You know how they say that you are the average of the 5 people you spend the most time with? Well, as a major introvert and nerd, I spend a lot of time with books. I had surrogate mentors. Specifically, there have been 5 authors/thinkers who I have spent reading more than any others and they have radically influenced my mind. They have shaped my perceptions and sharpened my thinking. Don’t just assume it has to be the 5 people you spend the most time with: you’re the average of the 5 authors you read, too.
I haven’t been posting as regularly as I have over the past few months. To be completely honest, I’ve been absorbed with reading more interesting things and trying to figure out my life. Blogging has not been a priority lately.
The holidays mixed with other priorities will mean Kapitalust takes a backseat until the new year.
However, I am really excited about a completely new project I am going to roll out in January. I’ve been getting bored hashing out personal finance posts. Honestly, there isn’t much to personal finance: if you can make money, live below your means, stay out of debt, and invest your surplus, you will do really, really well.
Wow, I just gave away the “secret” of personal finance.
Anyways, this new project will revolve heavily around my email list. If you want to be a part of it, make sure to sign up for the mailing list below.
I have the odd post here and there scheduled for December, like why I think the news is bullshit and why I am a terrible personal finance blogger. So it won’t be completely without amusement around here.
This one time, I tried to arbitrage used video games for new video games, but I ended up wasting $40 and got stuck with 20 useless Xbox 360 games no one wanted. Recently, I arbitraged Royal Bank stock in a move called Norbert’s Gambit and converted $5,072.60 USD for essentially no cost. But that’s an outlier outcome. You usually end up paying $19.98 and the spread between the inter-listed stock. But that’s still a fine deal since you usually pay 2.1% in FX fees. But let me tell you about that time I ended up embarrassingly losing $40 and getting stuck with useless video games instead. Doesn’t that sound funnier?
Chills ran down my spine. I had just finished reading about investors losing their entire life savings. These people had doubled down and wagered everything on a single company. A single stock. And they lost everything. This is the most insane thing I have read about in investing for a long time. How could people be so irresponsible? As I sifted through the carcass of an online trading forum where this drama played out over 500+ pages, I couldn’t help but notice the story and the lessons that unfolded as the days went by. The company was GT Advanced Technologies.
I felt like I was going to puke. You know that slow, sickening feeling you get when you want to raise your hand to ask a question or a comment in a large forum of people but start experiencing an anxiety attack as you question whether asking the question is totally asinine? Your heart rate skyrockets, you start sweating, and you start overanalyzing what you want to say. I was working up the courage to get started on my blogger investor styles mega-post. First step? Start randomly striking up conversations with other bloggers.