ENF.UN + BA.UN dividend for August 2010

I had received 30.14$ from Enbridge Income Fund (ENF.UN) and 24.17$ from Bell Aliant (BA.UN). This bring my dividend income to 2 382.96$. Nice earning, but once the conversion will be completed for Bell Aliant, DHF.UN and YLO.UN, my dividend earning will be a bit less than what they currently are. Good news, there's still overtime available at work for next week. So I really hope to make my next investment in DHF.UN in September. Nothing much for now.

I am now richer than ever but its not enough to call for retirement yet

When I notice today that my investment hold in Just Energy Income Fund (JE.UN) was exceeding the 10 000$ (it’s currently at 10 075.56$), I knew something major was happening today. I run to home after work and there it was, one of my dreams was coming true, my investment in JE.UN exceeds the 10 000$ and my non registered stocks & units investment portfolio exceed the 50 000$ (I am currently at 50 244.58$)… And here am I, at a 90 472.56$ in assets. I left myself at 1 000$ in savings. Currently, I am around 1 300$, but I wanted to leave it at 1 000$ (my savings section) just to compare my assets to the previous investment portfolio update. Everything is going well so far, financially speaking, at least.

I also received some dividend income lately: 14.56$ from Pengrowth Energy Trust (PGF.UN) and 57.06$ from Emera Incorporated (EMA).

My investment portfolio in date of August 18, 2010

Savings:
1 000$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 1 900.35$
Timminco (TIM): 87$
Blue Note Mining (BNT): 34$
Bank of Nova Scotia (BNS): 5 466.63$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 2 268.06$
Fortis (FTS): 3 052.80$
Pembina Pipeline Income Fund (PIF.UN):
8 218.89$
Just Energy Income Fund (JE.UN): 10 075.56$
Yellow Pages Income Fund (YLO.UN):
2 361.45$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 550$
Pengrowth Energy Trust (PGF.UN): 2 087.91$
Enbridge Income Fund (ENF.UN): 4 534.16$
Corby Distilleries Limited (CDL.A): 3 030$
Davis + Henderson Income Fund (DHF.UN):
1 769$
Premium Brands Holdings Corporation (PBH):
2 670$
Cash: 12.77$

TOTAL: 50 244.58$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 640.66$
The Consumers’ Waterheater Income Fund
(CWI.UN): 1 921.68$
Sprott Canadian Equity Fund:
5 178.04$
Dumont Nickel Inc. (DNI): 345$
Cash: 60.78$

TOTAL: 10 146.16$

RSP investment portfolio:
Claymore Gold Bullion ETF (CGL): 3 748.42$
EnCana Corporation (ECA): 2 904$
Emera Incorporated (EMA): 5 334.60$
Cash: 38.08$

CIBC Dividend Growth Fund: 496.85$
CIBC Emerging Markets Index Fund: 417.13$
CIBC Monthly Income Fund: 990.37$

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

GIC National Bank: 1 192.64$
GIC Plus: 500$

TD Canadian Bond: 116.87$
TD Monthly Income: 104.38$
TD Emerging Markets: 82.12$
TD Energy: 79.76$
TD Precious Metals: 114.32$
TD Latin American Growth: 95.98$
TD Entertainment and Communications: 105.39$
TD Dividend Growth: 191.76$
TD U.S. Mid-Cap Growth: 96.78$

Maritime Life International Equity Fund
(Templeton): 608.50$
Manulife Simplicity Growth Portfolio: 838.52$
Maritime Life CI Harbour Seg Fund: 973.37$
Maritime Life Fidelity True North Seg Fund: 944.61$
Maritime Life Trimark Europlus Seg Fund: 582.73$

Great-West – various: 1 753.62$

RBC Canadian Dividend Fund: 501.42$
RBC U.S. Mid-Cap Equity Fund C$: 1 679.05$
RBC Global Resources Fund: 832.68$
RBC O’Shaughnessy International Equity Fund:
580.92$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 023.86$

GIC Canadian Market: 1 000$

TOTAL: 28 934.25$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(107.57$):
90 472.56$

