Exchange Income Corporation (EIF) vs Power Financial Corporation (PWF)

Yeah! It's the weekend! This week had been a long an awful one. First, I spend I don't know how many hours trying to replacing someone how was out in vacation. There's was way too much work. But just to make things worst, while replacing, I was paid at my regular wage... Yeah, I know, what a life! Anyhow, everything is back to normal, my nightmare is over.

I guess I wasn't myself this week because I had purchase 500 stocks of Sprott Inc. (SII) thinking I was going to be able to make it just in time for the Sprott Inc. (SII) special dividend of 60 cents... but no, it didn't happen that way... Of course not lol... My problem is that I wasn't aware of the 3 business day rule when purchasing stock.

From what I understand, from the time you purchase stock, it take 3 business days for the purchase to be finalize. I had notice before a certain pending state when purchasing new stock but I never pay too much attention to it. Because I didn't care. The only thing I had been caring about is purchasing stock to earn dividend and make the dividend DRIP to naturally earn new stocks, to naturally increase my dividend earning. Not more or not less.

My goal with my latest trade was to purchase 500 new stocks of Sprott Inc. (SII) in order to qualify for their 60 cents special dividend. I purchase the stocks on the 17 of January 2011. The Sprott press release advertise the date of January 19 as latest date for holding - but that being after the 3 business rule... So in result, my latest investment in Sprott Inc. (SII) did not qualify for the special dividend distribution of 60 cents... Oh no, what did I done!

Better to know about the 3 business rule sooner than later, if you see what I mean.

But you saw it for yourself with my latest portfolio update, things are going well for the Dividend Girl, despite my little trading mistake. I am now at 144 889.70$ in asset. I hold 64 218$ in debt, generating a bit more than 3 000$ in interest money. My overall dividend income is of 5 883.78$. I could had done better, there's plenty of place for improvement. But still, I am happy with what I have.

I had place a sell order at 9.60$ for the extra 500 stocks of Sprott Inc. (SII) that I currently hold because of my trading mistake. I have one of my blog reader that came with this investment that he had been holding for quite a while: Exchange Income Corporation (EIF). Thanks for sharing (D)! So here're we are:

Exchange Income Corporation (EIF) vs Power Financial Corporation (PWF)

Exchange Income Corporation (EIF) is like the Power Financial Corporation (PWF) of Derek Foster, but in better. In his latest book, The Idiot Millionaire, Derek Foster name Power Financial Corporation (PWF) as one possible investment holding. I was upset after reading such investment suggestion. See, you have to understand that Henri-Paul Rousseau, the ex CEO of the Caisse de dépôt et placement du Québec hold a Vice-Chairman at the Power Financial Corporation (PWF).

You may ask yourself what's the controversy is all about? Why Power Financial Corporation (PWF) is not a good investment despite what Derek Foster say? I will explain all that to you.

In 2008, the recession hit hard and in 2008, Henri-Paul Rousseau was the CEO of the Caisse de dépôt et placement du Québec. Never heard of the Caisse de dépôt et placement du Québec? To make the explanation short, according to Wikipedia, the Caisse de dépôt et placement du Québec manages public pension plans in the Canadian province of Quebec.

In 2008, following the stock crash market, Henri-Paul Rousseau made the Caisse loose $8 billion of dollars. You read it right! Not 1, 2, 3, 4, 5, 6, 7, BUT 8 BILLION! While he left the Caisse, Henri-Paul Rousseau didn't give up on his leaving bonus, which was of hundred of thousands of dollars.

Now, the same poor guy is now a Vice-Chairman at Power Financial Corporation (PWF). Does Power Financial Corporation (PWF) represent a good investment? HELL NO!

Just like Power Financial Corporation (PWF), Exchange Income Corporation (EIF), to repeat its own worlds: "invest in profitable, well-established companies with strong cash flows operating in niche markets in Canada and/or the United States and to distribute stable monthly cash dividends to its shareholders." Power Financial Corporation (PWF) dividend yield is of 4.696%. Exchange Income Corporation (EIF) offer you much more for your money. Exchange Income Corporation (EIF) dividend yield is of 7.947%.

Exchange Income Corporation (EIF) is a company base in Winnipeg. while investing in Exchange Income Corporation (EIF) , you can be sure of one thing: you won't ever suffer from Quebec bad leadership. Actually, with Exchange Income Corporation (EIF) you won't suffer from anything. You'll just enjoy a good dividend yield provided by a well manage company.

I don't hold anything related to Exchange Income Corporation (EIF) yet, but I find this company very great because its share my view on investment: invest for the long term, with no selling prospect. And even best: Exchange Income Corporation (EIF) has no interest in Manulife.

I have projects for me and Exchange Income Corporation (EIF). I am going to sell the extra 500 stocks of Sprott Inc. (SII) that I bought because of my trading mistake and instead, I am going to invest the money in some stocks of Exchange Income Corporation (EIF).

Another great idea of mine :0)

My debt situation on date of January 18, 2011

9 431.36$ at a low interest rate of 4.75% (RRSP credit line rates) = 447.99$ in annual interest

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

4 016.23$ credit line at 8.75% = 351.42$ in annual interest

7 935.32$ 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)
= 388.83$ in annual interest

7 830.05$ at low interest rate loan at 5.50% (student loan) = 430.65$ in annual interest

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

20 105.04$ at a low interest rates of 4.25% (margin money coming from TD Water house): =
854.46$ in annual interest

TOTAL: 64 218$ in DEBT

TOTAL in annual interest: 3 396.35$
[In date of January 18, 2011]

My stock investment portfolio on date of January 18, 2011

Savings:
2 056.57$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 9 180$
Timminco (TIM): 108$
Blue Note Mining (BNT): 48$
Bank of Nova Scotia (BNS): 17 449.88$
Hanwei Energy Services (HE): 120$
Methanex Corporation (MX): 3 182.70$
Fortis (FTS): 3 664.75$
Pembina Pipeline Corporation (PPL):
9 538.03$
Just Energy Group Inc. (JE): 11 566.08$
Yellow Media Inc. (YLO): 2 949.75$
Bell Aliant Inc. (BA): 5 336.84$
Pengrowth Energy Corporation (PGF): 2 854.20$
Enbridge Income Fund Holdings Inc. (ENF): 5 571.20$
Corby Distilleries Limited (CDL.A): 3 423.90$
Davis + Henderson Corporation (DH):
4 237.96$
Premium Brands Holdings Corporation (PBH):
2 849.88$
EnCana Corporation (ECA): 6 407.88$
Sprott Physical Silver Trust UTS (PHS.U): 2 616$
iShares S&P/TSX Capped REIT Index (XRE): 2 142.14$
Horizons Gold Yield Fund (HGY.UN): 1 990$
Cash: 241.42$

TOTAL: 95 478.61$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
3 015.10$
EnerCare Inc. (ECI): 3 269.92$
Dumont Nickel Inc. (DNI): 345$
Cash: 7.79$

TOTAL: 6 637.81$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 404.64$
Claymore Gold Bullion ETF (CGL): 4 157.40$
EnCana Corporation (ECA): 3 188$
Emera Incorporated (EMA): 6 686.76$
Cash: 87.06$

CIBC Dividend Growth Fund: 562.87$
CIBC Emerging Markets Index Fund: 428.54$
CIBC Monthly Income Fund: 1 049.93$

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: 500$

TD Canadian Bond: 114.90$
TD Monthly Income: 109.93$
TD Emerging Markets: 90.39$
TD Energy: 98.06$
TD Precious Metals: 142.67$
TD Latin American Growth: 106.61$
TD Entertainment and Communications: 125.47$
TD Dividend Growth: 210.16$
TD U.S. Mid-Cap Growth: 119.10$

Maritime Life International Equity Fund
(Templeton): 678.69$
Manulife Simplicity Growth Portfolio: 938.74$
Maritime Life CI Harbour Seg Fund: 1 110.42$
Maritime Life Fidelity True North Seg Fund:
1 075.46$
Manulife GIF MLIA B World Invest: 657.26$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 555.18$
RBC U.S. Mid-Cap Equity Fund C$: 2 079.06$
RBC Global Resources Fund: 1 306.19$
RBC O’Shaughnessy International Equity Fund: 668.55$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 223.30$

GIC Canadian Market: 1 000$

TOTAL: 40 567.43$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(109.28$):
144 889.70$

Be ready for Sprott Inc. (SII) special dividend of 60 cents

This is just so hilarious in a certain way, my little trading mistake. It's really me. But it's a mistake I did without knowing. Investing in stock is not as easy as it's seem. It's full of things you need to know. This is what went wrong (but you can always refer yourself to my previous post and don't forget to read the comments)...

Back in January 10, 2011, Sprott Inc. (SII) announced a special dividend of 60 cents that will be paid to shareholders at the close of business of January 19, 2011.

A dividend of 60 cents is quite something. This is actually HUGE! I already own 520 stocks of Sprott Inc. (SII). It took me a little while to make my move, and maybe too long. Anyhow, on January 17, I decide to invest in 500 other stocks of Sprott Inc. (SII), for a total of 1 020 stocks of Sprott Inc. (SII).

I did my purchase in a rush, but in my mind, I didn't have any doubt about what I was going to do or what was going to happen lol. I wanted to earn an extra 300$ from Sprott Inc. (SII) from the special dividend. That's sit that's all! But it didn't go as expected. With my limited knowledge, little did I know about the 3 business closing day rule! But I learn it from TD Waterhouse and also from Sprott Investor Relations to who I gave a quick call earlier today. 3 business rules? What's the 3 business closing day rule? I screw up badly, but I learn. It could sound strange, but I really didn't knwo about the 3 business rules.

And now, I am kind of "stuck" with an extra 500 stocks of Sprott Inc. (SII) that were never really wanted. Because all I ever wanted was the extra cash and the extra stocks...

