Although I strongly encourage any of you to read Benjamin Graham’s classic “The Intelligent Investor” if you have not done so already, I do know that “life happens” and it’s a lot easier to find fifteen minutes to read an article than it is to hunker down and read a dry, detailed text for 4-5 hours straight. So for those of you don’t have the time to read The Intelligent Investor or simply want to get a summary to help you determine whether the book is worth reading, I’ll try and share with you the four general principles that I took away from reading the book.
(1) Price Matters. A lot.
(2) Stock … Read the rest of this article! “The Four Investing Secrets Of Benjamin Graham’s The Intelligent Investor”
I’m currently in the process of decluttering everything (as you can see from this screenshot, I currently have 12,446 unread e-mail messages). A lot of it is spam, and some of it is reader questions that got lost in the shuffle through the holidays that I did not manage to catch.
Anyway, I’ve been trying to opt out of everything and clean up the amount of physical mail and e-mail that I receive, and I thought it would be worth pointing out the two most mainstream ways to get off lists.
If you are interested in getting on the “National Do Not Call Registry”, then you should visit this link and have your … Read the rest of this article! “How To Stop Credit Card Companies From Sending You Mail Or Calling You”
Back when I was soliciting questions from you before Thanksgiving, one of the questions I received from a reader concerned the wisdom of taking out student loans to invest. That’s a question that I have gotten two or three times before and never had the time to answer, so I’ll tackle it now.
The short answer is no. The longer answer is: I don’t know who you are borrowing the money from, but most likely, you are signing a contract that has restricted potential uses for the money that you borrow. Most likely, “investing the money” violates the contract. Look, nowadays, everything you do leaves behind a digital trail. If you take out … Read the rest of this article! “Should You Borrow Student Loan Money To Invest?”
While on my Benjamin Franklin kick, I came across this old letter that the founding father, inventor, philosopher, and investor had written to a young, ambitious tradesman. Thought you might enjoy.
To my Friend A. B.:
As you have desired it of me, I write the following hints, which have been of Service to me, and may, if observed, be so to you.
Remember that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent or
… Read the rest of this article! “Benjamin Franklin’s Letter To An Ambitious Tradesman”
To kick off the new year, let’s take a step into the “Way Back Machine.” We won’t get carried away with ourselves and go too far back (long New Year’s Eve night and all that)—only ten years to the January 1st start to 2004.
At that point in time, you were looking to make an investment with $25,000. Maybe you inherited it, maybe it was a bonus, maybe you sold an asset or business, or maybe you put together the money through some good old-fashioned saving.
As you come across some potential investment ideas, you decide to take a hard look at Colgate-Palmolive. Everyone knows how lucrative toothpaste, soap, and other toiletries … Read the rest of this article! “Colgate Palmolive Dividends Make You Rich Without Even Realizing It”