Tuesday, September 25, 2007
My search for RRSP solution continue
Monday, September 24, 2007
About my RBC Global Resources Fund
On
On August 31, I buy a total of 28.39 units of the RBC Global Resources Fund at 35.2159$. That was in
I just like mutual funds and I just don't understand why people try to avoid so many fees when buying mutual fund and I don't understand the "couch potato" thing, when people buy e funds or try to buy funds having the lowest fees. Focus should be put on how much the manager is able to get from is fund and not the fees.
Thank you Mr. Chris Beer.
[Chris Beer is the main manager of the RBC Global Resources Fund]
A 4% savings account with RBC
But surprise, with that 378.37$, I can happily say that I have 29 082.40$... I don't have it yet, but hey, I have to motivate myself in a way in another, so I hope no one will mind if I change the actual 28 704.03$, for 29 082.40$... I am changing it right away... And I am forgiving the tax once again...
I learn that with PC, I could have a free bank account, but they don't offer it to Quebec residents, which is really too bad.
Same thing with ING Direct. ING have start offering mutual funds, but they only expose this offer in the English version of their Web site. It's because they do not sell mutual funds to Quebec residents. Being in Quebec is very frustrated for me because I pay more tax in my non RRSP investing and their are some good offers that I am missing.
Thursday, September 20, 2007
I have 9 459.13$ sleeping in my bank account
I am quite busy and I will be until December. Until there, I will have to continue to work at 2 jobs at the same time, doing 33 hours at one and 37.5 hours at he other one. It's not as bad as it look since I can sleep in Sunday morning. It's just that I do not have too much time to deal with other things, like, for example, looking for an account that will keep my money save and will provide a high interest. I want to be able to have access to the money at any time, whenever I need it. And doing my laundry and my grocery can be quite challenging, especially when I decide to sleep in on Sunday. I begin to work at 12 on Sunday. Anyway, the work schedule is crazy and I am quite excited about my mutual funds. I made over 900$ by doing nothing except investing. I just knew that my mutual funds would get better. I just hate the summer that we had.
It's still easier to give a call to Caisse Desjardins and ask for the rate they have for one of those placement that you can have access to your money at anytime. Last time, I had a 2.5% with Desjardins and I could have access to my money at anytime. I just needed to give another call so the interest and the money go back in my regular account to access to the money.
As you can see, I am still a beginner and I have too much to do with my little money.
Wednesday, September 19, 2007
My Money News
Bank account: 9 459.13$
ING Direct: 289.44$
TOTAL: 9 748.57$
Value of my non RRSP Mutual Funds:
RBC Global Resources fund: 1 050.61$
RBC U.S. Mid-Cap Equity Fund C$: 2 302.03$
RBC O'Shaughnessy Canadian Equity Fund: 3 418.03$
RBC O'Shaughnessy International Equity Fund: 971.87$
RBC O'Shaughnessy All-Canadian Equity Fund: 1 153.34$
Fonds Desjardins Fidelity Frontière Nord: 1 306.06$
TOTAL : 10 201.94$
Initial value: 9 300$
Total of money made in mutul funds: 901.94$
Sunday, September 16, 2007
My first 10 000$ credit card
The Visa Caisse Desjardins offer a credit card at 9 and something percent interest. I ask for a credit card with RBC because since I have more than 5 000$ with them in mutual fund, with a credit card, I can have a free bank account and a special account where I can buy my mutual funds by myself. I will no longer need to get through a representative, which is great, because every time I went to buy a fund that I really want and that I am excited about, I am having problems. Representatives have to respect different % in the mutual funds you buy, so you cannot always have the funds you want. It's the rule, but let's breaks them and makes things on my own little way.
For example, the first fund I buy was RBC O'Shaughnessy Canadian Equity Fund. I gave 2 000$ on that first time. Later on, I put another 1 000$ in the fund, just before it's close to new investments. After that, I wanted to buy the RBC Global Resources fund, but I was told I couldn't. Anyway, it gets very annoying and last time I went to RBC, I had to buy a
I hate my RBC O'Shaughnessy International Equity Fund and my RBC U.S. Mid-Cap Equity Fund C$. I will get rid of those as soon as I can. For one, the International Equity Fund, the 90 days period is over so I can sell it whenever I want. But in date of today, the initial 1 000$ I invest in it only worth something like 971.14$. So I won't sold it now, I don't want to loose any money. I just hate the situation. I dislike International Fund. I also have distinct fund that buy at Manuvie and unfortunately, I have buy also there International distinct funds and I have to say I regret. I know I have to buy something else than Canadian fund, but International and US funds are just not that great. I also plan to get rid of my
Now that I have a RBC credit card, I just need to fix an appointment to open a bank account and the other special account, all for free. But that can wait, I don't need it now. I still have money to invest, but I am too busy with other thing for now. I just can’t wait for my first 50 000$. When I will reach my first 50 000$, everything will be a lot easier because the amount of money made on the 50 000$ will be a great return.
Monday, September 10, 2007
My savings until November 2007
New best buy
RBC Global Resources Fund: 1 000$
RBC
Those are ad to my previous investments:
RBC O'Shaughnessy International Equity Fund: 1 000$
RBC O'Shaughnessy All-Canadian Equity Fund: 1 100$
Fonds Desjardins Fidelity Frontière Nord: 1 000$
Total of non RRSP investment: 9 400$
I am just putting here the amount of the initial investment in here. I prefer not to calculate what they worth now, because are of those funds above are in red right now. I am closing my eyes for now and I will check the value of my funds when they will be back in green.
Update regarding my credit
Credit update:
Consolidation with AE at 7.99%: 2 200$
TD Visa: 0$
TD line of credit: 0$
CIBC Visa: 1 600$
I have 3 800$ in credit debt.
Wednesday, August 15, 2007
My favorite mutual fund: RBC O'Shaughnessy Canadian Equity Fund
Unfortunately, the fund is now close to new investor. I am very proud to have it in my portfolio! I begin with a first 2 000$ in November 2006 and later on, just before the fund close, I put an extra 1 000$ into it, in January 2007.
What's important for me, for a long term basis, is to be able to say to myself: I didn't loose any money with the product and I have a good return on my money for a long term basis. It's the reason why I prefer for now mutual funds.