What’s going on? Steve Martin is about to leave Creststreet Asset Management Ltd.

Fellow readers know my admiration for Steve Martin and the extraordinary Creststreet Alternative Energy Fund. What Robert Toole had done to Steve Martin in order to make him leave his firm? It’s seem to be a mystery. This sound so like when Jean-François Tardif left the firm of a guy name Eric Sprott… Might be some s*** going on, that for sure. And now, time for investors to show their support and sell Creststreet Alternative Energy Fund. Why? Because I am pretty sure that Robert Toole or someone from Creststreet Asset Management Ltd. might had done something to Steve Martin.

Steve Martin was managing the Creststreet Alternative Energy Fund for quite some time and his profile wasn’t from the Creststreet Asset Management Ltd Web site. A few months ago only, Steve Martin profile had been add to Creststreet Asset Management Ltd Web site. I notice that and of course, I write down the ino right here on my very own blog. So now, let’s all support Steve Martin and sell the Creststreet Alternative Energy Fund because Steve Martin was the “guy” behind Creststreet Alternative Energy Fund success. I just hope Steve Martin won’t go work for Sprott Asset Management. That would be very horrible... Jean-François Tardif and Steve Martin should get together and open their own investment firm. That's a real good idea!

Seem like I am not the only one who got laid off recently! Coincidence? No! It's destiny! lol.

Let's get physical with Eric Sprott: the Sprott Physical Gold Trust

I know, the title of this post is just so hilarious! Taught that I was going to lay down in depression after getting laid off from XXX? Well, surprise, my sense of humor just got deeper, cleaner and... deeper. Before talking about XXX, let's get a bit closer to Eric Sprott... not to say it again.... let's get physical with Eric Sprott... lol!!!

Ok, so that dear Eric Sprott of mine just copy one of his very own competitors (Claymore Investments Inc. not to name them) and instead of focusing on his Sprott Canadian Equity Fund, well, the guy - let's name him again - Eric Sprott – well, Eric Sprott decide to take advantage of small people - once again - and then, the guy - Eric Sprott (again, and again and again lol...) decide to start a new thing. Just like I am moving on from XXX and starting something new, seem like Eric Sprott moving forward himself too. Eric Sprott and his team got deeper and deeper into gold, and I believe someone might had told Eric Sprott: let’s do it like Claymore Investments Inc. – just like I am trying to “do it” like Derek Foster lol. And there we go, here come a brand new financial product: Sprott Physical Gold Trust. Sprott and Physical, are just 2 words that match very well together lol.

Well, I have to say, Eric Sprott is somewhat brilliant. Gold is his thing and at 10$ per unit, I would very much to get in into his new thing, but now that I got laid off from XXX, its going to be difficult, but I like things like that, I like it when its difficult.. And my relation, physical or not, with Eric Sprott is difficult. Also. lol :)

For more info, you can read my previous post about Eric Sprott: Derek Foster vs Eric Sprott: who's the best investor?

The Dividend Girl on HubPages

I had been an active on HubPages since last summer. Since that time, I had wrote 50 articles on HubPages. Those HubPages articles greatly help to increase my Google AdSense profit. In my latest article, I describe my journey for financial freedom:How to win big on the stock market: learn and earn big from my stock investing methods

I had wrote a couple of finance-related articles on HubPages. Here they are:
Make money from penny stocks trading with Timothy Sykes
Make money from quick and easy trading: penny stocks
Is it a good time to invest in the stock market?
Consolidate debts: use credit card balance transfer for your own interest
Horror stories with financial advisors
The power of a dividend reinvestment plan (DRIP) on an investment portfolio
Credit card or credit line: which one should you choose?

My precious saving money tips:
My best saving tips that can help you save money

Do I like the guy or not? A little something more about… Derek Foster:
Stop Working: learn how you can with Derek Foster

Another retired-early dude:

Retirement made easy with Ernie Zelinski

About financial criminals: Bertram Earl Jones and Stevens Demers:
The mystery surrounding Bertram Earl Jones: another financial scandal?
The mystery surrounding Bertram Earl Jones: another financial scandal? Part 2
Stevens Demers author of a financial crime of $10 million

He’s not a criminal yet, but he’s a bastard:
From hockey player bastard to superficial pop singer: portrait of Jonathan Roy

Like Tim Hortons? Me too:

Tim Hortons, best Canadian coffee getting exported to New York City

If you like indie music, I strongly suggest the following articles:

Punk rock band The Measure (Strictly Analog)

