Monday, June 24, 2013

You Never know !!!

I recently left a job over something stupid that I did. Never knew how good I had it until I am no longer working there.

Am I going to be OK? Yes because I have an adequate funded emergency fund. This is because I delayed gratification by saving and investing money rather then having a car or buying things expensive clothes. Having an adequate funded emergency fund allows me to sleep at night. You never know when an emergency is going to happen whether voluntarily or involuntary. This doesn't negate the fact I made a mistake leaving my job.

What would happen if I didn't have an adequate funded emergency fund. I would have no way to pay rent or pay for food. Since I left the job, after 2 weeks notice, I do not get Employment Insurance as I left the job on my own.

The moral of this is that don't jump to quick and to something you will regret later. I am glad I have an adequate funded emergency fund.

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

Friday, June 7, 2013

Averaging down!!!!

          Do to the recent correction, I decided to average down on my trade in my margin account for Dundee REIT.  I decided to average down the cost per share was around $2.45 less than what I originally paid.  On June 6, I purchased 50 shares of Dundee REIT  @32.95 for a total of 1652.45 including commissions.

           So I now owe 120 shares of Dundee REIT with an ACB of $34.46. The yield on cost is 6.50%.  As this REIT pays monthly, I will get paid $22.40 monthly while I wait for my exit point. 

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk



Tuesday, June 4, 2013

Dividend Income May 2013

May 2013 has come and gone. During the month, passive income through dividends having been paid to me.
The total for this month is  $180.83

Every month I continue to add capital to my savings and investing accounts. I also DRIP some stocks to "average down" a few investments to lower my yield on cost. I would like to add more stable blue stocks to more portfolio that pay a decent yield.


I will update my dividend tab with the above total.

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk