Welcome to Exchange Income Corporation (EIF), 100 stocks of EIF in my stock investment portfolio

More about EIF soon!

Welcome to Capital Power Income L.P. (CPA.UN), 100 stocks of CPA.UN in my stock investment portfolio

More about CPA.UN soon!

It's trading Monday, get ready for action in my online future trading brokerage

Usually I post about my trade made inside my online future trading brokerage of almost in real time, but this time, I was not able to do so. Here's my online stock market trading for today:

I sold 100 stocks of Bank of Nova Scotia (BNS). Canadian bank stocks are not for me, but I still own more than 100 stocks of Bank of Nova Scotia (BNS) inside my stock investment portfolio. The amount earn this way was of 5 675$ and I immediately continue by buying 100 stocks of Capital Power Income L.P. (CPA.UN) for an investment value of 1 969$, 100 stocks of Exchange Income Corporation (EIF) for an investment value of 1 989$ and and 300 stocks of Rogers Sugar Inc. (RSI) for an invetsment value of 1 674.99$. I like to trade commodities online, among other.

It's been quite a busy Monday. I also had called RBC financial group online banking about the selling of RBC O'Shaughnessy Canadian Equity Fund. Selling mutual fund is never easy because you never who at which price your going to sell your units. I remember that from my sell of my Crestsreet Alternative Energy Fund from the alternative energy mutual funds family that I sold last year. According to the RBC expert I talk to, the best way to sell mutual fund is to call before 4PM . The representative told me to take a look at the biggest holder of the mutual fund and if I see if they are on the high during the day. And than, if it's the case, to call back, but to call back before 4PM. If not, the sell order will go for the next business day, without a pulse of the stock market investment. I will keep an eyed on the online stock market investing tomorrow and if I see the Toronto stock exchange market is up again, I will call RBC and place my sell order for the RBC O'Shaughnessy Canadian Equity Fund.

It's never fun to sell an investment but in this case, not to say that "it's all about money" (like I explain on my dada sentence on top of my blog), but this time, it's all about reaching a dividend goal.

Also, I ask to the RBC rep how much will it be to transfer money from RBC to a commodity trading broker account hold outside the RBC channel. It's quite expensive, its 50$ per transfer type. So let's say you transfer your TFSA own at RBC to TD Waterhouse, that will cost 50$. It will cost you another 50$ to transfer your RRSP money from RBC to TD Waterhouse online. I know TD Waterhouse give 100$ or something alike whenever you bring in a what I remember is 10 000$ into their service. But I just don't remember. To trade stocks online with TD Waterhouse securities is SO EASY. That's the reason I would be willing to transfer everything into my online future trading brokerage hold with TD Waterhouse online.

I own my units of RBC O'Shaughnessy Canadian Equity Fund inside my TFSA. It doesn't worth it to pay 50$ for a TFSA transfer so I am just going to cash out the money outside the TFSA. I don't really have a choice and at this point, the TFSA is just not made for me. I explain that previously. This is because I decide to open a margin account and do margin borrowing. I have to say, buying stocks on margin is one of the easiest thing. It can be quite addictive (that's how I got enroll in more than 60k of debt... yeah.. lol).

TFSA holding are not being consider for margin investment. So bye-bye TFSA. But just for now.

Because yes, TFSA worth it, but only if you are extremely good at managing your money and, to tell the true, I like investing too much to be able to say that yeah, I got it all the way. Because no, I don't have it all. Well, not yet.

I am not saying that any of this are the best moves ever or that I am investing in the best companies ever. All of this is an ultimate try to increase my dividend income. Among the way, I also try to bring diversification in. Once everything will be completed, I will be satisfied. The only thing left to do is watch the dividend income hit my cash account or DRIP, depending of the admisibility. My dividend income still registered under a DRIP, despite the fact that it will be soon exceeding the 7 000$. I have to say, it's quite tempting to just cash in the dividend, but a DRIP, even just 1 or 2 extra stocks per month or quarter,will make a difference on the long run.

I could had wait for Bank of Nova Scotia (BNS) to gain more value, but I just couldn't wait. I had to sell another 100 stocks and I wanted to get the plan all set up now! Right now! Yeahh!

