Phantasmix Stock Blog

Photo credit: vflashton

We just returned from a Chapters/Indigo store, where I picked up a couple of books for $2 each. It’s insane! They’re perfectly nice hard-cover books in jackets, one of them is actually by Jim Rogers (”Adventure Capitalist”). And there was a whole bunch of books under $10. I noticed that some of them were printed in China, but others were printed in the U.S. and Canada, and they were these big, full color books for $7.99. How can they possibly cost so little? This is one area that inflation hasn’t touched at all, that’s for sure.

It’s a sad and shocking sight, but I guess it’s a sign of the times. I, too, read online a lot more now, mostly free resources. I can’t say it’s as enjoyable and/or useful as a book, but it sure is addictive.

And weather’s been really weird: it’s a nowhere land between winter and summer, not really a book reading season.

I have 6 books on my night table right now. One that I keep re-reading since I was about 12, one half-started, and four “fresh” ones. Going to try and make time for them in the next couple of weeks, and will cut down on my computer time.

The Fed finally admitted that the inflation is higher than previously announced. Even the lemur is surprised!

LOL i just think this vid is funny lame tie-in with the money topic.

I just love being right! It seemed like a no-brainer. FLSR lost ~10% in about 3 days.

My only regret is that I shorted it too early and didn’t have cash to do it even higher.

politician, noun
1: a leader engaged in civil administration
2: a person active in party politics
3: a schemer who tries to gain advantage in an organization in sly or underhanded ways

This third definition is usually omitted from modern dictionaries. Older ones would sometimes say “see also liar“.

I’m late to the party with my recession talk, because if you believe the news “there’s no recession” and we’re back in the bull market:

Image © waɪ.tiː

But, here it goes anyway. A typical recession-proof portfolio consists of:

• large-cap companies with stable growth and solid dividend
  ha, banks were supposed to be like that
• consumer staples stocks (food, alcohol, tobacco, household and personal care essentials)
  frankly, alcohol is so expensive in Canada, in case of a recession it would be the first to go for us
• healthcare
  this should be in the above category among “consumer staples”, because that’s what Valium and Viagra are by now; but seriously, Healthcare REITs might be a smart move
• bank deposits (cash)
  not too much, if inflation is running high and interest rates are low
• foreign investments
  you’d have to rely on analyst opinions with these, and that’s just not a good strategy; however I don’t mind Switzerland and their money