Finally, A Deal
It has been a while since I have been able to make an investment that truly qualifies as a “deal” in something approaching Benjamin Graham’s use of the term. For the past several years, most of the...
View ArticleBecton Dickinson: The Life-Changing Dividend Stock No One Talks About
Somehow, the early part of my Friday evening took me to some kind of investor’s conference where people just bounce ideas and strategies off of each other for two hours. I was talking to a guy who was...
View ArticleClorox: The Red-Headed Stepchild of Blue-Chip Investors
By the two most important criteria that make an investment a candidate for super long-term consideration (diversification and high-quality name brand products), Clorox would seem to be a dream...
View ArticleDon’t Cut The Legs Off Your Successful Investments
Friday is here. Way back machine time! How far back are we going? 1984. I wanted to look at some hard numbers to expound upon my previous post about the Babe Ruth style of investing, to point out how...
View ArticleThe Babe Ruth Style Of Investing In Your Stock Portfolio
If you’re in a hurry and don’t have the time to make it through this article, here’s the entire point in one sentence: Almost everyone is trained to think linearly in a way that suggests the frequency...
View ArticleThe Magical $1.4 Million Wealth Mark For Retirement
People often meet with their retirement advisors and try to figure out what the appropriate net worth figure is necessary for someone to retire. It’s a difficult question to answer because everyone...
View ArticleDividend Investing Without Regrets
If you are a regular reader of the site, you’re probably not trying to answer the question “how can I make as much money, as fast as I can, at any cost”, but rather, you’re probably after a...
View ArticleWhy Starbucks Stock Keeps Outperforming The Market
On June 26, 1992, Starbucks’ stock (SBUX) began trading 2.1 million shares on the public market at a price of $17 per share. The stock has had six 2-for-1 stock splits since its IPO, so the IPO price...
View ArticleThe Beauty of A Flexible Income Investing Strategy
In February, I wrote an article titled “Why Boardwalk Pipelines Is An Absolute Steal At $13.” That article was uncharacteristic compared to the high-quality dividend stocks I usually discuss because it...
View ArticleRoth IRAs for Kids: Half-Century of Compounding
According to Fidelity, 61% of children growing up in households with annual income above $250,000 have a Roth IRA. Sometimes, we have conversations in broader society about the privileges and benefits...
View ArticleThe Sequoia Fund vs. Conoco Phillips
For those of you that keep up with your stock market history, you know that the Sequoia Fund was the mutual fund that Warren Buffett recommended investors should choose during his transition period...
View ArticleSelling Stocks Online (Ugh, A Bad Idea)
Old people and their stock certificates are great because the physical acts required to cash a stock certificate add some friction to the buy-and-sale process that might make an investor more likely to...
View ArticleThe Rewards of Truly Patient Dividend Investing
I love this chart. It shows what happens if you had purchased and reinvested dividends in McDonald’s stock over the past two decades. For most of McDonald’s history, the initial dividend yield was...
View ArticleRay Kroc and the Ford Edsel
On November 19, 1956, Ford Motor Company announces to the Detroit automotive press that it was launching a new car brand, the Ford Edsel, that would be available for the 1958 model year. The company...
View ArticleThe Saga Of Destruction For Small Investors
There are generally two ingredients to the formula that cause someone to walk around saying something like, “The stock market is rigged.” First, they generally buy stocks at prices that could be...
View ArticleRich People Habits: Almost No Television Time
I find it wise to pay attention to the cultural habits that distinguish the difference between the most and least successful households in the United States. Obviously, the most interesting data points...
View ArticleExperiencing Stock Price Loss Is Almost Necessary For Long-Term Success
On certain college campuses in the United States, particularly places like Oberlin and UC Santa Barbara, there is a new trend afoot to preface potential intellectual discomfort with a “trigger...
View ArticleHigher Interest Rates Would Change Everything
Among my investment notes, I keep a copy of a printout from the 1990 edition of the Moody’s Investment Manual that described the prevailing interest rates at the time. In March 19990, the Treasury bond...
View ArticleJust Not Worth It: Stay Away From American Realty
It’s the start of June—one of three best months to be alive—and yet, I’m stuck reading through the shenanigans that CEO Nicholas Schorsch is pulling at American Realty. I’m still sorting through it...
View ArticleThe Best 401(k) Investments: Small-Cap Value Funds
From 1926 through 2019, small-cap value stocks have delivered investment returns of 12.8% annualized. Even from 1990 through the present, the results are still an astounding 11.4% annualized. The...
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