How can a margin account at TD Waterhouse can help simplify your budget?

My non registered portfolio is currently at 73 049.09$, which represent a nice increase of somewhere close to 2 000$ compare to my latest update on date of December 2nd. My online broker account in Canadian dollars is now registered under margin. The transformation is now completed.

Dividend from Just Energy Income Fund (JE.UN)

I had received 80.21$ in dividend from Just Energy Income Fund (JE.UN). I had received this dividend payment in my cash account, so I had to call to place the transfer. Having a margin mess up my broker account, but once you get it, its pretty easy to find your way.

Budgeting made easy using margin money to pay off debt at a higher interest rate

I own several credit products that I use for leverage. This meaning that I use money available on credit lines and credit card balance transfer to invest. So far, I had been successful doing so. But one problem being the interest rate paid on the money borrowed.

Here are my debt:

9 671.43$ at 4.75% (RRSP credit line) = 459.39$ in annual interest.
Minimum monthly payment required: 108$

4 900$ at 4% (credit line) = 196$ in annual interest.
Minimum monthly payment required: 100$

7 957.05$ at 4.9% ending in April 2011 = 389.90$ in annual interest
Minimum monthly payment required: 44$

4 911$ at 8.75% (credit line) = 429.71$ in annual interest
Minimum monthly payment required: 150$

7 943.01$ at 5.50% (student loan) = 436.87$ in annual interest
Minimum monthly payment required: 98$

10 000$ at 7.27% (credit line) = 727$ in annual interest
Minimum monthly payment required: 60.58$

TOTAL in debt: 45 382.49$
TOTAL in annual interest: 2 638.87$
TOTAL in minimum payment required: 560.58$

Currently at TD Waterhouse, unless you own a President account, the interest rate on margin is of 4.5%. The latest product I had apply for is a credit line of 10 000$ at RBC Royal Bank. Luckily, I only have the interest to pay as a monthly payment. As you can see, the interest rate of my credit product is relatively reasonable. My 10 000$ credit line at RBC Royal Bank is a bit high (7.27%). But my 5 000$ credit line own at TD Canada Trust is quite at a high interest rate. We are talking here of an interest rate of more than 8%, for an amount of 429.71$ in annual interest! That's way too much! Currently, that credit line is at 4 833.88$, almost full. So here's what I am planning to do: withdraw the 166.12$ to pay on my BMO Bank of Montreal credit line (where I need to pay 100$, and keep the remaining 66.12$ for Boxing Day shopping. And what's going to happen next? Well, I am going to transfer 5 000$ from my margin to entirely pay my credit line!

So forget about the Louis Vuitton purse, because there won't be any Louis Vuitton purse anytime soon, despite that 43 653.66$ that I have available on my margin account. Having a 43 653.66$ available in my margin account mean that I currently have 43 653.66$ to do whatever I want - or almost. Currently, the plan is to use some of the margin money to pay off some of my debt that are at higher interest rate.

I spoke to many TD Waterhouse representatives about margin and once advice that I had been provided was not to use more than 30% of the money available on my margin in other to avoid any catastrophic margin call. I knew from the start that I shouldn't use all the margin money available, even if its to pay off debt. In case of a margin call, I just transfer the money from my credit line to the margin account. And voilà. That's pretty easy right? Yeah but still, I think I will stick to the 30% for now. Before, I didn't come with a straight % of the margin that I should used. But just to be in good standard, I decided to stick to the 30% usage of my margin account because it make good common sense. My 30% limit on a 43 653.66$ margin account money is giving me the amount of 13 097$. So I do I plan to use that 13 097$? Here are the projects:

Purchase of 200 units of Horizons Gold Yield Fund (HGY.UN)

Amount: 2 000$

Yeah, I know. I know that previously before, I wrote that I wasn't going to use margin money to invest, but this is the only exception because this is about gold and dividend. Horizons Gold Yield Fund (HGY.UN) plan to provide a 6.5% dividend yield (for a monthly dividend earning of 10.83$).

Pay off my 5 000$ credit line at TD Canada Trust at 8.75%

Amount: 5 000$

That's sit, bye bye high interest rate!!!

And I am not even done yet. I have left 6 097$...

Pay 6 097$ on my 10 000$ credit line at 7.27%

That's pretty good stuff isn't? Well, its not over yet. Those little changes will bring a great improvement on my budget. Let's check on the before and the after:

My budget BEFORE margin use:

Internet: 51$
Rent: 555$
RRSP credit line: 108$
Credit line: 100$
Credit card balance transfer: 44$
Credit line: 150$
Student loan: 98$
Credit line: 60.58$
Usual banking fees: 5.15$

TOTAL: 1 171.73$

My budget AFTER margin use:

Internet: 51$
Rent: 555$
RRSP credit line: 108$
Credit line: 100$
Credit card balance transfer: 44$
Student loan: 98$
Credit line: 23.65$
Usual banking fees: 5.15$
Payment of the 4.5% interest rate on the amount of 13 097$: 49.12$

TOTAL: 1 033.91$


And if we continue the calculation, 1 033.91$ + 250$ (groceries and other) = 1 283.91$

Every month, I transfer 100$ of my credit line at 4% over to pay my credit card...

1 283.91$ - 100$ = 1 183.91$

While using 30% of my margin account, I can easily make a comfortable living under 1 200$. All extra money can go straight on investment.

At the end of what, I am going to end this the same way Maryse Ouellet: BE SEXY. But to this, I will add my own personal touch: BE MARGIN SEXY. But do not more than 30% of your margin, and you'll be even sexier...

Margin broker account of TD Waterhouse and Louis Vuitton purses

My margin account is now open at TD Waterhouse!

Ok, this is what I had been talking over and over again. It created a real mess in my broker account but now it’s there: my margin account. My non registered Canadian account had a portfolio value of 72 232.12$. My margin value is at 43 653.66$, which represent a 60% value of my non registered portfolio. Which mean that I have 43 653.66$ available to do whatever I want: purchase designer clothes, I am finally going to get that Louis Vuitton purse I wanted for so long, I am going to fly my way to New York for the New Year Eve. All of the stuff I always wanted to do, I am going to do them all using my margin money.

Nanana. This is a joke of course. I never dream of wearing designer clothes, I don’t especially like Louis Vuitton bag and when it come to New Year Eve, Montreal is as good as New York. When it comes to living, I am happy the way I am. What I really want to do however is use that margin money to pay off my 8.75% credit line of 5 000$ that I hold with TD Canada Trust. Also, I really want to invest in the Horizons Gold Yield Fund (HGY.UN), which is currently under public offering. This will be a transaction value of 2 000$. I just hope it’s not too late to get involved in the public offering of Horizons Gold Yield Fund (HGY.UN). I was told I have until December 17. Anyhow, I couldn’t make it any faster so if it have to happen it will and if not, well, it will be a bye-bye Horizons Gold Yield Fund (HGY.UN).

I had been busy and my only regret is not having taken it off today. My place is in real need of an in deep clean and I have laundry that need to be made. Anyone want to volunteer? I wasn’t working at my weekend job today, so I had that bright idea to go do some extra hours at my daytime job since I had been cut a couple of hours on Wednesday. I wake up quite late, went there later on in the afternoon and did a close 8 hours shift. At the end of the shift, I realize I had lost my locker keys... I look for them everywhere, finally find them (thank you GOD)... Because gees, if I wouldn’t find my keys, my laptop would had stayed in my locker! But it didn’t happen.

