Savings:
372.07$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 1 935.36$
Timminco (TIM): 176$
Blue Note Mining (BNT): 50$
Bank of Nova Scotia (BNS): 5 432.70$
Hanwei Energy Services (HE): 102$
Methanex Corporation (MX): 9 786.48$
Fortis (FTS): 2 915.85$
Pembina Pipeline Income Fund (PIF.UN):
7 338.24$
Just Energy Income Fund (JE.UN): 9 786.48$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 805.54$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 597$
Pengrowth Energy Trust (PGF.UN): 1 202.04$
Enbridge Income Fund (ENF.UN): 4 085.10$
Corby Distilleries Limited (CDL.A): 1 570$
Davis + Henderson Income Fund (DHF.UN):
1 790$
Premium Brands Holdings Corporation (PBH):
2 864$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Cash: 93.51$
TOTAL: 48 767.32$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 759.05$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 040$
Sprott Canadian Equity Fund: 5 312.73$
Cash: 21.69$
TOTAL: 9 133.47$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 050$
EnCana Corporation (ECA): 3 147$
Emera Incorporated (EMA): 4 880$
Cash: 259.15$
CIBC Dividend Growth Fund: 506.94$
CIBC Emerging Markets Index Fund: 452.54$
CIBC Monthly Income Fund: 977.62$
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: 109.71$
TD Monthly Income: 101.81$
TD Emerging Markets: 81.60$
TD Energy: 82.39$
TD Precious Metals: 106.74$
TD Latin American Growth: 95.44$
TD Entertainment & Communications: 107.58$
TD Dividend Growth: 201.76$
TD U.S. Mid-Cap Growth: 103.53$
Maritime Life International Equity Fund
(Templeton): 651.15$
Manulife Simplicity Growth Portfolio: 869.85$
Maritime Life CI Harbour Seg Fund: 1 025.17$
Maritime Life Fidelity True North Seg Fund: 973.84$
Maritime Life Trimark Europlus Seg Fund: 602.97$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 510.39$
RBC U.S. Mid-Cap Equity Fund C$: 1 878.53$
RBC Global Resources Fund: 955.47$
RBC O’Shaughnessy International Equity Fund:
605.43$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 021.90$
GIC Canadian Market: 1 000$
TOTAL: 29 295.75$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(112.57$):
87 721.18$
[In date of April 18, 2010]
Tuesday, April 20, 2010
Monday, April 19, 2010
Lovely gains today for my everything
I like to end a day of work like this: coming home early, starting my laptop, log-in to my online broker account and… discover fantastic gain in my investment portfolio!
My non registered stocks & units portfolio is up of 182.60$. My TFSA portfolio is up of 78.40$. And my RSP stocks portfolio is up of 26$. This mark a 287$ gain today only – and this is only counting one part of my portfolio. I won’t update it again as I just did it yesterday. The gains made are small but interesting, knowing that those were gains made between yesterday and today… 287$ is more than I do in just a day of work! I am quite happy with my portfolio right now. The gains were not spectacular today at the TSX, but I prefer little gains to major ones. Little gains seem to be just more stables. Since the big stock crash of somewhere in 2008, the TSX is everything but not stable. I can definitely talk about it! The road had been rough for our mutual fund investments. But among the way, with a well diversified portfolio, everything is possible and I have to say, I have achieve my everything today.
So what happen today that I got a juicy boost in value? Well, even if they refused my RSP loan this year, Bank of Scotia (BNS) is in good business. The stock value had raised to the 52$. So you can imagine the positive effect on my portfolio as I own 105 stocks of that marvelous. Also, Yellow Pages Income Fund (YLO.UN) is at an extraordinary 6.53$. Those were 2 of our major investment portfolio boosters!
Sprott Inc. (SII) still under 4$ per unit and Just Energy Income Fund (JE.UN) again at less than 14$ per unit. Once those 2 will go up again, gains will be just spectacular. My non registered stocks and units investment portfolio could than worth close to the 50 000$ alone!
I finally complete my credit card limit request. I will learn more about it within 2 business days.
