I am now at 86 047.56$

Nice day today. NB Power won’t be sell to Quebec, I had purchased 300 brand new units of Just Energy Income Fund (JE.UN)… live is good! I had left 1 077.99$ in cash on my TD credit line, which is great. In case of need, I will have cash available. I could invest in 100 units of Claymore Gold Bullion ETF (CGL) since the unit price is currently under the 10$ per unit but for more safety, I prefer to have some cash available somewhere.

Nice gain for Bank of Nova Scotia (BNS). Too bad the TSX lose points today. However, I update my investment portfolio since so many changes happen in the last couple of days.

I am at 86 047.56$. Also, my level of debts had increased.

Here’s an overview of the situation:

Total assets: 86 047.56$

Annual dividend income (non registered account): 3 933.56$
Annual dividend income (registered account): 306.40$
Total in dividend income: 4 239.96$

My debt situation:
Student loan: 8 464$ at 4.75% = 402.04$ in annual interest
Credit line: 4 840$ at 3.5% = 169.40$ in annual interest
Credit line: 3 922.01$ at 8% = 313.76$ in annual interest
RSP Credit line: 10 000$ at 4.75% = 475$ in annual interest
Credit card balance transfer: 5 000$ at 4.9% = 245$ in annual interest
Credit card balance transfer: 4 359.02$ at 3.9% = 170$ in annual interest

Total of debts: 36 585.03$
Total in annual interest rate: 1 775.20$
I calculate the interest rates on an annual basis, but the credit card balance transfer I have made are valid for 6 months only.

At this point, having more debts will make no sense. Its actually barely make sense at this point. I am fair play, I like to expose it all…

Here’s my net value:

86 047.56$ (total) in assets + 4 239.96$ in annual dividend income
= 90 287.52$

90 287.52$ – 36 585.03$ (total of debt) – 1 775.20$ (total in annual interest)
= 51 927.29$

At this point, my net value is of 51 927.29$. Since my net value is more than 50 000$, I feel comfortable with my debt situation. At this point, I won’t apply for any more credit line, loan and I won’t borrow any more money using what I call my ping-pong method. At this point, I won’t go deeper in debts.

Did you notice, we are now at a 90 287.52$ (after adding the juicy dividend income). We have less than 10 000$ to go! Nice, but are we going to be able to make it? Yes, but…

I borrow money using credit card balance transfer on a regular basis. I did one back in November 2009 for the amount of 1681.78$ at 3.9%. This one will expire in May or April 2010. So what’s going to happen? If I do not receive a credit card balance transfer, I will have to sell some stocks. If we sell any of our investment, we won’t be able to make it, we won’t be able to reach our 100 000.00$ assets. The market seems to be fairly ok. I can invest 10 000$ in the next 10 months. That’s possible. But if I have to sell anything I hold to pay off one of my credit card balance transfer when they will expire…. I won’t be able to make it. And if not, my live will be ruin. I won’t be able to get my revenge on BMO Bank of Montreal who lay off me very unfairly.

So what are we going to do?

For that part, I don't know yet.

My debt situation in date of February 24, 2010

Student loan debt: 8 517.94$ at 4.75% = 404.60$ in annual interest
4 817.03$ at 3.5% = 168.60$ in annual interest
4 436.21$ at 3.9% = 173.01$ in annual interest
3 587.13$ at 8% = 286.97$ in annual interest
10 000$ at 4.75% = 475$ in annual interest

Total of debts: 31 358.31$
Total in annual interest rate: 1 508.18$
[In date of February 24, 2010]

My stock investment portfolio in date of March 5, 2010

Savings:
2.69$ (ING Direct)

Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 171.50$
Timminco (TIM): 250$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 234.25$
Hanwei Energy Services (HE): 117$
Methanex Corporation (MX): 2 720.23$
Fortis (FTS): 2 998.32$
Pembina Pipeline Income Fund (PIF.UN): 7 252.28$
Just Energy Income Fund (JE.UN): 5 981.22$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 638.35$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 545$
Pengrowth Energy Trust (PGF.UN): 1 207.34$
Enbridge Income Fund (ENF.UN): 3 815.20$
Corby Distilleries Limited (CDL.A): 1 520$
Davis + Henderson Income Fund (DHF.UN): 1 658$
Premium Brands Holdings Corporation (PBH): 2 940$

TOTAL: 43 558.60$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 699.51$
Creststreet Alternative Energy Fund: 1 165.71$
Sprott Canadian Equity Fund: 5 021.46$

TOTAL: 8 886.68$

RSP:
CIBC Dividend Growth Fund: 492.78$
CIBC Emerging Markets Index Fund: 433.49$
CIBC Monthly Income Fund: 967.28$

Energy and Base Metals Term Savings (Indexed term savings): 546.25$
Natural Resources Term Savings (Indexed term
savings): 502.06$

GIC National Bank: 1 170$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.45$
TD Monthly Income: 100.21$
TD Emerging Markets: 79.22$
TD Energy: 81.98$
TD Precious Metals: 104.64$
TD Latin American Growth: 93.97$
TD Entertainment & Communications: 103$
TD Dividend Growth: 196.28$
TD U.S. Mid-Cap Growth: 99.03$

TD RSP account: 10 500.19$

Maritime Life International Equity Fund
(Templeton): 636.36$
Manulife Simplicity Growth Portfolio: 858.25$
Maritime Life CI Harbour Seg Fund: 1003.90$
Maritime Life Fidelity True North Seg Fund: 967.20$
Maritime Life Trimark Europlus Seg Fund: 597.12$

Great West - Various: 1 704.96$

RBC Canadian Dividend Fund: 503$
RBC U.S. Mid-Cap Equity Fund C$: 1 799.48$
RBC Global Resources Fund: 882.91$
RBC O'Shaughnessy International Equity Fund:
589.71$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 008.26$

GIC Canadian Market: 1 000$

TOTAL: 29 146.95$

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

Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income (74.63$):
81 709.55$
[In date of March 5, 2010]

More more more, welcome 300 units more of Just Energy Income Fund (JE.UN)

Just before I make my 300 units purchase of Just Energy Income Fund (JE.UN), my investment portfolio (the non RSP one) was at 44 011$! WOW! I invest in 300 units of Just Energy Income Fund (JE.UN). I am now currently at 48 273.05$. Now am at... 48 294.81$ (10 seconds later). I like trading on T D Waterhouse! Experimenting the power of real time lol.

