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Monday, June 13, 2011

Quebec singer Paul Piché is an enemy of the Canadian nation























































I had problem to wake up this morning as it was the Francopholies and the weekend of the Grand Prix in Montreal. It was fun, at the exception of the show of Paul Piché. For his last song, Paul Piché decided to show off his love for Quebec nation by singing “un Québec souverain”, which mean for a Quebec as a nation. What the F***! Francopholies had some financial difficulties and I hope Canada will cut all subventions to the Montreal event. A real shame for the French New Brunswicker girl that I am. I am a New Brunswicker, not a Quebecker. Readers have to understand that. I am not a cheater like those Quebeckers. I am the real deal, not an enemy of the Canadian nation.

This demonstration of Paul Piché is really unfortunate. Paul Piché, among with Claude Dubois, has one of the most beautiful voice of Quebec. Paul Piché is a real talented French Quebec singer. But his Quebec patriotism demonstration at the really end of his show was disgusting. In the beginning of the show, I even saw Eric Lapointe in the backstage! He was laughing and seems to be quite happy to be there. It was the second time I was seeing Eric Lapointe. First time was in the early beginning of his career, while I was still a teenager and he was still unknown, he did a show in my little hometown in New Brunswick. Last night, I was right in front of the stage, despite I arrived pass 9pm, because I was working. If I will have known I will have to endure such humiliation, I wouldn’t go to the Francopholies yesterday. Anyhow, I won’t go to any other show of the Francopholies. That’s really all. And one day, I will escape from Quebec province forever.

Saturday, June 11, 2011

Major crash today on the TMX stock market, my investment portfolio is suffering

My non registered investment portfolio went to a value of 112 875$ (of previously today) to 112 477$. Here’s the actual numbers:

Margin account money being used: 41 398.61$
Non-registered investment portfolio value: 112 477$
Margin account money being non-used: 20 348.42$

That’s what the numbers are looking like for now. From the 41 398.61$, a 5 000$ had been deposit on a credit line. At anytime, the 5 000$ can go as payment on the margin account, to decrease it to 36 398.61$. Next week, I am waiting for 2 paychecks. I should be receiving a total of 1 000$. That 1 000$ will definitively go on my margin account. It will decrease it close to below 40k.

If I want to, to really decrease my margin account usage, I could sell my holding of TMX Group Inc. (X), cash in a profit and leave the money (close to 5 000$) on the margin account. But it won’t happen that way. I think my portfolio may be able to handle another 200-300 TSX points loss if it have to happen in the next couple days.

Despite today bad market condition, my Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) did not gain enough in order for me to sell them at profit, so I didn’t sell them. I left home in middle of the afternoon to enjoy the beautiful weather and I knew anyhow that this Friday was not going to be the day of my selling of HOD an HZD. That it happens now or on a later date is not what really matter. What really matter at this critical point is to be able to remain in control of my margin.

Margin investment is risky. It’s especially is in a bad market condition that I am able to see more of the danger of margin investment now, unfortunately. But there’s nothing I was not aware of. In the previous post, I explain what I will be doing if it happen that the TSX loose more points in the next couple of days. I will be doing what I had explained in that post if I have to. Also at TD, I also have a 1 000$ paid on another credit line type - RRSP loan. I could eventually transfer the money over my margin account in case of extreme necessity. Eventually, I could bring in more than 11 000$ on my margin account, 6 000$ in cash, and the rest in asset. It could eventually become a solution. But the real solution would be to eventually become debt free. Eventually but certainly not for now.

Friday, June 10, 2011

Sexy margin account 911: what to do to protect your asset

The TSX is facing close to the 13 000 points. Can it go any lower? Maybe. I don’t know. But what I do know for sure is that my portfolio is strong enough to go through this. I of course transfer the 5 000$ available of my credit line to my margin account. That bring my margin account usage to 36 000$. Currently, my non-registered portfolio is down to 112 875$.

My portfolio is strong enough to support what’s going on right now, but if the TSX go through another 100-300 points loss, I may at a time received a margin call or – even worst, TD Waterhouse could eventually sell part of my asset without me knowing. Anyhow, I am the one who wanted this and now, my margin is sexier than ever... Sexy like hell.

Some of my assets like BNS, X, PPL, ENF, EIF, SII and a couple other are still doing well. SII is exceeding the 8$ per unit, which is very good. NFI.UN, DGI.UN and a few others are not doing that well. However, I do not regret any of this. What’s going on at this time is a phase in which the market realize what’s going on in Greece and once pass, it will get better. In any way I want to sell my precious asset.

If the situation gets really bad, I could eventually transfer the holding of my TFSA into my non registered account in order to add to the portfolio. But even there, we are only talking of 4 000$. Still, that’s money, and a 4 000$ could add to the value of my margin account.

Transferring asset from the TFSA to the non-registered margin account is an extreme solution. But still, it’s a solution. I don’t plan to precede with the transfer of my TFSA holdings to my margin account unless the situation gets desperate. That meaning a TMX loosing another 200-300 points.

Another option would be to sell what I hold in my US account and transfer the money to the Canadian margin account. At the current time, I only hold Sprott Physical Silver Trust ET (PSLV) in my US broker account. The investment currently worth more than 2 600$ US. I could eventually sell my PSLV units and transfer the US money into my Canadian margin account. This could be another extreme solution. But I wish it won’t go through that point.

The best thing to do at this time is to hold and see what’s going to happen on Monday.

Strong morning opening for Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD)



Those who tell me I should sell and cash in a capital loss were totally wrong! There will be no capital loss on those 2. The market being so volatile, it’s basically possible to make money out of ETF whose value increase when the stock market value decreases.

Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) kick in the morning at +3% and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) at +4%. Currently, HZD is among the top TMX gainers.

But will the gains will be enough to sell at profit? That’s what we are going to see, I am staying in front of my laptop in this beautiful Friday just for that reason. In order to make a profit, I need to sell HOD at +6.65$ per unit and HZD at +7.79$... Crazy. But I will certainly not gamble with my money ever again. My punishment for day trading? Having to stay inside while the day is absolutely beautiful... Seek for yourself... Absolutely perfect summer day.

These days, the stock market is not good at all. My value had decreased of several thousands of dollars. But once the market rebound, I will be doing a lot better. I can handle a non official capital loss as long as my asset remains there in the market, I am safe (more or less). Selling now will be catastrophic and it’s truly not an option. The only 2 things I want to get rid of ASAP are Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). If it’s not good for today, I can still wait to sell those 2 at profit. And at profit only.

I had received some hot dividend distribution payment recently: Fortis Inc. (FTS): 31.03$, Group TMX Inc. (X): 40.40$ and Horizons Gold Yield Fund (HGY.UN): 10.84$. No DRIP for those little ones, so for once I was able to “cash the dividend”! The precious cash is greatly needed to pay off the interest own on the margin account money, among other. Extra cash is always welcome.

High quality investment is the key, keep following Derek Foster

Finally, New Flyer Industries Inc. (NFI.UN) closed today session at -5.90%, which is better than the 10% anticipated. I am still holding NFI.UN as well as everything else in my portfolio. I was happy to see First Majestic Silver Corp (FR) going up again. For a little while, FR was around 17$ per stock again and I taught oh no... I can handle the market volatility, but I prefer when things go my way. I cannot command the stock market, but at least, at the end, I know I can get what I want. First Majestic Silver Corp (FR) closed June 9, 2011 session at 18.21$. Not bad at all. I plan to hold this one until I can sell at a very high price.

My silver investment went up again. My Sprott silver investment is absolutely terrific. Both Sprott Physical Silver Trust UTS (PHS.U) and Sprott Physical Silver Trust ET (PSLV) are doing great. My investment in the Sprott Physical Silver Trust UTS (PHS.U) in inside my TFSA. I had invested in some units when the price was at something like 15$. So as long PHS.U do not go below 15$, I will be all good. 

As for my investment in Sprott Physical Silver Trust ET (PSLV), I had made my first investment in it when the unit’s price was at its highest, 22$ US. I invest again in Sprott Physical Silver Trust ET (PSLV) when the units were just a bit more than 16$. So now, a mix of units at 22$ and 16$ equilibrate the whole thing and I don’t regret my last investment in PSLV. It’s actually pretty cool to see my investment growing like that. Silver will gain value again, but at a much slower pace as before.

