5 Invaluable Lessons I’ve Learned Writing About Money

5 Invaluable Lessons I’ve Learned Writing About Money

My life was a lot different three years ago.

I was still a chip guy, impressing everyone with a very specific skill set of showing up when I said I would. Seriously, that’s all I did. The world of retail has incredibly low expectations.

And then, one day, I snapped. Okay not really, but I did quit my job without another lined up.

I legitimately thought I was going to retire for a while. Yeah. Really. I had just moved, and was flush with cash after selling my house. I could live a reasonable lifestyle for years without really depleting my savings, and I also had all sorts of other sources of passive income–everything from stock dividends to my private mortgage investments.

That lasted for about two weeks. My God, I don’t know how you early retirees do it. I was so bored. And I tried all the stuff I was supposed to, too. I read and hung out with friends and explored my new city and everything. I still only lasted two weeks before starting to look for a job.

After temporarily working at a grocery store for a few weeks and continuing to write at Seeking Alpha part-time, I was approached by Motley Fool to write on a full-time basis. The rest was history.

Now that I’m approaching my 3rd anniversary of writing about money for a living, I thought I’d take a look back at some of the more important lessons I’ve learned.

Be bullish

Over the years, I’ve had hundreds of people complain about errors I’ve had in my articles. Some of these errors were so minor it was comical. There’s a special place in hell for people who point those out. No, I don’t care about the typo in paragraph three.

Others did matter, including the time I got two companies mixed up and insinuated one was about to go bankrupt. It was actually the other that was struggling.


I don’t even need to take a second look at the data to know that bearish articles had a higher complaint rate. People do not like hearing their favorite stock is about to go down.

Most corrections came from regular investors. Every now and again, companies would get involved. I once had an email conversation with the CFO of a company y’all have heard of, and he was not happy. He was very insistent we meet and talk about my grave errors.

After declining this request, I decided to wait a few months and try it again. This time I wrote something much less bearish. Three things happened:

  1. The CFO reached out again, thanking me for “taking a more balanced effort.”
  2. The company shared the article and followed me on Twitter
  3. I was offered credentials to ask questions during quarterly conference calls

People don’t read investment research on the internet to hone their critical thinking skills. They read it to confirm their already-held beliefs.

Writing quality doesn’t matter

The more I write the more I realize something. I’m not a particularly good writer.

I’m perfectly competent. I use semicolons non-ironically. I’ve finally figured out that shorter sentences are better than longer ones. And I can spell all sorts of tough words on the first try.

But I’m not great, and I’m the first to admit it. This used to bring me pain. I wanted people to read my stuff and gawk in amazement. EAT YOUR HEART OUT, STEPHEN KING.

They don’t. And they never will.

But that’s okay. The nice part about being a non-fiction writer is people read me because they’re looking for something specific. As long as I present that information in an easy to digest and entertaining way, I’m good.

That’s what I focus on now.

Speed matters

I remember back in 2012, I read a tweet from some long-forgotten PF blogger who bragged about firing off four posts in two hours. I thought that was insane. Who writes that fast?

2016 Nelson can do that if the topics are easy enough.

Between this blog and my other writing clients, I estimate I’m writing between 15,000 and 20,000 words per week. I’m capable of doing about 25,000 words a week. Spread that out over a 40-hour work week, and we’re talking about 625 words an hour.

One of the nice things about the writing business is I’m rewarded for being efficient. I get paid more if I produce more. And the easiest way to produce more is to get faster.

It’s a volume business, at least for me.


Certain websites have different editorial standards. Some do not care at all, posting everything I’ve ever written as is. Others go nuts and will change 5% or 10% of what I write. I’ve even gotten an article or two back, asking to make wholesale changes.

From my perspective, a good editor makes me sound better. They’ll make my words flow smoother and clear up any punctuation mistakes. Typos too, but I find that most writers don’t care so much about typos. It’s editors who really care. Think of it like detailing a car. I’m providing the engine, seats, and so on. The editor is just shining it up before it goes out to the customer.

