My investment portfolio in date of October 10, 2009

Savings:
2.69$ (ING Direct)

Non RRSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 270$
Timminco (TIM): 258$
Blue Note Mining (BNT): 56$
Bank of Nova Scotia (BNS): 4 868$
Hanwei Energy Services (HE): 243$
Methanex Corporation (MX): 2 013$
Fortis (FTS): 2 622$
Pembina Pipeline Income Fund (PIF.UN): 6 107$
Just Energy Income Fund (JE.UN): 5 616$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 270$
TOTAL: 26 519$

Mutual funds (outside RRSP)
Sprott Canadian Equity Fund: 4 588$

Tax-free savings account
RBC O'Shaughnessy Canadian Equity Fund:
2 473.86$
Creststreet Alternative Energy Fund: 1 170$
TOTAL: 3 643.86$

RRSP:
CIBC Dividend Fund: 478.44$
CIBC Emerging Markets Index Fund: 456.69$
CIBC Monthly Income Fund: 951.39$

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

GIC National Bank: 1 098.49$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 109.05$
TD Monthly Income: 98.87$
TD Emerging Markets: 78.47$
TD Energy: 81.11$
TD Precious Metals: 97.58$
TD Latin American Growth: 91.62$
TD Entertainment & Communications: 95.73$
TD Dividend Growth: 186.68$
TD U.S. Mid-Cap Growth: 91.94$

Maritime Life International Equity Fund (Templeton):
660.47$
Manulife Simplicity Growth Portfolio: 827.03$
Maritime Life CI Harbour Seg Fund: 988.14$
Maritime Life Fidelity True North Seg Fund: 929.15$
Maritime Life Trimark Europlus Seg Fund: 589.65$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 480.53$
RBC U.S. Mid-Cap Equity Fund C$: 1 674.91$
RBC Global Resources Fund: 781.78$
RBC O'Shaughnessy International Equity Fund:
644.26$
RBC O'Shaughnessy All-Canadian Equity
Fund: 913.37$
GIC Canadian Market: 1 000$

TOTAL: 18 002.65$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (37.17$):
52 833.37$
[In date of October 10, 2009]

BA.UN, exams and other stuff

This week pass by quickly. So far at my new job, I got one quiz and 2 exams. I didn’t pass the quiz (which didn’t count), but I pass the 2 exams, which I was very happy. But there are 2 more to come… And by the end of next week, we will take our first calls… I hope it will go ok because right now, with the combination of the 2 jobs I have right now, my old evening job and this new one, I am making more than 3 000$ after taxes, which allow me to do a lot of things.

As I wrote previously, I pay off one of my student loan debt. The debt was of 1 087$. On Monday, I had received my new credit line with the bank I am working for. I use that credit line to pay my TD credit line. For about 4 days, there’s been no activity on my TD credit line lol. But it didn’t last for long. Yesterday, I purchase 100 units of Bell Aliant Regional Communications Income Fund (BA.UN) as, let’s say, a Christmas gift from me to me… BA.UN is not cheap. I took 2 729$ from my TD credit line to pay for the investment. BA.UN dividend payments are interesting. BA.UN yearly dividend is of 2.94$ per unit. My TD credit line is at an interest rate of 8%. 2 729$ at 8% make 218.32$ in yearly interest. And my BA.UN investment provides me an income of 294$, which is more than the cost of my interest on my TD credit line… This is actually a principle that Derek Foster cover in one of his book. Nice, but I still need to make the minimum payment on those loans! Anyway, for now, I can afford. If something would happen, I could always sell my investments… But so far, it’s seemed to go well.

The 60 hours per 2 weeks that I am doing at my evening job gave me 650$ after taxes. I was pretty happy when I saw the amount of my pay. I can basically afford my living with that job alone. All the other money I make can be spend at whatever I want. And what I truly want right now is to extend my investment portfolio. And right now, everything seem to be align in a way I can achieve my goal

This weekend is going to be a relax one. Like always, I am going to review my banking stuff lol, but I cannot wait to take pictures all over the place with my new digital camera… I didn’t got the chance to try it yet. It’s going to be fun. Also have to update my portfolio (what you see at the right column), but I am just too tired to do it right now.

