Kiril Nikolaev

About Kiril Nikolaev, CFA

Kiril Nikolaev is the founder and main writer of   Mr. Nikolaev's educational background is in finance and he's a CFA Charterholder. He has worked as a financial analyst for BMO Financial Group, which is one of the largest banks in Canada. He's also worked at Mitre Media where he was responsible for content strategy and product management for a few of their properties, including,,, and a few others. His most recent financial writing work can be found on His passion is in investment finance and he loves to spread awareness of finance and analysis, so that anyone can become an investor. Hire Kiril on Upwork, or find him on LinkedIn.

Market Capitalization VS Book Value

Isn’t it crazy that a G.I. Joe action figure only cost two dollars or so in the 80’s? Yet here we are, thirty-ish years after, and the same action figure sells for $280 in eBay! That’s about 13,900% increase! Insane, right?

So, how could this happen? How can something that was bought for $2 sells for […]

|May 5th, 2016|Elementary|0 Comments

Assets, Liabilities and Equity: The Building Blocks of a Company

At some point in your life, you have definitely owned something (We hope you still do until now!). Take for example your hard-earned money. In exchange for doing your job, you get paid with “cash”. The money that you earn becomes yours. This money is considered as your asset because you own it. But.. SURPRISE! […]

|May 4th, 2016|Elementary|0 Comments

Understanding Technical Analysis

Before a year begins, most of us anticipate what the next color of the year will be. Superstitious people would want to wear something with a shade of that color when the clock strikes midnight of January 1st. Fashion labels would want to know what that color is as soon as possible so they can […]

|May 3rd, 2016|Elementary|0 Comments

9 Reasons Why Stock Prices Change Every Second

Now picture this – you are on Wall Street and you see all these flashy numbers on the board that change every time you turn around. Sounds like a familiar movie scene? Now, you may ask: Why in the world do these numbers change all the time?

The short answer is two words: Supply and Demand. […]

|May 2nd, 2016|Kindergarten|0 Comments

Basic Investment Approach Definitions: Chicken, Pigs and Stock Market Risk

What does a farm and the Stock Market have in common? Chicken and pigs. Yes, that’s right. Forget the age-old question “Which came first, the chicken or the egg?”. The new question would be “Are you a chicken, a pig, or neither?”.

The terms chicken and pig are used to describe investors based on their approach […]

|April 29th, 2016|Kindergarten|0 Comments

What Are the Major Asset Classes and How Do You Invest in Them?

Oftentimes, when a subject is too broad and complex, people tend to classify it into “groups” to simplify identification, observation and analysis. Take for example the entire animal kingdom that you and I are both apart of (unless, of course, you’re an alien, yikes!). There are a lot of different creatures in the animal kingdom […]

|April 28th, 2016|Preschool|0 Comments

Basic Investment Definitions: Bull and Bear Markets

Chances are, you have seen at least one of these movies:

The roaring 80’s Wall Street,
Leo D’s epic performance in The Wolf of Wall Street,
The comic relief of Trading Places,
The making of young millionaires revealed in Boiler Room,
Obi-Wan Kenobi’s Ewan McGregor’s role as a stock broker in Rogue Trader,
Richard Gere playing a criminal in Arbitrage,
Or the […]

|April 27th, 2016|Kindergarten|0 Comments

Primary VS Secondary Markets

We all know what a market is. It is where all trade happens. It could either be a physical location or an online-based platform where buyers and sellers meet and interact to trade goods, services, instruments – anything, really – for money or exchange.

At this point, you already know that stocks, too, are traded. The […]

|April 26th, 2016|Kindergarten|0 Comments

Public VS Private Companies

At some point in our lives, we’ve all been inspired by success stories. Usually, the hero of these stories start from the bottom with close to nothing – then, boom! It takes one brilliant idea, a single streak of luck or one convinced person to pave the way for success.

Like our heroes, most businesses start […]

|April 25th, 2016|Kindergarten|0 Comments

The First Thing You Need to Know About Diversification

In a company, there are several departments, each with its own function. There’s the Sales Department, in charge of, well, selling. There’s the Marketing Department, tasked with branding and consumer insights. There’s the Finance Department, those responsible for the recording and analyzing the numbers. Then there’s the Operations Department, in charge of producing and storing […]

|April 22nd, 2016|Preschool|0 Comments