I have a brand new credit card: CIBC Dividend Visa Infinite Card

Its now been a week since I left behind Cayo Coco sun, nice sweat beaches, and my favorite drinks: pina colada, mojito, margarita, Spanish coffees and not to forget good looking Cuban guys. I am slowly surviving, but my whole body is screaming its hate of winter by giving really bad dry skin. As for alcohol, I don't have problem to stop drinking overnight, even if I am quite something on vacation. Just stay tune for my review of Melia Jardines Del Rey, which I should post soon.

 

My newest saving goal could give me a break from my eternal search for good investments, but I am quickly seeking for stocks on Stockopedia anyway and its fun as always. Nothing new catch my attention so far. I guess its because my portfolio is pretty much at the best I could possibly pushed it. Right now, I am only praying for relatively stable stock market that will keep me away from any in deep problems.

Currently, my non-registered portfolio is at $148 026.17 and my TFSA portfolio is at $57 713.66. Great results, but party will be on when my non-registered will be at 150k and my TFSA at 60k. 

A few days before leaving for Cayo Coco at the Melia Jardines Del Rey, I checked on a few credit cards that I wanted to bring with me just in case of emergencies. I have a credit line with RBC Royal Bank and I wanted my RBC debit card to be link to the credit line so I could withdraw money in case of need but guess what, that wasn't possible with RBC Royal Bank. I mean, that's stupid! RBC missed an opportunity to make money on my back!!! What kind of bank is that???

Anyway, its not the first time that I am getting pushed away by RBC. Don't want of me? No worries boys, I will go somewhere else! 

But no worries, I quickly turned around and look over with CIBC. What a better service! CIBC offer to treat me like the princess that I really am and increased my credit card limit - YEAH - and link the credit line to my debit card - thank you CIBC. My credit line needed to be reactivated because I never used it. It took 24 hours before getting reactivated. And just to push over the love a bit more, CIBC gave me the CIBC Dividend Visa Infinite Card without any fees, at least for one year. 

The CIBC Dividend Visa Infinite Card is interesting. It gave away a nice cash back of 4% on groceries, 2% cash back on Tim Hortons and TELUS purchases and 1% cash back on everything else. With my spending habits, I am expecting to cash back around $350 annually if not a bit more.

Thank you CIBC.

On the road to financial success with Open Text Corporation (OTC)

I may be on a starvation mode, desperately trying to build up a small emergency fund, but no matter what, I have all eyes on the stock market and my stock portfolio. And currently, Open Text Corporation (OTC) have all my attention. I invested in OTC back in September 2016. I wasn't able to hit on very good profit with OTC right away. Sometimes, patience is key.

I wrote before on the fact that I really like stock split. The general rule - but its not always the case - is when a stock split, the stock generally gain in value. Open Text Corporation (OTC) split had refreshed and regenerate the spirit of the stock. OTC finally hit on a + value and that mean more cash for me.

Lately, Saputo Inc. (SAP) is also in my radar. I like SAP because its dairy activities are diversified within multiple companies and also in different countries, Argentina and Australia, and not to forget here in Canada. Its just a matter of time before SAP get it hands on the missing Australia's Warrnambool Cheese and Butter shares. Its been a tough road but here again, patience is key. And again, plenty of cash for your favorite blogger.

Money is everything.

Working at building a boring, but so needed, emergency fund

A cash portfolio is what I have in mind these days. I am not a fan of "emergency fund", its why I am using the term "cash portfolio". Why should you put away some cash without investing it??? Well, because life is all about money. It take money to pay for rent and everything else right. In the past recent years, I never been able to actually build a a decent "emergency fund". I am 100% invested and I never been ashamed of it. I love to invest, I like the stock market. My obsession is always to find a new sexy stock to invest in. I want my money to work for me. All good, all good. I have a net work of now close to $190 000 and I came to the conclusion that time had come for me to put some cash aside.

Its hilarious in a way, to have a 190k net worth, but nothing in cash. Its actually not hilarious, its the demonstration of my disease, of my investing addiction. I unfortunately don't suffer from stock market anxiety in my everyday life. I can easily go for a week without any access to my broker account and stock market news and it don't hurt my spirit. I am in for the wild ride if you see what I mean. And you'll be all surprise to learn that I actually begin to build up a boring cash emergency fund. Luckily, not being a sexy momma is helping because I have no one to care of except my own self. I had set up my minimum monthly cash need to $1 250.

A decent emergency fund should include the minimum required to live on for 6 to 12 months. And actually, the more cash you have, the better you are. Cash is very important. And the term "cash portfolio" should remain in your mind. Because cash is needed in any portfolio, including mine - and especially mine.

Ok, so $1 250 for 6 months = what, you mean I need to put $7 500 in cash OUTSIDE the stock market???

NIGHTMARE.

lol!

