Be ready for serious business with First Majestic Silver Corp. (FR)

This is a gig from the B52s you can listen to while reading! I was so happy to see the concert of the B52s at the Montreal Jazz Festival, you cannot simply imagine. It was magical and the crowd was HUGE.

Ok, so here we are: despite the fact that First Majestic Silver Corp. (FR) doesn’t pay any dividend, I had been holding Fr for quite a while now. I first start by day trading the title. Following what, I found out that First Majestic Silver Corp. (FR) was producing the purest silver of the whole wide world! Again, this is HUGE!

Just like expected, First Majestic Silver Corp. (FR) is seriously kicking some a in the Canadian silver mines! Yesterday, First Majestic Silver Corp. (FR) announced, among other things, that it’s silver production increased by 16%! HUGEEEEEEE!!!! Yeeeeeeee! Remember Eric Sprott, silver is a CURRENCY. FR increasing its silver production = big bucks for ME and for YOU if, of course, you had been smart enough to invest in FR! The money? Take it from your margin account and voilà, you are about to turn into a future millionaire listening to B52s all freaking day long! Isn’t a nice way to start the weekend! TD Waterhouse rank FR a BUY, from my understanding.

Another one of the B52s... Just another one... Chachacha. In my fifties, I want to be hot and wear miniskirts just like the girls of the B52s. If you don’t like silver and if you don’t like the B52s, there might be something very wrong with you. (The videos are from ME). I know, its kind of very good!!! Probably the best concert of my 30 years of life! Ever. 

;)

$$!!!$$

(FR could hit the 30$ per stock on a later date).

How to get the best credit score ever: get it with the margin account gangster style

This is the kind of stuff your banker absolutely don't want you to know... So better read this! It's a secret report!

This happen a little while ago, when I present myself at RBC Royal Bank Branch located downtown Montreal at Ville-Marie. Once again, I had forgotten my PIN, and needed to have it reset. Following what, the cashier tell me that I had a good account, that I may qualified to get more credit or get something else. And then I ask: and how about a lower interest rate for my credit line? She told me I may be able to get it, but I would need to take an appointment with a representative. I said ok, and I got my appointment. This was totally a Quebec sale pitch and I fail into it. ME, I fail into a financial sale pitch! I am not very proud of myself, I should know better by now!

At the appointment, the rep did my credit evaluation. Everything was good, but he was not able to get me a lower interest rate other than the current 7.52%. But, he was able to increase my limit of another 10 000$, but the interest rate will have to be of close to 9%. Yak! No thanks! So basically, I went through a credit evaluation for basically nothing and as you can imagine, I was pissed! So F Quebeckers! I hate you! I hate you sooooooooo F much! BOUUUUUUUUUU! Quebec bankers are so not impressive. I never been served with respect while being in Quebec. Quebec financial institution? They all suck! In their willingness to succeed, Quebeckers became excessively arrogant. It's not because your a banker, that you work for a bank or other that you necessary know what you are in. Truly, here in Quebec, individuals are cheaters and liars, not very responsible and humane, extremely hypocrite and really not good at business. Not at all.

BUT... despite the hate...

I was able to take a look at my credit file. My score was exceeding the 380 on 410 (at that time). Pretty good knowing how much I hold in debt. So I was happy to learn about my good credit score. In the credit file, as you can imagine, all loans, all credit cards, all credit lines I have appear in there... at the exception of the margin account. 

My margin account is link to my non-registered portfolio that I own at TD Waterhouse. A margin is like a credit line. The interest rate is quite low, only 4.25%. But the tricky part is that the amount of money available on the margin depends of the value of the portfolio. And that variation is being measure on a daily basis by TD Waterhouse. 

I had paid my 5 000$ TD credit line using my margin account money. I had a remained 22 000$ left in cash, and a 40k in stocks. That’s quite a lot of money, but I had been investing since 2005 now and I felt confident by doing what I did with my money. Not that I am an expert, but everything is pretty much stable because major part of my non-registered portfolio had been build between 2008-2010. I opened my margin account in December 2010. 

So this is where the gangster style is hitting. I had paid my 5 000$ TD credit line using my margin account money a while ago. That detail does not appear in my credit file. And trust me, I took a deep look; I even touch the computer screen of the representative. I had bad eyes, but I took time to study what I had in front of me and that include my fingers on the screen... I can confirm, the margin account, the 40 000$ I had borrowed at 4.25% is not from my credit file. It does not appear anywhere! Reason behind is that a margin account is not a financial product that rely on the credit score of an individual. The margin only reflects the value of my wonderful portfolio. So knowing that is quite hot.