My order to buy 100 units of Bell Aliant Regional Communications Income Fund

This week was really fantastic. I pay my little student loan (the amount was of 1 087$, which is now pay off). I also pay my TD credit line with the money I had receive from my credit line at a very low interest. But I couldn't help it, I just place an order to purchase 100 units of Bell Aliant Regional Communications Income Fund (BA.UN), at the maximum price of 28$... FINALLY!!!! I wanted to own some BA.UN for so long!!!! Their dividend is so fantastic! 2.9004$ per year per unit!

I wanted to stay at 0$ on my TD credit line, but I wanted to extend my stocks and units portfolio, and I could'nt wait. I wanted to purchase some Bell Aliant Regional Communications Income Fund for a very long time now, and this seem to be the perfect occasion. I calculate roughly, and I should earn around 2 500$ in dividend for the year 2010... Which make my 200$ per month I wanted to achieve and which make now more than 55 000$ in assets, and just a little bit of debt...

I just can't wait for the weekend to come, I really want to calculate how my investments worth now. A TSX at more than 11 600 points, isn't great? IT HAVE to remain the same until the weekend!!!

Busy-busy week

I had many things this week with my training for this new job I have and also the exam I got.. I pass the exam! By looking at my mistakes, I think there’s some stuff I taught I had understood but didn’t understand… So I guess I will read again banking stuff this weekend… Time goes by too quickly and things are getting pretty rough. Very difficult to follow a training, study for it, work 30 hours on top of that at my regular evening job… But money really worth it.

I also transfer money into my banking account in order to pay off one my student loan, at 1 087$... I am almost done with this, I only need to contact my Caisse on Monday to get the payment done and completed.

So far so good, I pass the exam, I continue the training. I might open an account with them in order to trade online very soon.

I received my Just Energy Income Fund (JE.UN) for the month of October. I now own 3 new units of JE.UN. Very nice. I am now at 408 units… Nothing extraordinary yet, but my portfolio slowly taking form and I am always amaze when I received my dividend. Currently, my stocks and units portfolio is at 26 725$, an increase of 206$ compare to October 10th… A little increase is better than nothing at all…

I got the loan, but failed my first quiz

I don’t have any training tomorrow; which is perfectly fine with me. I have so much to do, excluding studying. And surprise, my credit line of 5 000$ at a super low interest had been approved! Today, I provided some proof of incomes. But my credit line is not open yet as I had to take an appointment. By Friday, my credit line at TD will be all pay off, I won’t have to pay the regular TD interest rate of 8%. So I am quite happy with that part. I also ask a question of what will happen if I loose my job at the bank (which is not TD by the way lol), if the interest rate will remain the same, super low? And I was told yes, over the phone… But I would be quite surprise if it would be the case… Anyway, I don’t really mind for now. It make a lot of things to do for me to do at the same time and at a point, I won’t be very sad if I got fired because I had failed the exam or what so ever. Of course I will do my best not to fail, but I mean, if I fail, I won’t be too sad, because I miss my free time, I miss getting up late, drinking coffee late at night, I miss HubPages… Even if I fail, I am pretty happy with all the things I had been able to do. With the pay I will receive this week, I will pay off one of my student loan. After what, I will only have left less than 9 000$ in student loan. For the upcoming months, I would like to pay off some student loan debt, invest in something new for my portfolio, like BRC.UN or EMA, and plan something for my RRSP contribution of 2009. I will probably turn non RRSP investment into RRSP, just like I did last year. But this time, it will be with stocks and units. I have around 10 000$ to invest in RRSP and I will contribute to the maximum into it, in order the save as much as I can on taxes. I have a lot to do and I don’t like too much the training I am following right now because it’s a bit too much of fast food training as everything is being explained quickly and a lot of information is being provided at the same time. Everything is just not fitting well all together and to tell the true, I am not too happy with this. Low salary, great benefit and a training on-the-go. Really not for me. Anyway, I will continue. I am just praying my investment plan will work out and that everything will work out at the end. I really dislike living in the province of Quebec and I just want to escape from here. In God I trust.

Work-work-work, shop-shop-shop

I didn’t blog during the whole week that just pass and at a point, I really wanted to just open my laptop and write up something, but I couldn’t, since I was in training for my new job from 9AM to 5:30PM. After that, I was working at my regular evening job from 6PM to midnight. It’s not as terrible as it can be seen at first sight. I actually went thought this without too much problem. So far so good… The week and the weekend pass way too quickly.