So at this time, there's only a couple of online stock investing missing from my dividend team:

200 stocks of Colabor Group Inc. (GCL) for an approximate value of 2 392$

Dividend yield: 9%

Dividend income: 215.20$

200 stocks of Veresen Inc. (VSN) for an approximate value of 2 566$

Dividend yield: 7.70%

Dividend income: 200$

200 stocks of TDb Split Corp. (XTD) for an approximate value of 1 386$

Dividend yield: 8.70%

Dividend income: 120$

147 stocks of Provident Energy Ltd. (PVE) for an approximate value of 1 181$

Dividend yield: 6.90%

Dividend income: 79.38$

Those last couple of investments worth together more than 7 000$. I don't know when exactly I will be investing in them. But time will tell. It will be whenever I feel like it.

I always have that sell limit order for 500 stocks at 9.60$ of Sprott Inc. (SII) that is open. I am not in a rush to sell this one but I wonder if Sprott Inc. (SII) will ever hit the 9.60$ ever again on the Toronto stock exchange market.

What a 7 128.01$ in dividend earning can change in my life

In my previous post, I announced changes that I plan to make in my investment portfolio. Following those changes, I will be earning a 7 128.01$ in dividend (outside RRSP), for an equivalent of 594$ per month. No big deal, you might think... well, yeah, its a big big deal!

To help you understand the reason of the deal, we'll review my budgeting planning. Here's my monthly budget:

Rent: 555$
Minimum payment required on retirement savings plans loan: 111$
Minimum payment required on credit line 1: 100$
Student loan debt consolidation: 98$
Minimum payment required on credit line 2 (interest only line of credit): 70$
Minimum payment required on credit card balance transfer offer at 4.9%: 44$
Internet: 51$
Banking fees: 6$
TOTAL: 1 035$

To the 1 035$, I will add the minimum of the minimum required for food... 250$

1 035$ + 250$ = 1 285$ - the 100$ payment required on credit line 1 (renewable credit extremely renewable from a month to another...)

= 1 185$

1 185$ - 594$ (dividend)
= 591$

What mean that 591$? It's the 591$ that I missing to be able to live from my dividend! This mean I could work only part-time at my weekend job and I could be able to make a living, working only 2 days a week. Of course, nothing of this will happen anytime soon, but I just wanted to illustrate the reason why this 7 128.01$ in dividend income is important.

Interesting, but its not anytime soon that I will be quitting my daytime job.

I am now at 144 709.79$

I had been quite busy lately with my online stock investing! I am please with the recent changes made to my online stock investment through my online future trading broker. The latest changes include the sell of 100 stocks of Bank of Nova Scotia (BNS). This trade bring in 5 674.01$ in cash. I still own 207 stocks of Bank of Nova Scotia (BNS). The goal was to invest in high dividend payer companies. Bank of Nova Scotia (BNS) is a good company (its a Derek Foster stock) to hold inside an online investment portfolio, but it only provide a dividend yield of 3.499%. I hold a lot of debt and, at this point, its a I pay off my debt or I invest in higher dividend companies situation. I don't have any debt management plans at this time.

Because I don't plan to pay off debt anytime soon, I decide to reinvest the 5 674.01$ into 3 super dividend stock funds: Superior Plus Corp. (SPB), New Flyer Industries Inc. (NFI.UN) and Financial 15 Split Corp. (FTN).

And here's now my dividend income from my online stock investment:

