A fair question

Charlie Munger is famous in the invest­ing world. He’s a plain-spo­ken mas­ter of what should be the obvi­ous, typ­i­fied by the fol­low­ing response to a request for invest­ment advice: Seems sim­ple. In fact it is, and it’s pow­er­ful advice. There’s real­ly no secret to get­ting start­ed invest­ing when tak­ing this advice. Which begs the ques­tion… […]

“Stocks, Reinvesting & Diversifying w/Marco Schwartz”

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Mastermind.fm
11/8/16

I’m enjoy­ing mastermind.fm and have recent­ly sub­scribed to fol­low their pod­cast.

This episode is chock-full of moti­va­tion! A great dis­cus­sion on buy­ing com­pa­nies who increase their div­i­dend pay­ments, as well as oth­er ways to invest for pas­sive income like peer-to-peer lend­ing and affil­i­ate mar­ket­ing.

Their dis­cus­sion about why to invest and how to get start­ed with div­i­dend invest­ing is in align­ment with the Elephant’s Paycheck Blueprint. I was pret­ty sur­prised to hear the inter­view­er talk about how hes­i­tant he was to get start­ed, and how lit­tle he knew. Marco real­ly helps the lis­ten­er under­stand the impor­tance of build­ing a dis­ci­pline of invest­ing just the same way one builds their own free­lance busi­ness.

How to buy a stock

Especially if you just have a little money to get started

I think the sim­ple step of how to buy a stock can be a bit over­whelm­ing if you’ve nev­er done it before. New com­pa­nies are try­ing to make it eas­i­er to get start­ed using tech­nol­o­gy to make the pur­chase more approach­able. Stockpile is sim­ply one of the best way to get start­ed build­ing wealth because you can buy shares […]

Fees? What Fees?!

It’s incred­i­ble how unin­formed peo­ple are about their own finances. This arti­cle on the cost of British mutu­al funds is a lit­tle scary: The under­ly­ing prob­lem, at least when it comes to retail clients, is that fund man­agers do not com­pete on price at all. Part of this is due to many investors’ igno­rance. Remarkably, more than […]

Too much choice

Bob Moesta is a guy I fol­low because he real­ly under­stands con­sumers and how they make deci­sions about the prod­ucts they use (or don’t). 1/2 Too much choice dri­ves non-con­sump­tion. Anxiety of being wrong or too much to learn to make a deci­sion. — Bob Moesta (@bmoesta) October 20, 2016 As I was doing research for […]

Building wealth and life experience

From my own expe­ri­ence, earn­ing mon­ey is only part of the bat­tle. Not spend­ing what you earn, and turn­ing it into sus­tain­able wealth is the oth­er part. Possibly the hard­er part. In my book, I talk about my own jour­ney. Having earned a lot before I was 30, I had to learn “what next?”. Without being dri­ven by […]

3 Investing truths (that are ridiculously untrue)

I saw the fol­low­ing tweet and relat­ed to James’ sen­ti­ment: “It pays a good div­i­dend” might be the most com­mon, and least informed argu­ment for keep­ing any indi­vid­ual stock. — James Osborne, CFP® (@BasonAsset) September 26, 2016 I love div­i­dends, but “pay­ing a good one” is an awful argu­ment for buy­ing or keep­ing an invest­ment. Other con­tenders […]

investing truths

Whose side are they on?

The ‘they’ I’m refer­ring to in the title is not your advi­sor, but rather the whole indus­try at large. We hear that mutu­al funds are bet­ter. Mutual funds help indi­vid­u­als to diver­si­fy. We hear that indi­vid­ual investors shouldn’t be invest­ing in indi­vid­ual stocks. The thing is, that may be true, in part. However… So many mutu­al funds […]

Whose side are they on