I am a bit a cheater but I am a good cheater because I always tell my favorite readers. 

Don't forget my dividend income! (Because there's no way I can possibly keep $7 500 out of the market). Currently, my annual dividend income is of $6 932.32, a rough equivalent of $577 per month.

This lead to our conclusion:

$7 500 - ($577 x 6) = $4 038

To build a 6 months emergency fund, I need to put away, far way out of reach, $4 038 in my banking account.

See, smart girls are full of tricks.

 I will be done building the stupid emergency fund at the of March (of this year of course). I JUST CAN'T WAIT.

Enough of Muslims in Canada: will Justin Trudeau wake up?

I came back Friday from a one week vacation spent at Melia Jardines Del Rey located in Cayo Coco in Cuba. I had a good time. I will post my review about the Melia Jardines Del Rey later on. I won't forget to post pictures, I promise! But quickly, I can say that for a one week stay, we could only book 3 restaurants - but it was a common thing to see Quebeckers coming in without any reservation, gave cash money to the server to come in and eat meal that they were not entitle to. Totally disgusting Quebec shit at its best.

While I was facing a wonderful time, some people in New Brunswick had a real hard time. Some 28 000 residents still don't have electricity. Its very horrible. I put my mom in Montreal bus yesterday evening. When I hit back on, I was watching TV and I learned about the Quebec mosque shooting. Its a very sad even, I am not in favor of terrorism acts or murderer most of the time - the only time that I was "ok" with a murderer act was when the Charlie Hebdo event happen - anyone who draw the Virgin Mary with the legs wild open truly deserve to die and I won't ever tolerate any disloyal act against my religion. I am not in favor of opening our borders to Muslim. I am not in favor of welcoming Muslims in our country. This is a choice that had made the federal government and not the Canadians themselves. Don't ever believe that Muslim countries tolerate the invasion of other religions in their lands. So why should we act the opposite way and accept foreign religions to find roots in our blessed land? So we became as fuck as they are in their home country?

Let me make myself clear, I am not against immigration, I am in favor of good common sense. See, in Canada, we don't have a legislation that is strong enough to protect the interests of Canadians. An employer can decide of who he or she will hire. There's no law to govern employment. First, jobs must and should fill by Canadians and only if there's a need, than, an immigrant can come fill out an empty place. Its terribly hard for young Canadians and older to to find employment. Even at my workplace, they're many immigrants and many of them are not residents or not even Canadians. Those immigrants occupy jobs that could easily be fill by Canadians, even temporary jobs. But the employer doesn't care. Its all about money and nothing else. Hiring is done all over the place and without any judgment. And generally speaking, Quebec mass absolutely have no common sense or either good judgement.

And think seriously for a second. What happen Sunday, January 29 is very sad, but fact is, all terrorist offenses that happen in Quebec territory so far had been done by... Quebeckers. Quebec is a very sick society and the disease show up from time to time taking the form of corruption, crimes and terrorist actions.

As a good Quebecker, Justin Trudeau doesn't care either about the interests of Canadians. He's giving a good speech now, saying that Canada is willing to accommodate immigrants, no matter what their religion is. But what about us? Can we make sure that all Canadians willing to work can actually occupy a full-time job in their field?

We shouldn't have to worry about those kind of things but because our leader is incompetent, we have too. Muslim is just another problem that we have to deal with on top of everything else. Its a shame.

No one care. Justin Trudeau should work at making Canada great again.

My first contribution in kind of the year... 2017

This past Friday, I proceed with my first TFSA contribution in kind of 2017. I took the shares of Park Lawn Corporation (PLC) and Andrew Peller Limited (ADW.A) that I was holding inside my non-registered account and have them transferred. I already had some ADW.A stocks in my TFSA, so it was "kind" of logic to have all ADW.A shares standing together in the same spot. With all those changes, my non-registered portfolio closed today session at $145 547.78.

I got stuck in a messy situation today. I received a call from my bank saying that my rent check didn't have enough fund... I totally forgot about my rent. I had proceed with a money transfer to my margin a couple days ago and I was real excitement because the amount was closed to 3k. Today incident make me think that this time is the good one.

This kind of things happen when you have no money at the bank. Its great to have a net worth of very close to $190 000, but it would be nice to have a couple thousands to show off and no more bank call please and no more stupid money problem.

Its time to proceed with new TFSA contribution in kind investments!

January is a great month for Canadian investors because it allow us to make a new contribution to our TFSA accounts. Investments made inside a TFSA are FREE OF TAXES. Which mean that the capital gain AND dividend earn inside a TFSA account are not tax, and will never be. For 2017, the TFSA contribution limit is of $5 500. Knowing how much I am pack of stocks inside my non-registered portfolio, no need to have new cash available to invest in my TFSA. 

