Comments on: Derek Foster Attempts a Comeback http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/ Helping you invest and prosper Sat, 11 Feb 2012 19:27:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tony http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-310212 Tony Thu, 18 Nov 2010 16:23:25 +0000 http://www.canadiancapitalist.com/?p=3130#comment-310212 Here's the best strategy. Buy gold & silver bullion. Crash JP Morgan! Here’s the best strategy. Buy gold & silver bullion. Crash JP Morgan!

]]> By: » Derek Foster’s fourth book Canadian Business Blogs | Advice on Investment in Canada, Stock Market, Small Businesses Opportunities http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-215748 » Derek Foster’s fourth book Canadian Business Blogs | Advice on Investment in Canada, Stock Market, Small Businesses Opportunities Mon, 12 Apr 2010 21:11:10 +0000 http://www.canadiancapitalist.com/?p=3130#comment-215748 [...] through it (the pages are small, so they get turned quickly). As Canadian Capitalist says in his Nov. 15 review, it follows more the standard format for a personal finance book. But there basically isn’t [...] [...] through it (the pages are small, so they get turned quickly). As Canadian Capitalist says in his Nov. 15 review, it follows more the standard format for a personal finance book. But there basically isn’t [...]

]]> By: moneygardener http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-204271 moneygardener Sat, 21 Nov 2009 01:59:27 +0000 http://www.canadiancapitalist.com/?p=3130#comment-204271 This guy makes no sense. The Rat hit the nail on the head. This guy makes no sense.

The Rat hit the nail on the head.

]]> By: The Rat http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-204060 The Rat Wed, 18 Nov 2009 04:06:41 +0000 http://www.canadiancapitalist.com/?p=3130#comment-204060 I own some of Foster's books and I have to say that I did enjoy Stop Working in a sense that even if he didn't provide the soundest of strategies, I felt that his work on that book was Foster at his best and that he was not misguided. You could tell he believed in that strategy to the core and it transcended into his book. I liked it because it motivated me as an investor - not because it was the best strategy of all time. Unfortunately, in his subsequent books to follow, Foster seems to get lost as to what his strategy really is, and I think a lot of his readers got lost with him because of the confusion surrounding as to what he was trying to convey. I mean, I like to know tips about DRIPs and so forth, but going from a strictly 'buy and hold for life strategy' to going all out with options didn't jive too well with me. After reading over Cdn Capitalist's thread and links to what has recently happened, I had no idea that Foster bailed out on his original strategy to the extent that he did and cashed out over 400k of his portfolio. It appears as if that moment could have been his 'last nail in the coffin' so to speak integrity wise vis-a-vis his original strategy. Nice thread. Cheers I own some of Foster’s books and I have to say that I did enjoy Stop Working in a sense that even if he didn’t provide the soundest of strategies, I felt that his work on that book was Foster at his best and that he was not misguided. You could tell he believed in that strategy to the core and it transcended into his book. I liked it because it motivated me as an investor – not because it was the best strategy of all time.

Unfortunately, in his subsequent books to follow, Foster seems to get lost as to what his strategy really is, and I think a lot of his readers got lost with him because of the confusion surrounding as to what he was trying to convey. I mean, I like to know tips about DRIPs and so forth, but going from a strictly ‘buy and hold for life strategy’ to going all out with options didn’t jive too well with me.

After reading over Cdn Capitalist’s thread and links to what has recently happened, I had no idea that Foster bailed out on his original strategy to the extent that he did and cashed out over 400k of his portfolio. It appears as if that moment could have been his ‘last nail in the coffin’ so to speak integrity wise vis-a-vis his original strategy.

Nice thread.
Cheers

]]> By: Tweets that mention Derek Foster Attempts a Comeback | Canadian Capitalist -- Topsy.com http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-204036 Tweets that mention Derek Foster Attempts a Comeback | Canadian Capitalist -- Topsy.com Tue, 17 Nov 2009 17:31:36 +0000 http://www.canadiancapitalist.com/?p=3130#comment-204036 [...] This post was mentioned on Twitter by Canadian Capitalist, stevie b. stevie b said: Derek Foster Attempts a Comeback | Canadian Capitalist http://bit.ly/1ygAlA [...] [...] This post was mentioned on Twitter by Canadian Capitalist, stevie b. stevie b said: Derek Foster Attempts a Comeback | Canadian Capitalist http://bit.ly/1ygAlA [...]

