About the CIBC Emerging Markets Index Fund

I had invested 500$ at the end of January and ever since them, I just keep making money on that fund. At the date of January 22, I had 501.75$; January 23: 502.38$; January 28: 518.22$; February 1st: 505.94$; and February 15: 523.54$. In less than 2 months, I made 23.54$ with the fund, which is very good, considering the market crisis we are currently on.

Things are not so bad, but I still didn’t recover from the money lost in January. I had lost the amount of the initial investment for many funds.

I just keep thinking of what would have happen if only I could have invest about 10 000$ or more in the CIBC Emerging Markets Index Fund, instead of 500$. I would have made 470.20$. And than I keep thinking of why didn’t I invest more…. One thing I would like to do is to invest 10 000$ a little bit around, keep the money in the fund for the minimal period without getting any penalties, which is I believe 60 or 90 days, but I will have to verify that, and than, as soon as I begin to make money in the fund, sale my parts, all of them, and continue like that to invest for short period only… If I want to invest that way, I know I will probably tell to buy stocks and sell them whenever I want, but I still prefer mutual funds at this time.

When it will get to point where I will notice I have a lot of money, which will probably be when I will reach my first 50 000$, I than probably buy my first stocks. I don’t know how to proceed to buy and sell stocks.

I hit the magic 1 000$ on my pay check....

I work 100 hours in 2 weeks, but it had worth it, I just receive a little bit more than 1 000$ as pay and I really appreciate it. I am going to be able to pay 1 000$ on my credit card. After what I will only have left 1 300$ to pay. I plan to pay another 1 000$ next month, and the other month, 300$. In another 2 months, I will be done with this credit card debt. Finally!

I could pay it all immediately, but for security reason, I prefer to pay a little by little. And a 2 months basis is a good schedule. After what the next money will be put for RRSP.

I just refresh a little bit my blog. I believe it look better this way rather than the all pink blog.

RRSP nightmare

I just get through my papers for 2007 tax. I was scared that I put too much in RRSP.... The maximum I was able to put in my RRSP was 5 712$ for 2007....... I almost stop breathing yesterday when I went to get my mails.... I get a receipt for 2007 RRSP coming from London Life. I totally forgot that my late employer was putting money in my RRSP. I was with that employer until June 2007... Anyway, I totally forget about that one.

What I had in mind for my RRSP was to put 5 000$ in it. And I taught that I had put that about in so far... So when came that letter yesterday of 1 137.78$ that had been put from my late employer in my 2007 RRSP, I was shocked and I was really scared that I pass out the 5 712$ that I am eligible to put in for 2007.

I calculate and calculate again......

London Life: 1 137.78$
Canada Trust: 1 500$
CIBC: 1 000$
RBC: 1 500$
Desjardins: 500$

TOTAL: 5 637.78$

It was a short one... Since the advisors of the bank where I went to give my RRSP papers immediately after doing the transaction, if it's not of Caisse Desjardins, because I don't have an account in one of Montreal Desjardins Bank, I believe I am ok for this year, but it was a short one....... I was so sure that I already put in 5 000$ in my 2007 RRSP for whatever reason... But I know I only put 500$ at Desjardins because I can see it online, via my bank account.

If I would have passed out the 5 712$, I don't know what I would have done... Anyway, enough is enough. I have been working so hard, I don't even remember how much I have put where. In previous post, I was saying that it was 2 500$ that I had invested, in 2 separate times... I just corrected those posts. First time it was 2 500$, second time less..... But I don't want to calculate, I mess up so much around, it's hilarious.

I am so bad with the numbers and I am so tired of the 2007 taxes thing. I can wait it will be all done. I was off yesterday and I took time to place my papers in order so it will be easier when it will come time to see someone to do my taxes for me.

But I didn't receive all my taxes paper. I am missing 2 from employers, one from government because I receive a little tiny 300$ and something for the unemployed insurance and one from Desjardins, for the mutual fund I have, non RRSP. So I cannot do anything now. I also have to remember my banks paper from ING Direct and Desjardins.... what a nightmare lol.... I was all confused yesterday and I had one of those hard times...

I can't imagine what is like to be a millionaire and doing taxes. I already have so many problems to get through my little life the way it is right now. In my fifty, I am going to have a lot of fun. The problem will be that there will be money under my name all over the place, and if it's difficult now, what it will be in about 30 years... lol

Anyway, for good news, I receive the paper coming from RBC regarding the non RRSP mutual funds I have with them. I made around 700$ with those mutual funds, which is really good, but unfortunately, I just lost that money in January, with the crash we had.... The only place I didn't lost money is with a placement I did in 2005, at Desjardins, with my super Fidelity Frontière Nord.

