Oh no! Pembina Pipeline Income Fund (PIF.UN) cancels its DRIP!

Believe it or not, I call 2 times my broker for the following reason: the dividend earned this month of Pembina Pipeline Income Fund (PIF.UN) didn’t DRIP! How come? The money was lying there in cash in my broker account. I wait almost the whole week and nothing, no DRIP! Awful!

But in 2 times, my broker had no idea of what was going on! The answer I got was something meaning: if it didn’t DRIP, its mean there’s no DRIP. Whatever! But you have to know that in the meantime, I had cancelled my DRIP because I taught I was going to transfer everything at iTrade and I didn’t want any transfer problem among the way. So I left my DRIP cancelled for about 2 weeks or so. Once my RSP loan got refused at Bank of Scotia (BNS), I decide to stay with my current broker because hey, business is business. So I really taught it was because my DRIP had been removed that my dividend of Pembina didn’t DRIP. But this wasn’t the real reason at all! The main reason being that Pembina cancel it’s DRIP! This is a nightmare!

Ok, you might tell yourself: calm down, it’s only a DRIP! Yeah, your kind of right. But did you know: 1 unit of Pembina Pipeline Income Fund (PIF.UN) = 1.56$ in annual dividend? This month, a DRIP would have provided me at least 2 brand new units! And 2 brand new units = 3.12$ in annual dividend money! See where I am coming from?

Anyhow, there will be no more extra unit of Pembina Pipeline Income Fund (PIF.UN) because the company decides to cancel its DRIP program. Kind of sad for us who worked so hard at building a strong investment portfolio. But good news: Pembina Pipeline Income Fund had confirmed a 1.56$ dividend per unit until 2013. It’s very good news for investor. Ok, this means that no dividend increase is being plan for PIF.UN until 2013. But 2013 is just in 3 years from now. And at a 1.56$ annual dividend, PIF.UN is a generous dividend payers. So when it comes to Pembina Pipeline Income Fund (PIF.UN), it’s definitively a hold for me.

My stocks & units investment portfolio in review on date of March 17, 2010

Very exciting to see the TSX at more than 12 000 points again. Like this wasn’t a one hit wonder, the 12 000 points is in the house and it’s for real! And it’s had positive effect on our investment portfolio. We note a small increase of our stocks and units investment portfolio, which is at 43 624.51$. Compare to March 5, when our stocks and units portfolio was at 43558.60$, it’s represent a nice gain of 65.91$. The goal is not to see the portfolio gain 200$ overnight, it’s mostly about having a stable portfolio, with continuous stable gains. So I am a point where I really think I am going to reach the 100 000.00$ in assets by the 2010.

Interesting gain today in my portfolio. Seem like Fortis (FTS) will soon hit the 29$ per stock. At 12.91$, we can say that Enbridge Income Fund (ENF.UN) is almost at 13$ per unit. And so on… My portfolio is doing very very well. For Bank of Nova Scotia (BNS) alone, I gain 560$ from this investment! I first purchase 100 stocks of Bank of Nova Scotia (BNS) when its stock value was at 44.82$. Bank of Nova Scotia (BNS) is now at 50.17$! I earned even more from Methanex Corporation (MX). Back than, I didn’t know too much about Methanex Corporation (MX) but I have to say, this pick pay me well! I first invested 100 stocks of Methanex when its value was at… 15.79$! The stock value of Methanex Corporation (MX) is now at 26.49$... and I now own 103 stocks of Methanex Corporation by the magic of the DRIP. This represent a profit of 1 102.10$! I also did very very well with Pembina Pipeline Income Fund (PIF.UN). My initial investment of 6026.17$ in Pembina Pipeline Income Fund (PIF.UN) now worth today 7091.21$. It’s an increase of 1 065.04$! That’s nice, isn’t? But I am not done wet!

I also did pretty well with Enbridge Income Fund (ENF.UN). I first invested 3 634.28$ in Enbridge Income Fund (ENF.UN). And currently, the very same investment worth 3 924.64$, which represent an increase of 290.36$. Nice little gain.

We can certainly continue with Fortis (FTS). I initially invested 2 625.63$ in Fortis (FTS). Currently, my Fortis (FTS) investment worth 3 041.85$. Profit = 416.22$. Kind of cool!

Ok, and what about Just Energy Income Fund (JE.UN)? Well, my initial investment in Just Energy Income Fund (JE.UN) was of 5 556.77$. The same investment in Just Energy currently worth 6 002.37$. Gain of 445.60$! After what, come and tell me I don't have it! lol :)))

And also Yellow Pages Income Fund (YLO.UN). I first invested 2 248.27$ and I am now at 2 593.67$ when it come to Yellow Pages Income Fund (YLO.UN). The increase? Of 345.40$. WOW!

I had done well with recent pick also. I am very proud of my Davis + Henderson Income Fund (DHF.UN). I first invested in 100 units at 16.88$. Davis + Henderson Income Fund (DHF.UN) is currently at 17.77$. Which represent an increase of 89$. Nice!

My Corby Distilleries Limited (CDL.A) remains stable. I had purchased 100 stocks at 15.30$. The stock value is still the same, at 15.30$.

And not to forget about Jean-François Tardif, our Premium Brands Holdings Corporation (PBH) did quite well! We initially invested 2 899$ in Premium Brands Holdings Corporation (PBH). The same investment now at 2 936$. Gain of 37$!

As part of my strategy, I try to time the market. By timing I mean I invest when I think the stock price is good. That’s how I acquire Bank of Nova Scotia (BNS). At 44$ per stock, I knew I was doing to good investment. For me, it was clear that BNS was definitely going to increase in value in a not too far future… And here we are, on date of today, just a couple of months later, I gain more than 500$ from the investment.

But I do not always time the market as my goal is to invest on a regular basis, no matter what’s going on the stock market. And I did quite well! Of course, Derek Foster is a major inspiration. And I am going to say thing simply and easily: Derek Foster kick ass!!

We talk about my success…. But I also had failed in many occasions. So the major gains I made help to recover from great loses. In order to avoid any loses; I mostly try to stick to Derek Foster plan. I also try to diversify my assets.

So here about my failures:

Blue Note Mining (BNT)
Initial investment: 689$
Now worth: 46$
-643$

Dumont Nickel (DNI)
Initial investment: 661.50$
Now worth: 460$
-201.50$

Hanwei Energy Services (HE)
Initial investment: 674$
Now worth: 114$
-560$

Sprott Inc. (SII)
Initial investment: 4 952.57$
Now worth: 2 215.59$
-2 736.98$

And the last one that I was keeping for desert, the one and only:

Timminco (TIM)
Initial investment: 4 065$
Now worth: 222$
-3 843$

TOTAL: -7 984.48$

Belive it or not, the genius investor that I am lost 7 984.48$ in the stock market. But great news: all of those investments had been done some times ago. My greatest regret is Sprott Inc. (SII) and Timminco (TIM). Who’s the responsible for my loses? Myself on first place. But secondly, Eric Sprott. Eric Sprott the one and only is directly responsible for the lost of 6 579.98$! Eric Sprott company Sprott Inc. (SII) had lost some great deal of value. When Sprott Inc. (SII) arrived on the market. It was listed at 10$ or around per stock. I invested in 500 stocks of Sprott Inc. (SII). My investment in Sprott Inc. (SII) could have turned well if only Eric Sprott would had been intelligent enough to take good care of Jean-François Tardif when he was working for him. Last year, I earned around 80$ in special dividend of Sprott Inc. (SII). I received the special dividend of Sprott Inc. (SII) just a couple of days ago. The amount earned? 12.62$! We are very far from the amount earned back in special dividend 2009 from Sprott Inc. (SII). In 2009 like so far in 2010, Eric Sprott didn’t deliver.

For those who don’t have a clue of who Jean-François Tardif is, Jean-François Tardif had been a top hedge fund manager working for Eric Sprott. In 2009, Jean-François Tardif, in his forties, announced his retirement. At that time, little did we know about the reason why behind this early retirement. Eric Sprott is the direct responsible of the too early retirement of one of the most talented hedge fund manager. When Jean-François Tardif announced his early retirement, he was closed, from my understanding, to a burn out. He was always working, always reading financial statements, always managing, managing, managing. At a point, Jean-François Tardif asked Eric Sprott for some help: he couldn’t manage the hedge fund alone. And who could? Eric Sprott agree to provide Jean-François Tardif some assistants, but at the only condition that the assistants would also work for other managers of the house. At that time, Mr. Tardif was doing the work of 5 persons: we had declared to the Presse Affaires that he would have needed 4 to 5 assistants. But that help never come.

