The Father of the TFSA died today. RIP Jim Flaherty and thank you for the tax free dividend cash

We all knew the man was sicked - I even suspected him to be alcoholic when he was alive. Just a few weeks after he retired, Jim Flaherty died at home from a heart attack. It would had been great to watch his career in the private sector, but unfortunately, the father of the TFSA is no longer with us. Its been said that  he had children. My mom and dad are about the same age, and I wouldn't like to lose them so soon in life.

I had been quite busy since last week as I am trying to put more efforts on my freelancing activities. Its going on well and I could make 1k - $1 500 just my working part-time. Once job I had 2 years ago was suddenly cut off, but it started over again lately. Its rough to get back in the routine because a lot had changed. I have one project completed... so I slowly moving on. 

Even if I got a raised of more than $6 000 at work (yeah, yeah, you are reading correctly), I prefer to have something on the side because I don't trust my employer. See, my student loan will soon be paid off. After that, only my margin account will remain. I have a margin debt of $70 000. If I can save $30 000 a year or about, my margin could be paid in less than 3 years... And that's possible now because of my current raised and self-employed work. When figuring that out, I was quite impress. I could actually save enough to retire by 40. Maybe. And if now, I will have my dividend and self-employed to make my living.

You could imagined that I have a super job because I got a raised, but co-workers can be very fresh, just like the superiors. They are Quebeckers, so I barely talked to them, the strict minimum, a little talk, just what is needed. Its not a pleasure to be living in Quebec province, especially now that the Liberal Party had been elected. I don't know what the hell Quebeckers were thinking, but gees, this is getting grotesque. Just watch Quebec province flying sky high into debt. This is just another proof of how stupid the Quebec mass is. Some had forget that Liberal are all about bullshit. Short term memory, I guess. I mean really, everything I write about Quebec is true and of a very honest opinion. I am giving the view of an insider who's heart is outside Quebec and belong somewhere else. I cannot stand the level of selfishness. I cannot stand their lies.

Quebec can be what it is, sometimes, good thing pop up from the shit. Like Jean-François Tardif, for example. Celine Dion, if you like her. But here, at The Dividend Girl blog, we are about money. And I have find what could be my next pot of gold. And the pot of gold is right here in Montreal! In shit town. Exciting, ohhh yeah! 

The extraordinary thing is name: Lumenpulse Inc. Its an extreme interesting company - I will let you do your search. Once of its competitor in the US, Philips, currently trade at $35 per share. The thing is that Lumenpulse is about to pop up from the initial public offering on April 15. Unfortunately the IPO is not available at TD Waterhouse. Lumenpulse is starting at $16. I think this company had good chances to grow in its sector. The CEO is super interesting, kind of the like of Jean-François Tardif, very smart, could afford retiring because he's already millionaire, but won't because he want to see his business grow. And why seeking for retirement when you can be the king of the world? At least, Jean-François Tardif is MY king. But I guess you all knew that from now, unless you are not really reading or are blind from an eye, left or right.

Goodbye, little Shopper Drug Mart (SC) shares...

Today, most of my Shopper Drug Mart had been sale and I also received a few Loblaws shares. In result, my non-registered portfolio is at $133 897.78. My margin usage is down to $70 937 and I have a margin left-over of $6 896.44.

Shoppers Drug Mart Corp. (SC) no longer trade on the TSX

This is getting exciting! Its official, Shoppers Drug Mart Corp. (SC) no longer trade on the stock market. My SC shares are frozen, and I cannot wait to received the maximum cash possible. Now that SC shares are frozen in ice, its just a matter of a few days before I get my $$$.

My non-registered portfolio is at a great $136 408.12 value right now. Once my SC shares will be sale off, my portfolio value will be lower, unfortunately. If I am lucky enough I could used a 2k of the sale to pay off my student loan but it will depend of my margin.

Wanna make money on the stock market? JFT Strategies Fund (JFS.UN) is a good option

Good dividend earnings in March with more than $500 in earnings. My non-registered portfolio close today session at $135 958, which is quite good. Lately, stocks like Black Diamond Group Ltd (BDI), Stella Jones Inc. (SJ) and Pembina Pipeline Corporation (PPL), among other. Even my Just Energy is going up up up so things are pretty hot. And Enbridge Inc. (ENB) is what we could consider a hot stock right now according to Rob Carrick. But before Rob Carrick, someone else taught about Enbridge Inc. (ENB) as good investment: Derek Foster! :) Smart investors who had followed Derek Foster from the start are really rich now.

