The part I enjoy most about this Vector for Invective (blog) is the fact that the Financial Industrial Complex and the media that breathlessly feeds at its trough provides such a target rich environment for my vitriol; sadly I lack both the time and depth of vocabulary to truly do their vapid pronouncements justice.
“Markets declined today in a wave of profit taking”
Years ago I had a Russian on my team; endowed with great technical skills, he would still periodically find himself with a dilemma, perhaps with a choice of differing approaches to resolution. He would come to me and lay out the problem, describe the various solutions, Continue reading →
It will be 12 years this May since neglect of my RSP holdings forced me to take action, sell off an over-sized foreign holding and finally buy in to my DOGS of the TSX theory. If you’ll recall from a previous post, I adapted the DOGS of the Dow strategy to the – at that time – TSX100 Composite index, now the S&P/TSX 60. The Dogs of the Dow is a stock-picking strategy in which one buys the top 10 best yielding companies in the Dow Jones Industrial 30, in equal number, and re-balances annually.
In my application, I invested equal sums in 5 of the top six yielding companies on the TSX, re-balanced and re-invested dividends annually, on the anniversary.
It was based on the performance of this method that I chose an early retirement.
In kicking off this blog, I referred to the abysmal long-term performance of the big name mutual funds, my desire to improve on their numbers and my intent to show the way to others. Well, long before I recognised the stupidity of trusting “smart money”, I came across a reference to Dogs of the Dow. Continue reading →