I've come across this quote more than once: "Act like you can't afford the bread until they find out you own the bakery," and it has stuck with me ever since. If you have been here for a while, you know that the whole purpose of this blog is to understand the mindset of being... Continue Reading →
The Importance of Independent Thinking in Investing
If you want a life different from everybody else, then you can't think like everybody else. This also applies to you as an investor. You won't have to go far to find someone telling you what to own, what to move, or what to manage in your own portfolio. For instance, I see users on... Continue Reading →
How to Think of Stock Ownership – Seeing Stock Market Opportunities Through a Business Lens
Yesterday I walked by McDonald's after picking up a hot deli lunch at Walmart for the first time. I had gone to grab a pair of new sweatpants. The weather is changing, and it's getting colder. I also found my stomach growling, so I picked up a couple of BBQ pork sandwiches and a Nathan's... Continue Reading →
Managing Portfolio Weighting For The Investment Fund – Staying Focused on Fundamentals
Good morning readers, it is 8:40 AM on a Monday morning, and it feels nice to be up this early as it has taken me a while to get back to a decent sleep schedule. I woke up early, ready to buy more shares of a certain company for the investment fund, and added a... Continue Reading →
Private Fund Update – Steady Progress Towards $1,000 AUM
The private investment fund has now reached $658 assets under management, and the annual income for the fund is $16.36. The targeted goal is $1,000 AUM by the end of the year, December 31st, 2024. If you’ve been following along, you can see that the $5 contributions, which are on a daily schedule, are adding... Continue Reading →
You Have to Have Skin in the Game to Understand How the Stock Market Works
When I was at the fair yesterday, I was talking to the lady behind the counter at Fisher Scones. We both were excited about the free Coca-Cola bags, and she made sure to get one for every employee of hers. She told me she was a big collector of Coca-Cola, and I asked if she... Continue Reading →
Why I Don’t Regret Not Driving and Owning a Car
You think you are behind, but you are right where you want to be. This is the thought I had today as I was recalling conversations I had with a friend of mine who used to be one of my neighbors at an old apartment complex. It was my first apartment ever, and after a... Continue Reading →
Buying Back Time Through Dividend Investing
Yesterday was a fair day with the teen and a family friend. Coca-Cola was a big sponsor, and everyone who donated school supplies not only got in for free but was also given free Coca-Cola bags. Saying I was excited to see them as a big sponsor is an understatement. Once inside the gates, they... Continue Reading →
Bringing Food to the Fair to Save Money
The teen wants to go to the State Fair on Friday with a family friend, so I canceled everything on the calendar for that day so we can go and spend the day taking in the ambiance of the once-a-year fair. And if you know one thing about me, it's that you know I am... Continue Reading →
Understanding Trade and Opportunity Cost – Every Dollar Counts
There will always be things to buy. There will always be money to be spent. The world doesn't stop moving when you're sleeping. Money continues to flow in and out of people's hands 24/7—it's just how things work. Understand, there is no shortage of people happy to take your money, because exchanging a product for... Continue Reading →
