When the pretty girl next door is an investor and turns the world upside down...

Investments and life and why my life is all about investments… for now

It’s just making be laugh and I actually have a lot of fun just writing stupidities like that one: “my life is all about investments”. Like wow lol. Of course, my life is not only about money but gees I like money. I cannot help it I like cash! And I begin to have a whole bunch of it! LOL!!! I need a good laugh like this one after crying late in the night for what happen yesterday. I couldn’t help it. I am feeling better today, but life won’t be ever the same. Or would it remain unchanged? Life gone on, for myself as I am still alive. But good news today as TSX continues gaining points.

The privilege to be rich

At this time of my life, I am grateful to have almost 50 000$ of my own in investment. And for many reasons. I do consider myself rich even if I hold bunch of debts.

What I like about investing outside an RRSP account is that in case of need, the money can be withdraw quickly and easily. And this make be feel secure and safe. I am not stress by life or should I say, I am less stress in life because I know that in case of bad luck, I have money that is just waiting to be use.

I now almost have 50 000$ (in RRSP and non-RRSP) and for while, since last May actually, I taught wow, that’s a lot of money. 50 000$ is a lot of money and I just don’t remember exactly how I did it lol. Anyway, I really have to work into paying my debts. Forget about the student loan for now, I am talking about real debts, the 4 990$ I have in credit line debt at 8% and the 3 000$ at a special interest rate for a couple of months. Right there, it make around 8 000$ I have in bad debts. The 3 000$ being the most critical one.

Thinking about it, 8 000$ is a lot of money too knowing it’s debts and I should seriously be job seeking because if I plan to be so call financially independent, I have to work on paying on some of those bad debts.

Until now, I was more or less concern about my debts, using my credit line to invest, living happily and investing my money in whatever investment products that I found interesting. I did mistake along the way, I did a bunch of them actually but learn form them. I didn’t fall enough to tell myself I am done with investments, I will never again invest. It’s the opposite that happen… And that’s part of the reason why my TD credit line is... full lol.

I like to diversify my portfolio in a fragmentation of little pieces and all those little pieces are preciously being invested in different investment products. And I could easily add to that that those little investments are like a piece of my soul. And I lost 24% of my soul this year by the way lol.

I lost 24% of my overall investments. This is super great in the following way: I could have lost much more money than that! I had been lucky and unlucky. Lucky because I didn’t lost more than 24%, and unlucky because, well, I lost that 24% lol.

But as I previously wrote in a previous post, no lost is official until the investment being sold right? So guess what, I didn’t lose any money yet because I haven’t sold any of my investments. I actually never sold any of my investments. Just this trick I am trying to do with Dumont Nickel (DNI). But it’s about all. I won’t become a huge penny stocks trader I believe – I begin to hate penny stocks!

I lost most of my money in Timminco (TIM), Sprott Inc. (SII) and 2 mutual funds. Lessons learn: diversify diversify diversify! I had invest more than 7 000$ in Sprott big mutual fund star and it was way too much at the same place! But I learn my lessons and I will no longer invest more than 5 000$ on the same spot. From my point of view multiple investments = lower risks. I am 28 years old and I already understood – a while ago – this simple rule. But seem like those who where consider as Quebec’s best investor like that awful man at the name of Henri-Paul Rousseau haven’t an idea on how to invest or have follow their investments class in … Quebec lol. I am not saying I have the best way, but gees, I only had lost 24% value and this well, again, from my point of view, almost make me a genius. And I should have more than just 3 readers register in my FeedBurner. Like come on… lol… Seem like in Canada, well from my point of view always, it’s in Quebec that we find the biggest losers, impostors of all time. Best investors come from New Brunswick. Of course. Small investor do not need the help of the Caisse de dépôt et placement du Québec to make money out of the stocks business. The institution should just close their doors. I won’t ever invest through the Caisse de dépôt et placement du Québec. After loosing millions of dollars, the institution should just close their doors. I don’t trust Quebeckers and it’s part of the reason why my banking account still and will remain in Ontario. Quebec is such a shame.

Anyway, I strongly believe in this diversification strategy and you can see by how much I diversify my portfolio that I truly believe in this diversification rule to which I stick to.

This is just how great my life is with investments and without the Caisse de dépôt et placement du Québec.

Now, I need to find a day-time job, get more organize for once in my life, and pay off some of my horrible debts. I also have to make valuable gain from some of my investments in order to recover from my 24% soul lost. The easy way: it will be to invest 5 000$ in the Creststreet Alternative Energy Fund – class A. I already make 100$ from that fund, for an initial investment of 1 000$. The 5 000$ could be consider as a one year investment. What I need to recover from my lost is… more money!

An angel is now in heaven

Today had been a sad day.

Two beautiful superstars had died on the same day. But I was very sad for the death of Michael Jackson. Something was not going right at all with his comeback. It’s been said that he was on an ongoing physical training and all that. But I remember, just a few months ago, there’s been pictured revealed where we could see Michael Jackson in a wheelchair, followed by his children. On those pictures, he was wearing a chirurgical mask and he was looking skinny. His skin was also very white. How come a few months after it’s been announced a big comeback with several shows in London and how come he had been set on an ongoing physical training? So many questions remain without any answers. And it is so dramatic.

Maybe this comeback was representing too much work and maybe it had caused his heart failure. It was also said that he was suffering from skin cancer. Regarding his physical training, I read somewhere over the Internet that Michael Jackson had been see healthy enough to follow a physical training. But what if it wouldn’t be the case? Was there anyone to take care of him? What went wrong? I just don’t understand.

