Investing Out Of The Stock Market
I write a lot about investing in the stock market and analysing businesses, etc. I haven’t really talked to much here on the blog about making investments in things outside of the stock market (e.g. Angel Investments, Real Estate Investments, etc.). Regardless of where I am investing my money or time, the thesis is always the same. I am only interested in having things that are worth more than I pay for them. My kids… I pay a lot of time and money for and they are worth far more than every day I spend coaching them. My stocks are all worth more than I paid for them (or less in the case of the shorts). My real estate is the same way. Part of what got me excited about … Read entire article »
Filed under: Investing, RealEstate
Investment Advice, Stockbrokers, and Financial Planners
In the last few months I have been asked way too many times for a referral to or advice on how to pick a stockbroker. My first thought is always that I am glad the people asking realize they just want help managing their investments. It is definitely a good thing to focus on what you are good at and be willing to spend the money for someone to do the things that you are not good at. This is the basic economics that Adam Smith explained. Usually the people asking have looked around on the web already yet have been generally shy to ask their close friends for the same advice. For some reason our culture makes it hard to talk about real money matters with friends and family. Usually that is because those conversations lead … Read entire article »
The New History of Greece
The family and I are off to see the mythological contagion of Europe tomorrow… formerly known as Greece. We are all bummed we won’t be using the Drachma while we are there, yet we are all happy there won’t be too many riots while we are there as well. I sure wish that all the subsidized ferry’s were still operational though and all the taxi drivers weren’t going on strike all the time. There will still be plenty of history from the past and present to witness and plenty of islands and ocean to visit. So why Greece? Besides the fact that none of us have been, it is gorgeous, they could use our tourist money, and history is happening there…. It is important to note that Greece is not like … Read entire article »
Filed under: Investing, Josh Maher
Are You Losing Money?
You pay on average 1-2% in fees to someone else just so that they can manage your money. This means that even if they are great at managing your money, you are going to lose between a third to a half of your potential earnings over a 30 year timeframe. Of course the research shows that you are likely paying a crappy manager to manage your money in the first place considering the larger money managers significantly underperform independants. Which means that you are likely able to match or beat their performance with minimal effort. Why do I say that you are going to lose 30-50% of your money? It is pretty simple compounding interest math. As your investment grows, the schmuck you are paying to manage your money earns more money. The tough part … Read entire article »