But what many editors need to realize is the difference between good copy and great copy isn’t worth the additional effort. I’m lucky; my editors get that, almost without exception. If I’m missing a comma or make an embarrassing to/too mistake, they just change it. Any writer appreciates that.

I’ve met editors who will spend 20 minutes composing an email to tell a writer about an error that would take 20 seconds to correct. These people have dedicated their lives to learning all the inner workings of the English language, and they take it as a personal insult when guys like me only know 98% of what they do. It might read fine, but that’s not good enough for them. They want perfection.

What I’ve learned is there are websites I will not write for because their editorial standards are just too high. That simple rule has saved me countless hours of frustration over the years. Those sites may offer higher rates, but by the time I’d go back and forth with corrections, I’d probably end up making about what I make now.

Relentless pitching

I pitch two or three websites a week, spending at least 15 minutes clicking around the site and coming up with an educated pitch. None of that copy and paste crap for me. I know that gets rejected 100% of the time.

Instead, I get rejected 95% of the time. Progress!

The internet is a tough place to make a living, especially in writing. There are a million people out there who are willing to write about personal finance who are better at crafting sentences than I am. I probably know more about the genre, but it’s hard to convey that in a 250 word pitch email.

So I’m constantly hustling, doing everything I can to get more work and further diversify my income away from one source. I think I’m getting better, but it’s still one rejection after another. That’s the way it is.

This is How The Blog Magic Happens

This is How The Blog Magic Happens

Most days here at the ol’ FU machine, we do the same old thing. I talk about finance stuff and you kids pull up your proverbial chairs and gather round, just waiting to be wowed by the wonderful pageantry that is Nelson.

Either that or you’re dicking around at work in an attempt to forget about your crippling existence for a little while. Got a little real there, didn’t it?

A blog is kind of like a hot dog factory. You never know about the background, likely for good reason. All you get to see is the delicious tube-shaped product when it’s finished and you’re about to stick a six inch dog in your mouth. Be gentle with it. Anyone who puts it all in at once is just showing off.

So let’s do something a little different today. Let’s take a closer look at how I make the magic happen. Allow me to take you for a personalized tour of the hot dog factory, Nelson’s desk.

Picture it up, yo


Oh God Nelson that’s disgusting. An energy drink?

Relax, it’s empty.

I don’t think you really understand my criticism.

So let’s start at the beginning. This high quality office you see actually costs me money.

The story goes something like this. I got back from South Korea and was deciding whether I’d take writing seriously or get a job and continue writing on the side. After applying for all of one job that semi-interested me, the choice was pretty clear. Typos and all, Nelly was going to double down and become a true professional writeer.

That typo is intentional. I’m not that big of a hack.

I quickly realized writing at home wasn’t going to do it for me. It was depressing not leaving the house for days at a time. I missed human interaction. My wife made me cook dinner. And most importantly, I really needed to put on pants and go to work. The psychological boost of leaving the house is a huge deal for me.

I started going to coffee shops and grocery stores to write, but that got old quickly. I’d run into people I knew or they’d just be too damn noisy. Coffee shop internet will do in a pinch, but it’s not really that good.

So I decided to rent an office. After viewing a half dozen different offices, I chose the one in the picture above for a few different reasons, including:

  • It’s located in a mall, which gives me a physical location for private mortgage clients to pay me
  • I liked the free option for opening up a retail store, although after more than a year here I still can’t think of anything I’d want to open
  • The rent is a terrific deal for what I’m getting
  • There are other people around who I can talk to
  • Snacks and energy drinks are close by

My desk basically sits in the corner of a retail space that’s approximately 400 square feet in total area. I use maybe 100 square feet. There’s another ~200 square feet in the back, too.

Here’s the view from the other side.


As you can see, there’s plenty of room for me to stretch my legs. I’ve thought about opening a co-working space with my extra area, but my landlord isn’t really in favor of subletting and I am cripplingly lazy. I’m also not exactly sure how much demand there would be. Solopreneurs don’t really end up in my boring small town.

