Rule #1 Finance Blog
financial control
Buffett’s Annual Letter: What You Can Learn From My Real Estate Investments
Warren Buffett is the CEO of Berkshire Hathaway. This essay is an edited excerpt from his annual letter to shareholders.
This story is from the March 17, 2014 issue of Fortune and sent along to us by Garrett with our thanks. This is a wonderful letter. It basically says investing isn’t all that hard but that most people shouldn’t try it – they should just go buy an index. Buffett’s been saying the same thing for years. What’s different here is that he lays out his rules for buying stuff more succinctly than I’ve seen before. Read more.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
Advantages and Disadvantages of ETFs
ETF. Exchange-trade fund. A security that tracks an index and represents a basket of stocks like an index fund, but trades like a stock on an exchange, thus experiencing price changes throughout the day as it is bought and sold. Read more.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
Perfectly Legal, 100% Free, Tax Loopholes
If we could just buy and hold, there wouldn’t be a tax issue. Unfortunately, we’re not geniuses enough to know the stock can’t go lower, and Mr. Market is far too irrational to be trusted. So we use the Tools, get in and out with the big guys, and avoid the danger of holding in a market that can crash. Great. Except now the Feds can tax us. Read more.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
The Ugly Game of Assets Under Management
Get this into your head: Mutual fund companies are not in the stockpiling business or even the investing business. They are in the asset-collection business. They call it AUM and, like the yoga mantra “om,” they repeat it endlessly to assure a happy life. Read more.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
What is a Berky and Do You Need One?
Stockpiling your way to riches wouldn’t be possible if it weren’t for Mr. Market. But it also wouldn’t be possible without a proper place to stash the excess cash that you’ll be using for your investments. Read more.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
The Problem With 401k Programs
Since I’m a former river guide and not a tax attorney or CPA, I’m not going to advise you about how to set up these plans.
I will tell you however, I’m not a huge fan of the 401k programs because most of them force you to invest in mutual funds.
Ready to Hit Your Financial Goals?
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.
Must Read: Bill Bartmann’s Book, Bouncing Back
Have I got a story for you. A friend of mine has written the most unusual book you will read this year–or will read maybe ever. It’s really more of an adventure than a book. Let me explain. Read more.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.