I had been thinking about it and I find that selling my stocks of Yellow Media Inc. (YLO) was the right thing to do. I reinvested the money in a highly profitable company: Exchange Income Corporation (EIF). Just like YLO, EIF paid a monthly dividend and its chance to grow is better than what it is for YLO. I had been happy with YLO for a while but at a point, YLO was no longer a good fit. A similar situation happens to me with Superior Plus Corp. (SPB). At a point, I could no longer stand the investment in my portfolio. What I had learned from the experience is something I will try to improve myself on: focus on quality holding instead of dividend yield.

Quality holding will grow in value over time and on top of that, quality holding increase their dividend overtime. Despite reading Derek Foster books over and over again, as well as his newsletters, I really needed to experience all this by myself and wake up. Problem being that following Derek Foster strategy is just too easy. The stocks had been picked, everything had been explained. Very very well explains. So there’s no doubt and no failure possible. But that’s it? I mean come on! Well, dividend investment is very easy and keeping it simple is what can become difficult for the long run.

In my case, I did not fail, not yet. It’s just I have a taste for adventure. When your First Majestic Silver Corp (FR) stocks will be kicking the 25$, you’ll thanks me. When you’ll be selling TMX Group Inc. (X) at more than 45$, you’ll thanks me even more. Making money online is difficult, but making money on the stock market can be quite easy and losing money on bad investment like Yellow Media Inc. (YLO) is even easier.

Thursday, June 9, 2011

New Flyer Industries Inc. (NFI.UN) is taking a deep plunge on June 9, 2011: -10%

This is not a surprise. New Flyer Industries Inc. (NFI.UN) previously said that 2011 was going to be a challenging year... and I guess their CEO knew what he was talking about. A company like New Flyer Industries Inc. (NFI.UN) is super sensible to the market economy. Their dividend yield has not been yet compromise. While the US experiencing a real slow economic progression, our New Flyer is left with just a few contracts.

Despite it all, I decided to hold New Flyer Industries Inc. (NFI.UN). If our US friends are smart enough to give Barack Obama a second term, we may be able to get out of hell a little bit faster than anticipated. Once the economy will be better, New Flyer Industries Inc. (NFI.UN) business will get better. New Flyer Industries Inc. (NFI.UN) is far of being like one of my previous holding Yellow Media Inc. (YLO) or even Superior Plus Corp (SPB). NFI.UN is a leader in its field and buses are needed for public transportation. It’s a necessity. NFI.UN might be difficult to hold at this time, but it worth the holding, especially now.

When the stock market crash in 2008, it was difficult to imagine the market will ever go up again. Despite everything, the stock market will go up to the 15 000 points (one day) and one day, the worldwide economy will get better. Investing in stocks is ONLY for the long term, and so is New Flyer Industries Inc. (NFI.UN). I will be aside NFI.UN in those difficult time and I will be in the game when the glorious will hit its old 12$ value per stock. It’s all about a matter of having faith or not and I do have faith in New Flyer Industries Inc. (NFI.UN), I trust its executive team.

One day, I will hit the 200k and when it happens, NFI.UN will still be of my portfolio. I am a proud shareholder of New Flyer Industries Inc. (NFI.UN).

No the merger of equals for the Toronto Stock Exchange


Many things on the way. My vacations had been approved, which mean I will be going home for the last 2 weeks of July. This also means I won’t be job searching for a day time job! Yeah! I really didn’t want to begin a job search for various reasons. I am currently busy at monitoring the stock market.

I just received TMX Group Inc. (X) voting package for the merger of equals with the London Stock Exchange Group... I received the big document in French. I will do my best to go through the reading of the documentation. I still have time ahead. But even following the reading of the heavy document, I know I will vote against the merger of equals. I don’t want the Toronto Exchange to be control by foreign authorities. Think about it for a second: Xavier Rolet, a poor French man, will be in control of MY exchange? No way!

TD big boss is against the merger of equals too, by the way. If the merger of equals project succeed, on the first run, Xavier Rolet will be in control of the Toronto exchange, but what about after? What if someone as diabolic as Dominique Strauss-Kahn became the next CEO of the merger of equals? Those are things that Canadians need to have in mind while voting and for those reasons, I will vote against the merger of equals project. Because once the project will be on, Canadians won’t have any power on their exchange. Is it what we want? By their poor leadership, French already ruined the International Monetary Fund (IMF). Is it what we want for our exchange? To become as f up as France is? NO WAY.

NO TO THE MERGER OF EQUALS, NO TO XAVIER ROLET, NO TO FRANCE, NO TO THE LONDON STOCK EXCHANGE GROUP.

I am a shareholder of the TMX Group Inc. (X) and I will be voting NO to absolutely everything proposed in the convocation.

Canfor Pulp Products Inc. (CFX) can be a good replacement to the chaotic Sino-Forest Corp. (TRE)

This has absolutely nothing to do with Sino-Forest Corp. (TRE), but I will always remember what a financial planner working for Manulife Financial once told me about business located in China. That was in 2007, when I invested in segregated funds for my RRSP. Back at the time, I didn’t want to handle any investment risks and despite my young age (I was 27 back than), I decided to invest like a senior, I invested in some Manulife Financial segregates funds, in the following: Maritime Life International Equity Fund (Templeton), Manulife Simplicity Growth Portfolio, Maritime Life CI Harbour Seg Fund, Maritime Life Fidelity True North Seg Fund and Manulife GIF MLIA B World Invest.

We had that conversation after I mention to her that mutual funds invested in Chinese companies that were performing well. At the time, I was closely following a BMO Bank of Montreal mutual fund: the BMO Greater China Class. The fund was performing extremely well and I was impressed by the BMO Greater China Class.

Following what, the financial planner told me that it was because in China, the regulations were not the same when it comes to financial statements and that there was a lot of business fraud in China. Also, all investments made in Chinese companies needed to be handle with a lot of care. Those words never leave me because I was absolutely fascinated by China economy of the time. I still have the same fascination. But I do not invest in anything related to China for the reason that the regulation is not the same. It’s already risky enough to invest, why should you add another risk by investing overseas? That’s why I am mostly Canadian oriented when it come to investment.

Anyhow, today, a very sad story came out about a company that I never really notice before: Sino-Forest Corp. (TRE). Despite investing in stocks, I am in a way very conservative in my investments. I am not very attract to the big shinny names who are extremely well-rank by analysts. Personally, the only analysts I trust are Derek Foster (the guy who stop working) and SP Brunner (a well established blogger). I never lost anything by following those 2. Brunner is quite modest, saying in her stock reviews that they are not stock recommendations but hey, when you read her hot stuff about K-Bro Linen Inc. (KBL), per example, is that really anything else that would do than just invest in the company after reading her review? :0)

Anyhow, until recently, Sino-Forest Corp. (TRE) was performing extremely well, its value had gone from a 5$ to a 20$+ very quickly. It was the darling of everyone... Until someone of the name of Carson Block arrived in the show. Carson Block is a good looking 35 years, gangsters rap fan and a trained lawyer (got the portrait?) who declared that Sino-Forest Corp. (TRE) does not have real trees and that the company is not operating a real business. That might be true, but investors will have to do a trip in China to see for themselves if Carson Block declarations are true of false, because Sino-Forest Corp. (TRE) operates in China only... That Sino-Forest Corp. (TRE) operates a real business or not has any incident for me. I am not an investor of Sino-Forest Corp. (TRE). So why do I care?

Well, this incident surrounding Sino-Forest Corp. (TRE) shows the importance of diversification inside a portfolio. On the stock market, everything and anything can happen. I received bad comments in different occasions, saying that my portfolio is too complex, too bizarre, too diversify. Investing is not necessarily easy and in the investment game, diversification is your best friend.

I once got a French comment post here in this blog saying that investing in 10 companies should be enough. I never respond to the comment, but my way to see investment is this: enough is never enough. My investment portfolio will never be perfect; it will never be diversified enough. I always have in mind another guy, also good looking lol, Jean-François Tardif, ex hedge fund manager who, while being on top of his game, was managing more than 50 companies inside his hedge fund.

