Some technical problems with my new TD Waterhouse stock margin account

So far, no news for my public offering in Horizons Gold Yield Fund (HGY.UN). I call TD Waterhouse today as I had been promised a call back today but never got a call... It's always like that with TD Waterhouse, they always promised to call you on this or this and never return the call. If it wouldn't be for the super smooth-strong teddy bear voices of some of their male brokers, it would had been a long time ago that I would had left the Canadian online broker TD Waterhouse... lol... But hey, nothing to worry about. I won't leave TD Waterhouse anytime soon for many reasons. One of the reasons being that at 9.99$, TD Waterhouse trade commission is one of the lowest - this commodity trading broker offer one of the cheapest online trading. Overall, as a commodity trading broker, TD Waterhouse had been very good to me. I have all the credit products I needed and requested with TD financial. I basically never been refused anything. I am not looking to get the moon, just a few things of my own.

As with this public offering for Horizons Gold Yield Fund (HGY.UN), the units trade at 10$ each, minimum investment needed being of 1 000$, commission free! That's right, there will be no I want to invest 2 000$ using the margin of my online stock trading account. I should know for sure by tomorrow if I can move on with my direct public offering proposition or not. Ok, it could sound silly, but it's not. Why? Well, because of the minimum required of 1 000$. At 1 000$ any investor living next door can participate in the public offering of Horizons Gold Yield Fund (HGY.UN). And really, those TD Waterhouse brokers need to work so I am giving them some work to do. No work, no job right? I am the one giving TD Waterhouse discount commodity brokers business.

And talking business, the business is going well. My online earnings continue to go up. We are not talking about hundreds of dollars per day here, just a few bucks, but that's enough for now. I am still without any metro pass. I am a New Brunswick girl, use to cold weather... I am doing ok without my metro pass for now. I am just very happy to be able to keep that 70$ (price for a metro pass) in my pockets. also, Idecide not to purchase a new pair of winter boots to save more. I am still working on my HubPages. I have many articles subjects on the way. Finding time to write is not that hard, but what is hard is to write. Does that sound strange just like for all of the rest? Anyhow, I am just loooking forward to save more money and stop purchasing sushi and other foodssss. During the last couple of months, I didn't pay to much attention to my budget but now that I have that stock margin account, I want to save more because I want to pack my non registered portfolio of more units and stocks.

As for the online investing business, the overall of what I hold at the commodity trading broker TD Waterhouse is now at 97 462.04$. I am now very close to the 100 000$ in my broker account and having all that money at TD Waterhouse just show you have much I feel secure at TD. But no matter how much I like TD, seem that lately, I am experiencing some technical problems, following the apparition of my stock margin account in my non-registered Canadian account.

The problems started when I first received my latest Just Energy Income Fund (JE.UN) dividend. I had received the dividend in my cash account, which was not related to by now stock margin account. The dividend (7$) left over and the 5 units earn of the DRIP where lying in there all alone, in the cash account. So I call TD Waterhouse, and they proceed with the transfer from cash to the stock margin account, so the 5 new Just Energy Income Fund (JE.UN) units can join the rest of the units... I was able to get this done over the phone. One problem that occur also was that I was able to see, in my overall view, that I had received 80$ in my cash account, but when I click on the link, I wasn't able to access the account...

On date on today again, I have a 8$ in cash (in the cash account) that I want to transfer over my credit line, but I cannot proceed with the transfer. I had been trying in 2 different occasions now and its just not working. Also, remember that I plan to pay my 5 000$ TD Canada Trust credit line at 8.75% using my stock margin account? I was about to proceed with the transfer from my stock margin account to my TD credit line. But while selecting my stock margin account, I saw the amount of my investment (73 000$ and a bit more) instead of the amount available on the stock margin account (something around 40 000$). At the end of what, confuse, I did not proceed with the transfer. So I guess I will have to call TD Waterhouse again tomorrow see what's going on and ask them to proceed to the transfer for me.

Holding a stock margin account is even more dangerous that what I first taught!!!

Following the application of my stock margin account, TD Waterhouse send me a charming little kit containing all the information related to margin. I read all the information related to my newest stock margin account of course and well, find it discouraging to even use my stock margin account. Why?

Well, it seem like TD Waterhouse had the right to sell any of my investments without giving me a "margin call", without any notifications. Depending of the stock market conditions, TD Waterhouse reserved the right to sell investment in case of a drastic loss of assets value.

