I invest in conservative, old-school companies that gush free cash flow and pay increasing dividends. It's boring, but it works. Not investment advice.
- Find good companies that you enjoy owning
- Be patient and buy 'em cheap
- Go and live your life
- Repeat often
I really don't think it needs to be much more complicated than that.
This week in the Globe and Mail a mid-40s couple with a $4.6M net worth (and an additional $446k coming as severance) were told they can't afford to retire.
If they can't afford to retire, then *nobody* can.
Anybody else absolutely exhausted with these nutty retirement takes?
Real estate investors: "The rental house I paid $250k for is worth $750k. 200% return, plus rent baby!"
Reality: $168k interest, $62k in property taxes, $38k for insurance, $125k for maintenance/condo fees, countless hours of headaches. etc.
Just buy REITs, kids.
Alice Schroeder did an AMA on Reddit a few years after she wrote Buffett's biography. It's filled with really good stuff, stuff we don't usually see.
Let me share a few of these lessons:
Recently met a mid-20s oilfield electrician making $150k+, who lives in a cheap basement apartment, packs his lunch every day, and saving 75% of his income each year. He's on pace to achieve FIRE by age 35.
The kids are going to be all right, guys.
Buffett's biographer Alice Schroeder did a Reddit AMA 12 years ago.
It's filled with Buffett wisdom that 99.9% of folks have never seen before. Here are some of the highlights:
I thought the British stock market was cheap and filled with bargains.
But it's nothing compared to France. France is *ridiculously* cheap.
Here are 7 of the cheapest stocks I could find, names that are trading way below comparable names in different countries: