Saturday, October 13, 2018

Rogue Waves

Last week, millions of people got a taste of the crash with the Markets back 10 years ago in 2008. 

With a RRSP from work, I watched it lose 80% of it's value and wondering what kind of haywire outfit is my company using to invest my money. But, it's all driven by the 'benchmarks' of the Markets and if I did ask for a sell, that would of been foolish looking at the history of the ups and downs over the years and decades. Eventually they rebounded back to the original value and I was a happy, but relieved camper.

Keen investors watch until they figure the Markets are as about as low they figure they will go and then begin buying at a cheaper price than before the 2008 fiasco. As shares rise in value, others join in on a general 'Bull' run for awhile and the past drastic drop goes into the history books

In contrast and after the bubble popped with Bitcoin heading into 2018, it's quite clear to see how the above works as BTC climbed and fell, hundreds of USD dollars in value at a time. Bull and Bear runs. Buying low and selling high but the big difference, Bitcoin is a lot more unpredictable than the stock markets. In stocks there are normally signs of a storm to come as they did before last week's rout.



However, Bitcoin did fall with the Markets from it's average position hovering around $6500 USD... falling to around the $6,200 range for now. I expect it to rise to normal but again, highly unpredictable. Those who HODL, will be glad once it does climb again.

As for me, I tend to go for long term investing and that's what I seek, bracing for those rogue waves like last week although I enjoy a 'quick fix' for some excitement from time to time. Something with a quick gain.

Concluding for today, the flying public will be or should be glad to see that employees of the major airlines in Canada ... Air Canada and Westjet have mandated that even when off duty, those employees involved in the 'safe flight' aspect, can not use marijuana when it is legalized. Aircraft Maintenance Engineers and mechanics, for example ... that certify an aircraft safe and mechanically sound for flight.



Wednesday, October 10, 2018

Data Farming

Social Media and the farming out of data. That's a reoccurring topic in the news for 2018, starting with Facebook, front and center. Personal info being bought and sold on the advertising market place although our privacy is supposed to be protected?

Recently, Google removed Google+, it's version of social media like Facebook due to data breaches. It's different circumstances where hacker's don't stop until they find a way in and sell data on the black market. Election meddling comes to mind.

I use comparisons to make sense of things. Over 10 years ago when I started searching for my for first $1 USD, I figured I'd better read up on how. Browsing through and dismissing 'get rich quick' and 'millionaire overnight' stuff on Google search. (that continues today) I stopped and researched selling actual products for example and building a personal business; advertising to folks to see if they are interested in buying products. You really need a 'list' of people, contact information, etc. I read multiple times from various sources and articles on how to 'buy' a list of people on a regular basis. Well, that looks easy!

Being a green horn and novice I did just that with zero results and soon cancelled all that when I realized I was being taken for a ride and fell head long into my first online scam. List selling continues today. I eventually moved on to the passive side of earning a dollar online.

Some folks have a natural talent and drive for selling and making a good to luxury type living doing that without list buying. Real Estate agents come to mind. With experience and integrity, folks soon come to them as the word spreads.

Rewinding to Social Media and the farming out of data. Sort of the same thing with that list building outfit I subscribed to. They package people's information and sell it. Eventually flyers arrive in the mail and/or phone calls from solicitors,'call centers', etc. The spam folder filling up in your email provider with the odd one landing in your 'inbox' so you see it first where the sender hopes you open it. Christmas themed boxers 'half off' that light up and play a jingle.

I probably would of had a look at that one.

Canadian Revenue Agency (CRA) scams are rampant for example: crooks phoning folks to deposit money in bogus accounts to pay their tax arrears. Where did they get the phone numbers? No doubt ... social media being one source.

All this selling of personal data and breaches shouldn't be happening of course but it's about making money and it's big business.

So, how do I protect myself from all this? Only solution I see is to either stay out of Social Media sites or use an alias/fake name with no contact or address details ... stay anonymous with just a nickname you select for example.



Sunday, October 7, 2018

Thanksgiving

Tomorrow is Thanksgiving Day in Canada and I'll top it off with a Turkey dinner.

The weather remains mild here in Nova Scotia with just a light coat required early
morning until it warms up.

My Boys, the Montreal Canadiens surprised me again in their 2nd game of the season,
beating the Pittsburgh Penguins, 5 - 1. Their star goalie, Carey Price is in great form
and hopefully, hell stay injury free this season but it's a long grind with the 82 game
schedule.