Previously before, I was told by a TD Waterhouse broker that there was a 3 days delay to put the account back in standard and that there was going to have a call before anything being done. But it appears that none of this is true! When it come to investment, I am not even sure if anyone of TD Waterhouse know what they are talking about. Really to that point. And yes, sometimes, I hate TD Waterhouse. I really do. I am frustrated.

Can you explain to me how am I suppose to use margin than? That's exactly here that come the 30% rule I guess, coming from another TD Waterhouse rep I spoke to. This mean that to play safe and not be stock on a non-authorized assets sell, better not to use more than 30% of the money available in a stock margin account. 30% or even less. It's all experimentation at this point but I won't use more than 30% of my margin money and also, I plan just to do a one time investment deal using my margin money (the 2 000$ in Horizons Gold Yield Fund (HGY.UN)) and pay off my 5 000$ credit line at 8.75% and I think that after that, it will be all. I won't use more of my margin money because I am now a... margin chicken (and not margin sexy, not anymore). Not all all. Margin is not sexy at all.

Despite the margin suffering, I had receive a surprise: Quebec province send me a 149.50$ cheque! That's nice, especially before Christmas. With the money left on my line of credit (160$), it make a nice little extra. I just received my paycheck, and even after paying my laptop, I have an extra 623$ available: for a Louis Vuitton monogram wallet (lol) or... a new investment. I am thinking about my next investment, but no specific idea yet. I could simply keep the money in my banking account for once. And it could be what will happen because I won't be working at my weekend job until middle or end of January so in the meantime, having a couple of extra hundreds of dollars available just in case of need won't hurt. But to say the true, I would like to invest again in silver through the Sprott Physical Silver Trust (PHS.U). One thing I don't like about the Sprott Physical Silver Trust (PHS.U) is that no matter how good the investment is, it won't bring any dividend in. I have to say, I am very tempt to invest again before the end of 2010, no matter how little the dividend.

The Tourist with Johnny Deep and Angelina Jolie

It was great! Very fun movie! Angelina Jolie is so perfectly sophisticated. And Johnny Deep stunning and funny. I don't understand the bad critics over the film: maybe it is some jealousy? Really, I don't know. I also went saw the last Harry Potter recently. I really like as well. 

My online earnings are going well. I think it's the Maryse Ouellet effect lol... Thanks to my generous readers, I am very close to the 200$! I would like to reach the 200$ by the end of the month and even better, I would like to reach 200$ every month. With my low budget, an extra 200$ per month will make me more than happy. I didn't stick to the minimum budget I advertise in the previous post lately, but I could really make a living under 1 200$ per month.

I reached the 97 000$ mark in my TD Waterhouse broker account. I am just missing 3 000$ before hitting the 100 000$! Would that be enough to have a President account with TD Waterhouse? With a President account, I could get the margin at 3.5%.... Interesting! Do I have what it take to have a President account with TD Waterhouse? I doubt, but it doesn't cost anything to ask, even anonymously...

Remember the investment I want to do in the Horizons Gold Yield Fund? Since TD wasn't list for the public, it make it a bit more complicated but I hope it turn well. I should know by tomorrow. I will keep you post as always ;0))

Enbridge Income Fund (ENF.UN) will soon be from the S&P/TSX Composite Index

Enbridge Income Fund (ENF.UN) had performed well lately and in result, our Enbridge Income Fund (ENF.UN) will soon be add to the Standard & Poor's Canadian index operations! Enbridge Income Fund (ENF.UN) will be add to the Standard & Poor's Canadian index on December 20.

Those are really great news for Enbridge Income Fund (ENF.UN). Enbridge Income Fund (ENF.UN) is a great alternative to Enbridge Inc. (ENB) stocks. Currently, Enbridge Income Fund (ENF.UN) units trades at 17$ and Enbridge Inc. (ENB) stocks trade at... 55.77$!

With Enbridge Income Fund (ENF.UN), you get more for your money: more shares and more dividend.

I had acquired some units of Enbridge Income Fund (ENF.UN) when their trading price was below 14$. This investment had bring a great deal of stability to my investment portfolio, a bit like Corby Distilleries Ltd. (CDL.A).

At the opposite of Enbridge Income Fund (ENF.UN), Bell Aliant Regional Communications Income Fund (BA.UN) will be delete from the index on December 20. In result of the quarterly S&P/TSX Composite Index review, Bell Aliant Regional will be deleted from the Standard & Poor's Canadian index operations on December 20.

How can a margin account at TD Waterhouse can help simplify your budget?