Feeling exhausted Jean-François Tardif preferred to call for an early retirement. Many professional in finance has to deal with those kind of situation (remember I got fired from BMO Bank of Montreal?). And also, remember Steve Martin who used to be the manager of Creststreet Alternative Energy Fund. What happen? Why Steve Martin is no longer the manager of Creststreet Alternative Energy Fund? Maybe one day we’ll know. See, we learn what happen to Jean-François Tardif at Sprott Inc. So one day, we’ll learn the true about Steve Martin and the Creststreet Alternative Energy Fund. And one day, you’ll know what happen to myself The Dividend Girl at the BMO Bank of Montreal! I am currently working on it!

Anyhow, what a huge mistake coming from Eric Sprott not to answer positively to Jean-François Tardif!

This year 2010 Sprott Inc. special dividend was a lot less because without Jean-François Tardif, Eric Sprott lost a lot of money. I hope investors had been smart enough to sell everything they hold at Sprott Inc.

On date of today, I hold more than 500 stocks of Sprott Inc. (SII). I also unfortunately hold a bit more than 5 000$ in the Sprott Canadian Equity Fund. If I sell those assets now, I am going to loose some money. But I am at a point where I seriously think about selling my stocks of Sprott Inc. (SII) and the parts I hold of Sprott Canadian Equity Fund for the simple and good reason that Eric Sprott is not a good investor. His Sprott Canadian Equity Fund is one those mess. I lost more than 2000$ in it. Why? I did very well myself with my investments in JE.UN, FTS, BNS and so on. So why can a professional do better than making me loose some money? Fact is, Eric Sprott is no longer who he used to be. Especially after the episode of Jean-François Tardif. Eric Sprott doesn’t even deserve the respect of investors.

To sell or not to sell the Creststreet Alternative Energy Fund

Things had been going great lately! Last week, I completed the forms in order to get what I had at BMO InvestorLine transfer over my current online broker account. The transfer had been done quickly and I was quite happy about it. It’s very fun now because I have everything at the same place, no more calculation needed. And it’s actually how I can say that my stocks and units investment portfolio is now at 43 578.44$... which is an increase of 19.84$ compare to March 5… Nothing to get very exciting about but still, a gain is a gain. And it’s a gain from my very own portfolio! Yeahhh!

About the Creststreet Alternative Energy Fund

And talking about my fantastic investment portfolio, since Steve Martin is no longer the manager of the Creststreet Alternative Energy Fund, I had taught about selling it. And it’s exactly what’s going to happen. If Steve Martin would still have been the manager of Creststreet Alternative Energy Fund, I wouldn’t had sold. But since he’s not… it’s a sell for me! I currently have a value of 1 159$ in the Creststreet Alternative Energy Fund. I didn’t pay any commission to TD Waterhourse to invest in the Creststreet Alternative Energy Fund. That was several months ago. But TD Waterhouse has commission when it comes to selling mutual funds you hold in your portfolio. My commission fee for selling what I have in the Creststreet Alternative Energy Fund is a bit more than 33$. If it wouldn’t be for my investment dividend goal and the fact that Steve Martin is no longer a manager at Creststreet, I wouldn’t sell.

See, we are currently at 284.40$ per month in dividend earnings. I am really looking into reaching the 300$ per month in dividend earnings. Currently, because I had been laid off of the job I had at BMO Bank of Montreal, I do not hold as much cash as I used to have before. But no worries; lay off or not, it doesn’t change anything. And guess what’s going to happen? We are going to hit the 100 000.00$ in assets in 2010 and by the end of March 2010, we are going to reach the equivalent of 300$ per month in dividend earnings. That’s being smart, isn’t?

Ok, so you might wonder what’s the plan, how the poor Dividend Girl who got fired from BMO Bank of Montreal is going to make it happen? The equivalent of 300$ per month in dividend earnings – she won’t be able to make it. But no way, it’s going to happen.

Here’s the how.

Current dividend earnings:

Sprott Inc. (SII): 507 stocks x 0.16$ = 81.12$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 105 stocks x 1.12$ = 117.60$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 433 units x 0.804$ = 348.13$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH):

200 stocks x 1.176$ = 235.20$
= 3 271.96$
+ let’s add 110$, supposing the DRIP system will provide an extra income of 110$
= 3 371.96$

We currently have the equivalent of 3 371.96 $ in annual dividend earning, which equal 281$ per month. We’re only missing 19$ per month to reach the 300$ in dividend passive income!

The sell of Creststreet Alternative Energy Fund should provided me around 1 100$. Nice. But which investment can we buy at 1 100$ that can provide us the equivalent of 15.60$ per month in dividend money? The answer, Derek Foster has it in his latest article that appear in the latest edition of the Canadian MoneySaver magazine.

The answer is this little marvelous that appears in the Canadian MoneySaver magazine: 200 units of the Consumers’ Waterheater Income Fund (CWI.UN). So very soon it’s going to be a “Wecome Consumers’, welcome in our investment portfolio: 200 units of the Consumers’ Waterheater Income Fund”…

The Consumers’ Waterheater Income Fund (CWI.UN) monthly dividend is at 0.054$ per month. At 200 units, we will only earn 10.80$ per month. But don’t forget the DRIP. The reinvestment of my CWI.UN dividend earn will provide us an extra at least 1 unit per month. Not that I want to be pessimistic, but CWI.UN value won’t double overnight. 200 + 12 = 212 units! And 212 units x 0.054$ = 11.34$

Nice, but 11.34$ is not the 19$ we desperately need to reach our goal. So what are we going to do? Well, for now, just pray for the Bank of Nova Scotia (BNS) to increase its dividend! And the 300$ in monthly dividend money will arrive sooner or later... or never lol.

Bank of Nova Scotia (BNS) may have refused my RSP loan request, but no matter what, the bank is doing well, with or without me as a loaner.

A TSX at more than 12 000 points... yeah and so what?

Kind of funny isn’t? It’s just that the TSX may had exceed the 12 000 points this very last Friday, but it didn’t bring much value to my investment portfolio. I just notice, I had received the dividend for Yellow Pages Income Fund (YLO.UN) (28.61$) and (PIF.UN) (53.69$). I just hope the dividend will DRIP. At this time, the money appears in cash in the account. I have to call my lovely friends of TD Waterhouse anyway because the money of my RSP didn’t get transferred into the RSP account yet.

Also, the 100$ for the RSP account haven’t been took yet, and I don’t want the fee to be take from the RSP account. Because RSP money is made for trading, not to be deducted for stupid RSP broker account fees. I say stupid because I do not accept that TD Waterhouse is making me paying a 100$ fee for a RSP account, just because I am going to have less than 25 000$ in it. I am not going to scream a I hate TD Waterhouse like I did before, but geessssss come on guys at TD! Those RSP fees are so unrespectful, stupid, awful! So terribly wrong. It’s wrong to ask fees for a RSP account. Want to know why? Because the f****** money cannot be withdraw from the account! The dividend earns inside a RSP account have to remain inside the f***** RSP account! lol! There’s no way of that sh**!

Anyhow, be and TD are in business since they gave me an RSP line of credit of 10 000$. So me and TD, it’s for life, even if their RSP fee sucks! Me and TD it’s for life. Not only because of the RSP credit line. I recently got an offer from TD Visa for a credit card balance transfer… at 4.9%! This offer available until April. I have my TD regular credit line that is almost full… And it’s at 8%. So guess what’s going to happen?

The magic world: PING-PONG!

We are going to have a ping-pong game one more time, one more time baby!

Ok, I can see your eyes rolling, your underarms getting wet… If you are not a regular reader, you’re going ask, what the hell the poor girl is taking about? Well, I am taking about a ping-pong game lol!