Ok, a hedge fund is a fund of millions of dollars, but it doesn’t change the fact that to be successful, diversification is needed. And I think that for a small portfolio like mine, the more it’s diversify, the better my chances are to increase my net worth. That’s personally the way I think.

Now, why should investors risk their hard earned money in companies like Sino-Forest Corp. (TRE) when they can get something so much better in Canfor Pulp Products Inc. (CFX), a BC based company?

I had been holding CFX for a little while. My investment grow of more than 400$ in just a couple of months. Canfor Pulp Products Inc. (CFX) is in the same sector as of Sino-Forest Corp. (TRE). Both companies have interest in engineered-wood products. Sino-Forest Corp. (TRE) does not pay any dividend. On May 20, 2011, I celebrated Canfor Pulp Products Inc. (CFX) first dividend distribution as a corporation.

Not that I want to say here that Sino-Forest Corp. (TRE) is not a good investment, but there always a way to get the best for your bucks right here in Canada. Inside my investment portfolio, Canfor Pulp Products Inc. (CFX) had been among my top performers. Investors need to get to know CFX the way I did to appreciate the power of the stock.

Wednesday, June 8, 2011

The pros and cons of opening a margin account with online commodity broker TD Waterhouse

When I first open my broker account at TD Waterhouse in 2008, I didn’t apply at the time for a margin account, just a regular cash account. It’s only in December 2010 that I decided to bring in margin to my broker account. At the time I open my margin account, my non registered Canadian stock portfolio had a value of over 72 000$. The 72 000$ portfolio brought in 43 653.66$, 60% value of my non registered portfolio value. In the following, I will try to explain the pros and cons of a margin account, for what I had experimented so far.

What’s a margin account?

A margin account is cash generate on the value of the investment portfolio. In my case, a 72 000$+ portfolio value had generated a 43 653.66$ margin account. You can see a margin account as money that the bank borrows you according to the value of your portfolio, perfect to trade commodities online.

A margin account can only be hold outside a register account, outside a RRSP and TFSA. A margin account can be hold in Canadian and US dollars, as long as it’s non registered, there’s no problem. Both of my Canadian and US non registered account have the margin account in.

The pros of a margin account

A margin account brings more flexibility in the way an investor can handle its investments. As for my part, my margin help me to extend my portfolio and invest in different companies that, if it wouldn’t be for my margin, I wouldn’t have been able to invest in. In my case, margin bring in diversification to an existing already diversify portfolio.

Say hello to extra cash!

A margin account does also bring in extra cash. The cash generate by the margin account can be use at any purposes. It can be withdraw or transfer to a credit line or credit card as payment.

Low interest rate: 4.25% at TD Waterhouse

Currently, the interest rate on my margin account is of 4.25%. This means that the interest I pay on the money I borrow from the margin is of only 4.25%. Nice!

Margin account as credit solutions: no minimum payment is required

A margin account is not like a credit card or a credit line. Interest money is being add to the money that been borrowed on the margin every month, but no minimum payment on the margin account is required, as long as the broker account is in good standard.

The cons of a margin account

The money available on the margin account is as volatile as the portfolio you hold. This mean that the money generates by the margin will vary on a daily basis.

The risk of a margin call

If on a certain day, your portfolio loses a lot in value, it could significantly decrease the value of the margin account. Such case could result in a margin call. A margin call is when your broker calls you to say: hey bro, you own money on your margin account! Simple is that.

Bye bye stocks!

But here’s the tricky part: in case of an extreme situation, it could happen that the broker, at its own discretion, decide to sell some of your assets to cover the money borrow on the margin. TD Waterhouse had been very clear on that part. By extreme situation, we could imagine something similar to the 2008 stock market crash. It happens in 2008, and it could happen again. Such eventuality needs to be taking into consideration and it’s something you should always keep in mind while borrowing money on a margin account. The risk is always there and exists; no matter how strong can appear your investment portfolio.

For that reason, use part of the margin account money, not more than 30%-40%, to pay off some debt could be a good solution. In case of an emergency, funds can quickly return on the margin account. And of course, ultimately, paying off debt using real cash instead of margin account money would be the best solution of all.
So far, I had been lucky with my investment choices and I never got stuck in a situation where I absolutely needed to sell my assets in order to cover the margin account. But never say never. I am currently using 41 000$ of my margin account money. 5 000$ went to pay a credit line, the rest had been invested. This mean that I am playing 36 000$ on money that is not really mine and I that I don’t physically hold in real cash. Dangerous? Yes, it is. But knowing where the money is, I don’t have any fear, but I certainly know I cannot go deeper on my margin account usage.

For that reason, I am currently following the stock market on daily basis. I had in many occasions used my margin money on “day trading”. Making quick gain on money that I don’t have had been too tempting. I did some day trade, made a bit of profit. The overall experience had satisfied my taste of danger and I won’t be day trading on margin anymore. Persistence could make me loss all I had build so far. Sometimes, experiences are required to understand what really mean to have a net worth of more than 80 000$.

It takes some dangerous experience to be able to appreciate. 80 000$ is not a million, but I am not running for the million either. On the long run, a 100k will be as fine as a million. It doesn’t take me more to be happy, just to know I have money to quit my job whenever I want and go job free for a little while if I really want to: the feeling is priceless. But of course, that won’t happen now. Especially not now.

One last thing: if considering margin account, never use it fully. Maximizing a 30% usage should be more than enough. Remember that money is not yours and, despite being monopoly money, it’s real money that your discount futures broker may request you one day to pay off.

Is that it? DNI Metals. Inc. (DNI) to start an important nickel production in 2015... or not?

Robert Gibbens, a freelancer for the Montreal Gazette had reported some terrific news for our DNI Metals. Inc. (DNI)... In an article title Dumont nickel project slated for 2015 startup posted on June 7, 2011, Gibbens provides a good overview of what the upcoming months will be for DNI Metals. Inc. (DNI).

During last week, for the moment DNI Metals. Inc. (DNI) reached the 40 cents per stock, I regret not selling. I had to say goodbye to a 400$ profit. I didn’t know at that time, but I now know. I did not sell my investment hold in DNI Metals. Inc. (DNI) because Dumont nickel has an important project on its way, somewhere in the northeast of Rouyn-Noranda. You must read the article. Interesting, but however, it’s not exactly clear if the project is related to DNI Metals. Inc. (DNI). In the article, Gibbens never used the exact and full company name of DNI Metals. Inc. (DNI). So when it come to that “Dumont nickel” name in his article, it’s not 100% sure that the article concern DNI Metals. Inc. (DNI). But it’s probably is... or not?

Royal Nickel Corp. (RNX) and DNI Metals. Inc. (DNI)?

Also, I don’t quite understand the relation between Royal Nickel Corp. (RNX) and DNI Metals. Inc. (DNI). The Globe and Mail also report on Royal Nickel Corp. (RNX). In the article, the Globe mentions Dumont nickel as well, but never DNI Metals. Inc. (DNI)... this is quite confusing because before, DNI company name was Dumont Nickel Inc. (DNI)...

Very very confusing! In their Web site, DNI Metals. Inc. (DNI) only name one property located in Quebec province: their Louvicourt Property. Louvicourt is involved in diamond and DNI doesn’t seem to be very involved in it, meaning nothing new had emerged recently from this project.

After reading and reading again all of the articles above, I came to the conclusion that DNI Metals. Inc. (DNI) is probably not involved in any Royal Nickel Corp. (RNX) project after all. I know, confusing.

Tuesday, June 7, 2011

Yellow Media Inc. (YLO): what’s going on?

Well, to this question, I could answer by using Linda McCurdy, President and Chief Executive Officer of K-Bro Linen Inc. (KBL), own words: “In order to be successful, a company must have a vision.” (K-Bro Linen Inc. (KBL) Annual Report 2010, p. 6). What seem to be happening in the case of Yellow Media Inc. (YLO) is that their lack of vision for the long run had literally killed their stock.

Until recently, I was a proud shareholder of Yellow Media Inc. (YLO). On May 3, 2011, I made the painful decision to sell my shared of Yellow Media Inc. (YLO) at 4.65$. In the selling adventure, I had lost 300$ of the dividend money reinvested in the DRIP. So I had been lucky enough to not actually lose my original investment (in real money coming from my very own pocket).

