What is the perfect stock?

I was reading through some random financial blogs and I ran across a particular blog that posed the question “Is [insert stock name here] the perfect stock to invest in?” It actually made me sit up a little straighter in my chair because it’s something that I don’t normally even think about. The perfect stock? What is this I don’t even… … Philosophically I fall under the camp that believes that there is no... Read More

When is the right time to buy a home?

Same story, different day... Yesterday came news that the home-price index fell to its lowest point since 2002. It appears that now is a great time to invest in real estate! Errr… Wait a minute… Didn’t we hear the same thing last month and the month before? Are the people that invested last month suckers? I’m sure we all know the drill: Home prices go up? Great time to buy! Home prices drop? Great time to buy! Apparently it... Read More

What is Greed?

I was chatting with a friend a few days ago and we were discussing business and investment opportunities. As an off-question my friend asked what I would do if I had Warren Buffett’s money. I half-jokingly said I would build a race track and race around it all day in all sorts of exotic cars. I say half-jokingly because given the chance I would love to do that, but I know there is no way I get get away with doing that while amassing and maintaining... Read More

Setting and Managing Investing Expectations

Here is the cliché response to winning the lottery: I would quit my job, pay off all my debt, spend a little on myself, invest the rest, and retire. So what does it mean to “invest the rest?” When posed with the question I have heard many responses: Put it into savings and live off the interest Put it in mutual funds Put it into stocks Diversify Start a business So what is the correct thing to invest into? Well, it really depends on... Read More