 100 000$ in assets. If you fully want to understand how, you better read this post. It contains valuable information on how I plan to do it.

I decide I wouldn’t let my chance to reach the 100 000$ in assets for 2010 run away! At first, reaching the 100 000$ can seen as an impossible goal. But it’s not. This 100 000$ is truly achievable because I had been thinking the whole thing from different angles and no matter from which angles I take, I have to confess, I do not see any restriction or any reason why I couldn’t reach the 100 000$ in assets in 2010. So why not? Let’s do it!

Here is the plan:

In date of December 5th, 2009. I own 63 653.01$ in fabulous assets. And in date of December 25, I own even more, because the TSX had gain significant points on December 24, my stocks and units investment portfolio alone had gain 348.91$. Isn’t sexy gains?

Back on December 5th, the value of my stocks and units portfolio alone was of 36 661.08$. On date of December 25th, the value of the same portfolio is of 37 009.99$. I am taking those gains as Christmas gifts.

Currently, the overall value of my entire portfolio might be around 64 200$.

100 000$ - 64 200$ = 35 800$

I am missing 35 800$ in order to reach my goal. Got the picture? But wait…

Between January 2010 and March 2010, I plan to save 2 000$ per month for my RRSP:
2 000$ x 3 = 6 000$

35 800$ - 6 000$ = 29 800$

In 2010, I will probably earn 3 000$ from dividend distributions of my current portfolio:

29 800$ - 3 000$ = 26 800$

I have 9 months, the period covering April 2010 to December 2010 to add 26 800$ to my portfolio. This represents the amount of 2 977.78$ per month for 9 months… Quite a lot of money. My top contribution can be of 2 000$ per month. This mean that I will be probably missing 8 800.02$ to reach my goal. But… Since my portfolio is diversified, I am expecting a grow of my portfolio of around 8% for the year 2010:

64 200$ x 8% = 5 136$

8 800.02$ - 5 136$ = 3 664.02$

I will be missing 3 664.02$ to make it happen. But…

During the year 2010, I will earn new dividend from my new investments. And I like to believe that the amount of those new dividends will be of 3 664.02$ or that the interest grow of my entire investment portfolio will be more than 8%...

There’s nothing sure about this 100 000$ goal of mine. I definitely need a good market situation, I need to keep working at my 2 jobs and if not, looking for a third source of incomes. I do not really care of what it will take me. But 2010 will be the year of the 100 000$. Believe it or not. I had to let everyone know about this.

My Bell Aliant Regional Communications Income Fund (BA.UN) dividend

I received my Bell Aliant Regional Communications Income Fund (BA.UN) dividend on date of December 15, but I just notice the transaction today. I had received 24.15$, no DRIP from this one as Bell Aliant Regional Communications Income Fund (BA.UN) value is currently close to 28$ per share. So guess what I did – I transfer the little amount over my TD credit line and I am pretty happy about it.

Currently, my stocks and units investment portfolio is at 36 748$, which is an increase of…. 86.92$ compare to December 21. Hot good news.

I am now at 63 653.01$ with my overall investment portfolio

Fantastic result today for my investment porfolio! For the first time ever, what I own at TD Waterhourse currently reach more than 40 000$. Not so bad, knowing I still hold bad invesment. The overall initial value investment was making a total of 46 856.17$.

I could sell, of course, but if I sell, I screw up all of my chances to get over those losses one day. And we are talking of an amount of around 6 000$ in loses.

I am very proud of my investment in Enbridge Income Fund (ENF.UN). Not too long ago, I purchase 300 units of Enbridge Income Fund (ENF.UN) at the price of 11.95$ per unit. Currently, each of the Enbridge Income Fund (ENF.UN) worth 13.20$... I make a profit of 375$ in a matter of just a few days. Let’s say the timing was good. I am just hoping things will continue like this.