My non registered portfolio is currently at 73 049.09$, which represent a nice increase of somewhere close to 2 000$ compare to my latest update on date of December 2nd. My online broker account in Canadian dollars is now registered under margin. The transformation is now completed.

Dividend from Just Energy Income Fund (JE.UN)

I had received 80.21$ in dividend from Just Energy Income Fund (JE.UN). I had received this dividend payment in my cash account, so I had to call to place the transfer. Having a margin mess up my broker account, but once you get it, its pretty easy to find your way.

Budgeting made easy using margin money to pay off debt at a higher interest rate

I own several credit products that I use for leverage. This meaning that I use money available on credit lines and credit card balance transfer to invest. So far, I had been successful doing so. But one problem being the interest rate paid on the money borrowed.

Here are my debt:

9 671.43$ at 4.75% (RRSP credit line) = 459.39$ in annual interest.
Minimum monthly payment required: 108$

4 900$ at 4% (credit line) = 196$ in annual interest.
Minimum monthly payment required: 100$

7 957.05$ at 4.9% ending in April 2011 = 389.90$ in annual interest
Minimum monthly payment required: 44$

4 911$ at 8.75% (credit line) = 429.71$ in annual interest
Minimum monthly payment required: 150$

7 943.01$ at 5.50% (student loan) = 436.87$ in annual interest
Minimum monthly payment required: 98$

10 000$ at 7.27% (credit line) = 727$ in annual interest
Minimum monthly payment required: 60.58$

TOTAL in debt: 45 382.49$
TOTAL in annual interest: 2 638.87$
TOTAL in minimum payment required: 560.58$

Currently at TD Waterhouse, unless you own a President account, the interest rate on margin is of 4.5%. The latest product I had apply for is a credit line of 10 000$ at RBC Royal Bank. Luckily, I only have the interest to pay as a monthly payment. As you can see, the interest rate of my credit product is relatively reasonable. My 10 000$ credit line at RBC Royal Bank is a bit high (7.27%). But my 5 000$ credit line own at TD Canada Trust is quite at a high interest rate. We are talking here of an interest rate of more than 8%, for an amount of 429.71$ in annual interest! That's way too much! Currently, that credit line is at 4 833.88$, almost full. So here's what I am planning to do: withdraw the 166.12$ to pay on my BMO Bank of Montreal credit line (where I need to pay 100$, and keep the remaining 66.12$ for Boxing Day shopping. And what's going to happen next? Well, I am going to transfer 5 000$ from my margin to entirely pay my credit line!

So forget about the Louis Vuitton purse, because there won't be any Louis Vuitton purse anytime soon, despite that 43 653.66$ that I have available on my margin account. Having a 43 653.66$ available in my margin account mean that I currently have 43 653.66$ to do whatever I want - or almost. Currently, the plan is to use some of the margin money to pay off some of my debt that are at higher interest rate.

I spoke to many TD Waterhouse representatives about margin and once advice that I had been provided was not to use more than 30% of the money available on my margin in other to avoid any catastrophic margin call. I knew from the start that I shouldn't use all the margin money available, even if its to pay off debt. In case of a margin call, I just transfer the money from my credit line to the margin account. And voilà. That's pretty easy right? Yeah but still, I think I will stick to the 30% for now. Before, I didn't come with a straight % of the margin that I should used. But just to be in good standard, I decided to stick to the 30% usage of my margin account because it make good common sense. My 30% limit on a 43 653.66$ margin account money is giving me the amount of 13 097$. So I do I plan to use that 13 097$? Here are the projects:

Purchase of 200 units of Horizons Gold Yield Fund (HGY.UN)

Amount: 2 000$

Yeah, I know. I know that previously before, I wrote that I wasn't going to use margin money to invest, but this is the only exception because this is about gold and dividend. Horizons Gold Yield Fund (HGY.UN) plan to provide a 6.5% dividend yield (for a monthly dividend earning of 10.83$).

Pay off my 5 000$ credit line at TD Canada Trust at 8.75%

Amount: 5 000$

That's sit, bye bye high interest rate!!!

And I am not even done yet. I have left 6 097$...