Other Internet projects among the way, a new Web site idea I wrote about previously… well, it’s still on going. My only problem is discipline. That’s the main reason why I wasn’t able to launch the project yet. I had been too busy counting and re-counting my money.
My non registered stocks & units portfolio is up of 182.60$. My TFSA portfolio is up of 78.40$. And my RSP stocks portfolio is up of 26$. This mark a 287$ gain today only – and this is only counting one part of my portfolio. I won’t update it again as I just did it yesterday. The gains made are small but interesting, knowing that those were gains made between yesterday and today… 287$ is more than I do in just a day of work! I am quite happy with my portfolio right now. The gains were not spectacular today at the TSX, but I prefer little gains to major ones. Little gains seem to be just more stables. Since the big stock crash of somewhere in 2008, the TSX is everything but not stable. I can definitely talk about it! The road had been rough for our mutual fund investments. But among the way, with a well diversified portfolio, everything is possible and I have to say, I have achieve my everything today.
So what happen today that I got a juicy boost in value? Well, even if they refused my RSP loan this year, Bank of Scotia (BNS) is in good business. The stock value had raised to the 52$. So you can imagine the positive effect on my portfolio as I own 105 stocks of that marvelous. Also, Yellow Pages Income Fund (YLO.UN) is at an extraordinary 6.53$. Those were 2 of our major investment portfolio boosters!
Sprott Inc. (SII) still under 4$ per unit and Just Energy Income Fund (JE.UN) again at less than 14$ per unit. Once those 2 will go up again, gains will be just spectacular. My non registered stocks and units investment portfolio could than worth close to the 50 000$ alone!
I finally complete my credit card limit request. I will learn more about it within 2 business days.
Other Internet projects among the way, a new Web site idea I wrote about previously… well, it’s still on going. My only problem is discipline. That’s the main reason why I wasn’t able to launch the project yet. I had been too busy counting and re-counting my money.
Sunday, April 18, 2010
I am now at 87 721.18$
I was very curious to see how much my value was now after my latest investment in 200 units of The Consumers’ Waterheater Income Fund (CWI.UN).
On date of April 18, 2010, I am at a healthy 87 721.18$, a lost of 74.94$ compare to April 5 but still, just a 74.94$ in losses is not that of a deal on a +80 000$ investment portfolio. Believe me, once Sprott Inc. (SII) will me over 4$ and when Just Energy Income Fund (JE.UN) will be over 14$ per unit just like it use to me, my portfolio will be than at more than 88 000$. And luckily, when I will make my next investment this upcoming June, the value of my portfolio may be reach 90 000$. In June, I plan to invest in 100 stocks of Corby Distilleries Limited (CDL.A), for a value of around 1 600$. Here how it could be in June:
88 000$ + an extra increase of 400$ of my portfolio + 1 600$
= 90 000$
I could possibly hit the 90 000$ in assets in June, but it will all depend of the stock market condition. So far, things are doing great. I am already at 909.92$ in dividend earning for 2010. Looking forward to have a lot more in dividend earning by the end of 2010. Cash just continue to flow. And the cash flow delivers some extra stocks and units among the way, which is even better that just cash alone.
If I could make an extra 1 000$ per month for the period of May-August 2010, I could reach my first 100 000.00$ in assets right on time for my 30th birthday, which is coming at the end of August. Interesting… My at this time, I am kind of use to my routine and stuff and job searching is not really what I want… but I guess I will think about this one in the upcoming days. Many times I wrote that I will job searching… But even with my current situation, I am doing relatively fine. And when I see where I am in my portfolio goal right now, well, I am kind of wow! I am just at a point where all this money enough for me. But shouldn’t I just shake up and go for more? Yes in a way, no in another way. Like right now, I have a lot of free time to do just whatever I want to do, counting my money or doing anything else lol…. But the possibility is there, I have to PUSH myself.
30 years old, 100 000.00$ in assets, 37 000$ in debts lol, what about that? The sooner the better because once my 100 000$ will be reach, I told myself I would be working at paying debts.
Everything is just so easy... or almost :0)
On date of April 18, 2010, I am at a healthy 87 721.18$, a lost of 74.94$ compare to April 5 but still, just a 74.94$ in losses is not that of a deal on a +80 000$ investment portfolio. Believe me, once Sprott Inc. (SII) will me over 4$ and when Just Energy Income Fund (JE.UN) will be over 14$ per unit just like it use to me, my portfolio will be than at more than 88 000$. And luckily, when I will make my next investment this upcoming June, the value of my portfolio may be reach 90 000$. In June, I plan to invest in 100 stocks of Corby Distilleries Limited (CDL.A), for a value of around 1 600$. Here how it could be in June:
88 000$ + an extra increase of 400$ of my portfolio + 1 600$
= 90 000$
I could possibly hit the 90 000$ in assets in June, but it will all depend of the stock market condition. So far, things are doing great. I am already at 909.92$ in dividend earning for 2010. Looking forward to have a lot more in dividend earning by the end of 2010. Cash just continue to flow. And the cash flow delivers some extra stocks and units among the way, which is even better that just cash alone.
If I could make an extra 1 000$ per month for the period of May-August 2010, I could reach my first 100 000.00$ in assets right on time for my 30th birthday, which is coming at the end of August. Interesting… My at this time, I am kind of use to my routine and stuff and job searching is not really what I want… but I guess I will think about this one in the upcoming days. Many times I wrote that I will job searching… But even with my current situation, I am doing relatively fine. And when I see where I am in my portfolio goal right now, well, I am kind of wow! I am just at a point where all this money enough for me. But shouldn’t I just shake up and go for more? Yes in a way, no in another way. Like right now, I have a lot of free time to do just whatever I want to do, counting my money or doing anything else lol…. But the possibility is there, I have to PUSH myself.
30 years old, 100 000.00$ in assets, 37 000$ in debts lol, what about that? The sooner the better because once my 100 000$ will be reach, I told myself I would be working at paying debts.
Everything is just so easy... or almost :0)
My stock investment portfolio in date of April 5, 2010
Savings:
1 002.69$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 053.35$
Timminco (TIM): 164$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 290.95$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 662.55$
Fortis (FTS): 3 045$
Pembina Pipeline Income Fund (PIF.UN):
7 289.45$
Just Energy Income Fund (JE.UN): 10 266.60$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 710.58$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 554$
Pengrowth Energy Trust (PGF.UN): 1 269.88$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 545$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 916$
Cash: 21.23$
TOTAL: 48 164.77$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 781.94$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 036$
Sprott Canadian Equity Fund: 5 160$
Cash: 21.69$
TOTAL: 8 999.63$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 046$
EnCana Corporation (ECA): 3 300$
Emera Incorporated (EMA): 4 926$
Cash: 259.15$
CIBC Dividend Growth Fund: 509.75$
CIBC Emerging Markets Index Fund: 454.74$
CIBC Monthly Income Fund: 982.01$
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: 109.88$
TD Monthly Income: 101.87$
TD Emerging Markets: 81.89$
TD Energy: 84.48$
TD Precious Metals: 104.09$
TD Latin American Growth: 96.20$
TD Entertainment & Communications: 105.54$
TD Dividend Growth: 201.91$
TD U.S. Mid-Cap Growth: 101.25$
Maritime Life International Equity Fund
(Templeton): 645.92$
Manulife Simplicity Growth Portfolio: 871.20$
Maritime Life CI Harbour Seg Fund: 1 029.66$
Maritime Life Fidelity True North Seg Fund: 982.40$
Maritime Life Trimark Europlus Seg Fund: 601.58$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 513.32$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.06$
RBC Global Resources Fund: 961.11$
RBC O’Shaughnessy International Equity Fund:
596.07$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 035.65$
GIC Canadian Market: 1 000$
TOTAL: 29 487.97$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(101.06$): 87 796.12$
[In date of April 5, 2010]
1 002.69$
Non registered Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 053.35$
Timminco (TIM): 164$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 5 290.95$
Hanwei Energy Services (HE): 114$
Methanex Corporation (MX): 2 662.55$
Fortis (FTS): 3 045$
Pembina Pipeline Income Fund (PIF.UN):