Believe it or not… I made a profit of 5$ today by purchasing 100 stocks of Corby Distilleries Limited (CDL.A) at 15.35$. Corby Distilleries Limited (CDL.A) close the day at 15.40$. Small, but still rewarding profit… I am that good :)

I guess this purchase close my 2009 investment adventure as I need to keep some money in or my rent and other… Hope 2010 will be the wilder, sexier and hottest and most profitable year of all. Will I reach the 100 000$ in assets in 2010?

Who really knows, anything could happen.

Derek Foster had to come with new investment ideas. That's all.

Stay tune… lol

My investment portfolio in date of December 5, 2009

Savings:
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 424$
Timminco (TIM): 278$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 050$
Hanwei Energy Services (HE): 183$
Methanex Corporation (MX): 2 095$
Fortis (FTS): 2 753$
Pembina Pipeline Income Fund (PIF.UN): 6 767$
Just Energy Income Fund (JE.UN): 5 328$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 141$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 675$
Pengrowth Energy Trust (PGF.UN): 58$
Enbridge Income Fund (ENF.UN): 3 750$
TOTAL: 33 898$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 5 079$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 509.14$
Creststreet Alternative Energy Fund: 1 154$
TOTAL: 3 663.14$

RRSP:
CIBC Dividend Growth Fund: 477.29$
CIBC Emerging Markets Index Fund: 475.33$
CIBC Monthly Income Fund: 950.53$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.45$
TD Monthly Income: 99$
TD Emerging Markets: 83.21$
TD Energy: 79.89$
TD Precious Metals: 106.24$
TD Latin American Growth: 98.97$
TD Entertainment & Communications: 101.73$
TD Dividend Growth: 187.60$
TD U.S. Mid-Cap Growth: 93.40$

Maritime Life International Equity Fund (Templeton):
676.58$
Manulife Simplicity Growth Portfolio: 839.19$
Maritime Life CI Harbour Seg Fund: 1 001.81$
Maritime Life Fidelity True North Seg Fund: 940.64$
Maritime Life Trimark Europlus Seg Fund: 722.60$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 481.96$
RBC U.S. Mid-Cap Equity Fund C$: 1 708.71$
RBC Global Resources Fund: 795.81$
RBC O'Shaughnessy International Equity Fund:
647.66$
RBC O'Shaughnessy All-Canadian Equity
Fund: 935.70$
GIC Canadian Market: 1 000$

TOTAL: 18 367.43$

Social Capital at Desjardins Membership share for 3 accounts:

40$

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (45.14$):
61 095.40$
[In date of December 5, 2009]

It's official, I now hold 100 stocks of Corby Distilleries (CDL.A)

I had purchased 100 stocks this morning of at 15.35$. My regular stocks and units investment portfolio is currently at 35 055.86$! Currently, the overall value of what I own at TD Waterhouse is now of 40 002.76$. If the day finish this way, for sure I will update my portfolio on my blog. As for now, I have to go, running to my 12 to 6PM shift... but afer, I will be back home..

Welcome Corby, 100 new stocks of Corby Distilleries (CDL.A) in my investment portfolio

I wake up… at 4PM. I arrived at home early, around 2 :35AM. I had to wait about 15 minutes before catching up a taxi. I have to say, the sleep was good. I usually wake up at 10AM in the morning. It’s actually what I had been able to go. I am slowly getting use to my new schedule. I taught I was working on Boxing Day and guess what, I am finally not working. I do not work on Monday, but at my other job I do, so I might get up earlier or do the shift until late to get some money for the Boxing Day. I wouldn’t like to get more debts than what I have now…

If I spend 300$, it will be good. I am not really in needs of anything, unless a little pair of shoes I could leave at work. I don’t like to be working with boots in my feet. So at one job, I left my Nike shoes, and at the daytime one, I could be wearing a cheap pair of shoes. I don’t like to carry too much stuff with me when I move from a job to go to the other one. It’s easier than I taught. Guess the money really motivate me. And I am actually amazed on how much I can save. Living in Montreal is a blessing. The cost of living is relatively inexpensive and this allows me to save big bucks every month.