What I like to do from time to time is call contribution in kind to my TFSA. A contribution in kind is when you take an investment from a non-registered account and transfer it to the TFSA. While doing so, when a stock is involved, the broker will ask if you want to invest at the lowest or highest value of the day. I never totally understand that question because at the end of the day, the stock price is fix. Anyway, proceeding with a contribution in kind is the easiest way to contribute to the TFSA when no fresh cash is available.

While doing a contribution in kind, there's a couple of things you need to watch out. The following is basically the TFSA contribution in kind "bible", so please enjoy and read carefully.

-Before proceeding with any contribution in kind, make sure you have contribution room left. If you exceed the amount you have left in contribution room for the TFSA, you'll pay very hard for your mistake. Its going to cost you money. You'll be very badly penalize, and you don't want that to happen because you are too sexy smart for that!

-If, inside the non-registered portfolio, if you have a margin account, you need to watch out carefully the loan value of the investment you think about switching over to the TFSA before doing the famous move. Because once the move is completed, your loan value left on the margin will drop. Personally, I try to only pick non-registered stock that have a low loan value.

-I like to pick non-registered stocks that are dividend payers.

-While proceeding with the contribution in kind over the phone with your broker to the curious question lower or highest level, I suggest to always ask for the lower value, that way, you'll have more room left to make even more investment inside the TFSA!!!

The TSX begins the year in fire and so does Donald Trump

So far, 2017 start the right way. And its very strange because whenever I don't feel it right, the market react very often exactly on the opposite way. If the stock market would be a male, we wouldn't be sexually compatible. I would be left without a lover. Like not at all. On a more serious note, Donald Trump is in my opinion playing with fire and is provoking the leader of North Korea by publicly declaring that North Korea doesn't have the technology it take for their nuclear weapons to reach the US. It take a very incompetent leader to declare such thing. And it scare me to death because its now official like it never been before; Donald Trump is going to drive us crazy!! Its like a Third World War is on the making. Maybe North Korea won't be able to reach the US, but it could hit on South Korea or Japan.

For people of my generation, grandfathers, grandmothers lived the Second Word War. Our parents lived under Korean and Vietnam war, and now, what is coming up for people of my generation could be much worst. We could believe that after so many loses their lives and that we still carry  Syria is already devastated. It could take not that much to provoke a world conflict under Trump.

During the US election, I was mostly in favor of Donald Trump because I just couldn't stand the Clinton. And I taught that Donald Trump would had calmed down once he had the power in hand. Now Trump just keep pushing his luck and if he continues, he could provoked unprecedented conflicts. And he could even get killed.

What is wrong with Donald Trump?

Happy New Year 2017 Investors!

I happily welcome the year 2017. 2016 had been quite major for me. I am praying for a good 2017. 2016 mark my 10 year blog anniversary. After 10 years, its unfortunate, I begin to have quite an history of my own and I am slowly but certainly getting older even if age haven't broke in my skin yet. This being said, 2016 had been the year of the almost $200 000 net worth. I closed the year sitting on a pot of gold of $184 074.35.

In 2016, I realized how bad I can be as an investor - but not in every way. Whenever I try to play a quick buy-and-sell game to make money fast on the market, most of the time, it won't work. It was the case with SWY and my US gun stock SWHC. I cannot be good at everything. Since I began to invest in stock in 2008, my goal was to build a portfolio for the long run, with many many stocks that could take place as beautiful diamonds. This make 9 very long years of investing for the long run, its where my instinct work at its best. I don't make the greatest choices when I picked for the sort term, so I decided to flush on the short term right now and only have the long term in my mind for my 2017 investment brand new fresh year. 

Think about this. In a flash, back in 2014, my net worth was at $101 172.99. 2 years later in grow up to $184 074.35. I haven't invest much in 2016. I expect 2017 to be about the same in term of new investments for many reasons. Two of them would be to leave some money in my bank account for once and try to reduce my usage of margin. But even before paying down my margin, I would be very happy just to have a couple thousands in the bank.

