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Saturday, May 30, 2009

My portfolio at Great-West Life

At one of my late job (I no longer work there anymore) we had a Group Retirement & Saving Plans. The employer contributes to it, and as an employee we also had to invest in the program, even if we didn’t want to lol.

The value of my portfolio in date of March 31 is of 1 451.71$. The value of my Great-West Life portfolio in date of January 2009 was of 1 471.95$. Since that time, I lost 20.24$. When I first pick my mutual funds, I didn’t know too much about investments.

My Great-West Life portfolio largely includes fix income. I do not regret the choice; it’s actually giving a bit of stability to my overall portfolio (stocks, units and all other included).

Let’s check out this other awesome portfolio of mine.

My Great-West Life portfolio:

Leith Wheeler Canadian Equity: 207.30$ (14.3%)
Bissett Small Cap Fund: 161.43$ (11.1%)
Trimark Candian Bond Fund: 442.06$ (30.4%)
McLean Budden Fixed Income Fund: 182.58$ (12.6%)
TD Canadian Bond Index: 275.94$ (19%)
London Life Mortgage (LC): 92.58$ (6.4%)
GWL Investment Management Ltd. (GWLIM) Real Estate Fund: 89.82$ (6.2%)
TOTAL: 1 451.71$

It’s all about dividend income now

About my Livingston International Income Fund (LIV.UN) dividend

Just yesterday, I had received 4.28$ in Livingston International Income Fund (LIV.UN) dividend. The amount was unfortunately not enough to purchase even 1 unit of LIV.UN. I transfer the little money as payment on my credit line. I won’t receive any more LIV.UN dividend for quite a while now that Livingston International Income Fund had announced a temporary suspension of their distribution. Very sad. But while LIV.UN is cutting its dividend, some other companies of my portfolio continue to pay dividend. And they are, among other…

And also Sprott Asset Management (SII)!

Just today, I had received 12.50$ in dividend from Sprott Asset Management (SII)! It’s make an extra 12.50$ I can transfer as payment of my credit line. And I truly need it. The dividend had been deposit in my account in date of June 1, but I already received the dividend on date of today in my account. Strange!

And for Fortis?

For the month of May, I taught I was supposed to receive some Fortis (FTS) dividend, but I didn’t received anything so far coming from Fortis. Maybe I done a mistake in the distribution date, it’s something I have to verify. Or call TD Waterhouse lol…

Waiting for Energy Savings Income Fund (SIF.UN) dividend

The only dividend earning that is currently missing from my portfolio for the month of May is the one coming from my “investment rock”, Energy Savings Income Fund (SIF.UN).

This week, SIF.UN had announced their name change. I find this name change useless because I really like the name Energy Savings Income Fund. Starting June 1, SIF.UN will become Just Energy Income Fund. I don’t like the new name at all. Energy Savings was much more classy. Just Energy sounds like a cheap product name. I just hate it! As a unitholder of Energy Savings Income Fund, I would have like to vote their name change. And of course, I will have vote against it. Instead of changing of name, SIF.UN should have changed the look of their Web site if they wanted just to have some change. I just don’t like their Web site at all.

And about other things

And talking about investment and dividend, this week was officially my last week of free time. It’s been very cold in Montreal this last week and it was not the perfect weather for outdoor activities like I wanted to do. I pass enormous time blogging, trying to make money online. I also work at my 2 jobs like usual. I am doing quite fine. The TSX had close for the month of May at more than 10 000 points. On Monday, I will begin like plan my job search. I will probably have less time to spend on my different blogs, but it’s not about what is the most important thing at this time. Right now, I would very much like to add 200 units of BA.UN to my portfolio. I think I will be able to make it by the end of the summer if only I can find myself a day-time job. I am just hoping everything will turn out for the best.

If am not being successful at making money online, at least, I want to be able to reach my dividend goal which is to reach 2 000$ in dividend earning income by the end of this summer.

I am kind of exciting by my upcoming job search and I cannot wait to see what will happen.

Monday, May 25, 2009

Thinking about Derek Foster

I had been thinking about Derek Foster lately. Fact is, because he had sale big part of his portfolio a couple of months ago, taxes are going to be horrible for him next year! I just hope he won’t have to pay out too much in taxes. I had so much trouble with my own taxes this year. I am quite happy to have this behind me now.

I remember my reading of Stop Working. In his first book, Derek Foster, somewhere in his introduction, talked about things he would like to do rather than working. One thing was about building Web site, another one to do the military training, among other. Now that he had sold out biggest part of his investment, I wonder what Derek Foster is now doing, if he had joined the military or what else lol.

Derek Foster should start a blog of its own and applied Google AdSense ads into it. Wouldn’t be cool lol?

