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Participation in Relay for Life Canadian Cancer Society

We will be more of the Municipality to participate in the Relay for Life Canadian Cancer Society June 10, 2011 in Buckingham 19 am to 7 pm at McLaren Park (under the bridge Brady). To join a team of Notre-Dame-de-la-Salette, contact Marquis Bureau - marquis.bureau @ gmail.com
Details to follow in the coming weeks.

Relay for Life Canadian Cancer Society is much more than a campaign fundraising. Relay for Life is a unique opportunity to get together with family and friends to celebrate loved ones who are cancer survivors, pay tribute to those who lost their fight, and fight together in the hope of eliminating this terrible disease.

Relay is an event both enjoyable and rewarding, and your participation gives strength to the mission to eradicate cancer. Join us for this very special night for 12 hours which includes people who have at heart to beat cancer.

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First workshops at the Center for Community Internet Access in Notre-Dame-de-la-Salette

Since the new year, we have the village, a community access center and the Internet thanks to a grant from the SADC de Papineau inc. . This grant is awarded under a program of Industry Canada.



The first workshops on the computer and the Internet ended last night. Eleven participants were enrolled in this tutorial. We thank them warmly. Thank you also to Louise, Jean-Marc, Isabelle, and Line for their important contribution.



The lineup for the next workshop is in development.

Marquis Bureau

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Macro-economic and currency analysis and data

Getting to know the index of industrial production is to learn to measure changes in the quantities produced in the manufacturing, mining, construction sites and quarries. This index should be closely watched because it gives a good idea on the health of the economy. Indeed, industrial production is close to the source of the economic cycle and is very sensitive to economic conditions. This index falls into the category statistics and ads that have the greatest impact on markets.

must still carefully consider that according to economic conditions (growth or recession), some Numbers have more impact than others depending on the situation and can change over time. However, there are key figures that are monitored are still the corner of my eye and still give a real diagnosis on the health of the economy.

Obviously, statistics are the most followed mostly the U.S. statistics for the country is still the locomotive of the global economy. Here are some figures that were announced in the past to establish a framework enabling us to effectively implement and monitor these publications.

You think this is related to movements Forex ... you see that you can take advantage of movements generated by these ads.

When looking at macro-economic decisions direct market, we must select them as much support as you go deal. Particular focus on currencies, here we discuss an application on the foreign exchange market of course!

Firstly, industrial production is an important by its very nature because it is the start of the economic cycle and the current situation, it will confirm (or not) a possible resumption in where it will rise again

For obvious reasons, industrial production should be monitored primarily in three countries for reasons of their own property.

◊ China and Japan: major exporters - China and Japan, which together provide a good portion of the property to consume the world. Two countries exporting manufactured goods such as these must absolutely maintain production levels to be sustained growth.

Moreover, these two economies are direct victims of any slowdown in consumption and that is reflected in figures industrial production and this increases the relevance of this data.

◊ The United States: the engine of the world: We must also ensure that U.S. industrial production continues to drive the global economy and that thanks to a dynamic internal market has a very active industrial base and innovative .

Some recent statistics:

Recently the United States, industrial production has returned to the rise, increasing by 0.5% after eight consecutive months of declines.

• In China, a low point seems to have been received in January 2009 with an increase of "only" 5.7%. In June, industrial production of the Middle Kingdom has risen to 10.8%.
• In Japan, an improvement was felt quite strongly with a 1.9% increase from the preliminary estimate of production.

All this good news has therefore fueled hopes of recovery in motion and some have seen in these figures a return of consumer demand.

◊ Now see how to handle such data on the Forex? - A positive industrial production will tend to support the country's currency because it reflects the dynamism of demand and employment.

For example, before the announcement and the anticipated results, we can see that the dollar has strengthened in the hour preceding the announcement. Then lower them will mainly due to a confidence worse than expected and that will impact him, appetite for risk.