In 2009, I was a young investor and YLO high dividend yield of more than 10% was extremely attractive. YLO stocks (at the time, they were units under a .UN ticket) were cheap. That’s how I decided to invest 2 224.47$ in Yellow Pages. From 2009 until May 2011, I had enjoyed YLO high dividend. And of course, the dividend was reinvested each month to provide me more shares.

On May 3, 2011, I decided to sell the totality of my holding in Yellow Media Inc. (YLO) for a market value of Yellow Media is of 2 602.56$. In this sell, I had loss 305.46$. A 305.46$ coming in from the reinvestment of the dividend earn each month. I attempt to focus on this part not to be too much disappointed. It’s summer after all and really soon I will be turning 31...

Anyhow, this being said, since May 3, 2011 YLO stock continuously lost some important value and it’s seem like it’s not over yet. Currently, today on June 7, 2011, 12:40pm, Yellow Media Inc. (YLO) is trading at 3.36$. Despite the catastrophe, YLO high dividend yield of more than 18% (as shown in the trading information provided by TD Waterhouse) remains.

While facing my own stupidity for dividend hunger, my best recommendation for you would be to hold YLO is you did not sell before because there’s a tinny little chance that the stock may go up to 4$.

The temptation of investing in high dividend yield companies provider only may be high, but must be avoid. A company that pay an 18% yield cannot have an executive team who has a lot of common sense. It’s good to give, but a company need to have a cash flow and absolutely need to have good reserve to face difficulties and anything that could present among the way.

With all of my money invested in stock, I am certainly not a good example of what should be a good investment portfolio. Someone with common sense will have more than 550$ in savings in its banking account but there’s some temptation I cannot avoid. Like having everything on the stock market for example. Sexy and dangerous.

This being said, remember: always focus on high quality stock instead of dividend yield. Because in any cases, it take more than a 200 000$ investment portfolio to be able to live on dividend distribution. It takes a lot of money. And once you have the money, will you really gave up on your working live? Because in a way, not having a working life, is like not having a life at all, especially while being single. I guess it’s the girl in me who’s talking right now. This meaning if you are a single, rich and handsome man, don’t hesitate to write me an email ok?

The money is in the linen, K-Bro Linen Inc. (KBL) knows about it

Lately, I received the Notice of annual general and special meeting & management information circular of K-Bro Linen Inc. (KBL). I had been holding K-Bro Linen Inc. (KBL) since March 2011. I first invested in K-Bro Linen Inc. (KBL) after reading SP Brunner review of KBL. She wrote a good review about the company and I knew KBL would be a nice fit in my investment portfolio. I didn’t hold anything related to the Services sector. Adding KBL in had brought some diversity in my assets.

K-Bro Linen Inc. (KBL) has location plants in Victoria, Vancouver, Calgary, Edmonton, Toronto and Quebec City. For 2010, K-Bro Linen Inc. (KBL) revenue increase of 18.9%, to establish itself at a very respectable $104.5 million. K-Bro Linen Inc. (KBL) payout ratio is of 49.5%. KBL dividend yield is of 5.058$, 1.10$ annually per stock. KBL dividend is paid on a monthly basis.

K-Bro Linen Inc. (KBL) is specialized in the sector of services. The company provide laundry and linen services in Canada for hospitals, hotels and other related commercial sectors. K-Bro Linen Inc. (KBL) 2010 annual report is quite interesting. It’s containing information that clearly shows that K-Bro Linen Inc. (KBL) is a well established company.

K-Bro Linen Inc. (KBL) is one of those companies you can hold in time of insecurity like the one we live in right now. Their dividend so far had been steady. I initially invested 2 034.99$ in KBL back in March 2011. Currently, my investment worth 2 180$, for a profit of 145.01$. This represents a return of more than 7% within less than 4 months. Absolutely amazing! KBL won’t be of any help is your looking for spectacular gain. But what KBL is able to bring in is stability in the value and a reliable dividend. Both of those 2 are difficult to get these days on the Toronto stock market.

Monday, June 6, 2011

HOD is going up, and all the other... down

Today is really not a good day for the stock market, despite the beautiful weather in Montreal. But the weather really has nothing to do with it anyhow... I was expecting a bad market condition, but still, when hitting on a bad stock market, it’s always hard. HZD is down, HOD had gain around 2%, and is currently staying at 6.30$. That’s good, but it’s still far behind from my original 6.65$. Oh, and guess what? DNI IS DOWN!!! My DNI Metals (DNI) is down of 19%....???

However, DNI still at a good 0.27 cents. Do I regret not selling DNI when I could had sell it at 40 cents and bring in more than 400$ in profit? Yeah... just a little bit. Just to make things worse, I wake up late, I did not prepare my lunch for the week, I did not clean, did not wrote anything new on HubPages for centuries. I am so lazy. :0)

My new blog have that cool title Beauty Queen Next Door and the domain address is beautyqueennextdoor.com. Isn’t nice? I am going now outside, my life is misery. DNI Metals Inc. (DNI) is down of 19%. Talk about a market plunge, my marvelous DNI. I love you.

Sunday, June 5, 2011

Be ready: the selling of Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) might be on its way

Quiet weekend spend at doing some quiet things. I worked at my usual weekend job, than on Saturday night I went see the latest X-Men, very fun to watch. At my weekday job, I am received bonus points and one reward we can get is free movie tickets. That’s what I usually buy. I just bought 2 other ones for this month of June, but because of Post Canada strike, I may not get them anytime soon. Some awesome Hollywood Blockbusters are on their way for the summer, among them the new movie of Woody Allen.

I did not update my investment portfolio value for a little while and that was more or less wanted from my part. Lately, I did not feel like updating it for many reasons. I had been focusing mostly at trying to sell HOD and HZD at profit. Those said I should sell now and loose whatever were very wrong. I cannot predict the future, but what I know is that the economic situation in Europe is not getting better. The US data shown that the recovery from recession may take longer than anticipated. All those factors combined together make a good stock market condition in order for me to sell at profit my units hold of HOD and HZD. So everything is going to take place slowly, but certainly. And selling my holding in HOD and HZD will be a big +, it will help me to decrease my margin account usage. It’s still at this time under control.

Some readers comments make me feel real mad, like the ones saying to sell “now” Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) (and will conduct me right to a capital loss), but some other bring a smile to my face and make me laugh. Of me of course, but also all this thing about my money blog. Like life is really all about money right lol... I got that reader commenting my margin account usage. Here’s the comment, post on the entry of June 1, 2011:

“Sunny, I remember when your followers where suggesting margin account and you wanted to stay away from it. You have to be very careful with margin. If you want to pay off some margin, think about selling HZD along with another of your silver holding. Why, because you`re not making any money on it, what you win on one, you lose on the other, so why not sell some of each.

I understand markets are volatile, but if silver does go down (which would make HZD go up), you would be losing on the gain you would`ve made on HZD, but you could buy some silver shares cheaper than today`s price. If silver goes up, you will lose money on the silver shares you sold, but you would be saving the money that you would be losing on your HZD. (Ex. if you would`ve sold HZD and PSLV yesterday, today you would`ve lost the gained from HZD, but you also wouldn`t had lost money on PSLV, so really you weren`t losing anything)

So why not sell some Pslv and HZD; and if ever HZD does reach 8$, you will be able to rebuy PSLV at around 14.50. If it doesn`t you would stop losing money on HZD and cancelling your gains on other silver investments.

Sunny, this is the last time I will bug you with this, but think about it. This is a solution to get out of your trade, pay off some margin and you`re not losing any money.

I`ve told you before, when you`re betting for silver and against silver, it`s like going to Las Vegas and betting 2,500 on Vancouver winning the stanley cup and 2,500 on Boston winning. At the end, you won`t make any money but you will be paying interest on the money borrowed. I think you`ve noticed that in the last month.”

What amazes me most is when I am getting a comment and by that comment, you know that it can only be a long time reader. Like wow... Each time, it blows me away. Like people really reading this s. Oh lol... Of course, I know people read, but in that specific comment, it’s a reader who had following it all since I started the margin thing. That was way back in December 2010! See what I mean?