Now that I am completely done with RRSP and that things don't look to good regarding mutual funds, I prefer to wait a little before investing again and I prefer to get off credit card debt, like I previously post about. Since I have more than 8 000$ in regular savings, plus non RRSP investments, the best thing I can do for now is pay out debt.

I receive by pay check today after midnight and I really hope to be able to get the famous 1 000$ pay check after taxes, for 2 weeks of work. I already pay all my expenses for February, and I was planning to give the totality of the pay check to pay off that credit card debt of mine. On that 2 000$ and something, I pay 17$ in interest, which irritated me. And knowing I am currently making no money from my investments right now, the best thing to do is to pay off that debts I believe, especially the credit card debt.

I didn't find a second job yet. I plan to get one, but I didn't do major searches. I am at a cafe right now and I am searching for job. I get some kind of tired and confused for now so I plan to search more seriously at the beginning of March, maybe earlier, but it's difficult for me at this time.

My projects for 2008

Now that I am done with the 2007 RRSP contribution, I have other project I am thinking about, like paying that 2 000$ and something debt that I have in credit card and finding a second job. I have been able to get a regular schedule at work, so now it's going to be easier for me to find a part-time job.

I had previously found a part-time job, but at the time, my schedule at my first job was changing week from week. So the employer told me to contact him once my schedule get more regular, because he was only able to give a fix work schedule and once he gave a work schedule, that one is the one their employees have for 3 months. Anyway, once I got my work schedule fix, I gave him a call, but he told me he had all the staff he needed...

So now, I don't have a part-time job, only a regular work schedule. I continue my search for a part-time job, which it shouldn't be to hard to find I believe. But I am currently sick with a cold. I sleep in for most part of the day. I take a look at the performance of my funds, and I was surprise to see that everything had went up up up. I didn't completely recover from my lost, but it's a good start.

I finally got what I wanted with TD

I went back to TD yesterday. I finally was able to get the funds that I wanted. I invest 100$ in each of them, except for one, in which I invest 200$. I was really happy. And after what, I went to work. So in date of today, I am done with my 2007 RRSP and I am quiet tired, running all over the places for my investments. I got a cold and I have been sick. It's the reason why I wasn't happy at all when the advisor told me I will have to come back on yesterday for my mutual funds. But my hard time is finally over.

I believe I have made great choices. I invest in a mix of GIC and mutual funds. I didn't want to put everything in mutual funds. I wanted to have money put in risk free investment because I don't benefit of a pension plan of any employers. And since I also have money put in mutual funds as non RRSP investment, I wanted to put money in a capital guarantee type investment.

Last year, I try segregated fund with Manuvie. 2 of my segregated fund (on 5) had made well. I had invested in those because a couple of them are 100% risk free investment, other 75%. I was anxious last year about putting money in mutual funds for my RRSP, but not anymore, since I now understand more what it's all about.

About my experience with TD

I went to TD in other to place 1 500$ I have rest to invest in my RRSP. The girl I got as an advisor didn't let me buy the mutual funds I wanted. It's the first time ever I am getting that much trouble to invest in mutual funds. I now have more experience investing in mutual funds and I understand the risk and what I can lose. My profile was aggressive, since I have a high tolerance of risk.

She wanted me to put money in one of their portfolio who had a return, since date of creation, of 5 or 7%. That what she had to offer to me as growth portfolio. She didn't want me to invest in the mutual funds of my choice. She told me she would have to ask if I can possibly to so, and I have an appointment with her tomorrow morning. Usually, I do extra hours at work, I arrive always earlier. But tomorrow, I won't be able to do so because I need to deal with the most incompetent advisor of TD bank.

I wanted to invest in the mutual funds I had selected (see below post), but she didn't want. She was sticking to the idea of putting my valuable money in one of her placement idea. Maybe she get a higher commission if she sales a portfolio. Anyway, if it's happen that the poor girl doesn't let me do what I want to do with my money, I am going to complaint.

I had present to her my list of funds, saying I wanted to invest 100$ in each of them. I told her I understand if I am not able to get them all, that just a couple of them would make my happy. Anyway, she could had make the call for me immediately, but the jerk didn't want to.

I ask her if it was the TD U.S. Mid-Cap Growth ($US) or the one in Canadian $ that had receive an investment award. She wasn't able to tell. Isn't hilarious, an advisor who doesn't even know which of her fund had win an award....

I had a similar experience with a TD advisor from Gatineau (QC). The advisor there didn't want me to invest in mutual funds.

I had a credit line and a visa with TD, and next thing I do on Monday morning is I go paying the little money that I have in there and after what I will close the credit line and Visa that I have at TD.

TD suck, and I don't recommend them to anyone.

I got a lot more service at CIBC and RBC, Caisse Desjardins also.

I understand I am a small investor, but I have another 2 or 3 thousands I would like to put my money in, but TD won't get any more money from me. I feel release, I have enough of TD.

I rock.