With my upcoming paycheck, I will have 2k at my disposal. My tax declaration cost me $70 to be done. After what I probably going to have to pay max 1k extra in taxes. I would be surprise if it will be more. I have a 1k at my disposal. But to do what? I already have a good collection of stocks, I hold the best (yes!) :including JFT Strategies Fund (JFS.UN) of the love Jean-François Tardif. I check on the man - only on Google unfortunately - once in a while and in my latest search, the latest news about Tardif was a BNN interview, back in December 2013 I think. And at that time, he was saying that the US was the place to be - no matter if the market goes up or down. Well done, because nothing seem to beat the US. 

JFT Strategies Fund (JFS.UN) started with a slow grow, but I think the fund had proven now to be quite stable in value and grow, which is quite something. Other funds like the Sprott Canadian Equity Fund are only  good to make you lose money.

Derek Foster is almost 100% invested in the US market, smart guy, I could picks from his US picks and tadam, no problem, hello nice and easy cashhhhhhhh, marvelous cash. With only 1k, the dividend income wouldn't be much in the immediate so I have a better plan.

The balance of my student loan is of $3 634.25 and the monthly payment is of $98. I am much more interested in paying down my student loan to finally get rid of that monthly payment. I had paid off my credit lines, credit cards... I currently have no monthly payments to make if not my student loan and rent. Its getting interesting to pay off my student loan for that reason. After what, I could easily live on $1 200 per month, and I could push it down to the $920 per month. That could become true in 2 months from now (June)... So why not? Its the main reason why I am so interested in paying off my student loan now.

Ready to say good-bye to my Shoppers Drug Mart shares. Go go go!

The Shoppers Drug Mart acquisition by Loblaws was supposed to go through on - was it March 27 or something like it??? - but I still have all of my Shoppers shares right in my portfolio and its quite boring. So I am currently waiting and still waiting. I had been waiting for a really long time now, so I hope to deal will move on so I can lower the usage of my margin and I will try to stay that way.

I had been busy lately. A old part-time gig I used to have 2 years ago is about to get back to live and I could make good cash. And I will need it because this past Saturday, I went to do my tax declaration and its going to cost me $70 right there, not to include what I will need to pay extra in taxes, I am getting ready to pay an extra $800. It will be ready in 2 weeks. And in 2 weeks I will get another paycheck. Money is flying away but its not a bad thing.  

Stay tune to find out if I will get my cash from Shoppers Drug Mart - not time to write more unfortunately.

Shoppers Drug Mart acquisition by Loblaws to be completed to March 28th

It took a very long time, but it will finally happen. The Competitive Bureau approved Shoppes Drug Mart acquisition by Loblaws. I had picked the maximum of cash option way back, and I hope to get a few thousands in cash - maybe 3 if I am lucky - and only, please, a few Loblaws share. This remind me of the TSX acquisition deal. At the time, I had picked a maximum cash option too, and I was left with only a few TMX shares - which I don't mind holding now. Those shares are there to remind me of the shit deal - bankers holding on to the end to the Canadian stock market. And now, after selling the TSX to bankers, Thomas Kloet, certainly all proud of his accomplishments, is now calling for retirement. Happy retirement, loser! Bye bye, go retire to North Korea Thomas Kloet please, where you really belong.

I wouldn't mind to hold a few Loblaws shares - there will be no more SC shares when this come to real. This move will help me to lower the usage of my margin. I am currently at $72 687.86 on my margin. It would be nice to get it lower eventually. But with a margin at of more 70k, I have a long way to go before it get paid off. However, it never been a preoccupation of mine. What I do care is to keep my margin under control. Currently, I only have left 5k of unused money margin. Its not a lot. To keep things nicely secure, I need to inject 5k - and 10k would be actually much better to keep my margin secure and safer. But 10k is quite an amount, you understand, so I have fix myself to only 6k.

I own less than 4k on my student loan and its a complete shame not to pay it off. So here is the deal, I only need $9 634 to inject 6k on my margin and $3 634 to pay off my student loan. With 9 months left to go for 2014, I can do both of those things with $1 070.44 per month. So now you know what will happen for the next 9 months. I could deliver a baby in the next 9 months if I get pregnant like NOW. That's not going to happen anytime soon. I wish to get pregnant in my forties only, when all of my sexy youth be wild done and I guess that at that time, I will have nothing better to do than changing diapers, doing laundry, and cleaning, cooking and so on and on. Later please, only later and even never, I wouldn't mind.

I used to have some cash lying in my bank account - years ago. I only keep the minimum required in there now. I may be able to find a 2k to remain in my banking account so I can be just like in the old days and that way I won't have any banking fees. I don't have any cash and before putting any more money down to my student loan or margin, I would very much keep a 1k for each of my 2 banking accounts - that would make 2k.