I started the margin account in December 2010 following a reader suggestion, Dividend Lover. At that time, the idea was to use part of the margin account money in order to pay debt at a higher interest rate. During the last quarter of 2010, noting that I had all those debt, I wanted to do something in order to decrease the interest money needed to be paid on all of my loans. That was the goal. My investment portfolio was doing very well, more than I could ever imagine. Selling part of my portfolio just to pay some debt was out of the question. The margin account idea was about paying off debt, it wasn’t money to be use to invest more, or even worst, money to use to do the day trading on... This is actually very funny knowing how much I was scared of opening a margin account at the first place. I think I may have expressed the scary feeling extremely well by writing because the commentator did not forget that one...

Actually, I did pay part of my debt using my margin account. I had paid my 5 000$ credit line using my margin account money, remember? But that was all... Why? Well, I quickly began to use my margin account money to invest following that...

The idea of Dividend Lover was great, it’s just me who became... an investor freak lol..... (that one is really funny isn’t?). But hey, the temptation was way too high. Imagine, opening a margin account brought in a 65 000$ in monopoly money (I just loveeeee to name the money brought in by the margin monopoly money). Fact is, monopoly money IS REAL MONEY and I CAN DO WHATEVER I WANT WITH IT.... WOW... Think about it: 65 000$!!! Youhou!

In live, I don’t care about my look, I don’t care about the clothes I wear. I don’t care about jeweleries, expensive restaurants, going out in night clubs, going away in vacations... I DON’T CARE. I really don’t. That’s what’s best about me.

But what I do care about, however, is investment. When I started to invest in stocks in 2008, I never had a doubt in my mind, I knew I was going to rock the investment game and I did (this being said, from my own perspective of course). I started just before the 2008 stock crash, I invested 5 000$ in Sprott Inc. (SII) and shortly after, the title was crashing to less than 5$ per stock. Despite the stock crash event, there was still no doubt in my mind, I knew I was going to win and I did. I received special dividend after special dividend of Sprott Inc. (SII). The SII title went back up, as for most of all of my holding. I totally recover from the 2008 stock crash without any problem because I knew I was able to go somewhere by investing in stock. This is the story of my first stock investment that I like to repeat over and over again.

As a small investor, I want to be able to take advantage of all of the possibilities being offered on the stock market. So when the sky is giving me 65 000$ my slapping its finger well... I WILL TAKE THE MONEY and INVEST IT. Or just part of it...

Dividend Lover was kind enough to comment on this blog of mine and he really did the best he could to put me back on track. Message had been kind of a: remember, you said you were going to use your margin money to pay off debt... That was a beautiful message coming from his part. Full of a common sense that had left me alone among the way.

Always from my point of view, so far, my investment adventure went well, but no matter how well it went so far, I am EXTREMELY aware that the market is volatile, the situation in the USA is still fragile and in the old Europe, the situation is catastrophic. That’s why lately I had been working on myself in order not to invest more and not to do any more day trading. Because if I continue, I could severely burn myself. I am aware of the danger and I understand the risk. I always did, it’s just at a point the stock market over excited me, it got inside me deep in the brain. I don’t have any excuse, but I am “just” 30 years old after all ok. Young bitch and money = BORDEL. :0)

The major event that mark the over excitement was when the TMX Group (X) announced the merger of equals. You don’t know how at first I was happy about the merger. I was open to all the possibilities that a merger could brought in. New capital money for the Canadian stock market, a growing perspective. More money meaning stocks gaining more value. More value = more profit. MORE $$$. WOW!!!

But I am now against the merger because I don’t want a French of France to be in control of the proudest thing the Canada possess: it’s very own exchange. I don’t like Xavier Rolet. I don’t like him at all.

Once the over excitement took control of my whole body, I did it, I purchased 100 stocks of the magnificence TMX Group Inc. (X). That when the merger project had been officially announced, a couple of months ago. I had a good feeling at that time about the merger of equals and getting some stocks of X in my portfolio was not a luxury, it was a necessity. And it was a good thing. I had cash in the dividend, my investment gain in value and will probably continue to gain in value.

I am not a genius, I am just a girl who like to listen to herself and no one else. 

So good so far, but I am truly aware of the risk, once again. I know and I understand. That’s why I won’t invest again for a little while, not until I sell HOD and HZD at profit, at least. The risk would be to become too confident and trade trade trade. But I am never over confident, only sometime over excited. I am just happy to have good readers. I did not respond to the glorious comment. What could I have answered anyway?

Friday, June 3, 2011

My top stock performers of the time: who they are?

Despite a TSX down of 37 points, some holdings of my non registered investment portfolio are performing very well. Among my blockbuster stocks, we find: Pembina Pipeline Corporation (PPL), Methanex Corporation (MX), Fortis Inc. (FTS), Enbridge Income Fund Holdings Inc. (ENF), EnCana Corporation (ECA), Bank of Nova Scotia (BNS), Canfor Pulp Products Inc. (CFX), Westshore Terminals Invest Corp (WTE.UN), TMX Group Inc. (X), WesternOne Equity Income Fund (WEQ.UN), Just Energy Group Inc. (JE), Premium Brands Holdings Corporation (PBH), iShares S&P/TSX Capped REIT Index (XRE), K-Bro Linen Inc. (KBL), Corby Distilleries Limited (CDL.A) and Student Transportation (STB).

Here they are, my top stock performers with their respective profit:

Pembina Pipeline Corporation (PPL)
Initial investment value: 6 537.81$
Current value: 10 875.06$
Profit: 4 337.25$

Methanex Corporation (MX)
Initial investment value: 1 626.80$
Current value: 3 132.23$
Profit: 1 505.43$

Fortis Inc. (FTS)
Initial investment value: 2 680.66$
Current value: 3 512.81$
Profit: 832.15$

Enbridge Income Fund Holdings Inc. (ENF)
Initial investment value: 5 748$
Current value: 6 373.25$
Profit: 625.25$

EnCana Corporation (ECA)
Initial investment value: 5 980.49$
Current value: 6 546.82$
Profit: 566.33$

Bank of Nova Scotia (BNS)
Initial investment value: 5 680.46$
Current value: 6 237.03$
Profit: 556.57$

Canfor Pulp Products Inc. (CFX)
Initial investment value: 1 516.65$
Current value: 1 896.18$
Profit: 379.53$

Westshore Terminals Invest Corp (WTE.UN)
Initial investment value: 4 631.99$
Current value: 4 996$
Profit: 364.01$

TMX Group Inc. (X)
Initial investment value: 4 245.34$
Current value: 4 524.80$
Profit: 279.46$

WesternOne Equity Income Fund (WEQ.UN)
Initial investment value: 2 061.99$
Current value: 2 337$
Profit: 275.01$

Just Energy Group Inc. (JE)
Initial investment value: 9 175.87$
Current value: 9 416.99$
Profit: 241.12$

Premium Brands Holdings Corporation (PBH)
Initial investment value: 6 925.91$
Current value: 7 154.60$
Profit: 228.69$

iShares S&P/TSX Capped REIT Index (XRE)
Initial investment value: 2 106.37$
Current value: 2 303.84$
Profit: 197.47$

K-Bro Linen Inc. (KBL)
Initial investment value: 2 034.99$
Current value: 2 220$
Profit: 185.01$

Corby Distilleries Limited (CDL.A)
Initial investment value: 1 545$
Current value: 1 660$
Profit: 115$

Student Transportation (STB)
Initial investment value: 1 301.50$
Current value: 1 358.07$
Profit: 56.57$

Currently, PBH is still exceeding the 17$ per stock. This had been the case for the past couple days. I had been quite pleased with WTE.UN, WEQ.UN and CFX, among my latest investments, and currently on my top stock performers.

I had been holding PPL, FTS, ENF.UN, MX, ECA and BNS for a really long time. They are among the first stock investments I had made and they are currently among my top of the top performers. I first I started investing in stocks in 2008.

Lesson I learn from 4 years of stock investment: over time, good quality stocks pay a steady dividend and continually gain in profit, no matter of the market conditions.

PS: DH could had been from the list as well.

The Toronto Venture Exchange prince is doing it again: DNI Metals (DNI) reached 39 cents per stock


Please, DNI Metals (DNI), don’t stop the party!

