The Self Taught Investor

Ray Dalio’s organization is Economicprinciples.org The post STI 13: Billionaire Investor Ray Dalio’s How the Economy Works. appeared first on Invest Like The Best.

Profit of 7000 on UVE The post STI 012: Dow Down 1100. Whistle While You Work. appeared first on Invest Like The Best.

3M stock Price on March 11 2009 The post STI 011: Stock Market Crashes Can Make You Rich appeared first on Invest Like The Best.

We will take a look at my $10,000 portfolio after a 2 year ride in the market and short squeeze from short sellers.  Then we’ll take a quick review of the next tax law’s impact on ATM (Alternative Minimum Tax).     The post STI Episode 010: My 235% Portfolio — 2 Years Later. appeared first on Invest Like The Best.

The post STI 009: You Don’t See Money with Your Eyes appeared first on Invest Like The Best.

The post STI 008: Buying Stocks on the Cheap and Dining with Millionaries appeared first on Invest Like The Best.

The big lesson I learned from one year of holding on to this portfolio.  Follow along and hear my story of a short squeeze on my stocks and surviving a hurricane. Image Concept — Risk Blocks falling The post STI 007: Follow-up: The 235% Portfolio — One Year Later. appeared first on Invest Like The Best.

Is investing just luck of the draw?  Listen to my luck of the draw and hear why my Portfolio II Total Return is 234% Image of Slot Machine The post STI 006: Why is My Stock Portfolio II Up 235%? appeared first on Invest Like The Best.

Money Buried in Sand Check your mutual fund fees.  That advertised 1% fee could cost as much as 34%.  Calculators you can use to check.  Americas Best 401K or FINRA Website A nice Financial Planning Calculator Money Master The Game Companion Using Book Value to Judge a Stock’s Worth by Charles Rotblut, CFA The post STI 005: Book Review–Money: Master The Game appeared first on Invest Like The Best.

Your public library is chock-full of free valueable financial resources.  Morningstar is a premium service for mutual fund research that cost $200 for an annual subscription.  ValueLine is a premium stock market service with starting cost of $250 to $500 a year.  The snap shot of my public library investment resources offers not only Morningstar and ValueLine but also Investor’s Business  Daily. ValueLine MorningStar.com The post STI 004: Some of the Best Investment Info – Free? appeared first on Invest Like The Best.

Private Investment opportunities Now Open to NON-Accredited Investors Until June 19th, 2015, you had to be an Accredited Investor ((see (5) (6) and (A) in the SEC  link) to participate in private offerings.  The new, relaxed SEC rules that went into effect June 19th now allow Non-Accredited Investors to participate in private offerings up to a max of 10% of annual income or net worth. JOBS ACT Fact Sheet SeedInvest investor exchange The post STI 003: Invest Pre-IPO: Ban on Small Investors Lifted Today with Title IV JOBS Act. appeared first on Invest Like The Best.

Book Review:  Millennial Money by Patrick O’Shaughnessy.  Published by Palsgrave MacMillan 2014.  At Amazon The 10,000 Year Clock Project: LongNow.org Music: Eno “This” The post STI 002: How Young Investors Can Build a Fortune appeared first on Invest Like The Best.

Knowledge is the Key to Success Well hello, everyone. I’m Clarence Butts and thank you for taking the time to download this podcast. I’m inviting you to follow my personal journey to become a better, smarter, more successful stock market investor. I will be talking to financial advisors, other self taught investors, reviewing books and investing my own money to build stock portfolios little by little up $10,000 and share my results with you month by monthly. The reason is to force me to raise my financial IQ and hopefully help someone else out there trying to do the same thing. One disclaimer: I am not a financial advisor. So, I will not be detailing the individual stocks or making stock purchase recommendations. This podcast is about financial education. First off, let me share a couple of sound bytes from an interview with the Oracle of investing, Warren Buffet, in which he is talking about his influences and then I’ll talk more about a couple of points Warren makes in the interview that are very important for anyone trying to be a better stock market investor. Take a listen. Interview with Warren Buffett and Jay-Z Follow The Facts and Follow Your Reasoning. Warren has said this in many interviews on Television and at trade show interviews where I’ve seen him in person many times. I use to work for a Berkshire Hathaway Company — and he would come into our booth to and takes pictures with customers holding his wallet. Very personable. But to me this brief statement is profound. Follow the Facts: Question–what are the facts of a company that we might want to invest in. My personal opinion is that the facts are 3 things. The 3 areas that any company can generate cash are Cash from operations or the widgets it sells, Cash from investing and Cash from Borrowing. There are the only ways entities have to generate cash. Once you have visibility to these three areas of cash generation, you know the facts. But if you don’t have visibility to these three areas, you have to depend on other people’s opinion of the company. This brings me to the first realization I had to come to grips with. To make better investments, you need a general understanding of accounting. I put off reviewing accounting for a long time. I had a book on accounting sitting on my self for several years. Looking back, that procrastination cost me a lot of money. I’m not suggesting that we need to take full-time accounting classes. I’m saying that my stock market investing got considerably better after getting a general over-view or refresher course on accounting. What you learn by reviewing accounting is that there a numbers of General Accepted Accounting Principles that can be easily manipulated in favor the company. If all you focus on is revenue, earnings, profit and sales as indications of company success, you could be in for a rude surprise like Lehman Brothers Collapse. Take a listen as Dick Fuld, then Lehman Brothers CEO. Anyone with a hair of accounting knowledge and could see the cash buckets I described earlier. Cash from Operations, Cash from Investing and Cash from Borrowing could easily see that Lehman was broke 3 years prior to the financial crisis of 2007. They could not make payroll without borrowing money. So, accounting–yes, I know it’s boring and tough to read and understand, but it is vitally important to know to get visibility to the FACTS. Like Warren Buffet said—Follow the FACTS and Follow your reasoning and you’ll do alright. That will do it for today. Drop me a line with some feedback, tell a friend and check me out next week. Until then. See ya. check my financial results for 2014 here The post STI 001: Warren Buffett Advice-Follow The Facts and Follow Your Reasoning appeared first on Invest Like The Best.