In my credit file, my TD credit line appeared as being paid off, but no one at the exception of TD knows that the money is coming from my margin account (because my margin account is at TD Waterhouse). Isn’t nice? This mean that anyone included me could pay other credit products (like the one at 10 000$ I have at RBC and the 5 000$ I have at BMO) using margin account money. The product appeared to be paid off, and the banker won’t have a damn clue of where the money is coming from (at the exception of TD, of course). Paying off credit lines, among other, is a good way to increase a credit score. The only thing you need to be careful with is the management of the margin account itself. 

Once, a TD rep gave me a good advice, not to use more than 30% of the margin account value. I always find this as being a good advice because fact is, the amount of money available on a margin varies on a daily basis and all depend of the stock market condition. But despite this, margin account money can be use to do anything and everything you want, including paying debt at a higher interest rate and including a Louis Vuitton bag or a Denis Gagnon sexy dress! Whatever you ever dream of!

Now, you know how to look smart while doing business with bankers. Just go for it baby, do it the gangster style. Do it like a New Brunswicker :0)

I want another investment for my broker margin account

Lately I had been busy doing nothing and everything and I am happy I had been able to wake up at 8am... WOW! Lately, my investment had performed extremely well. According to the data of TD Waterhouse, my non-registered portfolio closed yesterday session at 113 390$, even exceeding the good result of July 5th. So I was quite happy of course. The money available on my margin account rank at 22 409.05$. Those numbers are quite interesting. It feels like I did not invest in anything like forever now! My last investment was made in May. Now in July, I would like to invest before leaving for my vacation but some factors stop me from doing so. I want to add on stronger asset to my portfolio and I had been dreaming of adding on TransCanada Corp (TRP) for weeks now.

My portfolio is doing well for now, the money left available on the margin account is exceeding the 20k. But that is for now. TMX could play the yo-yo again as for today; it’s expected to begin the day on a lower scale. So better keep the money on my margin account in form of cash rather than stocks.

Also, my weekend job is about to cut very soon the Sunday shift. I used to work 16 hours per weekend at that job. That was enough to entirely cover the cost of my rent and Internet, which I always like. I always like to work on weekend, knowing that it bring in cash for my rent and Internet connection. Just recently, the job went from a 16 hours shift to a 10 hours one. But that’s not all, they are about to cut it to 5 hours from what I had learned... Not very good. Currently, my monthly income had decreased of 200$. And very soon, it could be of even more. This is what keeps me from investing more at this type, and not much of the stock market situation. Because the Toronto stock market situation, it’s always the same, constantly on a yo-yo game that I am very use to now. It’s not what keeps me away from investing. But hours cut yes, it does so. So I feel somewhat miserable right now and because of that, I stay up late at night trying to make money online. Not that it’s not working. But making money online is what it is, the process is slow. Well, that being in my case. Somewhere, getting those vacations in not even 2 weeks is going to help and following my vacations, I guess I will be job searching. That’s what going on at this time.

Join me on My Lot!

If you want to join my online money making exercise, you can! I am posting on My Lot, a discussion forum, and I will probably be posting even more in the next couple days. I make about 14 cents for a total of not even 10 posts. To make 100$, I will probably have to post something like 5 000 posts... lol... Anyhow, I like My Lot and the payout is only of 10$ so why not? On My Lot, I am JulieSkyRock and I post about a variety of topic that does not only include personal finances. So come join in the discussion, it will be fun! And please use my referral link to register.

Did you know? Warren Buffett invest like a girl

Have you ever heard of something more stupid than that? Well, wait until you read LouAnn Lofto book title: Warren Buffett Invests Like A Girl, And Why You Should Too. Really? Come on! This so call writer is simply looking to make big money on Buffett head, and the wrong way. I think LouAnn Lofto came with this book title just to sell. She came with an incredibly stupid book title just to impress and LouAnn Lofto is running after the cash, I am telling you! Obviously, I am a girl, I am the Dividend Girl right, and I had been investing since 2005. I can tell you that LouAnn Lofto perspective of investment is totally wrong.

This would be like saying that all girls are good at saving money. What a lie! It’s wrong to believe that a woman has a different and better way to invest than man. This is totally stupid and wrong. Investment style has no gender, but style and perspective. Don’t you ever fall into LouAnn Lofto trap! Once again, investment is not a question of gender; it’s more one of a spirit, of knowing what you want, of wanted more for your money, of always wanted more.