Yep, the Toronto Venture Exchange prince is doing it again! DNI Metals (DNI) reached 39 cents per stock and that’s happen just NOW! If I would be selling my holding in DNI Metals (DNI), I will be cashing in a 400$ profit! Having DNI reached 26 cents per stock had been spectacular. Having it at 35 cents took my breath away and having it at 39 cents well... unexplainable. But that’s nothing.
Lately, a lot had been said on DNI Metals (DNI) and I am very sure DNI is full of potential and once the potential reveal, DNI will probably go much much higher. Not bad for a 2009 initial investment of even less then 800$.

In other words: I am seriously kicking some a :0)

My strong stock holdings make it possible: margin account management for dummies

My non registered investment portfolio is down to 117 000$, which hurt of course. But at this point, I still have 68% of my margin account money available once I transfer the 5 000$ amount of my TD credit line to my margin account. I just complete one of those transfers as for now, from my TD credit line to my broker margin account. Following the market closing session, I will transfer again the money from my margin to my credit line, in order to avoid the close to 9% interest rate of the credit line...

I could go through a rough market day without doing such transfer. Never say never, but I don’t think I will ever get a margin call, for the good reason that my non registered portfolio is too complex for that, in the sense that it’s quite diversify. I own very strong holding that’s able to support easily the margin account.

Here are the companies that figure among my very strong investment holding. In this illustration, I am using the data collected on May 20, 2011:

Bank of Nova Scotia (BNS): 6 258.43$
Methanex Corporation (MX): 3 077.64$
Fortis (FTS): 3 560.96$
Pembina Pipeline Corporation (PPL): 10 447.29$
Just Energy Group Inc. (JE): 9 655$
Pengrowth Energy Corporation (PGF): 2 812.20$
Enbridge Income Fund Holdings Inc. (ENF): 6 093.75$
Corby Distilleries Limited (CDL.A): 1 720.10$
Davis + Henderson Corporation (DH): 4 149.36$
Premium Brands Holdings Corporation (PBH): 6 972$
EnCana Corporation (ECA): 6 585.20$
iShares S&P/TSX Capped REIT Index (XRE): 2 320.78$
Canfor Pulp Products Inc. (CFX): 1 874.76$
Capital Power Income L.P. (CPA.UN): 1 919$
Exchange Income Corporation (EIF): 7 157.40$
Student Transportation (STB): 1 373.60$
TMX Group Inc. (X): 4 450.06$
Data Group Income Fund (DGI.UN): 3 991$
K-Bro Linen Inc. (KBL): 2 235$
Westshore Terminals Invest Corp (WTE.UN): 5 020$
WesternOne Equity Income Fund (WEQ.UN): 2 280$
Atlantic Power Corp (ATP): 1 473$

TOTAL: 95 426.53$

In a perfect world (or in a perfect portfolio :)))), all of the stocks that I hold would be strong holder, but it’s not the case. My Sprott Inc. (SII) investment does not appear among my strong holding. I had invested in Sprott Inc. (SII) since 2008. I had experimented SII volatility and for that reason, they don’t appear in my strong holding. In the last couple years, the SII stock value went from 10$ to less than 5$, and then to 9.96$ it’s highest for the last 52 weeks to the current less than 9$... That’s what I call extreme volatility but I cannot help it, I like Sprott Inc. (SII), their special dividend for 2010 had been awesome and SII is a box full of surprises...

On May 20, 2011, the 100% of my non registered portfolio worth 119 724.08$. More than 79% of my portfolio is invested in what I consider as being my strong holders. That’s how I had been able to manage my margin account usage. If my margin account exists, it’s partly because of those strong holding. No matter how bad the stock market can be, my strong holdings are able to support to volatility without too much trouble. Of course, I realize that 79% of strong holding is not 100%. For that reason, I monitor my portfolio on a daily basis. Also, I plan to sell my stocks of TMX Group Inc. (X) as soon as their situation will be stabilized. A sell and profit made on X will help to significantly decrease the margin usage.

It’s unfortunate, but the situation in Europe is what made things a bit more complicated for small investors using margin account. The insecurity in Europe brings volatility to the stock market and it’s not the ideal situation for margin account users. Despite the difficulties, I am confident I will be able to survive to another stock market crash. But this involve from my part a couple of things: the discipline of not trading for a little while, looking forward to sell at profit Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) in the immediate and later on, to sell TMX Group Inc. (X) and First Majestic Silver Corp (FR). Following the payment of all my living expenses for the month of June, I have a 930$ left available and the payment will go on my margin. This will bring the section of my margin account money that is not in use to 69%. Not too bad.

Also, another thing I forgot to add to this is that I may be looking forward to sell part of my investment hold in Sprott Inc. (SII) – about half of it – and reinvested the same money in something strong, like TransCanada Corporation (TRP) and something else. At this time, I don’t think it will be anytime soon that I will be able to sell at profit some of my Sprott Inc. (SII) stocks. However, no drama, Sprott Inc. (SII) has announced lately a 3 cents dividend that will be paid by the end of June. Nice! This is of course part of Sprott regular quarterly dividend (like 30$, yeah!).

I am amaze by my ability to save money. Lately has been even better because I really ground myself on not buying food outside. I eat before going out and bring my lunch to work and a snack. The only thing I buy is a Second Cup coffee on my way to work. I cheat a couple of times of course outside the Second Cup coffee, but the money spend was quite low. And despite everything, I am satisfied with my investment portfolio.

I said I regret my day trading activities previously – that’s how I got stuck with Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD). Some commentators had been obsessed by it (or by me? lol), saying I should sell HOD and HZD like right now, without cashing any profit. Well, those commentators can simply GO TO HELL.... lol... It’s not a good advice to say ok, you have this and this in your portfolio, you mess up young lady with your day trading, now pay, sell and lose money. Yeah yeah yeah. So far for 2011, the only elements I sell and loss on it was Superior Propane Corp (SPB) (the title was way too volatile for me despite being hold by the mountain lion hero) and Yellow Media Inc. (YLO). When it come to Yellow Media Inc. (YLO), I did not lose the original money coming out of my pocket, just around 300$ from what got reinvested in a DRIP. And when it come to SPB, I lost around 300$ in real f money. Those lost are nothing considering who my strong holdings are. A 600$ lost over a 160 000$ portfolio is nothing at all. I decided to bring in HOD and HZD in my portfolio, and I am the one who will decide when to sell and I will see those 2 at profit ONLY. That might be hard to accept for some readers, but that’s how it works around here on the Dividend Girl Blog.

Get to know what you want. I want money. I think that part is clear, at least.

Thursday, June 2, 2011

DNI Metals Inc. (DNI) pushing it to the top: DNI closed June 2, 2011 session at 35 cents

This June 2011, I am celebrating my 2 years as investor of DNI Metals Inc. (DNI) and I could not be happier. DNI Metals Inc. (DNI) is seriously kicking in some wonderful profit. The new prince of Toronto Venture may be able to go even higher once new development related to its operations in Alberta will be made.

I could cash in a profit of more than 300$ if I sell now, but holding is better for now, no matter how fat I am on the margin. As long as I can, I will hold DNI as all the other that I am holding for now in my portfolio.

Looking good for TMX Group Inc. (X), who almost closed at 45$. I am making serious good profit here too, but I am willing to hold. I could possibly sell those X stocks at 48$. When time comes, I will be selling and making a good amount of cash that will stay and remain on the margin. It’s just a matter of when and it could happen following June 20, X meeting regarding the merger of equals. Of course, I will vote against the London Stock Exchange merger of equals. With me, Xavier Rolet can say goodbye to his merger project.

Wednesday, June 1, 2011

Interesting development for Blue Note Mining Inc. (BNT)

I had been a shareholder of Blue Note Mining Inc. (BNT) for quite sometimes, maybe 2 years now. I first invested in Blue Note Mining Inc. (BNT) because of the company activities in the best Canadian province, New Brunswick! New Brunswick is full of possibilities in term of mining and it’s too bad that the northern part of New Brunswick has to rely on a Quebec company to develop its full potential. Mining development in the area of Bathurst had been extremely slow. Blue Note does not seem to have the leadership it takes to drive New Brunswick to the top of the mining industry. Overall, Blue Note Mining Inc. (BNT) activities in New Brunswick had been a major deception.