Tonight, we are going to update our investment portfolio. I hope the day will finish well on the stock market.

The poor Timminco (TIM) is now at less than 1$. Bank of Scotia (BNS) is at more than 51$.. HOT stuff going up. So go go go TSX. Make my day.

NB Power belong to New Brunswickers!

Finally! New Brunswick Premier Shawn Graham had been intelligent enough to close New Brunswick doors to Hydro-Québec! New Brunswickers had what it take to be energetic independent. Shouldn't ever loose the control of our province never again! the Québec Governement is just so ridiculous. By asking too much, Québec had the deal close. And that's better this way!

Is it New Brunswickers fault if previous provincial governement, we can think of Bernard Lord, didn't do what they should to protect New Brunswickers energy ressources? Just like other province, New Brunswick is able to be auto-sufficient. Just our ministers had stop to look ways around to sell us to foreigns, like Québec. Bernard Lord is just one of those idiot. He currently live in Montreal. One of the stupiest and laziest New Brunswick past minister live and work in Québec? Coincidence? No. too much jerks are here, especially in Montreal: Brian Mulroney, Henri-Paul Rousseau, among other. And I a just praying God almost everyday for a relocation.

But now, how New Brunswick going to produce its energy? I don't have a clue. Candle light....... lol..........

New Brunswick rock and NB Power blong to New Brunswickers and to no one else.

Anyhow, Hydro-Québec customer service is so poor, very awful. There's also a lot of billing problem. I don't want any of that shift in my province. So now things are going to be better for New Brunswickers since nothing of the poor Québec system will be in the place.

May God bless New Brunswick.

Welcome Consumers’, 200 units of The Consumers’ Waterheater Income Fund in my online future trading brokerage

Right now, things are going so great, I thing we are going to be able to make it! Our stocks and units investment portfolio (non registered one) is currently at a super great 43 781$.

Up of 222.40$ compare to March 5, 2010! Very nice! We like slow, little calm increase of our portfolio.

For our first 100 000.00$, what I am looking for is stability. Not magical gain. And I continue to believe that if I continue to diversify my portfolio, we’ll be able to make great things happen.

Today, we use the money earn by our sell of Creststreet Alternative Energy Fund to purchase 200 units of The Consumers’ Waterheater Income Fund (CWI.UN). So it’s now official, we now own 200 units of The Consumers’ Waterheater Income Fund (CWI.UN). This investment is from our Tax-free savings account.

Since March 5, 2010, many changes happen in our investment portfolio in a very short period of time. We need to update our investment portfolio, but it won’t until a couple of days. Reason why?

I currently have just a bit more than 5 000$ to invest. A 1 000$ here, a 5 000$ there… Wonder where the 5 000$ is coming from? Well, it’s coming from a ping-pong game. To know what it is about, I will be mean, if you are a new reader, you will have to refer to previous posts. And to the ones who knows what I am taking about well, to them, I will say: OUPS I DID IT AGAIN! lol….

I have to say, this morning was quite busy. I ply ping-pong. I borrow 5 000$ at 4.9% for 6 months. Initially, that money was supposed to be use to pay off one of my credit line. I know I said I won’t borrow anymore… But it’s just for 6 months and I can manage this new loan in my budget payments. After this, I am done, no more ping-pong game. Ok, I have the money, nice, but what am I going to do with it? I was thinking about investing in Just Energy Income Fund (JE.UN). I know, you’ll probably say, more units from JE.UN. But did you know, Jean-François Tardif had well rated Just Energy Income Fund (JE.UN) in, I think, 2009. Ok, we are in 2010, but I think the situation with JE.UN pretty much the same, if not better than 2009 since JE.UN had made some new acquisitions since that time. Right now, JE.UN seems a good investment. So how about 300 new units of Just Energy Income Fund (JE.UN) in our portfolio?

Why not?

See the effect on our dividend income (for the non registered part):

Currently, with The Consumers’ Waterheater Income Fund (CWI.UN) included, we have an annual dividend income of 3 501.56$.

300 new units of Just Energy Income Fund (JE.UN) will provide us 432$ in annual dividend income (1.44$ per unit).

3 501.56 + 432$ = 3 933.56$ in annual dividend income (around 327$ per month in dividend income).

At almost 4 000$ in dividend annual income, we definitively going to invest in 300 units of Just Energy Income Fund (JE.UN)! I don’t know what’s going to happen in 6 months from now once my 4.9% will have expired. But that’s just in 6 months. We also have a previous ping-pong with CIBC that should end in the next couple of months… So we are going to see what’s going to happen to all of that fantastic money.

And by the way, we had received today our Bell Aliant Regional Communications Income Fund (BA.UN) dividend. We had received 24.17$ in monthly dividend from Bell Aliant Regional Communications Income Fund (BA.UN).