I am by no means a New England Patriots fan but I have to admit that the decisions that they make as an organization are incredibly shrewd. They had the wisdom to draft Tom Brady with a 6th round pick. They were smart enough to hire a coach that nobody else wanted who has only won 3 Super Bowls. The Patriots are smart enough to trade away high priced talent for numerous high draft picks that they stockpile. You can do the same thing with your investment portfolio. Here are a few things that you can do to start investing like the New England Patriots.
How Worldwide Current Events Could Affect Your Wallet
April 1, 2011 By 6 Comments
Rising oil prices have a major impact on consumption. Those that are interested in stock investing have seen first hand the effects that higher crude prices and supply disruptions have on the economy. These events have led to higher prices for many goods and services. The slowly recovering consumer is under more pressure and may go into hibernation if prices continue to rise. The following guest post takes a look at international events and how they can affect your wallet.
Would You Rather Be Rich Or Financially Comfortable?
February 8, 2011 By 9 Comments
I am always reading stories about celebrities that have gone broke after years of earning millions of dollars. It doesn’t matter if they were sports stars, television stars, or stars of the big screen; they all have one theme in common. They often wind up bankrupt due to squandering millions of dollars frivolously. This may have something to do with the fact that they often receive riches in an instant and not over time. The celebrity life is not as easy as you think. There are lots of other things that go along with the fame and fortune.
The Beginners Investing Roundup To Help You Make Money Investing
February 5, 2011 By 1 Comment
This roundup is going to be especially useful for new investors. I have included a list of investing resources that will help you make money investing,
Readers Poll: What Is Your Risk Tolerance?
January 25, 2011 By 15 Comments
Bankrate.com is running a live retirement chat next week and would like to know the opinion of Buy Like Buffett readers. Since my site is devoted to investing and money management, I would like to know the answer to the following question.
Buy Like Buffett Public Forum
January 24, 2011 By Leave a Comment
I am pleased to announce that the Buy Like Buffett Investors Forum is now open. There is a public section that is open to all of the site’s readers. The public forum has been in the works for some time now and is just launching today.
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My Favorite Financial Articles For The Week Of October 11th
October 16, 2010 By 16 Comments
It’s the end of the week again and it’s time for the BLB Financial Roundup. This is a collection of my favorite financial posts discussing income and investing. I enjoyed reading each of these posts and think that you will too.
Have a Great Weekend and Happy Reading Everyone!
Still Bullish On Hhgregg
October 12, 2010 By Leave a Comment
Hhgregg (HGG) first caught my eye back on August 10th. I found the company’s stock attractive at $22 per share. I was impressed by the company’s business model, core philosophy, and expansion plans. The company has a great opportunity to become a rival to Best Buy (BBY). The stock has had a nice run up since then and has increased to $26 per share. So, should you be buying shares of hhgregg at the current price?
The Money Talk Forum Is Now Open
August 10, 2010 By Leave a Comment
Buy Like Buffett now has a social forum for you to discuss all of your money management thoughts. The MoneyTalk Forum is a place to discuss investment ideas, share personal finance tips or ask a question. Topics include investing, making money ideas, stock talk, retirement planning, credit help, college planning, budgeting and any finance related topic.
You can enter the Money Talk Forum by clicking the Money Talk Forum tab located at the top of the page.
Great Growth Stocks Sold Too Soon
July 13, 2010 By Leave a Comment
Today I would like to take a look at an investment mistake that I have made in the past. It is a common mistake of many investors,. The mistake is failing to stay invested in great growth stories that have the potential for multibagger status. Selling a stock too soon can rob you of the potential profits. Many investors worry about holding a stock too long but too few consider whether they have given up on a stock too quickly.
Here are 3 great growth stocks that I sold too soon.
Netflix (NFLX)
Who knew that renting DVD’s through the mail would become so popular? Shares looked expensive in the early 2000’s at $26. Since then the stock has split and returned 1300% over the past 8 years. Needless to say, my selling early was a big mistake.
Chipotle Mexican Grill (CMG)
I thought that this would be just another fad restaurant chain. There are so many chains in the restaurant industry that it’s difficult to tell which ones will make it and which ones will now. Well, Chipotle made it. Chipotle shares are up over 200% since the chain was spun off from McDonald’s in 2006.
Google (GOOG)
During Google’s initial IPO, shares were selling in the $85 dollar range. I bought in at $145 and I sold out way too early in the upper 200′s. I failed to see the long term growth potential of Google. Shares of Google are now approaching $500 and the stock could be an earnings giant for a decade or more.
An important lesson to learn from this is that sometimes the best investment ideas can be found in your existing portfolio.
Tomorrow I will take a look at 3 stocks that I believe have multibagger status written all over them.