Anyhoo, onto the desk itself.

Let’s start with the two monitor setup. If you’re a writer, it’s an absolute godsend. You can research on one monitor while keeping the other open to your work. It makes everything go that much faster and smoother.

Ron Swanson currently guards one of the monitors, and Bender will soon be guarding the other. I left him at home. He’ll be standing right where the Subway cup is.

The MacBook pro exists for two reasons. I use it almost exclusively for email and tweeting, and every now and again I’ll drag if off with me when I do somewhere. I will need to replace the cord soon for the second time, which I don’t intend on doing. It will get replaced by a PC laptop sometime soon, probably in 2017.

My papers are always a bit of a mess. On the left is the least high-tech system ever for keeping track of stuff I want to write about. The large notebook has ideas for Motley Fool and other investing topics I want to cover, while the smaller one has all the ideas for this here blog.

I own the Texas Instruments BA II Plus Financial Calculator which is the only calculator any serious finance type needs. You can figure out things like depreciation, amortization, and compound interest on it, although I usually just use online calculators for a lot of those things. Still, it was only $30.

Off to the right is a printer and file cabinet, which actually get used. More than once. I went with the printer that could scan stuff because that’s nice to have every now and again.

You might have noticed the pair of shoes under the desk. They’re off most of the day. The only time I really put them on is when I go somewhere. The rest of the time I walk around in my socks.

And finally, let’s talk about the chair. I spent $170 on that chair (regular price, $249) and it was the best money I ever spent. If my ass could talk, it would probably just say things about my bidet and that chair over and over again.

The wall

As evidenced by the previous pictures, I don’t have much up on the wall. In fact, my wall only has two things on it, my business licence and my pictures.


The two bottom pictures are of my wife. I decided to take these pictures out because the last thing I need is to be yelled at. The other two pictures are of my cat, who only yells at me in cat language. Besides, cats don’t use the internet.

Let’s talk more about the picture of Warren Buffett, which I got at the Berkshire Hathaway annual meeting for a buck. Warren looks down on me, making sure I don’t make any dumb decisions with my capital. Charlie Munger is on the other side, and periodically I might turn it around so Charlie is looking down on me.

Best dollar ever.

And that’s really about it. It’s not the most glamorous desk, but hey, it sure beats one of those standing desks. Nobody likes those things.

A Message to 2016 Graduates

A Message to 2016 Graduates

If you’re actually graduating this year, you were probably treated to a big long ceremony which included a speech from some C-list celebrity that peaked in 2003. Wilmer Valderama, come on down.

Hey, not all of us can have Andy Samberg show up. Seriously, take 20 minutes of your day to watch that. It is so delightfully awkward. I’m legit surprised he didn’t get the ol’ vaudeville hook.

Those of you who have been around for a little while might remember that my annual speeches to grads are a bit of a tradition. It started off in 2013, when I pointed out that real life is much harder than college. I followed it up in 2014 by telling people that if they spent their life working hard and working smart, things would be much easier.

Because apparently I don’t know when to stop beating a dead horse, I followed things up with a 2015 edition that begged graduates to stop being so damn impatient. It’s great you want to change the world. But it’s not going to happen overnight.

And so that brings us to 2016, graduates. When I first started this series, you were only just entering university, a pimply-nosed nerd who thought that somehow getting out town and into college was going to get your ass laid. Naturally, this did not work, on account of you still being a pimply-nosed loser. At least internet porn exists.

College, today

The world of higher education seems to have changed completely in the last couple of years. Safe spaces have become a thing, especially for minority and LBGTQ students. Colleges, which have long been a bastion for liberal thought, have almost become dangerous for those who don’t share the same opinion as the prevailing wisdom.

My understanding of this issue is most students think the same way about safe spaces as reasonably informed people in the real world. They think that people should have the right to spend time in places they feel safe. They’re just not sure those freedoms should extend into places where being uncomfortable is a good thing for long-term growth, like in the classroom or the workplace.

