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Having eliminated the TDLC debt, now it's time to tackle the big one.

Feels good to be below $80k on it, which I have not done since Oct 2007.

What I discovered:
- old rent receipt
- old Tony Robbins tapes
- old business cards of old businesses
- old pen cap that I lost 3 months ago
- old coins
- rusted phone charger
- fast food crumbs (yuck)

Feels good to get clean after over a year driving the beast!

Here's the graph now..



Pretty proud of myself right now.

I don't think the spammers have been eradicated yet, but at least I have not followed them back.

Nice to get 1 percent per month, rather than per YEAR!

Great capital gain in less than a month, too!

JE.UN will announce results on Thursday August 6th at 4pm.

I already have made email communication with their CFO regarding their mark to market accounting and got a response after 2 tries.

For sure I'll listen in!

Formerly, the family balance sheet was the priority.

While it is being maintained, I created a new start page, focused on Cash Flow. This encourages:

- focus on income sources
- attention to expenses
- allocation of net Cash Flow, such as Savings and Investing

Now the savings for my kid's college fund has been fully joined by the CESG.

We are on track to fully providing for 4 years of college by the time she's 18.

Been a while since regularly reducing this LC debt. Feels good to knock it down a tad.

Cashflow shows our expenses are 44% of our inflows. Don't know what the standard for wealth builders are. Gotta research this.

It yielded 10% annualized, although Wte.un pays a quarterly dividend.

I had it reinvested in the DRIP program, even though I sold out of the stock temporarily when the Technical Indicators (MACD, Stochastics, MA price action) told me to.

It has run up since then...oh well!

I also reviewed their 2009 Q2 financials. It shows insightful MD&A and answers questions that it leads into in its commentary.

If the coal loading rates are now about $11 per tonne, I needed to calculate their operating cost per tonne. It was around $4+ per tonne.

Therefore they are doing better than double their cost. No wonder they are a profitable company.

I want to buy more units when the price falls.

ING Direct has much better rates for their Children's Savings account than other major banks. It is currently 1.2% vs the meager 0.05% at TD youth account.

Plus I opened the account before end of September and got a $25 bonus into the account.

Next step would be to move all her TD money into this account.

If she had $5000 in savings, the interest would be $60 at ING Direct vs $1.32 at TD!

Of course, inflation is higher than any of these rates...but for now, I want her bank savings to earn as much as it can.

We got free rights for this dog income trust.

The rights allow for purchasing additional units at $2.30

This offering will be dilutive.

This will keep the units trading at a narrow band north of the $2.30 exercise price. And, in 2010 there will be another exercise price of $4.00 which will serve to be another ceiling for the trust.

I called the Broker. He recommended exercising the rights and buying more. I can understand why

I surprised him and said "just sell the rights". They are trading right now for twenty cents or so. Better to sell them now then let them expire worthless. He agreed to sell the rights today.

Net of commissions, this is about two hundred and ten bucks of free money from a dog company.

I also explained my concerns that after the rights offering people who exercised at the price of $2.30 would be happy to dump it at any price north of $2.30 keeping it down for quite a while. I therefore wish to get out of the investment when the rights expire (speculation more precise) after August this year.

Just got it.

While Q1 and Q2 are the soft quarters, usually there is a pickup in sales and earnings in the latter half of each year.

Also there is a reserve of working capital to pay the dividend consistent with prior months.

There are no plans to scale back the level of distributions in the near or short term.

I spoke with Ms Dasilva, Controller, about all of these.