Pay 6 097$ on my 10 000$ credit line at 7.27%

That's pretty good stuff isn't? Well, its not over yet. Those little changes will bring a great improvement on my budget. Let's check on the before and the after:

My budget BEFORE margin use:

Internet: 51$
Rent: 555$
RRSP credit line: 108$
Credit line: 100$
Credit card balance transfer: 44$
Credit line: 150$
Student loan: 98$
Credit line: 60.58$
Usual banking fees: 5.15$

TOTAL: 1 171.73$

My budget AFTER margin use:

Internet: 51$
Rent: 555$
RRSP credit line: 108$
Credit line: 100$
Credit card balance transfer: 44$
Student loan: 98$
Credit line: 23.65$
Usual banking fees: 5.15$
Payment of the 4.5% interest rate on the amount of 13 097$: 49.12$

TOTAL: 1 033.91$


And if we continue the calculation, 1 033.91$ + 250$ (groceries and other) = 1 283.91$

Every month, I transfer 100$ of my credit line at 4% over to pay my credit card...

1 283.91$ - 100$ = 1 183.91$

While using 30% of my margin account, I can easily make a comfortable living under 1 200$. All extra money can go straight on investment.

At the end of what, I am going to end this the same way Maryse Ouellet: BE SEXY. But to this, I will add my own personal touch: BE MARGIN SEXY. But do not more than 30% of your margin, and you'll be even sexier...

Margin broker account of TD Waterhouse and Louis Vuitton purses

My margin account is now open at TD Waterhouse!

Ok, this is what I had been talking over and over again. It created a real mess in my broker account but now it’s there: my margin account. My non registered Canadian account had a portfolio value of 72 232.12$. My margin value is at 43 653.66$, which represent a 60% value of my non registered portfolio. Which mean that I have 43 653.66$ available to do whatever I want: purchase designer clothes, I am finally going to get that Louis Vuitton purse I wanted for so long, I am going to fly my way to New York for the New Year Eve. All of the stuff I always wanted to do, I am going to do them all using my margin money.

Nanana. This is a joke of course. I never dream of wearing designer clothes, I don’t especially like Louis Vuitton bag and when it come to New Year Eve, Montreal is as good as New York. When it comes to living, I am happy the way I am. What I really want to do however is use that margin money to pay off my 8.75% credit line of 5 000$ that I hold with TD Canada Trust. Also, I really want to invest in the Horizons Gold Yield Fund (HGY.UN), which is currently under public offering. This will be a transaction value of 2 000$. I just hope it’s not too late to get involved in the public offering of Horizons Gold Yield Fund (HGY.UN). I was told I have until December 17. Anyhow, I couldn’t make it any faster so if it have to happen it will and if not, well, it will be a bye-bye Horizons Gold Yield Fund (HGY.UN).

I had been busy and my only regret is not having taken it off today. My place is in real need of an in deep clean and I have laundry that need to be made. Anyone want to volunteer? I wasn’t working at my weekend job today, so I had that bright idea to go do some extra hours at my daytime job since I had been cut a couple of hours on Wednesday. I wake up quite late, went there later on in the afternoon and did a close 8 hours shift. At the end of the shift, I realize I had lost my locker keys... I look for them everywhere, finally find them (thank you GOD)... Because gees, if I wouldn’t find my keys, my laptop would had stayed in my locker! But it didn’t happen.

I will be careful with my margin and at this time, I just plan to use 16% of the margin money available. This 7 000$ loan on my margin account is pretty reasonable and this will be how it will be until the end of December. Other than that Horizons Gold Yield Fund (HGY.UN) investment, I don’t plan to do any more investment for 2010.  

Overall, 2010 had been a good year for my investments. As for the rest, that’s another story.

Fortis (FTS) dividend payment for December 2010

I had received Fortis (FTS) dividend just.. now! I had received 29.96$ in dividend income. After being send home early today at home, its feel good to have a little extra coming from heaven. I knew I was going to received something from Fortis (FTS) this month, but I didn’t know exactly when. Fortis is one of those good Canadian dividend paying stocks. I don’t know exactly when I will be able to buy stocks online anytime soon, but while remaining uncertain, I will certainly enjoy my latest dividend payment.

While I have to leave work earlier because of a lack of work, I wrote articles for HubPages, which was very fun. Do you know Maryse Ouellet? She’s a professional wrestler, born in Montreal. When I was younger, my dad use to listen to wrestling show and I never understood too well what wrestling was all about. And to tell the true, I don’t know any better now. I always find wrestling very entertaining anyhow. But at the same time, I find it very act. So when I read that Maryse Ouellet suffers of many injuries (broken nose, knees problem etc) in her wrestling career, I ask myself: are wrestlers really fighting or those injuries happen by accidents? I think that’s part of the wrestling myth. Well it is for me. 