Meet The Defending Champions, underground indie band

Meet The Botticellis, indie band of San Francisco

Karolina Stenström alias Steso Songs, magical artist from Sweden

Sneakers and Soul: Upcoming indie film

Proud Simon, Americana US band

The Music from the heart of Peter Broderick

Palmyra, indie-rock band from Brooklyn

They are pale, they are young, they are gentlemen: the Pale Young Gentlemen

Noble Three, underground indie pop sensation with a lot of vibe

Mathias Hatleskog Tjønn from Olso Norway to New York City

Indie red hair beauty Lindsay Katt debut album Picking Out Boxes

Béatrice Martin alias Cœur de Pirate: underground indie artist

The Honey of Brooke Waggoner: Heal for the Honey, first album

A Canadian icon, Shania Twain:

Shania Twain to be judge on American Idol

Because recession also hurt celebrities:

Pamela Anderson getting a taste of recession: construction debts hunting sweet scarlet

An article about Canadian writer Natalie McLennan:

From top New York escort girl to writer: the story of Natalie McLennan

Writer Nelly Arcan RIP:

Isabelle Fortier alias Nelly Arcan (1973-2009)

Portrait of journalist Nadia Fezzani:

Portrait of a journalist specialized in serial crimes and serial killers: Nadia Fezzani

I like Julie Payette:

Julie Payette: first Canadian female astronaut

A sport icon, Arturo Gatti:

Boxing legend Arturo Gatti (1972-2009)

And of course, more to come...

Talking about beating the steel when its hot...

Today was quite a busy day! I move on with the « ping-pong » thing of mine. So I went to RBC, make a cash advance of 1 000$. But sign a cheque, the one with the promotional offer of 3.9% for 8 month for the amount of 1 400$. I didn’t have my RBC Visa card with me, so I could only withdraw 1 000$ on the spot. The teller was kind enough to take the 1 400$ cheque as deposit anyway. So tomorrow I will be able to withdraw 400$, and make a depost on my line of credit. And save on the interest money. Little saving is better than no saving at all. I took the decision to handle some debts, so now I have to deal with it.

I begin my day this way…. After I went to work. I couldn’ wait or the shift to end because I had a fee things I wanted to do. I have more than 10 000$ that I can invest in my RSP for 2009. I want to make the maximum contribution. Even if my job at the bank is not super, I wanted to take a loan with them for my RSP. The loan on itself is pretty good : no payments are required for the first 3 months. Which is very awesome. I might had an income of a bit more than 40 000$ for the fiscal year of 2009. I really need to invest the max that I can into my RSP – I really cannot afford paying extra taxes this year! So I call RBC about something I wanted to do, not a RSP loan, but my call was about turning into RSP a mutual funds I had with them, the RBC O'Shaughnessy Canadian Equity Fund. Currently, my parts of RBC O'Shaughnessy Canadian Equity Fund are invested into my Tax-Free Savings Account (TFSA). So I call 2 times because the first represnetative told me she couldn’t perform the operaion and I didn’t understand why, the line was cracking from my end. I first call on my break in the afternoon. I gave it a second try later on in the evening, but the answer was unfortunately the same. One possibility would had been to sell my parts of RBC O'Shaughnessy Canadian Equity Fund that I hold in the TFSA and invest the money into my RSP under another mutual funds, but I was not willing to do so. So everything remain the same for now regarding the investment I hold with RBC. Great lol. And now what?

Well, after that, I decide to give TD Waterhouse a call. I explain I wanted to take the Sprott Canadian Equity Fund I have and that I wanted to transform the really same investment into the TFSA account, which its where I currently hold the fantastic Creststreet Alternative Energy Fund. I first ask if I will get any taxes to pay on this, if the move was considered as a sell. The anwer was yes, like I was told before lol. But… Remember that I first invested something like 7 000$ into the Sprott Canadian Equity Fund and that now the investment currently worth less than 5 000$? I would had pay taxes if it would had been the opposite that would had happen. If I would had made money from the investment, I would had pay taxes for moving the investment from a non-register status to a register status. This doesn’t make any sense for me since its not really a sell since I do not cash out the investment, its just a change in the status. But I do not try to understand anymore because finance world just doesn’t make any sense. Anyhow, by tomorrow, my units of the Sprott Canadian Equity Fund will be from my TFSA, among with Creststreet Alternative Energy Fund.

My goal is to evenually sold the Sprott Canadian Equity Fund once it will reach its initial value of 7 000$. When my investment will reach the old 7 000$, guess what will happen? I WILL SELL SPROTT CANADIAN EQUITY FUND. FOREVER. lol…. A 2 000$ lost in my investment portfolio because of Eric Sprott? No no no. NEVER AGAIN. End of the discussion. Let's move on.

So as you can see, today was quite busy and the day is not over yet…. And I have planty of things to say…

Just a few announcements before going to bed

I didn’t have the chance to take a look at my purchase order for 100 units of Pengrowth Energy Trust (PGF.UN). I couldn’t wait to be back from work. My order went through at 11.14$ for 100 units of Pengrowth Energy Trust (PGF.UN). I now own 106 units of Pengrowth Energy Trust (PGF.UN).

