I’ll let you all in on a secret: I hate the typical Thanksgiving feast. To me, it’s just a big waste of a bunch of food. Frugality aside, I also don’t like anything about that kind of food. Turkey, mashed potatoes, yams, and stuffing? No, thanks.
So what we do is put a Southern spin on it. For the last few years, we’ve grabbed some coleslaw, potato salad, and fried chicken for dinner. Then it’s warm Dutch apple pie with vanilla ice cream for desert. It’s a reasonable dinner in its cost and, in my opinion, tastes a lot better. Plus, there’s little or no waste, as we tend to buy small portions and finish everything in one sitting (other than the pie).
Anyway, I’ve been putting the finishing touches on a great article for this coming Sunday. I hope everyone really enjoys it. I also went a little crazy with stock purchases this month, just yesterday adding to a position after seeing the stock drop to its 52-week low. I just couldn’t pass it up. Maybe we’ll be eating peanut butter and jelly sandwiches instead of fried chicken this year. Just kidding!
I try to tweet out any of my stock transactions as they happen, so if you’re interested in knowing what I’m doing before I publish a full write-up on the blog you can follow me on Twitter.
Meanwhile, the weekend is upon us. I hope all of you unlucky souls dealing with record snow and cold temps stay safe and warm. You might have to stay inside this weekend, so I’m including some solid reading material for your perusing pleasure.
These are some articles I recently read and enjoyed. I hope you all do as well. Have a great weekend!
Buffett’s Latest Trades: Buys 12 Stocks, Sells 5 Stocks
I was up to almost 4 a.m. last Saturday putting this piece together on Berkshire’s recent investment transactions. It’s great seeing what Buffett and his lieutenants are up to. Perhaps most telling is the fact that Buffett added to his International Business Machines Corp. (IBM) position, albeit insignificantly.
Caution: This Dividend Growth Stock Looks 15% Overvalued
I also wrote about a stock that sports fundamentals that probably aren’t as impressive as you might think, even though the company is a household name. Furthermore, the valuation appears a bit frothy right now.
Sell Your Crap, Pay Off Your Debt, And Do What You Love! This Makes It All Possible!
This is a great article on the benefits of living in a tiny home. The average size of an American home (well over 2,000 square feet) is just insane, historically speaking. We just don’t need that much stuff or space to be happy. In fact, less stuff and space will actually free you, likely opening you up to the happiness you never knew was there.
Why retailers are wrong on Apple Pay
A consortium of retailers are attempting to revolutionize payments by rolling out their own product, called CurrentC. I believe they’ll fail with this one as it can’t possibly be as robust as what already exists, and I also agree with this article’s premise. I’ve never used Apple Pay, but it seems like a solid service that allows customers to pay for goods in an even faster, easier, and safer method than whipping out the old credit card. CurrentC might turn out to be a great niche service, but I can’t see it toppling the traditional credit card networks in the way these retailers are hoping.
What should I do about those non-dividend paying stocks I received in a spin-off?
Dividend Growth Investor tackled this interesting subject. I haven’t actually run into this yet, but I’ve adapted a policy of holding on to any spin-offs I receive until there’s a good reason to sell. I regret selling Abbott Laboratories (ABT) and AbbVie Inc. (ABBV) so quickly after the company transition, as I didn’t give the two businesses time to align. I’ve held on to all spin-offs since and have done well in the process.
The Millionaire [Liar] Next Door
J. Money allowed an unfortunate guest post on his site recently by what turned out to be a fraud and a liar. This same person then went on to proclaim his success on Yahoo!. Although the person in question had some great and timeless advice, his entire life story was completely made up. This kind of stuff is exactly why I love showing the journey in action, for better or worse. Can’t make it up when it’s happening in real time. My real-life budgets are displayed for the world as are all of my investments. Maybe I’ll fall short, but I doubt it. Either way, the journey will be documented all the way through.
Amazon’s Pricing Strategy Makes Life Miserable For The Competition
Looks like the holiday season is going to be interesting with all the price matching going on now. I’m kind of anxious to see how Q4 turns out for some of my retail holdings. Slimmer margins, but they have to maintain their respective market share.
Goal reached: $14,500 Forward Passive Income
My Dividend Pipeline hit an amazing milestone. Check out his story to see how tenacious he’s been to hit this mark. The great news is that if he decides to indeed lay off the throttle a bit his passive income will continue to grow exponentially anyhow. This is a great example of getting the snowball rolling so that it can start to roll by itself.
October 2014 Dividend Income Update
Mark updated his dividend income for the month and it looks like he’s on pace for over $9,000 in dividend income this year. Awesome stuff. I’m hoping to catch up to this kind of dividend income within the next two years. I’m definitely doing all I can!
Are You Giving the Shaft to your Future Self?
I love MMM’s boundless optimism and keep-it-real attitude. I wrote something along similar lines just recently. We’re constantly bombarded with stories where people are in horrible financial condition, but you don’t always hear about all the decisions that led to these situations. I’ve admitted my own financial wrong doing, and I was definitely giving my future self the shaft. These days, however, I’m working away to give my future self the gift of financial independence on a silver platter. You’re welcome.
I Added Shares To This Troubled Tech Company:
Looks like Ryan’s in good company, as Buffett was busy doing the same thing over the last quarter. Oh, so was I!
Making Money in the Stock Market: Peter Lynch on Investing in the U.S. Economy (1994)
I just ran across this video of Peter Lynch. Classic, timeless, fantastic. His opening point about knowing what you own is exactly what I recommended not long ago. Know what you own. It’s a must. His point on predicting interest rates is also dead on. Watch this video.
Don’t quibble over eighths and quarters
Tawcan reminded us to not worry about trying to get a stock at 2% or 3% cheaper if we might potentially miss out on the 100% gain. It won’t matter if you paid $40 or $42 for a stock 10 or 20 years from now. However, that doesn’t mean you should overpay, either. Focus on quality and value, but don’t obsess over every penny. If a great stock is trading for a solid price, pull the trigger.
Retirement Makeover: 30 Years Old, and Already Falling Behind
I think there’s some solid advice in here, and I commend the changes. However, a 23% savings rate with an income over $80k? I applaud a 23% savings rate, as it’s about four times the national average. But I think she can do much better than that.
Trades – BHP Billiton (BBL) Purchase
Write Your Own Reality decided to initiate a position in BBL at what I think is an incredibly attractive price. I might – just might – be doing the same thing myself here, even though I just added to my position last month. DivGro is also buying here, at possibly the same exact price as me. Hint, hint.
Retired on $30,000 a Year and Loving It
This is a fantastic story of a couple that retired back in 1991, when they were both 38 years old. Not only are they still rocking out all these years later, they’re globetrotting in the process. Trailblazers like the Kaderlis are really inspiring. They’re designing their own lives as they see fit, regardless of what everyone else around them is doing. They’ve been able to avoid clutter and waste by focusing on what they really want in life. Turns out what really makes us happy doesn’t cost that much money, as you can see from their expenses.
Once a $37 million center, Jason Brown gave up NFL for farming
I also thought this story was great. Money doesn’t buy happiness, and apparently Brown wasn’t happy. He walked away healthy and rich, and he’s now pursuing his true calling. Although I wasn’t making this kind of money, I don’t regret my decision for a second to leave my job in the auto industry to pursue writing full-time, even though I knew I was giving up $60k/year for an unsure future. It sounds like Brown doesn’t have any regrets either.
Full Disclosure: Long IBM and BBL.
Thanks for reading.
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