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Friday, February 4, 2011

Welcome Colabor Group Inc. (GCL), 200 stocks of GCL in my portfolio

Colabor Group Inc. (GCL) is base in Boucherville (QC), a locality close to Montreal. GCL distributes dry goods, frozen foods and refrigerated foods to 68 wholesale food distributors in Quebec, Ontario and the Maritimes. The company had been in operation since 1962.

Since that time, Colabor Group Inc. (GCL) had made several acquisitions. The latest Colabor Group Inc. (GCL) acquisition was completed on February 8, 2011. On that dat, Colabor Group Inc. (GCL) acquired Les Pêcheries Norref Québec Inc. ("Norref"). Les Pêcheries Norref Québec Inc. is a Quebec province based company specialize in the distribution of distributor of fresh fish and seafood products in the province of Quebec and the Ottawa region.

Colabor Group Inc. (GCL) pay a quarterly dividend of 26.91 cents, for an annual dividend of 1.0764$. Colabor Group Inc. (GCL) dividend yield is of a very good 9.176%.

Another exciting trading day!

Today was a very good day. I invested in 200 stocks of Colabor Group Inc. (GCL) and 200 stocks of Student Transportation (STB). I am now at more than 100k in my Canadian non registered account. My annual dividend income for 2011 is now set at 7 300$. Nothing for sure, dividend payment can be suspend at anytime but chances are that I will probably be able to earn 7 300$ in dividend from my investment. For once, I am very satisfy, but the activities of the last couple of days left me quite exhausted and I am happy, everything is set for a while. I will have a daily follow up to do but I had invested in what I believe are good companies and I really hope everything will be ok.

I could easily reach the 8 000$ in dividend income without any problem. My sell order for 500 stocks of Sprott Inc. (SII) is still open. In order to easily reach the 8 400$ in dividend income, I could sell all of the units hold of Sprott Inc. (SII) (which represent more than 1 000 stocks) and reinvest the money in higher dividend payer companies. I could also sell the units I hold of Sprott Physical Silver Trust UTS (PHS.U) because this investment do not provide me any dividend. Another drastic move would be to sell everything hold inside the RRSP and cash it out... It could result in maybe 20 000$ or maybe more... But I won't perform any of those moves anytime soon. Just for now, I have a sell order for 500 stocks of Sprott Inc. (SII) at 9.60$ and that's all for now. 7 300$ in dividend income should satisfy me for a little while.

At this point, my next step would be to decrease, even just a bit, my debt level. I hold more than 60k in debt and decreasing would just make things lot more better. I realize I have a lot of debt but it's not really a problem for me. But since I am very please with my 7 300$ dividend, I may now concentrate on paying debt. Even just a little. I had pay off my 5 000$ credit line at 8.75% using my margin money. I have that 10 000$ credit line at less than 8%. Less than 8% yes, but eventually, if I could manage to pay off 50% of it, I would be very happy.

So those were my latest financial news.

But oh, I almost forgot to comment on the very bad review made by Ellen Roseman on Derek Foster latest book. Ellen Roseman is not that much of a financial journalist and I am going to explain you why.

If you are a long time reader of My first 50k blog, you know, just like me, that the most exciting part of my investment journey had started after the reading of Derek Foster books. As a big recap, I had been investing since 2005. From 2005 to 2007, i exclusively invest in GICs and mutual funds. And financially speaking, I was going no where. But than, in 2008, i began to read the Canadian Business Forum. It's there I learn about Derek Foster and his Stop Working book. His whole thing seem to be unreal for me at first. How can a middle class individual can live without working? I didn't understand anything of what Derek Foster was all about at first. Trully nothing at all. But I continue to read his posts on Canadian Business because I found his style sooo polite despite very bad comments in some occasions. So I told myself that if the guy was getting very push down, it was because he knew what he was doing. And as always (lol), I was right. "The guy", Derek Foster, knew it all. I purchase all of Derek Foster books, read them I don't know how many times, finally understood what it was all about and run to TD Waterhouse office located at the Eaton Centre to open my broker account. Little that I knew back them in what I was going to get into...

