Is there a Recession Coming?
The last few months have been spent in book promotion mode and as a result, we’ve been blissfully unaware of what’s been going on in the news, especially in the stock market. But just because I wasn’t paying attention doesn’t mean nothing was happening, because apparently… Global markets took a left hook to the chin on Wednesday, with the TSX Index shedding nearly 2% over the inverted yield curve. ~Danger, How to Invest After Wednesday’s Yield Curve Inversion, Yahoo Finance Stocks and oil prices plummeted Wednesday, with the Dow Jones Industrial tumbling 800 points — the fourth largest daily point […]
Quit Like a Millionaire is Available for Pre-Order!
Latest posts by FIRECracker (see all)
- Are You a Good Fit for FIRE? - September 9, 2019
- Let’s Go Exploring! The Terrifying Love Story of Coimbra, Portugal - August 26, 2019
- Would You Sell Everything to Travel the World? - August 12, 2019
After almost 2 years in the writing trenches, we are beyond excited to announce that our book, Quit Like a Millionaire is ready for pre-orders! If you’re ready to get a copy and want the freebies that come with it, click here. Otherwise, read on. Buy from Amazon It’s being published by TarcherPerigee, an imprint of Penguin Random House, and will be coming to a bookstore near you on July 9, 2019! (As of right now, if you pre-order from Amazon and you’ll get a 31% discount!) Now, I know I don’t get emotional often on this blog […]
The US China Trade War
Unless you’ve been living under a rock, you may have noticed that the US and China have been getting…a little testy with each other. Dow Dives as Markets React to Trade War with China –CNN, May 13, 2019 Boston Fed President: Tarriffs Have The Potential To Slow Down Economy –CNN Business, May 22, 2019 Dow in Freefall as Terrifying 15 Year US China Trade War Looms Large –CCN, May 23, 2019 Yikes. OK so what’s going on here? Why are the US and China in a trade war? What does it mean for our investments? And what changes (if any) […]
FUD, FOMO and Bitcoin
After last week’s rather amusing debate about crypto-currencies, I thought it’d be interesting to keep the conversation going by examining two rather interesting reactions that came out of that in the comments: FUD and FOMO. What are FUD and FOMO? FUD stands for Fear, Uncertainity, and Doubt. I first heard this term from salespeople in the high tech sector, who used the strategy of spreading rumours about rival companies (“I heard their chips catch fire all the time”) in order to make their companies’ products look better by comparison, but it also applies in the investment world too. Basically, when […]
Why I won’t Touch Cryptocurrencies and Neither Should You
On Friday’s reader case, our intrepid reader Condos&Crypto said that stumbling across our site prevented her from taking the proceeds of her house sale and dumping it all into cryptocurrencies like Bitcoin. In the past, I’ve always recommended against having significant exposure to crypto, but that wasn’t because I had strong feelings one way or another, it was because I didn’t understand cryptocurrencies all that well. So over the past year, I’ve been following the whole cryptocurrency space and learning more about this thing, and what I’ve learned has horrified me to the point that I won’t touch crypto at […]