I will be careful with my margin and at this time, I just plan to use 16% of the margin money available. This 7 000$ loan on my margin account is pretty reasonable and this will be how it will be until the end of December. Other than that Horizons Gold Yield Fund (HGY.UN) investment, I don’t plan to do any more investment for 2010.  

Overall, 2010 had been a good year for my investments. As for the rest, that’s another story.

Fortis (FTS) dividend payment for December 2010

I had received Fortis (FTS) dividend just.. now! I had received 29.96$ in dividend income. After being send home early today at home, its feel good to have a little extra coming from heaven. I knew I was going to received something from Fortis (FTS) this month, but I didn’t know exactly when. Fortis is one of those good Canadian dividend paying stocks. I don’t know exactly when I will be able to buy stocks online anytime soon, but while remaining uncertain, I will certainly enjoy my latest dividend payment.

While I have to leave work earlier because of a lack of work, I wrote articles for HubPages, which was very fun. Do you know Maryse Ouellet? She’s a professional wrestler, born in Montreal. When I was younger, my dad use to listen to wrestling show and I never understood too well what wrestling was all about. And to tell the true, I don’t know any better now. I always find wrestling very entertaining anyhow. But at the same time, I find it very act. So when I read that Maryse Ouellet suffers of many injuries (broken nose, knees problem etc) in her wrestling career, I ask myself: are wrestlers really fighting or those injuries happen by accidents? I think that’s part of the wrestling myth. Well it is for me. 

I hope to be able to make a few pennies with my online article. I would like to reach the 100 HubPages by the end of the year. If they continue to cut my hours at work, I certainly be able to reach the 100... Better laugh about it, right. If you like to support my work, please visit my HubPages section, right here.

Natalie McLennan received a light sentence from the Supreme Court in Manhattan

Today, I got my hours cut at work as I was told I have to finish my shift earlier. This is the second time in 3 years of work it’s happening to me. I am not really use to this. When I wake up this morning, I told myself that if it was cold outside, I was going to purchase a metro pass for the month of December. I didn’t purchase a metro pass since last May, this making a difference for me as it make be doing exercise and make me save 70$ per month in my everyday budget. So I prepare myself to go to work and, when outside, the weather was not cold at all. Well, not as cold as it can be in winter. So I didn’t purchase my metro pass today and I am very glad I didn’t purchase it. Why? Well with those hours of work being cut, I prefer to walk rather than spending 70$ on a metro pass that I cannot even afford. Well, that’s quick talking because I could purchase it without any hurt, because I am so happy I didn’t purchase a metro pass this morning! 

This was a sad day for me and 14 other of my colleagues, but it was a harder one for Natalie McLennan. Today, Natalie McLennan, a Montreal native, appears to the Supreme Court in Manhattan related to her 2005 aerostation. According to the New York Times, Natalie McLennan had pleaded guilty of attempted money laundering in the fourth degree and sentenced to time served. This confused me at first because Natalie McLennan had previously appeared to court and had spent time in prison. That was before the publication of her book. 

Back at the time, Natalie McLennan had to spend 30 days in prison and had to pay a 25 000$ bail. From my understanding, Natalie McLennan had been sentence today to spend 20 days in jail. Like if what she went through wasn’t enough already. But this makes the end of the saga and we should wish her well. She was smiling and wasn’t wearing any makeup, while leaving court. I think Natalie McLennan will be just fine. She’s the writer of a book where she shared her experience, very well writing (nothing like this blog lol!) and captivating. Thinking about escorting? Read Natalie McLennan book first. It should change your mind.

Opening a margin account with TD Waterhouse

Done and completed, despite the heavy snow! I took some pictures this morning. It was something to see. I should hear about my Horizons gold investment today. I should get the margin account in my broker account in about 5 business days. It went well, pretty quick as it was simply just a form that need to be fill. As for the margin use, I will start with a 2 000$ for investment and I will pay off my TD Canada Trust credit line, the one I hold at more than 8%. I will start with 7 000$ just to see how it goes and after, I will use the money to pay my 10 000$ credit line at 7% and so on. But that will be all. With an interest rate of 4.75%, my margin will help me to decrease the amount of interest paid on my debt. Since those debts are money invested and not purchase type debt, I consider my margin used to be good for my type of situation.

Eric Sprott next big thing: Sprott Physical Silver Trust UTS (PHS.U)

Eric Sprott is a genius and genius you are if you had follow my move of early November 2010 in the Sprott Physical Silver Trust UTS (PHS.U)! Yep, silver is the next big thing, and I was good enough to follow Eric Sprott drive.

And here am I: at a point of the day, if I would have sold my investment in the Sprott Physical Silver Trust UTS (PHS.U), I would have made close to 500$ in profit! Do I make 500$ in one day of work? NO. Of course not. But when investing on the stock market, the possibilities are endless, especially if you are bright enough to follow Eric Sprott footsteps. And trust me, I am following Eric Sprott and Sprott Inc. (SII) very closely.I don’t plan to sell my Sprott Physical Silver Trust UTS (PHS.U) units anytime soon. So get ready for awesome profit. And I need those awesome profits. Remember our investment in Timminco (TIM) that makes me loose more than 4 000$? Timminco (TIM) used to be Eric Sprott and Jean-François Tardif little favourite. But it’s not more, I guess. I am slowly recovering from my lost in Timminco and very soon, all sign of money lost will disappear. You can trust me on that one!

Personally, I do not have anything against Timminco (TIM). When reading about Timminco (TIM), I find the company very great. I think Timminco (TIM) got really hurt by the financial crisis that we are still living in. I could say the same thing about Hanwei Energy Services (HE). I still have faith in Timminco (TIM), but if you ask me to choose between Timminco (TIM) or Hanwei Energy Services (HE), I pick Hanwei Energy Services (HE).

Things will only get better for Hanwei Energy Services (HE). I trully belive in this company that I had been holding since... (?) a little while now. Today only, Hanwei Energy Services (HE) had gain more than 5%!!! Go Hanwei Energy Services (HE) go! There’s still a long way to go before Hanwei Energy Services reach its old 2$ per stock, but I am confident that – one day – lol... – we will be back there. Until that time, I am sticking to Hanwei Energy Services (HE)!

Once reading Rob Carrick of the Globe and Mail, one of his article made be believe that the guy doesn’t have a clue of what he is talking about when he write about investments and the stock market. In one of his article, he said something like you shouldn’t be ashamed of being a stick and hold investor... like what??? Buying and selling-buying and selling-buying and selling again is something for the big players who want to ruin the TSX! But at the end, it doesn’t mean that they make that much money fooling around with the stock market. Stick and hold is the way to go for small investors. Stick and hold investor type are among the most powerful and reliable investors. It’s not only a question of money; it’s a question of holding what you believe in. There’s no shame to have in being that type of investors. I am a stick and hold investor and today, my investment portfolio reach 72 422.27$. That’s an increase of 967.15$ compare to December 2, our latest investment portfolio update... Now, try to find someone on the Web who beat me.... lol...

A stick and hold strategy represent as much work as a buy and sell one as it require investors to closely follow the investments they hold. During the day while working – thank to my newest iPod, I can easily follow the market and quickly give a look at my holding to verify is everything is ok. I check the market a couple of times during the day. But usually, with the type of holding I have, everything fine, especially when it come to the investment of 2010.

Rob Carrick and other pals (we could add BMO Bank of Montreal (BMO) to the list of course because they really don't have it at all) can seem to be very knowledgeable because they publish and are publicly out there but don’t let anyone fool you, not even Eric Sprott.