This shows that industrial production has an impact so-called "live" on the currency of the country unlike other news that may be interpreted and implemented in the global economy and global movements of generating good more difficult to treat. Read the entire article ...

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"Non Farm Payroll"

The unemployment data in the U.S. ('Non Farm Payroll') is undoubtedly one of the statistics most widely viewed and followed on the Forex.

◊ Taming the indicator that is the 'Non Farm Payroll'? In fact, the 'Non Farm Payroll' represent the number of creation or destruction of jobs, excluding those in agriculture.

Therefore, a primary indicator of the health of the U.S. economy, especially in periods of crisis when we know that employment is the key to open the door for a return to consumption and growth.

This impact is amplified by the precocity of the announcement as it is published only days after the end of the month. For example, it will be published on 2 of the current month for 'Non Farm Payroll' from the previous month! This makes it therefore an indicator "precursor" most advanced (leading indicator).

Another characteristic of this announcement is that it always takes place on a Friday, which will tend to increase tension and see many unwound positions in the hours before the announcement.

◊ Trader's 'Non Farm Payroll', is it easy? - Not really no. As often in finance, risk increases in proportion to earnings prospects. Let's look at the following example and see the reaction of the EUR / USD during the publication of a report of the Non Farm Payroll.

We see the pair plunge to 90 pips when the figure was better than has been published. Suddenly, the dollar revalues versus the euro. Then, after a phase of "digestion", the pair went back in reverse to return eventually 132 pips.

This sequence is quite typical for a highly anticipated announcement. You can split it into three phases:

• first wave which is in line with "logical" interpretation. In our case, a figure better than expected has propped up the dollar;
• a digestion phase, during which the opposing forces cancel each other;
• then a third phase directional, in the absence of other news, is often decisive for the end of the day.

◊ A good practice is to prepare its strategies ahead: The main

difficulty with the information provided by the Non Farm Payrolls is anticipate the interpretation of the contract. Indeed, a figure better than expected may be translated as good news for the world economy as a whole and thus become more favorable to the appetite for risk. This will mechanically reduce the U.S. dollar.

Conversely, sometimes the market will see a sign of salvation in the U.S. economy and its ability to rebound faster than others and in this case, the dollar will benefit.

So if you decide to work with this statistic (or other!), you need to know the market sentiment and predict all possible scenarios. Obviously, as in all things he must gain experience and learn to interpret these statistics and have some of the usual market to know anticipate how publications ... The golden rule is to be careful if you decide to play this strategy. You must first define exactly what your strategy according to clear rules and strict ...

Such a strategy fits into the category of short-term trading. It is rather risky and it is strongly advised not to make too important positions. With the high volumes and high volatility, executions are not always guaranteed that the exact price you'd hoped. In forex, as elsewhere, the performance is based on its risk-taking!

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stragégie A simple case can be

Behind this simple strategy there are certain fundamentals to support. Here are three examples:
Simplicity, and risk management of your exhibition are three crucial concepts of forex trading.

basics strategy : Simple: apply an ordinary breakout strategy.

Risk Management: put a stop to a tightly coupled ratio profits / losses low but positive. We seek in this case the relevance ratio with a good number of wins / number of losses.

Managing Exposure: giving a nearby object, try to spend as little time as possible in position on the market, which is to manage exposure.

Obviously, currency markets leads us to experience different kinds of movements thus meet different configurations.

1. First case: the false signal, our sworn enemy - When you decide to trust a strategy of breaking (ie breakout), you must admit and accept that you will encounter frustration. Levels of breakage are not an exact science and it often happens that we place automatic orders, and who are waiting to be triggered prematurely.

2. Second case: the trailing stop, our guardian angel - Indeed, for most positions, it is recommended to place a 'trailing stop' to lock in maximum gains. Thus, as and when the price rises, the stop is lifted automatically protecting the gain.

Such protection, which automatically follows the positive development of your trade is essential in this market. It is strongly recommended to use for your investments, but especially when you adopt a strategy of short-term, aggressive markets.