This is what’s going to happen on Monday morning:

I have a RBC Visa. I am going to withdraw in cash at the bank 5 000$. As soon as I have the cash, I am going to « run » to the TD closest branch, which is really next to RBC anyway, so no risk. And I am going to deposit 5 000$ on the TD credit line. After, I run back home, log in in my TD account. Complete the little form in order to get the 5 000$ from RBC Visa transfer to TD Visa at 4.9% for 6 months! This will allow me to save around 100$ in interest. After 6 months, I will simply withdraw the money from my TD credit line and place a 5 000$ on my TD Visa.

So, do you feel like playing a ping-pong game? I do.

Doing great with Premium Brands Holdings Corporation (PBH)

Just a couple of days ago, I had place my latest trade using TD Waterhouse. My latest investment was 200 stocks of Premium Brands Holdings Corporation (PBH). I purchased the stock at 14.50$. Premium Brands Holdings Corporation closed the day at 14.86$. This represents a nice profit of 72$! Just wow! I always like it when my investment goes up like this. Thanks to Jean-François Tardif, I am becoming better and better at investing!

Because we have to remember from where we are coming from. We had experiment some difficult times with investments that turn out very bad. And I am thinking of Sprott Inc. (SII). Back in the times, I had invested in 500 stocks of Sprott Inc. (SII). Each stock had been purchased at around 10$. Currently, Sprott Inc. (SII) do not even worth 5$ per stock! Outch! Bad, you thing? Well, you didn’t hear about the worst… I was stupid enough to follow Eric Sprott when Timminco (TIM) was hot on Bay St… I had invested in 200 stocks of Timminco (TIM) when stocks were at 20.33$. When the stocks price begin to fail, I haven’t been smart enough to sale. The result: the 4 065$ investment only worth today 244$. But I still have faith in Timminco and I continue to hold 200 stocks of Timminco (TIM). Sprott Inc. (SII) and Timminco (TIM) are not bad investments, it’s just my timing wasn’t right. And I got caught in the investment game and I forgot about my reading of Derek Foster. But now I am sticking to my own rule and I have to say, my portfolio is doing better than ever.

So here’s some simple investment rule I had fixed myself among the way in order to protect my assets:

-Diversify my assets. Not to invest too much in the same company.
-Follow Derek Foster strategy and borrow ideas for his portfolio. Register to a DRIP for all my dividend payers.
-Invest in Jean-François Tardif 2009 top hot stock picks (they are really still good for 2010; check what just happen to me with the Premium Brands Holdings Corporation (PBH)!!!).
-Invest in dividend Payers Company only.

Jean-François Tardif is such a powerful, extraordinary investor that his 2009 stock picks still accurate for today’s market!

In my stocks and units investment portfolio, I hold some companies that do not pay dividend. They are: Timminco (TIM), Dumont Nickel (DNI), Blue Note Mining (BNT) and Hanwei Energy Services (HE). I also lost some money in Dumont Nickel (DNI), Blue Note Mining (BNT) and Hanwei Energy Services (HE) – but not that much. And I always told myself that if those losses would become too important, that I would eventually stop investing. Those DNI, BNT and HE investment were made a while ago and I am glade I made those investments because my failures provide me a great deal of knowledge. My mistake: I wanted to make money quickly out of the stock market with those investments. But I learned my lesson: I wasn’t going to make money quickly by buying and selling stocks, but I was going to be a good imitator. By that I mean an imitator of Derek Foster and others, including Jean-François Tardif. From the point I told myself I was going to follow Derek Foster strategy and make something out of it, I became in power of my finance. Ever since, awesome things happen to me, financially speaking. My earn dividends and some of my investments gain a lot of value. But I wouldn’t be at this point if it wouldn’t be of my failures (I am saying this of course because I just LOVE my portfolio at this time, it’s not a perfect portfolio, but its all mine! All that money is mine! lol…).

In investment, failures are an expensive way to learn.

I could had taken the money and leave it in a bank account. But my life would have been much more boring. And I wouldn’t be here writing on my blog…

I had been a great Derek Foster imitator over the past months. I never lost money by following Derek Foster tips. Never did I loose money in one of Derek Foster investment. And we are taking here of Bank of Nova Scotia (BNS), Pembina Pipeline Income Fund (PIF.UN), Pengrowth Energy Trust (PGF.UN), Enbridge Income Fund (ENF.UN) and Corby Distilleries Limited (CDL.A).

And believe it or not, Just Energy Income Fund (JE.UN) was one of my very own pick, as well as Fortis (FTS), Yellow Pages Income Fund (YLO.UN), Bell Aliant Regional Communications Income Fund (BA.UN) and Davis + Henderson Income Fund (DHF.UN). I am very proud of my Just Energy Income Fund units.

One of my fellow reader told me that Derek Foster had been published several updates of his portfolio in the Canadian MoneySaver magazine. It’s seemed like Derek Foster published update of his portfolio every 3 months or so in the Canadian MoneySaver – and I didn’t even know about it! But now I know and I am letting everyone know: Derek Foster writes for the Canadian MoneySaver magazine. The Canadian MoneySaver magazine had been around since 1981 and its own by Dale Ennis and Betty Ennis. Nice to see Derek Foster being published.

Derek Foster had an article in the latest edition of the Canadian MoneySaver. In the article, Derek mentions PM as a company he holds. I won’t mention more of more because you will have of course to buy and read the magazine – but I did a fantastic discovery. I was searching for PM but on the Canadian market, while Derek holds the PM company, but the one located in the state. But the PM company list under the TSX is quite interesting, but the stock is not being hold by Derek Foster – but I will certainly later own some PM stocks.

So what’s that PM and what’s so great about it?

Well, PM stands for Prism Medical Ltd. The company is located in Ontario and had activities in the US and the UK. So here’s what Prism Medical Ltd. is all about: “Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom (UK). Operating since 1996, Prism services the mobility disadvantaged wherever they reside – the home, long-term care facilities or acute care facilities.” (Source: prismmedicalltd.com/About/Default.aspx). This sector of health is in high demands. You just have to think about the baby boomers generation who eventually will need medical equipment and so on… The company had been around for more than 10 years – so it’s a solid company, I don’t think they will close by tomorrow... Also, Prism Medical Ltd. pay dividend. A little dividend, but still, Prism Medical Ltd. (PM) pays a dividend. And remember the rule: we only invest in dividend payers companies. And Prism pays a dividend: 30 cents per stock annually. Also, Prism stocks are cheap: 6.95$. The company offers an international exposure to health care. The company made 65$ million in 2009. Do you need more blabla? Yep, I am telling you, that Prism Medical Ltd. is a good investment. I would like to invest in the company. And this will be done soon…

Today, I went to TD Waterhouse to open my RSP account. The account is now open. I am just waiting for the 10 500$ to be transfer over! And of course, we are going to invest in stocks! Yeah! And it’s going to be a happy mix of Derek Foster and Jean-François Tardif hottest picks… Hottest picks for the hottest investors’ lol.

So here’s what my 10 500$ RSP investments might look like:


-200 units of Just Energy Income Fund (JE.UN):
200 units: 2 832$ (approximate investment value): 288$ in annual dividend earnings

-400 units of Consumers’ Waterheater Income Fund (CWI.UN):
400 units: 2 072$ (approximate investment value): 259.20$ in annual dividend earnings

-100 units of Morneau Sobeco Income Fund (MSI.UN):
100 units: 1 056$ (approximate investment value): 94.50$ in annual dividend earnings

-200 units of Liquor Stores Income Fund (LIQ.UN):
200 units: 3 234$ (approximate investment value): 324$ in annual dividend earnings

-187 stocks of Prism Medical Ltd. (PM)
187 stocks: 1 306$ (approximate investment value): 56.10$ in annual dividend earnings

Total in dividend earnings: 1 021.80$

My investment RSP loan was 10 000$ at 4.75%, which represent, for a year, 475$ in interest. My dividend earnings help to cover the cost of the loan. BUT the dividend earns inside the RSP has to remain inside the RSP, it cannot go out. Too bad, because I could had partly made my minimum payment for the loan on the money earn by the dividend! My RSP loan payment is of 105.63$ per month.

At this time, I am just exposing a few ideas for my RSP. The default of the scheme is that there’s too much of .UN investment. Just love them too much. But they provide a very generous dividend. AWESOME to see a 1 021.80$ in dividend earnings from those.