I hope to be able to make a few pennies with my online article. I would like to reach the 100 HubPages by the end of the year. If they continue to cut my hours at work, I certainly be able to reach the 100... Better laugh about it, right. If you like to support my work, please visit my HubPages section, right here.

Natalie McLennan received a light sentence from the Supreme Court in Manhattan

Today, I got my hours cut at work as I was told I have to finish my shift earlier. This is the second time in 3 years of work it’s happening to me. I am not really use to this. When I wake up this morning, I told myself that if it was cold outside, I was going to purchase a metro pass for the month of December. I didn’t purchase a metro pass since last May, this making a difference for me as it make be doing exercise and make me save 70$ per month in my everyday budget. So I prepare myself to go to work and, when outside, the weather was not cold at all. Well, not as cold as it can be in winter. So I didn’t purchase my metro pass today and I am very glad I didn’t purchase it. Why? Well with those hours of work being cut, I prefer to walk rather than spending 70$ on a metro pass that I cannot even afford. Well, that’s quick talking because I could purchase it without any hurt, because I am so happy I didn’t purchase a metro pass this morning! 

This was a sad day for me and 14 other of my colleagues, but it was a harder one for Natalie McLennan. Today, Natalie McLennan, a Montreal native, appears to the Supreme Court in Manhattan related to her 2005 aerostation. According to the New York Times, Natalie McLennan had pleaded guilty of attempted money laundering in the fourth degree and sentenced to time served. This confused me at first because Natalie McLennan had previously appeared to court and had spent time in prison. That was before the publication of her book. 

Back at the time, Natalie McLennan had to spend 30 days in prison and had to pay a 25 000$ bail. From my understanding, Natalie McLennan had been sentence today to spend 20 days in jail. Like if what she went through wasn’t enough already. But this makes the end of the saga and we should wish her well. She was smiling and wasn’t wearing any makeup, while leaving court. I think Natalie McLennan will be just fine. She’s the writer of a book where she shared her experience, very well writing (nothing like this blog lol!) and captivating. Thinking about escorting? Read Natalie McLennan book first. It should change your mind.

Opening a margin account with TD Waterhouse

Done and completed, despite the heavy snow! I took some pictures this morning. It was something to see. I should hear about my Horizons gold investment today. I should get the margin account in my broker account in about 5 business days. It went well, pretty quick as it was simply just a form that need to be fill. As for the margin use, I will start with a 2 000$ for investment and I will pay off my TD Canada Trust credit line, the one I hold at more than 8%. I will start with 7 000$ just to see how it goes and after, I will use the money to pay my 10 000$ credit line at 7% and so on. But that will be all. With an interest rate of 4.75%, my margin will help me to decrease the amount of interest paid on my debt. Since those debts are money invested and not purchase type debt, I consider my margin used to be good for my type of situation.

Eric Sprott next big thing: Sprott Physical Silver Trust UTS (PHS.U)

Eric Sprott is a genius and genius you are if you had follow my move of early November 2010 in the Sprott Physical Silver Trust UTS (PHS.U)! Yep, silver is the next big thing, and I was good enough to follow Eric Sprott drive.

And here am I: at a point of the day, if I would have sold my investment in the Sprott Physical Silver Trust UTS (PHS.U), I would have made close to 500$ in profit! Do I make 500$ in one day of work? NO. Of course not. But when investing on the stock market, the possibilities are endless, especially if you are bright enough to follow Eric Sprott footsteps. And trust me, I am following Eric Sprott and Sprott Inc. (SII) very closely.I don’t plan to sell my Sprott Physical Silver Trust UTS (PHS.U) units anytime soon. So get ready for awesome profit. And I need those awesome profits. Remember our investment in Timminco (TIM) that makes me loose more than 4 000$? Timminco (TIM) used to be Eric Sprott and Jean-François Tardif little favourite. But it’s not more, I guess. I am slowly recovering from my lost in Timminco and very soon, all sign of money lost will disappear. You can trust me on that one!

Personally, I do not have anything against Timminco (TIM). When reading about Timminco (TIM), I find the company very great. I think Timminco (TIM) got really hurt by the financial crisis that we are still living in. I could say the same thing about Hanwei Energy Services (HE). I still have faith in Timminco (TIM), but if you ask me to choose between Timminco (TIM) or Hanwei Energy Services (HE), I pick Hanwei Energy Services (HE).

