|
|
Go to page [Previous] 1~2~3..13~14~15 | ||||||||||
S2000magician Inner circle Yorba Linda, CA 3465 Posts |
As an aside: you (General Magician) should check the Bogleheads website: they're strong proponents of index fund investing, and you'll find a lot of good discussions there.
|
|||||||||
tommy Eternal Order Devil's Island 16532 Posts |
Remember the big boys, they have told us, this is the 21st century of change. The new normal is comming.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
|||||||||
S2000magician Inner circle Yorba Linda, CA 3465 Posts |
Interesting thread on the Bogleheads website (mentioned two posts above): Dividend Strategy Ain't For Everyone.
|
|||||||||
General_Magician Special user United States 707 Posts |
Generally companies that are mature and well established might be a good investment. I prefer companies that are mature and well established as well as having a well established dividend that has been paid out for at least 20 consecutive years. These type companies are also more likely to provide a Margin of Safety for the principle of my investment. Other smaller companies are less capable of providing that Margin of Safety for the principle of my investment that I want when investing my money. These well established and mature companies should be high quality companies and be priced at a discount to help provide that Margin of Safety for the principle of my investment (finding bargains on these type companies are more likely during bear markets).
And the person in your thread s2000 also noted that index funds pay a dividend. So, if a dividend strategy isn't for him, then what is he doing investing in index funds when they too pay a dividend? I think that the fact he is investing in an index fund is smart. Performances of funds change as well as managers of funds but not the fees on funds and the fees on index funds are pretty cheap in comparison to actively managed funds and with an index fund, you never have to worry about it's manager changing. In the long term, most actively managed funds do not outperform index funds. Investment is a long term proposition and when investing, I look for a margin of safety for the principle of my investment as well as an adequate return. Everything else is speculation.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
Company Website Facebook Business Page Twitter Business Page |
|||||||||
LobowolfXXX Inner circle La Famiglia 1196 Posts |
You really should read those Peter Lynch books.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
|||||||||
General_Magician Special user United States 707 Posts |
Quote:
On Aug 2, 2014, LobowolfXXX wrote: The Intelligent Investor was a ALOT of reading for me and I had to dust it off again and re-read some parts of it. I have kept it on my bookshelf for years. I own both the original version and the revised edition with a preface by Warren Buffet and commentary by Jason Zweig. I was reading over Chapter 9 and Jason's commentary of it in the revised edition. Here is a quote from the commentary: Quote: A quote from Jason Zweig's commentary on Chapter 9 of "The Intelligent Investor":
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
Company Website Facebook Business Page Twitter Business Page |
|||||||||
LobowolfXXX Inner circle La Famiglia 1196 Posts |
It sounds like you're very happy and you don't want to learn anything else on the subject. And you're living beneath your means and investing diligently and solidly, which IMO are the three most important things. So congratulations and continued good luck!
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
|||||||||
General_Magician Special user United States 707 Posts |
Quote:
On Aug 2, 2014, LobowolfXXX wrote: Well, I only have so much time to learn. I can't learn it all and still keep up with my craft. My primary craft is magician, not investor. There is ALOT of reading you have to do as a magician too. However, do you know of any good websites where I could practice picking stocks for about a year or two without using any money and see the results of my stock picks (figure this is a way just to practice picking stocks for fun without risking any money)?
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
Company Website Facebook Business Page Twitter Business Page |
|||||||||
Dannydoyle Eternal Order 21214 Posts |
Why do you need a web page for such a thing? Just do it and track your own results.
Plus you do understand that no matter how well you may perform in "practice" that it is no indication of how well you may or may not do in reality? Past performance is never indicative of future results.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
Magnus Eisengrim Inner circle Sulla placed heads on 1053 Posts |
Quote:
On Aug 2, 2014, LobowolfXXX wrote: Absolutely! But do learn new things too. Your financial plan will allow you to sleep at night, something I value very highly.
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity.--Yeats |
|||||||||
LobowolfXXX Inner circle La Famiglia 1196 Posts |
Quote:
On Aug 2, 2014, General_Magician wrote: You might try this: http://www.marketwatch.com/game/ Just found it through a Google search; don't know what it's like.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley. "...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us." |
|||||||||
S2000magician Inner circle Yorba Linda, CA 3465 Posts |
Quote:
On Aug 2, 2014, General_Magician wrote: That's quite a hedge: generally . . . they might be? Quote:
On Aug 2, 2014, General_Magician wrote: We're well aware of that, and there's nothing wrong with that. Just as there's nothing wrong with a multitude of other strategies that are significantly different than that. Quote:
On Aug 2, 2014, General_Magician wrote: I disagree that a company paying a dividend for 20 years is, in and of itself, an indication of how safe your principal is. Quote:
On Aug 2, 2014, General_Magician wrote: Being underpriced is more an indicator of the safety of your principal than a dividend record, and that's true whether the company is large or small, young or old. Quote:
On Aug 2, 2014, General_Magician wrote: You'd have to ask him. You'll note, however, that he didn't say that a dividend strategy isn't ever appropriate, just that it isn't always appropriate. Quote:
On Aug 2, 2014, General_Magician wrote: I agree that index fund investing is a good idea. And it's well established that active funds, in general, over the long run, do not outperform corresponding index funds net of fees. Quote:
On Aug 2, 2014, General_Magician wrote: In your opinion. |
|||||||||
General_Magician Special user United States 707 Posts |
Quote:
On Aug 2, 2014, LobowolfXXX wrote: I'll see if I can make some time to read some of Peter Lynch's book, but I gotta tell you, I really like the time honored wisdom of Graham and Buffet. As you can tell I am a big fan of both of these investors. A bit off topic, one great advantage of an LLC I have found is that they are great ways to keep very accurate track of my own business's performance as well. Revenues are the greatest they have been so far than I have ever had at any time, but so have my expenses, given that I am investing more money to grow the business. It's definitely gotten a lot more economic muscle than it had in previous years. But LLCs are great ways to keep accurate track of your business's performance and if you are as serious as I am about not co-mingling funds for obvious liability reasons, you get accurate tracking of your businesses results, which helps keep you motivated to keep working hard that the business has sufficient working capital as well as some money for shareholders to distribute to. That way you assure your business turns a profit even after some expensive investments. I can see the advantages of LLCs and corporations now and it indeed is good practice to incorporate or organize an LLC even if your line of work isn't as risky for lawsuits as other. There are many hidden advantages I have found with these entities and though it was initially expensive, I am glad that I took the time and expense to set one up. Tracking business performance is more difficult to do when you have no legal separation and you are constantly commingling personal and business funds because you don't have an LLC or corporation set up and you are a sole proprietor. The threat of losing liability protections due to commingling is a strong incentive to keep that separation which also helps to greatly to accurately track business results. It also makes you work hard to achieve good business results for your LLC.
"Never fear shadows. They simply mean there is a light shining somewhere nearby." -unknown
Company Website Facebook Business Page Twitter Business Page |
|||||||||
The Magic Cafe Forum Index » » Not very magical, still... » » Sub-prime bubble 2.0 (4 Likes) | ||||||||||
Go to page [Previous] 1~2~3..13~14~15 |
[ Top of Page ] |
All content & postings Copyright © 2001-2024 Steve Brooks. All Rights Reserved. This page was created in 0.07 seconds requiring 5 database queries. |
The views and comments expressed on The Magic Café are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic. > Privacy Statement < |