See, graduate, here’s the deal. Maybe you don’t want to feel uncomfortable at work. But Bob from accounting doesn’t give two craps if you feel safe at work or not. As long as he’s not breaking the law or about to get himself fired, he’s going to give you hell if your results aren’t up to snuff. Bob cares far more about the health and welfare of himself and his kids than he cares about some new grad the company hired.

The big picture

This brings up a bigger issue. At the end of the day, colleges are echo chambers. Liberal students end up learning from liberal professors who are the underlings of liberal university staff. Because these people all look at the world in the same way, they think alike. They all agree that Donald Trump is the devil and Jon Stewart (RIP) is our GOD. There is no room for alternative thinking.

If you surround yourself with these people, you will never grow as a person. All you’ll do is continue to hear the same opinions as you always do, which further cements your beliefs. That is not a formula for growing as a person.

For whatever reason, we’ve decided that the opposite side of the argument isn’t even worth listening to. The internet has turned debate from a respectful thing into a contest of who can use the most swear words and condescending language. Whoever is the biggest asshole wins, apparently. Both sides of the political spectrum are guilty of this.

People who just scan the comment sections of Gawker, the New York Times, or Breitbart think this is ridiculous, of course. We all realize that in the scheme of things, it’s just not worth our energy to get that upset about which gender takes a whiz in which bathroom. We have more important stuff to worry about, like whether Bob from accounting is going to fire our asses.

The problem is that you, graduate, have never had bigger things to worry about. You don’t have the kinds of problems those of us in the real world have because you’ve never been in the real world.

Say this whole getting a job thing doesn’t work out. Most of you can (and will!) end up back in your parents’ basement after just one phone call. You’ve got a built-in support group that is conditioned to feeling sorry for you. Sure, most of us older folks have a similar group of sympathetic friends, but we’re conditioned to feel pride in being able to take care of ourselves. If you think it’s bad being a 22-year old who moves back in with their parents, try being a 32-year old who does. That person is mocked, and rightfully so.

We have a new generation of kids entering the working world who have never really dealt with adversity in a big way. Their parents protected them. College protected them. And they protected themselves by only exposing themselves to one side of a lot of different complex arguments. They’re about to enter a very different world.

This will be a shock for many people, especially ones who insisted upon safe spaces and trigger warnings at school. If these folks don’t figure out things quickly upon graduation, they’ll quickly devolve from promising young grads to bitter entry-level employees who somehow think it’s The Man’s fault that they’re not junior vice-president after a year of mediocre service. That’s not a formula that’ll get anyone ahead.

Luckily, there’s a solution to this, and it’s really easy. You just have to change your attitude. Instead of thinking of the world as a you-centric place, think about what you can do for the world.

If you don’t get ahead after a year and your job no longer challenges you, be thankful you have the mental energy to be creative outside of work. Start a side hustle to harness those creative juices.

If you can’t afford to buy a house because of Canada’s real estate bubble, focus on how good of a deal renting is.

If one of your co-workers suck, spend time appreciating all the awesome co-workers you have.

Focus on what you can do to make your life better, rather than insisting somebody else make changes to accommodate you.

Here’s the deal, graduate. The world is your oyster. It really is, even if I’ve spent 1,000 words telling you how it’s hard. There will come a point when you just shake your head and marvel about all the opportunities out there.

This won’t happen unless you have the right attitude. If all you focus on are negative things, you’ll see the world in a negative way. If you focus on viewing the world the same way as the average university student, you’ll miss out on all the valuable contributions made by people who don’t view things the same way as you do.

Embrace this new world and ditch the echo chamber of your old one if you want to succeed. Your schooling might be over, but your education is just beginning.

Trip Recap: Berkshire Hathaway Annual Meeting 2016

Trip Recap: Berkshire Hathaway Annual Meeting 2016

A quick note before we begin. I don’t normally like to do posts about stuff like this. You people don’t come here for a diary of my life. You come for interesting finance information and those shirtless pictures I totally didn’t just Photoshop my face onto.  So I’ll try to weave in some lessons about what I learned from the Berkshire Hathaway annual meeting along with the trip recap stuff. 