My initial 689$ investment in Blue Note Mining Inc. (BNT) currently worth 32$. I am still holding on date of today for different reasons. I know for sure that New Brunswick has good mining possibilities. Also, Blue Note Mining Inc. (BNT) is working in development near Val-D’Or – an area well known for its mines of gold, among other. I think there might be good potential there, but profit won’t come overnight. Just like it’s been the case with DNI.

Blue Note Mining Inc. (BNT) recently name Stephane Dubois as Vice President, Operations. We’ll have to see if Dubois can deliver or not. Blue Note Mining Inc. (BNT) has its headquarters in Montreal. That is not of any help. The headquarters should be either in New Brunswick or in Val-D’Or area, at least in a place where the management team can focus more on their job and be more efficient.

This being said, Blue Note Mining Inc. (BNT) has problem to go back on track, but I am holding it knowing the mining possibilities of New Brunswick. It’s the only reason.

Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) are up again

This is the kind of things I knew because the stock market is very volatile. Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) is currently at 6.18$ and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD) at 5.94$. Both titles are gaining, but not enough for me to sell them at profit. But I have to say, I really needed something like this to happen to calm myself on day trading. I should had known better, but the temptation of making quick gain out of day trading had been too much for me to handle. But I am proud to say that I actually made money from day trading. I previously explain how I was doing day trading in a previous post.

My way of doing the day trading was more or less safe. There’s actually nothing safe when trading stocks online. But what you can actually do if, like me, your interesting at adding in your cash flow, is to invest in commodities and stock who pay dividend, who are quality holding and that you see holding for a long time.

The idea would be to invest in quality titles, like example TransCanada Corporation (TRP). Purchase some stocks and sell later when a profit could be made. But this won’t exactly be day trading because in the vast majority of cases, you probably won’t be able to sell on the same day. If possible, you sell on the same day you buy and cash in a profit and if not, well, you don’t have very much to worry about, because you have invest in a quality title. This is probably what I will be doing in the future. I won’t stupidly be running on one big day shoot deal anymore. Day trading had been fun most part of it, but when I got stock with HOD and HZD, I didn’t find the experience very fun. Most part of doing day trade burns me totally and it took all my energy out of me. I felt like a zombie, and my experience with day trading did not even last a month lol...

Anyhow, it’s been more or less of a painful experience, but when gains could be made, I was in heaven. But with the hot summer coming in (today is a beautiful day in Montreal), I may want to find time to enjoy the weather until I can. Because see, I am currently on a standby. I am waiting for my vacations to be approved. I would like the last 2 weeks of July. For a reason or another, that’s usually the time where I take my vacations. I like the last 2 weeks of July. It’s a month before my birthday too.

If my vacations got approved, I won’t be doing much that what I am doing now. But if I got refused, I will try to find a job during daytime. This could help to decrease my margin account usage. I would be working during daytime, in the evening and on the weekend for a little while. I did it before; I am the best at burning myself, but on a realistic way. As long sleep 7 hours per night, I will be all fine. If my vacations got approved, I won’t bother searching for a daytime job as it could probably be complicated to get time off at 3 places at the same time...

But sincerely, I am mostly interested at following my investment portfolio than thinking about getting another job. Currently, TMX Group Inc. (X) is at 45$ per stock! I could sell and cash in a good profit. But I really want to hold and see what’s going to happen. On June 20, 2011, shareholders of TMX like myself will vote regarding the merger of equals. So that will be interesting and I want to be in, that the deal go through or not. I will vote against the merger because I don’t want the Canadian market to rely or depend on French foreign authorities. I find Stephen Harper really weak for not interference more on this. And first of all, why the TMX Group Inc. (X) is looking to sell itself anyway? What’s going on? I am pretty sure it’s the fault of Xavier Rolet who might have bought the management team of the TMX Group Inc. (X). And now, Canadians have to deal with a lot of shit. It’s getting ugly. And I feel unsecured with the merger. For some, it’s just about a stock exchange platform getting bigger with the fusion of Toronto and London. But in reality, it’s much more than that. With the merger of equals, the Toronto Stock Exchange will have as CEO Xavier Rolet. I don’t have anything against the man, it’s just I won’t want to get any French shit. I think that’s pretty easy to understand. France has nothing to do with the economic success of Canada. That needs to be clear. Canadian interests have to stay away from France, a country who never been successful itself economically.

Europe is a financial misery. Canada should stay away from European management. That’s really all. I have the right to express myself on what I think is good or bad for my country. Because don’t rely on Stephen Harper or any other government little authorities to defend the interests of glorious Canadians.

Get out of the way Xavier Rolet!

Toronto Venture latest superstar DNI Metals (DNI) realized a 30.77% gain on May 31, 2011

I said it before; I had been patiently holding DNI Metals (DNI) since June 2009. This month of June 2011 just kicking in now, I am now celebrating my 2 years investment with DNI Metals (DNI). At first, I wanted to make quick money out of DNI Metals (DNI). Unfortunately, DNI never gained in value. Well, not exactly as quickly as I first taught. But my patience paid off today.

On May 21, 2011, DNI Metals (DNI) realized a fantastic 30.77% gain on the Toronto Venture. If I would had sell my stocks today, I would had made a profit of a bit more than 300$, after commission. That’s good, but I did not sell my stocks of DNI Metals (DNI) today and I won’t be selling until a very extraordinary profit come. Remember, I hold DNI in my TFSA. This means that when I will be selling DNI, the profit made will be free of taxes...

DNI Metals (DNI) made great gain today without any specific reason. Today, DNI did not come with some news regarding their drilling activities in Alberta. So what happen? Why DNI is suddenly gaining value like this?

Well, it’s because DNI Metals (DNI) had been named in a popular newsletter and some of our US friends had been purchasing, purchasing and purchasing DNI. YEAH!

Ok, so this is the kind of consideration DNI is getting in the US from an investor newsletter. Nice! But can you simply imagine what will happen when DNI will actually come with good news regarding their diamond mine in Ontario or their nickel drilling in Alberta? It’s going to be huge! DNI is simply going to explode in profit! It’s not time to sell DNI now.

It would be nice to cash in a profit of 300$ now, but who knows what DNI is up to? For that good reason, I preferred to hold and see where the adventure with DNI will be like in the upcoming weeks. Stay tune. You can learn more about DNI right here.

Monday, May 30, 2011

Fortis (FTS) is taking care of business the right way, welcome to Central Vermont Public Service

Today is an historic day for Fortis (FTS). I had been lucky enough to invest in Fortis (FTS) while its stock value was at 27$. That was back in what I think was 2009. Lucky because it’s not anytime soon that you’ll see Fortis (FTS) at 27$ per stock. That may never happen again actually. Sometime, I can be very very smart.

Here come today the fantastic Fortis (FTS), the proud of the Canadian nation, the Maritimes province and of course, Newfoundland, Fortis (FTS) today made an historic acquisition that is going to drive Fortis on top of  the world. For the first time ever, Fortis (FTS) is going to deliver in the USA. Fortis (FTS) had buy a US company, Central Vermont Public Service for 700$ US million.

Hydro-Québec had tried to buy Central Vermont Public Service but of course, just like it did for NB Power, Hydro-Québec failed and did not win the deal.

Now, Central Vermont Public Service is the exclusive property of Fortis (FTS). Fortis (FTS) will have a lot of work in the upcoming weeks. By buying Central Vermont Public Service, Fortis (FTS) also acquired 230 million US debt of the Central. But as you know, there’s nothing much Fortis (FTS) can’t manage.

Once again, Fortis (FTS) is pushing it right to the top. Go baby go :0)

Need a line of credit? Why you should stay away from BMO Bank of Montreal

I have this 5 000$ line of credit with BMO Bank of Montreal. The line of credit came with a MasterCard banking card. I of course used up all of the 5 000$ for investment purposes. Imagine, my interest rate is only of 4.5%. I got this line of credit while working at BMO Bank of Montreal while working at their Montreal messy call center. Whatever I can get at a low interest rate I take it and use it. Everything is pack in my non registered portfolio, you know that. And I have a good feeling that I might finish the day at 170 000$ or close by in asset. It’s something I will try to figure out tonight when I come back to work.

