It’s been a wonky week for the stock market, with some signs of volatility showing. Tech stocks have taken a bit of a hit, with more focus turning more towards commodities and value. $60+ oil certainly helps and is surprising given where we are with the pandemic.
Do you have any stocks still lagging from the pandemic? If so, the first link this week may give you a better idea of whether you should continue to hold or when it’s time to dump your losers.
Also are some great links on payday loans and what seems to be a favourite topic recently, Bitcoin.
How and When to Sell Your Losers | The Dividend Guy Blog
I’ve been following Mike at The Dividend Guy Blog for a while but didn’t discover his podcast until the other day – and I really enjoyed it! Mike is a well-seasoned investor with tons of helpful tips, research and useful insights. We all know the old “Buy and Hold” philosophy, but what do you do with those real dogs in your portfolio that you may not want to hold? When is the right time to sell those losers, so you don’t miss out on gains or continue holding a loser? Give this podcast a listen, and you’ll find out!
Explainer: How do Payday Loans Work? | MoneySense
When it comes to loans, a bit of a divisive topic is payday loans and whether they are a helpful tool for those who can’t get a loan elsewhere or just a predatory lending practice to the ill-informed consumer. This article is an excellent breakdown of how payday loans work, what sort of interest rates are allowed to be charged and how some consumers can get caught in the vicious cycle of debt repayment due to their terms and high-interest rates.
What’s a Bitcoin Anyway? | FI Garage
The FI Garage podcast celebrates Episode #50 and discusses all things Bitcoin. Who is behind Bitcoin, and how did it all start? Is it a real currency? What sort of transactions is it suitable for? Can you use it as a store of value like gold – a traditional inflation hedge? Or is Bitcoin simply a speculative investment that may crash one day or continue rising at unprecedented rates.
Check out the latest articles on the homepage, including “$140 Billion in Bitcoin are Lost at the Bottom of the Ocean Forever“, and have a great week!
