Oct 302014
 

Tweet It’s your usual Thursday man, Eddie. He blogs here, but you knew that already. He also likes sloppy kisses.  This is a follow up to last week’s post about how banks are not trying to steal your money.  Instead, I offer some insights into choosing a bank. The first step to choosing a bank is to rid yourself of the notion that the bank is an obstacle.  A bank, and the people who work within it, should be viewed as partners.  In this way, the relationship between yourself and Read More [...]

Oct 232014
 

Tweet It’s Thursday, which means it’s Eddie. He blogs.here. He promised this week’s edition is “particularly mean”. I’ll let you be the judge of that. If my count is correct, this is personal finance groupthink assassination number 6. If I had a nickel for every time I read an article or post from a personal finance blogger, even ones that have a large readership but whose authors are not particularly well read, about the sinister nature of banks, I could not buy anything of value since I stopped reading virtually all Read More [...]

Oct 212014
 

Tweet Let’s start things off with a hypothetical situation. (I wrote something similar for Motley Fool last week, in the interest of full disclosure) Say you and I were hanging out. FINALLY, A FRIEND FOR NELSON! TAKE THAT, DAD. I offer you a deal. You put in $20, and I flip a coin. If it comes up on heads, I’ll give you $60. If it comes up on tails, I get to keep your $20. Would you play that game? I hope the answer is yes. If you could play Read More [...]

Oct 162014
 

Tweet It’s Thursday, AKA Nelson’s slack off day. Take it away, Eddie.  I believe this will be PF groupthink assassination post number 5. My post this week focuses on a rather technical detail in a recent Moneysense article.  I happen to read Dan Bortolotti’s article How to make it to $1 million that was published in the September/October 2014 issue. The article postulates that it is very realistic even for a person of modest means to save a million dollars for retirement.  To accomplish this feat, Bortolotti espouses several principles: Start Read More [...]

Oct 142014
 

Tweet After identifying it as an interesting investment in yesterday’s post about Pepsi, I decided to crack open Kellogg Company’s annual report and see what was going on. What I found was a company that’s suffering from stagnant revenues, lower margins, and for some reason it had a ridiculously profitable 4th quarter in 2013. Check this out. Once you factor in that gigantically profitable quarter, the investment doesn’t look so sexy anymore. It’s also odd that the company’s 4th quarter was weak, unlike every other food company in North America. Read More [...]

Oct 092014
 

Tweet It’s Thursday, so it’s your regular addition of the other guy who writes here. His name is Eddie, and he’s delightfully mean. We’re BFFs. He blogs here.  Personal finance fallacy number 4 is about to be challenged. Here are the first three, if you’d like to read back: How choosing the right credit card barely matters Why you should go into, not out of, debt Why index investing is for suckers   This is another in a series questioning the wisdom of PF writers before I begin to write Read More [...]

Oct 082014
 

Tweet Investors are divided into two camps. There’s camp A, we’ll call TEAM STRIKE FORCE. These investors look to buy stocks that are either undervalued or that have good growth prospects (at a reasonable price). They like getting paid a dividend to wait for their investment to recover/grow, but it’s not necessary. Depending on the situation, a dividend could get in the way of the company’s plans, like paying off debt or investing in new infrastructure to help grow sales. Then there’s camp B, which we’ll call TEAM DISCOVERY CHANNEL. Read More [...]

Oct 022014
 

Tweet Back after a week of, I dunno, slacking, it’s Eddie. I believe this will be PF groupthink assassination post number 3.  This post will be a departure from the conventional wisdom in the PF community.  This is not meant to be explicitly antagonistic, but I do not apologize for it if it is. The community of the PF realm is indulged with endless posts about how to choose the right credit card.  While I do have respect for a detailed analysis of an issue in general, examining your spending Read More [...]

Sep 292014
 

Tweet Because, hey, let’s create a convenient excuse for the poop jokes. CHALLENGE ACCEPTED. I’m not gonna lie, one of the reasons why I wanted to go to Japan is because I wanted to try a bidet. It’s like a magical invention that nobody wants to talk about because of the, uh, dirty work it does. But I was curious. What did it feel like? Did it get everything? And was there really a camera in it like on that episode of the Simpsons? And then Vanessa and I stayed at a Read More [...]

Sep 242014
 

Tweet A few months ago, one of my readers asked about metallurgical coal producer Walter Energy (NYSE:WLT). The company’s share price fell from a high of $136 in 2012 to less than $5 per share at the time. I wrote a blog post about it, and came to the conclusion that it had too much debt, was bleeding too much cash, and should probably be avoided. Turns out I’ve been right, at least so far. The company’s stock currently sits under $3. It continues to be a rough go for Read More [...]