I hope everyone managed to navigate the funky market this week, interesting behaviour as always. Will cover it in more detail in a post later this weekend.
In the meantime, the end of the month is almost here and my dividend income is moving forward once more, looking like a nice return although not as nice as last month :). I’d ultimately like to smooth the income out over time so i’ll be focused on that in the coming months.
I’m also experimenting with another income generation technique which i’ll cover in due course, so far it has been very successful but it hasn’t been tested enough yet.
Anyway here are some articles i read this week..
The timing of this is somewhat uncanny, i eluded to the food prices going up here last week…
He also discussed the biotech bubble and a few other interesting tidbits. Always worth a read.
Here is a snippet which i thought was very good:
‘Everyone, myself included, can and will get things wrong in the markets. The goal should be to get less things wrong as time goes on and to avoid getting things wrong for the wrong reasons – easier said than done but a highly attainable goal worthy of pursuit.’
Another good trader bite from FT71, this is more for traders but always worth a watch regardless.
I am on the DRIP side however both approaches as he points out have their pros and cons. You just gotta find what works for your particular situation.
And finally, i love documentaries and interviews on youtube, there is a goldmine of information out there. I thought this was an interesting video on an ex-Goldman Sachs Trader discussing the work from about a year ago. I’d highly recommend looking at the crazy predictions people were spouting out at the heart of the financial crisis on youtube and then look where we are now. It clearly shows that you have to do your own homework.
Image courtesy of Ohmega1982 / FreeDigitalPhotos.net