7 289.45$
Just Energy Income Fund (JE.UN): 10 266.60$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN):
2 710.58$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 554$
Pengrowth Energy Trust (PGF.UN): 1 269.88$
Enbridge Income Fund (ENF.UN): 3 987.18$
Corby Distilleries Limited (CDL.A): 1 545$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 916$
Cash: 21.23$
TOTAL: 48 164.77$
Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 781.94$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 036$
Sprott Canadian Equity Fund: 5 160$
Cash: 21.69$
TOTAL: 8 999.63$
RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 2 046$
EnCana Corporation (ECA): 3 300$
Emera Incorporated (EMA): 4 926$
Cash: 259.15$
CIBC Dividend Growth Fund: 509.75$
CIBC Emerging Markets Index Fund: 454.74$
CIBC Monthly Income Fund: 982.01$
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: 109.88$
TD Monthly Income: 101.87$
TD Emerging Markets: 81.89$
TD Energy: 84.48$
TD Precious Metals: 104.09$
TD Latin American Growth: 96.20$
TD Entertainment & Communications: 105.54$
TD Dividend Growth: 201.91$
TD U.S. Mid-Cap Growth: 101.25$
Maritime Life International Equity Fund
(Templeton): 645.92$
Manulife Simplicity Growth Portfolio: 871.20$
Maritime Life CI Harbour Seg Fund: 1 029.66$
Maritime Life Fidelity True North Seg Fund: 982.40$
Maritime Life Trimark Europlus Seg Fund: 601.58$
Great West - Various: 1 704.96$
RBC Canadian Dividend Fund: 513.32$
RBC U.S. Mid-Cap Equity Fund C$: 1 849.06$
RBC Global Resources Fund: 961.11$
RBC O’Shaughnessy International Equity Fund:
596.07$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 035.65$
GIC Canadian Market: 1 000$
TOTAL: 29 487.97$
Social Capital at Desjardins Membership share
for 3 accounts: 40$
Savings + Stocks, units, mutual funds + Tax-free
savings account + RRSP + Online Income
(101.06$): 87 796.12$
[In date of April 5, 2010]
Saturday, April 17, 2010
Money, dividend and budgeting for the month of May
The month of April is not over yet but I am already thinking my budget for May. Why? In May, I will start paying on my 10 000$ RSP loan. The monthly payment is about 107$. Also, one of my credit card balance transfer offer at 3.9% is getting to expire on May. For the first time ever, I am not quite happy with CIBC Visa because I had been told 2 different things by 2 reps… I should get organize better, but I got busy with all kind of different thing, not to forget about my laid off of BMO Bank of Montreal. Please do not forget about that one for me ok? Since I got laid off from BMO Bank of Montreal, I didn’t purchase a single piece of clothes. No new jeans, no new t-shirts, no new bra… NOTHING lol.. Not even a hair cut…. Talking about living miserably….
Financial success reside in a budget, and sometime on a really tight one
I write it on HubPages before, I am a natural saver. This allows me to manage everything without budgeting. The budget is kind of in my head and I never needed to write down expenses, etc… But my newest loan payment coming by, I needed to review my situation just to make sure everything fit at the right place, that I got laid off from BMO Bank of Montreal or not. Ok?
So what’s going to happen, several months after my laid off of BMO Bank of Montreal? Well, just the usual. Let’s check it out:
RSP credit line loan: 107$
Credit line 1: 150$
Credit line 2: 100$
Student loan: 100$
Visa 1: 150$
Visa 2: 100$
TOTAL: 707$
The minimum payment required on my debts is of 707$. To this amount we need to add my rent, 545$, and my Internet, 35$. All combine together, it will make 1 287$. To this amount, I add 400$ more groceries, coffees and everything else. It bring the total to 1 687$. Did you notice something? I remove the metro pass!
Talking about living frugally: I find an easy way to save 65$ per month
This is kind of a drastic choice for me who always enjoy traveling in the Montreal metro but as my budget is getting tighter and that I need to exercise more, anything I can do to save money and getting a bit more in shape is more than welcome. I just cannot deprive myself on coffees and other little eating out because it would just make me feel more miserable that what I am experimenting right now lol. So starting May 2010, no more metro pass! I am about 45 minutes walking distance from my day-time work. My weekend job is actually a walking distance away from my apartment. I can easily live without a metro pass. Just going to be rough for the first couple of days I guess. But it worth the try, 65$ is kind of good money. I am happy that I cross over this solution. Just for the period of May-November itself, I could save 455$.