I begin to invest in stock in 2008, right before the stock market crash. I made and loss money. And belive it or not, I only made money from Derek Foster stock picks and NEVER LOSS ANY MONEY. I loss money from penny stocks trading (something Derek Foster never talk about and its a good thing trust me). I also lost money in my Timminco (TIM) adventure. I talked about this like crazy previously so you can just search for Timminco in the search engine at your right if you want to learn more about it. Despite my lost, I made more money than from what I lost.

Since my Timminco experience, I made myself the promise to give up on stock if I was going to loose money ever again. You have to understand that with my Timminco adventure, I lost 4 000$. This meaning that Eric Sprott himself own me 4 000$ but that's another story.

Following the stock crash of 2008, my portfolio never loss more than 30% in value but still, I wanted the fantastic gain, I wanted a Stop working adventure and now, everything was taking away from me.

And than, that thing happen, my guru (lol) Derek Foster sell out his portfolio. Everything was wrong, I was left without a guru. Derek Foster sold his portfolio, Jean-François Tardif was leaving the public financial scene, Steve Martin was leaving Crestreet and I was left alone, without any guru... lol... And I was wondering, at a point, what I was going to do. But for me, despite the horrible market condition, I wasn't going to sell.

But this is because I don't have a real knowledge on thing. I read financial statement and other from companies, all stuff that I ever truly understand. I do not read the financial result of a company before investing. I do a work around, reading yes, but nothing in the deep. Because I don't have the knowledge. I am not going to lie and say ok, I know it all, I know exactly what I am doing and I am doing all the homework required. That's not true. My personal next step will be to seek more for that knowledge. Anyhow, you get the point.

The problem here is that Derek Foster hold that knowledge. And when you have the knowledge to go deeper in things, you can analyze and make your own opinion out of a situation. And Derek Foster opinion about the crash was the one of a specialist, the same one as Eric Sprott saying something like governments worldwide had injected to much money in the economy that the economy we live in is not a real one. Or not a natural one. So at a point, selling stocks is the only solution. Especially when, like Derek Foster, you have a family to take care of. There was a time where selling appear as the best solution for Derek Foster. At first, I didn't understand his move, but later on, after reading shocking (because Eric Sprott is always sooooooo shocking) comments of Eric Sprott on the economy well, I told myself, Derek Foster was right. He was right at the time he sell.

Being on the stock market is dangerous. I could loose everything I have. Part of me can live with that without any problem. My real problem is that I have too much faith, I love to invest too much and after now 6 years of investment, I could not stop. It had become a need. But also a willingness to see what's going to happen next. Fact is that I know I won't ever loose everything.

See, its part of the game, there's always a contradiction, something to keep you there, just going, going and going.

I made thousands of dollars on Derek Foster picks and my investment life would had been very less interesting without his knowledge.

I don't want a perfect scheme, I want it to pop all over the place.

Edition mistakes in Derek Foster books? I LOVE THEM. It keep it real, far away from the artificial blabla.

Investment mistakes? I did mine, and a bunch of them. And so did Derek Foster. So when that poor Ellen Roseman comments Derek Foster work the way she did, it only show her ignorance and her stupidity. I don't think Ellen Roseman is actived on the stock market. She seemed to be a bit too idiot for that. Did Ellen Roseman ever write a book to help small investor? Does she provide any investment tips that ever made thousands of dollars? The answer to those questions is a big NO. A complete inactive journalist with no investment talent and no talent at all. That's what that Ellen Roseman is for me.

If Derek Foster had decided to sell his investments, its because he was aware of what was going on. But his come back in stock make me happy because hey, I wouldn't like to be left without any guru!

One of the only thing I don't like about Derek Foster Idiot Millionaire is that Derek Foster named Power Financial as a possible holding for Idiot investor like myself. My problem being that one of those jerks work for Power Financial as Vice President. His name is Henri-Paul Rousseau, ex CEO of the Caisse de dépôt et placement du Québec. Please do your search on the man and let me know if its ok for me to feel like screaming when I read about Power Financial in the latest book of Derek Foster. But that's the only thing. Otherwise, Derek Foster is that perfect that I once wrote that he was an angel. But maybe the term was not appropriate lol (!!).

