This is a quick personal update and follow up on a previous article. As you might recall a couple of months ago I realized my stock picking skills needed work. So, I stopped buying individual banking stocks (UMPQ and ORPB) and I am focusing on index funds. I'm also probably going to get a paid account with The Motley Fool's Stock Advisor service. Here is my retirement … [Read more...] about August Stock Update
So it's been a while since I posted a update about my Prosper.com investing. Prosper is an interesting business, if you're not into peer to peer lending, you should consider checking it out. Prosper is a company that basically offers a marketplace where lenders and borrowers can come together. I've been lending with the company since back in 2007. … [Read more...] about Prosper Update: Shooting for $5,060.92
File this posting under: people worth knowing about. There is so much noise in the investing community it is often hard to find good information. Good sources get drowned out. A notable exception to the crowd is Liz Ann Sonders. … [Read more...] about Check Out Liz Ann Sonders
Well, in case you haven't been following the news, the country is in the middle of a coin shortage. Well, more like a coin supply disruption. The main story is that because of Covid-19, the Federal Reserve Bank had to take steps to protect its staff. As a result the U.S. Mint’s production of coin decreased. The Federal Reserve banks are therefore rationing the amount of … [Read more...] about Yes, Virginia There Is A Coin Shortage
Today's posting is video of a question and answer session with Warren Buffett at the University of Florida. Warren is a clever man and a witty speaker and he provides a lot of detail on his investing philosophy in this talk. I've listened to it twice and found it even more useful the second time around. Its about an hour and twenty minutes long, so as always, you might … [Read more...] about Warren Buffett on Business
If you've read the book The Millionaire Next Door, you probably know who the late Thomas J. Stanley is. Stanley is a former marketing professor at the University of Georgia who has made a career out of studying America's wealthy. Unlike a lot of the guru's out there, Stanley bases his observations on solid survey data, so I trust what he has to say. Specifically, in his book, … [Read more...] about Bad Grades a Barrier to Wealth? Think Again.
One thing I love about the stock market is that it provides objective feedback — either you make money or you don't. I was talking with another blogger earlier this week (we all know each other) and the question about objective returns on stocks came up. So I had a look at my portfolio. To my shock, it looks like I've been an underperforming stock picker. … [Read more...] about I’m An Underperforming Stock Picker
I like to talk about investing and saving money. Often when I'm chatting with my friends or colleagues, people will tell me that they think money brings out the worst in people or that stock brokers are all crooks. Because of this, they don't want to invest. As a result, they tend to miss out on the advantages of owning stocks and bonds. … [Read more...] about Is Your Broker A Thief?
File this posting under "good to know if you want to improve your relationship". If you're looking for solid, easily actionable marital advice, consider signing up for the Gottman Marriage Minute. It's a great resource if you are discussing money or just want to improve how you relate to your partner. … [Read more...] about Check Out The Gottman Marriage Minute
If you're a reader of personal finance blogs, you're probably wondering how to increase your wealth. There are many ways to go about doing this. One is to make your accounts more efficient, by increasing the amount of interest they pay or by improving your cash flow through reducing wasteful spending. However, to build serious wealth you'll want to maximize your returns. … [Read more...] about How To Get 20% Returns