The world of investing is full of phrases that some participants live by while others scoff at. On the one hand, Wall Street (the place where many of these sayings originated) has been around for over two centuries, so you have to think there is some truth to these phrases. On the other hand, if an expression was born 100+ years ago, does it really resonate today?
One of the first facts we learned when we started investing over two decades ago was that a home is rebuilt every 17 years. I don’t know if that was an exact figure, but I do know it made us start a thought process that has continued today… the home is a wonderful place to invest! Not the actual purchase of a house, but everything that comes after you buy that dream home.
In our 25+ years of investing, the hardest time to be an investor is years into a bull market. This is especially true for a value investor. Quite simply, a bull market tests your ability to stay disciplined and not make investments that are probably overvalued. The reason being, many stocks have run-up to overvalued levels, thus reducing the number of potential investments (o
Over the years, Starbucks (SBUX) has evolved into one of the world’s most recognized brands. With nearly 27,000 locations how can they not be well known?!?! SBUX means many & different things to people around the globe. To some, it is great coffee, to others is their “3rd place,” and even others it is a tech company
The rising cost of college tuition has prompted many parents to wonder aloud how best to assist their “little ones” in achieving their college dreams without being saddled with debt after college. The common conclusion… Stuff as much cash as humanly possible into those “wonderful” 529 college saving’s plan(s)!
No matter what you invest in, discipline and patience are key attributes to success. They are critical to us as we seek to buy companies that we believe to be undervalued. The first benefit of buying undervalued stocks is these investments should produce terrific returns over the long run.
This year’s stock market has continued where it left off last year and the year before that and the five years before that… straight up (with a minor correction here and there). This year’s version has registered an 8% return (as measured by the S&P 500 Index) as of June 30th. That’s right, for seven plus years the stock market has finished with a positive return.