The Penn Central Bankruptcy And Railroad Stock Investments
In 1846, the Pennsylvania Railroad was created. It was one of the stodgiest blue-chip stocks in American history, even making dividend payments during the Civil War. In fact, from 1846 through 1946,...
View ArticleImperfect Substitutions For Success And Prosperity
Someone that attended my high school is currently the manager of a McDonald’s franchise in St. Louis. Among other things, he brought up the fact that his compensation and opportunities for advancement...
View Article$2 Billion In Wealth Vs. $591,000 In Wealth
From 1900 through 2000, an investor that owned a tobacco index would have compounded wealth at 14.6% annually. Someone that invested in shipbuilders would have compounded wealth at 6.4%, over three...
View ArticleGoogle’s Growth Strategy Comes Under Criticism
Michael Liedtke, the technology writer for the Associated Press, recently wrote an article discussing the effects of the unorthodox Google stock split designed to keep the majority voting control in...
View ArticleThe U.S. Global Jets ETF (JETS) Is A Disaster Out Of The Gate
Sometime this spring, U.S. Global Investors is going to launch The U.S. Global Jets ETF that is an index fund for airline companies. The ticker symbol will be the cutesy JETS and it’s something you...
View ArticleBHP Billiton’s South32 Spinoff: A Potential Tax Implication
If you look up the price of “BHP”, the Australian-based listing of BHP Billiton, you will see a price of $47.03. If you then look up the price of “BBL”, the British-based listing of BHP Billiton that...
View ArticleThe Penn Central Bankruptcy And Railroad Stock Investments
In 1846, the Pennsylvania Railroad was created. It was one of the stodgiest blue-chip stocks in American history, even making dividend payments during the Civil War. In fact, from 1846 through 1946,...
View ArticleThe U.S. Global Jets ETF (JETS) Is A Disaster Out Of The Gate
Sometime this spring, U.S. Global Investors is going to launch The U.S. Global Jets ETF that is an index fund for airline companies. The ticker symbol will be the cutesy JETS and it’s something you...
View ArticleGeneral Electric To Sell Most of GE Capital
Yesterday was a classic example of why I do not spend anytime whatsoever discussing market timing, defined as the purchase or sale of stocks based on expected short-term price swings rather than...
View ArticleThe Future Of General Electric’s Dividend After The GE Capital Sale
If I were running General Electric, I would have chosen to spin off GE Capital to the existing General Electric shareholders as a tax-free spinoff rather than sell $150+ billion of the remaining GE...
View ArticleThe Sainted Seven Stocks For The Long Run
Normally when I write about investing ideas, I hold little back. However, over the past year, I have come across seven companies that offer a high probability of being superior investments. These are...
View ArticleRich Families, Poor Families, And Chapter 13 Bankruptcy
When someone contemplates filing for bankruptcy, one of the first choices that an individual or a family must make is this: “Do we want to file for a Chapter 7 or Chapter 13 bankruptcy?” In a...
View ArticleWhy Lehman Brothers And Bear Stearns Collapsed
In May 2007, the financial sector replaced the energy sector as the largest component of the U.S. economy. Banks, notably Wachovia, Citigroup, Lehman Brothers, Bear Stearns, Bank of America, JP...
View ArticleAn Investing Chart Placed In The Home Of A Wealthy Family
I received an e-mail from a reader who brought to my attention the fact that different sectors of the U.S. economy have very, very different records of building wealth for the shareowners, and he...
View ArticleThe Tax Man And Your Compounding Machine
In an interview with Forbes on January 22nd, 1996, Charlie Munger said, “The objective is to buy a non-dividend paying stock that compounds for thirty years at 15% a year and pay only a single tax of...
View ArticleWhy Wall Street Ignores Perfectly Good Blue-Chip Stocks
On CNBC last week, a financial analyst/TV pundit went on air and said, “We are bearish on AT&T—it hasn’t grown its profits at a rate above inflation in a very long time. We don’t have it in any of...
View ArticleBeing A Selective Investor In 2015
At Berkshire Hathaway’s annual meeting this past weekend, Warren Buffett mentioned that most stocks are likely a bit pricey right now unless interest rates remain low for the next 5+ years. You don’t...
View ArticleThe Tax Man And Your Compounding Machine
In an interview with Forbes on January 22nd, 1996, Charlie Munger said, “The objective is to buy a non-dividend paying stock that compounds for thirty years at 15% a year and pay only a single tax of...
View ArticleRich Families, Poor Families, And Chapter 13 Bankruptcy
When someone contemplates filing for bankruptcy, one of the first choices that an individual or a family must make is this: “Do we want to file for a Chapter 7 or Chapter 13 bankruptcy?” In a...
View ArticleWhy Wall Street Ignores Perfectly Good Blue-Chip Stocks
On CNBC last week, a financial analyst/TV pundit went on air and said, “We are bearish on AT&T—it hasn’t grown its profits at a rate above inflation in a very long time. We don’t have it in any of...
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