Everything is fine with Sprott Inc. (SII)

I actually call TD Waterhouse, asking them why I didn't received a DRIP from my dividend. My problem was that I was supposed to received the Sprott Inc. (SII) dividend in form of a DRIP, in order to acquire new stocks. But instead, I had received the whole dividend (12.57$ exactly lol) in cash. So I call TD Waterhouse once this weekend - but they couldn't help because of the weekend so I call back yesterday and I was told it should had probably put in a DRIP, but didn't... So I was all f*** up as you can imagine. But not later than this morning, what did I see... tadammmmm 2 brand new stocks of Sprott Inc. (SII) in my portfolio yeah! There you go. It was pretty easy to deal with TD Waterhouse regarding this situation, but I had to control myself not to start screeming at them... :)

So I was all wrong, Sprott Inc (SII) is definitely a good company and they are not s******. I am one, but not them... :))))))))))))))))

I had purchased yesterday 300 units of ENF.UN - Enbridge Income Fund and guess what, the investment increase of 75$ or so in one day.... Some got it and some doesn't lol

I place an order to purchase 300 units of Enbridge Income Fund

Yesterday, I took more than 3 500$ from my credit line and transfer the fund into my broker account and... I place an order to purchase 300 units of Enbridge Income Fund. My max price is 12$... So I am pretty happy with this purchase. After what, I won't invest again until next year.. So let's say my portfolio is now close and complete for 2009.

No news for Sprott Inc. (SII)

I don't know what's going on with Sprott Inc. (SII). I call TD Waterhouse, but I was told to call on Monday to find out what's going on, so verification can be made. But from my point of view, it's appear clearly: Sprott Inc. (SII) had canceled their DRIP program without letting know their shareholders. It's appear to be almost impossible that an error occur at TD Waterhouse since all data, DRIP, non-DRIP are being treated via their informatic system. So my Sprott Inc. dividend didn't DRIP because the DRIP program had been cancel by those f****** lol. Guess I won't be purchasing any Sprott mutual funds and/or any of their stocks anytime soon. I just cannot wait for their stocks to increase to the old 9$ so I can eventually sale all of my stocks and also, I want to sell my Sprott Canadian Equity mutual funds. The fund s*** just like managers are, s******. Got it? :))))

Lazy Sunday

I am having problems with Sprott

I didn’t find yet what’s going on with my Sprott dividend as I just wake up… Let’s say it’s an easy Sunday. But as soon as go outside, I am going to call TD Waterhouse, to ask what’s going on. I also have to make sure my DRIP is still on for all of my other investments. Remember what I said about the DRIP last time? It’s allowing me to earn an extra 100$ (more on less) directly from my investment portfolio.

Derek Foster fourth book: Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor a review by My First 50 000$

Yesterday was an easy day and I didn’t do much. Right now, I am just in need of time where I don’t do anything. I had purchased Derek Foster latest book: Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor. At first, the title sound weird at first for me, Derek Foster wasn’t a millionaire, but with his house which is mortgage free and his car, well, Derek Foster IS a millionaire. The title is catchy and funny. I had purchased Derek Foster book at Chapters on St-Catherine St. There’s still a couple of Derek Foster books waiting for you lol. I get through the reading of Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor easily. This one is easier than the Money for Nothing, which, I had to admit, didn’t understand too much. But as Derek Foster explains himself, Money for Nothing is more for sophistical investors, which I am truly not lol. So I prefer to stick to the basic and with things I can understand. Right now, a thing that I don’t understand is my Sprott dividends… And I am going to find out in a couple of minutes.

The reading of Stop working too, you still can!: safe beginner strategies from Canada’s millionaire investor was very funny for me because there’s a pat where Derek talk about banks and it make me laugh because well, I am now working for a bank lol.

Derek Foster had started a new project earlier this month: newsletters. There have been 2 so far, interesting as always published on his web site: stopworking.ca. Very nice and I think it’s good for him. So far, Derek Foster was making a great contribution on Canadian Business forum. So it’s good he gets to work a bit more for himself than for other and get a place where he can write over the Internet without being judge or attack.

There just one little thing I don’t understand about Derek Foster: where in the world are his Google AdSense ads?