Eric Sprott makes me loose thousands of dollars with his Timminco (TIM). I don’t blame him directly, but he was one of the biggest investor stars publicly supporting Timminco. I made the decision to invest in Timminco because I wanted to make money and in return, I got burn. So when Eric Sprott says that he mostly has gold and silver in his portfolio, I reserved myself to doubt about a gold and silver only portfolio. Investing in gold and silver is good, but gold and silver, like the rest, represent some investment risk.

You shouldn’t never forget that all investments you made are subject to risk, no matter how good they can seem. Gold and silver are stuff – among other – that I am willing to add to my portfolio, but just among other.

Anyhow, less seriously, if you are living in Montreal, winter is now in, we have that beautiful snow and I am still without a metro pass. It’s going to be fun going home in all that snow. Now that winter had kicked in, EnCana Corporation (ECA) that I hold in my online broker day trading finally starts to gain value. I would like a 35$ per stock. But no matter what happen, stick to EnCana Corporation it could go back to the old 60$ per stock.

Tomorrow, I am getting margin ready. Cha-cha-cha.

I had an appointment at 8am at TD Waterhouse to open my margin account. I just hope for a straight forward appointment and I hope the TD Waterhouse representative will do the job properly without comments or being pejorative. It’s not always easy to deal with Quebec people. You know, those Quebeckers. But of course, I will get back to you with all the details!

And talking about Quebeckers, I thing that Jean Charest is a perfect representative for Quebec population: a human liar, just as the Quebec population itself. So it make me laugh hard when I listing to Amir Khadir speech, asking Jean Charest to resign. Why Jean Charest should gave up his position of Quebec leader when he’s doing the job so well! When I read that a popular TV French show Tout le monde en parle, Jean Charest said that he believe he’s going a great job and is willing to complete his term as a Prime Minister, I taught: Quebeckers had what they deserved. And it’s not even yet, as Quebec provincial tax is going to increase of 1%... Quebec province is so well manage that its leaders had to increase the provincial tax to make thing happen. That’s Quebec leadership at its best. And Jean Charest is a good Prime Minister for Quebec province. He’s the best of all! Amir Khadir has to stop talking.

And what about Horizons Gold Yield Fund (HGY.UN)?

December 17, 2010. That’s the date you need to remember. December 17, 2010 seem to be the deadline for the public offering for Horizons Gold Yield Fund (HGY.UN). And of course, I am getting into it! As I wrote previously, the minimum investment required is 1 000$. Once the margin account will be open, I expect to use 2 000$ of it to invest in the Horizons Gold Yield Fund (HGY.UN). But I will get more details about this investment tomorrow as well. Those were for the general news.

I am now at 119 091.10$

This week is finally over. I work this weekend, but it could me my last weekend until mid-January. I am not very upset of being out of weekend work: you should see me, I look horrible. I am mentally and physically exhausted and I am missing my free time. Anyhow, I will be taking a break from that horrible lifestyle for the upcoming week. The everyday routine is so terribly exhausting, so usual, so BORING lol... But I am ready to stick to it because all of that money of mine is getting me rich and richer. Don’t you ever believe that I am earnings thousands and thousands of dollars every month; that’s not true. I had been working at 2 and sometime even 3 jobs to make this happen...

Thinking about buying US dollars with TD Waterhouse?

Nothing is easy but it definitively worth it, especially now that Derek Foster had published his newest book and his latest email newsletter... Seem like Derek Foster had a particular interest for our US friends. And yes, this is a terrific time for investors, especially if you are into currency investment! If, like me, you are with the Canadian online broker TD Waterhouse (which is the best online trading broker by the way), go open your online stock trading account now. Check under your “Balance” information, right at the bottom. You’ll see “USD Conversion rate” and next to it, you’ll find the following online currency exchange rate: 1.006. And this online currency exchange is HUGE.

What you had seen is right; we are almost at 1, which mean that parity US-Canadian dollars is almost here. Want to get a taste of what parity mean? Well, let say I have 600$ in Canadian currency that I want to invest in the US stock market. First, I will need to converse my Canadian dollars in US ones. Want to know how much 600$ Canadian dollars worth in US dollars? Simple, proceed that way: the amount in Canadian dollars/rate: 600$/1.006 = 596.42$ US! If you have money to invest, this is the perfect time to get your Canadian dollars converse into US ones. One of the best times ever. Great news isn’t? The only problem being to get cash now. This meaning that getting fresh cash at this time is definitively a problem for me.

Yeahh, I am now at 119 091.10$

Yesterday evening, I took time to update my stock investment portfolio. That thing of mine is now such of a monster! So diversify and sooooo long....... I calculate all of this manually. I could possibly do all of those calculations on a special sheet but part of the fun of updating my online investment portfolio and when it come informatics tool, I far from being the best. Anyhow, I put in all the money I currently have in my online savings store in my banks savings account etc and all together, it make the magical amount of 119 091.10$.

My non registered stock investment portfolio had done even better today, for a closing at 71 795.22$. That’s a profit of 340.10$ compare to yesterday. Those profits are partly coming from my silver trading in the Sprott Physical Silver Trust UTS (PHS.U) from Sprott Asset Management, which had close today session at a very awesome 12.30$. There’s not many units left of the Sprott Physical Silver Trust UTS (PHS.U), only 156 857, apparently. But before today session, it was even less, something around 50 000 if I remember. So I guess some investors might have cash in their profits. Good, but hold on because the way things are going, the Sprott Physical Silver Trust UTS (PHS.U) could reach soon the 15$ per unit. I can easily imagine that. I plan to stick and hold to the Sprott Physical Silver Trust for a very long time and I plan to sell only in case of need but even there, in case I need cash, I will sell my Bank of Nova Scotia (BNS) stocks first. Reason why? I don’t care about Bank of Nova Scotia since they had refused my RRSP loan last March. The only reason why I am not selling my BNS stock is because of the capital gain I will have to declare. Remember that I purchase 100 stocks of BNS when they were only at 44$ I could had done a better deal purchasing them at 27$ after the stock crash but I taught at that time – in 2008 – that purchasing Canadian bank stocks of Scotia Bank at 44$ was a pretty smart move. It was, but the move could have been better. This is just a proof that I am not a psychic. I am not able to read the future, but what I can say is that I am going to soon be holding some units of the public offering of the Horizons Gold Yield Fund (HGY.UN).

Looking forward to invest in the Horizons Gold Yield Fund (HGY.UN)

In a hurry, I call my TD Waterhouse online broker today, asking them how to invest in the Horizons Gold Yield Fund (HGY.UN). Gold just like silver, according to Eric Sprott, is the next best thing and there’s no way I am not going to invest in the Horizons Gold Yield Fund (HGY.UN).

When doing some search over the Internet about the public offering of Horizons Gold Yield Fund (HGY.UN), you may read at some places that the public offering of Horizons Gold Yield Fund (HGY.UN) is only being offered with Scotia iTrade of Scotia Bank among other. Actually, here’s a complete list: BMO Capital Markets, CIBC and National Bank Financial Inc., and includes RBC Capital Markets, Scotia Capital Inc., Canaccord Genuity Corporation, HSBC Securities (Canada) Inc., GMP Securities LP, Raymond James Ltd., Dundee Securities Corporation, Mackie Research Capital Corporation, Macquarie Private Wealth Inc., MGI Securities Inc., Rothenberg Capital Management Inc. and Wellington West Capital Markets Inc. Seem like someone had forgot to include TD Waterhouse, one of the best discount commodity brokers, in the list right. Well, we all make mistake...