3. Third case: Achieved - Do not set target is to let chance take the place of reason. When a target is reached it is usually best to stick to his plan trading. For example, a pair enter into consolidation and suddenly you see a break of major support meaning and some of the players have exhausted their ammunition and prefer to leave out to opponents yet. Typically, the following consolidation is an area where many stop losses will be executed.

Two allies to Success - The precision and long-term

Compliance with rules you set for yourself is essential to be able to defeat the markets. You have probably often been explained the importance of developing these rules before you even get your orders to buy or sell. Rigor is therefore required not to deviate from the path to profits.
Your objectives and performance, even if it is imperative to regularly measure, must be reflected and analyzed in the long term. Only full trust in your trading method may lead you to properly manage the difficult phases of repeated losses. Read the entire article ...

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Her own health then the scholarship

Like many readers, I'm a fan of this wonderful and exciting world of scholarship. Place an inexhaustible variety of experiences, challenges ahead, always facing yourself, we aim to make gains but also to challenge ourselves as individuals.

Surprising you ask me a text that focuses on the "HEALTH" ... so that we too often forget, but which is the basis of a full and healthy life. You ask, what is the connection with the award? You're right, but basically it is easier if you are healthy and in good shape, you can better your focus, you put it in optimal condition to make decisions, etc. ... Why not put all his chances on his side!

How we are healthy? Health, what does that mean exactly? Before discussing ways to maintain good health it is important to define the concept of health. When did a survey on lightning definition of health, most people tend to define as the absence of disease. This definition is somewhat simplistic and that is why the World Health Organization defines health as "a state of complete physical, mental and social and not merely the absence of disease or infirmity .

Having established Many people wonder how they can act daily to adhere to this definition. A simple trick is to use the letters of the word health as a reminder.

• S ystem nervous without interference
• A positive ttitude
• N UTRITION
• T ime rest
• ISCAL Y EAR E regular moderate

NERVOUS SYSTEM WITHOUT INTERFERENCE

The nervous system controls and coordinates all the others. So that your body is in balance, the brain must receive both information what happens inside the body (hunger, thirst, fatigue, etc..) and outside the body (hot, cold, imminent danger, etc.).. Using this information, the brain makes decisions and sends commands to the various organs and body cells. So that everything goes well, it is important that communication between the brain and body cells is not interrupted or altered not block or interference.

POSITIVE

positive attitude refers to our mental well-being. The ability to manage stress and eliminate unnecessary sources is a essential tool for achieving balance. Good time management, conflict resolution, interpersonal As are examples.

NUTRITION

Tell me what you eat, I'll tell you who you are, "said the old adage. The human body replaces thousands of cells each day. These cells die and are replaced by new built using "construction materials" that we eat. It is therefore important to have a healthy and balanced diet. Choose a variety of foods and good qualities.

REST TIME

Standing time refers the length and quality of your sleep. Sleep also has an important effect on health. We associate lack of sleep with an increased risk of heart disease, stroke, diabetes, obesity and depression. Experts say most adults need seven to nine hours of sleep per night to feel rested. In 2002, 13.4% of the population aged 15 and over suffer from insomnia. This represents nearly 3.3 million Canadians.

regular moderate exercise The benefits of exercise are well documented. Unfortunately, the western population is more and more sedentary, and that creates huge costs for the health system. Move regularly. Find physical activities you enjoy and practice them regularly.

Most of us focus only on one aspect at a time. However, it is important to be stable and constant giving priority to these five rules. Start slowly to adopt a new lifestyle. If you try to do everything at the same time, you will not. An attitude brought to the well-being means making your health your priority.

It is also important not to wait until it hurts before consulting a health professional. This will advise you to acquire a healthy lifestyle you can follow the five keys to health. This is a permanent solution to add life to your years. In fact

good health to be successful in stock!