There's a lot to know about the stock market. Derek Foster cover a lot in his books, but there's much more to know. But I'll keep you post among the way! While having an extra 500 stocks of Sprott Inc. (SII) in my portfolio, belive it or not, I am now exceeding 60 000$ in debt, and it's look like I am only missing around 5 000$ before hitting my first 150 000$. I know, nothing to be too much proud about, but I am who I am, the Dividend Girl right?

Another problem: my dividend DRIP in my non registered Canadian margin broker account

I just have another problem at this exact time and I just wonder what's going to happen! Remember, in December 2010, we change from a non registered Canadian cash account to a non registered Canadian margin account? Well, that bring all kind of changes in my broker account that I wasn't even prepare to.

So far for January 2011, I had received, yes, dividend payment in my non registered Canadian margin account, but none of those dividend payment had resulted in a DRIP, which mean that none of my dividend payment had transformed into a brand new stock. There could be 2 reasons for this: 1) a delay for the dividend to transform into one or more stocks, depending or 2) my new margin account of December 2010 has not been set-up for DRIP. I am very tempt to say that my margin is not set-up for DRIP... All those ambitious of mine had giving me A LOT OF TROUBLE. More debt, more dividend, and now, no DRIP. But a question being, can I enroll to a DRIP in my Canadian non registered margin account? That's something else and I do not have the answer to this.

But, if I take the example of the Dividend Lover, I should be able to keep the DRIP even while having margin in my account because from what I understand, Dividend Lover has a margin account and for a while, his dividend income was apply under a DRIP. If, of course, I understood everything correctly...

So I guess I have no choice other than calling TD Waterhouse tomorrow early morning. at this time, the delay for customer service at TD Waterhouse seem to be enormous. But it's not TD Waterhouse fault: it's January, TFSA contribution need to be made as well as RRSP contribution. Both combine together = a lot of calls for TD Waterhouse. But in my situation, if I want to make sure I am enroll on a DRIP, I have no other choice than to call TD. I will keep you post as always to let you know what's going on, just in case you care.

Also, I had set-up in my non registered Canadian margin account a sell order at 9.60$ for 500 stocks of Sprott Inc. (SII). Another brilliant idea of mine to make some $$$.

Welcome again Sprott Inc., 500 new stocks of SII in my online future trading brokerage

I just buy 500 stocks of Sprott Inc. at 9.34$ per stock. You should be doing the same - remember the special dividend...

My TFSA contribution for 2011? 0$

A TFSA is definitively a fun and useful investment program, if I can name it that way, but a TFSA can also be a trap. Well, it is for me, for my specific debt-and-investment situation.

A TFSA allow investors to earn dividend and capital gain free of tax. You can contribute up to 5 000$ per year in a TFSA. The amount of money you withdraw can be invested in totally, but only the year after following the withdraw. For 2011, I can invest 12 000$ into my TFSA.

We are now in January 2011, but I won't transfer 12 000$ into my TFSA. Why?

It's because of my margin situation in my non registered account. If I transfer 12 000$ from my non registered account to my TFSA, it will have a negative effect on my margin. 12 000$ is not that much but it's still a good amount. A transfer of 12 000$ into the TFSA will decrease of 12 000$ the value of my margin in my Canadian non registered account. And I don't want that happen because I want to see the value of my margin increase.

Why I don't like the TFSA

You may say that my debt is the trap and not the TFSA. But in my case, my investment, if not my whole life (lol) rely on my debt. Why?

Well, while investing, the money you take to invest have to come from somewhere. In my case, more than 50 000$ had been borrowed for investment purposes. The money is coming from credit card balance transfer, RSP loan, credit line and margin. I guess I might have one of those good credit because so far, while dealing mostly with TD Canada Trust, I had been able to get EVERYTHING I ever wanted. It's a I have a good credit situation or that at TD Canada Trust, they LOVE the Dividend Girl. What do you think? It's one or the other lol..

Personally, that TFSA drive me sick because at TD Waterhouse, they have a one withdraw per year rule. Which mean that at TD Waterhouse, you can withdraw from your TFSA or transfer from TFSA to non registered account (but that still count as a withdraw). If you exceed the one withdraw per year, TD Waterhouse will charge you something like 30$ for each additional withdraw. Very very bad from TD Waterhouse...

Try to manage a Stop Working strategy of a guy name Derek Foster with one withdraw per year from your TFSA! That's impossible! Dividend is my cash, I want to have access to it at anytime. Even if, at this time, all of my dividend incomes are enrolled to a DRIP. A DRIP yes, but there's always some left-over (cash left behind after the dividend had generate into stocks). That's my cash, and I want to be able to withdraw it anytime, anywhere. But that's impossible with a TFSA.

Basically, you have to decide: not to pay tax on your dividend or the liberty to do just whatever you want.

TFSA reduce what I need most: liberty. The freedom of doing what I want with my money. That TFSA is not perfect. The Tories are behind it and it show. Trust me that it show! Ahhhhhh!

If you have a situation like mine where you are trying to build health while using not more than 30% of the money available on the margin, maybe you'll like to forget the TFSA for one or 2 year, until, like me, you reach the 150 000$ in assets. After what, we'll come back to it, to the (un)famous TFSA of the Tories government! I promise.

I prefer to maximize my RRSP contribution. That way, I reduce the taxes I have to pay on the income. For me, RRSP better than TFSA.

Anyhow, this plan could change. But as always, I will let you know what I will be doing with the (un)famous TFSA. But everything I do is being control by my Debt situation.

Thank you readers, another 100$ online payout!

With the help of my generous readers, I today reach the 100$ payout for my online earnings! Actually, I even exceed it today! Yeah! Thank you readers. Being able to reach another 100$ this month is like WOW! If could make a 100$ every month, I could make 1 200$ in a year from blogging. That would be interesting as extra pocket money. Earning money online for someone like John Chow seem to be quite easy (John Chow is a Canadian (yeah!) living in BC with his wife and daughter Sally Chow, already on the Web... Mr. Chow makes thousands of dollars per month online!), but for the beginner or the regular pal with no computer, things are much more hardcore. If you are interested in making money online, I strongly suggest you John Chow blog. He offers a free ebook, very interesting. I also very like another blog, Web Career Girl. Web Career Girl is in the UK. The reading of her blog will help you understand how difficult it is to make money online, even for a very good writer as herself. Making money yes, but be ready to work. And sometime, you'll work for nothing at all. I made more money on this blog than on all of my HubPages (and I have 96 articles on HubPages!).

As for myself, I try to make money online, but I cannot say that I gave my 100% on it. But that's because of different factor: because I am French and English is more difficult for me and also, well, because a good portion of my time goes on the study of the stock market and the follow up on my investment. That request quite sometime. Also, not to forget that I work. Anyhow, making money online is more than a hobby for me than anything else. Making money online in your spare time? Why not?

I am now a bit more active on Facebook. You can follow me on Facebook right here.

I am now at 139 860.70$

I am getting closer and closer to my first 150 000$ asset goal! Of course, this 139 860.70$ asset value is not my net worth. After debt deduction, my net worth is currently of somewhere of 81 482$! I hold 58 300.18$ in debt. Those debt of mine generate 2 965.36$ in annual interest.

My first divident distribution of 2011

So far for this weekend, I had received the following dividend payment:
Enbridge Income Fund Holdings Inc. (ENF): 30.62$
Pengrowth Energy Corporation (PGF): 14.91$
Premium Brands Holdings Corporation (PBH): 59.97$
Yellow Media Inc. (YLO): 31.30$

Projected dividend income for 2011

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 62.40$ + 312$ in special dividend = 374.40$
Bank of Nova Scotia (BNS): 601.72$
Methanex Corporation (MX): 63.86$
Fortis (FTS): 119.84$
Pembina Pipeline Corporation (PPL):
672.36$
Just Energy Group Inc. (JE): 949.25$ + 153.60$ in special dividend (Just Energy Group Inc. (JE) didn't announce its special dividend yet, but it should come soon) = 1 102.85$
Yellow Media Inc. (YLO): 381.90$
Bell Aliant Inc. (BA): 383.80$
Pengrowth Energy Corporation (PGF): 178.92$
Enbridge Income Fund Holdings Inc. (ENF): 368.64$
Corby Distilleries Limited (CDL.A): 113.12$
Davis + Henderson Corporation (DH): 370.87$
Premium Brands Holdings Corporation (PBH):
239.90$
EnCana Corporation (ECA): 160.80$
iShares S&P/TSX Capped REIT Index (XRE): 125.66$

TOTAL: 5 258.64$

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

TOTAL: 277.34$

RSP investment portfolio (retirement):
EnCana Corporation (ECA): 80$
Emera Incorporated (EMA): 267.80$

TOTAL: 347.80$

OVERALL: 5 883.78$

Excluding the RSP dividend, I should be earning 5 535.98$ in 2011 dividend income. Not bad. This represent an income of 461.33$ per month. This dividend income help to cover for the 2 965.36$ in interest money. Eventually, I will be working at paying off those debt, but it won't be anytime soon. Will the first 150 000$ be in 2011?