Like any investor, I idolize Warren Buffett. I’ve read the living crap out of The Snowball probably about three times now. I’ve read hundreds of articles about the guy over the years. And he’s probably entered my head thousands of times.

Buffett doesn’t need an introduction, but screw it. He’ll get one anyway. Buffett is the greatest investor the world has ever seen. He killed it as a micro-cap stock investor in the 1960s, starting a hedge fund before that product was really a thing. He then switched to more of an intrinsic value kind of guy, and then he killed it that way too. Along the way Berkshire Hathaway acquired all sorts of whole businesses, moves that have turned out pretty well. Oh, and Buffett happens to be one of the best insurance operators out there.

Is there anything the guy can’t do, besides limiting himself to fewer than three Cokes a day?

Buffett isn’t getting any younger, so I figured that if I was going to go down to Omaha to the Berkshire Hathaway annual meeting, this year would probably be a good choice. Both Buffett and his right hand man Charlie Munger could easily die tomorrow. They do have a combined age of 177, after all. Last I checked that’s a lot, especially for guys who don’t seem particularly healthy.

So I went to Omaha. But not without some difficulty.

It all started a few days before I left. Our hotel got struck by lightning, which caused a fire. The hotel was fine, but sprinklers and fire hoses soaked the place to the point where the place was inhabitable. Naturally, I found this out from a source other than the hotel, and on the morning I was supposed to leave.

You can imagine my shock. Here I was with non-refundable plane tickets about to go to a smallish city on the biggest weekend of the year. This was going to cost a fortune. Fortunately, Berkshire’s decision to live-stream the annual meeting brought attendance down about 10% compared to the year before, which meant there were rooms available. The total hotel cost was $700 for four days, split with my traveling companion. So that was reasonable.

As an aside, he had his own problems getting to Omaha. First his plane was delayed two hours due to mechanical issues, and then the plane couldn’t land through the crazy storms Omaha was having that day. The plane went back to St. Louis, refueled, and then was able to get to Omaha.


Once we made it to Omaha without God smiting us directly with His wrath, things went much better.

Friday was dedicated to the Berkshire Hathaway trade show. Dozens of different Berkshire Hathaway-owned companies filled Omaha’s conference center selling everything from NetJets memberships to Dairy Queen dilly bars. This year’s marquee item were the Berky boxers, made by Fruit of the Loom, which cost a grand total of $8. That was a bit of a rip-off considering I bought five pairs of regular boxers for $7, but what am I supposed to do, not buy these bad boys?

berky boxers

The strategy behind this trade show is really quite simple. Berkshire rents out a giant hall, stuffs it full of products that it owns, and then encourages people with money to show up for the good deals. For all the money they lose selling Dilly Bars pretty much at cost, the company gains back by selling those Berky boxers or t-shirts with the Geico logo on it.

“I can’t believe I just paid money for a t-shirt that says Geico on it.” — an actual quote

The biggest takeaway I got from the trade show was just the power of knowing your customer. Some 40,000 people show up each year in Omaha, eager to hear Buffett talk about all sorts of stuff. They’ve already shown they love the guy just by showing up. You could sell them anything with Berkshire logos on it.


Friday was just a warm-up to the main event, the shareholders meeting on Saturday.

The doors were supposed to open at 7:00am, and word was you had to get there early to ensure a decent seat. We got there shortly after six, fighting a torrential downpour the whole way. The doors opened at about 6:30 to let people out of the rain.

Overall, our seats weren’t bad. We were just a little too late to get floor seats, but we did secure decent seats about 20 rows up. We were probably 150 or so feet away from Warren and Charlie up on the stage. We could have probably gotten closer, but we really didn’t care. Getting a few sections nearer to the stage wasn’t about to make things much more enjoyable.