I see the world in Yellow

I done fantastically well with my investment in Yellow Pages Income Fund (YLO.UN). I am the proud owner of 429 units of Yellow Pages Income Fund. Currently, my investment in YLO.UN worth 2 638.35$. At this time, its represent a profit of 413.88$! My initial investment (including DRIP) was of 2 224.47$.

My investment in Yellow Pages had been made at the right time. I had the perfect timing. In the past, YLO.UN worth much more than 6$ per unit. That being before the stock crash of 2008. If I would have invested in Yellow Pages Income Fund (YLO.UN) at that time, I wouldn’t be able to make a profit from the investment. But because I invested in Yellow Pages Income Fund just a couple of months ago, I had been able to make a nice profit from my acquisition. 413.88$ could sound like being nothing much, but a 413.88$ is definitely something huge for a small investor like myself. I am quite happy to be able to experiment such positive gains in my investment portfolio.

My stock invesment portfolio is now at 81 709.55$

Our stock investment portfolio had increased of 1 224.78$ compare to February 26, 2010 (which was of 80 484.77$). We are currently at 81 709.55$! Reaching 100 000$ in assets is the ultimate goal of course, and so far so good!

81 709.55$ is our highest ever!

So have a nice week-end!

My stock investment portfolio in date of February 26, 2010

Savings:
2.69$ (ING Direct)

Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 176.55$
Timminco (TIM): 254$
Blue Note Mining (BNT): 52$
Bank of Nova Scotia (BNS): 5 019$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 2 565.73$
Fortis (FTS): 2 836.08$
Pembina Pipeline Income Fund (PIF.UN): 7 454.65$
Just Energy Income Fund (JE.UN): 5 871.24$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 509.65$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 535$
Pengrowth Energy Trust (PGF.UN): 1 166$
Enbridge Income Fund (ENF.UN): 3 842.56$
Corby Distilleries Limited (CDL.A): 1 511$
Davis + Henderson Income Fund (DHF.UN): 1 699$
Premium Brands Holdings Corporation (PBH): 2 910$

TOTAL: 42 988.46$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 612.43$
Creststreet Alternative Energy Fund: 1 166.53$
Sprott Canadian Equity Fund: 4 911.07$

TOTAL: 8 690.03$

RSP:
CIBC Dividend Growth Fund: 486.11$
CIBC Emerging Markets Index Fund: 432.11$
CIBC Monthly Income Fund: 955.33$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.95$
TD Monthly Income: 98.49$
TD Emerging Markets: 76.97$
TD Energy: 79.70$
TD Precious Metals: 101.51$
TD Latin American Growth: 91.32$
TD Entertainment & Communications: 100.97$
TD Dividend Growth: 189.88$
TD U.S. Mid-Cap Growth: 96.58$

TD RSP account: 10 500$

Maritime Life International Equity Fund (Templeton):
626.29$
Manulife Simplicity Growth Portfolio: 845$
Maritime Life CI Harbour Seg Fund: 979.28$
Maritime Life Fidelity True North Seg Fund: 939.12$
Maritime Life Trimark Europlus Seg Fund: 592.39$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 488.57$
RBC U.S. Mid-Cap Equity Fund C$: 1 748.63$
RBC Global Resources Fund: 842.96$
RBC O'Shaughnessy International Equity Fund:
576.85$
RBC O'Shaughnessy All-Canadian Equity
Fund: 980.66$

GIC Canadian Market: 1 000$

TOTAL: 28 692.80$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (70.79$):
80 484.77$
[In date of February 26, 2010]

Natural grow in our stocks & units investment portfolio

I got a good night of sleep… I am feeling much much better… So major projects are on the way! But before revealing anything and before I go to work… let’s give a look to our stocks and units investment portfolio! We are currently at 43 355.34$, which is an increase of 366.88$ compare to February 26, 2010. I am just wishing for a continuous natural grow. But so far so good, its looking good for our first 100 000$ in assets. Let’s go!

80 484.77$ in assets doesn't change anything, but...

I just update the value of my overall investment portfolio! We are finishing the month of February 2010 with 80 484.77$ in assets! This amount contain, of course, the 10 000$ we obtain from TD Canada Trust for our RSP loan and our own 500$ contribution to our 2009 RSP. This update also contains our latest investment: 200 stocks of Premium Brands Holdings Corporation (PBH).

My laid off of BMO Bank of Montreal didn’t slow me down on any of my projects. Actually, as an investor, I never had been so great, so self-consciencousness of my own skills, so close to discover my center. Thinking about it lol, investment is all about “picking” the right investment. Just that! It is that simple!

Because being in investor, even a small one, is about that: it’s about exercing power over external elements. Jealousy lay off and so on are just material proofs of what I am truly am. Like guys, come on BMO Bank of Montreal, don’t try to destroy someone who’s more self-consciencousness than you will ever be. I am pretty good at playing games and I am a winner all the way. As for the losers (BMO Bank of Montreal) hope they are ready because I am going to hit higher. Seem like BMO Bank of Montreal will have to learn with its regret. My revenge will be extraordinary. It will never end.

I plan to continue to invest in the next upcoming months. But right now, I have to think about how am I going to invest that precious 10 500$ in RSP money I now have. I was thinking about Just Energy Income Fund (JE.UN). I had been thinking about EFT and so on. But I have to say, investing in dividend stock payers for my RSP instead of EFT is quite interesting. So at this time, I am still thinking.

Ok, so Jean-François Tardif top pick for 2009 was Premium Brands Holdings Corporation (PBH). And what about our very own 2010 top stock five stars pick? If I would have to choose only one stock to invest in, I will choose Just Energy Income Fund (JE.UN). Investing in Just Energy Income Fund (JE.UN) had been, so far, one of my best realizations. WOW WOW WOW. Just Energy is that fantastic. I LOVE JUST ENERGY INCOME FUND. Pureeeeee energy = pureeeee love. The dividend is hot + Just Energy Income Fund (JE.UN) had paid recently special dividend.

My stock investment portfolio in date of February 17, 2010

Savings:
2.69$ (ING Direct)
915$ (savings for next investment)

TOTAL: 917.69$


Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 196.75$
Timminco (TIM): 248$
Blue Note Mining (BNT): 56$
Bank of Nova Scotia (BNS): 5 041.05$
Hanwei Energy Services (HE): 56$
Methanex Corporation (MX): 2 373.12$
Fortis (FTS): 2 843.36$
Pembina Pipeline Income Fund (PIF.UN): 7 615.72$
Just Energy Income Fund (JE.UN): 5 922$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 479.62$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 578$
Pengrowth Energy Trust (PGF.UN): 1 177.66$
Enbridge Income Fund (ENF.UN): 3 729.70$
Corby Distilleries Limited (CDL.A): 1 510$
Davis + Henderson Income Fund (DHF.UN): 1 691$

TOTAL: 39 977.98$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 597.37$
Creststreet Alternative Energy Fund: 1 202$
Sprott Canadian Equity Fund: 4 844$

TOTAL: 8 643.37$

RSP:
CIBC Dividend Growth Fund: 482.99$
CIBC Emerging Markets Index Fund: 385.46$
CIBC Monthly Income Fund: 951.85$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.37$
TD Monthly Income: 98.29$
TD Emerging Markets: 77.78$
TD Energy: 80.43$
TD Precious Metals: 102.58$
TD Latin American Growth: 91.28$
TD Entertainment & Communications: 100.21$
TD Dividend Growth: 189.49$
TD U.S. Mid-Cap Growth: 95.25$

Maritime Life International Equity Fund (Templeton):
628.45$
Manulife Simplicity Growth Portfolio: 842.77$
Maritime Life CI Harbour Seg Fund: 982.55$
Maritime Life Fidelity True North Seg Fund: 939.17$
Maritime Life Trimark Europlus Seg Fund: 581.55$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 487.62$
RBC U.S. Mid-Cap Equity Fund C$: 1 722.76$
RBC Global Resources Fund: 852.33$
RBC O'Shaughnessy International Equity Fund:
575.60$
RBC O'Shaughnessy All-Canadian Equity
Fund: 976.05$

GIC Canadian Market: 1 000$

TOTAL: 18 107.96$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (66.62$):
67 753.62$
[In date of February 17, 2010]

Welcome Premium, 200 new stocks of Premium Brands Holdings Corporation (PBH) in my online future trading brokerage

Remember Jean-François Tardif hot picks for 2009? Well, one of those hot picks is soon going to be from my very own investment portfolio and that’s going to be tomorrow! So welcome to Premium Brands Holdings Corporation (PBH)! Welcome in our investment portfolio! :)

Today was pay day, I had more than 2 000$ in my bank account, lying there, doing nothing at all… So I transfer 1 600$ into my TD credit line. I currently have just a bit more than 3 000$ available on my credit line. So guess what’s going to happen? We are going to purchase 200 stocks of Premium Brands Holdings Corporation (PBH) using that money! Yeahhhh!