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gold reserves in different countries

Canada has several gold mines. As proof, the Vancouver Stock Exchange is one of the most important awards in the field of natural resources. However, this may sound unbelievable but the gold reserves of the Canadian government are now so small that they are even lower than those of Bangladesh and Sri Lanka.

In fact, the gold reserves held through the Bank of Canada rose only to 3.4 tonnes, one tenth of a ton less than those of Bangladesh and around two tonnes less than Sri Lanka. Of the hundreds of countries that hold reserves of gold, Canada ranked 78th. Moreover, he arrives at the tail of the G7 and G20. Generally the Bank of Canada should be inclined to consider gold as a hedge to protect themselves including the falling U.S. dollar.

In 1965, the federal government held 1,023 tons of gold in his bunker in the Bank of Canada. At a prices ranging around $ 1,130 an ounce, the 1023 tonnes would be worth 37 billion U.S. today. Instead, we find ourselves with only 3.4 tons, worth 123 million U.S.. Here

gold reserves of the other G7 members, as reported at September 30, 2009 by the World Gold Council. (Note: The monetary value was calculated on a price of $ 1,130 an ounce.)

• United States: 8133 tons (294 billion U.S.)
• Germany: 3408 tons (123 billion U.S.)
• ; Italy: 2452 tons (89 billion U.S.)
• France: 2445 tons (88 billion U.S.)
• Japan: 765 tons (28 billion U.S.)
• Britain: 310 tons (11 billion U.S.)

Other countries holding large reserves of gold

• China (1054 tons: 38 billion U.S.)
• Switzerland (1040 tons: 37 billion U.S.)
• Netherlands (613 tonnes: 22 billion U.S.)
• Russia (568 tonnes: 20.5 billion U.S.)
• Taiwan (424 tons: 15 billion U.S.)
• India (358 tons: 809 million U.S.)

According to financial newsletter Victor Goncalves, Equities and Economics, there are currently shortages of raw gold reserves dans le monde. La demande d'or s'élève actuellement à 3800 tonnes par année alors que les réserves minées atteignent à peine 2600 tonnes. L'écart est habituellement comblé par l'or recyclé et la vente des banques centrales.

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Volume IS Something to watch as a year indicator

Something like 70% of all volume on the New York Stock Exchange comes from institutional investors, like mutual funds, hedge funds, and pensions.

So when volume increases, it means these institutional investors are buying. When volume falls, it means they aren't trading as much.

Investors and analysts put together complicated earnings projections and economic forecasts. But these always reflect that analysts' Gold investors' pre-conceived notions about how the Economy IS doing now, and Will do in the Future.
Read the entire article ...

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Water and oil ... what is the link? Bulls vs. Bears

For the next decade, good investment opportunities may emerge from the four following natural resources: water, agriculture, gold and energy. One of the most amazing combinations is the energy-water nexus.

It takes water to produce energy and energy to produce potable water. This creates many opportunities for profit. Sometimes they are not so obvious. The link between water and energy is at least as old as the method that involves pumping water into oil wells to increase production.

Maybe do you not know, but two thirds of the oil is found in soil. The recovery rate is only 35%.

If the recovery rate increased to 50%, the amount of recoverable oil in the world would increase by 1.200 billion barrels. According to the IEA, it would double the proven reserves today.

"This is the reward of the next half-century," said Howard Mayson, vice president of industry technology at the giant British Petroleum, BP, quoted in The Wall Street Journal. BP relies heavily on the recovery methods. These methods aim to improve the rate of oil recovery.

As reported by The Wall Street Journal: "The recovery is vital for the biggest oil companies like Exxon Mobil Corp.. And BP, undergoing enormous pressure from shareholders to continue to increase production and access to new reserves. But it's difficult when firms are excluded from areas rich in oil, such as the Middle East or Russia. So they have increasingly on existing fields, some of which produce oil for decades already. "

It's like a sponge squeeze harder to remove everything you can. The old way is simply fill the water tank. The idea is to create enough pressure to make it easier to pump oil. This is not very effective, but it works for some time. But it also becomes more difficult ensure a supply of water. This is the reason why oil companies are buying rights to water collection in the West. Right now, oil extraction shale consumes a lot of water.