My upcoming projects

It’s officially my last week of free-time and I there’s so much I want to do! Time is running too fast! I won’t be able to do it all in one week! Knowing this, I came with a taught... why not keeping things the way they are and just enjoy the summer time? How about that lol?

It’s a decision I will take at the end of this week. But I already have the answer in my head. I am not too much into money with the beautiful summer that’s coming ahead. I never really took the time to enjoy my summer those last years and having from the morning until 3 in the afternoon won’t be too great for my portfolio, but it could make a difference in my life, just to do whatever for 3 months during weekly daytime. It was so lovely today in Montreal! It was the perfect weather! I was working, as soon as I arrived from work, I clean my place. I did my laundry. And my tinny little apartment is now spin and clean. It’s a lot better know and I am feeling much better too lol.

But I still have so many things to do and it’s so annoying because the only thing I want to do when I am currently not working at one of my 2 jobs is well, to write on my blogs! Life can be that distractive!

One of my goal is to reach 2 000$ in dividend earnings by the end of the summer

I believe I might have talk about this before. I fix myself a goal to reach 2000$ in dividend earnings for the whole year by the end of the summer. The crazy girl that I am is going to make it happen even if, probably, I won’t be working during day-time this summer lol.

How I plan to make it happen

Here’s the plan. I already have 1 590.92$ plan in dividend earnings. I am only missing 409.08$ in order to reach my 2 000$ goal.

As next investment, I was thinking about Bell Aliant Regional Communications Income Fund (BA.UN). Unfortunately, Bell Aliant Regional Communications Income Fund is expensive. I would need at least 200 units of BA.UN and I will probably around 5 500$ to make the investment. I do not have any cash available at this time. I can save let say 1 100$ per month. At the end of the summer, it will be around 3 300$ top I will be able to save; it’s about all, without day-time job.

I was thinking as back-up Pembina Pipeline Income Fund (PIF.UN), but I will probably need at least 4 500$ I believe in order to do the investment. It will be 300 units of PIF.UN. At TD Waterhouse, units can only be purchase by 100 at a time, from what I understand.

I have just a little savings in ING Direct, not even 300$. I might withdraw it, but it won’t be enough. So now, what do I do?

At this time, the conclusion will be: I really need a day-time job lol!!!!

But since I didn’t decide yet, I modify the goal: instead of the month of August, I am giving myself until the month of October…

Whenever my 2 000$ dividend income will be reach, I set myself another goal.

200$ per month in dividend earnings

This one is heavy business. I had been thinking about this goal for a little while now. In order to reach 200$ per month, in a year, I need 2 400$. Once my 2 000$ dividend earning will be completed, I will only be missing 400$ in order to receive 200$ per month in free cash… 200$ is valuable money knowing that my cost of living is quite low.

I am really into this whole dividend deal!

And not to forget about my 2009 RRSP

Busy time! Summer is not yet over yet that I am already thinking about my 2009 RRSP… My goal for this one is to invest as much as possible into my RRSP once the 200$ per month in dividend earning goal will be reach.

For the taxes of 2009, I really want to pay very little extra taxes.

Sunday, May 24, 2009

I have other investments rocks in my portfolio

I decide to do other things than blogging since this upcoming week since it’s going to be officially my last week without having a day-time job. I decide to do stuff I wanted to do for a long time, like to do some shopping, borrow books at the library, open a broker account with i-trade (I will get back to this one), going to take a walk in the Old Montreal and go swimming! I have no clue where to find the closest interior swimming pool of my area…

After feeling so much back pain, I decide it was time to get some exercise. I am basically in front of a computer maybe 14 hours – even more per day. Thinking about it, it’s very horrible! This evening, I didn’t exercise that much, but I went see a movie, Angels & Demons, very good, beautiful images. And as always, Tom Hanks is at his best.

This last Friday, I was able to see my team leader at my evening job. I am working full-time next week. There’s been a mistake in the work schedule. Bunch of people like myself actually had the same problem. But seems like my problem is resolved now and I am going to be able to fully enjoy my last week of free time.

I have still have a lot to do… My place is a big wholly mess right now lol. Since I had try very hard to make money with my different blogs, I didn’t spend to much time on cleaning. But get a time when cleaning is needed. I won’t be able to stand it too much longer. About my blogs, the funniest of call is title International Organization of Prepaid Workers, which I find completely hilarious. Another one is Advertisement for Blogs, Happy and Simple Living and, of course, The 200 Project Blogs, among other. I really had a lot of fun with all of those multiple blogs. But the key to become a successful blogger – or should I say what I believe can push and drive someone to become a successful blogging is too post regularly and one day, the blog become fully searchable. One idea I have as a next post for The 200 Project Blogs talk about the difficulty of being searchable on Google.