Thursday, February 3, 2011

200 stocks of Colabor Group Inc. (GCL) and 200 stocks of Student Transportation (STB)

I just buy 200 stocks of Colabor Group Inc. (GCL) at 6.36$ and 200 stocks of Student Transportation (STB) at 6.36$. Also, I just received Sprott Inc. (SII) special dividend, 312$. I am now very close to the 100k in my non registered Canadian account!

Hello 3 071.49$ in cash from my sell of RBC O’Shaughnessy Canadian Equity Fund

I received the money from my sell of RBC O’Shaughnessy Canadian Equity Fund this morning. Just like I expected it, I had received 3 071.49$ in my chequing account, outside my TFSA. I announced some investment I was going to make, but I decided to take off my list Veresen Inc. (VSN), TDb Split Corp. (XTD) and Provident Energy Ltd. (PVE). Just for now.

One of my reader post about a company name Student Transportation (STB). I find the company very great, something very stable and what Jean-François Tardif would probably comment on the same way he did for EnerCare Inc. (ECI) a too long time ago: something very conservative in the sense of stable and strong. In French, I would had used the word "pépère". And this is exactly what I need. A "pépère" investment. And talking about Jean-François Tardif, I don't know if you have notice, but his Premium Brands Holdings Corporation (PBH) had performed extremely well lately: the price stock now exceed the 15$!  I am very happy to hold this investment, but 2009-2010 hasn't been easy for Premium Brands Holdings Corporation (PBH) in the sense that I found personally that the stock price was a bit volatile. But I stick and hold and now, tadam, hello good wonderful profit and thank you Jean-François Tardif, whenever you are on earth. Thank you.

Tomorow morning, I plan to invest in the following:

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

200 stocks of Student Transportation (STB) for an approximate value of 1 274$
Dividend yield: 8.76%
dividend income: 112$

After what, my annual dividend income for 2011 will be of 7 301.83$ (probably). I may invest again later on when my 500 stocks of Sprott Inc. (SII) will be sell. But until that time, a 7 301.83$ in dividend income is enough for me. I have a feeling I can easily reach the 8k without any trouble. It is really that easy. And hello dividend cash. $$$

Wednesday, February 2, 2011

My stock investment portfolio on date of February 1, 2011

1 276.27$

Non registered Investments:
Stocks and Units investment portfolio
Sprott Inc. (SII): 8 619$
Timminco (TIM): 110$
Blue Note Mining (BNT): 44$
Bank of Nova Scotia (BNS): 6 145.01$
Hanwei Energy Services (HE): 126$
Methanex Corporation (MX): 2 912.84$
Fortis (FTS): 3 727.88$
Pembina Pipeline Corporation (PPL):
9 543.32$
Just Energy Group Inc. (JE): 11 996.16$
Yellow Media Inc. (YLO): 2 932.80$
Bell Aliant Inc. (BA): 5 509.42$
Pengrowth Energy Corporation (PGF): 2 717.80$
Enbridge Income Fund Holdings Inc. (ENF): 5 649.60$
Corby Distilleries Limited (CDL.A): 3 484.50$
Davis + Henderson Corporation (DH):
4 213.72$
Premium Brands Holdings Corporation (PBH):
3 151.20$
EnCana Corporation (ECA): 6 458.13$
Sprott Physical Silver Trust UTS (PHS.U): 2 562$
iShares S&P/TSX Capped REIT Index (XRE): 2 131.36$
Horizons Gold Yield Fund (HGY.UN): 1 980$
Canfor Pulp Products Inc. (CFX): 1 495$
Financial 15 Split Corp. (FTN): 1 016$
New Flyer Industries Inc. (NFI.UN): 1 952$
Superior Plus Corp. (SPB): 2 390$
Capital Power Income L.P. (CPA.UN): 1 952$
Exchange Income Corporation (EIF): 1 985$
Rogers Sugar Inc. (RSI): 1 665$
Cash: 269.94$

TOTAL: 96 739.68$

Tax-free savings account (TFSA):
RBC O’Shaughnessy Canadian Equity Fund:
3 071.49$
EnerCare Inc. (ECI): 3 137.24$
Dumont Nickel Inc. (DNI): 345$
Cash: 7.79$