▪ Rather than using water, some companies fill the tanks of carbon dioxide. Businesses have the habit of storing carbon dioxide in old unused tanks. Using this method of oil recovery, they can use this carbon dioxide. BP uses this method as a reservoir of Prudhoe Bay, and it's effective. The recovery rate is 60%. Now, Prudhoe Bay, which was thought in the 1980s, the cessation of oil production in the next thirty years, seems to be back for another fifty years.

The Wall Street Journal describes another method used by BP: "fill the tank of polymer that swells like popcorn when it comes into contact with hot stones, and highlights more oil from hard to reach."

The delay in the use of these methods is due to the fact that many oil companies have slashed their budgets for exploration and production last year, when prices of oil and gas were in freefall. But it seems inevitable, seeing the speed at which large oil tanks are emptied, the recovery sector de pétrole assistée prenne une grande place. Evidemment, la récupération de pétrole assistée n'est qu'une des choses très intéressantes que Nalco fait en matière de lien énergie-eau.

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This is a reading of the number of bullish investment advisors versus bearish advisors. The reason you look at this is that it gives you an idea of how bullish investors are.

If they are too bullish then everyone is in the market and it is heading for a top: if everyone wants to be in the market then all the money is in and there is no more new cash to drive it higher. On the other side of the spectrum if there are a lot of bears then there is a lot of cash on the sideline, and as the market rallies it drags that cash in as the bears give in.

That cash provides the market the fuel to move higher. If bears are low it is the same as a lot of bulls: everyone is in and the market doesn't have the cash to drive it higher.
Lire tout l'article...

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How to Invest in stocks of foreign countries?

Un instrument financier sur mesure pour ceux et celles qui veulent investir dans des 'stocks' de pays étrangers...

What It Is: American Depository Receipts (ADRs) are certificates that represent shares of a foreign stock owned and issued by a U.S. bank. The foreign shares are usually held in custody overseas, but the certificates trade in the U.S. Through this system, a large number of foreign-based companies are actively traded on one of the three major U.S. equity markets (the NYSE, AMEX or Nasdaq).

How It Works/Example: Investors can purchase ADRs from broker/dealers. These broker/dealers in turn can obtain ADRs for their clients in one of two ways: they can purchase already-issued ADRs on a U.S. exchange, or they can create new ADRs.

To create an ADR, a U.S. based broker/dealer purchases shares of the issuer in question in the issuer's home market. The U.S. broker/dealer then deposits those shares in a bank in that market. The bank then issues ADRs representing those shares to the broker/dealer's custodian or the broker-dealer itself, which can then apply them to the client's account.

A broker/dealer's decision to create new ADRs is largely based on its opinion of the availability of the shares, the pricing and market for the ADRs, and market conditions.

Broker/dealers don't always start the ADR creation process, but when they do, it is referred to as an unsponsored ADR program (meaning the foreign company itself has no active role in the creation of the ADRs). By contrast, foreign companies that wish to make their shares available to U.S. investors can initiate what are called sponsored ADR programs. Most ADR programs are sponsored , as foreign firms often choose to actively create ADRs in an effort to gain access to American markets.

ADRs are issued and pay dividends in U.S. dollars, making them a good way for domestic investors to own shares of a foreign company without the complications of currency conversion. However, this does not mean ADRs are without currency risk. Rather, the company pays dividends in its native currency and the issuing bank distributes those dividends in dollars net of conversion costs and foreign taxes to ADR shareholders. When the exchange rate changes, the value of the dividend changes.

