Sep 182014
 

If you’re new here, you may want to subscribe to get stock tips or have investing ideas delivered to your email. I’m also on The Twitter.Thanks for visiting!Tweet It’s Thursday, which means it’s your weekly helping of Eddie. No, you cannot have seconds. He blogs here.  Every few months, I spend several minutes reading several PF blogs, also known as my competitors. It never ceases to amaze me at the level of groupthink prevalent in the PF community. The most common elements encountered in terms of this phenomenon are: Banks Read More [...]

Sep 172014
 

Tweet   (Source: Newsweek, via Bloomberg) Remember when IBM built that stupid computer and then it kicked Ken Jennings’ ass? That was fun, I guess. (Aside: follow Jennings on Twitter. He’s worth your time.) If you’ve been around here for the last few months, you’ve probably noticed that I’m not the least bit funny. Oh, and that I bash Coca-Cola a lot. It has nothing to do with the product. I do enjoy me some Coke and some Coke Zero and even the Diet Coke because even though I know Read More [...]

Sep 162014
 

Tweet Of course, you probably don’t know anything about penny stocks anyway, so it’s okay. I’m here to educate you, young grasshopper. When you think of penny stocks, you’re probably thinking about something like this: These are the classic pump and dump schemes, which go a little something like this: Dirtbags identify a small company with a compelling story. They slowly buy a stake in said company for a few thousand bucks. Then they use guys like Eric Dickson up there to promote the hell out of this “great opportunity” Read More [...]

Sep 152014
 

Tweet If the readers (and authors) of personal finance blogs are any indication, approximately 99.2% of you have a side hustle. Congratulations! Can I borrow some of that scratch? Whether the side hustle is blogging, refereeing sports, cutting grass, or my favorite, dealing a few drugs on the side, it’s generally agreed by personal finance experts that people should have some sort of sideline job or business that generates a few hundred bucks a month. It helps pay down debt, and keeps someone occupied so they don’t get bored and Read More [...]

Sep 122014
 

Tweet By this point next week, your old pal Nelly will be in Japan. Insert your own panties in a vending machine joke here. Is it sad that the very first thing I got excited about was the fact that they drive on the wrong side of the road there? Because I certainly did. I can just picture getting t-boned by some Toyota being driven by a Japanese man on the phone. He’ll be very apologetic, but I’ll be dead, all because I looked the wrong way crossing the street. Read More [...]

Sep 112014
 

Tweet It’s Thursday! Thursday! Thursday! So it’s Eddie! Eddie! Eddie! Here’s his Blog! Blog! Blog! In my last post, we were introduced to the concept of the Black Swan, which is a highly impactful event outside the realm of normal expectations, and can only be explained in hindsight. The author of the book from where this idea originates, Nassim Nicholas Taleb, professes that humanity ignores Black Swans to devastating consequences, especially in the financial world. He cites numerous stock market crashes and financial meltdowns that have erased billions of dollar Read More [...]

Sep 102014
 

Tweet Nelson’s note: Because I am lazier more efficient than you ever thought possible, here’s writing by someone who isn’t me. It’s by Holy Potato, who I think is a criminally underrated Canadian finance blogger. And I’m not just saying that because I’m on his blogroll. He usually blogs at holypotato.net when he isn’t neglecting the site to work on his upcoming book, which is all about teaching regular people how to become boring index investors.  HNZ Group is hardly a value stock. They haven’t increased the dividend ever so it’s not a dividend growth Read More [...]

Sep 092014
 

Tweet Back in the day, I wrote why Warren Buffett would be a bad personal finance blogger. If I recall correctly, it was one of those posts that I thought would be important and go over well, but bombed with all of one comment. (Edit: nope, five! whole comments. Not bad) Not that the number of comments that a blog post gets is important, but still. I don’t think people got it. I’ll save you the trouble of clicking back. Buffett would make a terrible personal finance blogger because he Read More [...]

Sep 082014
 

Tweet AND THE PLAYERS GONNA PLAY PLAY PLAY PLAY AND THE HATERS GONNA HATE HATE HATE HATE. Sorry, got a little distracted there. What are we gonna talk about today? (Scrolls up) OHGODOHGODOHGODOHGOD! No, that’s not true at all. Today’s post is gonna be a good one. It might even encourage a few amateur landlords (i.e. people with one or two condos in Toronto/Mississauga/other Toronto suburbs) to sell their units and do this instead. Unless they’re angling on the I’m gonna sleep with my tenant thing. Sure, that’s not gonna Read More [...]

Sep 052014
 

Tweet Let’s talk a little about why I’d never invest in South Korea, by using cars as an example. As I walk around the streets, there’s a wide variety of cars on the road, just like in every other part of the world. There are very few trucks, because this isn’t rural Alberta and an entire subsection of the population isn’t overcompensating for something. There are grey cars and black cars and sports cars and minivans. Oh, and scooters. Lots of scooters. (Aside: scooter drivers are the worst. They regularly Read More [...]