Posts made in February, 2009
A Lap Of The Blogs
If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world. Shameless self-promotion I was quoted in a few articles in the mainstream media this...
Read MoreDividend Capture Strategy
The dividend capture strategy is fairly simple, but is not without its drawbacks. First let’s explain what it is. As you may know, there are many companies that pay dividends to stockholders. If you own shares in a stock on the day before the stock starts trading “ex-dividend” you are entitled to receive the dividends owed on that stock, even if you sell it once it starts trading “ex-dividend”. If you buy the shares on, or after the ex-dividend date, you do not get to collect the next dividend payment. So the dividend capture strategy simply entails looking up the ex-dividend dates and purchasing stocks of various dividend-paying companies...
Read MoreWrite a Put, Buy a Put
Last week, I discussed writing puts as an alternative way to accumulate stock. To re-cap, writing a put option means you are selling someone else the option of selling a stock to you at a certain price for a certain amount of time. They may choose to exercise this option when the stock in question is trading below the strike price of the put option contract. If this happens, the stock is “put to you” – meaning you are forced to buy it. As an example, let’s assume that stock XYZ is trading at $50/share. If you sell a put option for $45/share then if the stock drops in value to $45/share, you may end up being forced to buy it. If XYZ never gets down...
Read MoreHow Are The Pros Investing Their Money Right Now?
I came across an interesting article in the Wall Street Journal, written by Eleanor Laise, and titled Where The Financial Gurus Are Putting Their Own Money. It’s quite an interesting read on a number of fronts. Quoted in the article are Jeremy Siegel (Stocks for the Long Run), Robert Arnott (Fundamental Indexation), John Bogle (Vanguard), Muriel Siebert (brought the first national discount brokerage to the US!), and David Dremen (Dremen Value Management LLC). Each reveal some information about their personal portfolios. It’s probably not surprising to learn that if you ask six people the same question about investing, you get six different answers for the...
Read MoreThe Credit Crises Explained For Beginners
My brother found this link and shared it with me, so in turn I thought I would share it with you. This is a 10 minute video (embedded below) that attempts to explain the crisis of credit from absolute scratch. It does a fairly good job and is certainly worth a view. Enjoy! The Crisis of Credit Visualized from Jonathan Jarvis on...
Read MoreA Lap Of The Blogs
If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found interesting and think that others may want to read for themselves. I also include some commentary on what’s going on in my personal life and a weekly “racing video” since my former life was in the auto-racing industry. The name “Lap of the Blogs” is in reference to “A Lap Of The Gods” which is an old video series which chronicled on-board footage of the world’s greatest F1 drivers lapping various racetracks from around the world. Well now this was a special week for me. I had the privilege of meeting up with some...
Read MoreFinancial Advisors and Derivatives Training
It may come as a surprise to learn this, but relatively few financial advisors are licensed to advise in options or futures (let alone other derivative products). As I’ve alluded to before, there are roughly 100,000 financial advisors in Canada and less than 30% of those 100,000 are licensed by IIROC (Investment Industry Regulatory Organization of Canada) – which is who you need to be licensed by in order to trade and advise on individual securities. The other 70,000 (approx.) can only advise and trade on mutual funds, GICs and government savings bonds for the most part. But of those 30,000 who are IIROC licensed, not all of them have either an options...
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