TOTAL: 6 561.52$

RSP investment portfolio:
Sprott Canadian Equity Fund: 7 348.08$
Claymore Gold Bullion ETF (CGL): 4 076.28$
EnCana Corporation (ECA): 3 213$
Emera Incorporated (EMA): 6 672.34$
Cash: 87.06$

CIBC Dividend Growth Fund: 572.76$
CIBC Emerging Markets Index Fund: 410.88$
CIBC Monthly Income Fund: 1 096.82$

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

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

TD Canadian Bond: 118$
TD Monthly Income: 113.55$
TD Emerging Markets: 87.56$
TD Energy: 102.56$
TD Precious Metals: 141.33$
TD Latin American Growth: 103.09$
TD Entertainment and Communications: 125.98$
TD Dividend Growth: 214.66$
TD U.S. Mid-Cap Growth: 118.97$

Maritime Life International Equity Fund
(Templeton): 683.13$
Manulife Simplicity Growth Portfolio: 937.71$
Maritime Life CI Harbour Seg Fund: 1 112.72$
Maritime Life Fidelity True North Seg Fund:
1 073.80$
Manulife GIF MLIA B World Invest: 658.54$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 564.40$
RBC U.S. Mid-Cap Equity Fund C$: 2 047.28$
RBC Global Resources Fund: 1 308.55$
RBC O’Shaughnessy International Equity Fund: 699.84$
RBC O’Shaughnessy All-Canadian Equity
Fund: 1 238.58$

GIC Canadian Market: 1 000$

TOTAL: 40 519.53

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
145 281.13$

Tuesday, February 1, 2011

Selling my units of RBC O'Shaughnessy Canadian Equity Fund

I am so very happy right now! Today, the TSX gains points again! I watch the TSX going up for a big part of the day. I had my lunch set up at 3:30pm today: right on time to call RBC before 4pm. Until today, I own 209.10 units of RBC O'Shaughnessy Canadian Equity Fund.

Today, RBC O'Shaughnessy Canadian Equity Fund close at a fantastic 14.6891$ per unit. This mean that I should be receiving 3 071.49$ in my chequing account! I had been holding RBC O'Shaughnessy Canadian Equity Fund for a very long time. Despite holding RBC O'Shaughnessy Canadian Equity Fund for a very long time, my money made in the fund is only of 71.49$. My original investment value in the RBC O'Shaughnessy Canadian Equity Fund was of 3 000$.

Anyhow, I should be receiving the money very soon and I forget when because I was way too excited lol! Like wow, everything is working so well! Perfect timing, the stock market is up, and I have a few other investment waiting for me (Colabor Group Inc. (GCL), Veresen Inc. (VSN), TDb Split Corp. (XTD) and Provident Energy Ltd. (PVE)).

Welcome to Rogers Sugar Inc. (RSI), 300 stocks of RSI in my online future trading brokerage

Rogers Sugars Inc. (RSI) is another latest investment. Rogers Sugars Inc. (RSI) is a Montreal base company that currently trade under 6$ per stock, which made RSI very affordable to all. It's a good deal and you could see the value of Rogers Sugars Inc. (RSI) rise in the next couple of weeks. Why? The reasons are good, according to search I conduct online. This is all pure speculation as always, but chances are that Rogers Sugars Inc. (RSI) will increase in value.

Rogers Sugar Inc. (RSI) manufactures and distributes sugar. On February 4, 2011, a big cyclone, name Cyclone Yasi completely destroy Queensland sugarcane industry. Queensland is located in Australia. Queensland is the world third largest exporter of sugar. Following the sad event of Queensland, the price of sugar climb on a 30-year high on supply concerns. To learn more about this event, you can click here.

The need for sugar will increase because its third largest distributor is not able to operate. As a company, Rogers Sugar Inc. (RSI) has an annual nominal production capacity of approximately 1,000,000 metric tons.

Rogers Sugar Inc. (RSI) pay a quarterly dividends of $0.085 per share. The dividend yield of Rogers Sugar Inc. (RSI) is of 6.039%. The dividend yield is good. And on top of that, we have good chances to earn great value gains when it come to Rogers Sugar Inc. (RSI).

Just recently, Rogers Sugar Inc. (RSI) announced a dividend of $0.0850 per share of record on March 31, 2011, payable on or before April 20, 2011. Great! I qualify for the April distribution!

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.

Thank you

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