Even MORE from the Becoming Cancel-proof series

Image for post
Image for post

So I have previously discussed buying stocks that pay dividends as the key to becoming cancel-proof. The idea is that these stocks provide a passive income and don’t require me to be a retail investor to get ahead (although I retain that option if the selling price is right). Some might have read my current content and thus concluded that — passive income being the goal — a bond is superior to a stock that doesn’t pay dividends, and they might have a good point. Let’s take a quick look at what bonds are for those unfamiliar.

Bonks versus Stonks

A bond differs…

Just another part of the Becoming Cancel-proof series

Image for post
Image for post

We’ve already gone over the danger of cancel culture, and we’ve gone over some good rules to eliminate risk. Now let’s look at ways of analyzing stocks for companies that pay dividends, in order to bring ourselves closer to being cancel-proof.

The Yield

The dividend yield is the percentage of the current stock price that is paid out in dividends to the owner per year. If a stock is trading for $100 per share and pays $2 in annual dividends, then its yield is 2%. You might think of this as comparable to the interest rate in your bank account. …

A special chapter of the Becoming Cancel-proof series

Image for post
Image for post

The last week or so has been major in investing news. Just yesterday, even Jim Cramer on CNBC’s Mad Money was talking about it. Many institutional investors and hedge funds are complaining, but the community on Reddit known as r/wallstreetbets (WSB)is laughing and continuing to buy. Just what is happening, and why is it important to becoming cancel-proof?

The stock of the video game retailer GameStop is undergoing a short-squeeze (ticker symbol GME). Short-selling is when a stock is traded at a higher price in the hopes that the price will decline decently to be repurchased at a lower price…

More on my Becoming Cancel-proof series

Image for post
Image for post

It’s remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

— Charlie Munger

Last month, I wrote about my goal of becoming cancel-proof, and I announced I would share the things I learn on Medium for other folks to borrow. The long-term goal is to create a passive income for myself by investing in companies that pay good dividends. The focus of this post will be on the first principle of value investing: the elimination of risk.

In the quote above, Munger refers to the…

Until there’s a basic income, what can we do?

Image for post
Image for post
Joe Rogan, comedian, martial artist, and host of ‘The Joe Rogan Experience’

What is this thing called cancel culture?

“Cancel culture” is a controversial term about an era of controversy. Many disagree on what exactly is cancel culture or not, since it’s a term that has developed organically and lacks a historical, academic, or etymological basis, except that it seems to borrow from the concept of having TV shows cancelled (more on that in a moment). In an attempt to encapsulate it as best as possible, I’ll define it myself. I think cancel culture has the following features:

  1. The purpose is to deny an income source to a targeted individual or group, permanently.
  2. The motives for cancellations are primarily…

Using my work experience and recent investing knowledge

Image for post
Image for post

From February 2019 to June 2020, I was a barista at Starbucks (ultimately getting phased out because of the Coronavirus). I ended up being there not quite long enough to benefit from stock options that partners (Starbucks workers) can receive. Nevertheless, I remain subscribed to r/starbucks and have made several visits to my old store. I keep in touch with my manager, who become a good friend of mine. I therefore still have a residual, personal interest in the company.

Recently I started studying the principles of investing, namely, a school known as value investing, which is associated with the…

Why was Andrew Yang right?

Image for post
Image for post
Campaign print of a $1000 bill, featuring a dank and based Andrew Yang.

Andrew Yang sought the Democratic nomination in the 2020 Presidential Election. His flagship campaign position was the Freedom Dividend, a form of Universal Basic Income (UBI). UBI is income, essentially, that one gets for existing. Financed by a Value-Added Tax (VAT), Yang’s goal was to provide payouts of $1,000 per month to individual Americans. Because he was an outsider, he did not win, but his idea caught fire and is now a major topic for future elections. Let us know review why the Dividend is still a good idea for the future, as we look to 2022 and 2024.

1. It Doesn’t Discriminate


Looking back on a fall from grace

Image for post
Image for post

Dave Rubin has an interesting story. He started on The Young Turks, an alternative media source to the major, corporate outlets like CNN or MSNBC. It was a populist source, but around 2013 it became increasingly partisan and biased. The lack of self-restraint in reporting and conduct stood out to me like a sore thumb. Rubin had been working with them at this time, as a self-avowed progressive, but it was in this period that he began to have differences with them, apparently due to this shift (as he has since claimed).

This culminated in his departure from the show…

Disclaimer: All of these terms have kernels of truth in them. The purpose of this list is to understand what these terms mean as they are used in political discourse, what they explain well, and what they explain poorly.

Abolish/Defund the Police: This term is variable in its use. Sometimes it refers to actual abolition or slashing funds of police departments. Sometimes it refers simply to firing the current police, hiring people to do the same law enforcement work, and then calling them something other than police. It can also refer to restructuring budgets without overall cuts. …

Joseph Parrish

I discuss politics, economics, art, video games, and other interests.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store