Monday, September 1, 2008

Dumb Money by Gary Wolff and Joey Anuff

The book is set in the middle of the .com explosion, both of the others are day trading and recount there crazy tales in this insane time. It gave me insight into the dot gone crash that was new to me. A very easy and quick read that makes investing sound like the super bowl in overtime full with emotional mix up and depression. The two authors meet up at a trading seminar and give advice to each other through some message boards. They also head to a large traders convention and learn from the best. Certainly a book to read before you quit your job and pick up day trading! Not for those looking to learn about technical indicators and catching stock trends, but there si lots of information on how the world of equities turned digital. In several chapters the authors talked about the different ECN's which was brand new to me! And the SOES thieves who stole the spread with their quick computers when some institutions were still stuck in the paper age.

Overall a decent book, slow in parts but some great advice into the world of trading and the emotions that run with it all!

Monday, April 21, 2008

Teck Cominco

Well after some success in nike i decided to buy a Canadian stock and more precisely in the precious metals sector where prices are escalating. I researched a couple stocks but Teck Comminco (tck.b) seemed quite safe compared to the likes of some smaller companies. This time I decieded to learn what Jim Cramer says an investor should use for every trade: limit orders. For this trade I was not very patient and perhaps hoped for something too good. On monday, I set the order 45 cents lower then the closing price. The price never got there and I ended up with stocks at the closing price for the end of the day. I don't understand why I got them but everything turned out alright and the stock headed up. Next I'm going for an energy play like Husky or Encana . Right now I'm leaning towards Encana. Any help would be awesome.

The teen dollar @

Thursday, March 27, 2008

Finding the next Starbucks.

By Michel Moe

The book is dull and doesn't talk at all about finding the next big thing, the main idea was about mega-trends that revolutionize the economy and certain industries trends such as health care because of the aging population demand for new products has increased. So the authors goes on to say inside these mega-trends are many smaller trends so for example in pharmaceuticals there would be bio-technology. Some comparisons between successfully companies of today and companies that have either went bankrupt or stayed barely alive then showed their fundamentals statistics when small caps then followed them to today. Companies like BestBuy vs Circuit City, Dell vs Automated Data Processor these were by far the most interesting.

In the end this book will not go on my list of favs but I would recommend it to all.

I own stock!!!

Just recently, I purchased my first stocks; the moment was just right . Nike stocks hit a slump and I took advantage picking up a nice gain with the quartely earnings up huge.
Now I'm looking to diversify in either a bank stock, energy stocks or a gold stock. I was looking @ RBC for banks, Encana for energy and Yamana as the gold stock.

Wednesday, February 27, 2008

The Motley Fool's guide to Teen Investing

Well this book was very boring and the ideas were very repetitive. Only about 20 pages on stocks and thats all I was interested about, the rest was success stories, budgeting and saving up money. Would recommend it to complete beginners. Not on my list of favorite books, the authors tried to make the book appeal to teens but it failed miserably.
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Thursday, February 21, 2008

The little book of Common Sense Investing

By John Bogle

Well although this book was very interesting and a quick read, it had completely discouraged me from ever becoming successful hand picking stocks. The authors main idea is that over the long term no investor will ever beat an index fund. Not surprising since he was the inventor of the first index fund. Almost each couple of pages has a graph comparing many index funds compared to other mutual funds, the numbers are actually astonishing. A very good read for beginning investors as well as veterans.
I was frustrated with my parents financial adviser that had never suggested an index fund to them or myself.I suggest this book to all . Why try to beat the market with complex strategies just be the market.

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Saturday, February 16, 2008

My list

Well after a fair share of research I came up with a list of stocks. I used the Warren Buffett philosophy of buying stocks of companies you like.Here it is:

1.Nike (nke)
Awesome brand, I wear the hockey equipment and the bball shoes. Also I read some articles about how the Olympics could have a large effect on Nike . A very safe bet with a good balance sheet, great dividend and plus Warren Buffett owns some!!!!!

2.Jamba (jmba)

A lesser known name especially in Canada but on a trip to New York this past summer I discovered it. It was very hot, so we decided to try a smoothie from Jamba Juice, it was amazing so a couple weeks ago ,I looked it up on google finance and did some research. The 60 % drop since the summer scared me a bit , but the potential is huge. They signed a deal with Nestle for their drinks to be sold bottled. And they are expanding to new areas with new stores at an amazing pace , the stock sells at under 50% of it's book value per share , very low p/e 8, no debt and double digit profit. margin

3. Johnson + Johnson (jnj)

Another of Warren Buffett's picks, good long term prospects and a good balance sheet.
Large dividend great with a history of raising it.Great long term pick.

4.General Electric (ge)

Very safe bet and most of its profits aren't from the US so protected from the imminent recession. Large dividends . The world will always need appliances!!!!

For now i'm still researching but some secondary choices are the following:

canadian tire
shoppers drug mart
bank of nova scotia
Procter + Gamble

Any ideas , suggestions or whatever

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