I had been talking about Premium Brands Holdings Corporation (PBH) for quite some time now and I very happy to get this new investment. Actually, this is our first investment since I had been laid off from BMO Bank of Montreal. There you go my little bunch of f******, this one is for you. I dedicate my Premium Brands Holdings Corporation (PBH) to BMO Bank of Montreal. Who lay off me, the Dividend Girl…

Anyhow, after this, I will be looking forward to invest the 10 500$ I currently have available for our RSP. And I am just going to relax and maybe going to the gym since there’s a promotion right now at a gym located close to my workplace and it cost less than 50$ for a full year…. And I really want to fit in a tiny little bikini when I will hit the 100 000$ in assets so… I guess I have no choice! I will make myself sweat at that gym. Trust me…

So now, let’s review the dividend earning in review ok?

There we go:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 429 units x 0.804$ = 344.92$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
Premium Brands Holdings Corporation (PBH):

200 stocks x 1.176$ = 235.20$
= 3 312.85$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 412.85$

After our Premium Brands Holdings Corporation (PBH) investment, we’ll be at 3 412.85$ in annual dividend earning. Nice!

And what about our 100 000$ in assets goal? How does it look now?

On date of February 17, 2010 we had a total assets of:
67 753.62$ + our investment of tomorrow in Premium Brands Holdings Corporation (PBH) worth around 2 870$.

To this current amount, we can add the 10 500$ we had invested today for our RSP.
70 623.62$ + 10 500$ = 81 123.62$

+ our annual dividend income of 3 412.85$ = 84 536.47$

And how about a value increase of 9% of our assets for 2010, would you like that?

84 536.47$ x 9% = 7 608.28$
84 536.47$ + 7 608.28$
= 92 144.75$

Better, but we are not there yet…. Missing 7 855.25$.

7 855.25$/10 months = 785.52$ per month for the 10 months left (March-December 2010) that I need to invest in order to reach the 100 000$ in assets. At this point, saving 785.52$ per month make a lot of sense. It’s something I can achieve, but only in a good market condition. Because if it happens that my investments lost half of its value instead of increasing of 9%, I won’t be able to achieve my goal. But it definitively worth a try and guess what, we’re going to make it! And when it will happen, I will post pictures of myself semi-nude on my blog after my transformation. I promise. lol.

Part 2: Debts + dividend: The 100 000$ assets strategy for 2010 in review

In the previous post, we saw the “debts” part. Now come the assets part. Are you ready? :0)

On date of February 17, 2010 we had a total assets of

67 753.62$.

To this current amount, we can add the 10 500$ we had invested today for our RSP.

67 753.62$ + 10 500$ = 78 253.62$

+ our annual dividend income of 3 177.56$ = 81 431.18$

And how about a value increase of 9% of our assets for 2010, would you like that?

81 431.18$ x 9% = 7 328.81$

81 431.18$ + 7 328.81$
= 88 759.99$

Better, but we are not there yet…. Missing 11 240.01$.

For the period of March-December 2010, we need to invest around 1 000$ per month. Truly possible.

The 100 000$ in assets is coming soon!

Debts and dividend: The 100 000$ assets strategy for 2010 in review

I really like to move on with this. In the previous post, I talk about a:
100 000$ in assets + 30 000$ in debts formula.

I want to elaborate more on my strategy.

We’ll start with the debts:

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$

As you can see, my latest loan, my RSP loan, is set at 4.75%. It’s a bit high, but it’s been set up for 5 years. I could got a lower interest rate at only 3.25%, but it was only available with a one year loan and with a 10 000$ loan, it would had made too much for me in monthly payments. So I prefer this set-up, especially knowing that I will not face any penalties if I decide to reimburse earlier than 5 years or if I make any extra payments among the way. Great!

So this mean that overall, I am exceeding the 30 000$ in debts. I now have exactly 31 358.31$ in debts. Am I playing safe? Well, at this point, I have reached what I consider as being the maximum that I can hold in debts. After this RSP loan, I am not looking to increase more my level of debts. This is being safe. I know my limits. Ok.

As for the interest rate, annually it make an amount of 1 508.18$. That’s quite some money. But…. Remember our annual dividend earning? We are going to update it become some new stocks and units had recently join the gang. Here it is, our annual dividend income:

Sprott Inc. (SII): 505 stocks x 0.10$ + (let’s suppose Sprott Inc. will provide a special dividend like last year) = 126.25$
Bank of Nova Scotia (BNS): 105 stocks x 1.96$ = 205.80$
Methanex Corporation (MX): 103 stocks x 0.62$ = 63.86$
Fortis (FTS): 104 stocks x 1.12$ = 116.48$
Pembina Pipeline Income Fund (PIF.UN): 413 units x 1.56$ = 644.28$
Just Energy Income Fund (JE.UN): 423 stocks x 1.24$ + the 2010 special dividend =
606.72$
Yellow Pages Income Fund (YLO.UN): 429 units x 0.804$ = 344.92$
Bell Aliant Regional Communications Income Fund (BA.UN): 100 units x 2.904$ = 290.40$
Pengrowth Energy Trust (PGF.UN): 106 units x 0.84$ = 89.04$
Enbridge Income Fund (ENF.UN): 304 units x 1.152$ = 350.21$
Corby Distilleries (CDL.A): 100 stocks x 0.56$ = 56$
Davis + Henderson Income Fund (DHF.UN): 100 units x 1.836$ = 183.60$
= 3 077.56$
+ let’s add 100$, supposing the DRIP system will provide an extra income of 100$
= 3 177.56$

And 3 167.35$ - 1 508.18$ = 1 669.38$

Ok, I have more than 30 000$ in debts, in the deep red… but even at this time, my current annual dividend income provide me enough to cover up the cost of interest. So I am a winner all the way when it comes to outside of RSP dividend and debts. I am saying outside of RSP dividend become we will soon have a RSP dividend income, check it out, it’s coming soon! The only thing that disturb me is the 100$ fee that will make me TD Waterhouse pay for investing inside RSP. There’s no management fee at 25 000$. But less than 25 000$, the management fee is of 100$, which I find very extraordinary annoying. That’s why I haven’t been set-up for the RSP at TD Waterhouse yet. But at the same time, I just cannot wait to place more trades!!!

Anyhow, you now have an overall picture of my debts vs dividend kind of deal and you now know the reason why I am not in a major rush to pay off my debts.

10 500$ RSP contribution for 2009: now done!

Ok, so this is it, I got the RSP loan! I told you, I am invincible, and you better get use to it! lol!!!! I might have one of those super awesome credit score. Your credit score = your best friend when you want to enjoy the joy of leverage… Let’s clarify all this.

I had been approved for the 10 000$ RSP loan. Now, you want to know who’s been good enough with me Sunny alias The Dividend Girl to provide me a little something for my RSP contribution. Tadammmmmmm… And it is… TD Canada Trust! The happy winner of my RSP loan lol. Thank you TD Canada Trust thank you! lol…… And my payments only begin in May by the way. And I contribute 500$ from my own pockets. So my RSP contribution for my 2009 taxes is of 10 500$. I shouldn’t have taxes to pay after this contribution. That’s for sure.

I was really going completely nuts. I will never understand why I got refused by Bank of Nova Scotia for this loan. It was really wrong coming from them. Anyhow, who care about Bank of Nova Scotia when TD Canada Trust is willing to give me whatever I ever wanted: money, money, money! So for now, my portfolio is not moving from TD. Everything remains just where it is.