Non registered Investments:
Stocks and Units online investment portfolio
Sprott Inc. (SII): 102$ + special dividend of 60 cents for 520 stocks of Sprott Inc. (SII): 414$
Bank of Nova Scotia (BNS): 405.72$
Methanex Corporation (MX): 63.86$
Fortis (FTS): 124.12$
Pembina Pipeline Corporation (PPL): 675.48$
Just Energy Group Inc. (JE): 949.25$ + special dividend of 20 cents (the special dividend of JE haven't been declared yet, but it will probably be of at least 20 cents) = 1 102.85$
Yellow Media Inc. (YLO): 311.04$
Bell Aliant Inc. (BA): 385.70$
Pengrowth Energy Corporation (PGF): 179.76$
Enbridge Income Fund Holdings Inc. (ENF): 369.79$
Corby Distilleries Limited (CDL.A): 113.12$
Davis + Henderson Corporation (DH): 370.87$
Premium Brands Holdings Corporation (PBH): 244.61$
EnCana Corporation (ECA): 160.80$
iShares S&P/TSX Capped REIT Index (XRE): 112.73$
Horizons Gold Yield Fund (HGY.UN): 130$
Canfor Pulp Products Inc. (CFX): 140$
Superior Plus Corp. (SPB): 324$
New Flyer Industries Inc. (NFI.UN): 234$
Financial 15 Split Corp. (FTN): 150.84$

TOTAL: 6 013.29$

Tax free savings account (TFSA):
EnerCare Inc. (ECI): 277.34$

TOTAL: 277.34$

Retirement investing:
EnCana Corporation (ECA): 80$
Emera Incorporated (EMA): 267.80$

TOTAL: 347.80$

OVERALL TOTAL: 6 638.43$

At this point, my dividend income largely cover the interest of my debt:

Online stock investment dividend income 6 638.43$ - interest own on debt 3 227.71$
= 3 410.72$

It's a reason why I am not very plug into paying debt. Dealing with debt is not a problem for me. I could hold 100k in debt that it wouldn't be bothering me, as long I can make the minimum payment required on the loan and as long my dividend income exceed the interest own on debt.

Anyhow, this past week, several changes happen in my online investment portfolio and it's not even over yet! 6 638.43$ in dividend? NOT ENOUGH! This past week, I had sell stock online, 100 stocks of Bank of Nova Scotia (BNS).

Watch out: whenever the market will be good, I plan again to sell stock online. I will be selling another 100 stocks of Bank of Nova Scotia (BNS). I should be able to earn around 5 700$. And again, I plan to reinvest the money is higher dividend payers.

I won't sell all of my BNS stocks. I plan to keep the original 100 stocks I invested back in the time. But all exceeding stocks of Bank of Nova Scotia (BNS) WILL BE SELL.

Also, I plan to sell the extra 500 stocks of Sprott Inc. (SII) that I currently hold to simply keep the 520 stocks. Back in 2008, Sprott Inc. (SII) was my very first online stock investment. I don't plan to sell my original investment in Sprott. It's a keep it for life investment kind of type. Because it was my first one. I had been a long time investor of RBC O’Shaughnessy Canadian Equity Fund. I won units of RBC O’Shaughnessy Canadian Equity Fund inside my Tax-free savings account (TFSA). The fund is good, but its not an extra performer and I have enough. I plan to sell my RBC O’Shaughnessy Canadian Equity Fund units, and cash the money outside my TFSA. Which mean I plan to withdraw 3 000$ from my TFSA. The money will be deposit in my non registered Canadian online future trading brokerage account. And you know what we'll be doing with it? Buy stock online through online stock investing! Again!

This is all very nice of course, but in which company do I plan to invest in? All combine together, those 3 sells will bring 13 100$ in fresh cash, cash available immediately for online stock investing. The cash will to go were it belong: the Toronto stock exchange market.

Here's how I plan to reinvest the money in my online broker day trading:

100 stocks of Exchange Income Corporation (EIF) for an approximate value of 2 000$
Dividend yield: 7.907%
Dividend income: 156$

300 stocks of Rogers Sugar Inc. (RSI) for an approximate value of 1 638$
Dividend yield: 8.424%
Dividend income: 136.80$

200 stocks of Colabor Group Inc. (GCL) for an approximate value of 2 392$
Dividend yield: 9%
Dividend income: 215.20$

100 stocks of Capital Power Income L.P. (CPA.UN) for an approximate value of 1 937$
Dividend yield: 9.30%
Dividend income: 176$

200 stocks of Veresen Inc. (VSN) for an approximate value of 2 566$
Dividend yield: 7.70%
Dividend income: 200$

200 stocks of TDb Split Corp. (XTD) for an approximate value of 1 386$
Dividend yield: 8.70%
Dividend income: 120$

147 stocks of Provident Energy Ltd. (PVE) for an approximate value of 1 181$
Dividend yield: 6.90%
Dividend income: 79.38$

TOTAL of dividend income of my online broker day trading: 1 083.38$

6 638.43$ - 246$ (dividend of 100 BNS stocks and 500 stocks of SII) =
6 392.43$
+ 1 083.38$
= 7 475.81$

If I leave behind the RRSP dividend, its 7 128.01$ that I will earn in dividend income on a yearly basis with the help of the Canadian stock markets.