And talking about money, I currently have 1 593$ available in cash in my new broker account! I just notice it right now… Of course, whenever I log in to my laptop, I first go pay a visit to my online investment portfolio at TD Waterhouse, after I took a look at my new broker account (sorry, I won’t say with who it is to keep my employer name private lol)…

The trade commission being exceptionally low, I can easily purchase 100 stocks of Corby Distilleries (CDL.A). On Friday, Corby Distilleries (CDL.A) close at 15.33$. So I am placing my order right now for Monday! I place my order at the limit price of 15.40$. My new online broker account is very easy to use. It’s let’s user print out there orders… Nice, but my printer is in its box, with no ink.

Wouldn’t be time to update our dividend income?

Sprott Inc. (SII): 505 x 0.10$ = 50.50$
Bank of Nova Scotia (BNS): 104 x 1.96$ = 203.84$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 104 x 1.04$ = 108.16$
Pembina Pipeline Income Fund (PIF.UN): 407 x 1.56$ = 634.92$
Just Energy Income Fund (JE.UN): 411 x 1.24$
+ 82.20$ of the 2009 special dividend = 591.84$
Yellow Pages Income Fund (YLO.UN): 420 x 0.804$ = 337.68$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 6 x 0.84$ = 5.04$
Enbridge Income Fund (ENF.UN): 300 x 1.152$ = 345.60$
Corby Distilleries (CDL.A): 100 x 0.56$ = 56$
= 2 687.84$

+ let’s say 100$ from the DRIP= 2 787.84$

My new acquisition just bring a little 56$ to my dividend income. But a 56$ is still a 56$ and since Derek Foster hold Corby Distilleries (CDL.A) in his portfolio, I had to hold some Corby Distilleries (CDL.A) stocks in mine too lol, even if we are talking of only 100 stocks. Little investments here and there can really make a difference at the end.

Friday during the day, the value of my portfolio gain major bucks. But at the end of day, it was a back-to-normal situation. My new Corby Distilleries (CDL.A) acquisition adds value to my portfolio. It’s actually adding 1 533$ to my overall portfolio…. My units and stocks investment portfolio is currently at 34 658$, which represent an increase of 760$ compare to December 5th. For my overall portfolio, let’s be super optimistic and say its all increase of 1 000$ this last Friday.

Here’s the maths:

1 000$ + 61 095.40$ (which is the value of my portfolio on December 5th) + my new investment of a 1 533$ value…
= 63 628.40$

It’s difficult to imagine I own that much…. I am actually only missing 36 371.60$ before reaching 100 000$. I believe this can happen for me in 2010. This is the ultimate goal, let’s say. I will certainly continue to invest in 2010. I am just so into that thing right now! In the last couple of weeks, my portfolio grow and got stronger with Bell Aliant Regional Communications Income Fund (BA.UN) and Enbridge Income Fund (ENF.UN).

The weekend on, I want to see Avatar at the theater, the new movie of Canadian James Cameron. I like his blue soft characters; they are very exotic and sexy.

Another marvelous: Davis + Henderson Income Fund (DHF.UN)

Surprise.. I finally find out how to transfer funds quickly and easily to my new broker account. At first, I proceed with a type of transfer that will take 3 to 5 days to be completed! On the 17th, I transferred 1 500$ from my also new banking account to my very new broker account… And ho surprise, the money wasn’t there! I really dislike electronic transfer of money. But lately, I discover another way, which is easier and the transfer is almost automatic: I simply need to proceed with the transfer of the money I want to use for trade in a special account that had been open for me. Anyway, the whole thing is completely different than TD Waterhouse so I was very lost in the whole process. It’s frustrating because I really wanted to get some Corby Distilleries (CDL.A) stocks, but I guess this will have to wait until next week.

Anyway, I do not have enough of 1 500$ anymore to purchase 100 stocks of Corby Distilleries (CDL.A)… The value of the stocks is currently of 15.060$. The reason why I invest in Corby Distilleries (CDL.A) is to increase the number of stocks I hold in my investment portfolio. The vast majority of what I own are .UN investment.