This being said, I have a good feeling about my investment portfolio, but I don’t have the same good feeling when it comes to BMO Bank of Montreal. As a poorly manage financial institution, maybe the worst in North America, BMO Bank of Montreal manage its line of credit product like if it was a MasterCard credit card. Whenever you withdraw from the 5 000$ that already been used, you pay the monstrous interest rate of 19.5%.

Here’s an example: I had borrowed 5 000$ at 4.5%. The money had been used a long time ago. On each month, BMO Bank of Montreal request the minimum payment of 100$ of that line of credit. Ok, no problem, I can manage a minimum payment of 100$. But where it’s going nasty is over here: the interest rate on the amount you withdraw from the minimum payment is being charge like a cash advance. And for a cash advance with a line of credit, the interest rate is of 19.5%. This is truly disgusting. Knowing that BMO Bank of Montreal request a minimum payment that exceed the interest paid on the loan, user should be able to withdraw from the exceeding payment at the same rate as for the line of credit, 4.5% in my case. See, Bank of Montreal does not worth it.

TD Canada Trust and RBC Royal Bank don’t have such a bad credit line system. With TD Canada Trust, I can withdraw, and the money withdraw is being charge at the same interest rate as for the line of credit. No hassle. With RBC Royal Bank, it’s even better, for their line of credit, I only pay monthly the interest own on the money.

Ok, you might say to yourself that I have too much debt, but too much is barely enough, knowing where the money is. Small investors like myself should had been giving all of the best possibilities in the world and BMO Bank of Montreal, once again, is ruining the perfect scheme. In other world: for your credit needs, go with TD Canada Trust who offer close to a 24 hours a week banking services in their branches or go with RBC. As for Scotiabank, they are extremely difficult to get credit from. Bank of Nova Scotia, just like BMO Bank of Montreal, is poorly managed.

You need to get to know your banker first before jumping in.

All in a girl day trader weekend

It’s been a great weekend overall. I worked at my weekend job, but did not work much online. I prepared my summer clothes, color my hair (it was really needed as my last coloration was in February), I did my nails (in pink of course) and I purchased my usual scratch and wins... And here’s the fun part: I win 50$ at playing Scrabble. I kept a 40$ for myself and pick different tickets for 10$. And surprise, I won another 50$ on Scrabble. I felt lucky, so I purchased a Loto Max and a Loto 649 using my credit card. I did not win on Loto 649, but Loto Max results are for next week... lol... Later on, I went for grocery shopping and purchased another Scrabble. And I won again. I did not check this one yet, but I think I won 5$. If it’s just 5$, I will keep the money for my Second Cup coffee of this evening. I had been lucky. This is very nice because I had left 60$ in cash that I used on my credit card payment. I will only have left less than 300$ to pay on it.

This past week, I was told I was going to be short of work for the 2 weekends last time I call to give my hours, but it seem like I was provided the wrong information as I was on scheduled Sunday and I am on schedule for the next weekend also. Oufff... And I need the money. At this time, I want to add money to my margin account to decrease it. So for now all extra few bucks will go on the margin account.

Basically, here’s my plan to decrease my margin account usage:

-Sell at profit Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (HOD) and Horizons BetaPro COMEX Silver Bear Plus ETF (HZD).

-Sell a few stocks of Sprott Inc. (SII) at profit. I had been a long time shareholder of Sprott Inc. (SII). For their last special dividend, I had invested in hundreds of new extra stocks. I would like to sell those same stocks because they had been purchased using my margin account money.

-Sell at profit all my holding or partly of TMX Group Inc. (X).

-Sell at profit First Majestic Silver Corp (FR).

Those stock sells could help me to significantly decrease my margin account using. Part of the money could be reinvested in companies that paid a higher dividend, and another part could go to pay off my 10 000$ credit line. Currently, I could sell at profit stocks of TMX Group Inc. (X) and First Majestic Silver Corp (FR). I could even sell a few stocks of Sprott Inc. (SII). But it’s not something I am willing to do in a rush and it’s not an emergency. As for now, I prefer to hold TMX Group Inc. (X) and First Majestic Silver Corp (FR). I am not planning to do any day trading for now in reason of those transactions that are pending. I wouldn’t like to be stuck in a situation where I absolutely need to sell asset just because I am too high on my margin. Also, at this time, the economic situation of Europe is not very good. So better play safe and safe some money. At this time, I have a good feeling about my investment portfolio and I am kind of super relax and my nails look pretty.

I taught this weekend about updating my investment portfolio value but I wasn’t really into it and I spend time reading blog online and I was really out of my head. However, my non registered stock portfolio was closed to the 118 000$, according to the TD Waterhouse balance update. I was a bit shocked, actually. This is the update following my sell of Horizons BetaPro COMEX Silver Bull Plus ETF (HZU), by the way. I was quite happy. Nothing can really stop me at being successful with my portfolio, if it’s not a bad market condition. And a bad market condition may come at anything. But personally, I think the Toronto Stock Exchange should not response to the difficulties in Greece, Portugal, etc. for the simple reason that Canada is not involve in the European Euro mess and I think we should continue in our way without caring. Euro is what f up Europe, Canada has nothing to do in that. We have to protect Canadian interests in this. Europe is far behind everything. French of France among other come here to Canada, stealing jobs belonging to Canadians who had built the economy of Canada from generation to generation. It’s not ok for us to suffer from what’s going on in Europe. There’s different type of criminal and Europe is full of financial criminals, a lot more than Quebec province.

This being said, lately, I had been good at following my frugal gold rules. My main rule is to not purchase food outside grocery shopping. It could be seen simple, but it’s easy to cheat on this one. So what I do is that I cook my lunch for the whole week and bring a banana, an apple and a snack bar with me when I leave home. For about 2 weeks, I slack on my food purchase a lot but that’s a goal I had came myself with because I don’t want to rank up at 500$ in expenses of all sort on my credit card every single months. When I leave home for work, the only expense I allow me is a medium Second Cup coffee. I try to avoid my Second Cup coffee purchase, but I find myself starving for caffeine and I felt weak, at some point, really weak. I am allowing me a one Second Cup coffee per day and it’s about all. I can’t believe June is almost there. In my head, we are still in February and I am still at home in New Brunswick. What happen between February and now had passed by without me knowing it.

Saturday, May 28, 2011

Nickel is going to rock your world: DNI Metals (DNI) realized a 38.89% gain on May 27, 2011

My investment in DNI Metals (DNI) has been done a long time ago, more exactly on June 17, 2009. On that date, I invested 717$ in the company. Back in 2009, DNI Metals (DNI) was known under the name of Dumont Nickel (DNI). Reading back my posts of DNI Metals made me laugh because back in June 2009, my goal was to kind of day trade Dumont Nickel (DNI). Prior to June 17, 2009, DNI had reached the 5 cents per stock. I taught I could make a quick buy-on-sell. At the time, I didn’t have too much investment experience – even less than now. For me, it appears to be easy to make a profit of DNI. But the profit never came and that’s how I currently hold DNI Metals (DNI) in my portfolio.

In June 2011, I will be celebrating my 2 years investment in DNI Metals (DNI). Nothing really fantastic happens so far for DNI. Sometimes, for X reason, DNI makes some interesting gain, but nothing much that really worth a sell and a cash in money. However, lately, DNI Metals (DNI) had shown up signs of a penny stock becoming something more sustainable.

Many projects are on their way in Alberta. When it comes to DNI Metals (DNI) I find the development extremely slowww. However, I am quite happy with my choice of holding the investment for so long. For a 717$, I am not risking too much anyway. And previously, a reader post something in here regarding DNI, that chances are good that DNI may worth a lot more in a close future. All good news for DNI.

On today May 27, 2011, DNI Metals (DNI) gains a very awesome 38.89% (7 cents). DNI Metals (DNI) closed today at 25 cents. At this time, it’s still worth it to hold DNI Metals (DNI) because interesting developments are on their ways. Also, nickel is in demand. Not as much as silver, but still, it can be interesting to still hold DNI at this time. After all, I already wait 2 years, I won’t mind holding another 2 years if it’s to assist to other prospective development and get rich on nickel. Thank you DNI Metals (DNI).
 

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