A 7 128.01$ in dividend earning outside RRSP is good, but I could make it even better. How? By selling the units I own of Sprott Physical Silver Trust UTS (PHS.U). Sprott Physical Silver Trust UTS (PHS.U) do not pay any dividend. I could eventually sold Sprott Physical Silver Trust UTS (PHS.U) to invest in another dividend payer corporation, but I won't do so. I could also sell the stocks I own of Dumont Nickel Inc. (DNI) and invest the money in something like Rogers Sugar Inc. (RSI), but I won't for now. I like my Sprott Physical Silver Trust UTS (PHS.U) and Dumont Nickel Inc. (DNI) too much for that. And online investment shouldn't just be of dividend anyway. Its not anytime soon I will be able to live on dividend like you know who, but the possibility is getting closer. At this point and with the changes I plan to do, I think that my online investment portfolio will be good enough for me.

My debt situation on date of January 28, 2011

9 364.02$ at a low interest rate of 4.75% (RRSP credit line rates) = 444.79$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 196$ in annual interest

0$ credit line at 8.75% = 0$ in annual interest

7 966.23$ on a TD Canada Trust credit card at a low interest rate of 4.9% ending in April 2011 (result of a credit card balance transfer)
= 390.35$ in annual interest

7 842.99$ at low interest rate loan at 5.50% (student loan) = 431.36$ in annual interest

10 000$ at 7.27% (credit line rates) = 727$ in annual interest

24 428.12$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
1 038.20$ in annual interest

TOTAL: 64 501.36$

TOTAL in annual interest: 3 227.71$
[In date of January 28, 2011]

My stock investment portfolio on date of January 28, 2011

Savings:
1 276.27$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 8 874$
Timminco (TIM): 110$
Blue Note Mining (BNT): 42$
Bank of Nova Scotia (BNS): 11 596.14$
Hanwei Energy Services (HE): 123$
Methanex Corporation (MX): 2 851.04$
Fortis (FTS): 3 632.65$
Pembina Pipeline Corporation (PPL):
9 569.30$
Just Energy Group Inc. (JE): 11 834.88$
Yellow Media Inc. (YLO): 2 908.80$
Bell Aliant Inc. (BA): 5 448.52$
Pengrowth Energy Corporation (PGF): 2 681.42$
Enbridge Income Fund Holdings Inc. (ENF): 5 713.80$
Corby Distilleries Limited (CDL.A): 3 504.70$
Davis + Henderson Corporation (DH):
4 201.60$
Premium Brands Holdings Corporation (PBH):
3 080.48$
EnCana Corporation (ECA): 6 417.93$
Sprott Physical Silver Trust UTS (PHS.U): 2 444$
iShares S&P/TSX Capped REIT Index (XRE): 2 148.30$
Horizons Gold Yield Fund (HGY.UN): 1 940$
Canfor Pulp Products Inc. (CFX): 1 495$
Financial 15 Split Corp. (FTN): 1 006$
New Flyer Industries Inc. (NFI.UN): 2 360$
Superior Plus Corp. (SPB): 2 370$
Cash: 260.59$

TOTAL: 96 614.15$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
3 023.82$
EnerCare Inc. (ECI): 3 154.36$
Dumont Nickel Inc. (DNI): 330.63$
Cash: 7.79$

TOTAL: 6 516.60$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 242.41$
Claymore Gold Bullion ETF (CGL): 4 059.38$
EnCana Corporation (ECA): 3 193$
Emera Incorporated (EMA): 6 600.24$
Cash: 87.06$

CIBC Dividend Growth Fund: 563.99$
CIBC Emerging Markets Index Fund: 408.55$
CIBC Monthly Income Fund: 1 088.51$