I am spending too much

I did around 10 hours today at work. I am going try to get up early tomorrow and begin earlier. I should be good for at least a 1 000$ paycheck. For laptop, I could afford it, but only if I work 14 hours for the 3 upcoming days! So I don’t know what I will be doing. But a laptop purchase is really not important at this time, even if it was supposed to be my birthday gift. The problem is that I am spending too much. I am already at 350$ in expenses on my BMO credit card that I only use for its AirMiles (and the month is not over yet!). I also have a 163$ to pay on my RBC Visa by the end of the month. And just to make things worst, I now have a 112$ to pay at TD Waterhouse for my RSP account… I am going to take care of this one tomorrow morning because it’s bringing my account to -112$ since I don’t hold any cash in my online broker account. Some TD Waterhouse staff is so bad, they could some of my stocks or units just to pay their administrative fee! For once, I have a good reason to wake up early and after passing by a TD Canada Trust branch, I should be able to go to work… Lot of expenses to cover, but I should be able to make it. For tomorrow, I am waiting a 365$ paycheck. And my next week paycheck should be of at least 1 000$. From the way things are looking, there could be some overtime available next week also at my daytime job. I could be able to make my next investment in September, but not by the end of August, probably not. I am just a bit confused about it at this time. After all, I had been working 10 hours today (I usually only work 5.5 hours per day at my daytime job!). I didn’t have anytime to apply for a credit line or see my options to cover my CIBC Visa debt. I try to call RBC on Monday, but the delay was too long. I have a 1 232.57$ at 3.9% that is going to expire in September. I could pay it off by not doing my next investment. But… I didn’t give up yet on my 100k. Being pack of all kind of debt does not bother me at all and I don’t agree with people when they say I should pay debt instead of investing. I am building my future financial situation here. Why should I care about paying debt? My portfolio is doing well. I was just surprise today when I saw EnCana Corporation (ECA) at 29$... (usually it’s around 33$...). Also CDL.A that is currently below 15.30$. Other than that, the portfolio is just the way I like it, pretty stable. I got those 2 French comments on my blog that I decide not to post because they were written in French. Quebeckers can be so arrogant, thinking that they have the right to post comments in French on my blog. So typically Quebecker. It was about a guy saying that he knows Derek Foster (but we all know Derek Foster!!!) lol. And the guy was saying I should move to Gatineau (which is located close to Ottawa) and work for federal agencies, that I could be less annoy by Quebeckers… Well, I work before in Ottawa and it was full of stupid Quebeckers and between Ottawa and Montreal, Montreal is way much better because yes, there’s Quebeckers here but there’s a lot of people like myself coming from outside Quebec. Montreal is more multicultural and I met great people here. Ottawa-Gatineau is full of Quebeckers and part of the reason why federal government does not perform too well it’s because it’s too full of Quebeckers, doing nothing at all. Canadians are paying the big price for a unite Canada and it does not worth it. Not with those hypocrites voting for Duceppe but working in senior positions in federal agencies. I had been there, I worked in many agencies through staffing agencies and I am able to tell, Quebeckers are killing this country. I have many stories to tell and I may have the time to write about those another time. To get more deeper into the specific see.

Yellow Pages Income Fund (YLO.UN) dividends for August 2010 are in

I made it! I had reached my second online income payout of 100$ for 2010. I would like to make a third 100$ by the end of 2010, if possible and, why not even more… I guess I will be spending the 100$ on an Acer 10” mini laptop. The mini laptop is at 279$ at FutureShop. It come at 314$ after taxes. So I will only have 214$ from my pocket to pay for. Not to forget a case I will have to purchase to protect the laptop… Anyhow, it will be a nice birthday gift from me to me. Don’t forget, it’s my birthday somewhere at the end of the month lol! I am in need a good pair of shoes too. I won’t be able to wear my sandals forever… I love the sandals I purchase earlier this summer. They are black Columbine sandals, very comfortable. Sports Expert has that sale going on where you purchase one item, and the second is 50% off. I don’t know if it’s over now. Columbines work well for me. My winter boots are also Columbines and I had them for 3 years now. Since there’s overtime this week for a second week at a row at my daytime job, I may make enough to cover the cost of my laptop AND make my next investment of 100 units of David + Henderson Income Fund (DHF.UN). That will be quite of a challenge and involve me doing over 50 hours this week lol…… Anyhow, I’ll see how it goes.

This weekend had been quite easy as I just work my usual weekend shift and it’s about it. Some people are really getting annoying at my weekend job and there are so a bunch of Quebec morons there. It’s unbelievable. I am just not getting use to it. I didn’t apply for any credit line over the phone like I wanted to. And it’s not a Quebec jerk who’s going to refuse me because I am going to call the English line for all the places I am going to apply to (because I could get refused…). I am going to try to take care of this tomorrow morning. My investment project is going on so fine. I received this weekend Yellow Pages Income Fund (YLO.UN) dividend, a nice and gentle 30.01$. I guess it will DRIP on Monday or so. I should receive around 4 new units of Yellow Pages Income Fund. The dividends are slowly adding up. I think this is the first ever I am receiving a 30$ from Yellow Pages Income Fund (YLO.UN). Hope one day I will have enough to espace from Quebec province forever.