Talking about .UN investment, I went through one I didn’t know before: Davis + Henderson Income Fund (DHF.UN).

I never heard of Davis and Henderson before starting my new banking job. I know them for cheque orders… Today, when looking around my TD Waterhouse account, while looking under Sprott Inc. (SII). And I notice those words: Davis Henderson… Sound familiar! And guess what? Davis + Henderson Income Fund (DHF.UN) is affordable (16.280$). Don’t you find the + between Davis and Henderson kind of mysterious? I do.

Davis + Henderson Income Fund seem be a bit volatile as its activities are in the finance sector. Why I am saying so? Because of the difference between the highest (16.790$) and the lowest (10.40$) is about 7$. A quick search gave me the impression that Davis + Henderson Income Fund is a good investment for beginners like myself. The best is yet to come…

Davis + Henderson Income Fund (DHF.UN) annual dividend is of… 1.836$ per unit! Can you believe? 1.836$ per unit!!!! This is hugeeeeeeeeee.

Davis + Henderson Income Fund (DHF.UN) is on my list of companies I HAVE TO invest in.

100 units of Davis + Henderson Income Fund (DHF.UN) will provide me an annual income of 183.60$. My 100 stocks of Corby Distilleries (CDL.A) will provide me an annual 56$. At that time, I will be very close to 3 000$ in dividend income… And closer to financial freedom….

Special dividend from Just Energy Income Fund: get more from your investment

Ok, just before starting talking about dividend, I have to make my special announcement: my stocks and units investment portfolio is currently (12:26PM) at 35 031.79$! This represent an increase of 1 133.79$ compare to December 5th. On December 5th, the value of my stocks and units investment portfolio was of 33 898$. This is very great and jus now, knowing that my portfolio had increased of more than 1 000$ within 2 weeks make me feel awesome lol.

Just Energy Income Fund declare a 20 cents special dividend

And not a 0.1333 one! So this is even better. I don’t know where I got the 0.1333 special dividends from. I may have read the news release too quickly. I currently hold 411 units of that extra fabulous Just Energy Income Fund (JE.UN). Which mean that I should received 82.20$ in special dividend from Just Energy Income Fund! Isn’t great?

I am currently off this afternoon of my day time, but I work at my evening job and I have off Monday! So it’s making myself kind of a small vacation from work. I quite enjoy having free time once in a while. The weekends are always so short.

With this great news regarding Just Energy Income Fund, I really wanted to calculate my annual dividend earnings… One more time!

My future food and money provider:

Sprott Inc. (SII): 505 x 0.10$ = 50.50$

Bank of Nova Scotia (BNS): 104 x 1.96$ = 203.84$

Methanex Corporation (MX): 103 x 0.62$ = 63.86$

Fortis (FTS): 104 x 1.04$ = 108.16$

Pembina Pipeline Income Fund (PIF.UN): 407 x 1.56$ = 634.92$

Just Energy Income Fund (JE.UN): 411 x 1.24$

+ 82.20$ of the 2009 special dividend = 591.84$

Yellow Pages Income Fund (YLO.UN): 420 x 0.804$ = 337.68$

Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.904$ = 290.40$

Pengrowth Energy Trust (PGF.UN): 6 x 0.84$ = 5.04$

Enbridge Income Fund (ENF.UN): 300 x 1.152$ = 345.60$

= 2 631.84$
+ 100$ from the DRIP
= 2 731.84$

Earning 2 731.84$ from dividend is quite a major deal for me.