My stock investment portfolio on date of January 14, 2011

Savings:
2 056.57$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 992$
Timminco (TIM): 106$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 17 446.81$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 3 015.84$
Fortis (FTS): 3 665.82$
Pembina Pipeline Corporation (PPL):
9 559.58$
Just Energy Group Inc. (JE): 11 520$
Yellow Media Inc. (YLO): 2 930.75$
Bell Aliant Inc. (BA): 5 353$
Pengrowth Energy Corporation (PGF): 2 839.29$
Enbridge Income Fund Holdings Inc. (ENF): 5 564.80$
Corby Distilleries Limited (CDL.A): 3 405.72$
Davis + Henderson Corporation (DH):
4 258.16$
Premium Brands Holdings Corporation (PBH):
2 827.44$
EnCana Corporation (ECA): 6 273.21$
Sprott Physical Silver Trust UTS (PHS.U): 2 532$
iShares S&P/TSX Capped REIT Index (XRE): 2 139.06$
Horizons Gold Yield Fund (HGY.UN): 1 984$
Cash: 136.84$

TOTAL: 90 722.32$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
3 007.45$
EnerCare Inc. (ECI): 3 167.20$
Dumont Nickel Inc. (DNI): 359.38$
Cash: 7.79$

TOTAL: 6 541.82$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 400.18$
Claymore Gold Bullion ETF (CGL): 4 130.36$
EnCana Corporation (ECA): 3 121$
Emera Incorporated (EMA): 6 723.84$
Cash: 87.06$

CIBC Dividend Growth Fund: 560.79$
CIBC Emerging Markets Index Fund: 428.25$
CIBC Monthly Income Fund: 1 046.11$

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: 500$

TD Canadian Bond: 114.90$
TD Monthly Income: 109.73$
TD Emerging Markets: 90.22$
TD Energy: 97.47$
TD Precious Metals: 141$
TD Latin American Growth: 105.48$
TD Entertainment and Communications: 124.15$
TD Dividend Growth: 209.73$
TD U.S. Mid-Cap Growth: 118.17$

Maritime Life International Equity Fund
(Templeton): 669.89$
Manulife Simplicity Growth Portfolio: 934.09$
Maritime Life CI Harbour Seg Fund: 1 106.30$
Maritime Life Fidelity True North Seg Fund:
1 068.24$
Manulife GIF MLIA B World Invest: 652.16$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 552.88$
RBC U.S. Mid-Cap Equity Fund C$: 2 054.23$
RBC Global Resources Fund: 1 284.69$
RBC O’Shaughnessy International Equity Fund: 662.04$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 218.58$

GIC Canadian Market: 1 000$

TOTAL: 40 403.63$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(96.36$):
139 860.70$

Oprah and Suze Orman outrageous interview with Nadya Suleman

Did you see it? I didn't see it all. I am taking here about the the TV appearance of Nadya Suleman on Oprah on today, January 14, 2011.

Seem like Oprah and her friend Suze Orman decided to go down on Nadya Suleman today on Oprah TV show and I don't like that. I don't like that at all. I never been on Oprah fan. I never watch one full Oprah tV show of my life as I feel Oprah as being superficial. The best thing that she ever done in her life was to publicly support Obama. now that it had been done. Oprah is just Oprah, trying to be the TV Queen show that everyone expect her to be. But among the way, Oprah lost herself. We all had a taste of that today.

Today, Oprah shown that she had become an Amir Khadir type of person - willing to look good and nice from the outside, but very very bad from the inside. I wonder if Oprah and Suze Orman ever taught about the mental health of Nadya Suleman. During the interview, Oprah laugh at Nadya Suleman. Suze Orman was terribly rude. Like what the heck? What that lesbian say to Nadya Suleman is wrong.

Now that her 8 babies are born, everyday, Nadya Suleman has to live with the consequences of her choice. That's enough. She doesn't to get more humiliation that she already got , like for example being offer to do a p*orn movie with Vivid Entertainment. By laughing at Nadya Suleman, Oprah had show her true colors.

Nadya Suleman doctor's is responsible for all this. It's not like she did it alone. A doctor had to do this to her. I understand Nadya, for the reason why 8 embryos had been implanted in her. she had 2 miscarriage before. The third was going to be the last one and it wasn't plan to work. Her doctor has as much responsibilities in all this as herself. And I think that Suze Orman and Oprah had forgot about that part.

I find both Suze Orman and Oprah very stupid. We should pray for Nadya Suleman instead of publicly making fun of her like Oprah did in her show that been broadcast today. Oprah had lost it all. And Suze Orman, to point her fingers at Nadya... That Suze Orman so horrible, lesbian or not, she's horrible with her super white teeth. Yak.

I am now at 138 729.94$

Despite working at only one job at this time and having plenty of free time on hands, I have problem to do everything on my "To do" list. Like for example, yesterday, I really wanted to update the value of my portfolio because the TSX had won some good value yesterday... But I couldn't as I was too tired...

But I catch up today! I update my portfolio! I am now at 138 729.94$. I am quite heavily in debt, but even there, my net worth is of a bit more than 80 000$, which I consider good. My investment portfolio had marked some great points lately. I calculate my dividend income for 2011, and with what I have right now as holding, I will be earning the equivalent of 455.42$ in dividend income. For a year, this represent an amount of 5 465.04$. Even more than I could ever dream more. And since the income trusts I hold are all now fully converted into corporation, everything should just start getting better. No more tax problems.

At this point of the journey, my investment adventure is just getting even more interesting. The 5 465.04$ in projective dividend income for 2011 is quite something! The 6 000$ in dividend income is not really far away. It could come true in 2011.

My stock investment portfolio on date of January 13, 2011

Savings:
2 056.57$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 867.20$
Timminco (TIM): 104$
Blue Note Mining (BNT): 46$
Bank of Nova Scotia (BNS): 17 176.65$
Hanwei Energy Services (HE): 120$
Methanex Corporation (MX): 3 034.38$
Fortis (FTS): 3 652.98$
Pembina Pipeline Corporation (PPL):
9 469.07$
Just Energy Group Inc. (JE): 11 481.60$
Yellow Media Inc. (YLO): 2 935.50$
Bell Aliant Inc. (BA): 5 363.10$
Pengrowth Energy Corporation (PGF): 2 809.47$
Enbridge Income Fund Holdings Inc. (ENF): 5 619.20$
Corby Distilleries Limited (CDL.A): 3 403.70$
Davis + Henderson Income Fund (DHF.UN):
4 258.16$
Premium Brands Holdings Corporation (PBH):
2 845.80$
EnCana Corporation (ECA): 6 104.37$
Sprott Physical Silver Trust UTS (PHS.U): 2 562$
iShares S&P/TSX Capped REIT Index (XRE): 2 112.88$
Horizons Gold Yield Fund (HGY.UN): 1 990$
Cash: 0$

TOTAL: 89 956.06$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 988.75$
EnerCare Inc. (ECI): 3 137.24$
Dumont Nickel Inc. (DNI): 330.63$
Cash: 7.79$

TOTAL: 6 464.41$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 400.18$
Claymore Gold Bullion ETF (CGL): 4 170.92$
EnCana Corporation (ECA): 3 037$
Emera Incorporated (EMA): 6 717.66$
Cash: 87.06$

CIBC Dividend Growth Fund: 556.64$
CIBC Emerging Markets Index Fund: 427.97$
CIBC Monthly Income Fund: 1 041.53$

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

GIC National Bank: 1 147.42$
GIC Plus: 500$

TD Canadian Bond: 114.99$
TD Monthly Income: 109.13$
TD Emerging Markets: 90.34$
TD Energy: 97.04$
TD Precious Metals: 143.63$
TD Latin American Growth: 105.97$
TD Entertainment and Communications: 123.64$
TD Dividend Growth: 207.36$
TD U.S. Mid-Cap Growth: 117.48$

Maritime Life International Equity Fund
(Templeton): 666.19$
Manulife Simplicity Growth Portfolio: 930.87$
Maritime Life CI Harbour Seg Fund: 1 100.38$
Maritime Life Fidelity True North Seg Fund:
1 069.46$
Maritime Life Trimark Europlus Seg Fund: 644.05$

Great-West – various: 1 751.69$

RBC Canadian Dividend Fund: 547.68$
RBC U.S. Mid-Cap Equity Fund C$: 2 041.25$
RBC Global Resources Fund: 1 289.72$
RBC O’Shaughnessy International Equity Fund: 659.81$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 217.11$

GIC Canadian Market: 1 000$

TOTAL: 40 119.69$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(93.21$):

138 729.94$

Fantastic Sprott Inc. (SII) declared a special dividend for 2010

No special dividend had been declared for Just Energy (JE) yet and I have to say, I am waiting quite impatiently. But today, Sprott Inc. (SII) made an extraordinary announcement via a press release. Please read it, you'll be please you did:

"TORONTO, Jan. 10 /CNW/ - Sprott Inc. (TSX: SII) today declared an interim special eligible dividend of $0.60 per common share for the year ended December 31, 2010, payable on February 3, 2011 to shareholders of record at the close of business on January 19, 2011."

Do you really need an explanation on what a special dividend of 60 cents per common share of Sprott Inc. (SII) represent? Sprott Inc. (SII) plan to pay 60 cents per stock hold until January 19, 2011.

My first ever stock investment I made was way back in 2008, shortly before the stock market crash. At the time, I had invested in 500 stocks of Sprott Inc. (SII). Never did I doubt about my investment in Sprott Inc. (SII). I had faith in Eric Sprott like no one else. When, back in the days, Eric Sprott publicly announced his very high interest in Timminco (TIM), I did what i taught was the right thing to do, I invest in 100 stocks of Timminco (TIM) at around 20$ per stock. Later on, trouble begins for Timminco (TIM). But I had so much faith in Eric Sprott that when Timminco (TIM) stock value drop, I invest again in 100 other stocks of Timminco (TIM). That's how much I trusted Eric Sprott. In whatever Eric Sprott invest in, I invest in too. That's how I lost something close to 4 000$ in Timminco (TIM).

I lost 4 000$ not because of Eric Sprott, but because of my trust in the man. I knew, back in 2008, that the stock market was experiencing something that never been experiencing before. There's been recession before 2008 of course, but what happen in 2008 was more than just a recession, it was like the end of capitalist known as we knew it back than. But my dreams of making it big never lost me. The world was lost, but not me.

