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With the recent run-up in stocks over the past year, I’ve been slowly exiting positions in my portfolio that I wasn’t 100% confident in and reducing the money I’ve borrowed on the margin and going to cash in anticipation of a medium-large drop within the next year (hopefully!). Wal-Mart stock is one of them. Why I’m Selling Wal-Mart Stock Retail is Ultra-Competitive Retail is an extremely competitive space as consumers are pretty fickle. It’s just…
After living in South Korea, land of way overpriced consumer products and no big “everything under 1 roof” stores for almost 10 years, Wal-Mart in Canada seems like it would be a dream. Cheap, huge selection and everything you could possibly want. Except I went yesterday to pick up a few hard-to-find things in South Korea and came away with very little and I spent considerably less than I had budgeted for my “Wal-Mart in…
I talked last month about how I had an excess of cash just sitting in my brokerage account, earning no interest and how I was kind of paralyzed by indecision. I decided that no decision was not really a good decision in this case, and so I put in some limit orders for stocks that I only had a 1/2 position in for some reason or another. Generally, I consider about $5000 US worth of…
When I talk to friends and acquaintances about investing and personal finance related things, one of the questions that I’m often asked is about what kinds of companies I hold stock in. I list things like Mcondalds, Chevron, Pfizer and Wal-mart and one of the comments is inevitably, “Those companies are evil and harmful to the world!” My short answer is that nothing is black and white and that the world I live in is…