Pembina Pipeline Income Fund (PIF.UN) dividends are in the house!
I just received 53.69$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Strangely, the DRIP is on. I am earning actually 3 extra units of PIF.UN. I will have to call T D Waterhouse because last month, my PIF.UN dividend didn’t DRIP. I previously call T D Waterhouse about it, and nothing had been done. On a certain way, some brokers of T D Waterhouse are not willing do no anything for you except selling or buying stocks for you as they can earned commission. That’s how it work at T D Waterhouse. If you have T D Waterhouse as broker, check your statement very carefully because after 60 days, if there’s a mistake of what so ever, T D Waterhouse won’t do anything. They are like that. In a way, T D Waterhouse and BMO Bank of Montreal share a lot of things. Both institution kind of suck on their own little way.
Anyhow, I had been thinking, calculating…
I have actually other projects on the way!
Yeahhhh!
Maximize my TFSA for 2010: Last year, I did some mistake with my TFSA. I taught withdraw made from the TFSA could be invested on the same year, but its not the case. Withdraw can be reinvested yes, but only 1 year after… I just waiting for my tax papers and I am going to look I what I did last year.. I am still confused about what I did, one year later… Isn’t a problem to be rich?
100 new stocks of Corby Distilleries Limited (CDL.A): So far, Corby Distilleries Limited (CDL.A) had brought great stability to my portfolio. I won’t be able to invest in 100 stocks of Corby Distilleries Limited (CDL.A) for next month, but it might be good for the month of June! This will allow me to benefit from the DRIP being offer so far from Corby Distilleries Limited (CDL.A). I should be able to earn at least 1 extra stock per distribution period.
Applying to a credit card increase at TD Visa: I have more than 70 000$ invested at T D Waterhouse, if it’s not even to get a 3 000$ limit increase at TD Visa… But we never know right? This is something I didn’t do yet but its something I will do online before the end of the weekend. And what if my credit line limit increase got refused? Solution: turning my current CIBC Dividend Visa card into one of CIBC credit card at an interest rate of 11%. My 3.9% interest on an amount of 2 735.78$ is ending on May. Close to 3 000$, the amount is kind of huge, but no way I am going to sell one of my investment without hitting first my first 100 000$. It’s all in the head; it’s stupid and hot at the same time. But I have a NO SELL rule…. I could ask for a credit line at RBC or something else, but I do not want to hurt my credit score too much. Not that I care that much about my credit score, but if I ma being refused a credit card limit increase, what are my change to get credit someplace else? Isn’t a difficult situation to deal with?
But we experience this when we applied for a RSP loan: I got refused at Bank of Scotia (they apparently didn’t give a damn about my 100 000$ assets project) but got approved at TD Canada Trust. This meaning that if you are getting refuse at some place, doesn’t mean you will automatically get refused at another place. My best advice: go for it and let it go! That’s the advice I am following myself.
At this point, the situation is pathetic, but I don’t want to sell, it’s my own fault. Just because of a revenge plan I have in the back of my head, spinning lol. Being rich is not as easy as it look like.
I could make a happy living on 1 000$ per month living on dividend
Living on dividend is possible. 1 000$ is not that much of money needed. Only 12 000$ in dividend earning is needed. But before getting into it, I will need to clear off all debts, have extra cash available as an emergency funds (I was thinking of 20 000$) and, of course, reach 12 000$ in annual dividend income. I won’t be able to achieve this in the upcoming year, but what about 3 or 4 years from now? It could work out, but still a lot of work ahead.
Financial success reside in a budget, and sometime on a really tight one
I write it on HubPages before, I am a natural saver. This allows me to manage everything without budgeting. The budget is kind of in my head and I never needed to write down expenses, etc… But my newest loan payment coming by, I needed to review my situation just to make sure everything fit at the right place, that I got laid off from BMO Bank of Montreal or not. Ok?