In 2008, following the market crash, my investment in Sprott Inc. (SII) decrease in value. Back in the times, I had purchased 500 stocks at 10$ each, for a 5 000$ value. Quite some money. Remember, Sprott Inc. (SII) was my first stock investment. Everything was unknown, unsure, but I knew I was going to make it. I saw Sprott Inc. (SII) going below 4$ in 2008, 2009 and 2010. I had been a stockholder of Sprott Inc. (SII) just because of the man, that Eric Sprott that I love and hate during that long deep dark period of 2008 and today, 2011. But I have to say, now, I am more sympathetic to Eric Sprott but I have to say, when I have smart gurus, I like to appreciate them, and hate them, following the ups and downs of the market. That's the yin and the yang for me. It's the whole secret chemistry behind me. It's a mix of everything, control by nothing or if you prefer by God.

My trust in Eric Sprott didn't just go to Sprott Inc. (SII) and it's ex-sweetheart Timminco (TIM). Following my investment in Sprott Inc. (SII), I decided to invest in the Sprott Canadian Equity Fund. Back in the time, the minimum required to invest in the majestic Sprott Canadian Equity Fund was of 5 000$. Following the 2008 stock crash, the Sprott Canadian Equity Fund units hit the 27$ and 25$. Remember the stock crash? There's been like 2 crash periods. During the first period, Bank of Nova Scotia (BNS) stock suddenly went down to 44$ each (that's when I made my first investment in Scotia Bank). But little that I know, the second period of the stock crash was rashing the BNS stock price at less than 30$ per unit.

For Sprott Canadian Equity Fund, the stock crash 2008 part one drop the unit price at 27$ and than, the second part, at somewhere like 25$. I had invested my first 5 000$ in the Sprott Canadian Equity Fund when the units where at its highest - somewhere to 50$ per unit! After, when the stock market crash, I decided to invest another 2 000$ in the Sprott Canadian Equity Fund when the units price were at 27$. My second turn in the Sprott Canadian Equity Fund was made in the first part of the stock market crash of 2008. As for the second part, I never saw it coming. I never felt it, or had an intuition of it. Absolutely nothing. Nothing at all.

Investing again a 2 000$ in the Sprott Canadian Equity Fund was one of my best move ever. In date of today, I made a profit of more than 700$ on my initial 7 000$ investment. That's a lot of money. Only something very powerful as investment like the Sprott Canadian Equity could make that achievable.

Sprott Inc. (SII), Timminco (TIM), Sprott Canadian Equity Fund and... the Sprott Physical Silver Trust UTS (PHS.U)

Just a month or 2 ago, I decided to invest in 200 units of the Sprott Physical Silver Trust UTS (PHS.U) at less than 11$ per units. It's been one of my investment hit of 2010. Since my investment, Sprott Silver had exceed the 14$ per unit. I am still holding Sprott Physical Silver Trust UTS (PHS.U) in date of today. And my wish is to never sell it, keeping it as a mystic relic of Eric Sprott.

Why? Well Eric Sprott despite by yin and yang, will retire probably in 2011. To do what? I don't have a clue. I would had imagines a big shot like Eric Sprott to never leave the market, like WB in the States but hey, sometimes, a girl can be wrong.

So now, I guess you want to find out what mean the 60 cents special dividend of Sprott Inc. (SII) for me? It's mean 312$ in fresh cash and around 30 brand new stocks of Sprott Inc. (SII) in my stock portfolio. this mean that my investment in the Sprott Inc. will reach the old 5 000$ value very very soon. Among the way, I wouldn't lost a penny with Sprott Inc. (SII), but learn A LOT and catch my breathe from 2008 to 2011. But don't relax anything soon, recession is not over. It could last... for another 10 years!

I would just like to see the same thing about Timminco (TIM). On date of today, I still hold my stocks of Timminco (TIM). And no, I won't sell Timminco (TIM0 just to declare a capital lost on them. No money lost for me, just the possibility of a million dollar.

I did all of that money on the stock market because I am proud of being a Canadian and I am following great Canadian leaders, such like Eric Sprott and Derek Foster. Remember: investing is about faith in what you believe in. My $$$ come from my faith in Eric Sprott, Derek Foster and in Canada (as I invest in Canadian stocks mostly). Now everyone know my secret. My secret is faith.

And also to connect to your portfolio. I can stay for hours in front of my broker account, checking out the ups and downs, calculating the value of my portfolio. You need to keep the beat and follow your investments closely, even if their coming from an investor superstar (remember my story about Timminco (TIM)!). Study, calculate, analyze, look and look again. You'll develop an eyes and make money!

Yeah!

Portrait of Amir Khadir: extremist, Quebec independantist and leader of Quebec Solidaire

Amir Khadir is to Canada what Jean-Marie Le Pen is to France: a dangerous extremist.

Who is Amir Khadir?

Amir Khadir is born on born June 12, 1961 in Tehran, Iran. Amir Khadir immigrate in Canada at the age of 10 with his Iranian family. Amir Khadir parents that escaped from Iran after his father was accused of being an agent of the Mossad. The Mossad is the Institute for Intelligence and Special Operations, the national intelligence agency of Israel.

Amir Khadir father is Jafar Khadir. Amir Khadir studied medicine at Laval University, physics at McGill University and completed postdoctoral studies at the University of Montreal. Amir Khadir is a medical specialist in infectious microbiology.

Amir Khadir first steps in the political world was in 1980. In 1980, Amir Khadir worked for the Yes Side for the sovereignty referendum. In 1997, Amir Khadir became a member of the Rassemblement pour une alternative politique (RAP). In 2000, Amir Khadir represented the Bloc Québécois for Outremont. Founded in 1991 by Lucien Bouchard, the Bloc Québécois is a federal political party devoted to promote the sovereignty of Quebec province. Amir Khadir wasn't elected, he finished second against the Liberal. In 2002, Amir Khadir found the Union des Forces Progressistes.

In 2006, with Françoise David, Khadir founded the sovereigntist political party Québec solidaire (QS). The party name is often being translated as "Solidarity Quebec" or "Quebec Solidarity" in English. In 2008, Amir Khadir became the first elected member of the party in the elections in Mercier. Mercier is a Quebec provincial electoral district.

Who is Jafar Khadir?

Jafar Khadir is an activate communist. Jafar Khadir is a member of the executive council of the Quebec Communist Party.

If you thing there's nothing to worry about Jafar Khadir, now a senior citizen, you are wrong. In 2002, Jafar Khadir was stopped at the US border while trying to reach the States. At the US border, Jafar Khadir was helf for 8 hours. Jafar Khadir has been refused the entry to the US territory. Jafar Khadir was warned by the US authorities not to come back to the US ever again. Jafar Khadir host the annual summer training of the Quebec Communist Party at his chalet located on the slopes of Mont Pinnacle near Frelighsburg in the Eastern Townships. Despite the information being display in his MNA profile for Mercier, Amir Khadir is a member of the Quebec Communist Party. You may like to know that members of the Quebec Communist Party are all supporters of Quebec Solidaire, the party of Amir Khadir.

A few years ago, Jafar Khadir housed an Islamo-Marxist organization name People’s Mojahedin Organization of Iran in one of the building he own on St-Laurent boulevard, known as the "Main", in Montreal. The People’s Mojahedin Organization of Iran is a classified terrorist group in Canada. Taught that terrorist groups only exist in the US and other places worldwide? No, terrorist groups also exist in Canada. But as individual, we can stand against the criminals of the kind of Jafar Khadir and Amir Khadir.

Amir Khadir, man of poor judgment

As a doctor, instead of fighting for quality health care and deeper social problems, Amir Khadir prefer to show it all and do his own circus.

In December 2008, Amir Khadir thowed his shoes at a picture of the president George W Bush standing outside the U.S. Consulate in Montreal. The event was Amir Khadir replicata Muntadhar al-Zaidi's actual attempted shoeing of the President Bush in Iraq. But that was not all. During the manifestation, Amir Khadir visited the Canadian Forces recruitment centre on Sainte Catherine Street and threw shoes at a photograph of Canadian Prime Minister Stephen Harper.

By his demonstration of violence, had showed that he doesn't truly belong to Canadian politic scene. Amir Khadir is an extremist and he should resign from his member of the Quebec National Assembly position.

Throwing shoes in the air won't resolve anything. Amir Khadir is part of Quebec circus who like to show it all, but do little for his citizens. Politic should be done in serious manners. But it's simply not Amir Khadir way of doing politic. Amir Khadir is a clown, not a serious politician.

Also in 2008, Québec solidaire member of the Quebec National Assembly Amir Khadir attends in Montreal a protest organized by Solidarity for Palestinian Human Rights.

In January 2009, it's been reported that Amir Khadir took part in a pro-Hamas rally in downtown Montreal with protesters who waved Hamas and Hezbollah flags and chanted "Death to the Jews." Amir Khadir like to show up at anti-Israel events.

In December 2010, Amir Khadir continued his anti-Israel demonstrations. Amir Khadir showed up to a rally organize by the Palestinian and Jewish Unity (PAJU). On the day of the event, protesters were standing outside the Boutique Le Marcheur, a shoe store in Montreal. Le Marcheur sells shoes made in Israel, the Israeli brand name Beautifeel shoes. The Palestinian and Jewish Unity (PAJU) had urged a boycott of Le Marcheur, a shoes store own by Yves Archambault. The participation of Amir Khadir in the event had been names as being an act of economic terrorism.

Conclusion

Amir Khadir is a dangerous man. For becoming a Quebec sovereignist after Canada government accepted him and his family, Amir Khadir and his family should be expatriated from Canada. In Canada, we expatriated immigrates who don't have the legal papers to stay. The federal government should also expatriate immigrant who had become Quebec independist activists.