Things will only get better for Hanwei Energy Services (HE). I trully belive in this company that I had been holding since... (?) a little while now. Today only, Hanwei Energy Services (HE) had gain more than 5%!!! Go Hanwei Energy Services (HE) go! There’s still a long way to go before Hanwei Energy Services reach its old 2$ per stock, but I am confident that – one day – lol... – we will be back there. Until that time, I am sticking to Hanwei Energy Services (HE)!

Once reading Rob Carrick of the Globe and Mail, one of his article made be believe that the guy doesn’t have a clue of what he is talking about when he write about investments and the stock market. In one of his article, he said something like you shouldn’t be ashamed of being a stick and hold investor... like what??? Buying and selling-buying and selling-buying and selling again is something for the big players who want to ruin the TSX! But at the end, it doesn’t mean that they make that much money fooling around with the stock market. Stick and hold is the way to go for small investors. Stick and hold investor type are among the most powerful and reliable investors. It’s not only a question of money; it’s a question of holding what you believe in. There’s no shame to have in being that type of investors. I am a stick and hold investor and today, my investment portfolio reach 72 422.27$. That’s an increase of 967.15$ compare to December 2, our latest investment portfolio update... Now, try to find someone on the Web who beat me.... lol...

A stick and hold strategy represent as much work as a buy and sell one as it require investors to closely follow the investments they hold. During the day while working – thank to my newest iPod, I can easily follow the market and quickly give a look at my holding to verify is everything is ok. I check the market a couple of times during the day. But usually, with the type of holding I have, everything fine, especially when it come to the investment of 2010.

Rob Carrick and other pals (we could add BMO Bank of Montreal (BMO) to the list of course because they really don't have it at all) can seem to be very knowledgeable because they publish and are publicly out there but don’t let anyone fool you, not even Eric Sprott.

Eric Sprott makes me loose thousands of dollars with his Timminco (TIM). I don’t blame him directly, but he was one of the biggest investor stars publicly supporting Timminco. I made the decision to invest in Timminco because I wanted to make money and in return, I got burn. So when Eric Sprott says that he mostly has gold and silver in his portfolio, I reserved myself to doubt about a gold and silver only portfolio. Investing in gold and silver is good, but gold and silver, like the rest, represent some investment risk.

You shouldn’t never forget that all investments you made are subject to risk, no matter how good they can seem. Gold and silver are stuff – among other – that I am willing to add to my portfolio, but just among other.

Anyhow, less seriously, if you are living in Montreal, winter is now in, we have that beautiful snow and I am still without a metro pass. It’s going to be fun going home in all that snow. Now that winter had kicked in, EnCana Corporation (ECA) that I hold in my online broker day trading finally starts to gain value. I would like a 35$ per stock. But no matter what happen, stick to EnCana Corporation it could go back to the old 60$ per stock.

Tomorrow, I am getting margin ready. Cha-cha-cha.

I had an appointment at 8am at TD Waterhouse to open my margin account. I just hope for a straight forward appointment and I hope the TD Waterhouse representative will do the job properly without comments or being pejorative. It’s not always easy to deal with Quebec people. You know, those Quebeckers. But of course, I will get back to you with all the details!

And talking about Quebeckers, I thing that Jean Charest is a perfect representative for Quebec population: a human liar, just as the Quebec population itself. So it make me laugh hard when I listing to Amir Khadir speech, asking Jean Charest to resign. Why Jean Charest should gave up his position of Quebec leader when he’s doing the job so well! When I read that a popular TV French show Tout le monde en parle, Jean Charest said that he believe he’s going a great job and is willing to complete his term as a Prime Minister, I taught: Quebeckers had what they deserved. And it’s not even yet, as Quebec provincial tax is going to increase of 1%... Quebec province is so well manage that its leaders had to increase the provincial tax to make thing happen. That’s Quebec leadership at its best. And Jean Charest is a good Prime Minister for Quebec province. He’s the best of all! Amir Khadir has to stop talking.

And what about Horizons Gold Yield Fund (HGY.UN)?

December 17, 2010. That’s the date you need to remember. December 17, 2010 seem to be the deadline for the public offering for Horizons Gold Yield Fund (HGY.UN). And of course, I am getting into it! As I wrote previously, the minimum investment required is 1 000$. Once the margin account will be open, I expect to use 2 000$ of it to invest in the Horizons Gold Yield Fund (HGY.UN). But I will get more details about this investment tomorrow as well. Those were for the general news.

