At the start of the year I actually published a Stock Picking post about what to buy this year. It was mostly me being snarky about stock picking done by other bloggers, but I started to think I should continue to eat my own dog food, and figure out what my stock picks did, in terms of return.
|Loss or Gain||0.00%||-1.37%|
Losing about 1.4% is nothing to brag about, but, given the volatility of the market it isn’t too bad either. My guess is this could be a volatile year. We shall see what the summer does my stock picking prowess.
It is Friday the 13th today, it must be true that someone has done something odd financially today, because of this date. If you have, shame on you!
I was intrigued by a statement I saw on Reddit, that the RBC will no longer allow you to buy Crypto Currency with their credit cards. The statement doesn’t give a reason, and simply does the Canadian thing, and apologizes for the inconvenience. I am a big fan of brevity, but that is astoundingly terse for that kind of decision. My guess is they just don’t trust the Crypto-currency marketplaces enough to allow their credit vehicles to be used there. If I can’t use credit cards to buy cryptocurrency how do I pay for it? Gold (Au)? Cash? Other cryptocurrencies? Intriguing.
In other financial news I threw up in my mouth when I read Mackenzie fined for excessive promotional spending. The money spent is your Management Fees, and that is where that extra money goes? I still feel nauseous . Your retirement money is giving folks iPads? Wow.
My Recent Writings
What is a Serial Refinancer ? You know someone like this, they keep building up credit card debt, then either getting consolidation loans or adding it to their HELOC or worse their mortgage. This is serial murder for your finances.
I don’t think folks understand that with investing, when you sell is more important than what you buy. I attempt to elaborate on that with 2 Key Investment Strategies. Being a Millionaire “on paper” means nothing, until you have the money in your hands, you are not a millionaire.
Micro Blogging on Finance
More women are filing for bankruptcy, is this a win for women? Truth of the matter is, I don’t think so, but there is a podcast to talk about that one this weekend.
Our #bankruptcy study revealed more women are filing insolvency. To discuss why this is happening, we have guests @GailVazOxlade, @squawkfox, and @alison_petrie3 w/ co-host @sharonhoyes on this Saturday's podcast! Subscribe so you don't miss it: https://t.co/WlupwSpVii
— Hoyes Michalos (@HoyesMichalos) April 5, 2018