My investment portfolio on date of December 30, 2016

Non registered Investments:
Stocks and Units investment portfolio $CAN
Timminco (TIMNF): $0.27
Bank of Nova Scotia (BNS): $8 672.16
Blue Note Mining Inc. (BLNMF): $0.01
Methanex Corporation (MX): $6 065.67
Fortis Inc. (FTS): $4 767.90
Pembina Pipeline Corporation (PPL): $20 854.12
Just Energy Group Inc. (JE): $6 628.02
Enbridge Income Fund Holdings Inc. (ENF): $12 482.43
Corby Distilleries Limited (CSW.A): $2 766.44
Premium Brands Holdings Corporation (PBH): $31 859.52
iShares S&P/TSX Capped REIT Index (XRE): $2 464
New Flyer Industries Inc. (NFI): $4 410.72
TMX Group Inc. (X): $572.16
K-Bro Linen Inc. (KBL): $4 215
WesternOne Inc. (WEQ): $14
TransCanada Corp (TRP): $1 513.50
Canadian National Railway Co (CNR): $8 132.40
Enbridge Inc. (ENB): $1 582
Agrium Inc. (AGU): $6 208.16
Canadian Utilities Limited (CU): $1 519.98
Black Diamond Group Ltd (BDI): $113
Emera Inc. (EMA): $1 134.75
Cineplex Inc. (CGX): $1 280.50
BCE Inc. (BCE): $1 276.66
Stella Jones Inc. (SJ): $871.60
Saputo Inc. (SAP): $1 900.40
Lassonde Inc. (LAS.A): $2 230.10
Loblaw Companies (L): $850.08
Savaria Corporation (SIS): $5 456.74
Stornoway Diamond (SWY): $1 685
Open Text Corporation (OTC): $1 658.40
Andrew Peller Limited (ADW.A): $1 755
Canadian Imperial Bank Of Commerce (CM): $3 286.80
Park Lawn Corporation (PLC): $943.80

TOTAL: $149 171.29

Stocks and Units investment portfolio $US:
Berkshire Hathaway Inc. (BRK.B): $1 303.84
(SWHC): $1 475.60
Cash: $163.68

TOTAL: $3 951.73 CAN

Tax-free savings account (TFSA):
EnerCare Inc. (ECI): $53.52
Dumont Nickel Inc. (DNI): $14.35
RioCan Real Estate Investment Trust (REI.UN): $932.05
AltaGas Ltd (ALA): $1 017
CT Real Estate Investment Trust (CRT.UN): $1 500
Canadian National Railway Co (CNR): $3 614.40
Exchange Income Corporation (EIF): $9 894.75
Firm Capital Mortgage Investment Corporation (FC): $550.40
Brookfield Infrastructure Partners L.P. (BIP.UN): $3 009.64
Brookfield Renewable Energy Partners L.P. (BEP.UN): $1 195.50
Laurentian Bank of Canada (LB):$1 154.60
The North West Company Inc. (NWC): $1 376
Andrew Peller Limited (ADW.A): $2 211.30
Barrick Gold Corporation (ABX): $859.60
Canadian Imperial Bank Of Commerce (CM): $1 643.40
Hydro One Limited (H): $2 381.58
Toronto-Dominion Bank (TD): $1 324.40
Boyd Group Income Fund (BYD.UN): $2 566.80
Canadian Apartment Properties Real Estate Investment Trust (CAR.UN): $2 195.90
Keg Royalties Income Fund (The) (KEG.UN): $1 477
Data Communications Mgmt (DCM): $12.66
Westshore Terminals Invest Corp (WTE): $5 540.46
Morneau Shepell Inc. (MSI): $1 727.10
Royal Bank of Canada (RY): $3 634.80
Morguard North American Residential Real Estate Investment Trust (MRG.UN): $2 043
Parkland Fuel Corp (PKI): $1 800.32
Stornoway Diamond (SWY): $1 830

Cash: $111.19

TOTAL: $55 671.72

RSP investment portfolio:
Emera Incorporated (EMA): $11 571.90
EnCana Corporation (ECA): $1 702.08
Toronto-Dominion Bank (TD): $1 986.30
Barrick Gold Corp (ABX): $1 073.50
Stella Jones Inc. (SJ): $4 349
Telus Corp (T): $2 133
Alimentation Couche-Tard Inc. (ATD.B): $486.56
Royal Bank of Canada (RY): $1 817.40
Savaria Corporation (SIS): $2 182.86
Thomson Reuters Corporation (TRI): $2 348
Park Lawn Corporation (PLC): $3 126
Richards Packaging Income Fund (RPI.UN): $811.80
Cash: $287.38                                       

CIBC Dividend Growth Fund: $779.40
CIBC Emerging Markets Index Fund: $464.01
CIBC Monthly Income Fund: $1 330.16

Energy and Base Metals Term Savings (Indexed term savings): $577.30
Natural Resources Term Savings (Indexed term savings): $502.45

GIC National Bank: $1 312.89                                  

Manulife Fidelity NorthStar GIF CAP B: $1 588.97
Manulife Simplicity Growth Portfolio: $1 248.31
Maritime Life CI Harbour Seg Fund: $1 182.72
Maritime Life Fidelity True North Seg Fund: $1 234.75
Manulife GIF MLIA B World Invest: $1 020

Other various: $8 253.07

TOTAL: $53 369.81

Social Capital at Desjardins Membership share: $35
Pending online income: $93.80
Savings + Stocks, units, mutual funds + Tax-free Savings account + RRSP:

$262 293.35

My debt situation on date of December 30, 2016

$78 219 at 4.25% = $3 324.31 in annual interest