October 2008

Delegate don’t abdicate to your professionals

Posted by on October 30, 2008 in Misc.

A co-worker of mine made a very astute comment to his subordinate the other day who’s new to managing people: “delegate the work, but don’t abdicate the responsibility.” It got me to thinking of my law days where clients would ask “what do you think?” about a non-legal question and I would have to respond [...]

Is it worth pursing your business idea? Consider your cash flow.

Posted by on October 29, 2008 in entrepreneur

Four Pillars writes a great series of posts on entrepreneurship. His “wacky” business ideas (his words) are not so wacky to me. But for those who sit in colorless cubiles dreaming up business ideas, the question becomes is a business idea truly worth pursing and, if so, at what cost? Seasoned entrepreneurs can tear a [...]

Obtaining effective recommendation letters

Posted by on October 28, 2008 in Jobs

Recommendation letters are one of those standard issue things you need to obtain when job-hunting. Everyone seems to have one. The question is- does yours get you anywhere if you are looking for a new job? I am not in HR so I honestly could not tell you if a recommendation letter will put you [...]

The role of cash in your portfolio

Posted by on October 27, 2008 in Investment Strategy

There’s been a recent flight to cash given the relative safety that cash affords to an investor in down-times. But, what is the proper role of cash in one’s portfolio in good or bad times? Cash is like chocolate. Its great but having too much can be a bad thing. The downside of an over-allocation [...]

The best thing to invest in…

Posted by on October 23, 2008 in Uncategorized

…is yourself. Stocks go up and down. Real estate does the same. The notion of job security is but a myth- even for unionized workers (just ask the GM workers in Oshawa who agreed to a new deal and then promptly had the planet shut down). Your pension? Pension funding short-falls is the ugly financial [...]

Personal finance priorities in down-times

Posted by on October 21, 2008 in Investment Strategy

There’s been a lot of talk recently about how the recent dramatic drop in the stock market has presented buying opportunities. Why I do not disagree with that analysis, we must ever be mindful of walking before we run. On the other hand, you have a segment of the public in a sheer panic, liquidating [...]

How to be a better employee

Posted by on October 20, 2008 in Jobs

Due to some reader requests, I am going to start blogging a little more on jobs and employment given that I am a boss. I have created a new category called “jobs”. Any suggestions on this topic are greatly appreciated. Thanks. I am a boss. I have supervised employees ranging from skilled professionals (lawyers, accountants, [...]

Dressing professionally for less

Posted by on October 16, 2008 in Misc.

Today, as a slight change-up, Thicken My Wallet goes metro-sexual on you. For the better part of the decade, I have been a suit. Had to buy them. Had to wear them. Had to replace them. I scratched my head over the whole business casual thing during the earlier part of this decade and was [...]

Dividend investing: remember the cash flow

Posted by on October 15, 2008 in Investment Information

With news of governments guaranteeing inter-bank lending, the stock markets seemed to have moved from sheer panic to ulcer-inducing worry (if you define that as an improvement). However, some retail level investors seemed to be in full-out panic mode, wanting to liquidate perfectly good long-term assets to minimize short-term damage to their portfolio. Since many [...]

Identity Theft: thieves now targetting regulators for your info

Posted by on October 14, 2008 in Misc.

I received the following email on Friday from the Law Society of Upper Canada who regulates lawyers in Ontario. If nothing else, it is a timely reminder that having your identity stolen may cost you more over the long-term than the carnage in the stock-market. After all, you can own many stocks over a life-time [...]