Full Disclosure Finance

An unscripted look into our investing journey

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Entries from January 2008

Stock Update: McDonalds - Apparently Recycled Bad News is Still Bad

January 29th, 2008 · No Comments

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Tags: Book Reviews