Stan “The Man” Musial, Dividend Stock Investing, And The Inner Drive

Earlier this year, one of the most revered figures in St. Louis history died. If you are from the Midwest, or are a baseball fan of a certain age, you already know the person I’m talking about: Stan “The Man” Musial.

Describing his ball-playing abilities, Baseball Commissioner Ford Frick called Musial baseball’s “perfect warrior” and “perfect knight.” A look at some of his statistics can explain why: he won the MVP award in 1943, 1946, and 1948; he had 3,630 career hits (and equal number away and at home), 725 doubles, 177 triples (wow), and 475 home runs; he had a batting average above the .300 mark for sixteen straight seasons; he had a career batting average of .331; he was never ejected from a game in his entire career; he won the World Series in 1942, 1944, and 1946; he spent his entire career with the St. Louis Cardinals; and he played in 24 All-Star games. He also has some unique records such as five home runs in a double-header, and he hit six career home runs in All-Star game competition, a record that still stands.

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Do You Want A Duck Or A Lifetime Stream Of Income?

I was at Wal-Mart on Thursday when I came across this deer, duck, dog, and bear toilet-paper holders being sold for the price of $24.97. Whipping out my phone, I took this picture to share with y’all:

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Obviously, those little guys are awesome. Why would you want to live your entire life taking toilet paper from metal placeholders when you could get the goods specially delivered by a duck for the rest of your life?

A question like that deserves a thoughtful response.

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While duck toilet-paper holders are admittedly awesome, I also like to remember that it’s awesome to be a part-owner in an excellent business that feeds me cold, hard cash every three months and usually raises that amount with the passage of time (the raises typically come once per year).

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Fleetwood Mac, Rock ‘N Roll History, and Financial Independence

I’ve spent a lot of time recently studying the history and crazy dynamics behind the members of the rock group Fleetwood Mac—a 1970s supergroup that released the album “Rumours” in 1977, which is the sixth-best selling album of all time, behind Michael Jackson’s Thriller, Pink Floyd’s The Dark Side Of The Moon, The Eagles’ Greatest Hits album, AC/DC’s Back in Black, and the Bee Gees’ Saturday Night Fever. And in terms of “certified” sales, it is fifth all-time, behind: Thriller, the Eagles’ Greatest Hits, Whitney Houston’s The Bodyguard, and Shania Twain’s Come on Over.

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My Three Favorite Businessmen

William Danforth—He founded Purina Mills, the company that would soon become Ralston-Purina, in St. Louis, Missouri, during the summer of 1894. As of the early 2000s, Ralston-Purina is now a part of Nestle, combining two of my favorite companies (the only other merger of equal beauty during my lifetime occurred when Procter & Gamble picked up Gillette).

The reason why I like William Danforth so much is because he understands the connection between business and the rest of your life (I have a tendency to gravitate towards the investor/philosopher types).  He is the gentleman that wrote the book “I Dare You”, which I plug on this site as the summer read of 2013.

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The Straight Dope On Diversification

I recently received this comment and question from reader “DB”, and once I saw that my response had crossed the 1,000 word threshold, I decided it was worthy of its own post. The question is about why it can be inadvisable to jump into the market all at once upon receiving some kind of windfall. Specifically, here is what DB had to say:

“Hello Tim – Thanks for this article! I like your writing style. I am just now constructing a dividend portfolio and it has been quite the learning process. I am wondering if you can address a question I have on building the portfolio regarding actually making purchases. I have seen a few authors caution the new dividend investor to not buy all your stock picks at once but to make the transition over time. Why is this? I assume the authors are telling us to identify the stocks we want to purchase and then wait for the appropriate entry price? Although I understand the share price is important and I do try to find value, If I am buying a quality company for a long-term position how important is share price?

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