Jungle Bulletins: Spending Habits, Buffett, Vancouver Real Estate, And More Dividend Investing!
Jeffrey Strain concocts 10 reasons why we aren’t rich. In particular, I like number 7, You Rely on Others to Take Care of Your Money. Unfortunately, most people want to make money themselves, and this is their primary objective when they tell you how to invest your money. And number 8, You Invest in Things You Don’t Understand. Throwing in your money because someone else has made money without fully understanding how the investment works will keep you from being wealthy.
Contrary to point 8 above, it may behoove you to emulate super investor, Warren Buffett. Between 1976 and 2006, Buffett’s Berkshire Hathaway eclipsed the market by a herculean 14.65% a year. Any dope who emulated Buffett’s every move one month after public disclosure would’ve surpassed the market by an equally impressive 14.26%. So much for market efficiency, eh? You can […]
Original post by Financial Jungle Guy