July 30th, 2009 |
In investing |
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In the July 20th issue of Fortune, there is an interesting article on Case and Shiller. Mr. Shiller recently launched two products that “let investors make a pure directional bet on home prices.”
If you expect home prices to rise, buy Up Metro Market ( (UMM)), if you expect it to go down, buy Down Metro Market ( (DMM)).
I’m interested in seeing how it performs.
July 28th, 2009 |
In investing |
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I just finished reading TheBogleheads’ Guide to Investing. It’s an interesting book. Excellent forbeginning investors. It’s loaded with lots of practical, common sense, advice.Did I learn anything?
I learned a few things fromthis book. Here are my notes.
Available on Morningstar.com -> Discuss -> Vanguard Diehards
I plan to sign up. It does cost$5. But from the authors’ perspective, it’s a good resource for like-mindedinvestors that believe in indexing, saving, spending carefully. I considermyself a Boglehead.
Some GoodTips
- Choose and live a soundfinancial lifestyle. We need to pay off our credit card debt, establish anemergency fund, get our spending under control, and most importantly, learn howto live below our means.
- Start to save early and investregularly.
- Indexing via low-cost mutualfunds is a strategy that will, over time, most likely outperform the vastmajority of strategies.
- Taxes can be your biggestexpense.
- Market timing and performancechasing are poor investment strategies.
- Invest for your children’seducation.
- Tune out the noise and do notget distracted by daily news events.
- We need to master our emotionsif we want to be successful investors.
RecommendedBooks
For NoviceInvestors
The Informed Investor: Aneasy-to-understand explanation of how the market works.
The Coffeehouse Investor: Alittle book with a big message: How to invest simply andsuccessfully.
Straight Talk on Investing:Elegantly simple, eminently sensible, and delighfullyreadable.
For IntermediateInvestors
The Four Pillars of Investing:A brilliant, small-town doctor became fascinated with investing. The result isone of the best books on the subject.
Common Sense on Mutual Funds: Amust read for every investor.
A Random Walk Down Wall Street:A classic
The IntelligentInvestor
Bogle on Mutual Funds: May bethe best book about mutual fund investing.
My Investing Notebook
:: Learning from the pros; making decisions on my own. ::
