Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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🤖 I Met Scott the Robot This Morning...
Published about 3 hours ago • 3 min read
Here's your weekly helping of interesting investing information and insights.
Opinion
This newsletter is late because I had an emergency work call and not a fashion emergency at Nordstrom Rack this morning when this little robot cooler named "Scott" rolls up across the street. It was loaded with food from Wild Fork and off it went down the snowy sidewalk.
Obviously I looked it up. Serve Robotics (ticker: SERV) - spun out of Uber in 2021. They make robots that deliver food within a couple miles. They've got serious partners: Uber (UBER) is their biggest investor and customer, NVIDIA (NVDA) makes their computer chips, and Magna (MGA) builds the robots. They're rolling out 2,000 of them by end of year through Uber Eats and DoorDash.
But there's a HUGE concern - they've never made money! Last quarter: $687,000 in revenue, but are burning cash like crazy. They just raised another $100 million to keep going. Classic race against time - either they scale big enough to make it work, or they run out of money and the stock crashes.
It's a fun concept and one that could scale across the globe. Check out their website and latest investor presentation and let me know if you'd ever consider gambling on a company like this!
What I'm Reading
This article teaches you the 10 most important rules of dividend investing, showing you how to avoid risky "dividend traps" and instead find solid, reliable companies that will pay you steady income over the long term. [Link to article]
Quote I'm Thinking About
"If your opinions on one subject can be predicted from your opinions on another, you may be in the grip of an ideology. When you truly think for yourself, your conclusions will not be predictable." — Kevin Kelly
The Automatic Millionaire by David Bach was one of the first financial freedom books I read, and it was a pleasure to hear him on DOAC. David Bach even highlights why home ownership is so important... because of the forced savings! This is a great listen for anyone who's in need of being shown the path of financial freedom.
Ray Kroc didn't start McDonald's (MCD), but he got the ball rolling that turned it into a global powerhouse that feeds 65-70 million people daily! This was a really fun episode to listen to and it made me want to run out and buy more McDonald's... not the food, but the stock!
Disclaimer: This is not investment advice. Do your own research before making any investment decisions.
😁THANK YOU to all who responded to the last newsletter!!
1 Berkshire Hathaway Inc. (BRK.B) | $474.00 / Used the SOXL proceeds to acquire the BRK.B share. And, we'll need it to access the annual shareholder meeting in Omaha on May 2nd!
5 Amplify Intl. Dividend Income ETF (IDVO) | $42.27
6 Ares Capital (ARCC) | $19.95 / As usual, I'm adding dribs and drabs of Ares when it falls below its last reported NAV (Net Asset Value) of $20.01.
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Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.
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