I haven't had much of a chance to blow through my Google Reader lately, until today. Here's what I found:
I wanted to point out a blog that I've been reading that I find quite interesting: Frugal Bachelor 's writing is actually offensive at times, but it certainly makes you stop and think. I have thoroughly enjoyed several of young Texan's posts. He bills his blog as 'personal finance without family values'.
Normally sane Canadian personal finance icon, Canadian Capitalist has gone Derek Foster mad. The "Stop Working, Here's How You Can" author has recently sold all of his dividend paying stocks and he has personal finance circles chatting once again. At the danger of heaping more publicity on top of all the current froth, Canadian Capitalist has been all over Foster in a series of posts lately. One of the posts contains a link to a Foster interview on CBC's The Hour in the comments section.
I read Foster's fist book and I did enjoy it. I especially liked his comparison of dividend income to employment income. I always wondered why he would attempt to live off of dividends from stocks that were the exact opposite of recession resistant. He talks about Colgate Palmolive and Enbridge on The Hour, however I believe a large part of his income was actually coming from trusts that were much more economically sensitive. Trusts like Canadian Oil Sands just didn't make sense with his strategy to me. Living solely off of pay outs from 100% of the riskiest asset class was asking for failure. The man has a talent for marketing and seems to be quite proficient at selling books and getting time with the Canadian press. Currently, it is not clear whether as an investor he suffers from severe over confidence or extreme fear.