So what’s going to happen, several months after my laid off of BMO Bank of Montreal? Well, just the usual. Let’s check it out:
RSP credit line loan: 107$
Credit line 1: 150$
Credit line 2: 100$
Student loan: 100$
Visa 1: 150$
Visa 2: 100$
TOTAL: 707$
The minimum payment required on my debts is of 707$. To this amount we need to add my rent, 545$, and my Internet, 35$. All combine together, it will make 1 287$. To this amount, I add 400$ more groceries, coffees and everything else. It bring the total to 1 687$. Did you notice something? I remove the metro pass!
Talking about living frugally: I find an easy way to save 65$ per month
This is kind of a drastic choice for me who always enjoy traveling in the Montreal metro but as my budget is getting tighter and that I need to exercise more, anything I can do to save money and getting a bit more in shape is more than welcome. I just cannot deprive myself on coffees and other little eating out because it would just make me feel more miserable that what I am experimenting right now lol. So starting May 2010, no more metro pass! I am about 45 minutes walking distance from my day-time work. My weekend job is actually a walking distance away from my apartment. I can easily live without a metro pass. Just going to be rough for the first couple of days I guess. But it worth the try, 65$ is kind of good money. I am happy that I cross over this solution. Just for the period of May-November itself, I could save 455$.
Pembina Pipeline Income Fund (PIF.UN) dividends are in the house!
I just received 53.69$ in dividend from Pembina Pipeline Income Fund (PIF.UN). Strangely, the DRIP is on. I am earning actually 3 extra units of PIF.UN. I will have to call T D Waterhouse because last month, my PIF.UN dividend didn’t DRIP. I previously call T D Waterhouse about it, and nothing had been done. On a certain way, some brokers of T D Waterhouse are not willing do no anything for you except selling or buying stocks for you as they can earned commission. That’s how it work at T D Waterhouse. If you have T D Waterhouse as broker, check your statement very carefully because after 60 days, if there’s a mistake of what so ever, T D Waterhouse won’t do anything. They are like that. In a way, T D Waterhouse and BMO Bank of Montreal share a lot of things. Both institution kind of suck on their own little way.
Anyhow, I had been thinking, calculating…
I have actually other projects on the way!
Yeahhhh!
Maximize my TFSA for 2010: Last year, I did some mistake with my TFSA. I taught withdraw made from the TFSA could be invested on the same year, but its not the case. Withdraw can be reinvested yes, but only 1 year after… I just waiting for my tax papers and I am going to look I what I did last year.. I am still confused about what I did, one year later… Isn’t a problem to be rich?
100 new stocks of Corby Distilleries Limited (CDL.A): So far, Corby Distilleries Limited (CDL.A) had brought great stability to my portfolio. I won’t be able to invest in 100 stocks of Corby Distilleries Limited (CDL.A) for next month, but it might be good for the month of June! This will allow me to benefit from the DRIP being offer so far from Corby Distilleries Limited (CDL.A). I should be able to earn at least 1 extra stock per distribution period.
Applying to a credit card increase at TD Visa: I have more than 70 000$ invested at T D Waterhouse, if it’s not even to get a 3 000$ limit increase at TD Visa… But we never know right? This is something I didn’t do yet but its something I will do online before the end of the weekend. And what if my credit line limit increase got refused? Solution: turning my current CIBC Dividend Visa card into one of CIBC credit card at an interest rate of 11%. My 3.9% interest on an amount of 2 735.78$ is ending on May. Close to 3 000$, the amount is kind of huge, but no way I am going to sell one of my investment without hitting first my first 100 000$. It’s all in the head; it’s stupid and hot at the same time. But I have a NO SELL rule…. I could ask for a credit line at RBC or something else, but I do not want to hurt my credit score too much. Not that I care that much about my credit score, but if I ma being refused a credit card limit increase, what are my change to get credit someplace else? Isn’t a difficult situation to deal with?
But we experience this when we applied for a RSP loan: I got refused at Bank of Scotia (they apparently didn’t give a damn about my 100 000$ assets project) but got approved at TD Canada Trust. This meaning that if you are getting refuse at some place, doesn’t mean you will automatically get refused at another place. My best advice: go for it and let it go! That’s the advice I am following myself.
