FORGET GAMESTOCK – INVEST IN GOATS!
In last week’s blog, I told you my brother, Bill and I grew up in a small town with hundreds of thousands of chickens and we utilized our university education to achieve our FINANCIAL FREEDOM. This week I will walk you through the COMMON SENSE we utilized and our gratitude to a few GOATs! {Notice: If you are ever on Interstate I-40 and you see the sign for Rose Hill, North Carolina and have an urge to stop and see the world’s largest frying pan – KEEP ON MOVING!}
That’s Right I Said – G-O-A-T-S!
“GOATS” ACCELERATED THE POWERS BROTHERS TO ACHIEVE FINANCIAL FREEDOM!
FINANCIAL FREEDOM REQUIRES COMMON SENSE!
- Earn Money
- Spend Less Than You Earn
- Save 20% of more of Your Earnings
- Invest in Tangible Assets Including GOATs {Yes GOATS) and Real Estate
There are thousands of stocks in the U.S. market. Only a handful are Greatest of All Time (GOAT) stock performers. I invested my hard-earned savings into real estate and GOAT company stocks! And yes, a few LOSERS/BUZZARDS! Lesson learned – Sell losers with < 10% loss.
THE GREATEST OF ALL TIMES (GOAT} – MUHAMMAD ALI
Muhammad Ali was the first man I heard say, actually scream: I Am The “Greatest of All Time.” Muhammad Ali was never modest, especially in the boxing ring.
Americans love to debate GOAT athletes such as Tom Brady, Michael Jordan, Wilt Chamberlain (I had to throw Wilt in for Jake!) Tiger Woods, etc. {Tiger Woods was involved in a single-vehicle accident on February 23. Thanks to modern safety technology, he survived. Sending my best wishes for a speedy and complete recovery and more years to spend with his kids!}
Athlete GOATs are fun to debate. Wilt Chamberlain and Jabbar were equal, maybe better GOATs than Michael Jordan! {Jake is rolling his eyes as he reads!}
It is far more rewarding financially to identify and invest In GOAT company’s stocks versus debate super millionaires abilities to play with their balls!
LET’S FIND A FEW GOAT COMPANIES
Where do you spend your hard-earned money?
1. Companies You Are a Customer Of
What products or services do you buy regularly? Why do you buy those products? Are you a regular user of them? Are you addicted to them?
The chances are that there are going to be “GOAT” companies behind some of these great products.
2. Consumer Goods You Purchase
These companies provide MANY of the items you find in the grocery store, Walmart, Costco, etc. Probably in EVERY American home!
- Clorox Company (CLX): Manufacturer of the most popular bleach and other housewares and accessory items. Clorox Disinfecting Wipes. Clorox Healthcare. Pine-Sol. Hidden Valley Ranch. Burt’s Bees. Brita. Neocell. Natural Vitality.
- Kimberly-Clark Corporation (KMB): The maker of most paper products for the home, including toilet tissue, paper towels, disposable diapers and baby wipes other personal products.
- Procter & Gamble (P.G.): A large conglomerate of personal care products: Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, etc
- Johnson & Johnson (JNJ): baby care products; Aveeno, Neutrogena, Johnson’s, Clean & Clear, and Dabao for skincare products; Band-Aid, Bengay, Savlon, and Neosporin for wound care products; Listerine and Rembrandt for oral care products; Splenda and Benecol for Nutritionals.
3. Food/Beverages You Consume
Everyone has to eat and drink. What are your favorite beverages? I love Mountain Dew – if you want to buy me a six-pack! What are your favorite restaurants, protein sources (Tyson), cookies (oatmeal raisin- another hint), beer, alcoholic beverages, etc.? And the list goes on.
4. Google – The Most Profitable Companies in the World
#1 Apple Inc. (AAPL)
#2 Microsoft Corp. (MSFT)
#3 Industrial And Commercial Bank Of China Ltd. (IDCBY)
#4 China Construction Bank Corp. (CICHY)
#5 Alphabet Inc. (GOOGL
#6 Agricultural Bank of China Ltd. (ACGBY)
#7 JPMorgan Chase & Co.
#8 Alibaba Group Holding Ltd.
5. How do you learn about “GOATS”? I read and watch:
- Investor’s Business Daily
- Bloomberg Business Week
- Morningstar
- Motley Fool
- Barron’s
- Fox Business Network
- CNBC Network
CREATE YOUR GOAT COMPANIES WATCH LIST
I used my credit card statement to identify my more expensive and monthly expenditures to create a rough draft watch list:
- Allstate Insurance
- Amazon
- Apple
- Costco
- Express Scripts (Prescription Drugs)
- Walgreens Drug Store
COMMON GOAT COMPANIES’ TRAITS
- Solves a critical need for customers, often before customers realize they have the need. Example: Amazon, Starbucks,
- Big enough moat allowing a good margin. Example: Apple
- Sufficient financing to reach the point of self-sustaining profitability. Examples: Apple, Microsoft, Berkshire Hathaway
- Has room to grow even if it is richly valued today.
- Innovation: Develops products and services that improve or replace existing products and services. Example: Tesla
- Disruption: Businesses that are looking to disrupt industry norms. Example- Netflix
- Sustainability: Ability to maintain their competitive advantages. Continually innovating, benefiting from first-mover status, or challenging the status quo, their moat remains well-protected. Example: Apple
- Ability to Raise Prices: Offers products or services that customers need and want! Examples: Netflix, Amazon Prime
- STOCK CONSISTENTLY OUTPERFORMS THE MARKET – Examples: Apple, Amazon
Next, analyze your preliminary Watch List and eliminate any companies that do not meet the above nine criteria. To do this, you will need to conduct technical and fundamental analysis of your Watch List(s).
PATIENCE! – You are NOT yet ready to buy stocks. We have more work!
Use below stock selection criteria to further trim your Watch List down to the FAT and HEALTHY GOATS.
- Chart Patterns/Technical Analysis
- Fundamental Analysis
- Behaviors
- Institutional {BIG DOLLAR} OWNERS- Hedge Funds, Mutual Funds, Pensions, etc.
By identifying trustworthy GOAT companies stocks you will be on your way to fabulously fantastical, financial freedom returns!
Next week I will show you how to find free stock charts and how to analyze those charts.
CONCLUSION – FORGET GAMESTOCK INVEST IN GOATS! I GUARANTEE YOU WILL SLEEP MUCH BETTER!
To achieve YOUR financial freedom, change your mindset from spending money to saving money to investing money. Due to the magical powers of compound interest, your investments will grow bringing you deserved Financial Freedom!
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ABOUT ME
I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an N.C. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.
I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life. It is my time to serve and give back.
DISCLAIMER
I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, real estate, and happy to share my finance and investment lessons learned with you.
However, I am NOT a licensed financial advisor. Please do not construe my suggestions on this blog as recommendations for your situation. Please seek your licensed CPA or fiduciary financial advisors for individual financial advice.
I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.
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