I got the RSP loan. Wow. I just cannot believe it. The payments are just a bit more than 100$ per month, so I am going to be just fine. And it’s only beginning starting in May. This loan is bringing us closer to our 100 000$ assets goal. I really believe I can make it happen for 2010. I will be 30 years old, we’ll be in 2010 and I will own 100 000$. Just amazingly wow! I am going to be able to relax and calm down a bit now that everything is all set for good. And its look like I am set for good with TD Canada Trust.

And if you find that this whole 100 000$ in assets + 30 000$ in debts formula doesn’t worth a damn, well, guess what, I am going to show that you’re wrong and, as always, that I am right lol. And it was really wrong, coming from Bank of Nova Scotia to refuse my RSP loan.

RSP 2009 contribution: the nightmare continue

I am just sooooooo tired right now. It didn’t work out at the Scotia Bank for my RSP loan. I was pretty disappointed because I had been waiting more than 1 week for it. I never been a customer at Bank of Scotia and I guess I will just never become one. I hold to many debts for the salary I own and my 44 000$ in stock couldn’t be taking as loan guarantee because they are stocks. If they would be GIC or other boring stuff like that or simply cash would had worked out. Bank of Nova Scotia doesn’t want my business? Who care! lol… I haven’t impress Bank of Scotia with my assets and my plan to transfer my assets to iTrade. But it doesn’t mean that the RSP loan project is ending here. Because as you know, here at My First 50 000$, we like to beat the steel when its hot. Doesn’t we? lol….

And guess what, as soon as I got the no as answer, I turn to another bank, explaining the situation. I was pretty lucky because a financial representative was available to take me between 2 appointments… I was very happy. I won’t reveal the name of the bank that impresses me that much until the deal is close and running. 10 500$ in RSP in quite some money. In case it doesn’t work out, I have a plan B, but I have to do quick… time is running so pass and dealing with those financial things that I am not that use too is quite exhausting. On top of that, I work today until 8:30pm… I just can’t wait for tomorrow. I need something to be done about all this.

Today, I learn something interesting by dealing with different banks: if a loan request had been refused at one specific bank, it doesn’t mean that another bank won’t approve you. Why? Because each banks seem to have their own rule. If you plan to proceed with a loan request at a bank where you do not hold already any credit, you need to have if not a great deal of cash, not too many debts around.

I am going to bed for now, I am completely burned out.

Moving on with my fantastic projects and why you should say no to BMO Bank of Montreal MasterCard

Ok, I go laid off from BMO Bank of Montreal, but it doesn’t mean it will stop me in my projects. I am actually better this way when it come to BMO Bank of Montreal. Want to know why? BMO Bank of Montreal recently had another bad idea, after my laid off. BMO Bank of Montreal came recently with this: they had reduced the payment on its very disgusting BMO Bank of Montreal MasterCard to 2%. This new measure is being valid for BMO Gold Air Miles MasterCard, BMO Air Miles MasterCard, BMO Premium CashBack MasterCard, BMO CashBack MasterCard, BMO SPC Air Miles MasterCard, BMO SPC CashBack MasterCard, BMO Preferred Rate MasterCard, BMO Prepaid Travel MasterCard, BMO U.S. Dollar MasterCard and BMO MasterCard for Business.

Usually, on credit card, customers had to pay the minimum of 3% of the balance they own on the credit card. Now, thinking being smart, BMO Bank of Montreal is reducing the payment to 2%. What’s supposed to be a good gesture is really not. And I am going to explain why. Credit card debts are not good debts. By reducing the minimum payment of their credit cards to 2%, BMO Bank of Montreal is helping Canadians to increase their level of debts. And nothing more than that.

Ok, you might told yourself, the poor girl had been laid off from BMO Bank of Montreal and she has more than 20 000$ in debts. Yes, I have more than 20 000$ in debts. But those debts are good debts. The interest rate for those debts is not 19.5% like on regular BMO Bank of Montreal MasterCard. Ok, BMO Bank of Montreal offers a 11.9% interest rate on credit card, but they charge for it. The fee is 35$ per year. Is that being brilliant? No that’s being dumb.

And what BMO Bank of Montreal customers do not know, unfortunately, is that BMO Bank of Montreal is not welling to help reducing their level of debts. BMO Bank of Montreal is actually going on the exact opposite direction. BMO Bank of Montreal hidding message is: « please fully use your credit card, reach your limit and enjoy. You don’t have to worry about one thing; you’ll only have to pay 2% of the full amount due. » This is how BMO Bank of Montreal is helping Canadians: by creating more debts. Which is really really bad. The exposure to heavy debt can rise easily with this new payment rule.

Credit card debts are the worst kind of debts an individual can hold. When it comes to credit products, you need to play smart. Instead of having a credit card with BMO MasterCard that you are paying 35$ per month to have the too high interest rate of 11.5%, why customer do not turn to TD Canada Trust an open a credit line at 8% interest rate, free of charge by the way. Why customers are willing to pay 35$ for a higher interest rate while its possible to get a lower interest rate, at no extra fee, with another bank? You have one life, one credit life. Do not let it ruin by BMO Bank of Montreal MasterCard. Be smart. And don’t forget to beat the steel when it’s hot… ok?

Bank of Nova Scotia services are poor

I am still waiting for my RSP loan. At this point, I am just willing to move forward and continue with TD because Bank of Nova Scotia are not good to deal with. The branch of Bank of Nova Scotia opening hours are horrible. It’s really difficult to take an appointment with somebody. Basicly, people at the branch are never available. And they seem extremely lazy. So try to have something done in those conditions! I first set up an apointment on Monday, I bring my papers and so on. A few days past. Than Wednesday, I had been told by a customer service representative over the phone that the lon request was ok… But since that time, nothing move. And when I called to have news of my loan today, I was told that I had to deal with the branch…. I also speak to a manager of the branch. We set up an apointment, but it will only be good for next week… Do you really think, dumb people of Bank of Nova Scotia that I am going to wait? Again! No way. iTrade can say good-bye to my awesome investment portfolio. I don’t want of iTrade anymore because I don’t like Bank of Nova Scotia way of doing business. Like for the manager, she's off today. This is the RSP season and you are taking off? Such a big bunch of idiots out there. Try to avoid the Bank of Nova Scotia of McGill College in Montreal. Their service is really poor.

Bell Aliant declared February dividend

Oh yeah! And this one is a good one. How about 24.17 cents per unit? How do you feel about getting a free 24.17 cents per unit hold of Bell Aliant Regional Communications Income Fund (BA.UN)? Personally, I do not feel any inconvenient at receiving free money, especially a major 24.17 cents dividend passive income per unit hold.

On March 15, 2010, I will receive 24.17$ from Bell Aliant Regional Communications Income Fund (BA.UN). Rock on.

It does actually make me laugh when I learn of their Small Unitholder Selling Program. Who in the world would be dumb enough to sell any of those precious Bell Aliant Regional Communications Fund units? They are as precious as gold…

Sprott Inc. (SII) 2009 fourth quarter dividend

Hellooooo dividend money! I really like that stuff. Sprott Inc. (SII) declared a dividend 2.5 cents per stocks. The dividend should be paid on March 16, 2010. Which mean we will received 12.63$ - which mean we will welcome 4 to 5 free stocks in our investment portfolio.

$$$

Great news regarding Yellow Pages Income Fund (YLO.UN)

Yellow Pages Income Fund (YLO.UN) is doing better on the TSX. I first invested 2 224.47$ in Yellow Pages Income Fund (YLO.UN) a couple of months ago. I always believe in this company as I find the dividend really good for the stock price value. Also, it’s a Montreal-based company, and I live in Montreal. So let’s say that from there, me and Yellow Pages Income Fund were set for a long-term relationship. Ever since, it’s been love, love, love.

Want to know why? As I explain, I first invested 2 224.47$ in Yellow Pages Income Fund (YLO.UN). Not that much, would you say, but all those « not that much » form my investment portfolio are part of my investment portfolio. In date of today, my investment worth 2 505.36$. This represent a nice increase of 280.89$ right there. Kind of nice. Yellow Pages Income Fund (YLO.UN) units value is currently at 5.84$, and I am confident that the company will soon reach the 6$ per unit.

