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”
Really? And what inspired the buyers? Continue reading
A fool and his money are soon parted, or so the proverb goes. I can’t think of anyone that has not heard some version of it and yet it surprises me still when I stumble across someone proposing to take you by the hand, leading you from the frying pan into the fire. And so it was that this past week I ran across two post within a day of each other, one advising you that you ain’t got what it takes to pick a stock so buy ETFs, and the other presenting a keeping-it-simple how-to.
When Canadians say “I’m sorry”, it’s followed by the word “asshole” in a pitch only other Canadians can hear — @lloydrang
While having only recently come to the decision to document my efforts to retire early and comfortably, I have already frequently made mention of my investment methods designed to keep us from supporting these so-called advisors of the Financial Industrial Complex. Specifically the ones whose MERs exceed our returns; the ones who consistently under-perform the benchmark indices they reference in their glossy propaganda. And in my Continue reading
I have been an owner of BCE Inc since 2003, and even when I bought it, I questioned the wisdom of the purchase. You’ll recall that I maintain a portfolio of Dogs of the TSX60, and my method involves a calendar (to time my purchases) and a spreadsheet (to find the top 5 yielding issues). BCE, although one of those “widows and orphans” issues, was also Continue reading
There’s more than one way to skin that cat:
My personal approach to wealth and beating the Financial Industrial Complex is through what I have referred to in this blog as the Dogs of the TSX method. While I recognise the inherent risk of high degrees of concentration in certain industries – financials during the 2008 crisis, for example – it has worked for me historically and I am loathe to change. Continue reading