According to a Leger Marketing poll, Amir Khadir was the most popular politician in Quebec province in December 2010. Amir Khadir has the highest approval rate (45 per cent) of any politician in the province.

This show Quebeckers poor judgment and lack of ethic and integrity toward Canada. It's time for Quebec to separate from Canada once for good. A united Canada without Quebec province.

Welcome again iShares S&P/TSX Capped REIT Index, 100 new units of XRE

I had around 1 000$ available to invest. I decide to add up to my current 54 units of iShares S&P/TSX Capped REIT Index (XRE). I purchase 100 units of iShares S&P/TSX Capped REIT Index (XRE) at 13.58$. XRE is a high rank investment by MorningStar.

Very good things happening right now in my portfolio. We will elaborate more tonight! Still working for now, have to go to work ;o)

Does BMO Bank of Montreal (BMO) represent a good investment?

In Canada, despite the worldwide recession that been hitting quite hard since 2008, our banks had performed well. But while looking a bit more closely to the big scheme, can we say that BMO Bank of Montreal (BMO) represent a good investment?

BMO Bank of Montreal is the only Canadian bank that registered a negative EPS for the past 5 years.

EPS Growth (5 years):
Bank of Montreal (BMO): -4.59%
The Royal Bank of Canada (RBC): +0.32%
The Bank of Nova Scotia (BNS): +1.46%
Toronto Dominion Bank (TD): +1.13%
National Bank of Canada +3.30%
Canadian Western Bank (CWB): +16.73%
Laurentian Bank of Canada (LB): +19.29%
Canadian Imperial Bank of Commerce (CM): +169.51%

In November 2010, BMO Bank of Montreal (BMO) was the only Canadian bank to suspend its DRIP. Before November 2010, BMO Bank of Montreal (BMO) was offering a 2% discount on dividend reinvestment plan, commonly known as DRIP. But in November 2010, BMO Bank of Montreal (BMO) announced the suspension of the 2% discount. Investors are used to a discount of 2 to 3% under DRIP when it come to Canadian banks. When it come to Canadian banks, investors are also used to very good financial results. But none of this exist at BMO Bank of Montreal (BMO).

To the question "Does BMO Bank of Montreal (BMO) represent a good investment?", we can certainly answer by no. BMO Bank of Montreal does not represent a good investment. They might be the worst bank, with the worst financial result for the past 5 years.

But that's not all. BMO Bank of Montreal (BMO) own a wealth management division, BMO Nesbitt Burns. BMO Nesbitt Burns is like BMO Bank of Montreal (BMO): BMO Nesbitt Burns is poorly manage.

One example among other: in February 2010, a lawsuit has been filed against BMO Bank of Montreal (BMO) regarding BMO Nesbitt Burns. Employees of BMO Nesbitt Burns had declared owed unpaid overtime. Those employees were working for BMO Nesbitt Burns.

BMO Nesbitt Burns didn't paid overtime for the period of 2002-2010. Also, according to the claim, it's been reported that employees of BMO Nesbitt Burns expected to work up to 80 hours per week! In this case, the BMO Nesbitt Burns employees are being represented by the law offices of Juroviesky LLP. The case is still ongoing. Are you really going to invest in a bank that is facing a class-action lawsuits related to employee overtime compensation?

Does it make any sense to you?

No, of course, not.

This is pretty hilarious, especially knowing that BMO Bank of Montreal gaga sentence is: "Making money make sense". Yeah, make money, but treat your employees correctly, at least, BMO Bank of Montreal (BMO)....

And it's seemed like for the past 5 years, BMO Bank of Montreal (BMO) hasn't make that much money (remember the EPS Growth for 5 years of -4.59% for BMO Bank of Montreal (BMO).

But that's not all. By treating their employees incorrectly, BMO Bank of Montreal (BMO) had created itself a bad karma...

In May 2010, it's been reported that BMO Bank of Montreal (BMO) had been involved in the biggest mortgage fraud in Canadian history. A Montreal man (who else other than a Quebecker could had been linked to such outrage?) of the name of Robert Manuel Moniz had been arrested by the RCMP had been named responsible for the mortgage fraud exceeding $5 million.

BMO Bank of Montreal (BMO) has a bad reputation as a bank. When investing, just avoid completely BMO Bank of Montreal (BMO).

Hit and run: my investment selling of 2010 in review

Back in 2009, Shirley Won had reported the extraordinary result of the Creststreet Alternative Energy Fund. Despite the recession that was hitting worldwide, the Creststreet Alternative Energy Fund, under Steve Martin management, had reported gains of 94%.

Following my search and after reading about the Creststreet Alternative Energy Fund and his young manager (in 2009, Steve Martin was only 28 years old!), I decided to invest in the Creststreet Alternative Energy Fund. I initially invested 1 000$ in the Creststreet Alternative Energy Fund. I was in heaven. In my mind, the Creststreet Alternative Energy Fund was going to be the investment that was going to double the value of my initial investment. I never had any doubt on Steve Martin skills, even while knowing so little about the majestic.

Steve Martin had joined the Creststreet Asset Management Ltd. in 2005. But on February 2010, Shirley Won announced Steve Martin departure of Creststreet Asset Management Ltd. In result, Steve Martin was leaving behind the management of Creststreet Alternative Energy Fund. Oh noooooo!

I took time to study my options. After what, I decided to sell the units I was holding of the Creststreet Alternative Energy Fund. I sell my 29.229 units for 1 110.69$, making a cutty profit of somewhere of 100$. Selling my units of the Creststreet Alternative Energy Fund was a good decision to take. Following Steve Martin departure, the value of the Creststreet Alternative Energy Fund take a plunge. The Creststreet Alternative Energy Fund later catch up, but without Steve Martin, my interest wasn't there anymore.

2010 selling(s) in a flashback...

Basically, the Creststreet Alternative Energy Fund was the only investment that I sell in 2010.

Will Horizons Gold Yield Fund (HGY.UN) ever be paying any dividend?

When I first decided to invest in Horizons Gold Yield Fund (HGY.UN), I did it for 2 reasons: because it's a gold investment and also because Horizons had announced, at the time of the public offering, that Horizons Gold Yield Fund (HGY.UN) was going to pay dividend.

I don't know if any Quebeckers of the like of Brian Mulroney are under the management of Horizons Gold Yield Fund (HGY.UN), but it's seemed like Horizons Gold Yield Fund (HGY.UN) had broked their dividend payment promised.

I had invested in Horizons Gold Yield Fund (HGY.UN) using funds available in my margin account. For that specific reason, it's extremely important for me to be able to earn dividend from this investment. The dividend income earn need to exceed the interest own on the money borrowed through margin. My margin interest rate is currently of 4.25%.

Back in November 2010, AlphaPro Management Inc. announced the public offering of Horizons Gold Yield Fund (HGY.UN). This is part of the information provided by AlphaPro Management Inc. in their November 2010 press release:

"TORONTO, Nov. 1 /CNW/ - Horizons Gold Yield Fund (the "Fund") is pleased to announce the filing of a preliminary prospectus in respect to the initial public offering of its Class A and Class F Units (the "Units") at $10.00 per Unit.The Fund's investment objectives are to provide holders of Units with: (i) exposure to the price of gold bullion hedged to the Canadian dollar, less the Fund's fees and expenses; and (ii) tax-efficient monthly distributions, initially expected to be $0.0542 per Unit ($0.65 per annum to yield 6.5% on the issue price of $10.00 per Unit). It is initially expected that monthly distributions received by investors will consist primarily of return of capital.

The Fund was created to offer investors a low cost exposure to the price of gold bullion, while providing monthly tax-efficient distributions. The Fund will seek to achieve its investment objectives by gaining exposure to a portfolio consisting of securities and other instruments that provide exposure to the price of gold bullion (the "Gold Portfolio"). The Gold Portfolio will be managed by JovInvestment Management Inc. (the "Portfolio Manager"). The Portfolio Manager intends to write at-the-money covered call options on approximately, and not more than, 33% of the securities in the Gold Portfolio. The Portfolio Manager will not manage the call option writing strategy to achieve a specific target return, but will manage it to generate attractive option premiums that temper the volatility associated with owning the Gold Portfolio.

The Fund is expected to automatically convert into an ETF by no later than July 30, 2012."

Back in November 2010, Horizons Gold Yield Fund (HGY.UN) had promised a monthly dividend distribution of $0.0542 per unit. This distribution represents a yield of 6.5%, which I find pretty good.

Since Horizons Gold Yield Fund (HGY.UN) completed it's public offering in December 2010, nothing had been announced at dividend distribution. So what's going on? I did my search of course. I took a look here and here. But no trace of Horizons Gold Yield Fund (HGY.UN). So what does it mean?

Different answers are available:

-Some Quebeckers are being the management of Horizons Gold Yield Fund (HGY.UN);

-The dividend will be paid only when Horizons Gold Yield Fund (HGY.UN) will convert into an ETF in July 2012;

and/or
-Horizons Gold Yield Fund (HGY.UN) decided not to pay any dividend at all.

I don't know what to think about Horizons Gold Yield Fund (HGY.UN). I am just getting frustrated about Horizons Gold Yield Fund (HGY.UN) dividend payment situation.

Using Videotron as Internet service provider?

If its the case, well than, be aware, you should stop using Videotron as a service provider. Why? Well, Videotron is just a Quebecor company and you might know Quebeckers as well as I do, they don't give a damn about anything. Here's another proof of Quebec unwillingness to be good toward others.

The Montreal Gazette had reported the story of Amber Hunter. Amber Hunter is an university student of Concordia. She studied political science. Amber work at a bar to pay up her bills. But now, Amber Hunter has more than she can afford to pay. What happen?

