Here's your weekly helping of interesting investing information and insights. Opinion So I'm sitting in bumper-to-bumper rush hour traffic the other day and I'm thinking about Cornelius Vanderbilt and his massive fortune. As one does. This guy died the richest man in America. We're talking more money than the U.S. Treasury had at the time because of the railroad and shipping empires he built. And within 50 years of him being in the ground, his descendants had blown through pretty much all of...
20 days ago • 4 min read
Here's your weekly helping of interesting investing information and insights. Opinion PriceSmart.com Did you know that Latin America has a Costco (COST) clone? I just learned about PriceSmart (PSMT) on the Business Breakdowns podcast... and I gotta say, I'm intrigued. SimplySafeDividends.com 56 warehouse clubs. 13 countries. A family tree that goes straight back to the inventors of the whole warehouse club concept. And yes — the same family that helped build Costco. But this is NOT Costco....
28 days ago • 2 min read
Here's your weekly helping of interesting investing information and insights. Opinion I sold all 115 shares of SCHY at $32.46 this week. Why? This will only apply to readers in the USA, but it was in my Roth, and you can't claim the Foreign Tax Credit in a Roth. Foreign countries take ~15% off your dividends before they hit your account. In a taxable brokerage you get that back at tax time. But in a Roth you forefit clawing that money back. Last year that was only about $9 for me. But $9...
about 1 month ago • 3 min read
Here's your weekly helping of interesting investing information and insights. Opinion A famous short-seller named Carson Block recently said something on a podcast that caught my attention. He thinks AI could wipe out around 15% of office jobs — things like legal work, accounting, finance, and analysis — within three years. That's millions of people who might suddenly need money. And when people need money, they sell their investments. That's important to think about because the stock market...
about 1 month ago • 3 min read
Here's your weekly helping of interesting investing information and insights. Opinion The P/E ratio has probably scared more investors out of more great companies than any bear market ever has. It’s happened to all of us, and this will 100% shift your mindset. And if you have no idea what the hell a P/E ratio is, it's actually pretty simple. A P/E of 15 means you're paying $15 for every $1 a company earns. The market's historical average is around 15-20x. So when something shoots way above...
about 2 months ago • 4 min read
Here's your weekly helping of interesting investing information and insights. Opinion March was rough. Our net worth dropped $53,000 in one month and we officially lost millionaire status. But when you zoom out, a 5% drop that matches a 5% market selloff isn't a disaster. The market went down, we went down with it, and now everything is on sale. I'm not panicking. I'm shopping. A down market is actually a gift if you've got time on your side. You're buying the same companies at a lower price,...
about 2 months ago • 2 min read
Here's your weekly helping of interesting investing information and insights. Opinion Jonathan Boyar was on The Compound and Friends podcast and had the most brilliant phrase I've heard in years - Premature Accumulation! They were talking about Microsoft (MSFT), how cheap it's getting (FYI I'm about to hit the MSFT buy button) and that they're buying. But because we don't know where the exact bottom is, we may buy way before a stock reaches its lowest point. I've experienced premature...
2 months ago • 2 min read
Here's your weekly helping of interesting investing information and insights. Opinion Michael Myers has a knife. It's a big, beautiful stainless steel chef's carving knife. And he uses it to murder people. Gordon Ramsay has a knife. It's a big, beautiful stainless steel chef's carving knife. And he uses it to feed people. Same knife. Totally different life. Money works exactly the same way. Spending money you don't have can trap you, stress you out, and run your entire life. Or it can quietly...
2 months ago • 3 min read
Here's your weekly helping of interesting investing information and insights. Opinion "All the best games are easy to learn and difficult to master." — Nolan Bushnell, founder of Atari Around 1991, I was hooked on a SEGA game called Shining in the Darkness, a dungeon crawler. The concept was simple — go in, fight monsters, find your way out. But getting to the next level? That was a whole different story. I drew maps by hand so I wouldn't get lost making the same wrong turns twice. I compared...
3 months ago • 3 min read