Stupid Is Good

Las Vegas houses some of the world's most magnificent hotels. The Wynn, the Encore, the Bellagio, the Venetian, the Palazzo, the Palms, the Trump Hotel, the Aria, the Mandarin Oriental, the Mirage, the MGM Grand and Caesars Palace, to name just a few. And Caesars Palace in particular. It's the most colossal hotel and casino…

2023 Predictions

It’s all so short-term when you write daily. I sometimes go back to our newsletters from a year or more ago and, with the knowledge of hindsight, read in minute detail the reaction to overnight events and realise that we look too closely at the market. Much too closely, because, as always, there are only…

Renko Charts

Renko charts are non-time based charts that are only concerned with price movement. Renko charts are "time independent" charts that do not have constantly spaced time axes. They are named after the Japanese word for bricks or "renga". Here is a Renko chart of the S&P 500 this morning which has just ticked a sell…

The Richest Man in Babylon

THE RICHEST MAN IN BABYLON There is a quote in the Richest Man in Babylon that says: “But too often does youth thinks that age knows only the wisdom of days that have gone, and therefore profits not. But remember this; the sun shines today as the sun shone when your father was born, and…

Doctor consulting male patient

This May Save Your Life

This Article was written by Foundation 49, a body designed to raise awareness of Men’s Health issues and, in particular, the need for 50 year olds to get colonoscopies. It was written in 2014. “It’s quite nice having a day off and waking up to a nice hot cup of tea and someone telling you you…

Income investing 101

Income Investing 101

Many retirees open a bank account for dividends. Every stock they buy they do the paperwork directing the share registry to pay any dividends into that bank account. Non-retiree investors, as well as some of the wealthier retiree investors, will elect instead to have the registry use the dividend to buy more shares under the…

Stripping Dividends

ASX Education: Dividend Stripping

A Guide to getting the most out of Dividends – Every six months the results season comes around. Every February and every August and results time is the time to start maximising those relatively huge Australian dividend pay outs. On current forecasts over a third of the top 200 stocks yield more than 6.0% including…

Abd Er-Rahman III of Spain

“I have reigned for 50 years in victory and in peace, beloved by my subjects, dreaded by my enemies, and respected by my allies. Riches and honours, power and pleasure, have waited on my call, nor does any earthly blessing appear to have been wanting to my felicity. In this situation, I have diligently numbered…

Pull the Weeds

The life of a trader is not what most of us might imagine it to be – ie. glamourous, exciting and paved with gold. More likely it is solitary, private, a bit boring and when done right, provides a living. We could all be traders. We could all be Arnold Schwarzenegger too. Go to the…