Comments on: What went wrong with the Derek Foster strategy? http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mark in Nepean http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-197132 Mark in Nepean Wed, 05 Aug 2009 19:16:37 +0000 http://www.canadiancapitalist.com/?p=1882#comment-197132 Excellent post CC! Excellent post CC!

]]> By: Financial Highway http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-189113 Financial Highway Mon, 13 Apr 2009 06:37:06 +0000 http://www.canadiancapitalist.com/?p=1882#comment-189113 <strong>Weekly Review The Derek Foster Edition - March 16th...</strong> This week was all about Derek Foster in the Blog World. After the Toronto Star published article on him selling all his holdings in sitting on cash, several Bloggers posted about his strategy and books I have posted couple interesting ones below. In ot... Weekly Review The Derek Foster Edition – March 16th…

This week was all about Derek Foster in the Blog World. After the Toronto Star published article on him selling all his holdings in sitting on cash, several Bloggers posted about his strategy and books I have posted couple interesting ones below.
In ot…

]]> By: Derek Foster Cashes Out of the Stock Market | MoneyEnergy http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-186080 Derek Foster Cashes Out of the Stock Market | MoneyEnergy Sat, 21 Mar 2009 20:19:48 +0000 http://www.canadiancapitalist.com/?p=1882#comment-186080 [...] Four Pillars also has a good post out breaking the development right here, “Is Dividend Investing Dead?” as does the Canadian Capitalist, “What Went Wrong with the Derek Foster Strategy?” [...] [...] Four Pillars also has a good post out breaking the development right here, “Is Dividend Investing Dead?” as does the Canadian Capitalist, “What Went Wrong with the Derek Foster Strategy?” [...]

]]> By: I Need Your Vote + Links http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185982 I Need Your Vote + Links Sat, 21 Mar 2009 01:48:39 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185982 [...] It was Derek Foster week over at Canadian Capitalist - check out what went wrong with the Derek Foster strategy? [...] [...] It was Derek Foster week over at Canadian Capitalist – check out what went wrong with the Derek Foster strategy? [...]

]]> By: Patrick http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185957 Patrick Fri, 20 Mar 2009 22:15:35 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185957 CC: what's with your mention of "aggressive withdrawal rates"? Derek isn't making "withdrawals" of out his capital (like occurs in an rrsp/rrif). He is getting paid with distribution income! So what gives? Why do you criticize him on that? ps. great blog btw! CC: what’s with your mention of “aggressive withdrawal rates”?
Derek isn’t making “withdrawals” of out his capital (like occurs in an rrsp/rrif). He is getting paid with distribution income! So what gives? Why do you criticize him on that?

ps. great blog btw!

]]> By: A Week in Review: Edition #3 | My Findependence Day http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185913 A Week in Review: Edition #3 | My Findependence Day Fri, 20 Mar 2009 14:40:23 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185913 [...] 3 - Canadian Capitalist continues to rip Derek Foster a new one in one of many posts [...] [...] 3 – Canadian Capitalist continues to rip Derek Foster a new one in one of many posts [...]

]]> By: Ed http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185845 Ed Fri, 20 Mar 2009 01:44:06 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185845 CC and many of the posts here are making my ealier points - too much time is being spent bashing of DF is going on here. It is time to let this one alone. I think there has been enough posting about DF and his invesgtment style. While we all have the right to question his ideas these postings seem more like a peronal vendeta and attacks. I think this topic has been discussed too much. I don't find I am leanring anything valuable anyomre from these rants. So, folks, let's get back to personal finance not DF. I hope you will see points where you read the above postings. CC, Buffett is the world's best investor alive today so your agruments against DF will not work agaist Buffett's ideas. What is indexed investor anyway? I have heard of value investor but not indexed. Cheers, Ed CC and many of the posts here are making my ealier points – too much time is being spent bashing of DF is going on here. It is time to let this one alone. I think there has been enough posting about DF and his invesgtment style. While we all have the right to question his ideas these postings seem more like a peronal vendeta and attacks. I think this topic has been discussed too much. I don’t find I am leanring anything valuable anyomre from these rants. So, folks, let’s get back to personal finance not DF. I hope you will see points where you read the above postings.
CC, Buffett is the world’s best investor alive today so your agruments against DF will not work agaist Buffett’s ideas. What is indexed investor anyway? I have heard of value investor but not indexed.
Cheers, Ed