I also received my dividend from Bell Aliant Regional Communications Income Fund (BA.UN). I didn’t received any extra new unit, but I had received the whole 24.17$ in cash, which I deposit on my credit line.

Good news! I have a whole week off of my daytime job next week! It’s going to be awesome. I have off tomorrow from my evening job at the bank. But I have so much things to do! It’s frustrating because I want to do everything I have in mind… But on the other side, I would just to do nothing at all… Anyway, next week, I will only be working at the bank if, of course, I do not get laid off in the meantime… What a life…

The Ping-Pong effect: the other way to manage your credit cards balance transfer

Wonder what I mean by the “ping-pong effect”? It’s sort of a credit card debt advice that I never read ANYWHERE.

Before getting in the deep of the ping-pong effect theory, I want to overview my debt situation. Paying debts had never really become one of my top priorities as I prefer to take my money and invest. But I try to keep a decent balance between the two. I have in debt what I can afford. I do not want to have a too tight budget. The best, of course, would be to have to debts at all. But did you know that having debts can actually help the economy? The trick is not to have too much debt and to have debt that you can afford. And also, the interest rate shouldn’t be too high. So there are important points to consider before opening a credit line, credit card or a loan. For now, my rule is simple, I do not want to get much more debts than what I have right now.

Here’s my debt management situation:

Line of credit #1: 4 831.44$ at 8%: yearly interest = 386.52$
Line of credit #2: 4 899.59$ at 3.5%: yearly interest = 171.49$
CIBC Visa: 3 086.91 at 3.9%: yearly interest = 120.39$
Student loan debt: 8 593.74 at 4.75%: yearly interest = 408.21$
Total of debts: 21 411.68$
Total of yearly interest: 1 086.60$

Having 21 411.68$ in debts could be seen enormous, but it’s truly not, and I am going to explain why I keep investing instead of paying debts. 8%, 3.5%, 3.9% and 4.75% are low interest rates. My next investment of tomorrow morning will bring my yearly dividend income to 3 154.83$. Remember? lol.

Let’s calculate:

my yearly dividend income – my yearly interest rate coming form current debts:

3 154.83$ - 1 086.60$ = 2 068.23$.

Now we are in business.

How am I going to benefit from CIBC Visa offer?

My CIBC Visa limit is of 5 000$. I already have 3 089.91$ on it. Which mean that I only have around 1 400$ available. 1 400$ at 3.9% interest for 8 months… How about that?

I am planning to make a 1 400$ payment on my TD credit line, which is at 8%. How am I going to make the payment? Credit card balance transfer won’t work in this case because I am planning to make a payment of 1 400$ on my credit line. This is exactly where the ping-pong effect comes in action.

I am going to make a cash advance of 1 400$ on my RBC Visa. Immediately after, I am going to pay RBC Visa using a promotional cheque coming from CIBC Visa. I won’t own anything to RBC Visa, except a 1.50$ for the cash advance (which I am going to pay right away too). With 1 400$ in my pocket, I will visit a TD branch and deposit 1 400$ on my TD credit line. And voilà.

This payment will reduce my TD credit line at 3 431.44$, for a yearly interest rate of 274.52$. The complete scheme:

Line of credit #1: 3 431.44$$ at 8%: yearly interest = 274.52$
Line of credit #2: 4 899.59$ at 3.5%: yearly interest = 171.49$
CIBC Visa: 4486.91 at 3.9%: yearly interest = 175$
Student loan debt: 8 593.74 at 4.75%: yearly interest = 408.21$
Total of debts: 21 411.68$
Total of yearly interest: 1 029.22$

1 086.60$ - 1 029.22$ = 57.38$ in savings!
Conclusion: lower interest rates = more money in your pocket!

I calculate the amount on a yearly interest rate. Of course, the CIBC Visa 3.9% interest rate is for 8 months only, not one year. But I got special offer for credit card on a regular basis, so I don’t worry too much about what’s going to happen in 8 months from now. As you can see, credit cards balance transfer is part of my debt management plan. The 3.9% interest rate coming from CIBC Visa might be one of the best interest rate for credit cards balance transfer on the market.

This is the reason why I like to have multiple credit cards. If you are willing to have multiple credit cards because you don’t have any yet and you want to do like me lol, be careful; do not open new credit cards at the same time: it will badly affect your credit. I own most of my credit card since 2004 or around that year. Most important part to remain a good level of credit score: make the minimum payment required on time. On that purpose, I recommend to apply for a pre-authorize debit for the minimum require each month. That way, you are being protected if you forget to make a payment. This is being credit smart.