]]> By: Dave Lester http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-204032 Dave Lester Tue, 17 Nov 2009 16:45:53 +0000 http://www.canadiancapitalist.com/?p=3130#comment-204032 Foster is about to take ownership of Bank of America shares in Jan '10 at $40 thanks to his sold puts! BAC is trading at $15.66 today. Dave Foster is about to take ownership of Bank of America shares in Jan ’10 at $40 thanks to his sold puts! BAC is trading at $15.66 today.

Dave

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-203998 Canadian Capitalist Tue, 17 Nov 2009 04:21:18 +0000 http://www.canadiancapitalist.com/?p=3130#comment-203998 @Retired at 31: Foster actually says that he changed the moniker because of (valid) criticism that he switched careers to writing and promoting his books. And yes he may have felt challenged by your tag too :) Actually, I don't fancy the chances of his new book. His first book was brilliantly marketed and received widespread positive press coverage. Now, some sections of the press have started to go negative on Foster. That can't be good for business. @Retired at 31: Foster actually says that he changed the moniker because of (valid) criticism that he switched careers to writing and promoting his books. And yes he may have felt challenged by your tag too :)

Actually, I don’t fancy the chances of his new book. His first book was brilliantly marketed and received widespread positive press coverage. Now, some sections of the press have started to go negative on Foster. That can’t be good for business.

]]> By: Retired at 31 http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-203990 Retired at 31 Tue, 17 Nov 2009 01:52:08 +0000 http://www.canadiancapitalist.com/?p=3130#comment-203990 He dropped that "Canada's youngest Retiree" tag line because I beat him! Suck it Foster. I'm sure some dot com cash out kid with pimples or trust fund kid or slacker or guy who won the lottery or married well, or whatever has beat us both by a decade or better. The punchline to all of this is that he might be right. This could be the Armageddon of bear markets and we'll be living in huts and hunting with spears after the whole thing collapses. If that happens, and he writes a book about his investment acumen, I'll buy that book. Hopefully he took the proceeds (haha) and bought himself something nice. It seems he's not retired at all, just changed careers. He dropped that “Canada’s youngest Retiree” tag line because I beat him! Suck it Foster.

I’m sure some dot com cash out kid with pimples or trust fund kid or slacker or guy who won the lottery or married well, or whatever has beat us both by a decade or better.

The punchline to all of this is that he might be right. This could be the Armageddon of bear markets and we’ll be living in huts and hunting with spears after the whole thing collapses. If that happens, and he writes a book about his investment acumen, I’ll buy that book. Hopefully he took the proceeds (haha) and bought himself something nice.

It seems he’s not retired at all, just changed careers.

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-203975 Canadian Capitalist Mon, 16 Nov 2009 20:01:31 +0000 http://www.canadiancapitalist.com/?p=3130#comment-203975 @Sampson: John Heinzl noted in his column that Foster made "$200,000 in profit" from his books. Assuming $10 to $15 in profits, Foster has sold 13,000 to 20,000 books. His first book was easily a best-seller (5000 copies or more). If we assume Foster sold 10,000 copies of his first book, his 2nd and 3rd books did not sell as well. Too bad Chapters does not report sales rank as Amazon does. Still, you have to admit that Foster is making good money from his books. http://www.globeadvisor.com/servlet/ArticleNews/story/gam/20090312/RDEREKFOSTER12 @Sampson: John Heinzl noted in his column that Foster made “$200,000 in profit” from his books. Assuming $10 to $15 in profits, Foster has sold 13,000 to 20,000 books. His first book was easily a best-seller (5000 copies or more). If we assume Foster sold 10,000 copies of his first book, his 2nd and 3rd books did not sell as well. Too bad Chapters does not report sales rank as Amazon does. Still, you have to admit that Foster is making good money from his books.

http://www.globeadvisor.com/servlet/ArticleNews/story/gam/20090312/RDEREKFOSTER12

]]> By: dj http://www.canadiancapitalist.com/derek-foster-attempts-a-comeback/#comment-203974 dj Mon, 16 Nov 2009 19:57:24 +0000 http://www.canadiancapitalist.com/?p=3130#comment-203974 Funny you can write a book about investing an not get nailed by the OSC.....but if you talk about it on the radio like that "looking out for your money" guy....the OSC will fine your butt off...... Funny you can write a book about investing an not get nailed by the OSC…..but if you talk about it on the radio like that “looking out for your money” guy….the OSC will fine your butt off……

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