Amber use Videotron as a service provider. Since she studied and work at the same time, Amber need the Internet at home. Amber used a Wireless connection for her Internet. In the past couple of months, an unauthorized user has hacked Amber Hunter account. And than the problems began. Amber Hunter own Videotron 1 800$ in Internet fees.

Since Amber account had been hacked, someone has used Amber account and did a massive usage of it, leaving Amber with a bill of 1 800$.

This is the kind of situation that could happen to anyone. Amber is a student, the income she earns go for her tuition and living expenses.

In this case, Videotron claimed that Amber Hunter is responsible for the fees, despite the fact that she got hacked. The Quebec based company Videotron only credited Amber for 313$. Is that suppose to be fair?

A Videotron representative of the name of Isabelle Dessureault had declared that Videotron "don't like these kind of situations". Videotron doesn't like those kind of situation, and they are not willing to do anything else to help other than crediting a tiny 313$.

I know what it is to live in Quebec and having to deal with stupid Quebec independentist people everyday. The kind of individual you really don't want to deal with.

Videotron decision to not fully credit the hacking fees is just another example of Quebec stupidity. Just another example.

Hacking is something that exist. It's a criminal act that is being perform by individual who knows how the system work. Those criminals don't hesitate when it come to steel from individual.

Also, Videotron should credit Amber in totality because Videotron system is not well build. According to the Gazette, Videotron "has tools for users to monitor their usage but doesn't advise customers when they have exceeded their limits". Which mean that in case of hacking, the account user won't have a clue of what is going on until receiving the invoice.

If you are with Videotron, you should think about switching of service provider. A hack happen to Amber Hunter, but it could happen to anyone. It's not common, but it can happen. It's just like Interac fraud or other kind of informatics fraud. I think that Videotron should reversed the charges, all of them, not just 313$. And you, what do you think? Like wow, those Quebeckers...

The Canada Revenue Agency is after me - Part 2

Today was my day off, as a colleague of mine desperately need its Saturday off. Since I am not currently working at my weekend job, I decided to give a hand. So today, I had time to write everything I felt about Canada Revenue Agency. I have to say, despite my very hard feeling, our agency is doing one of those good job... let me explain.

2009 had been a very good year financially speaking. I had made over 40k in salary, I had earn thousands of dollars in dividend income. Yeah 2009 was an awesome year. But it was the first year I had massively invested in stock and income trust funds, the same one that had been converted in corporation just in time for 2011. And there was from where I got problem from. From the income trust funds. TD Waterhouse is very great to use because if you registered to their eService, they won't ever send you tax papers over the mail. So this mean that you have personally have to print them.

Myself as an individual, I am always in a ruch, working at several jobs, etc etc etc. But myself as an individual, I might have forget to print one of the form, because when I visit my accountant just an hour ago, I was told that the form that Canada Revenue Agency refer to in their letter, well, that form was not from my tax declaration. Not at all.

So the mistake was all mine and I am taking the whole responsability and yes, despite the governement people having access to free French courses, yes, I will be paying that $168 and something cent I own Canada Revenue Agency.

The Canada Revenue Agency is after me

Just when things are going so well, something have to happen. This time, the something is coming directly from Canada Revenue Agency. When I open the envelop, I freak out: I own the Canada Revenue Agency 165.88$. Reason behind: there is an extra payment that need to be made for my taxes. Those federal government jerks have really nothing better to do than reviewing my tax declaration of 2009 almost one year after it's been done and completed. Brian Mulroney can be out in the world when he had steeled million of dollars from federal taxes money but I, small investor is being ripped off! Totally being ripped off. Those people working at federal agencies shouldn't be getting any benefit or pension privilege because myself, I don't get any of those privileges but on top of that, those government idiots are sucking me to dead. I am the one who work hard for my money, I am the one who invest and create financial health with MY OWN MONEY. I am not a money sucker. I am not a cheater like Brian Mulroney.

Ok, so now, you will ask yourself, what's going on? In 2009, the total income that I declared was of 40 916$. Quite some money! But the people of the Canada Revenue Agency had revised my 2009 declaration and had decided that my total income was not of 40 916$, but of 42 195$. We are talking here of a difference of 1 279$!

According to Canada Revenue Agency, the money is coming from my dividend income received from Bell Aliant, Livingston, Energy Savings, Yellow Pages, Pembina, Enbridge Income Fund and Pengrowth. That's what they say in the letter without commenting more.

In 2009, I had gave to the accountant who did my tax declaration all of the papers received from TD Waterhouse. My tax declaration had been done correctly the first time. It's just those Ottawa morons who are messing up with my taxes. On top of that, the little jerks had charged me an interest of 5.43$ on the amount due!!!! MORONS!

I am going to write to those jerks of Canada Revenue Agency that I don't own them any money because I had declared the dividend that were on my T5 form. The jerks should had access to the information, since the T5 directly come from the Canada Revenue Agency itself!!!

I worked in Ottawa previously before and I know how selfish the federal government employees are. They don't give a damn about anything. They only care about their salaries and pension benefit. In Ottawa, a lot of are federal agents are taking free French courses. They had all of their life to learn French, they never care about the French language. Where the money is coming from to finance those French courses? FROM MY TAXES.

This is the way Canada is for French Canadians. Enough of the bullshit. I had pay my taxes in April 2010, the little idiots of Canada Revenue Agency.

If, like me, you had received such letter, you have the right to contest. The jerks even provide ways you can contest their decision... Yah.

Conversion now completed for JE.UN, BA.UN, PGF.UN, ENF.UN, DHF.UN and CWI.UN

I use to be an income trusts lover for the awesome dividend they were provided me every single month of the year. With the new legislation regarding taxable Canadian corporation, income trust companies had until 2011 to convert into corporation. Because I hold many income trust companies in my portfolio, lately, a lot of changes happen recently. A lot of changes, but it's always the same good companies. In my portfolio, I hold Just Energy Income Fund (JE.UN), Bell Aliant Regional Communications Income Fund (BA.UN), Pengrowth Energy Trust (PGF.UN), Enbridge Income Fund (ENF.UN), Davis + Henderson Income Fund (DHF.UN) and the The Consumers' Waterheater Income Fund (CWI.UN). Let's see the changes that occur now for those companies:

Just Energy Income Fund (JE.UN) conversion into Just Energy Group Inc. (JE)

I begin this post with Just Energy Income Fund (JE.UN) because JE.UN is my favorite stock! I like everything related to Just Energy, I like the story of their CEO Rebecca MacDonald, their newest US acquisitions and, more importantly, Just Energy Income Fund (JE.UN) awesome dividend. I am a huge Just Energy fan and I am very proud to be one of their unitholders! As a unitholder, Just Energy Income Fund (JE.UN) never failed at meeting my expectations. Since I began to invest in Just Energy, the company had paid me year after year a special dividend of 20 cents per unit.

Like other income trusts, Just Energy Income Fund (JE.UN) paid a dividend income on a monthly basis. Just Energy Income Fund dividend is of 1.24$ annually. To this you can add what is now commonly usual, the annual special dividend of 20 cents per unit. That make an awesome 1.44$!!!!

Just Energy Income Fund (JE.UN) is not Just Energy Income Fund (JE.UN) anymore. But that's only to get better. Just Energy Income Fund (JE.UN) is now Just Energy Group Inc. and its trade ticket is JE. Good news for stockholder: the dividend of Just Energy Group Inc. (JE) will remain exactly the same!

No news regarding the special dividend yet, but please, one thing at a time! lol...

Bell Aliant Regional Communications Income Fund (BA.UN) conversion into Bell Aliant Inc. (BA)

I am coming from New Brunswick and I am always very happy to be able to hold stocks from "back home" if I can say. In Maritimes provinces, Bell Aliant is huge. No one outside New Brunswick can have a taste of what's Bell Aliant represent for New Brunswickers.

Before its conversion, Bell Aliant Regional Communications Income Fund (BA.UN) was generous enough to pay its investors a dividend of close to 3$ per unit (2.90$ exactly annually per unit). So yeah, that's a lot of cash!

Bell Aliant Regional Communications Income Fund (BA.UN) conversion into a corporation is affecting the company in many different ways. In result, Bell Aliant had decided to cut its dividend. But when dealing with companies who are paying a huge dividend like close to 3$ per unit, you need to be ready for dividend cut one day or the other. That's my own opinion. I live a similar experience with Pengrowth Energy Trust (PGF.UN) before, but we will get back to it.

Anyhow, Bell Aliant Inc. (BA) dividend is quite still generous and it's still interesting to hold Bell Aliant Inc. (BA). Even after conversion, Bell Aliant dividend is quite strong and way much better than what BMO Bank of Montreal (BMO) can offer to their investors.

Bell Aliant Inc. (BA) new dividend is going to be of 7.3% per cent. That 7.3% is based on the closing price of Bell Aliant Regional Communications Income Fund (BA.UN) on date of December 31, 2010. Bell Aliant Inc. (BA) is going to be of 1.90$ annually. The dividend will be paid quarterly, which mean that Bell Aliant Inc. (BA) will no longer be paying a monthly dividend. Bell Aliant Inc. (BA) dividend will be of $0.475 per share quarterly. Quite interesting, don't you think so?

Pengrowth Energy Trust (PGF.UN) conversion into Pengrowth Energy Corporation (PGF)

Ahhhhhhhh Pengrowth Energy Trust (PGF.UN)! If Just Energy is my number one stock pick, Pengrowth Energy Trust (PGF.UN) arrived on second place. I "just" love Pengrowth Energy Trust (PGF.UN) and I have a longtime trade story with them.

Back in 2008, I had purchased my first units of Pengrowth Energy Trust (PGF.UN) following the discovery of Derek Foster. The Stop Working strategy? It's seemed unreal to me and I wasn't really interested in reading Derek Foster book at first. But time pass, I was getting no where with my mutual fund investments and while reading Derek Foster posts on the Canadian Business forum, I told myself: Why not? 

