An integral part of my investment success has been about being in the right place at the right time. No, I’m not talking about timing the market. That’s a fool’s errand. What I’m talking about is investing during bad times. When there’s blood in the streets. Indeed, my favorite investment color is red. And that’s […]
Financial wisdom doesn’t come naturally to the mind, it’s learned. Most people who have achieved success with money received help along the way. Maybe they absorbed the knowledge from a parent or grandparent. Or perhaps they pursued it on their own by reading personal finance books and by copying the success habits of others. That’s what […]
Over 50 million U.S. households – almost one in two – own mutual funds today. The U.S. mutual fund market, with over $10 trillion in assets under management, remains the largest in the world, accounting for nearly half of the mutual fund assets worldwide. Investments into mutual funds have poured in at a staggering pace over the […]
There’s an old joke about the police asking the freshly caught bank robber why he robs banks. “Because that’s where the money is”, replied the thief! I went into sales because that’s where the money was. I knew how to identify prospects, understand their problems, and how to solve them. I spent years perfecting these […]
It’s been repeated so often by guidance counselors, career coaches and your parents that you’d think that they’re all getting paid every time they utter the words. Indeed, “follow your passion” has become a hallmark piece of career advice. Heck, even my own mentor, Warren Buffett, suggests that those who are starting out should do […]
Omaha. October 16, 2008. A date that will be forever immortalized in the investing world. On this day, Warren Buffett pens an op-ed for the New York Times, entitled “Buy American. I Am.” You can read it here. In the article, the billionaire said he was employing his personal investment account (outside of Berkshire Hathaway), that had […]
The cracker jack team of IT professionals here at the blog’s worldwide headquarters tell me that some of my most popular posts have to do with Berkshire Hathaway. I like to think that these posts are so popular because of my seductive writing style. But my team seems to take pleasure in informing me that […]
Want to know what Warren Buffett was doing when he was the age of most millennials today? Did he achieve his stated of goal of becoming a millionaire by age 30? What were the key turning points along the way in building his massive wealth empire? What I always find interesting in looking at Buffett’s history, […]
My phone has been ringing off the hook lately… And my email inbox is bursting at the seams as well. The stock market is gyrating more than Elvis Presley in a 1950s beach movie and everyone keeps asking me the same question… Are we about to enter another big, scary recession like 2008-2009? Given the […]
Before we get to today’s post, I wanted to direct your attention to a recent article on The Street.Com by Kristin Colella entitled “10 Reasons Why You’re Still Not Rich“. Some of my personal commentary appears in this article and I think Kristin did a great job encapsulating the main reasons that keep people from becoming […]
If you’ve read my ebook, The Financial Freedom Formula, you know that I’m a big fan of having a set of convictions that you internalize for success. These are simply philosophies that you constantly remind yourself of, to keep yourself steady and on the right path to success. In today’s infographic, there are 10 great quotes from […]