For example, let's assume the ADRs of XYZ Company, a French company, pay an annual cash dividend of 3 euros per share. Let's also assume that the exchange rate between the two currencies is even meaning one Euro has an equivalent value to one dollar. XYZ Company's dividend payment would therefore equal $3 from the perspective of a U.S. investor. However, if the euro were to suddenly decline in value to an exchange rate of one euro per $0.75, then the dividend payment for ADR investors would effectively fall to $2.25. The reverse is also true. If the euro were to strengthen to $1.50, then XYZ Company's annual dividend payment would be worth $4.50.

Why It Matters: ADRs give U.S. investors the ability to easily purchase shares in foreign firms, and they are typically much more convenient and cost effective for domestic investors (versus purchasing stocks in overseas markets). And because many foreign firms are involved in industries and Geographical Markets U.S. multinationals WHERE Do not Have a presence, Investors Can Use ADR to help diversify Their portfolios were Much More global scale.
Read the entire article ...

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oil prices and the Baltic Dry Index

Is there an index that would predict the evolution of the price of a barrel of oil? Given the complexity of mechanisms that can be swung supply and demand of crude, this seems unlikely. Usually a few weeks of timing delay, an index followed by relatively few investors play this role of leading indicator: the Baltic Dry Index.

In fact, the BDI is a index ultra-sensitive ... it is the price index for sea transport of solids. It was created in its current form quite recently, in 1998 by the British company Baltic Exchange. That's an average of prices of 26 routes in the world of minerals, grains, and metals in particular.

What the BDI says: Its calculation is relatively simple. The very respectable Baltic Exchange in London, already in 1744, calls on brokers in the world to give them every working day, for a price ranging from a cargo XY port A to port B. For example, "What is the price negotiated for 100,000 tons of iron ore between San Francisco and Shanghai."

This makes it possible to quantify now a real demand for future production. Indeed, unlike conventional indices advanced production (building construction, new car sales, etc. ...), the BDI is a true pioneer of the machine of global production.

This indicator is also the happiness of many economists who want to assess the economic activity the next three to six months and well before even the oil, which is often useful for industry, as oil and turn the machine (already underway). An increase in the Baltic Dry thus allows to predict, several months ahead, increasing the price of a barrel of crude.

One law is that of application: It is sometimes purists say that the BDI depends on both the demand and supply. This is true. A boat under the ocean will necessarily enhance the importance of remaining cargo (if, of course, demand remains the same). This is also the case also for oil, whose price does not hesitate to burn as soon as information from an Emir who decides to cut the tap.

However, the offer on the BDI can be speculative (because they are actual orders) and is found to be extremely inelastic (the construction of a cargo of merchandise takes roughly two years and its cost is so high it would be laughable to put it into inactivity).

So indeed demand that pushed up the index. Including, and especially that from the Middle Kingdom. According to the latest official statistics, China imported 515.1 million because of metric tons of iron ore during the first 10 months of the year, already 16% more than the whole of 2008 (Including the first few months, remember, had already reached a record).

Responding to an explosion of demand, this frenzy of new carriers inevitably push forward global production, and before that, the price of a barrel of oil. For proof, compare the evolution since the beginning of 2007 the Baltic Dry Index, the West Texas Intermediate (WTI crude oil benchmark U.S.)

Visually, the evolution of the two indices imply a significant correlation, but with a slight delay. Indeed, the coefficient of determination (the experts call the R2, the sum in square of correlation coefficient) reached 0.61 and 0.74 in real time by introducing a period of six weeks between the BDI and WTI.

A very impressive figure, and the same coefficient reached 0.76 between the two indices are highly correlated in nature: WTI and OSX (the famous Philadelphia index which include the titles of 15 of the largest oil service companies).

Given the resumption of economic activity, particularly through the engine and the various Chinese stimulus plans, the Baltic Dry Index has surged more than 45% since the beginning of the year. It is currently being bullish. This leaves imply that oil has a bright future ahead of him, with a year 2010 probably marked by a new crossing over the $ 100 a barrel.

What has been observed, the reliability in predicting oil prices: + or-75% accuracy
The estimated time to observe the reaction of oil prices to fluctuations in the Baltic Dry Index: approximately six (6) weeks.