And to those numbers, we may add the special dividend of Sprott Inc. (SII). Back in April 6, 2009, Sprott Inc. (SII) had distributed a special dividend of 0.15 cents per stock. At that time, I had earned 75$ from Sprott Inc. special dividend. 2009 had been a pretty tough year for the Sprott Canadian Equity Fund! So I truly don’t know if Sprott will provide a special for 2010. I still hold Sprott Canadian Equity Fund. I purchase this mutual fund just before the major stock crash, just when I shouldn’t. I had invested a total of 7 033.50$ in the Sprott Canadian Equity Fund. On date of today, my 7 033.50$ worth 4 891$. I was confident that Sprott would have work for me, but it didn’t. This was supposed to be the investment that was supposed to make me rich and it simply didn’t. The managers might already have enough pressure on their shoulders, but I have to say, I am an investor and I am not satisfied with Sprott Canadian Equity Fund. Period. But not to blame Sprott only, I am not satisfied with O’Shaughnessy either. My investment are all for a long term, but still, I want to see result on a short term. I am not going to wait 10 years to get a 5% return!

One mutual fund I am totally satisfied with is Creststreet Alternative Energy Fund. Several months ago, I took this great decision: to invest 1 000$ in the Creststreet Alternative Energy Fund. And believe it or not, in date of today, the value of this investment in the Creststreet Alternative Energy Fund is of 1 483.93$. It’s really rare to see mutual funds giving investor a profit in the year of 2009. 2009 had been rough and tough. Cannot wait for 2010 to come in. A new decade, a new year and some positive results coming from the Creststreet Alternative Energy Fund.

So right now, the Creststreet Alternative Energy Fund is kind hot on Bay Street. The Creststreet Alternative Energy Fund is being managed by Steve Martin… Sprott and O’Shaughnessy are in their fifties-sixties, if not seventies lol… and Steve Martin is not even 30 years old. Age have nothing to do with all this, but isn’t time for investors to review their position and forget about the big old stars? Not that I don’t like them, but they don’t deliver. Simple that time. Knowing at which salaries I am working – very crashy middle class – I gave myself the right to say what I like and what I don’t like. I could continue all day long and this could be my longer post ever. Anyhow, right now, I really like the fact that my portfolio had increase to more than 1 000$. I hope the day will end like this, so I calculate my overall value this weekend.

The situation with Creststreet Alternative Energy Fund is really pathetic. Do a search in the Google search engine for Creststreet Alternative Energy Fund. And you’ll see what I mean. My First 50 000$ appear on the first page of the results. This means that not too many things are being said about the super gorgeous Creststreet Alternative Energy Fund. In this case, it’s because of jealously and also maybe because of the sector. But come on, you have money, you want to invest, why would you do like everyone else? Creststreet Alternative Energy Fund is the investment to be in. I might only have invested 1 000$ in the Creststreet Alternative Energy Fund, but if I could, I would have invested more, just that I have that dividend goal in mind and mutual funds = no dividend… But I consider investing another 1 000$ in the Creststreet Alternative Energy Fund in a close future.

Creststreet Alternative Energy Fund rock, no one can deny it.

As for Sprott Inc. (SII), their hedge fund had done well, but couldn’t they have forgotten to manage the Sprott Canadian Equity? I think so. Sprott team had forgotten to manage the Sprott Candian Equity. It’s not only a matter of management, it’s a matter of intelligence. And at Creststreet, they seem to be intelligent, Steve Martin finally appear in their Management Team. You can take a look at his pic right here.

And to continue with Sprott, an article written by Andrew Willis had been published on the Globe Web site, title “Eric Sprott lifts Canadian hedge funds”. Maybe Eric Sprott is good with his hedge fund, but I am telling you, during that time, Eric Sprott had forgotten his Sprott Candian Equity! It’s the only rational explanation I have for me loosing about 3 000$ in the Sprott Canadian Equity Fund.

It doesn’t matter how well Eric Sprott manage his hedge fund, I do not have 150 000$ to invest and I simply do not care about Sprott hedge fund. It’s simply disgusting.

Just Energy Income Fund (JE.UN) announced a special dividend

On date of yesterday, the value of my stocks and units investment portfolio was of 34 969$, which represent an increase of 1071$ compare to December 5th (33 898$). I am writing right now because yesterday was a special day. It was the first time ever I was doing 12pm to 6 pm at the job which use to be my evening job and.. it was also the first time ever I was working at my regular shift at my new job. My shift there is after 6 until 2AM…. But surprise, this morning I wake up at 9:30AM… lol…. So you can imagine how I am right now, just in need of a double-double….