Here, in the latter part of 2018, things got a tad more expensive for Canadians.
The Bank of Canada is slowly hiking interest rates and the price of oil per barrel
is up, fluctuating around $75 US. That makes gas and heating oil more expensive.

Here in Halifax, the building of high rise apartment buildings never stop, 12 months
a year ... one after another and several at a time. That brings me to REIT's, Real Estate
Investment Trusts, that own the majority of these buildings along with retail
shopping complexes, malls and office buildings.

Buying into these REIT's in the stock market has been one of the steadier investments
over time. The plus being, getting paid monthly dividends based on each 'share'
owned. However, rising interest rates will have some affect on the price of the shares.
It costs more to mortgage these new buildings and when renewals come due for
existing buildings not paid off ... plus loans for other expenses. There are few
types of REIT's, ... residential, office focused, industrial, healthcare, etc.



However, long term is the plan and building monthly dividends for the future can
be a great additional source of income. REIT'S aren't going anywhere but some
mergers do happen where investors are informed in advance with the shuffling
of their shares and dividends.

That's just one area of investing I find interesting and I'll get into more sectors in
future posts.



Thursday, October 4, 2018

Speculatin'

The long awaited NHL season started last night as my team, the Montreal Canadiens were in Toronto to play the Maple Leafs. The Habs (Montreal) have a lot of new faces, playing with good speed and confidence. They gained 1 point with the loss to Toronto in overtime.

I was surprised to see a big crowd outside the stadium for the game. Usually only see that during the playoffs.

Next game will be another tough one against the Pittsburgh Penguins on Saturday. Their captain is Sydney Crosby, Halifax (Cole Harbour) born and he has brought the Stanley Cup back to Halifax a few times in summers past.

Along with a portion of my pay, I bring some funds over from crypto-currency related ventures to invest in dividend paying stocks. I'm a novice DIY investor (Do It Yourself) and learning as I go; doing a lot of reading when time allows. So far. my first two additions are doing well.

These days, fees for Bitcoin transactions are very low on the blockchain, so small impact when I want to convert Bitcoin to cash for my Bank account. Bitcoin is hovering around the $6500 USD range for awhile now. When I convert Bitcoin to cash that is taxable in Canada.

Positive speculation or what I call, hype ... drives interest in both the bitcoin ventures and in the stock market. Specially, in the stock market. Reading up on some companies recently, investors could and have easily doubled and tripled their money in their stocks in a short time. These type are usually buy and sell at the peak when possible. Risky business for sure but many investors thrive on that and find it a thrill ride 'if' they manage to get a gain.

Using Elon Musk and his Tesla car business as an example. His recent shenanigans caused a negative ripple or speculation with investors that possible perception that the owner is a tad "off" so shares dropped as investors sold.

He has recently stepped down but will remain behind the scenes for three years as part of a settlement with the SEC.

One of my recent moves in a bitcoin related venture is Crypto 300 Club. Payments have been going out steady and in a timely manner to my external crypto wallet. As I mentioned above, I have an eventual home for those funds ... for even further gains is the long term plan. More on that in my next article.



Tuesday, October 2, 2018

About Me

Welcome to my new Nova Scotian Wired blog and comments are welcome.

I've moved around a lot in my life from the US to British Colombia, Ontario and to the east coast of Canada ... Newfoundland. I came to Nova Scotia when I was 17 years old and left for a few years only to return to this beautiful Atlantic ocean bound province ... guess it would be close to 30 years here all together by now. I lost track of how many trades and jobs I have done over the years. I guess I'm one of those guys who's always searching, need change and find it a challenge to get up to that next level in what I'm doing until that's the ceiling.

It's October and the temperatures are staying below 20 C, Normal for this time of year but we'll get the occasional warm day right up to the end of December before the snow usually falls here to stay.
Last winter was very mild and hoping for the same in 2019.

I like to Blog, express myself in the 'typed' word and write about various topics along with my passion, investing. Expense like fees and taxes are always in the back of my mind and how to chop them to a bare minimum. I've added a 'disclaimer' to my sidebar on the right. Basically it's the way I do things. Don't invest unless it's money you can afford to lose and any current rates, earnings and fees are subject to change at any time. Accept the risk when involved in the stock and/or crypto currency markets ... associated sites.

As I add content to this Blog and here for the long haul, my associated site I'll be linking to is Gord's Updates with pages ... Blog Notes, Tickers and Trending and The Fintrek.

My next post will be about speculation, fees and the crypto scene.