Ok, so for now, Yellow Pages Income Fund (YLO.UN) is a .UN investment like I like to call them. But you don’t have to worry about the Yellow Pages Income Fund situation according to Gordon Pape. I regularly read Gordon Pape articles through my TD Waterhouse online broker account. So according to Gordon Pape, Yellow Pages Income Fund (YLO.UN) distribution will remain the same. Isn’t fantastic? What small investors worry about are distributions and with Yellow Pages Income Fund (YLO.UN), there’s really nothing to worry about. There’s again, it’s according to Gordon Pape. And The Dividend Girl lol.

The 100 000$ investment portfolio goal: the dream is slowly taking form

Teeth, sorry man, but I got approve for the RSP loan (read previous comments in one of recent post to have an idea of who’s Teeth).

Since Monday, I cannot think, I only have one thing on mind: will I get approve for my RSP loan? Well, I gave a call to the representative this morning since today Wednesday was supposed to be the day. But of course, it didn’t happen this way. The representative told me I had to wait until Friday. So I said ok… and went to work. I was upset because I hold number of assets, like I am f****** rich lol, I am working and so on. So what’s taking so long? Why couldn’t I get approve for a RSP loan right away? Is it because I am not rich enough? Geesssssss those Quebeckers are definitely going to kill me!

So I did the following: I gave a call to the bank customer service. And there, what a surprise: I learn that I got approve for a 7 600$ RSP loan! But the representative at the branch never told me about this approval. At the branch, I had been told that I had been refused, and that they had to send my request I don’t know where so I can get approve. Never it was questioned of a 7 600$ RSP loan at anytime. Taught I was going to get ripped off by Quebeckers? Helloooo not me.

Anyhow, I was quitted happy to learn the great news. When I spoke to the person of the bank customer service over the phone, it’s only there that I had been told that I had been approved, but not for the full amount that I requested, 10 500$. The representative told me that the approval waiting delay was taking longer because they were looking forward to approve me for 11 000$ RSP loan. Ok… But I haven’t been giving this information by the representative at the bank…

Lesson learns: There’s basically jerks a bit everywhere and I strongly recommend to anyone to deal over the phone for loans or whatever else because face-to-face, some bankers really do not have it. One way or the other, at the end, I am getting approved. So why in the world those bankers are willing to make me loose my time? JERKS. I already hate my new bank as you can see.

Later on during the afternoon, I received a message on my famous pager from the branch representative. He sound pretty pissed off that I call the customer service. He re-confirms again that I was going to get approve on Friday and so on and that he had made it clear… I am so terribly upset that I am going to visit the branch tomorrow and make hear the message of that representative to the director of the branch. JERK. JERK. JERK. JERK.

I have enough of stupid Quebeckers. But one day, I will have my revenge.

Just to talk about something else than stupid Quebeckers, this is never been seen before on My First 50 000$ blog: my stocks and units investment portfolio is almost at 40 000$. Today was an extraordinary day on the stock market. I got approved for the RSP loan. I am now at 67 753.62$ in assets. I am invincible. I am the best. I am a genius.

Now, tell me who’s the best between those guys of BMO Bank of Montreal (my late employer who unfairly lay off me) or me Sunny alias The Dividend Girl? Can someone tell me? Who’s the best?

My stock investment portfolio in date of February 12, 2010

Savings:
2.69$ (ING Direct)
915$ (savings for next investment)

TOTAL: 917.69$

Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 126.05$
Timminco (TIM): 214$
Blue Note Mining (BNT): 58$
Bank of Nova Scotia (BNS): 4 950.75$
Hanwei Energy Services (HE): 141$
Methanex Corporation (MX): 2 378.27$
Fortis (FTS): 2 774.72$
Pembina Pipeline Income Fund (PIF.UN): 7 343.10$
Just Energy Income Fund (JE.UN): 6 048.90$
Dumont Nickel Inc. (DNI): 345$
Yellow Pages Income Fund (YLO.UN): 2 405.50$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 545$
Pengrowth Energy Trust (PGF.UN): 1 147.98$
Enbridge Income Fund (ENF.UN): 3 717.62$
Corby Distilleries Limited (CDL.A): 1 500$
Davis + Henderson Income Fund (DHF.UN): 1 668$

TOTAL: 39 370.89$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 557.03$
Creststreet Alternative Energy Fund: 1 202$
Sprott Canadian Equity Fund: 4 776$

TOTAL: 8 535.03$

RSP:
CIBC Dividend Growth Fund: 476.96$
CIBC Emerging Markets Index Fund: 388.62$
CIBC Monthly Income Fund: 945.84$

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

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.37$
TD Monthly Income: 97.21$
TD Emerging Markets: 76.45$
TD Energy: 78.80$
TD Precious Metals: 100.23$
TD Latin American Growth: 89.05$
TD Entertainment & Communications: 98.68$
TD Dividend Growth: 186.61$
TD U.S. Mid-Cap Growth: 93.80$

Maritime Life International Equity Fund (Templeton):
620.27$
Manulife Simplicity Growth Portfolio: 834.64$
Maritime Life CI Harbour Seg Fund: 967.50$
Maritime Life Fidelity True North Seg Fund: 926.23$
Maritime Life Trimark Europlus Seg Fund: 581.56$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 480.25$
RBC U.S. Mid-Cap Equity Fund C$: 1 685.22$
RBC Global Resources Fund: 837.24$
RBC O'Shaughnessy International Equity Fund:
568.17$
RBC O'Shaughnessy All-Canadian Equity
Fund: 962.84$

GIC Canadian Market: 1 000$

TOTAL: 17 959.67$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (62.89$):
66 886.17$
[In date of February 12, 2010]

Hello extra money in my pockets

No news for my RSP loan yet. But it should be for tomorrow. The TSX gain extraordinary gains today. This is really great. My stocks and units investment portfolio is now at 39 839.35$. This represent a gain of 468.46$ compare to February 12, 2010. I am very happy with those gains.

On today, I had received the dividend for Yellow Pages Income Fund (YLO.UN) (28.34$) and Pembina Pipeline Income Fund (PIF.UN) (53.30$). Those dividend earnings are not too much, but those amounts + the gain of 468.46$ for today make an extraordinary increase of value.

I may had been laid off by BMO Bank of Montreal, but my investment portfolio is doing fairly well. Fact is, I am too much talented for BMO Bank of Montreal.

No news or the RSP loan yet but...

My stocks and units portfolio is now at 39 772.81$, which is an increase of 401.92$ compare to our latest 39 370.89$. Yeah! I wake up late again. Yesterday just exhaust me.

And now what?

I had an apointment today for my RSP loan. At first, the representative told me that I didn’t qualify. WHAT?

You hear it right. I do not qualify for the loan, in correctly correct banking terms and agreements. Whatever…. So yeah, the representative gave me the exact same reasons that Teeth post on his comments (see previous post and comments). But it didn’t stop there, I explain everything to the representative, my assets, my situation etc. Since I cannot be approve right away, I guess he will forward the request to someone else and I should received news by Wednesday. This had been quite exhausting for me. The main problem I face is that I hold too much credit. I hold several credit cards, several credit lines, several bank acounts lol. And my salary right now could appear low, but with my current situation + my monthly dividend income, I making around 2 000$ after taxes per month. Actually, at this point, I hold too much credit (use and unused) for the salary that I have. That’s a major problem. But I do not hold a balance on most of my credit cards. That’s what I explain to the representative and also I explain that I have more than 3 000$ in annual dividend income. And also that I never had problem to pay anything and that I was looking forward to transfer my portfolio over to the bank and so on. Which is true. And I also show him that I am a stockholder of the bank.

So now what? I am waiting. And the wait is too long. I just want to get through this and move forward with my projects. I want to see what’s going to happen next. If it work, I am going to transfer my portfolios over and everything. I also told the representative about my 100 000$ goal in assets and that they were going to make money with me (the bank) since I trade on a regular basis. Having 100 000$ in assets is quite something, even when holding a future 30 000$ in debts. Getting this RSP loan is more about if the bank will support my investment efforts or not. If I get the loan, it will a great deal of good publicity for the bank and their trading services. I deserve more than anything this RSP loan. After all, I am an investor, and I own more than 65 000$ in my very own money lol and around 20 000$ in debts at this time. I hold debts yes, and I exposed that to the representative, but I am good when it come to manage my money. If it all work out the way I want, I will be trading at 9.99$ and I will become fantasticly rich. I couldn’t hide my debt situation in something sexy like my bra lol – those guys can really see everything through their credit check.