I am now at 119 091.10$

This week is finally over. I work this weekend, but it could me my last weekend until mid-January. I am not very upset of being out of weekend work: you should see me, I look horrible. I am mentally and physically exhausted and I am missing my free time. Anyhow, I will be taking a break from that horrible lifestyle for the upcoming week. The everyday routine is so terribly exhausting, so usual, so BORING lol... But I am ready to stick to it because all of that money of mine is getting me rich and richer. Don’t you ever believe that I am earnings thousands and thousands of dollars every month; that’s not true. I had been working at 2 and sometime even 3 jobs to make this happen...

Thinking about buying US dollars with TD Waterhouse?

Nothing is easy but it definitively worth it, especially now that Derek Foster had published his newest book and his latest email newsletter... Seem like Derek Foster had a particular interest for our US friends. And yes, this is a terrific time for investors, especially if you are into currency investment! If, like me, you are with the Canadian online broker TD Waterhouse (which is the best online trading broker by the way), go open your online stock trading account now. Check under your “Balance” information, right at the bottom. You’ll see “USD Conversion rate” and next to it, you’ll find the following online currency exchange rate: 1.006. And this online currency exchange is HUGE.

What you had seen is right; we are almost at 1, which mean that parity US-Canadian dollars is almost here. Want to get a taste of what parity mean? Well, let say I have 600$ in Canadian currency that I want to invest in the US stock market. First, I will need to converse my Canadian dollars in US ones. Want to know how much 600$ Canadian dollars worth in US dollars? Simple, proceed that way: the amount in Canadian dollars/rate: 600$/1.006 = 596.42$ US! If you have money to invest, this is the perfect time to get your Canadian dollars converse into US ones. One of the best times ever. Great news isn’t? The only problem being to get cash now. This meaning that getting fresh cash at this time is definitively a problem for me.

Yeahh, I am now at 119 091.10$

Yesterday evening, I took time to update my stock investment portfolio. That thing of mine is now such of a monster! So diversify and sooooo long....... I calculate all of this manually. I could possibly do all of those calculations on a special sheet but part of the fun of updating my online investment portfolio and when it come informatics tool, I far from being the best. Anyhow, I put in all the money I currently have in my online savings store in my banks savings account etc and all together, it make the magical amount of 119 091.10$.

My non registered stock investment portfolio had done even better today, for a closing at 71 795.22$. That’s a profit of 340.10$ compare to yesterday. Those profits are partly coming from my silver trading in the Sprott Physical Silver Trust UTS (PHS.U) from Sprott Asset Management, which had close today session at a very awesome 12.30$. There’s not many units left of the Sprott Physical Silver Trust UTS (PHS.U), only 156 857, apparently. But before today session, it was even less, something around 50 000 if I remember. So I guess some investors might have cash in their profits. Good, but hold on because the way things are going, the Sprott Physical Silver Trust UTS (PHS.U) could reach soon the 15$ per unit. I can easily imagine that. I plan to stick and hold to the Sprott Physical Silver Trust for a very long time and I plan to sell only in case of need but even there, in case I need cash, I will sell my Bank of Nova Scotia (BNS) stocks first. Reason why? I don’t care about Bank of Nova Scotia since they had refused my RRSP loan last March. The only reason why I am not selling my BNS stock is because of the capital gain I will have to declare. Remember that I purchase 100 stocks of BNS when they were only at 44$ I could had done a better deal purchasing them at 27$ after the stock crash but I taught at that time – in 2008 – that purchasing Canadian bank stocks of Scotia Bank at 44$ was a pretty smart move. It was, but the move could have been better. This is just a proof that I am not a psychic. I am not able to read the future, but what I can say is that I am going to soon be holding some units of the public offering of the Horizons Gold Yield Fund (HGY.UN).

Looking forward to invest in the Horizons Gold Yield Fund (HGY.UN)

In a hurry, I call my TD Waterhouse online broker today, asking them how to invest in the Horizons Gold Yield Fund (HGY.UN). Gold just like silver, according to Eric Sprott, is the next best thing and there’s no way I am not going to invest in the Horizons Gold Yield Fund (HGY.UN).