But don’t ever worry; I have of good news for you! You can be part of the Horizons Gold Yield Fund (HGY.UN) offering if you have a minimum of 1 000$ to invest. But hurry up, because you have until December 17 to make your move (and find the cash... lol...). I would had been interesting at investing 400$ only. But I learn that the minimum was 1 000$... So what am I going to do now. Will I have to say good-bye to my first public offering?

NO. OF COURSE NOT.

Getting ready to open my first margin account

Hello margin! I wonder why I had wait so long before opening a margin account. I was pretty dumb because if I would have opened my margin before, I would have the margin account at a super low interest rate of 3.5%. Was it the exhaustion? The laziness? My only excuse, and it’s an easy one, was the lack of time. But my inaction had cost me a 1% in interest rate. Currently, TD Waterhouse margin account is set up at 4.75%. Still interesting for me knowing that I have a 5 000$ credit line with TD Canada Trust at 8.75% and a 10 000$ credit line with one of their competitor at something like 7.27%. So imagine the possibilities, all the money save in interest! The best of course, would be to be debt free, but I doubt this will ever happen, for many factors. But holding debt at less than 5% is something extremely interesting.

But nothing done yet, I still need to be approved but hey, did TD Waterhouse and/or TD Canada Trust ever refused something to me? The answer, for the fast majority is NO. And I could push it harder by saying that at some point, I am the TD QUEEN. Lol... Pretty hilarious isn’t...

There’s no way I will be able to find 1 000$ in fresh new cash to invest in the Horizons Gold Yield Fund (HGY.UN). My only solution is to use money coming from a margin... I would like to invest 2 000$ in the Horizons Gold Yield Fund (HGY.UN) using margin money and the rest available would be use to pay all the debt (at the exemption of my student loan) that I hold at an interest rate of higher than 4.75%. I am not even afraid to use all of the margin money available to pay off debt, but the vast majority of it will be use to pay off debt. Money need to be available in case the stock market crash again (and according to Eric Sprott, it could happen again), so better be ready. The Horizons Gold Yield Fund (HGY.UN) would be the only investment made using margin.

What I learn today about margin call

I ask the question to a stock broker of TD Waterhouse online broker day trading today: what if something happen and I get a margin call, what happen? Well, first you get a call from the credit department and after what; you have 3 days to pay off the margin. After 3 days, the credit department reserve the right to sell a portion of your portfolio to cover the margin. But this being only after 3 days. So basically, if you use margin to pay off debt only, your margin account use will be pretty safe. And especially more if, like me, you take a look at your online stock trading account every day, you won`t have to deal with any bad surprises. No one will come and sell your online investment portfolio on your behalf. That’s very interesting.

One of the reasons why I am getting so passionate about the Horizons Gold Yield Fund (HGY.UN) is that no matter what, TD Waterhouse can do whatever it takes to jump into the investment and also, acquiring units of Horizons Gold Yield Fund (HGY.UN) through this public offering is commission free trading! Which mean there’s no fee related to the acquisition of Horizons Gold Yield Fund (HGY.UN).

On top of that, you are sure of acquiring some Horizons Gold Yield Fund (HGY.UN) units before everyone else, which is pretty cool. And don’t forget the flat price of 10$ per unit. That’s very interesting too and knowing we are talking here about gold investment, you get a great deal for your money and you’re getting ready for very good profit. This is not, of course 100% sure, but takes a look at how much worth gold right now, if it’s what it needs to satisfy your concerns. Because me, I don’t have any concerns or doubts when it come to the Horizons Gold Yield Fund (HGY.UN). And it’s the same thing when it comes to the Sprott Canadian Equity Fund.

My investment in the Sprott Canadian Equity Fund close at 7 428.01$. A profit of 428.01$ within a couple of days. Try to find something better on the mutual funds market right now – you won’t find anything better. And forget about BMO Bank of Montreal mutual funds when it comes to aggressive growth mutual funds as well as BMO Bank of Montreal ETFs: they don’t worth half of Sprott Asset Management investment products.

My stock investment portfolio on date of December 2, 2010

Savings:
1 967.50$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 3 600.10$
Timminco (TIM): 68$
Blue Note Mining (BNT): 60$
Bank of Nova Scotia (BNS): 5 774.79$
Hanwei Energy Services (HE): 87$
Methanex Corporation (MX): 3 166.22$
Fortis (FTS): 3 527.79$
Pembina Pipeline Corporation (PPL):
9 009$
Just Energy Income Fund (JE.UN): 10 979.57$
Yellow Media Inc. (YLO): 2 890.50$
Bell Aliant Regional Communications Income Fund
(BA.UN): 5 358.66$
Pengrowth Energy Trust (PGF.UN): 2 800.52$
Enbridge Income Fund (ENF.UN): 5 155.04$
Corby Distilleries Limited (CDL.A): 3 276.30$
Davis + Henderson Income Fund (DHF.UN):
3 979.80$
Premium Brands Holdings Corporation (PBH):
2 856$
EnCana Corporation (ECA): 5 718.45$
Sprott Physical Silver Trust UTS (PHS.U): 2 420$
iShares S&P/TSX Capped REIT Index (XRE):
727.38$
Cash: 0.28$

TOTAL: 71 455.12$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 916.28$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 764.10$
Dumont Nickel Inc. (DNI): 301.88$
Cash: 3.27$

TOTAL: 5 985.53$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 336.18$
Claymore Gold Bullion ETF (CGL): 4 214.86$
EnCana Corporation (ECA): 2 845$
Emera Incorporated (EMA): 6 701.18$
Cash: 66.99$

CIBC Dividend Growth Fund: 547.78$
CIBC Emerging Markets Index Fund: 447.36$
CIBC Monthly Income Fund: 1 038.48$

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

GIC National Bank: 1 147.42$
GIC Plus: 500$

TD Canadian Bond: 115.67$
TD Monthly Income: 108.93$
TD Emerging Markets: 90.62$
TD Energy: 90.69$
TD Precious Metals: 147.51$
TD Latin American Growth: 105.44$
TD Entertainment and Communications: 120.29$
TD Dividend Growth: 206.59$
TD U.S. Mid-Cap Growth: 113.04$

Maritime Life International Equity Fund
(Templeton): 641.91$
Manulife Simplicity Growth Portfolio: 905.09$
Maritime Life CI Harbour Seg Fund: 1 063.50$
Maritime Life Fidelity True North Seg Fund:
1 038.27$
Maritime Life Trimark Europlus Seg Fund: 644.05$

Great-West – various: 1 751.69$

RBC Canadian Dividend Fund: 541.70$
RBC U.S. Mid-Cap Equity Fund C$: 1971.90$
RBC Global Resources Fund: 1 143.95$
RBC O’Shaughnessy International Equity Fund: 643.88$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 194.25$

GIC Canadian Market: 1 000$

TOTAL: 39 489.74$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(153.21$):
119 091.10$

Fabulous profit for the Sprott Canadian Equity Fund of Sprott Asset Management

Very good day for online stock market investing! I am close to the 95 000$ alone in my online broker day trading! My non registered stock investment portfolio is now at 71 343$ alone! Those are very great news. I just came to work. I would very like to publish an update of my online investment portfolio but I am just very exhausted at this time. I am looking forward to do extra hours at work and it’s requested all of my patience, but I am keep my mind set up on my next investment and it help me going. I don’t know for sure what my next investment will be like.