After the hilarious shareholder video–which included cameos from Jamie Lee Curtis, some of The Office cast, Bryan Cranston, and others–it was non-stop Warren and Charlie. Questions came from the audience, media, and analysts. Buffett and Munger answered all of them.

Buffett gets all the attention, and rightfully so. He’s been the guy who’s built Berkshire into what it is today. He didn’t disappoint either, switching between insightful and funny with ease. But he tended to ramble on a little too long and repeat himself somewhat. He also had a habit of only sort of answering questions. He’d address one part of a question and not another.

I’d almost say Munger was the highlight of the event. He probably said a tenth of the words Buffett did, but his words were very purposefully chosen. None were wasted. Charlie made his point succinctly, and he’s just as funny as Buffett. It’s criminal that Buffett gets so much of the limelight and Munger gets almost no public credit.

I could spend another 1,000 words saying what I learned from Charlie and Warren. Instead, I’ll just do some quick summaries.

Dismiss bad ideas quickly

At one point, a cattle rancher asked the two whether they’d invest in cattle. Charlie dismissed the idea as quickly as it showed up, saying he can’t think of a worse business.

The lesson: Don’t spend time on crap ideas. Punt them to the curb as soon as you can and move on.

Don’t be a macro guy

When asked about macroeconomic factors, Charlie Munger had this to say. “Microeconomics is what we do, macro is what we have to put up with.” Both Buffett and Munger repeatedly pointed out they have no idea about macroeconomic issues, and they don’t really spend much time thinking about them.

The lesson: You might think stocks are expensive, rates are going to go up, or the Eurozone is about to collapse. But you don’t know for sure. The easiest way to minimize these risks is to just invest. Dollar cost average into good ETFs or great companies and call it a day. Don’t bother trying to be an economist. Actual economists have trouble with this stuff. What chance do you have?


Berkshire has a simple company policy. When shares get below 1.2 times book value, the company buys back stock. Buffett stated that if shares ever got back below 1.2 times book, he’d back up the truck and aggressively buy back shares.

There are very few companies with that kind of discipline. Most buy back shares when the price is expensive, because times are good. That’s when they have the most cash. This doesn’t work out well, for obvious reasons.

The lesson: Don’t be reactive. By setting ground rules when you’re thinking clearly, you can take advantage of opportuntites later.

Should you go?

I really enjoyed my time in Omaha, but I probably won’t be going back next year. If you’re a hardcore investor it’s probably worth your time to make the pilgrimage at least once, but it’s mostly for the atmosphere. Omaha isn’t a very exciting city, and it turns out you can’t get very close to Warren Buffett’s house. But hey, it was fun.

warren buffett's house

Financial Uproar Stock Picking Contest Rules

Rather than typing out the rules for the Financial Uproar stock picking competition a million times over the next X number of years until I get bored of this and go live in a cave, I figured I’d just put them all in one place.

Here’s a link to previous contests in case you’re into such things.

If you’ve entered before this will all just be a reminder, but here are the rules for the rest of the unwashed masses.

1. Each participant picks four stocks that trade on the TSX, TSX Venture, NYSE, NASDAQ, or OTC stock exchanges. ETFs are fine, but no screwy weird exchange traded notes. (This is the Don’t Quit Your Day Job rule). I’ll use the Canadian ticker automatically for any inter-listed stocks.

2. Total return is counted, including dividends. To make it simple, each pick is assigned a one quarter weighting. Total return is an average of the four top picks.

3. Currency fluctuations do not count.

4. If a stock is taken over during the year, you’re locked into that return.

5. Deadline for entering is December 30th at midnight. Whichever time zone you’re in.

How do I enter?

You can either:

a) comment on this here blog post with your picks

b) send me a message on the Twitter

c) email me (financialuproar at gmail dot com).

(I will also be sending an email to everyone who participated last year, which you can reply to)

And that’s about it, kids. Good luck, cause you’re gonna need it against my STOCK PICKING GODLINESS.