My stock investment portfolio in date of February 6, 2010

Savings:
2.69$ (ING Direct)


Non RSP Investments:
Stocks & Units investment portfolio
Sprott Inc. (SII): 2 070.50$
Timminco (TIM): 220$
Blue Note Mining (BNT): 58$
Bank of Nova Scotia (BNS): 4 777.50$
Hanwei Energy Services (HE): 180$
Methanex Corporation (MX): 2 501.87$
Fortis (FTS): 2 865.20$
Pembina Pipeline Income Fund (PIF.UN): 7 216$
Just Energy Income Fund (JE.UN): 5 887.08$
Dumont Nickel Inc. (DNI): 460$
Yellow Pages Income Fund (YLO.UN): 2 231.25$
Bell Aliant Regional Communications Income Fund
(BA.UN): 2 540$
Pengrowth Energy Trust (PGF.UN): 1 147.98$
Enbridge Income Fund (ENF.UN): 3 654.20$
Corby Distilleries Limited (CDL.A): 1 520$
Davis + Henderson Income Fund (DHF.UN): 1 652$

TOTAL: 38 981.58$

Tax-free savings account:
RBC O'Shaughnessy Canadian Equity Fund:
2 502.17$
Creststreet Alternative Energy Fund: 1 192$
Sprott Canadian Equity Fund: 4 666$

TOTAL: 8 360.17$

RSP:
CIBC Dividend Growth Fund: 470.62$
CIBC Emerging Markets Index Fund: 419.94$
CIBC Monthly Income Fund: 934.78$
Energy and Base Metals Term Savings (Indexed term savings):
503.46$
Natural Resources Term Savings (Indexed term savings):
502.06$

GIC National Bank: 1 154.83$
GIC Finance Plus: 1 513.97$
GIC Plus: 500$

TD Canadian Bond: 111.79$
TD Monthly Income: 96.25$
TD Emerging Markets: 75.87$
TD Energy: 77.71$
TD Precious Metals: 96.86$
TD Latin American Growth: 87.12$
TD Entertainment & Communications: 97.87$
TD Dividend Growth: 182.63$
TD U.S. Mid-Cap Growth: 92.90$

Maritime Life International Equity Fund (Templeton):
624.39$
Manulife Simplicity Growth Portfolio: 829.27$
Maritime Life CI Harbour Seg Fund: 954.65$
Maritime Life Fidelity True North Seg Fund: 906.48$
Maritime Life Trimark Europlus Seg Fund: 583.96$

Great West - Various: 1 577.81$

RBC Canadian Dividend Fund: 471.94$
RBC U.S. Mid-Cap Equity Fund C$: 1 661.20$
RBC Global Resources Fund: 801.50$
RBC O'Shaughnessy International Equity Fund:
572.91$
RBC O'Shaughnessy All-Canadian Equity
Fund: 938.44$

GIC Canadian Market: 1 000$

TOTAL: 17 841.21$

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

Savings + Stocks, units, mutual funds + Tax-free savings account + RRSP + Online Income (60.29$):
65 285.94$
[In date of February 6, 2010]

Holding debts can be healthy: here’s the how

My latest posts were quite provocative but they help me to feel better. And I have to say, I am feeling much much better now lol. I wasn’t expecting any reaction from my too much provocative posts, but the comment left by Teeth make me think of this – I am being read lol.

Ok, I hold some debts. And so what? My debts are not disturbing me at all. By having debts, I am helping the Canadian economy. Because a low amount of debts do help the economy. You could believe that having debt is not helping me any way. You might be right, but I think you are wrong! And here’s my point.

In life like in everything else, you need to know what you want. Right now, what I want is to reach 100 000$ in assets, with or without debts. Just that. I am just a nobody dreaming of having 100 000$ in assets. Is it a shame? I just want to have fun with my money and paying debts is not fun. It’s actually really boring.

Here’s my debt situation:

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

+ 10 500$ (RSP loan of Monday) at 3.25% = 341.25$

Total in annual interest = 1 374.43$

Ohhhhhh outrageous debts! Outrageous interest! Oh lala.

Let’s get a straight overview of the situation.

Currently, my annual dividend income is of 3 323.59$. This is of course, before taxes. But even after taxes, I probably earn the equivalent of 1 374.43$ in dividend income, if not more.

So let’s calculate:

1 374.43$ (annual interest) – 1 374.43$ (annual dividend income) = 0$

At the end, I do not pay any interest at all from the money I had borrowed. This is free money! Pretty amazing! This is a trick I learn by reading Derek Foster. Now you understand why Derek Foster is a bestseller author, don’t you? Derek Foster is the best friend of all small investors like myself.

The plan is making sense as long as I can afford making the minimum payment for each loans I am involve in. I have a five star credit score, I do not want to loose that. I can afford making the minimum payment for everything. But before getting involved in a early retirement, all of my debts will be fully paid off. Of course. And if, at a point, I couldn’t afford making the minimum payments on my loans anymore, I would simple sell some of my investments.

After reading all this, if you still think that the whole plan is not making any sense, it’s because you might be one of them. You might be a BMO Bank of Montreal employee after all.

The 100 000$ investment portfolio strategy: how I plan to make it happen even after I got laid off by BMO Bank of Montreal

Even after I got laid off by BMO Bank of Montreal, my ultimate goal is still to reach the 100 000$ in investment portfolio value. It’s going to happen in 2010, and I am going to explain how its all going to work out.

Ok, so here’s how it goes:

On date of February 6, 2010, I had 65 285.94$ in assets. Awesome. At that point, I am currently only missing 34 714.06$. At this point of my life, I am pretty impressed by myself. But still, I am missing 34 714.06$.... Where am I going to find the money?

No worries. This is how it’s going to goes, in just a few steps:

1. Dividend earnings

With the investment that I currently hold, as I explain in the previous post, I am going to earn 3 323.59$. My dividend earnings represent an extra income. At 3 323.59$, the amount is quite important. Let’s move on:

34 714.06$ - 3 323.59$ = 31 390.47$

Nice, but there’s still missing 31 390.47$.

2. RSP Loan

For 2009, I have more than 10 500$ to invest in my RSP. So I am going to invest yes, but it will be with the help of my dearest friends of Bank of Nova Scotia (BNS) – which institution partly belong to me by the way since I am a stockholder. I didn’t get the loan yet, but I have an appointment on Monday and I might be able to get the loan, since I am already fantastically rich.

31 390.47$ - 10 500$ = 20 890.47$.

Now we are talking. Only missing 20 890.47$. But yes, 20 890.47$ is still a lot of money!

3. Natural increase earnings

Because of our extra particular successful way of investing, out portfolio is going to simply grow naturally. I like to be super optimistic. I am going to advance an increase of 10%. It’s a lot, but possible.

65 285.94$ (portfolio value in date of February 6, 2010) + 10 500$ (of the RSP loan)
= 75 785.94$ (WOW!)

75 785.94$ x 10% = 7 578.59$

20 890.47$ - 7 578.59$ = 13 311.88$

Much much better! At this point, I will only be missing 13 311.88$ before reaching my first

100 000$.

4. Normal investment flow: one investment every 2 months or so

Since forever now, it’s seem, I invest on a regular basis. For the rest of 2010, I might be able to invest the equivalent of 13 311.88$, even if I got laid off by BMO Bank of Montreal. Major benefit: my prospective investments are all dividend payers. So each 2 months, I increase my dividend income and also the value of my total assets.

Need a clear example? Probably next month or so, my next investment plan is 200 stocks of Premium Brands Holdings Corporation. The advantages of adding Premium Brands Holdings Corporation in my investment portfolio are multiples. First, stocks of Premium are under 15$, which make Premium Brands Holdings Corporation pretty affordable. Also, Premium dividend is quite juicy: 1.176$ per stock! At 200 new stocks, this will increase my dividend earnings of 235.20$! And don’t forget to add the value of the stocks itself: let’s say 13.70$ per stock: 2 740$. If, in a year, I repeat the same circus, but of course with different companies, not only that I will become fantastically rich, but I will be able to reach my first 100 000$ in 2010. Got the picture? So what are you waiting for? Shouldn’t you doing the exact same thing? :o)