I didn’t find out about Horizons Gold Trust yet as I had been quite busy. But great news, my Sprott Canadian Equity Fund from Sprott Asset Management is now from my retirement savings. My investment had jump from a 7 040$ to 7 323.23$ in just one day. I had been so terribly lucky because if I would have waited to do the transfer, I would have needed to pay taxes on capital gains on a 283$ profit... Lucky girl... The timing was just so perfect. As an online commodity broker, TD Waterhouse had been very good to me, transferring from the tax free saving account to Canadian non registered account and again from the Canadian non registered account to RRSP... Within 2 days... Way to go TD Waterhouse. Pushing it right to the top with my online broker day trading TD Waterhouse.

Eric Sprott talks about silver investment to the Globe and Mail readers

Have you ever dream of being able to copy Eric Sprott personal online stock trading account? Well, it’s now possible! In a recent interview giving to the Globe and Mail, Eric Sprott said a couple of shocking revelations to Shirley Won. First one being that Eric Sprott does not believe in the growth of the developed countries like China, for example and other less economically developed countries. I thing that’s a pretty awful thing to say but Eric Sprott is the man he is. Let’s all forget about even the hope of having a better place to live on Earth because hey, it’s not going to happen. Did you know? Anyhow, less tragically, Eric Sprott of the Sprott Asset Management talk about a vague possibility, gold futures prices could reach 5 000$ but he doesn’t know when. Ok... What else?

Well, you want to know what hold the genius Eric Sprott in his very own stock investment portfolio as you already know what I hold myself in mine lol...? Hear it in Eric Sprott very own words: “I only own funds and gold and silver. I am probably 90 per cent in precious metals personally. And I don’t lose sleep over it.”

Ok, maybe Eric Sprott sleeps well at night on gold and silver only online broker day trading portfolio but I personally couldn’t. But should we all be doing like Eric Sprott (knowing who’s the guy is), hold only exclusively gold and silver? Maybe Derek Foster was right after all; maybe selling his stock investment portfolio was the right thing do to (back in the time). Because don’t think that the economic situation is getting better out there (you really have to read the interview!!).

Investing is very personal. But knowing the opinion of Eric Sprott can certainly help at taking decisions. Don’t you think so? Just to have a more open perspective. After gold, Eric Sprott think that silver will be the next big thing. So be cash ready and invest in the Sprott Physical Silver Trust UTS (PHS.U).

Why the Sprott Physical Silver Trust UTS (PHS.U) for silver investment?

Well, earlier in November, I had invested in 200 units of the Sprott Physical Silver Trust UTS (PHS.U) at 10.73$ per unit. Since that time, the highest ever reach by the trust is 12.14$... and this happen today! During the day of November 30, the Sprott Physical Silver Trust UTS (PHS.U) had reached 12.14$ per unit. If I would had sold my units, I will have made a profit of more than 200$, and this being made within a few weeks! That's how to get rich - very extremely easily.

I had been following the Sprott Physical Silver Trust UTS (PHS.U) since its opening and I had been amazed by the power of the investment. It was my idea to invest more in the trust as next investment, but I decide to invest in the iShares S&P/TSX Capped REIT Index (XRE) instead.

For 2011, I have 12 000$ I can invest in my TFSA. Increasing the number of units I hold of the Sprott Physical Silver Trust UTS (PHS.U) could be a good way to BOOST (I really like that word) my profit. Nice project, but investing in the Sprott Physical Silver Trust UTS (PHS.U) won’t provide me any dividend and... I am the Dividend Girl... lol... Me without dividend is not me.

I also hold gold with my investment in the Claymore Gold Bullion ETF (CGL). Just like the Sprott Physical Silver Trust UTS (PHS.U), the Claymore Gold Bullion ETF (CGL) does not pay any dividend. So what’s going to happen now?

Well, surprise....... Horizons recently launch a new gold trust. And the investment will pay some dividend. The investment product is name the Horizons Gold Yield Fund (HGY.UN).

More about the Horizons Gold Yield Fund (HGY.UN) for gold investment

Looking for gold commodity? The Horizons Gold Yield Fund offers a direct exposure to gold investment. As for now, until mid-December 2010, the Horizons Gold Yield Fund (HGY.UN) is under the initial public offering of class A units. The Horizons Gold Yield Fund will provide a tax-efficient monthly distribution of $0.65 per annum to yield 6.5% on the issue price of $10.00.

I do not exactly what mean initial public offering exactly mean but what I do know for sure is that the Horizons Gold Yield Fund seems to be one of those great investments! So how can you invest in the Horizons Gold Yield Fund (HGY.UN)? It’s not listed on the TSX market yet, it’s not anywhere...

Dring dring... hello my online commodity broker TD Waterhouse can you please help me? As one of the cheapest online trading, someone out there from TD Waterhouse will be able to help me.

A good day for iShares S&P/TSX Capped REIT Index (XRE)

...for the simple and good reason that on today, for the first time ever, I had purchase my first iShares units! I decide to invest in the iShares S&P/TSX Capped REIT Index (XRE) for several reasons. Previously, I wrote that I wanted to BOOST my profit with this new investment but it’s not exactly the reason why I decide to invest in the iShares S&P/TSX Capped REIT Index (XRE).

One of the reason will be in reason of the little sum of money that I had available to invest at this time. I decide to invest not more than 750$. I have my rent and other expenses to pay that are coming soon (already December 1th tomorrow!!), but I really wanted to invest one last time for November 2010. I probably won’t have any money to invest for December, but that doesn’t really matter because I have a major project on the way for December! (We’ll talk about it a bit later).

With 750$, I wasn’t seeing myself investing in stocks. I like to invest by tranche of 100. And to tell the true, at this time, it’s seemed to me like I have enough of stocks. I wanted to invest in a financial product that would already be diversified in itself – but not a mutual fund. And an ETF appears to be a perfect fit for my investment needs of the time. On top of that, it will bring a little – but how much appreciate – dividend in the house (39.0096$ per year or, if you prefer 3.2508$ per month..)

When it come to investment, a part of me want the quick gains, but another part and that will be the most major one, is looking for gains, but also security. I guess a mix of holding between stocks, ETFs and mutual funds can bring some kind of a security. At this point, my investment portfolio could be seen as being very disorganized, a messy mess of holdings but at this point of the journey, the only thing that help me going and make me feel in peace and secure with my investment is having everything very very diversify. Maybe I am getting an overdose of diversification but as a small investor, I feel important to keep the way I always handle things. And I was quite happy to be able to add some iShares S&P/TSX Capped REIT Index (XRE) units in my portfolio. The most important I think is to do the way you feel it. When investing, you shouldn’t be looking exclusively to invest in top dividend payers, top mutual funds, and top performers only. You can if you want, but play on the secure side, mix, diversify and you won’t experiment major loses, but a slow and steady shade of grow. Derek Foster had been very great at showing me that.

Rain... but it should be snow

It’s raining this evening in Montreal and I forget my umbrella at home. I am carrying my mini laptop in my shoulder bag. I just did 7 hours today at work. I had done so many things today that those 7 working hours appear to be much more than just 7 hours. And if I would have been working my regular shift, I would only have work 5 hours because my regular shifts are only 6 hours, and a have a 30 minutes lunch pause... And you can trust me, I wouldn’t like to be schedule more hours because this part-time schedule provides me complete freedom. Anyhow, enough talking for nothing... let’s talk about my favourite topic: dividend!

Dividend dividend dividend!


