By Andrew
I’ve been building up a position in McDonalds over the last few weeks (see my previous posts here and here for details). In the most recent post I said that the stock would probably trade lower and I was looking for resistance around $50 per share. Well on Monday the stock hit that level thanks to […]
Entries from January 2008
Stock Update: McDonalds - Apparently Recycled Bad News is Still Bad
January 29th, 2008 · No Comments
Tags: Stocks
Stock Purchase: Apple
January 28th, 2008 · No Comments
By Andrew
In my previous post about the recent decline in Apple shares I noted that I was looking into starting a small position. On Thursday January 24th I bought 10 shares of AAPL at an average purchase price of $134.00 per share. At the current levels the stock is trading at a Price-to-Earnings ratio of […]
Tags: Stocks
Stock Analysis: Apple - Sometimes Doing Nothing is the Best Course of Action
January 24th, 2008 · 1 Comment
By Andrew,
Recently I’ve been keeping a close watch on Apple (AAPL) as a potential stock purchase. Anyone who even moderately follows stocks knows what a phenomenal year Apple had in 2007. The stock was up over 130% and the company has been firing on all cylinders. However, share price has begun to slide in 2008 along with the […]
Tags: Stocks
Stock Update: McDonalds
January 18th, 2008 · 1 Comment
By Andrew
In my last post I disclosed a stock purchase of 25 shares of McDonalds (MCD). As I explained in the post I happened to pick a day that the stock got hammered after, in my opinion, a very wishy-washy downgrade. I said that I was going to use the weakness in the stock to load […]
Tags: Stocks
Do You Know Your Skill Gap?
January 18th, 2008 · 2 Comments
By Justin
I am always curious whether people really know what their strengths and weaknesses are. I’m sure most people do, but there are a few that highlight the importance of knowing them.
The thought first occurred to me as I was watching an episode of Restaurant Makeover. The restaurant had been losing money since it opened […]
Tags: General
FYI: Being a Landlord Requires Management Skill
January 16th, 2008 · 2 Comments
By Justin
In light of operating my investment property for a little over 5 months I’ve learned some pretty hard lessons and also discovered some that make life a lot easier. I realized very quickly that if you live more than 1 hour away from your property you must be able to manage a property at […]
Tags: Real Estate
Stock Purchase: McDonalds + Lesson Learned
January 13th, 2008 · 2 Comments
By Andrew
On Friday morning I bought 25 shares of McDonalds (MCD) at an average price of $56.70 (adjusted for the trading fee). The stock proceeded to promptly drop more than 4% below my purchase price. The catalyst for the drop was a downgrade from a Friedman Billings Ramsey analyst saying that same-store sales growth could begin to slow this year […]
Tags: Stocks
Options Backwardation
January 8th, 2008 · No Comments
By Andrew
Watching CNBC’s Fast Money last week one of the analysts discussed an interesting trade for January based on the theory of Options Backwardation. Backwardation occurs when the implied volatility of an option, which is used in the calculation of the option’s premium, is higher in the near term than in the long term. Meaning […]
Tags: Market Commentary
20% Down Payment: Just Do It!
January 7th, 2008 · 2 Comments
By Justin
What do you know about mortgage loan insurance? In Canada it is provided by the CMHC, Canadian Mortgage and Housing Corporation. To quote the website, insurance is required when homebuyers make a down payment of less than 20% of the purchase price. These homebuyers are deemed to be more of a lending risk but […]
Tags: Real Estate
Book Review - Jim Cramer’s Stay Mad for Life: Get Rich, Stay Rich
January 5th, 2008 · No Comments
By Andrew,
On a recent road trip I listened to the audio version of Jim Cramer’s new book Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer). I enjoyed it a lot and decided that it would be a good idea to review it here on the site.
Stay Mad is the third […]
Tags: Book Reviews