That's was the beginning of quite of a journey for me in the stock market. In now almost 3 years of trading, I could say I almost saw it all: the 2008 stock crash, the quick up and downs. I made money, lost money.  The stock market is not the same anymore and so I am. But overall, I did quite well, but the reason behind my trading success in the stock market was Derek Foster, that we discuss quite a bit in the past couple of years together readers, but things needed to be say.

Believe it or not, I was holding Pengrowth Energy Trust (PGF.UN) units when its dividend was of an awesome 2.70$ per unit! Those were wonderful time for me. The dividend of Pengrowth Energy Trust (PGF.UN) was so huge! That was back in the year of 2008.

In November 2008, Pengrowth Energy Trust (PGF.UN) announced its first dividend cut from a monthly amount of $0.225 to $0.17. Nothing major, I continue to hold the units. That dividend cut wasn't drastic. At $0.17 a month per unit, I was still enjoying a great dividend. Since I like the company and it was a Derek Foster stock, I decided to stick and hold, what I do the best.

But things were going to get more difficult for Pengrowth Energy Trust (PGF.UN) during the recession. 2008 was just the beginning of the years of capitalist destruction. But overall, the recession, I benefit from it. I build my stock portfolio, I get those debt to use for leverage, got laid off from BMO Bank of Montreal for no valuable reason but what no one was going to know but know certainly now: I was going to make money like crazy in a recession world. Ok, well like "crazy" I guess its depend of your criteria of success, but 4 000$ in dividend earning + a close to 8 000$ increase value of my investment for 2010 is what I call crazy money... Crazy money for a crazy girl lol...

My story with Pengrowth Energy Trust (PGF.UN) do not end here. In September 2009, Pengrowth Energy Trust (PGF.UN) reduced its dividend for the second time. That time, the dividend was reduced to 7 cents per unit. That's when I decided to sell all of the units I was holding of Pengrowth Energy Trust (PGF.UN) to invest the vast majority of the money in Pembina Pipeline Corporation (PPL). And gees, that was so an incredible good move coming from my part!

Later on, while searching something cheap to invest in, I decided to invest again in Pengrowth Energy Trust (PGF.UN). I currently hold just a bit more than 200 units of Pengrowth Energy Trust (PGF.UN). Me and Pengrowth Energy Trust (PGF.UN), its a love story set for life. Pengrowth Energy Trust (PGF.UN) were the first stock I was selling on the stock market. My very first sell. WOW.

And now today in 2011, Pengrowth Energy Trust (PGF.UN) converted into a corporation. Pengrowth Energy Trust (PGF.UN) new name is Pengrowth Energy Corporation. The new symbol ticket is PGF. The dividend of Pengrowth Energy Corporation (PGF) remains the same, $0.07 per stock. And good news for investors: Pengrowth Energy Corporation (PGF) will continue to pay a monthly dividend just like before! YEAHHHH!

Enbridge Income Fund (ENF.UN) conversion into Enbridge Income Fund Holdings Inc. (EIFH)

Enbridge Income Fund (ENF.UN) is another Derek Foster stock. I was bright enough to purchase 300 units when their price was around 13$ only... Now, at more than 18$ per stock, Enbridge Income Fund is fabulous. And I own it to who? To myself, of course because I am the one who decided to invest in Enbridge on the first place lol.

Enbridge Income Fund (ENF.UN) new name following its conversion is now Enbridge Income Fund Holdings Inc. (EIFH). Guess I will have to get use to the new trading symbol.

The dividend for the new Enbridge Income Fund Holdings Inc. (EIFH) will remain the same as it is now, 1.152$ per unit. The only change is in the payout of those dividend. Enbridge Income Fund Holdings Inc. (EIFH) plans to pay its dividend on a quarterly basis.

Davis + Henderson Income Fund (DHF.UN) conversion into Davis + Henderson Corporation (DH)

Things are going pretty well for Davis + Henderson Income Fund (DHF.UN). What catch my attention at first in this company is the + symbol between Davis and Henderson, that I always found quite mysterious, no matter how bizarre it can sound. Like why Davis + Henderson and not simply Davis and Henderson? No matter what catch my attention, this is good stuff because I made a profit of 320.84$ this year on Davis + Henderson Income Fund (DHF.UN). Yeah! And the dividend was also very great.

Ok, so regarding the name, nothing to worry about, the magical + remains were it belong! Davis + Henderson Income Fund (DHF.UN) had now become Davis + Henderson Corporation (DH).

Davis + Henderson Corporation (DH) is going to pay a quarterly dividend of $0.30 cents per unit or, if you prefer, an annual $1.20 dividend per stock. Still great stuff, despite the dividend cut. Before Davis + Henderson Corporation (DH), Davis + Henderson Income Fund (DHF.UN) dividend was of an extraordinary $1.8396.

The Consumers' Waterheater Income Fund (CWI.UN) conversion into EnerCare Inc. (ECI)

We had talked of the future of The Consumers' Waterheater Income Fund (CWI.UN) previously before. The Consumers' Waterheater Income Fund is another Derek Foster pick that I decided to add to my portfolio. After Derek Foster announced that he had sold his units, The Consumers' Waterheater Income Fund (CWI.UN) has some hard time in the sense that the value of its units was somewhere around 5$.

In the last quarter of 2010, The Consumers' Waterheater Income Fund (CWI.UN) had done extremely well. As a stick and hold investor, I didn't sell my The Consumers' Waterheater Income Fund units when I found out that Derek Foster sold his. I am grateful for taking the decision of not selling. I hate to sell my investment. Whenever I sell, there's a good reason behind.

I had confident in The Consumers' Waterheater Income Fund. I like the company and I always remember what Jean-François Tardif had said about The Consumers' Waterheater Income Fund, that it was a really safe company to invest in or something of that nature.

However, I still hold The Consumers' Waterheater Income Fund (CWI.UN) in my portfolio. All of the units I hold from CWI.UN are inside my TFSA. 

The now EnerCare Inc. (ECI) will maintain the same dividend amount as for the late The Consumers' Waterheater Income Fund (CWI.UN): $0.648 per share annually or, if you prefer, $0.054 monthly per stock. And yes, EnerCare Inc. (ECI) will maintain a monthly dividend! Bravo to EnerCare Inc. (ECI)!

Conclusion

2011 marks the end of my success story with income fund. Conversion had been done quite smoothly for those companies. But I just can't imagine what kind of work all of those changes might had represent in term of work for all of those companies.

JE.UN, BA.UN, PGF.UN, ENF.UN, DHF.UN and CWI.UN no longer exist, but the same companies will continue to operate a different name and symbol ticket. A dividend cut is being experiment in some cases, but some very strong companies like Enbridge Income Fund Holdings Inc. (EIFH) and Just Energy Group Inc. (JE) just to name those 2, had been able to maintain their dividends at the same level.

The conversion of Pembina Pipeline Corporation (PPL), Yellow Media Inc. (YLO) and Premium Brands Holdings Corporation (PBH) had been done during the year of 2010. Personally, I only hold Premium Brands Holdings Corporation (PBH) since its become a corporation. Premium Brands Holdings Corporation (PBH) is a Jean-François Tardif stock pick, which well for me at this time, despite that I previously taught about selling Premium Brands Holdings Corporation (PBH). But I won't be selling Premium Brands Holdings Corporation (PBH) anytime soon. Unless an emergency need of cash emerge.

Happy 2011 investment party! Can't believe we are here. Are you ready for 2011?

My 2010 trading year in review

 

I am very lucky not to wake up with the flue because it was raining for New Year Eve in Montreal and I didn't have an umbrella. But who will carry an umbrella in January anyway? Some did, but they must had take a look at the weather forecast - something I barely ever do. You'll find in here some pictures I took from my iPod on New Year Eve. I was in Montreal in the Old Port.

Another year had come to an end. Overall, 2010 had been a good year for my commodity investment. I work like crazy, but I was able to made all the commodity investment I wanted and that's what was important to me, despite a laid off from the worst Canadian bank ever, BMO Bank of Montreal (BMO). They are disgusting, I know. And their online commodity broker BMO InvestorLine is absolutely horrible. I wasn't expecting much anyway coming from a Quebec provincial bank, an emigrant bank. And by the way, don't expect anything good from Quebeckers. 2011 will be just the same as 2010 for Quebec people: a black hole.