Today, I had received 2 dividend payments:
David + Henderson Income Fund (DHF.UN): 30.66$
The Consumers’ Waterheater Income Fund (CWI.UN): 22.62$

I almost reach the 400$ in dividend earning for the month of November. Of course, when it comes to dividend, the more you earn, the better it is. First, from the DRIP. Make your dividend roll over and provide you extra stocks and units so when it comes to finally “stop working”, you will more than the minimum you need to live on.

So far, without including in the count the dividend earns inside the RRSP, I currently reach the equivalent of 4 918.63$ in yearly dividend earning (or the equivalent of 409$ per month if you prefer). For 2011, I would like to reach the 500$ per month in dividend income and ultimately, if I can move forward and search for a third job... hit the 600$ per month in dividend. Of course, in my case, the ultimate goal is to STOP WORKING to eventually blog ALL DAY LONG and do NOTHING AT ALL. Sound nice isn’t?

My 2010 RRSP contribution? DONE

Yep! Done and completed! I had been lucky, the transfer of my Sprott Canadian Equity Fund from the TFSA to the Canadian non registered had been done within a day thanks to my online broker TD Waterhouse. Today, I just have to call TD Waterhouse again and request the transfer from non registered to RRSP... I was very glade because I had a contribution of over 7 000$ to do for my RRSP. I took care of this before the end of 2010 and I am glad I did because I have other things to take care of... And here’s coming the most exciting part:

Upcoming project for December

I talk previously about this one many many times before, but I promise, it’s now coming: MARGIN! I plan to open a margin account despite warnings and concerns I received regarding margin. I hold more than 20 000$ of my debt with TD Canada Trust. The plan is the following: open a margin account with TD Waterhouse and use partly the margin money to pay off if not all, part of the debt I hold with TD Canada Trust... I won’t use the margin to invest, just to pay off debt that are currently at a high interest rate. An example? My 5 000$ TD credit line at an interest rate of 8.75% which is, currently, almost FULL. In other words, TD Canada Trust is not giving me other choice than to open a margin account with their associates, TD Waterhouse. I will give it a try and we’ll see what happen. That Dividend Lover is a genius (he’s the one who provide me the advice).

Welcome to iShares S&P/TSX Capped REIT Index (XRE), 54 units of XRE in my in my online future trading brokerage!

I just purchase 54 units of iShares S&P/TSX Capped REIT Index (XRE) at 13.50$ per unit. This will increase my dividend income of about 3$ per month... And talking dividend, I just received 30.66$ in dividend from David + Henderson Income Fund (DHF.UN) inside my online future trading brokerage.

My Sprott Canadian Equity Fund now from my non registered account

I guess that my post about transferring money from the TFSA to RRSP wasn’t clear enough. I will have to work on a more detail and maybe more clear post later on lol. As for now, my Sprott Canadian Equity Fund investment is already in my Canadian non registered account! Which mean that tomorrow morning, I will be calling again TD Waterhouse and proceed with the transfer of the Sprott Canadian Equity Fund into RRSP.

This is just the perfect transfer as my maximum contribution for 2010 RRSP is of just a bit more than 7 000$. Maybe I can just add to this that since the transfer from the TFSA into non registered Canadian account had been done so quickly by TD Waterhouse, I won’t have probably capital gain taxes to declare. In 2 days, the market won’t move too much.

Also, for my 2011 TFSA contribution, I will have a new 5 000$ to invest + the amount of the withdraw of the Sprott Canadian Equity Fund. Which make 12 000$. So basically, all new investment of 2011 could be made inside the TFSA.

I am getting ready for my tomorrow trade: 700$ or so that I want to invest into the iShares S&P/TSX Capped REIT Index (XRE). This will probably be my last trade of 2010.

What you need to know about TFSA to RRSP transfer type

Ok, so I call my online broker, TD Waterhouse this morning. The transfer from TFSA to RRSP is possible, but not exactly like it was plan. First, the investment I hold in the Sprott Canadian Equity Fund into the TFSA need to be transfer into the Canadian non registered before it can be transfer into RRSP. I am winning on this no matter what. But I will continue my explanation on this later on this evening. Chow.

First real winter snow this weekend in Montreal

Now that I have an iPod, it’s easier than ever to just snap a picture on the go. This Saturday, I wake up to go to work... and surprise, there was snow. It had snow in the early morning. I wasn’t expecting snow but it come. The weather wasn’t cold at all and if I wouldn’t be working, I would probably have spent the day outside. Here’s some pictures taking of the first official Montreal winter snow!

Incorporate ETFs into a Stop working strategy: a good or bad thing?

Playing with stocks is fun, but when it come to investing, you're better to find different ways to diversify your investment portfolio. That's my point of view. But did you know, there are many ETFs out there that are paying a generous dividend yield. The top ETFs players seem to be located in the US.

The top US ETF dividend payer: the iShares FTSA NAREIT Mortgage Plus Capped Idx FD (REM)

Among other, we find the iShares FTSA NAREIT Mortgage Plus Capped Idx FD, NYSE, ticket symbol: REM. The iShares FTSA NAREIT Mortgage Plus Capped Idx FD has a management fee of only 0.48%. The dividend yield is at 10.41%, which represent at this time 1.56$ per unit. The iShares FTSA NAREIT Mortgage Plus Capped Idx FD has a 4 stars (on 5) ranking at Morningstar. The units had closed this last Friday below 15$. Interesting, but this one is in US dollars.

Currently, I have a 600$ left in pennies lol that I am looking forward to invest before the end of November. And for this upcoming investment, I want to invest into something new. 600$ is not that much money. I cannot really afford an exchange of currencies. changing my 600$ Canadian dollars into US dollars would make me loose between 60$ and 80$. It doesn't really worth it.

The top Canadian ETF dividend payer: the Claymore Canadian Financial Monthly Income (FIE.A)

The only ETF in Canadian dollars that I find interesting, and figure among the highest ETFs dividend payers is the Claymore Canadian Financial Monthly Income ETF, ticket symbol FIE.A. This one trade on the TSX.

The Claymore Canadian Financial Monthly Income ETF is interesting and it could be a good investment to hold in a stop working strategy (of Derek Foster) investment portfolio. The dividend yield of the Claymore Canadian Financial Monthly Income ETF is of 7.09%. Morningstar had rate the Claymore Canadian Financial Monthly Income ETF 1 star only. The reason of the low rating could partly come from the high management fee for an ETF. The actual management fee of the Claymore Canadian Financial Monthly Income is of 1.40%. Good, but I currently hold investments that are better than that. Which mean that my search continues... In my search for a new investment, I want something that will BOOST that 600$ right to the top!

A solution could be the iShares S&P/TSX Capped REIT Index (XRE)

The iShares S&P/TSX Capped REIT Index (XRE) arrived second on a 5 year return with 9.20%, following the iShares S&P TSX Global Gold Index Fund (XGD) with a 13.67% return. I could have chosen to invest in the iShares S&P TSX Global Gold Index Fund (XGD), but I already have gold in my portfolio. Remember that I hold the Claymore Gold Bullion ETF (CGL) in my RRSP portfolio...

The iShares S&P/TSX Capped REIT Index (XRE) has a dividend yield of 5.29% and the actual management fee is of 0.55%. The iShares S&P/TSX Capped REIT Index (XRE) had been rated 4 stars (on 5) for quite some time now.

Conclusion: the iShares S&P/TSX Capped REIT Index (XRE) could be a good investment idea to diversify my existing investment portfolio. I currently don't hold any investment in the real estate area.

Bonus: diversification + dividend.

