The Rhi-Post – Edition 1

Welcome to the first edition of  The Rhi-Post! This will be a collection of editorials from my friends, who I have come to know very well and are from a wide and varied background. I hope that you will enjoy a peek into their lives as I do and I am excited to share their thoughts, editorials and expertise.
If you have questions for our contribitors please send to therhipost@gmail.com and follow me @Rhian73.

Please be free to follow on twitter and/or facebook, or other social media if our authors shared their links. Thank you for being a part of The Rhi-Post!

-Rhian


In this Issue:

Tales from My Shame-Ber : Why I like the Twilight Saga
by Lushrain

This will be a  recurring column highlighting the items in my Shame-ber. If you are not familiar with a Shame-ber* it is a room with no windows in which you can enjoy your deepest darkest guiltiest pleasures.   Each time I will let you learn about the things I love that I shouldn’t love but are oh-so-awesome.

Read More….

 

About bitheadturnedtrader
by bitheadturnedtrader

I’m an Information Technology (I.T.) Director for the Canadian division of an international business process outsourcing company. Essentially I’m responsible for everything technical in Canada – networks, desktops, servers, software, and programming – to support the day-to-day operations and future growth of the business. I’m the interface between business and technology.
Read More…

 

Lament for the Loss of my Big, Fat Camera
by Shaughnessy

Like a favourite traveling buddy, my 38 – 105 mm Samsung zoom camera accompanied me on treks across North America, China, Hong Kong, Spain and Ireland. It, or its earlier versions, were always at hand for generations of family events, occasions and just for nothing moments. It documented my nature walks, adventures and trips to find beauty in unexpected places.

Read More…

 

Heartagrams
by  Andrea Costanzo aka @TheJunkenstiein

In troubled times, when black waves of depression are hidden behing every corner, daily, one needs to keep his emotions alive. And my personal and addictive emotion inducing drug is music. Its the direct language of the heart and soul, translating the bursts of adrenaline, tears, passion and laughter that made the grey routine less desperate into a sound that can move with you and wrap you in its comforting blanket of vibes.

Read More…

 

Handmade Revolution
by Kataish

Hi. My name is Kata, I’m 28 and I’m a craft addict. Ever since I was a small child, I’ve been obsessed with making things and “crafting”. It all started with drawing and taking art classes, and through the years turned into sculpting, pottery, beading, doll-making, crocheting, and then knitting. Currently my main hobby/obsession is knitting.

Read More…

 

Photography by Uncast


Rebel Without A Pause
by BrotherDarkness AKA Butch Rosser

s1c3: You Can Lead A Club To Culture, AND You Can Make Them Think (A Costanza’s Goodbye)
Dear Planet Earth,
If you’re reading this, I hope somebody has had the decency to cut me down from the ceiling fan this note was placed under.  It should be noted per previous discourse that everyone get their crying out at the wake and that Christine has her choice of who to sleep with at the afterparty.

Read More…

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bitheadturnedtrader

by Bitheadturnedtrader

I’m an Information Technology (I.T.) Director for the Canadian division of an international business process outsourcing company. Essentially I’m responsible for everything technical in Canada – networks, desktops, servers, software, and programming – to support the day-to-day operations and future growth of the business. I’m the interface between business and technology.

Over the past 17 years, my main interest outside of family & I.T. has been Personal Finance. It began very modestly with the purchase of our first home, paying bills, reading books like The Millionaire Next Door, reading the business section of the newspaper, establishing a relationship with a Financial Planner, and investing in mutual funds. Through subscriptions to financial periodicals, and doing my own research and analysis, I began investing in individual Canadian and U.S. stocks. And, after some initial assistance from a Tax Accountant, I began doing our personal and business tax returns each year.

In January 2010, I came to the realization that working for an employer in the I.T. field was getting in the way of my true passion – trading the market. My passion for, and interest in Trading and the market eclipses anything that I’ve ever felt about I.T. So, after discussing my aspirations with my wife, I began one of the most comprehensive, complicated, and exciting research assignments that I’ve ever had the pleasure of undertaking … answering the question, “What would it take to become a successful Professional Trader?”

Fast-forward 11 months to November 2010 – I had spent countless hours (and some sleepless nights) learning all that I could about Trading and the markets. I was extremely fortunate to find a career Trader who offered to be my mentor – to help guide me towards realizing my dream. Soon thereafter, I enrolled in a year-long professional Trading course that will give me the skills and confidence I need to make the jump from I.T. bithead (geek) to professional Trader. I now interact daily (and sometimes hourly) with my mentor and with my course instructor. I’m committed to making this happen.

You can follow me on my journey via my blog and Twitter, and can contact me directly via e-mail.

Blog: http://bitheadturneddaytrader.wordpress.com

Twitter: http://www.twitter.com/mr_bithead

E-Mail: bitheadturnedtrader@gmail.com

When Rhian approached me about contributing to The Rhi-Post, I immediately thought about all of the people that I’ve met over the years that have absolutely no idea about money or investing. Most admit to having invested without understanding where their hard-earned money was going. Some can’t balance a cheque book, and others pay way too much in bank and ATM fees.

Now, before we proceed, I’d like to state for the record that I’m not certified to give financial investment advice. I won’t be publishing stock picks, or specific investment recommendations. My intention here is to help answer your questions about money, and to point you in the right direction.

Please send your questions – in as much detail as possible – to therhipost@gmail.com, and I’ll try my best to answer them in a future edition of The Rhi-Post.

To get the ball rolling, and to give you a flavor for the kinds of questions I foresee answering, I thought I’d pose and answer the first question…

Q: I want to invest in stock of XYZ company, but I have no idea how to do that. Where do I start?

A: In order to buy and sell stocks, you need to open a “Brokerage” or “Trading” Account. The bank that you deal with likely has a brokerage division, or they partner with a 3rd-party brokerage firm that offers Brokerage or Trading Accounts.

Just like a standard Chequing or Savings Account, there are choices to be made about individual or joint ownership of your Brokerage Account. And typically there are Standard (unregistered) and Retirement (registered RRSP or IRA) versions of a Brokerage Account. Standard vs. Retirement will affect how deposits and withdrawals into/out of the account are treated on your tax return, whether or not profits are taxable, and often Retirement accounts have some limitations on the types of investments you can purchase (but that’s unlikely to apply to a beginner).

A standard Chequing Account can contain only 1 thing: Cash. But a Brokerage Account can contain many different things at the same time: Cash, Stocks, ETF’s, Bonds, Mutual Funds, Options, CD’s, REITS, etc. If you don’t know what all of those things are, that’s OK – you don’t need to. For simplicity, you can think of a Brokerage Account like the “junk drawer” in your house; you could have a few dollar bills in there, some coins, but you could also have scissors, elastic bands, and stamps floating around.

When you open a Brokerage or Trading Account, you’ll probably start by transferring cash from your chequing or savings account into it. This is usually accomplished with a cheque or by electronic fund transfer. Once you have cash in your Brokerage Account, you can buy stock of XYZ company.

At the end of the month, your Brokerage Account Statement will list “how much of each thing” you have inside your junk drawer… I mean, account… and provide you with a total.

There are Discount and Full Service brokerage firms, which affect how much you pay to buy & sell stocks, bonds, etc… but that’s another topic for discussion in a future edition of The Rhi-Post…