FDIS
The Free Drink Investment Strategy
This article was in ROB Magazine and I found it pretty funny. If only I lived in Toronto and could take advantage.
"It isn't easy being independently wealthy. That's the first thing I learned at the Rogers meeting. I intentionally wore jeans and a leather jacket to project the following image: I don't work for money; I just enjoy it. Perhaps my get-up was too convincing, because as soon as I sat down, a chest-waxing MBA-type in a dark suit gave me the kind of sneering look that said he wanted to demolish me on the squash court. His jealousy was vulgar."
Follow these four simple steps:
1. Find the right kind of company
Banks and oil companies hold the worst annual meetings, most of which start at the ungodly hour of 8 a.m. Mining companies, on the other hand, have a reputation for letting the sauce flow, especially in bull markets. Alcohol companies are a no-brainer.
2. Check what time the meeting starts
Early-morning meetings are bad for the simple reason they're held early in the morning. Mid-morning meetings are generally tepid affairs, but in rare cases they can be followed by a catered lunch. A meeting with a start time of later than 2 p.m., however, is code for "Let's get hammered."
3. Find out what's being served
Once you've put together a list of promising companies, phone each one and ask to speak with investor relations. Tell them you're a shareholder, then ask what's on the menu. It's that easy.
4. Buy a share
Why waste your money on hundreds of shares when all you need to get into the annual meeting is one? If you're friendly enough with your financial planner, he can cut you a deal on the transaction fees.
This article was in ROB Magazine and I found it pretty funny. If only I lived in Toronto and could take advantage.
"It isn't easy being independently wealthy. That's the first thing I learned at the Rogers meeting. I intentionally wore jeans and a leather jacket to project the following image: I don't work for money; I just enjoy it. Perhaps my get-up was too convincing, because as soon as I sat down, a chest-waxing MBA-type in a dark suit gave me the kind of sneering look that said he wanted to demolish me on the squash court. His jealousy was vulgar."
Follow these four simple steps:
1. Find the right kind of company
Banks and oil companies hold the worst annual meetings, most of which start at the ungodly hour of 8 a.m. Mining companies, on the other hand, have a reputation for letting the sauce flow, especially in bull markets. Alcohol companies are a no-brainer.
2. Check what time the meeting starts
Early-morning meetings are bad for the simple reason they're held early in the morning. Mid-morning meetings are generally tepid affairs, but in rare cases they can be followed by a catered lunch. A meeting with a start time of later than 2 p.m., however, is code for "Let's get hammered."
3. Find out what's being served
Once you've put together a list of promising companies, phone each one and ask to speak with investor relations. Tell them you're a shareholder, then ask what's on the menu. It's that easy.
4. Buy a share
Why waste your money on hundreds of shares when all you need to get into the annual meeting is one? If you're friendly enough with your financial planner, he can cut you a deal on the transaction fees.
posted by Deac at 2:14 PM
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