Overtime is… death

The good news of yesterday regarding my overtime at work didn’t last for long. I did 4 hours extra at work today since overtime was available. But later on during the day, we were advice not to do more than 40 hours weekly… How annoying!

Seem like I will have to begin a serious job searching. What I was desperately trying to avoid didn’t last for long.

My situation won’t get any better until I begin job searching. A good reason for job searching: my debts!

My debt situation:

TD Visa: 2 999.97$
Credit line TD: 4 989.19$
RBC Visa: 251.55$
Student loan: 10 627.99$
AE: $51.72
TOTAL: 18 920.42$

Until that time, I am looking forward to watch my expenses and live on a budget. Which I was doing more or less these last couple of days.

Minimum require:

Visa TD: 26$
Credit line TD: +-60$
Rent: 535$
Student loan: 165$
AE: 10$
Internet: +-35$
Food and other: 300$

TOTAL: 1 131$

I make 720$ bi-weekly after taxes from my evening shift, not much, but it’s more than I need to cover my basic need. It’s make an extra 309$ to pay off on my debts. But 309$ is not enough to pay off my debts. The only solution: job searching! Which I have to begin tomorrow. If not, live is going to be rough and miserable, no more investment, no more shopping, no more big payments for my debts.

When overtime = good news = $$$

I just received my new driver license on today. I am only missing my health card now. Something incredible happen today at my evening job: overtime is now available! It’s since last Friday actually. But at first, I taught it was only for that weekend. There was some overtime available today too…and there will be some tomorrow… I am quite happy with it! Part of my money problems will be resolve.

Tomorrow, I plan to begin at 12pm. It will make a 12pm to 12am… But when money is needed, where could I possibly stop? I am just not in a job searching mood right now so I plan to do as much overtime as I can. Today went extremely well but we were receiving calls like crazy… This overtime news is very good but in order to do some I have to arrive at lunch time because if I arrived later, there will be no station available.

Anyway, I cannot wait for tomorrow. I would like to earn 2 000$ from that job for the month of July. I had reach 5 000$ on my credit line. I would like to pay off some of it and also my TD Visa, where I have 3 000$ at a smaller interest rate. I have about 5 or 4 months left. I would like to make a deposit of at least 1 000$ on my debts each month. My the end of the summer, I could at least clear of the TD Visa debt card. I don’t like to have this credit card debt. But back than, I didn’t have any solution, I had to pay 3 000$ extra in taxes. But I am so lucky in my bad lucks. I was able to get the loan at smaller interest rate.

I didn’t forget about my dividend goal. But I prefer to pay off some debts for now and will see if I can manage it all at the end.

Horrible Monday for the TSX... and me!

I taught we were on the road for recovery, but once again, TSX lost more than 300 points and is currently under 10 000 points. Very awful. I won’t be able to hit the 50 000$ value in investments if TSX keep falling like that. Anyway, life goes on. I was feeling tired this morning so I just slept in. Not that my weekend was that exhausting. This weekend was horrible at work because of a lack of numbers. No one wanted to answer the survey. And I don’t want to burn myself on stupidly like job searching lol. I am in a position where I can choose and at the same time, not... lol. But I know my problem.

Usually, I am full of energy; I can work and work and work. Money $$$ like crazy in my banking account. But now, nothing is working for me. And this morning, after seeing the TSX falling again, it makes me feel kind of sick. I should be stronger by now. It’s not the first time I am seeing the TSX losing points. But I cannot help it, each time the TSX fall, it make me feel bad. Sad for myself and my investments. And especially now, I taught it was going to be fine…

And check this out, yesterday for lunch, I wanted to go to the restaurant. Once there, my TD card, which only holds my credit line, had been refused! I had reached the limit! I have around 47$ in cash in my TD Waterhouse broker account. I just transfer 10$ on my TD credit line this morning. I don’t like when my limit is almost reach. My latest investment, 23 000 stocks of Dumont Nickel (DNI) really took it off! But at least the value of the investment remains stable at 3 cents. Dumont Nickel rock lol!

I should be able to do more things tomorrow. For now, I still have my evening job and, good news, some overtime was available this last Friday and also for this weekend. I love the stability of that job. At least one thing is doing fine.

At the end, I should be able to make things work out.

My week in review

This week was not super productive, but I guess I did some stuff a bit. I just find one job at 10$ per hour. They call me for their evening shift, but I am not available for now. And nothing for the day-time for now I was told. They were supposed to have something going on this weekend, but I haven’t been called. And I haven’t called either. Anyway, I am working this weekend at my usual weekend job.

My experience with penny stocks: Dumont Nickel (DNI)

I try to make money from penny stocks this week but it didn’t work out yet. But I am not in a hurry for money. And I am not in a hurry to sale Dumont Nickel anymore. Currently, I have a sale order at 0.04 cents, but I might modify it for 0.05 cents maybe on Monday or so. For me, Dumont Nickel had potential. Dumont Nickel own different mines in Canada and the US. It’s not like Blue Note Mining who only had one mine in Caribou (New Brunswick). Dumont Nickel price had fall to 0.025 cents today. And as always, no change for Blue Note Mining who remains at 0.01 cent… I am also looking into Stem Cell Therapeutics Corp (SSS) and also SIRIT Inc. (SI).

I am happy with my 23 000 stocks acquisition of Dumont Nickel. It’s actually the only positive thing I accomplish this week. As for the job searching, I need to invest myself in it a bit more.