In summary, it is a valuable indication of the health of world trade, and intensity of economic exchange. Thus, it increases significantly during periods of growth when countries like China recently, import raw materials, mining, like cereal. On the contrary, in times of economic crisis, when imports fall as in 2008, he corrected sharply. It is a very volatile index, which has emerged in recent years as a leading indicator of activity, and by extension the financial markets.
Read the entire article ...

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Historically ... how do they perform?

Early each year, it is interesting to review the past behavior of these financial instruments:


Oil: oil prices tend to decline from October to mid-December because dealers are liquidating their stocks on the market. However, January is traditionally the coldest month of the year, we would expect prices to rising oil prices. In addition, refiners of crude oil to accumulate in anticipation of summer, crude oil prices tend to establish a seasonal low in December and begin a seasonal rally that lasts until May.

FOREX: The U.S. dollar decline usually year-end and back during most of January. For example, 10 of the 11 years of its existence, the Eurodollar futures closed lower in early February as the first trading day of the new calendar year. Similarly, CHF usually fall in January.

Actions: This is well known, the shares tend to do a rally in January, and then subjected to profit taking during the last week of the month. The NASDAQ, however, tends to rebound in late January to begin a new decline in February and March.

Copper (copper) : Copper prices show a strong downward trend at the end of calendar year - and then suddenly leave in the opposite direction at the beginning of next year, perhaps Because of the accumulation of stocks which begins for the next construction season.

Money (silver) : Money is generally upward trend until mid-January Chinese New Year (early February).

Gold (gold) : The request is usually the weakest of the year in summer, when the jewelry manufacturers are not working. However, the highs for gold are usually in January.
Read the entire article ...

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The "Enhanced Income Securities" ... to discover

The Rarest Securities In The World Yield 11.5%, 11.4% and 9.1%

What It Is: Fax No. revenu year deposit security (IDS), year Enhanced Income Security (EIS ) Is an exchange-traded security Composed of Both annum issuer's common shares and Its Subordinated Notes.

Two examples: STB / UN.to and DR / UN.to . I must confess here that even the dealers do not seem to be familiar with the distinction between a 'Trust Units' conventional financial instrument. Moreover, symbols are in the same category as the 'Trust Units' with. A symbol at the end of . So we must be vigilant and do their research before investing!

It Was greeted as "an oddball security from Canada" when it debuted in December 2003. Investors Should Be Goal warming up to this special type of security. After all, THEY CAN Pay More Than The Average yield Times oven Delivered by the S&P 500 Index -- while offering the safety of a bond with the upside of an equity.

Here we are speaking about one of the newest (and most lucrative) asset classes to hit Wall Street in recent years -- enhanced income securities (EIS) . The name might not sound very glamorous, but who cares when they offer juicy yields of 11%?

The Perfect Successor to the Dying Canadian Trust :  EISs are really Canadian income trusts in disguise, efficiently distributing a company's cash flow to shareholders. Canadian investment banks designed them specifically for U.S. companies seeking an income trust structure better suited to American tax laws.

As you may know, Canadian trusts have been a staple of many income investors' portfolios for years. But soon, we can kiss our favorite trusts goodbye. Thanks to the Canadian government's decision to tax them like corporations starting in 2011, their double-digit yields will become a thing of the past.

Not to worry. Enhanced income securities can pick up the slack -- they're as close to Canadian trusts as hot chocolate is to cocoa, but they likely won't face the same onerous tax penalties in the coming years.

A Peculiar Stock/Bond Hybrid :  What makes these securities so unique is that they are comprised of one share of common stock and one high-yield bond. In other words, about half of the yield comes from common share dividends that can grow with the company's cash flow. The rest comes from a high-yield bond that pays you virtually guaranteed income.