I had received 52.52$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Which gave me 3 new units. Very exciting! But what’s the most exciting is this: Just Energy Income Fund (JE.UN) had announced a special dividend! YEAHH!

Just Energy Income Fund (JE.UN) had decided to treat their unitholders right on time for the upcoming year 2010. The special dividend will be payable on January 31, 2010. On that month, we will also receive the regular dividend. That’s making some enjoyable extra cash and when considering the DRIP, well, hellooo extra free units! MONEY FOR NOTHING lol. That’s what my conception of Money for Nothing. Of course, you understand that I am referring to Derek Foster book, the one I never understood, Money for Nothing… I cannot understand Money for Nothing book, but what I do understand, however, is that special dividend are hot and sweet.

And Just Energy Income Fund (JE.UN) had understood that also. The estimate amount that will be delivering in the special dividend will be an amount of 0.1333 per share. You have until December 31 to purchase those too hot units in order to receive their special dividend…

Thank you Rebecca!

Hello extra cash

Hot news! Believe it or not, my stocks and units investment portfolio had gain 715.73$ on today only! I don’t even make this from one job in a week! And this is happening right here right now on My First 50 000$! So you can forget about what the other guys are doing...

I really need a good news like this one right now! This is just soooo great! My PIF.UN is now at 17.10$ per unit! I originally purchase some PIF.UN when the price was of 12$ per unit… Watching my investment growing by doing just nothing at all is fantastic! It’s very good news because I truly need to catch up – remember I lost 7 000$ in total with bad investments? Those were Timminco (TIM), Sprott Inc. (SII) and Sprott Candian Equity. Not that those were bad investments on themselves, but it’s just I purchase those at the time were I shouldn’t, when they were overvalued… Just to give you a portrait on how much I am addictive to the stock markets, so far, I had invested a total of 46 782.90$ and that 46 782.90$ currently worth 39 532.50$.

46 782.90$ - 39 532.50$ = 7 250.40$ in money lost. I am deeply in the red here. Got the picture?

After loosing 7 250.40$, shouldn’t I get enough of all of that financial crap? NO, I didn’t get enough yet lol… One of the reason why is because I believe that in the upcoming months, I will be able to build a stronger portfolio. 2009 was the year of experimentation and learning. And also, talking dividend earnings, I am currently almost at 3 000$... So:

7 250.40$ - 3 000$ = 4 250.40$

This is basically what keep me wanted to continue because overall, my loses are only of 4 250.40$. Let’s say this was a good way of learning. And I learn the hardest way ever: by loosing some of my own precious money. But even there, over time, I believe my current investment will gain value enough and that -4 250.40$ won’t even appear over time.. Maybe in a year or 2… But only if I don’t make more investment mistakes…

About Yellow Pages Income Fund (YLO.UN) dividend

Today, I had received my Yellow Pages Income Fund (YLO.UN). I had received a cutty 27.68$ in dividend and I earn 5 new units by the magic of the DRIP.

This is my last evening off

So as you can see, I am enjoying my last evening jobs. I get through the integration session without too much trouble. But the job is still very difficult as I received comments like: how come it’s taking so long, usually, this is being taking are in a matter of a few seconds and so on… lol… Relax and stay cool… I am the one handling your call… It is sooooo hilarious… I actually had a call and the customer was like: Are you new? lol… And that’s when I answer: I will do the best to help you or something like it… Isn’t funny?

Anyway, no matter what happen, I am still in and I am integrating my regular shift tomorrow… Cash is going to be extra awesome! And more cash = more stocks…

And talking about more stocks, I didn’t purchase any Corby Distilleries (CDL.A) stocks yet… And I truly regret it! At the time I write about Corby Distilleries (CDL.A), the price was of 14.95$. If I would had only purchase my stocks during that time, I would had made an easy profit of 26$, as the value of Corby Distilleries (CDL.A) is currently of 15.20$... I had been lazy lately and my laziness is costing me money!