I began my investment life slowly in 2005 by investing in GiCs. My very first investment was a 300$ GIC. Back in the time, I was in my young twenties. I never had any problem to save money and this being despite a very modest condition. 2005-2007 was my mutual funds period and from 2008 to present, my stock market period. Things got very great for me following the 2008 stock market. Last year, I got the good idea to fix myself the 100 000$ portfolio goal for my thirty birthday by using, of course the leverage that is expose in My debt section. Borrowing to invest had been so far one of the best decision of my life. Starting to invest in stock shortly before the stock market 2008 crash WAS the best decision ever.

Investment has nothing to do about a “girl way” that is looking to define LouAnn Lofto. It’s about personal motivation; it’s about wanted MORE and thinking BIG.

From my perspective, LouAnn Lofto is just looking to get media attention with her stupid book title. There’s a lot of stupid people out there, and LouAnn Lofto seem to be one of those kind of individuals.

I am now at 160 758.53$

Thanks to the federal tax credit and the Solidarity Tax Credit of Quebec province that I received on July 5, I am  now richer of 97$. And that’s not all. I got the good idea to update my investment portfolio tonight and oh surprise, I am now at 160 758.53$, and that being despite the fact that Data Group Income Fund (DGI.UN) had drop of 7.02% today. Thanks to a complete idiot of the name of Jeff Parent who had bad ranked Data Group Income Fund (DGI.UN), DGI.UN had drop of more than 7%. Jeff Parent is a so call technical stock analyst who worked for Quadrexx Asset Management. Unfortunately, DGI.UN is not among Jeff Parent stock picks.

Yes, it’s true Data Group Income Fund (DGI.UN) had always been difficult to hold. I once wrote about DGI.UN as being one of my troublemaker stocks for the reason that my initial investment never been able to gain value. Otherwise, the dividend had been paid without interruption on a monthly basis, which I enjoyed. Never in the past DGI.UN had drastically drop like this. Never. My investment in DGI.UN had remained relatively stable, but never gains in value. Personally, I don’t really take in consideration the review or grade of analysts of the type of Jeff Parent. They are just some little morons trying to make money out of the stock market on a way or the other. And their review takes part in the machine. To make investment decision, to decide to sell or buy, just by following the advice of stock analysts is WRONG. Why? Because those guys make a living by reviewing stocks. That’s why. So anyone trying to push the purchase or the selling of a stock should not be giving too much of attention.

Actually, no one deserves your attention. If not me. Now, you are aware at least. 

:0)

And please, enjoy this video, it’s another one of my famous YouTube videos! In this one, you’ll watch spectacular fireworks that took place following the concert of the B52s. And yes, I also have videos of the B52s on the way! Enjoy, my very smart readers...Stick and hold to your believe and f Jeff Parent!

My investment portfolio on date of July 5, 2011

Savings:
550.55$

Non registered Investments:
Stocks and Units investment portfolio CAN$
Sprott Inc. (SII): 7 976.40$
Timminco (TIM): 69$
Blue Note Mining (BNT): 32$
Bank of Nova Scotia (BNS): 6 163.20$
Hanwei Energy Services (HE): 69$
Methanex Corporation (MX): 3 175.49$
Fortis (FTS): 3 476.43$
Pembina Pipeline Corporation (PPL):
11 278.78$
Just Energy Group Inc. (JE): 9 514.34$
Pengrowth Energy Corporation (PGF): 2 717.79$
Enbridge Income Fund Holdings Inc. (ENF): 6 285.50$
Corby Distilleries Limited (CDL.A): 1 678.90$
Davis + Henderson Corporation (DH):
4 042.71$
Premium Brands Holdings Corporation (PBH):
6 743.75$
EnCana Corporation (ECA): 6 023.64$
iShares S&P/TSX Capped REIT Index (XRE): 2 306.92$
Horizons Gold Yield Fund (HGY.UN): 1 902$
Canfor Pulp Products Inc. (CFX): 1 885.98$
New Flyer Industries Inc. (NFI.UN): 1 666.54$
Capital Power Income L.P. (CPA.UN): 1 929$
Exchange Income Corporation (EIF): 6 581.60$
Rogers Sugar Inc. (RSI): 1 629.44$
Student Transportation (STB): 1 275$
Colabor Group Inc. (GCL): 1 974.72$
TMX Group Inc. (X): 4 358.15$
Data Group Income Fund (DGI.UN): 3 033.10$
K-Bro Linen Inc. (KBL): 2 144$
Westshore Terminals Invest Corp (WTE.UN): 4 726$
WesternOne Equity Income Fund (WEQ.UN): 2 527$
Atlantic Power Corp (ATP): 1 492$
Horizons BetaPro COMEX Silver Bear Plus ETF (HZD): 2 608$
First Majestic Silver Corp (FR): 1 895$