As always at the end of his book, Derek presents an update of his portfolio. I made a lot of cash on Pembina Pipeline Income Fund (PIF.UN). And I first purchase Pembina Pipeline Income Fund (PIF.UN) because it was from Derek Foster portfolio. I had more than 3 000$ available to invest on my credit line. As you know, I wanted to invest in Brookfield Renewable Power Fund (BRC.UN) for a very long time. Earlier this week, I wanted to invest in 200 units of Brookfield Renewable Power Fund but I had to say, I wasn’t so sure of the pick and well, I didn’t invest in BRC.UN. While looking at Derek Foster portfolio update, I take a look and I find out that Derek was investing in Enbridge – put in their unit fund. So I guess I will be placing an order for 300 units of Enbridge Income Fund. But will place the order later on this evening, after calling TD Waterhouse.

Investing using my TD credit line: why do I do so? I love leverage

My 5 000$ loan at 8% with TD credit line require a minimum payment of 150$, which I can easily afford at this time with my 2 jobs. The other credit line I have at my job (at a super low interest rate) require a minimum of 100$. I can afford those payments. I am using leverage – but I only using what I can afford to pay.

Those it worth it? For me, the answer is yes, because the dividend covers the payment of the interest and it worth it all the way because my dividend are being reinvested. Reading Derek Foster fourth book just boost my confidence is the market.

About my latest investment and their dividend:

Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.90$ (yearly dividend) = 290$
Enbridge Income Fund: 300 units x 1.15$ = 345$

290$ + 345$ = 635$

5 000$ at an interest rate of 8% = 400$ in interest

635$ - 400$ = 235$

I win 235$ in free money by using leverage. I will definitely place an order to purchase 300 units of Enbridge Income Fund. Units of Enbridge are cheaper than the real deal – Enbridge stocks (ENB). ENB stocks are at more than 40$ per stock… Can I afford it? The answer is no…. lol.

In conclusion for now

For now, I am going to call TD Waterhouse to find out what’s going on with Sprott and also, I am going to read my banking stuff at a café. And later on, I will place my order for 300 units of Enbridge Income Fund.

What’s going on with Sprott dividend?

So far, I had received Sprott dividend for its company Sprott Inc. (SII) without any problem. Just now, after giving a quick look to my very awesome stocks and units portfolio lolllllll, I just saw something new: my Sprott dividends were in. A little but very welcome 12.57$. No problem there. Extra cash is always welcome. But, the only problem is that I received the whole 12.57$ in cash. No dividend had been reinvested. How come?

Last time, my dividend of Sprott were reinvested, which allow be to get new Sprott stocks. But this time, the money was there, living in cash in my broker account. Maybe would they be reinvested on Monday? I really don’t know, but the whole thing is very strange. All of my dividend are being reinvested and a 12.57$ would had normally let me earn 3 extra stocks of Sprott. Could me that the DRIP program had been cancel by Sprott Inc. (SII)? I have to call TD Waterhouse tomorrow. I could call them now, but it’s cold outside and to tell the true, I am some kind of tired, even if I wake up late in the afternoon. My 9AM to midnight schedule is killing me.

I guess it’s possible. But in this case, as soon as the stock price of Sprott increase to the old 9$, I will be selling all of them. That’s for sure. I cannot talk for now since I don’t really know what’s going on but if Sprott cancel its DRIP plan without my authorization, it’s not going to be pretty at all lolll. I am in fire.

Money, dividend and life

I finish my evening job ealier today, as I ask to leave earlier, and I was able to leave early… I took my first calls during the afternoon at the new job I have on today, and it was quite of a challenge. It’s not easy at all for me. For now, everything is fine, I pass my third exam. They are not always very kind at my new job, but I don’t bother that much. My expectations were not very high since I am in Quebec. Sometimes, just a little something splash in my face and remind me that, yeahhh I am in Quebec, in a « country » where foreign doctors had to become taxi drivers to make their living and where idiots like Brian Mulroney and Henri-Paul Rousseau get easily forgive for their wrong actions… Bunch of juicy details righ here lol.With my 2 jobs, money is good, my portfolio is doing well. Basicly for the year 2009 so far, I had reached all of my investment goal. I had reached my first 50 000$ in assets and I had reached the equivalent of 200$ per month in dividend income. Next step will be to work on paying up some debts, while continuing to increase my portfolio from time to time. I also want to put some money aside in my ING Direct account. So many things going on. Everything seem to be possible. I find out about Derek Foster fourth book just recently and I plan to purchase it this weekend. Cannot wait to find out about new tricks on how to become a millionnaire :))))