the Wealthy Canadian

Empowering Investors

Entries from October 2007

Trends and the stock market

October 11th, 2007 · No Comments

Pop quiz; what does fractal geometry and the stock market have in common?
Answer; Benoit Mandlebrot. Mr Mandlebrot was a fractal geometrician who noticed patterns of change and dubbed them the Joseph and Noah effects.
The Joseph Effect describes persistence. Trends tend to persist. It is either feast or famine. A winning team continues [...]

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Tags: Economics · General

Managing Risk in Personal Finance

October 10th, 2007 · No Comments

Way back when I was about 20 I went to work in the oil patch. I will admit that I was very nervous. Who can blame me with all of the horror stories about people losing limbs to ’spinning chains.’ But before I could set off to work I was first sent [...]

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Tags: General

Million Dollar Journey Hosting a Contest

October 10th, 2007 · 1 Comment

I love finance and I free stuff! Million Dollar Journey has combined those interests by hosting a contest where you have the chance at winning a signed copy of “An American Hedge Fund” by Timothy Sykes. In case you’ve never heard of this book:
“it’s a true story of how a young trader [...]

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Tags: Contests

Happy Canadian Thanksgiving

October 9th, 2007 · No Comments

It was a great weekend, filled with great food (and beverages) while surrounded by friends and family.  What is wealth if it’s not being able to enjoy life on weekends such as these?
A long weekend allows us common folk the chance to taste what it is like to be able to kick back and relax [...]

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Tags: General

Russ Whitney Review

October 4th, 2007 · 5 Comments

Many years ago I went to a one hour seminar hosted by Russ Whitney about how to make money in real estate. I was completely sucked in and at the end of the hour found myself paying for a three day seminar so that I could learn more.
For posterity sake I’m going to [...]

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Tags: Book Review · Real Estate