Money

Long Story Short… The Best Way To Invest Is An All-In-One “Target Retirement Fund” at Vanguard.com (more…)

Long Story Short… The Best Way To Invest Is An All-In-One “Target Retirement Fund” at Vanguard.com What? Most people should invest their extra money in a simple and diversified Target Retirement Fund. Vanguard is the best investment company with the lowest expenses. Why? 1) Simple A) One stop shopping – This one fund is all you need which makes it easy to keep track of your investments later. ...

No need to read all of Jesse Livermore: The Greatest Trader Who Ever Lived, but here is a 100+ year old quote that still applies today: “The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope….It is absolutely wrong to gamble in stocks the way the average man does.” ...

Long [but good] Vanity Fair profile of Jamie Dimon, one of my favorite CEO’s and speakers: > Warren Buffett…, says that when Berkshire Hathaway bought the railroad Bur­lington Northern for $26 billion, in the fall of 2009, he called up Dimon on the Tuesday morning just prior to the public announcement of the deal and said, “Jamie, I need $8 billion!” “You got it,” Buffett says Dimon told him. “Even with some of the other big banks, that’s not something you could do on the phone,” Buffett adds. ...

“From $0 To $1 Billion In Two Quarters – Facebook’s Mobile Ad Business Is Suddenly Huge”> 75% of $4 million is $3 million. $3 million per day over 365 days is…$1.1 billion. Good explanation for part of the reason why I’m confident in Facebook’s long term revenue growth. For example, mobile revenue has grown from $1 million per day at the end of Q2 to $3 million per day at the end of Q3.

[This article (by me) is reprinted from The Fuqua Times. It is intended for Second Year (SY) business school students.] Face it, as an SY, you’re broke. You’re massively in debt. You barely earned five figures this summer. You ain’t payin’ sh*t in taxes. Or iz you? If your only income this calendar year is the $20,000 you made this summer, you’re probably in a pretty low tax bracket. This is where your good old down-40% 401k comes in. You’re going to have to pay taxes on those 401k distributions eventually, why not take the tax hit now? When are you ever going to be in a lower tax bracket than you are this year? ...

In case the finding a job thing didn’t work out for you this summer, here are some terrible business ideas… www.Things-Ebay-Won’t-Let-You-Auction-Off-But-We-Will.com Sort of like being able to waltz onto an airplane with a bagful of liquids and a vodka laced Slurpee. I’m pretty sure eBay won’t let you auction off a vodka laced Slurpee on their website, but we sure as hell will. www.RandomLetterGenerator.com > Like with numbers, but with letters. ...