TOTAL: 113 181.38$

Stocks and Units investment portfolio $US:
Sprott Physical Silver Trust ET (PSLV): 2 541.83$
US cash: 4.12$

TOTAL: 2 545.95$US

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): 23.19$
Dumont Nickel Inc. (DNI): 790.63$
Sprott Physical Silver Trust UTS (PHS.U): 3 317.04$
Cash: 2.60$

TOTAL: 4 133.46$

RSP investment portfolio:
Sprott Canadian Equity Fund: 6 877.76$
Claymore Gold Bullion ETF (CGL): 4 603.56$
EnCana Corporation (ECA): 2 982$
Emera Incorporated (EMA): 6 734.70$
Sprott Physical Silver Trust UTS (PHS.U): 1 105.68$
Cash: 72.24$

CIBC Dividend Growth Fund: 578.52$
CIBC Emerging Markets Index Fund: 402.31$
CIBC Monthly Income Fund: 1 034.66$

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

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

Maritime Life International Equity Fund
(Templeton): 671.90$
Manulife Simplicity Growth Portfolio: 921.58$
Maritime Life CI Harbour Seg Fund: 1 110.54$
Maritime Life Fidelity True North Seg Fund:
1 061.51$
Manulife GIF MLIA B World Invest: 671.29$

Great-West – various: 1 834.72$

RBC Canadian Dividend Fund: 575.33$
RBC U.S. Mid-Cap Equity Fund C$: 2 100.36$
RBC Global Resources Fund: 1 189$
RBC O'Shaughnessy International Equity Fund: 691.15$
RBC O'Shaughnessy All-Canadian Equity
Fund: 1 240.18$
RBC Global Precious Metals Fund: 948.28$

TOTAL: 40 164.64$

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

Savings + Stocks, units, mutual funds + Tax-
free Savings account + RRSP + Online Income
(142.55$):
160 758.53$

Duke and Duchess of Cambridge, William & Kate protesters, Montreal, July 2, 2011

I kept the best for the last! The protesters! Who were they? Some pretty dumb Quebeckers decided to protest against the monarchy, without understanding that us, Canadians, earn our place because of England, first of all. Look closely at those poor people. Those individuals are the shame of the Canadian nation.

English translation would be: monarchy, no one had vote for that. Pretty stupid. We did not vote for monarchy, but monarchy its part of the Canadian heritage. you don't like monarchy? Well, separate Quebec, do what you had failed to do for decades now, your piece of shit!

This black flag is the official flag of the Réseau de Résistance du Québécois (RRQ), which could roughly be translated by Resistance Network for Quebeckers... It's an extremist group who protest for Quebec to become a country. Gees, they spend decades trying, without being successful. Quebec needs to learn with its failure. But they didn't learn anything yet. Fools are fools and will never change. If you are living outside Quebec province but are willing to move to Quebec for studies or work, well, I am a good advice giver and carer and my best advice to you would be: STAY AWAY. Go through this blog, you'll see how awful Quebeckers had been to me and I plan to post something very more detail, a condensate of all those experiences with Quebec. Ok, I can hear you, what are you waiting to leave? Well, its a matter of demography and job status of where I am coming from in New Brunswick. I am not from a very poor town, but it's not that rich either. That's basically why I am working at building myself a strong portfolio so one day I will be able to leave and I won't have to care about having a job or not. Until that time or until the time I can relocate and find a job someplace else I will be right here on the Dividend Girl, bitching about the enemies. Always remember, never forgive, never forget. The enemies are from inside the country, they are the Quebeckers.

Peace and God save the Queen, prayers for William & Kate.

Oh, and this is a video I took. This is the departure of William and Kate. I tried my best to cover the BOUs by my YEAHs... you'll here me in here, that's my voice! I am an ex-clarinet player, I scream very very loud. Listen to hear the voice of the Dividend Girl...

Also, I have another video on it's way, it's following William and Kate departure and it's very cool, but a bit long and it take forever to download the videos on youTube... but, that video will probably be post tomorrow! Stay tune!

Duke and Duchess of Cambridge, William & Kate press, Montreal, July 2, 2011

I am not done yet with my pictures of the Montreal Royal Tour event! Many journalists and press were there. Here are the pictures!