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

GIC National Bank: 1 251.85$
GIC Plus TD: 500$

TD Canadian Bond: 118.34$
TD Monthly Income: 112.60$
TD Emerging Markets: 87.38$
TD Energy: 99.61$
TD Precious Metals: 139.84$
TD Latin American Growth: 101.24$
TD Entertainment and Communications: 124.46$
TD Dividend Growth: 210.62$
TD U.S. Mid-Cap Growth: 116.98$

Maritime Life International Equity Fund
(Templeton): 677.28$
Manulife Simplicity Growth Portfolio: 932.52$
Maritime Life CI Harbour Seg Fund: 1 104.59$
Maritime Life Fidelity True North Seg Fund:
1 061.93$
Manulife GIF MLIA B World Invest: 659.81$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 554.82$
RBC U.S. Mid-Cap Equity Fund C$: 2 008.41$
RBC Global Resources Fund: 1 270.43$
RBC O’Shaughnessy International Equity Fund: 684.54$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 223.10$

GIC Canadian Market: 1 000$

TOTAL: 40 123.71$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(139.06$):
144 709.79$

Welcome to Financial 15 Split Corp. (FTN), 100 stocks of FTN in my online future trading brokerage

I don't like to hold too much financial stuff inside my portfolio. Bank stocks are expensive and pay a dividend yield of less than 5%. For small investors looking to maximize their investment in order to receive the highest dividend yield payment possible, bank stocks are not a good option. Yes, banks are great investments because they will gain in value over time, but their dividend yield is terribly low.

Financial 15 Split II Corporation (FTN) is a great option for small investor who want to get all the positive exposure possible to the financial sector AND received a great dividend yield payment. Taught it wasn't possible to get it all? Well, you were wrong! But now, at least, your getting to know a fantastic company, Financial 15 Split Corp. (FTN). Basically, Financial 15 Split Corp. (FTN) is a company that is extremely easy to understand: FTN had been found to provide investors the exposure to high quality financial stocks AND high dividend payment. Sound interesting?

Financial 15 Split Corp. (FTN) is a concentrate of the following companies: AGF Management Ltd., Canadian Imperial Bank of Commerce, CI Financial Corp., Bank of Montreal, Manulife Financial Corporation, Royal Bank of Canada, Goldman Sachs Group Inc., Wells Fargo & Co., Bank of America Corp., J.P. Morgan Chase & Co., TMX Group Inc., Citigroup Inc., Bank of Nova Scotia, Toronto-Dominion Bank and US Bancorp.

Financial 15 Split Corp. trades under 2 tickets: FTN and FTN.PR.A. I personally invest in FTN because the dividend payment is higher in FTN. FTN.PR.A is the preferred share of Financial 15 Split Corp. FTN pay a higher dividend than FTN.PR.A. Wonder about the dividend? If you decide, like me, to invest in Financial 15 Split Corp. (FTN), you'll earn an annual dividend of $1.5084. Financial 15 Split Corp. (FTN) dividend is being paid on a monthly basis. At this time, I don't know if Financial 15 Split II Corporation is eligible for DRIP. But I hope not. That way, for once, I will be able to enjoy the fresh cash.

I only invest in 100 stocks of Financial 15 Split Corp. (FTN) to begin with. Why? Because Financial 15 Split Corp. (FTN) is a concentrate of the financial sector. I already own many stocks of the financial sector: Sprott Inc. (SII), Bank of Nova Scotia (BNS), Davis + Henderson Corporation (DH), and, I will add it but I know its not exactly financial but its highly related, iShares S&P/TSX Capped REIT Index (XRE). Despite getting a higher exposure to the financial sector, I am happy with this new acquisition. Financial 15 Split Corp. (FTN) is being hold by the mountain lion hero himself.

Welcome to New Flyer Industries Inc. (NFI.UN), 200 stocks of NFI.UN in my online future trading brokerage

More about New Flyer Industries Inc. (NFI.UN) will be post soon!

Welcome to Superior Plus Corp. (SPB), 200 stocks of SPB in my online future trading brokerage

More to come about Superior Plus Corp. (SPB) will be post soon!