]]> By: Jason Weinstein http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185807 Jason Weinstein Thu, 19 Mar 2009 17:35:04 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185807 I would not consider Derek Foster to even be retired, let alone "Canada's youngest retiree." He is currently working as an writer. While he may have stopped working before writing any books, his "retirement" was only temporary, and thus more like a sabbatical. Many people could stop working temporarily for a short period of time and live off savings and investing, but I would only consider it retirement if it were permanant. I would not consider Derek Foster to even be retired, let alone “Canada’s youngest retiree.” He is currently working as an writer. While he may have stopped working before writing any books, his “retirement” was only temporary, and thus more like a sabbatical. Many people could stop working temporarily for a short period of time and live off savings and investing, but I would only consider it retirement if it were permanant.

]]> By: Dave From GP http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185784 Dave From GP Thu, 19 Mar 2009 14:37:48 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185784 I take all these books with a grain of salt. This reminds me of the Rich Dad Poor Dad scenario. Kiyosaki (spelling?) basically identifies the cash flow quadrant which I think is a valid point for the layman. Then the remainder of the book is just filler, then the guy goes and makes a fortune basically rehashing the same thing over and over. So I take the cash flow quadrant from him. From Foster it kind of sunk in that dividends etc. are taxed favorably, though the glaring ommisiion in my mind was always his choice not to mention his gamble on Philip Morris. Each of these books and people have a little something but my best strategy was always taking a little of everything and coming up with my own. Pay myself first, debt reduction, reduce management fees and so on. I would never throw myself solely on the philosophy of just one person, well maybe Buffett but he's been at it longer than Foster or Kiyosaki. Each person's goals are different. I only read Foster's first book, I bought it after seeing him profiled in Money Sense magazine. There were a few other well off people in that same issue, but they never wrote books! Maybe if his latest strategy works out he can bill himself as the King of the Market Timers! I see another book on the horizon. I take all these books with a grain of salt. This reminds me of the Rich Dad Poor Dad scenario. Kiyosaki (spelling?) basically identifies the cash flow quadrant which I think is a valid point for the layman. Then the remainder of the book is just filler, then the guy goes and makes a fortune basically rehashing the same thing over and over. So I take the cash flow quadrant from him. From Foster it kind of sunk in that dividends etc. are taxed favorably, though the glaring ommisiion in my mind was always his choice not to mention his gamble on Philip Morris. Each of these books and people have a little something but my best strategy was always taking a little of everything and coming up with my own. Pay myself first, debt reduction, reduce management fees and so on. I would never throw myself solely on the philosophy of just one person, well maybe Buffett but he’s been at it longer than Foster or Kiyosaki. Each person’s goals are different. I only read Foster’s first book, I bought it after seeing him profiled in Money Sense magazine. There were a few other well off people in that same issue, but they never wrote books! Maybe if his latest strategy works out he can bill himself as the King of the Market Timers! I see another book on the horizon.

]]> By: Asset Allocation-What it is and Why it's Important | Financial Highway http://www.canadiancapitalist.com/what-went-wrong-with-the-derek-foster-strategy/#comment-185773 Asset Allocation-What it is and Why it's Important | Financial Highway Thu, 19 Mar 2009 13:38:55 +0000 http://www.canadiancapitalist.com/?p=1882#comment-185773 [...] week there had been several posts about Derek Foster selling out, Canadian Capitalist and Four Pillars were two blogs posting on him, one of the major issues with his portfolio was that [...] [...] week there had been several posts about Derek Foster selling out, Canadian Capitalist and Four Pillars were two blogs posting on him, one of the major issues with his portfolio was that [...]

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