When doing some search over the Internet about the public offering of Horizons Gold Yield Fund (HGY.UN), you may read at some places that the public offering of Horizons Gold Yield Fund (HGY.UN) is only being offered with Scotia iTrade of Scotia Bank among other. Actually, here’s a complete list: BMO Capital Markets, CIBC and National Bank Financial Inc., and includes RBC Capital Markets, Scotia Capital Inc., Canaccord Genuity Corporation, HSBC Securities (Canada) Inc., GMP Securities LP, Raymond James Ltd., Dundee Securities Corporation, Mackie Research Capital Corporation, Macquarie Private Wealth Inc., MGI Securities Inc., Rothenberg Capital Management Inc. and Wellington West Capital Markets Inc. Seem like someone had forgot to include TD Waterhouse, one of the best discount commodity brokers, in the list right. Well, we all make mistake...

But don’t ever worry; I have of good news for you! You can be part of the Horizons Gold Yield Fund (HGY.UN) offering if you have a minimum of 1 000$ to invest. But hurry up, because you have until December 17 to make your move (and find the cash... lol...). I would had been interesting at investing 400$ only. But I learn that the minimum was 1 000$... So what am I going to do now. Will I have to say good-bye to my first public offering?

NO. OF COURSE NOT.

Getting ready to open my first margin account

Hello margin! I wonder why I had wait so long before opening a margin account. I was pretty dumb because if I would have opened my margin before, I would have the margin account at a super low interest rate of 3.5%. Was it the exhaustion? The laziness? My only excuse, and it’s an easy one, was the lack of time. But my inaction had cost me a 1% in interest rate. Currently, TD Waterhouse margin account is set up at 4.75%. Still interesting for me knowing that I have a 5 000$ credit line with TD Canada Trust at 8.75% and a 10 000$ credit line with one of their competitor at something like 7.27%. So imagine the possibilities, all the money save in interest! The best of course, would be to be debt free, but I doubt this will ever happen, for many factors. But holding debt at less than 5% is something extremely interesting.

But nothing done yet, I still need to be approved but hey, did TD Waterhouse and/or TD Canada Trust ever refused something to me? The answer, for the fast majority is NO. And I could push it harder by saying that at some point, I am the TD QUEEN. Lol... Pretty hilarious isn’t...

There’s no way I will be able to find 1 000$ in fresh new cash to invest in the Horizons Gold Yield Fund (HGY.UN). My only solution is to use money coming from a margin... I would like to invest 2 000$ in the Horizons Gold Yield Fund (HGY.UN) using margin money and the rest available would be use to pay all the debt (at the exemption of my student loan) that I hold at an interest rate of higher than 4.75%. I am not even afraid to use all of the margin money available to pay off debt, but the vast majority of it will be use to pay off debt. Money need to be available in case the stock market crash again (and according to Eric Sprott, it could happen again), so better be ready. The Horizons Gold Yield Fund (HGY.UN) would be the only investment made using margin.

What I learn today about margin call

I ask the question to a stock broker of TD Waterhouse online broker day trading today: what if something happen and I get a margin call, what happen? Well, first you get a call from the credit department and after what; you have 3 days to pay off the margin. After 3 days, the credit department reserve the right to sell a portion of your portfolio to cover the margin. But this being only after 3 days. So basically, if you use margin to pay off debt only, your margin account use will be pretty safe. And especially more if, like me, you take a look at your online stock trading account every day, you won`t have to deal with any bad surprises. No one will come and sell your online investment portfolio on your behalf. That’s very interesting.

One of the reasons why I am getting so passionate about the Horizons Gold Yield Fund (HGY.UN) is that no matter what, TD Waterhouse can do whatever it takes to jump into the investment and also, acquiring units of Horizons Gold Yield Fund (HGY.UN) through this public offering is commission free trading! Which mean there’s no fee related to the acquisition of Horizons Gold Yield Fund (HGY.UN).

On top of that, you are sure of acquiring some Horizons Gold Yield Fund (HGY.UN) units before everyone else, which is pretty cool. And don’t forget the flat price of 10$ per unit. That’s very interesting too and knowing we are talking here about gold investment, you get a great deal for your money and you’re getting ready for very good profit. This is not, of course 100% sure, but takes a look at how much worth gold right now, if it’s what it needs to satisfy your concerns. Because me, I don’t have any concerns or doubts when it come to the Horizons Gold Yield Fund (HGY.UN). And it’s the same thing when it comes to the Sprott Canadian Equity Fund.

My investment in the Sprott Canadian Equity Fund close at 7 428.01$. A profit of 428.01$ within a couple of days. Try to find something better on the mutual funds market right now – you won’t find anything better. And forget about BMO Bank of Montreal mutual funds when it comes to aggressive growth mutual funds as well as BMO Bank of Montreal ETFs: they don’t worth half of Sprott Asset Management investment products.