BERKSHIRE HATHAWAY MADE BELOW APPLE STOCK PURCHASES • March 2016: Purchased 9.8 million shares • June 2016: 5.4 million shares • December 2016: 42.2 million shares • March 2017: 72 million shares • June 2017: 1 million shares • September 2017: 3.9 million shares • December 2017: 31 million shares Today, I believe Warren Buffett and staff know more about Apple than its Board of Directors (BODs). Unfortunately, that is not saying much. As most BOD’s add little value to shareholders. So who is responsible ...
Read MoreSo you are thinking about buying a new car? Year-end sales are coming in a few weeks and the car manufacturers will discount thousands of dollars and offer zero interest. Do you buy at today’s full price or wait? Personally, I wait for sale prices for clothes, electronics, vehicles, equities, etc. The stock market gives you sale prices when the market corrects and drops a few percentage points. This is ...
Read MoreThis week, lets start with a quiz: How much money would you have today, if you had invested $10,000 in an S&P 500 Index Fund, in 1980? With no additional deposits. That’s right one $10,000 deposit and no more! A. $380,000 B. $276,000 C. $433,000 D. 760,000 I will show you the correct answer below and how much you could potentially earn if you did the same thing today. First, lets talk about compound Interest. Although, ...
Read MoreMy journey started when I was about 12. I was lucky to have two smart and wonderful parents. Mom taught me the value of savings and compound interest (future blog). Dad taught me the value of hard work and self-improvement. I remember the day we drove to the bank and opened a savings account. I was excited because I always enjoyed saving money!! Mom deposited some money, I think about $25. And I ...
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How many truly stupid people do you know who are rich? The objective today is to avoid being consistently stupid. Stupid happens every day and it happens to the best of us. But you can learn from others and from me to avoid making stupid investments. You are on your own in other matters. My definition of stupid: - Making decisions that appear to lack common sense. I cannot count the ...
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When I was young, there was a house I would notice when riding to my Grandmama’s house. It was an old wooden structure house, which needed a new paint job and even had cracks in the wood so I could see inside the house. But what stood out, was the brand new four-door Cadillac sitting in front of the house. The house and the land were NOT worth the cost ...
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SAVE MORE BY SPENDING LESS STOP Buying Crap This is your first step to accumulating wealth. I went to my basement last week and I saw boxes and bags of crap!! All that crap, cost money. And it’s just sitting there!. My garage, same problem.So let me define crap. Useless stuff you do NOT NEED/WANT! Let’s look at how much we can spend, annually on crap:· Two six packs of beer/week -$625· Daily ...
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http://www.berkshirehathaway.com/letters/2016ltr.pdf TO JOIN Wealth Building Powers BLOG, GO TO BOTTOM OF THE BLOG PAGE AND TYPE YOUR EMAIL ADDRESS. To follow my daily posts on Instagram click: instagram.com/wealth_building_powers Thank you to my followers and readers, for your likes and comments. All comments, recommendations and feedback are welcomed and utilized to improve this blog. DISCLAIMER I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger, with a NC State, Chemical ...
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