It has taken a few years, but enhanced income securities are starting to receive some much-deserved attention from investors. And for good reason -- many pay more than DOUBLE the average yield on an "A"-rated bond, and more than four times the average yield delivered by the S&P 500 Index.

Company                                       Yield
Shipping EIS                                 9.1%
Telephone EIS                              11.4%
Hospital EIS                                 11.5%

The Best of Both Worlds . . . High Yields with Low Risk : While many high-yield securities carry equally high risks, EISs are special because their rich yields are buoyed by the bond portion of the security. And for me, this is of paramount importance. After all, it's not often investors can count on enjoying high yields from investment-grade bonds while also having the upside of an equity. That's why I seek out securities like EISs that offer income investors like us the highest potential reward with relatively low risk.

In order for a firm to issue an EIS, it must generate a steady stream of regular annual cash flows. After all, income deposit securities are expected to pay both regular interest on a bond and steady dividends. As a result, those companies with unpredictable earnings and poor cash flows need not apply. Since cash flows must be stable, only steady companies in solid, predictable industries issue the securities.

These companies run the gamut from school buses and hospitals to funeral homes and recycling plants. Whatever their focus, all of them are in recession-proof businesses that throw off piles of free cash flow, even in a slowing economy. And they all pass along the lion's share of that cash flow to investors by paying abnormally high dividends.

A Closer Look at My Favorite EISs :  The long-term picture for EIS's looks bright. EIS issuances have only been executed by a handful in the U.S., so this unusual asset class has been largely overlooked.

How It Works/Example : An EIS is a hybrid security that consists of both common stock and a bond rolled into one instrument. The EIS itself is listed on an exchange, but the underlying securities may or may not be. EIS holders generally may, after a specified period, detach the underlying shares or debt instruments and trade these components separately.

EIS holders receive periodic distributions from the issuer. A portion of each distribution represents dividends on the underlying common shares. Meanwhile, another portion represents interest on the underlying debt securities. EIS issuers are often required to adhere to strict written distribution policies, many of which require the issuer to distribute a stated percentage of its free cash flow.

It is important to note that although the issuer may have an obligation to pay out a stable percentage of its free cash flow, this free cash flow amount can vary from month to month or quarter to quarter. As a result, the dividends paid by an EIS may rise and fall depending on the company's operating performance, acquisition activity, or other factors that affect cash flow.

For tax purposes, a portion of an EIS distribution may be considered an ordinary taxable dividend, while another portion may be counted as return of capital. In general, returns of capital are taxed at the 15% capital gains rate when the owner sells his or her shares. Meanwhile, the interest portion is generally taxed as ordinary income.

Why It Matters  : For certain investors, such as long-term income investors, enhanced income securities offer the best of both worlds. They provide current income, and because they are part stock, they protect against inflation by allowing the investor to participate in share price gains.

In general, enhanced income securities are a feasible financing option only for companies with reliable cash flows and limited dépense Needs.

For more details on this financial instrument, here's another link: ... Click here ... Read the entire article ...

A Rash That Looks Like Scratches

Workshop: Introduction to Computer and Internet Training

The Internet Community Access Center (ACIC), the Corporation of model agricultural village of Notre-Dame-de-la-Salette offer its first training on the basic computer and the Internet on Monday January 31 7 and 14 February 2011.

A workshop for people who have a laptop.

Two workshops are offered: in the afternoon from 30 to 15 13 h 30 pm and evening from 19 pm to 21 pm Trainers are

Isabelle Dalton, Line and Marquis Quevillon Office

information: Isabelle Dalton - imdalton@xplornet.com

Replacement Truck Toolbox Locks

: Qigong

Training: Qigong (exercises that resemble a gymnastics)

at Notre Dame-de-la-Salette

Wednesdays 16 and 23 February and 2 and March 9, 2011 from 18 am to 21 pm

Cost: $ 120 (or $ 10 an hour), included a DVD

Instructor: Roger Hebert

Information and registration: Louise Mageau - Loumageau61@hotmail.com - 819-766-2207