The Energy Savings Income Fund (SIF.UN) had been included in my portfolio since May 8. I said about Energy Savings Income Fund that it’s being considered as being an “investment rock” by its chief. Since I invest in 200 units, the unit didn’t gain any value. But this course, do no effect my perception of SIF.UN – I just like to rising the value of my investments.

Talking about my investments, I had received my Pengrowth Energy Trust (PGF.UN) dividend for the month of May this last Friday. I had received 51.90$ in Pengrowth Energy Trust dividend. I now officially hold 525 units of PGF.UN. Which I really like. I just hope there will be no dividend cut coming from PGF.UN. They already reduce their dividend to 1.20$. But still, per month, I make 51.90$ – and even more since I DRIP – from the investment and I really like it! I just hope it will turn out for the best for me because I really work hard for my money. I accept the risk – but still, I want to be able to earn some money and earning dividend is one of the best thing that have ever happen for me in years! I just had to learn about stocks and units and voilà, I am a beautiful and rich young woman lol. And I all own it to the very marvelous Derek Foster. Except for my beauty lol.

Other great news about my investments

My fantastic Creststreet Alternative Energy Fund is up to 1084$! I like this fund! Isn’t cool to make money like that just from one investment? Creststreet Alternative Energy Fund had giving me faith on the value of investing again.

Pembina Pipeline Income Fund (PIF.UN) is slowly growing in my portfolio. The value of my Pembina Pipeline Income Fund units had increased from a couple of dollars. I cannot tell how as I cannot log in – again – to my TD Waterhouse broker account. I can actually access to my account, but I cannot visualize my investments.

I do not recommend TD Waterhouse to anyone! Both system and customer service are total craps! Distushting! I am paying 29$ per transaction and I got some system error problem. But like this is not being enough, I am being asked to call than… If problem persist, please call… I don’t have time to call! I am a blogger! Of course, I have sometimes received good customer service from TD Waterhouse. But not being able to access to my account whenever I want is unacceptable!

Let’s move on. Next…

Regarding upcoming dividends that I am supposed to received in May

I taught I was supposed to receive Fortis dividend earlier this month. But I didn’t receive anything yet. Next should be 4.28$ coming from Livingston International Income Fund (LIV.UN) and also 20.66$ from Energy Savings Income Fund (SIF.UN).

Unfortunately for me, it’s going to be the last time I will be earning some money from Livingston International Income Fund as the company had announced a suspension of their dividends for the next couple of months.

Those could be seemed as ridiculous amount of money – and actually it is – but knowing that those are the amount of my dividend earnings, it’s just not the same thing. This is powerful money!

Friday, May 22, 2009

What's going on?

Yesterday at my evening job, I took a look at my schedule, like I do for every week even if I work on a regular 16 to midnight basis. For next week, I am only schedule for Monday, from 16 to midnight. Seem like for next week, I will only be working 4 days! It’s going to be very rough on my budget if it’s the case. I was so shock by the news that I felt a heavy pain on my lower back. It was horrible. I am still having back pain at this time, but it’s not so bad. But still!

We are very busy right now with the calls. Just yesterday, calls didn’t stop from 16 to midnight. There’s no reason why my hours should be cut like that.

But the situation is not desperate yet. Maybe it’s a mistake on my schedule. I was not able to very as my team leader was not on duty yesterday. But he is in today, I left a not at his desk and I am going to see him at 4PM. I just hope it’s going to be ok.

For the month of June, I am going to be ok. I will be able to pay off all of my expenses. But problems could begin to show up in July. If I am only working on Monday next will, I will begin my job search this weekend. And for June, I might just do the minimum payment on everything, credit card and so on. Also, I had all those blogging projects I wanted to work on. I was supposed to be job searching only in June. In the meantime, I was supposed to be taking a rest and working at my blogs. All of my plans seem to be broken.

I am facing a very difficult situation right now. Cannot wait for 4PM…

Wednesday, May 20, 2009

Energy Savings Income Fund is an investment rock

The expression “investment rock” had been used by the Executive chair of Energy Savings Income Fund (SIF.UN) in her latest press release. I really like the expression “investment rock”. As a small investor, I am in great needs of solid investments. I truly believe that SIF.UN represents a good investment. I am very proud to have SIF.UN included in my portfolio.

Here is some of the context where the Executive Chair had used the expression “investment rock” to describe SIF.UN:

“I like to think of Energy Savings as the fund for all seasons. Since our IPO eight years ago, we have seen good weather and bad weather, skyrocketing commodity prices and collapsing commodity prices, good economic times, and the worst recession since the 1930s. I would like to think that Energy Savings has been an investment rock throughout the entire period, providing predictable, reliable and growing cash flow to our investors every year, just as I promised at the time of the IPO.”