At this point, the situation is pathetic, but I don’t want to sell, it’s my own fault. Just because of a revenge plan I have in the back of my head, spinning lol. Being rich is not as easy as it look like.
I could make a happy living on 1 000$ per month living on dividend
Living on dividend is possible. 1 000$ is not that much of money needed. Only 12 000$ in dividend earning is needed. But before getting into it, I will need to clear off all debts, have extra cash available as an emergency funds (I was thinking of 20 000$) and, of course, reach 12 000$ in annual dividend income. I won’t be able to achieve this in the upcoming year, but what about 3 or 4 years from now? It could work out, but still a lot of work ahead.
Friday, April 16, 2010
Building financial wealth one investment at a time
Early this morning before going to wok, I had placed my order to purchase 200 units of Consumers’ Waterheater Income Fund (CWI.UN). I place the price limit at 5.30$. My order went through at the opening, which was 5.27$. Consumers’ Waterheater Income Fund (CWI.UN) close the day at 5.22$. I had Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio before, but in the TFSA. Now, I also hold Consumers’ Waterheater Income Fund (CWI.UN) in the non registered part of my portfolio.
Investing in the stock market is really addictive. I could have leaved the money on my credit line, it would had made more sense, but I just couldn’t. I invested in 200 units of Consumers’ Waterheater Income Fund (CWI.UN) because I wanted to do something out of this 1 000$. At the end, I currently have 265$ in emergency fund lol. I can say that right now, I am living paycheck to paycheck. It’s a personal choice. I really want to hit the 100 000.00$ in assets by 2010. It’s just something I had in mind for a couple of months now, even before my BMO Bank of Montreal adventure. Being laid off of BMO Bank of Montreal didn’t change anything. I still can invest and build a future financial wealth even after being laid off of BMO Bank of Montreal. And the future is here… or close by.
Ok, so currently, my non registered portfolio is at 48 675.30$. This being after, of course, my newest investment of 1 048$ in the Consumers’ Waterheater Income Fund (CWI.UN). Yeah!
48 675.30$ - 1 048$ = 47 627.30$
47 627.30$ is the value of my non registered portfolio where it was before adding on 200 units of CWI.UN. 47 627.30$ represent a lost of 537.47$ compare to April 5. Back than, I was at an outstanding, almost perfect 48 164.77$. Loosing 537.46$ is not a drastic lost. The value of my investments will go up again, its just a matter of time. I like it very much when everything goes up. But when it goes down, it goes down.
Oh, and I almost forgot: Welcome again, Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio!
Another investment, another step forward to My First 100 000.00$.
Investing in the stock market is really addictive. I could have leaved the money on my credit line, it would had made more sense, but I just couldn’t. I invested in 200 units of Consumers’ Waterheater Income Fund (CWI.UN) because I wanted to do something out of this 1 000$. At the end, I currently have 265$ in emergency fund lol. I can say that right now, I am living paycheck to paycheck. It’s a personal choice. I really want to hit the 100 000.00$ in assets by 2010. It’s just something I had in mind for a couple of months now, even before my BMO Bank of Montreal adventure. Being laid off of BMO Bank of Montreal didn’t change anything. I still can invest and build a future financial wealth even after being laid off of BMO Bank of Montreal. And the future is here… or close by.
Ok, so currently, my non registered portfolio is at 48 675.30$. This being after, of course, my newest investment of 1 048$ in the Consumers’ Waterheater Income Fund (CWI.UN). Yeah!
48 675.30$ - 1 048$ = 47 627.30$
47 627.30$ is the value of my non registered portfolio where it was before adding on 200 units of CWI.UN. 47 627.30$ represent a lost of 537.47$ compare to April 5. Back than, I was at an outstanding, almost perfect 48 164.77$. Loosing 537.46$ is not a drastic lost. The value of my investments will go up again, its just a matter of time. I like it very much when everything goes up. But when it goes down, it goes down.
Oh, and I almost forgot: Welcome again, Consumers’ Waterheater Income Fund (CWI.UN) in my investment portfolio!
Another investment, another step forward to My First 100 000.00$.
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