I am getting my first exam next week, just after November 11. Since we are off that day, I will have major part of the day to study. I didn’t work this weekend as I was studying. I also went shopping. I purchased an external DVD player (mine from my laptop just doesn’t want t open anymore, after 5 years of usage). The external DVD player was under 80$.

I purchase a Banana shampoo and conditioner from The Body Shop. You read it right, Banana shampoo and conditioner! Isn’t cool? I just cannot wait to see the result on my hair. My hairs are actually oily. I have to wash my hair every 2 days if not… Its itch, my hair get oily and it’s simply disgusting lol. Tomorrow when I wake up, I will take a shower and try my new Banana shampoo and conditioner.

I also purchase something that I wanted for a really long time now: an external disk drive of 1 TO, which was at 129$. Both items were purchases at Staples. I find Staples a lot cheaper than FutureShop. I already begin to use my external disk drive and it’s allow me to save 1 GB on my laptop so far. I want to save all of my pictured on the external disk drive too eventually and all of my files… Just a lot to do.

And I also purchased, just today actually, a brand new camera! My current digital camera was very old. I purchase a new one, it’s a really cool Kodak EasyShare Z915. It has a 10X optical zoom with optical image stabilization. And the Koday EasyShare Z915 had won the Best-in-Class picture-capture speed! The camera I had before was also from Kodak, so I just wanted to purchase a brand new model of digital camera. I am use to their EasyShare software, and really like it. I just cannot wait to try it. I should be able to do that on this upcoming Wednesday.

I plan to work Saturday the whole day next week if overtime is available. Studying is good, but after a while, all of those banking terms just don’t make any sense after 3 hours of reading. So I read a lot, write a lot… It’s all new and it’s difficult. But even if it’s all new, I apply for a credit line. I just cannot wait to see if I am going to be accepted for it. I should know within the next 2 days. My plan is to use that new credit line (at a very low interest rate that I won’t expose here) to pay off my TD credit line. Would it work or not? I don’t know. But at the salary they are paying, and knowing I have a pretty good credit score, I should be able to get it. Those people now know everything about me! I told the agent who create the request how many credit card I have, how many debts I had and also, how much money I have… So there’s someone out there who actually know that I own more than 50 000$ of my really own money in investments and that’s pretty scary. So if I don’t get the credit line, it’s going to be toooo bad for them, not for me lol. It will be bye bye and I am out of here! LOL!!! But really, if I got refused, I am just going to ask for another consideration and so on. I am going to make them hate me very very much.

Regarding the shopping of this weekend, it all went to by CIBC Visa. And since I had received an offer for a balance transfer coming from TD Visa at an interest rate of less than 5%, guess what will happen very soon? Another balance transfer! I just want to pay off the 6$ left to pay on my TD Visa before…

Just MARVELOUS. This balance transfer should be around 1 500$, including the shopping of this weekend. It’s nice to accumulate investment, pay off debts and stuff, but it’s actually nice to spend some money over stuff I want. But those are not major debts. I currently have 700$ I want to make in deposit to pay part of my student loan. It’s really annoying because I have 2 student loans, from the federal government and the other one from my fantastic province, New Brunswick. So what I want to do, is pay off my provincial student loan, which is only of 1 087.40$. Once completely pay off, I will only have 98$ per month to pay in student loan. Eventually, it will completely be paid off.

I know I should pay the loan with the higher interest first but gees, I am getting tired of that debt, of having 2 student loans to pay each month, one at 65$, the other at 98$. So I am paying off completely the student loan I can pay off. And that’s my provincial student loan. Just a problem: I wanted to pay online 700$ on my student loan, but the ACCES-D system is not allowing me to do so, so I guess I will have to call those really charming people of Desjardins once again… which s***.

I notice that my stocks and units portfolio is at a bit more than 26 600$ right now, which is really great, because I am exceeding the 26 519$ had back on October 10… So I should be around 53 000$ or more right now. Isn’t great?

Let’s say I am taking care of business here, live from Montreal lol.

Until I hit the 150 000$ in investment that will allow me to stop working just like Derek Foster :)))) I will continue working, studying and praying for my loan at a really cheap interest rate to be approve. Does God want this to happen or not?