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July 2018

We have written several times over the years of our philosophy of owning passive interests in good companies: In other words, investing rather than ‘trading’ stocks. Recently Warren Buffett was quoted on the same topic:

"Charlie [Munger]and I view the marketable common stocks that Berkshire owns as interests in businesses, not as ticker symbols to be bought or sold based on their 'chart' patterns, the 'target' prices of analysts or the opinions of media pundits.

When you turn on the TV or read investing articles, it's common to get lost in the fact that when you purchase a stock, exchange-traded fund (ETF), or index fund tracking the S&P 500, you're buying a stake in an actual business. You're an owner of a public business. Looking at it from that perspective, why do people try to buy and sell businesses based on the movement of the business price on any given day?"

“I’m not sure that I have my 401(k) invested the best way.”

“Dad and I have almost the same investments in our retirement plans, but he is 63 and I am 25. Does that make sense?”

“Nobody helped me decide how to invest my 401(k).”

Those are typical of the all-too-common concerns expressed about retirement plans, especially 401(k) s, and how to use them to best advantage. For your family and friends we offer an absolutely free consultation to provide answers to such questions.

Children? Grandchildren? Golfing buddies? Recent retirees? Just call, or have them call, and we will schedule a time to meet—come along with them if you wish to see how our truly no-obligation service works.

summer reading suggestions

Oh my gosh! I just saw an Amazon list of ‘summer reading’. Not realizing that books are seasonal, I inadvertently read one of the books on their list, ‘Killers of the Flower Moon,’ during winter—November as best I can recall. And, woe is me; I just finished what is probably considered a ‘winter/fall’ candidate, ‘Beneath A Scarlet Sky.’ I think I need an in-house librarian/weatherman person. By the way, I highly recommend both books.

Previous column: June 2018
Next column: August 2018