Plus, not hurrying gives Buffett lots of time to learn and think. Instead of busywork, Buffett has plenty of time to sit and think about his investments and the future of Berkshire Hathaway (NYSE: BRK.B).Read more
A wise first step in the journey of becoming more financially secure is to create and follow a budget. Record down exactly how much money you have coming in and going out each month and take note of where it’s being allocated. This process is going to help you ensure you’re paying off the most important expenses first and not making any assumptions about what extra spending money you may or may not have available to you. Although it can be a tedious task, in the beginning, you’ll thank yourself later on for having this roadmap to follow which will help get you to a better place financially speaking.Read more
“At Berkshire, the whole is greater – considerably greater – than the sum of the parts.” – Warren E. Buffett Chairman of the Board, Berkshire Hathaway Inc. Taken from the 2018 shareholder letter.Read more
Therefore, the 15 Hour or less work week is a reality in many jobs yet most employers have not realized it. However, there is a cheap and efficient means of transitioning jobs from 40 hours to 15 hours of work: contracting. Turn the job into a contract position and you can quickly reduce the work week to 15 hours.Read more
Unfortunately, Amazon (NASDAQ: AMZN) is coming for Starbucks business. To explain, Amazon plans to spend several billion dollars to open over 3,000 GO convenience stores by 2021.Read more
Strangely, the schools’ greatest failure to those kids could have been ignoring the simple lesson of focus. Fortunately, focusing is one lesson anybody can learn later in life – even a valedictorian.Read more
Also, consider making use of the many technological advancements around you that have made investing easier too.
A great example of this is the development of robo advisors that can construct a portfolio, investing ETFs rebalancing, and harvesting tax losses amongst other things.
Whether you choose to use a robo advisor or wall street professional, you’ll need money to get started.
One of the easiest ways to raise money to invest in the stock market would be to save on a monthly basis. Despite what you may think, you don’t need thousands of dollars to begin with, especially with the new technology out there to help newbie investors.
Why we should Tax Big Philanthropy
Taxes exist to finance necessary government services and functions. In a civilized society the common good must take precedence over the whims of the elite.
Not all philanthropy is beneficial or useful.
Philanthropists rarely donate more than a tiny portion of their wealth.
Philanthropy is rarely adequate to deal with the needs or problems of modern society. For example, Bezos’ $2 billion will do little to reduce homelessness.Read more
Impressively, Business Insider lists the TJX Companies (NYSE: TJX) as the “number one clothing company” in the United States. Notably, TJX is thriving while mall brands like The Gap (NYSE: GAP) are struggling. Thus, one reason for TJX’s success is its’ refusal to follow competitors into the mall.
The TJX Companies is far larger than you think; it operates over 4,000 stores in nine countries. In addition, TJX operates three e-commerce sites.
TJX brands include T.J. Maxx, Marshalls, Marmaxx, HomeGoods, Sierra Trading Post, Homsense, HomeGoods, and Winners. The strategy is paying off because TJX claims to have delivered 22 straight years of store sales increases.
To supply its stores TJX works with 20,000 vendors in 100 countries. Therefore, TJX has built an impressive ecosystem it can easily expand online.
An obvious opportunity for TJX is to add an existing online discounter; like eBay (NASDAQ: EBAY), Alibaba (NYSE: BABA), or Overstock.com (NASDAQ: OSTK), to its ecosystem. Importantly, TJX is offering to ship-to-store for items ordered through Sierra Trading Post.Read more
My prediction is that Buffett will buy up lower priced stocks of cash-rich dividend paying companies. Since there are lots of those out there it is hard to predict what will catch his eye.
Berkshire will be confine major investments to private equity, which is booming right now. Likely, private equity targets for Berkshire Hathaway include Lyft, Instacart, and Airbnb.
Lyft and Airbnb which both have the potential to generate a lot of cash will attract Uncle Warren’s attention. Instacart, which has escaped attention by operating in an unsexy; but huge, market groceries might catch Buffett’s eye.