I need more credit

It’s been a great week. I made some extra hours at work. I went to a barely 30 hours per week to 44 hours… My goal was to do 50 hours this week, but I wasn’t able to reach that number of hours because today I just do my regular 5.5 hours… The weather was beautiful in Montreal today, very difficult to stay inside and take calls in those conditions. But good news, there’s still overtime next week. This is kind of very nice because I will definitively be able to make my next investment, 100 units of Davis + Henderson Income Fund (DHF.UN) by the end of this month! And by the end of the month, it will be my birthday! I have my eyes on a mini Acer laptop, those 10’’ ones. I would like to buy one of these. I could carry the mini laptop everywhere I go and log in to the Wireless basically everywhere I went. Sweet. I wasn’t able to find a pair of Gisele Bundchen sandals anywhere I went today and I went to several stores downtown. They appear to be all sold out.

Talking about dividend, I receive this week Just Energy Income Fund (JE.UN) dividend (76.77$) and Pembina Pipeline Income Fund (PIF.UN) dividend (54.73$). The dividend keeps adding up! I really hope that one day I won’t have to work as hard as I am working right now. At a point, just working part-time, cashing in the dividend could be just so the dream. But knowing myself, I might continue to work just to be able to invest more… and why not, pay off those heavy debts that I have lol. Anyhow, let’s update my dividend earnings and see how the DRIP strategy had worked so far:

My non registered Stocks and Units investment portfolio
Sprott Inc. (SII): 515 x 0.10 cents + 0.04$ special dividend =
72.10$
Bank of Nova Scotia (BNS): 107 x 1.96$ = 209.72$
Methanex Corporation (MX): 103 x 0.62$ = 63.86$
Fortis (FTS): 106 x 1.12$ = 118.72$
Pembina Pipeline Income Fund (PIF.UN): 423 x 1.56$ = 659.88$
Just Energy Income Fund (JE.UN): 748 x 1.24$ + special dividend of 0.20$ = 1 077.12$
Yellow Pages Income Fund (YLO.UN): 450 x 0.80$ = 360$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 x 2.90$ = 290$
Pengrowth Energy Trust (PGF.UN): 208 x 0.93$ = 193.44$
Enbridge Income Fund (ENF.UN): 314 x 1.15$ = 361.10$
Corby Distilleries Limited (CDL.A): 200 x 0.56$ = 112$
Davis + Henderson Income Fund (DHF.UN): 100 x 1.84 = 184$
Premium Brands Holdings Corporation (PBH): 200 x 1.18$ =

236$

TOTAL: 3 937.94$
+ my next investment in David + Henderson Income Fund (DHF.UN) (184$)
= 4 121.94$

My TFSA investment portfolio
The Consumers’ Waterheater Income Fund (CWI.UN):
408 x 0.76$ = 310.08$

I am leaving my RSP portfolio behind, as it’s not possible to cash in the dividend coming from a RSP broker account.

OVERALL TOTAL: 4 432.02$ (or 369.34$ per month…)

I can say that overall the DRIP had worked well. It’s definitively worth it to reinvest the dividend in order to earn new stocks and units each month. Seem like TD Waterhouse IS offering the DRIP discount so, that might also help I guess. Once I will earn 400$ per month in dividend (or an annual 4 800$), that will be quite something. I am not too far away from that amount.

Regarding the debt, I have that 1 000$ and something currently at CIBC Visa at 3.5% or so. The special interest rate is going to expire in September. At this point, of my investment game, I am not in position to pay off any debt because if I do, I may not be able to reach the 100k portfolio by the end of 2010. So this situation is kind of a dilemma for me. I am already full pack of debt, but I wonder if I could get approved for a credit line at RBC or CIBC at a low interest rate. So I am going to do my request this weekend and see if something can be done for me. I could have used margin on my portfolio but I am feeling very insecure about it. A pro would have use margin, a Derek Foster imitator….. credit card balance transfer lol. At this time, I don’t have any room left for credit card balance transfer. I didn’t receive new credit card balance offer from RBC Visa or CIBC Visa, just from TD Visa and my TD Visa is currently “fully” full… So I am in need of a miracle. But you know, sometimes, miracle happens.