And the good news just keep rolling and rolling through the rest of the press release. According to RM, SIF.UN fourth quarter of fiscal 2009 had been, to repeat her words: “the strongest quarter in the history of the company”. Is there anything better that can be said about SIF.UN?

While being in a major recession, SIF.UN declares its best result ever. Those are good news for unitholders of SIF.UN like me.

Just like Sprott Asset Management (SII) who had provided a special dividend to their stockholders, SIF.UN had paid a special distribution to their unitholders. In 2009, the special distribution of SIF.UN had been of 16.5 cents per unit.

But isn’t strange that SIF.UN had also a net income loss of more than 1 billion? Is it normal for the Executive chair to publicly declare that SIF.UN had its best result ever when they had at the same time a net income lost of exactly 1 107 473 000$? This is the most complicated part and I don’t know for sure – for this specific reason – if SIF.UN really represents a good investment.

At this point, it does begin to become just a bit too much complicated for me lol.

I finally received part of my May dividend

I just take a look at my broker account and I finally received my Pembina Pipeline Income Fund (PIF.UN) dividends. I earn 13.13$. Unfortunately, it was not enough to cover the cost of one unit. The value of PIF.UN is currently of 14.07$.

At this time, I am still waiting for my Fortis and Pengrowth Energy Trust dividend.

Tuesday, May 19, 2009

I am still waiting for my dividends

For the month of May, I should received about 129.36$ in dividend money.

I didn’t received my dividend from Fortis (26.26$), Pengrowth Energy Trust (51.90$) or either from Pembina Pipeline Income Fund (13.13$). It’s because I had enroll to a dividend reinvestment plan (DRIP). I begin to worry for Fortis, because the distribution date was back on May 8 and I didn’t receive anything yet. A while ago, I was told by a TD Waterhouse representative that to receiving dividend when enrolling to a drip could takes a couple of days before actually receiving the new stocks. So let’s be patient for once lol.

The Benefits of participating in a DRIP

The dividends I am earning from Bank of Nova Scotia (BNS), Methanex Corporation (MX), Fortis (FTS), Pengrowth Energy Trust (PGF.UN) and Pembina Pipeline Income Fund (PIF.UN) allow me to earn new stocks at the same occasion as receiving dividends. I enroll in a DRIP for those companies by calling TD Waterhouse. I ask them to register to a DRIP for current investments. I was told that all new acquisitions will automatically DRIP – if eligible.

Its unfortunately not all companies who offer a DRIP program. There’s no DRIP available at this time for Sprott (SII).

The DRIP is a very good program for me. I am still at an early stage in building my portfolio. Later on, I might just cash in the dividend money and it will go directly to my pockets.

I find an ad for a part-time job in a newspaper. The hours are flexible and the workplace is located downtown Montreal, close to my evening job. I had been giving myself off until the end of May. But I will apply to this job tomorrow. I really want to earn more money in order to purchase at least 100 units of Bell Aliant Regional Communications Income Fund (BA.UN) as soon as possible.

Sunday, May 17, 2009

What will be my next investment?

I just have left 2 weeks until the beginning of June, than I will begin my job search for a day-time job. I just hope to be able to find something what will fit in my schedule. I am available at anytime from 8am or even earlier to 3:30pm. I would very much like to find something. The extra money made will allow me to increase my portfolio and I cannot wait to reach my first 50 000$ in investment. It’s getting interesting.

Those last few days had been quite chaotic. I really work hard at trying to make money online and currently, most of my free-time is being giving away on trying to make money online. I now reach over 700 followers on Twitter and I continue visiting my followers’ blogs from time to time.

I start a couple of blogs. Lately, I had been trying to make money online like crazy. I started a couple of blogs all over the place. One blog that I just started but I already like very much is a blog call The 200 Project Blogs. I am very proud of that blog even if I am still at the early beginning. If you like, you can check it out. I start out multiple blogs lately, but the funniest one is a blog that I title this way: International Organization of Prepaid Workers.

All of this of course have nothing to do with investment, but if it happen I can earn just a bit of money from those blogs than, automatically, they will become part of my investment plan. I would very much like to make money from Google Adsense program. I cannot believe I am going to be job searching in about 2 weeks from mine. The whole job searching process is already plan now and I wrote it down in my calendar…. Seem like I have no choice.

As for my next investment, I would very much to invest in 100 units of Bell Aliant Regional Communications Income Fund (BA.UN). BA.UN annual dividend is of… 2.90$ per unit!! And BA.UN latest had been very strong and I truly believe it’s a good company to invest in. I might only be able to make another investment in 2 months from now…. Running out of cash…

Thank you

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