The contribution in kind at its best: from the TFSA to a RRSP 2010 contribution

I now got it! I finally purchase the mini laptop that I wanted for so long now. I purchase a small 10’1 Acer laptop at The Source. I purchase the 250 GB model, 1 GB of memory. This is more than enough to cover my basic needs. The laptop came with a free anti-virus valid for one year. I just have to send a mail coupon and I should get my 70$ back. I should also get a 50$ credit the same way for the laptop. The price they had advertised is not exactly correct because they make you work through mail coupons, which is very annoying I find. Anyhow, I am happy to be back online! From now on, I will be able to basically work online from anywhere I want. The mini laptop is compact and very light. It can easily be carried everywhere without too much trouble. I would like to purchase a mouse and a case for it.

Investment news

My investment portfolio had done quite well lately. For a little while, my non registered portfolio was exceeding the 71 000$! It’s not below 71 000$, but I am still exceeding the 70 000$.

There’s still overtime available at my job. I could have done more hours today, but I really wanted to “get out of there”. Anyhow, I left after doing close to 2 hours overtime and left. I should take a maximum advantage of the fact that I have overtime available and do the maximum hours I can, but this can be dangerous. I wouldn’t like to reach the point to burn myself. I saw one of my good colleagues leaving without knowing too much what he will be doing next. Money didn’t seem a problem to him, but I told him anyway that I wouldn’t like to see him leaving without having a backup plan, like without having another job, etc... But he left, seem to be in peace and happy. I was happy for him, but seeing leaving was like seeing a part of me stuck in the steadiness of live.

What’s up?

At this point, I do not have really specific plan on what I will be doing but I have a couple of projects I want to work on. They are:

My online projects

My online work is going well. I reach the 150$ in online earning for this month. 150$ is not a lot of money, but knowing how difficult it is to earn money online (at least it is for me lol), I am just amaze by the amount. This means an extra 150$ I will earn for December. I see my online work as a hobby, but if I had been able to earn 150$, I am able to earn hundreds of dollars more. Don’t you think so?

I would like to create a great mix of income from my jobs, my investments and my online work. It could seem simple at first but in my situation, nothing come easily – expect money. Why am I saying so? Well, you could be surprise, but I could make a 600$ investment by the end of November, despite what I taught previously. And I have to say, I am very tempt to do so!

My investment projects

I know this is really not the RRSP season, but I had begun to think about my 2010 RSP contribution. For a change, why not to think in advance? I have this great investment portfolio which perform well. I have more than 70 000$ in my non registered portfolio. For 2010, I can contribute somewhere over to 7 000$ for my RRSP. It doesn’t look like it right now, but RRSP season is not far away. And yes, the thought of RRSP contribution is just stuck in my mind, just like margin – but that’s another story. No way I am going to be able to find 7 000$ in fresh new cash to invest, even if I have until March 2011 to make my move.

A contribution in kind to a RRSP broker account can be costly! (Because of the taxes!!!)

I hold all of my savings in investments of all kind. You can have a taste of it under “My investment portfolio” page. In 2010, all the newest investment I made had performed quite well. If I decide to take some of the investments I hold and transfer them into RRSP – this meaning a contribution in kind to a RRSP – I will have to pay taxes on capital gain (because most of the investments I hold have perform well).

When it comes to a contribution in kind to a RRSP, there’s a way to be free of taxes, free of capital gain: by using investments hold in the TFSA. Yep, that brilliant idea came to me just like in a dream. What about transferring investment hold in a TFSA to a RRSP account? Would I have to pay some capital gain taxes on such transfer? Well, I call my online broker, you know the guy, TD Waterhouse of course and I ask them the following question: Will I have taxes to pay on a contribution in kind made from a TFSA to a RRSP? The answer: No, that’s the purpose of a TFSA, its tax free!

That’s specifically for those kinds of answers I am getting from TD Waterhouse brokers that I am sticking to TD! I LOVE TD WATERHOUSE. I love their way of explaining things to me you know. I love the TD way.

Anyhow, no matter how good is TD Waterhouse, I was thinking about transferring the 7 000$ I hold in my TFSA under the Sprott Canadian Equity Fund into RRSP before the end of 2010. Why?

Well, remember that with the TFSA, when you withdraw money, you are authorized to contribute the same amount you withdraw to your TFSA contribution of the year AFTER...

Ok, I know, I know, none of this is very easy, but it’s not complicated either.

We will go with this easy example, my very own, by example:

I currently hold, let’s say roughly, a 7 000$ into a TFSA invested in the Sprott Canadian Equity Fund. Easy right? Ok, and I have, for 2010, 7 000$ I can invest into RRSP in order to benefit from a tax break. Perfect! No problem. In order to make that 7 000$ RRSP contribution, I simply need to do a contribution in kind and the money will come the transfer from a TFSA status to a RRSP status for my investment hold in the Sprott Canadian Equity Fund. Isn’t that fantastic? But wait, because I am not done yet!

For 2011, it’s not simply a 5 000$ that I will be able to invest into my TFSA, but 5 000$ + 7 000$, for a total of 12 000$! But in order to do so, I need to do my 2010 RRSP contribution before the ending of 2010. Simple and easy.

Of course, you understand that all the point mentions above result of my own dreaming and you SHOULD do your own homework in order to avoid any disturbing financial situation. Thank you. ;0)

Emera awesome dividend!

I am writing this post from my iPod... I am out of laptop. I do not have computer problems on a regular basis, but now, things are pretty bad. I had problems since Sunday night, when I got the good idea to delete some programs of my computer to free some space. I might had delete something I shouldn't because even with an Internet connexion, I cannot access the Internet.. Lol!!!! It's just so hilarious in some way. I spot a mini laptop that I wanted for a long time. I might get it tomorrow morning, depending of my mood. My dividend income are doing well. I received 66.30$ from Emera and 48.34$ from Bell Aliant! I like my iPod, but writing on it on a long term basis is giving me a headache. Seem like overtime is over at work, I should be able to concentrate a bit more on my portfolio and my online stuff.

Sprott Physical Silver Trust UTS (PHS.U) perform well on the stock market

Today was quite a busy day as I manage to pay my credit lines and other credit cards payments early in the morning. The only bank that was open was TD Canada Trust. So I went there to pay my credit line. After what, I went to RBC Royal Bank. I guess they open at 9:00AM or something like it. After what, I wanted to pay my BMO Bank of Montreal line of credit… but the bank was close. BMO Bank of Montreal only opens at 10:00AM! TD Canada Trust is so much better – they open at 8AM! I find TD Canada Trust so great! This is a bank who had understood what workers like you and me need: early morning banking services! With BMO Bank of Montreal, the banking services are weak and old fashion: their branches open in the middle of the morning and close in the middle of the day… TD Canada Trust is the number 1 bank in Canada. Period.

Anyhow, while waiting for the BMO Bank of Montreal St-Catherine branch to open, I decided to stop by the Second Cup to buy a coffee (my favorite by the way) and try the WiFi on my iPod. It works great! I was able to follow my stocks, read the news… That iPod is very great and I will soon be looking at downloading a few games and application. I was a complete Apple illiterate before but now that I have my iPod, I find Apple very amazing. I knew of course Apple and the iPod before but I never taught it was actually that great. So go get yours!

I had the chance to order mine for free using rewards points from work. I am looking forward to get the iPad and, if possible, it will be in a close future. I just wonder if the price of the iPad will drop on Boxing Day. But I doubt. Anyhow, it’s something I will look for. The deal with for 3G connection with Rogers Communication for the iPad is very good. If I am not mistaking, I saw advertise 35$ per month for 5 Go! WOW! As you can see, I got really deep interested in the Apple stuff now.

