Sep 222014
 

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 (image credit) I’m not sure I hate anything in this world more than SMART goals. Okay, that’s a lie. I hate plenty of things more — like entitled people, the lazy, whiners, mustard, sunshine, The New York Yankees, people polluting my Twitter feed promoting their latest post 19 times, when I miss a spot trimming my beard, the dark, bullets (but not Read More [...]

Sep 202014
 

Tweet Sick of hearing about my travels yet? TOO BAD SUCKAS. I OWN YOU. I’m writing this in a “business hotel” in Osaka, which is really just a Japanese version of a motel. My room consists of a bed, tiny TV (which has a pay-per-view porn option by buying a card from a vending machine), a small desk, and a bathroom the size of an airplane lavatory. Forget about the sites, let’s talk a little about Japan’s impending demographic doom. A third of the population is over 65, and 40% Read More [...]

Sep 182014
 

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 are out to steal your money Only get a no-fee credit card Index investing is the best and really the only way to invest in the equity 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 [...]