If I could have lunch with anyone, it would be Warren Buffett. His financial journey and investing prowess are inspirational. Alas, I don’t have any direct connections to Warren Buffett. Nor do I have enough wealth to buy a lunch meeting with him. But thanks to CNBC, I felt like I did in a great […]
I Saved $2.1 Million On Lunch – A Sit Down With Warren Buffett Read More »
People have been freaking out lately by a weak US dollar. I’m here to tell you it doesn’t really matter. Did you know that 60% of Americans have never left the country and less than 25% of Americans own passports? Most of the 40% who leave come back, so it’s only a temporary amount of
A Weak US Dollar Doesn’t Matter Folks! Read More »
This post was originally published on October 15, 2009, during the global financial crisis. In the past 10 years we’ve come full circle and finally re—re–breached Dow 10,000 yesterday! Bust out the party hats and call up your favorite car dealer, because money is now raining from the sky! I fully admit that being defensive
Party Like It’s 1999! 10 Takeaways From This Recession Read More »
Your net worth is an illusion. Unless your house is fully paid for, and unless you can access your retirement accounts and liquidate your business today, your net worth is not real. Although we’ve recovered quite a long way since the 2008-2009 financial crisis, we can never fully count on the full value of
Your Net Worth Is An Illusion, Sorry To Spoil Your Delusion! Read More »
I declare September frugality month. If I’ve learned anything from my 20+ years working, it’s that September and October are generally dicey months for people’s fortunes. September has historically been the worst performing month for stocks on average since 1950. 9/11 wasn’t good, neither was September 15, 2008 when Lehman declared bankruptcy. The expression, “Sell In
Get Rich In September & Buy Nothing! Read More »
The most overrated business is the restaurant business. Here are some of the most overrated businesses to start according to Kelly Spors and Kevin Salwen from the Yahoo Small Businesses page: Restaurant Direct Sales From Home On-line Retail High-End Retail Independent Consulting Franchise Ownership Traffic-Driven Websites i.e. Financial Samurai, but also Facebook! Millions have lost
The Most Overrated Businesses – Restaurant Is #1 Read More »
There are press reports that Bernie Madoff has cancer and doesn’t have many years left to live. If this is the case, does Bernie win in the end? For decades, Bernie has been pilfering his clients for millions, and living far beyond his wildest dreams. Bernie Madoff’s $450 Million “Win” Let’s say that through an honest
Does Bernie Madoff Win In The End? Read More »
In a bull market, everybody is a financial genius. Although I sold 75% of my Tesla holding at $888/share, I’m glad I held onto the rest. Otherwise, I’d feel like a real dummy! Over at one of my favorite blogs, “Get Rich Slowly”, site owner JD writes how he successfully invested more money in the
Everybody Is A Financial Genius In A Bull Market Read More »
Be your own fund manager if you want to make money. By the time Baidu, the “Google of China” went public, venture capital firm Draper Fisher’s 28% stake was worth over $1 billion dollars by the end of the trading day. Not a bad return considering their likely sub-$50 million investment just years ago! In
Be Your Own Venture Capitalist Fund Manager Read More »
Yes, I know I’m being a tad bit facetious here, but not really. After getting US$45 billion in government aid, the US government and we the people of America own roughly 36% of Citigroup. The interesting debate is whether Citigroup employee, Andrew J Hall should be paid his $100 million bonus as described in his
Government Employee Entitled to A $100,000,000 Bonus! Read More »