Many things had been going on lately and I would just like to have more time to do everything I want. Currently, I had received 14.77$ in dividend from Pengrowth Energy Trust (PGF.UN). My non registered portfolio had finished the day at a good 70 219$. Nothing to compare to the good results of November 8, but still. Whenever exceeding the 70k is good enough for me!

My investment in the Sprott Physical Silver Trust UTS (PHS.U) is performing VERY well!!! Remember that earlier this month, I invested in 200 units of Sprott Physical Silver Trust UTS (PHS.U) at 10.73$? Well, the same units now worth 11.17$ each now.

I calculated that I should have enough cash by the beginning of December to invest in 100 other units of Sprott Physical Silver Trust UTS (PHS.U). That’s a good news isn’t?

I am now a new iPod owner!

I got my iPod 8GB! (The same one as advertise right over there!) It wasn’t easy to set it up. But that’s only because of me – my computer hard drivers are over loaded. I get rid of some programs I didn’t use for quite some time. And than it finally started to work! I got this iPod for free at work. The only thing I will be looking to buy is a case for it. The iPod do not come with a charger – its charge itself within 10 minutes on a computer. But a charger can be purchase separately.

I took a picture of myself with it and than I realize how that my hair look… strange (and I am desperately in need of a hair cut too!!). I can see 2 different colors in my hair: the great red coloration and my roots (my natural color). For now, I got tired of dying my hair so I decide not to color my hair anymore but such decision had a direct effect on myself, in the sense that I don’t like my hair right now and I prefer not to look to closely at the picture… It won’t be post here. I delete it. Just to conclude on this word: getting rid of an hair coloration is not an easy thing.

I wasn’t able to use the Wifi of my new iPod but I am going to bring it with be tomorrow and try to use it downtown Montreal to see I it actually work. I will also take pictures… Just can’t wait!

Things are going to be a bit rough for another investment this month. I am still waiting for my paycheck – I should get it by midnight or so. Problem being that after this pay, I will be receiving another one but… the problem being that I need to have enough to pay my December rent. So I prefer to wait next month before placing another investment.

And talking about investment, the iPod touch has a functionality allowing user to check the stock market. You can enter first your tickets, and within the power of a touch, check how well – or how bad lol… – your investments are doing. But to do this, the Wifi need to be working… I wasn’t able to set my tickets yet but I will be looking forward to do that tomorrow. I guess the best is to go with an iPhone because there’s no Wifi everywhere but I have to say, being disconnected sometimes from the stock market cannot hurt. And especially now knowing I have so much to pay for…

Take a look for yourself. Here’re the ugly bills:
-6.36$ on a Visa (I guess this was a little left over when I proceed with my latest credit card balance transfer).
-100.12$ on one of my credit line
-59.49$ on another Visa
-63$ on another credit line
-107$ on another credit line
-103$ on another credit line

…lol

And not to forget my rent… 555$ (but all included)…

No, there will be no upcoming investment for the month of November! What was I thinking? :0)))))

More of the Sprott Physical Silver Trust (PHS.U) in my investment portfolio

I am getting tired of working during the weekend. But the effort worth it, as I probably be able to invest 1 000$ later on this week in the Sprott Physical Silver Trust (PHS.U)! I am very happy about it because I find that the Sprott Physical Silver Trust (PHS.U) bring what was missing in my investment portfolio: something strong and powerful. A good silver investment like the one offer by the Sprott Physical Silver Trust (PHS.U) was missing in my non registered portfolio. I had gold in my RRSP portfolio, but no trace of silver or gold in my non registered portfolio until… recently… And now, I am getting ready to welcome some brand new units of the Sprott Physical Silver Trust (PHS.U) in the everything! YEAHHH!!

Quiet weekend, but I change my routine: I took care of the cleaning and the grocery shopping on Saturday evening instead of the regular Sunday evening. I find it better, because on Sunday, I finish work later and also, this allows me to take a rest on Sunday evening, before starting all over again on Monday… By doing this, I am also trying to wake up earlier on Monday morning. Starting Monday, I will try to my overtime in the morning instead of the evening. While doing overtime hours in the evening, I sometime finish work very late and it’s doesn’t give me too much time to do other things during the day. But I now want to change my routine to be able to leave work earlier and work on my HubPages articles and blog among other, as my online profits are slowly growing and I really need new winter boots, among other things.

This weekend, I received in my TD Waterhouse broker account some good dividend payment from Pembina Pipeline Corporation (PPL) and Yellow Media Inc. (YLO):

Pembina Pipeline Corporation (PPL): 55.51$
Yellow Media Inc. (YLO): 31.01$

Not bad at all. Don’t you think so? But get ready for even better stuff because with the new units of Sprott Physical Silver Trust (PHS.U) I am going to add to my portfolio this week, the profits are going to be great! So get ready!

I got pretty shocking comment made under my review of The Idiot Millionaire of Derek Foster. People can get absolutely nuts when it come to money. Don’t you ever be surprise to hear pretty heavy stupid dumb comments when it comes to Derek Foster. This being said, the guy is a genius. I am going to make it very clear: Derek Foster books are what help me to become wealthier financially. I am not at a point where I am going to leave the workplace anytime soon but….. I find my portfolio growing stronger and stronger. But this is nothing. The best is to come.

Great gains coming ahead for the Sprott Inc. (SII)

My first ever stock purchase was 500 stocks of Sprott Inc. (SII) that I purchase, back in 2008 just before the stock market crash, at around 10$ per unit. Since that time, I had experiment the volatility of the market with Sprott Inc… I saw the stock price decreasing from 10$ to less than 4$... For quite sometime, Sprott Inc. stock remain under 5$. I never taught it was going to hit the old 10$ until… just recently. Why? Well, according to Tim Kiladze from the Globe & Mail, we own those recent gains to the launch of the Sprott Physical Gold Trust and the Sprott Physical Silver Trust.

Not too long ago, I invested in 200 units of the Sprott Physical Silver Trust (PHS.U). Gold and silver investments are both great ways to protect an investment portfolio from the volatility of the stock market. And some other investors might think the same way because the Sprott Physical Gold Trust and the Sprott Physical Silver Trust are 2 investment products who are having a real huge success right now.

If you want, you can invest in gold and silver the old fashion way, by buying certificates. But investing in product such are the Sprott Physical Gold Trust and the Sprott Physical Silver Trust is the easiest way to go: you can buy and sell whenever you want, as long as the stock market is open.

So far, I have a very good experience with the Sprott Physical Silver Trust (PHS.U). In one day, if I would have sold my units, I would have made a profit of more than 100$. I don’t plan to sell anything soon, but the possibility of making money is there. The Sprott Physical Gold Trust had been out there since a couple of months, but the Sprott Physical Silver Trust (PHS.U) had been offered since end of October 2010 only. This mean that the price of the Sprott Physical Silver Trust units is still low for now… but it won’t be the case forever. I saw the Sprott Physical Silver gaining 5% on one day only! My first purchase of Sprott Physical Silver Trust was made at 10.73$ per unit. I wish to make another investment in the Sprott Physical Silver Trust by next month.

At now 9.99$ per trade with TD Waterhouse, I will probably make an investment once per month, despite the low amount investing. Remember: diversification is your best friend when it comes to investing. Go out there, invest in the Sprott Physical Silver Trust and the Sprott Physical Gold Trust and make my Sprott Inc. (SII) gain the old 10$ per stock… PLEASE!!! :o)