While reading back through various transcript notes from the 2015 Berkshire Hathaway Annual Meeting, I recalled the following quote from the Q&A session. A shareholder had asked why Berkshire had never borrowed money to buy stocks (i.e. leverage). … [Read the rest]
Charlie Munger On Leverage and Paying Your Mortgage Off Before Retirement
Posted on May 17, 2015 // 14 Comments
Last updated: April 25, 2019
Montessori Chart of Age-Appropriate Chores For Kids
Posted on May 15, 2015 // 7 Comments
I'm currently reading The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money by Ron Lieber. So far, it covers a lot of topics about money and kids that even us adults don't like to talk about in public. For … [Read the rest]
Last updated: April 25, 2019
Real Estate Crowdfunding Experiment #1: Property Details and Numbers Breakdown
Posted on May 13, 2015 // 15 Comments
Woohoo, I just received my first interest payment on my real estate crowdfunding experiment #1. I put in $5,000 at 11% APR, which should work out about $46 a month but the first partial payment was an underwhelming $16.81. I e-mailed Patch of … [Read the rest]
Last updated: August 9, 2018
Hard Money Loans: The Next “New” Asset Class?
Posted on May 11, 2015 // 2 Comments
Bloomberg has a new article about how hard money loans to house flippers are the next asset class to be both crowdfunded and taken over by institutions. Like peer-to-peer loans and LendingClub, it may have started out with individuals lending to … [Read the rest]
Last updated: May 11, 2015
Verizon Wireless 8% Customer Loyalty Discount
Posted on May 9, 2015 // 3 Comments
If you have Verizon Wireless but don't already have a good employee or education discount on your plan, you may want to try this Customer Loyalty Discount at vzw.com/appreciation. You may qualify for up to 8% off of your monthly access fee. Note … [Read the rest]
Last updated: May 9, 2015
Teaching Kids to be Entrepreneurs: Jack’s Cosmic Hot Dogs
Posted on May 8, 2015 // 8 Comments
Here's a follow-up post to The Best Advice For A Teenager Looking For a Job. One of the podcasts I regularly listen to is the Alton Browncast (of "Good Eats" fame). Many topics are food-related but often it boils down to him talking with really … [Read the rest]
Last updated: August 9, 2018
Liquidating My Prosper Loans Using Folio Investing
Posted on May 6, 2015 // 3 Comments
As stated in my last P2P loan experiment update, I am liquidating all of my notes from Prosper Lending and Lending Club. When you own more traditional investments like ETFs or individuals stocks that trade on a major exchange, you can sell your … [Read the rest]
Last updated: August 2, 2017
Berkshire Hathaway Official Reading List 2015: Approved Books by Buffett and Munger
Posted on May 5, 2015 // 6 Comments
Among the many booths at Berkshire Hathaway's 2015 Annual Meeting was one run by a local bookstore. Each year, BRK approves a list of books, many of which have been mentioned in shareholder letters or other speeches by Warren Buffett and/or Charlie … [Read the rest]
Last updated: April 25, 2019
The Best Advice For A Teenager Looking For a Job
Posted on May 4, 2015 // 8 Comments
I really enjoyed this article by James Altucher called "The Best Advice Ever To A Teenage Daughter Who Needs To Make Money". His kid is considering taking an $8 an hour job, presumably in either the food or retail industry. Why not? The first … [Read the rest]
Last updated: May 4, 2015
Fandango Movie Ticket Discounts: 2-for-1 Fridays + 20% Off Gift Cards
Posted on May 1, 2015 // 13 Comments
Back for Summer 2015. Fandango has brought back their Visa Signature summer promotion from April 24th to August 21st. 2-for-1 movie tickets on Fridays! You can also get 20% off Fandango gift cards which can be used any day of the week and can be … [Read the rest]
Last updated: August 9, 2018
Help Explain This Asset Allocation Chart To Me?
Posted on May 1, 2015 // 11 Comments
The Vanguard Blog for Advisors has a recent post about how we're now in the 3rd biggest bull market since 1929, which followed the 2008 financial crisis, also known as the 3rd biggest bear market since 1929. The takeaway is that none of us know the … [Read the rest]
Last updated: May 1, 2015
Your Homeowner’s Insurance Deductible Should Be Catastrophically High
Posted on April 29, 2015 // 26 Comments
The NYT Times Haggler just helped a reader who made two small claims on his homeowner's insurance for (1) a fallen ceiling fan and (2) a stolen bike. Not only did State Farm deny both claims, but they subsequently refused to renew his insurance the … [Read the rest]
Last updated: April 29, 2015
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