Following what, a 6k payment on my margin and the repayment of my student loan...

2014 = painful year

 

     

Welcoming Spring, Investors!

Spring! Winter had been very long this year. Usually, winter in Montreal is not so bad but this year, it was like if the New Brunswick winter was in Montreal. I never went to a so cold winter in Montreal, it was quite surprising. Other than that, 2014 had been great so far. I paid off a credit line, credit cards and as you know, I only now have left my margin and student loan to pay off as debt. 

With only left $3 638.07 in student loan, paying it off is my next priority. However, before making any more extra payment on debt or whatever, I need to do my tax declaration for 2013. I certainly earn $50k this year + because I work all year long. I think I will have something like 1k or around to pay extra in taxes, and also, I probably going to have a few days of vacation for Easter in New Brunswick. 

I listen a bit to the Leaders Debate for Quebec next Prime. Nothing too much exciting. Quebeckers are paying millions for this election and the result will probably going to be the same. I don't think Liberals are strong enough to win. No Party have what it take. Legault, Couillard, Marois, David are not very interesting. And I don't find Quebec interests very interesting anyway. They are very fool selfish people and I do not belong here. Stucking in the money and one day I will be out of here.

Oh lala, I am a star

Check this out.

House owning is for suckers

My grandmother is 91 years old and lately, it appear that she could no longer digest food. She couldn't keep in her stomach the normal portion of food that she normally eat for a meal. And as a result, she went to the hospital (in New Brunswick, of course, - she wouldn't be alive today if she would had been hospitalized somewhere in Quebec province!!), stayed there a couple of days, went better, was sent back home. Once back home, it started again. And at that time, I prayed for her and after a while, she has doing better and began to eat normal food again.

In Quebec, they have a Catholic show name Les Victoires de l'amour ??? or something like it. And yesterday, there was that girl in a wheelchair, saying that she was spiritual, but didn't believe in the Bible. And once again, I taught: those poor little f Quebeckers. They don't go to church, they don't believe in the Bible and they thing that God will help them anyway among the way? Forget about it. Deal with your own salvation. God won't answer.

There's nothing much more stupid than Quebeckers, that's for sure, and I have new proof of that day after day after day....

House owners are suckers and I am a suckers myself for working full-time in Quebec province, for stealing jobs to Quebeckers and for hating Quebeckers so damn much. And God is giving anything I want. So call money, so call b*itch. Is it really how its working? Oh yeah. After giving birth to many babies, a woman of 91 years old deserve to go in the last years of her life without too much pain.

Finally, Derek Foster got a few hours off from changing diapers and everything else to FINALLY write a nice letter to all of his readers and that including of course the famous me. Personally, I never dream of owning my own place. And that being for many reasons. 

In a place like New Brunswick, you can buy a very nice house for $150 000 and even less. Sound great at first but in New Brunswick, you got to clean the roof of the house a couple times in the winter. And if only it was the one and only expense... Taxes, which usually go up every year or so can hit a tight budget. When you become a home owner, you become a slave of the system. Once the tax go up, you have no choice, you have to pay more. you cannot battle that in any ways.

And once you want to sell, consider yourself lucky to sell at the initial price pay. I am not a believer of house owning to create richness. That is pretty much all bullshit. Mortgages are there so banks can make money and pay their CEOs millions and millions of dollars. The mortgage system is not there to help the middle class to make money. Its much more of a trap that can easily ruin your financial future. 

Its much more better to invest, make a 7k income or even more in dividend and have money to pay off yourself and your living expenses rather than bank and the corruptible financial system we live in here in Canada. Because if you lose your job, trust me, its not the bank who is managing your mortgage that will help you find a new job. No situation is secure. And that, Derek Foster is not saying a word of how much a house can diminished you financially. Derek Foster, now father of many  babies, has lost in intensity among the way.

You can compare a mortgage to the situation of my brother with his student loan. Student loan required close to $500 per month to my brother. That's what I call money sucking. The student loan suck $500 or close to my brother every and single months, and a mortgage, its even more, non stop for 25-30 years. Money sucking mean that it take money out from you, money that could be use to for much better things.

Money rule the world, but it doesn't have to control your every moves. Home owning is time and money sucking.

And yes, it was the post of the day!

My debt situation on date of March 17, 2014

$72 759.68 at 4.25% (margin money coming from my broker account): = 
$3 092.29 in annual interest

$3 638.07 at low interest rate loan at 5.50% (student loan) = $200.09 in annual interest

TOTAL: $76 397.75

TOTAL in annual interest: $3 292.38

[In date of March 17, 2014]