The January Effect
It's been so long since my last update, that the mere act of creating this update feels strangely foreign. Besides being harassed by all the iTrippeds, and XRays, and GWillis of the world, lots has happened. Some good stuff, like our Honeymoon trip to Puerto Vallarta over Christmas which will get a special blog entry in the near future, some unexpected stuff like a break-in by my work desk, as well as some not so good personal stuff which I won't write about here.
One thing I will write about in this entry, is Stocks, which is why this Entry is titled "The January Effect". The January Effect is when stocks recover in January after having gone down in December due to tax sell offs, traders not wanting to hold stock during their vacations, as well as Institutions rebalancing their holdings and making room for new year's buying. The TSX has certainly done well, growing by somewhere around 6-8% this month alone. One of the stocks I owned and sold this week, seemed to have benefited from this effect. My buddy Chris recommended me a few stocks last year, and amongst them was a real gem. A digital radiography company named Imaging Dynamics (IDL on the TSX). The graph is a thing of beauty. I bought it for the short term, since I saw some positive signs on the MACD and Stochastic indicators, and ended up with what they call a 3-bagger on Wall Street. Thank you Chris!
The other reason I'm mentioning Stocks is because I'm currently taking the Canadian Securities Course. I've always been interested in investing, reading Money Sense magazine from cover to cover every month or so and watching ROB TV every morning. I've read a number of books as well and dreaming of learning lessons from Rich Dad instead of Poor Dad, truly becoming One up on Wall Street, and earning Multiple Streams of Income, I took this course. I gotta say, the course material is challenging. Often times challenging me to stay awake. While financial advice authors like Robert Kyosaki, William O`Neill, Peter Lynch, and Robert G. Allen have tried to appeal to average people and in the process, written books that are both educational and entertaining, the authors of my text book have kept things concise, very analytical and, unfortunately, bone-dry. Don't get me wrong, there's lots of interesting stuff in there, but the presentation could use some work. Perhaps I`m expecting too much.
Considering how often I wake up with my face in my textbook, I'm just glad the print doesn't rub off. :-P
One thing I will write about in this entry, is Stocks, which is why this Entry is titled "The January Effect". The January Effect is when stocks recover in January after having gone down in December due to tax sell offs, traders not wanting to hold stock during their vacations, as well as Institutions rebalancing their holdings and making room for new year's buying. The TSX has certainly done well, growing by somewhere around 6-8% this month alone. One of the stocks I owned and sold this week, seemed to have benefited from this effect. My buddy Chris recommended me a few stocks last year, and amongst them was a real gem. A digital radiography company named Imaging Dynamics (IDL on the TSX). The graph is a thing of beauty. I bought it for the short term, since I saw some positive signs on the MACD and Stochastic indicators, and ended up with what they call a 3-bagger on Wall Street. Thank you Chris!
The other reason I'm mentioning Stocks is because I'm currently taking the Canadian Securities Course. I've always been interested in investing, reading Money Sense magazine from cover to cover every month or so and watching ROB TV every morning. I've read a number of books as well and dreaming of learning lessons from Rich Dad instead of Poor Dad, truly becoming One up on Wall Street, and earning Multiple Streams of Income, I took this course. I gotta say, the course material is challenging. Often times challenging me to stay awake. While financial advice authors like Robert Kyosaki, William O`Neill, Peter Lynch, and Robert G. Allen have tried to appeal to average people and in the process, written books that are both educational and entertaining, the authors of my text book have kept things concise, very analytical and, unfortunately, bone-dry. Don't get me wrong, there's lots of interesting stuff in there, but the presentation could use some work. Perhaps I`m expecting too much.
Considering how often I wake up with my face in my textbook, I'm just glad the print doesn't rub off. :-P
posted by Endless Drool at
8:22 PM
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