Ok, I got laid off from BMO Bank of Montreal (BMO) in 2010. Despite the laid off, I can assure you, I am a good investor and below is the proof. I took all of my commodity investment in this review - there's a lot of them as you'll see. I took all of them. but all of those investments were not made in 2010. My online investment in some RBC growth stock mutual funds were made somewhere in 2007-2008. Same thing for my Manulife investment. Anyhow, I wanted to take the whole monster and see where I am located in all that. Let's see how things went for the Dividend Girl online investing in 2010:

Non registered Investments:

Stocks and Units investment portfolio

Sprott Inc. (SII):

Investment initial value: 5 009.78$
Current value: 4 191.20$

-818.58$

Timminco (TIM):

Investment initial value: 4 065$
Current value: 66$

-3 999$

Blue Note Mining (BNT):

Investment initial value: 689$
Current value: 52$

-637$

Bank of Nova Scotia (BNS):

Investment initial value: 16 298.14$
Current value: 17 529.70$

+1 231.56$

Hanwei Energy Services (HE):

Investment initial value: 674$
Current value: 133.50$

-540.50$

Methanex Corporation (MX):

Investment initial value: 1 626.80$
Current value: 3 115.75$

+1 488.95$

Fortis (FTS):

Investment initial value: 2 680.06$
Current value: 3 635.86$

+955.80$

Pembina Pipeline Corporation (PPL):

Investment initial value: 6 313.20$
Current value: 9 309.60$

+2 996.40$

Just Energy Income Fund (JE.UN):
Investment initial value: 10 473.45$
Current value: 11 496.96$

+1 023.51$

Yellow Media Inc. (YLO):

Investment initial value: 2 467.68$
Current value: 2 914$

+446.32$

Bell Aliant Regional Communications Income Fund

(BA.UN):

Investment initial value: 5 513.40$
Current value: 5 223.99$

-289.41$

Pengrowth Energy Trust (PGF.UN):
Investment initial value: 2 290.55$
Current value: 2 722.14$

+431.59$

Enbridge Income Fund (ENF.UN):

Investment initial value: 3 584$
Current value: 5 792$

+2 208$

Corby Distilleries Limited (CDL.A):

Investment initial value: 3 087.99$
Current value: 3 399.66$

+311.67$

Davis + Henderson Income Fund (DHF.UN):

Investment initial value: 3 664.99$
Current value: 3 985.83$

+320.84$

Premium Brands Holdings Corporation (PBH):

Investment initial value: 2 955.16$
Current value: 2 851.92$

-103.24$

EnCana Corporation (ECA):

Investment initial value: 5 946.88$
Current value: 5 847.09$

-99.79$

Sprott Physical Silver Trust UTS (PHS.U):

Investment initial value: 2 190.49$
Current value: 2 814$

+623.51$

iShares S&P/TSX Capped REIT Index (XRE):

Investment initial value: 738.99$
Current value: 727.38$

-11.61$

Horizons Gold Yield Fund (HGY.UN):

Investment initial value: 2 000$
Current value: 2 020$

+20$

Total of gains: +12 058.15$
Total of losses: -6 499.13$
TOTAL: +5 559.02$

Tax-free savings account (TFSA):

RBC O’Shaughnessy Canadian Equity Fund:

Investment initial value: 3 000$
Current value: 2 946.19$

-53.81$

The Consumers’ Waterheater Income Fund (CWI.UN):

Investment initial value: 2 288.37$
Current value: 2 898.50$

+610.13$

Dumont Nickel Inc. (DNI):

Investment initial value: 719$
Current value: 345$

-374$

Total of gains: +610.13$
Total of losses: -427.81$
TOTAL: +182.32$

RSP investment portfolio:

Sprott Canadian Equity Fund:

Investment initial value: 7 000$
Current value: 7 773.76$

+773.76$

Claymore Gold Bullion ETF (CGL):

Investment initial value: 3 587.30$
Current value: 4 316.26$

+728.96$

EnCana Corporation (ECA):

Investment initial value: 3 230$
Current value: 2 909$

-321$

Emera Incorporated (EMA):

Investment initial value: 5 103.79$
Current value: 6 458.10$

+1 354.31$

CIBC Dividend Growth Fund:

Investment initial value: 500$
Current value: 554.19$

+54.19$

CIBC Emerging Markets Index Fund:

Investment initial value: 500$
Current value: 427.11$

-72.89$

CIBC Monthly Income Fund:

Investment initial value: 1 000$
Current value: 1 048.40$

+48.40$

TD Canadian Bond:

Investment initial value: 113.04$
Current value: 115.42$

+2.38$

TD Monthly Income:

Investment initial value: 110.45$
Current value: 109.13$

-1.32$

TD Emerging Markets:

Investment initial value: 100$
Current value: 91.38$

-8.62$

TD Energy:

Investment initial value: 102.76$
Current value: 96.46$

-6.30$

TD Precious Metals:

Investment initial value: 100$
Current value: 151.86$

+51.86$

TD Latin American Growth:

Investment initial value: 100$
Current value: 106.58$

+6.58$

TD Entertainment and Communications:

Investment initial value: 100$
Current value: 122.37$

+22.37$

TD Dividend Growth:

Investment initial value: 208.80$
Current value: 207.48$

-1.32$

TD U.S. Mid-Cap Growth:

Investment initial value: 100$
Current value: 115.85$

+15.85$

Maritime Life International Equity Fund (Templeton):

Investment initial value: 1 000$
Current value: 654.89$

-345.11$

Manulife Simplicity Growth Portfolio:

Investment initial value: 1 000$
Current value: 926.31$

-73.69$

Maritime Life CI Harbour Seg Fund:

Investment initial value: 1 000$
Current value: 1 097.67$

+97.67$

Maritime Life Fidelity True North Seg Fund:

Investment initial value: 1 000$
Current value: 1 066.40$

+66.40$

Maritime Life Trimark Europlus Seg Fund:

Investment initial value: 1 000$
Current value: 644.05$

-355.95$

RBC Canadian Dividend Fund:

Investment initial value: 500$
Current value: 548.88$

+48.88$

RBC U.S. Mid-Cap Equity Fund C$:

Investment initial value: 2 300$
Current value: 1 995.84$

-304.16$

RBC Global Resources Fund:

Investment initial value: 1 000$
Current value: 1 238.61$

+238.61$

RBC O’Shaughnessy International Equity Fund:

Investment initial value: 1 000$
Current value: 648.67$

-351.33$

RBC O’Shaughnessy All-Canadian Equity Fund:

Investment initial value: 1 100$
Current value: 1 208.58$

+108.58$

Total of gains: +3 618.80$
Total of losses: -1 841.69$
TOTAL: +1 777.11$

OVERALL GAINS: +16 287.08$
OVERALL LOSSES: -8 768.63$
TOTAL: +7 518.45$

Overall, I can say I did well. I invest without the help of any financial planners. but while living in Quebec, I prefer to invest just through my fabulous TD Waterhouse securities as  online future trading brokerage. A gain of 7 518.45$ in one year of Canadian online stock trading? From my point of view, for a small investor like myself, I can say I did pretty well. And 2011 should be even better. But remember 2010 had been an investment year in a recession one. Not easy for anyone, but even harder for smaller investors.

To all of my fellow readers, Quebeckers or not, I wish you a Happy 2011 Trading Year! Health and prosperity to you all. May my blog be helpful to you by sharing my trading experience on the Toronto stock exchange market.

My debt situation on date of January 1, 2011

9 431.36$ at a low interest rate of 4.75% (RRSP credit line rates) = 447.99$ in annual interest

4 900$ at a low interest rate of 4% (credit line rates) = 169$ in annual interest

7 978.32$ 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)

= 390.94$ in annual interest

4 911$ at 8.75% (credit line) = 429.71$ in annual interest PAID OFF

7 906.87$ at low interest rate loan at 5.50% (student loan) = 434.88$ in annual interest

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

18 083.63$ at a low interest rates of 4.25% (margin money coming from TD Water house): = 768.55$ in annual interest

TOTAL: 58 300.18$

TOTAL in annual interest: 2 965.36$

[In date of January 1, 2011]

Special New Year Edition: My investment portfolio on date of January 1, 2011

Savings:
2 348.35$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 4 191.20$
Timminco (TIM): 66$
Blue Note Mining (BNT): 52$
Bank of Nova Scotia (BNS): 17 529.70$
Hanwei Energy Services (HE): 133.50$
Methanex Corporation (MX): 3 115.75$
Fortis (FTS): 3 635.86$
Pembina Pipeline Corporation (PPL):
9 309.60$
Just Energy Income Fund (JE.UN): 11 496.96$
Yellow Media Inc. (YLO): 2 914$
Bell Aliant Regional Communications Income Fund
(BA.UN): 5 223.99$
Pengrowth Energy Trust (PGF.UN): 2 722.14$
Enbridge Income Fund (ENF.UN): 5 792$
Corby Distilleries Limited (CDL.A): 3 399.66$
Davis + Henderson Income Fund (DHF.UN):
3 985.83$
Premium Brands Holdings Corporation (PBH):
2 851.92$
EnCana Corporation (ECA): 5 847.09$
Sprott Physical Silver Trust UTS (PHS.U): 2 814$
iShares S&P/TSX Capped REIT Index (XRE): 727.38$
Horizons Gold Yield Fund (HGY.UN): 2 020$
Cash: 215.53$

TOTAL: 88 044.11$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
2 946.19$
The Consumers’ Waterheater Income Fund
(CWI.UN): 2 898.50$
Dumont Nickel Inc. (DNI): 345$
Cash: 5.59$

TOTAL: 6 195.28$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 773.76$
Claymore Gold Bullion ETF (CGL): 4 316.26$
EnCana Corporation (ECA): 2 909$
Emera Incorporated (EMA): 6 458.10$
Cash: 66.99$

CIBC Dividend Growth Fund: 554.19$
CIBC Emerging Markets Index Fund: 427.11$
CIBC Monthly Income Fund: 1 048.40$

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

GIC National Bank: 1 147.42$
GIC Plus: 500$

TD Canadian Bond: 115.42$
TD Monthly Income: 109.13$
TD Emerging Markets: 91.38$
TD Energy: 96.46$
TD Precious Metals: 151.86$
TD Latin American Growth: 106.58$
TD Entertainment and Communications: 122.37$
TD Dividend Growth: 207.48$
TD U.S. Mid-Cap Growth: 115.85$

Maritime Life International Equity Fund
(Templeton): 654.89$
Manulife Simplicity Growth Portfolio: 926.31$
Maritime Life CI Harbour Seg Fund: 1 097.67$
Maritime Life Fidelity True North Seg Fund:
1 066.40$
Maritime Life Trimark Europlus Seg Fund: 644.05$

Great-West – various: 1 751.69$

RBC Canadian Dividend Fund: 548.88$
RBC U.S. Mid-Cap Equity Fund C$: 1 995.84$
RBC Global Resources Fund: 1238.61$
RBC O’Shaughnessy International Equity Fund: 648.67$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 208.58$

GIC Canadian Market: 1 000$

TOTAL: 40 104.87$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(53.35$):

136 785.96$