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| Saturday, September 28, 2013 |
| The stock investing book that changed Warren Buffett |
  Was watching Warren Buffett's videos on Youtube and came across a good video, with Warren talking about the book that changed his life - The Intelligent Investor. I have read this book and it sure contains lot of good information related to the fundamental analysis of stocks.
The
link to Youtube video is provided below:
Some
of the other good books on stock investing, including Berkshire Hathaway Letters to Shareholders, are listed below:
 
 
 
 
 
Note: the posts on this blog may contain affiliate links. Please also see Disclosures and Disclaimer
Labels: books on fundamental analysis, good books on stock investing, good books recommended by Warren Buffett, invest, investment, rev, technical analysis |
posted by Little Rishi @ Saturday, September 28, 2013
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| Wednesday, August 26, 2009 |
| Free 3-day Success Summits-Multiple Streams of Income and Real Estate workshops |
  Enlighted Wealth Institute (EWI) is offering free 3-day success summits, on generating multiple streams of income and real estate investing, in various cities through out the US and Canada. Class timings are 9 AM to 6 PM byt may vary depending on your city. The invitation I received for the Real Estate workshop in September 2009 provided the following partial list of topics that will be covered:- How to find Foreclosures and Pre-Foreclosure Properties
- How to purchase Real Estate with "No Money Down"
- How can I use the Internet to find, fund and farm my Real Estate business?
- How to structure your Real Estate to protect yourself and be as profitable as possible!
- How to find motivated sellers and the best approach to purchase from them
- The Massive Tax Deductions that are available in Real Estate Investing
- How to Create and Maintain your POWER TEAM for exponential Real Estate and Internet results! In addition, the invitation also listed the following free gift for attending the summit: "How to survive in a recession economy - Creating multiple streams of income kit". The kit seems to include various CDs and Robert Allen's Multiple Streams of Income book.
For summit dates and cities, and other details, see:
Enlighted Wealth Institute (EWI) site
For other free EWI events, including Commercial Real Estate Workshops, Real Estate Workshops, Multiple Streams of Income Workshops, Enlightened Wealth Retreats, Enlightened Wealth Summits, and MSI Telecourses, see:
Free EWI Events
For free Robert G. Allen's tele-seminars, see:
Free Robert G. Allen's Teleconferences
Related post:
Free books and audiobook, including Robert G. Allen's Multiple Streams of Income
Note: I am an Amazon.com and EWI affiliate. Please also see Disclosures and DisclaimerLabels: empowering america, free book, free books, freebies, investing, investment, mag, mortgage, real estate, Robert Allen |
| posted by Little Rishi @ Wednesday, August 26, 2009
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| Thursday, May 28, 2009 |
| How to find unclaimed property? |
The BusinessWeek article discusses billions of dollars in unclaimed property being held by different states and how people can claim title to their property. For example, the Bureau of Public Debt has set up TreasuryHunt.gov where people can search for a missing US Savings Bonds by the original owner's Social Security number. The article also provides other useful info for claiming unclaimed property:Most people don't realize that even if the original holder of a bond has died, their heirs can still redeem it. Heirs can download a series of documents from www.treasurydirect.gov that enable them to state their relationship to the original owner and send in a copy of legal documentation, like a will or estate agreement, that proves it. Anyone who knowingly provides false information on these forms could potentially be brought up on perjury charges, according to the Treasury Dept. As for unused gift cards, in many states, firms are required to turn over any unused balances in expired gift cards over to the state. However, some firms are getting smart in trying to keep the money to themselves.Companies are getting smarter about unclaimed money, too. Many are establishing separate gift certificate companies in states such as Virginia, Ohio, and Arkansas that don't require unclaimed gift certificates to be transferred to the state where the parent company is incorporated. "So companies get to keep the difference," says Carter in Delaware. "The amount of gift certificates we receive has dropped dramatically." Listed below are some of sites you can check out for finding unclaimed property:- NAUPA - Also, called Unclaimed.org, this site is operated by National Association of Unclaimed Property Administrators, a non-profit organization affiliated with the National Association of State Treasurers and the Council of State Governments
- MissingMoney - this is a free site to check for unclaimed property
- MissingMoney.com: State Sites for Unclaimed Property - this page at MissingMoney contains links to the appropriate contact departments in different states for unclaimed property/assets
- TreasuryDirect - U.S. Federal Investments's Web site to search for missing or lost U.S. Savings Bonds for free
- HUD -This is the US HUD's site to check for any refund on part of insurance premium if you had a HUD/FHA insured mortgage
- PBGC - Pension Benefit Guaranty Corporation offers "Missing Participants" service to locate people who may be owed certain benefits under the defined benefit pension plan but whose company's pension plan was transferred to PBGC
Labels: find lost savings bonds, find missing property, investing, investment, lost assets, unclaimed assets, unclaimed property |
| posted by Little Rishi @ Thursday, May 28, 2009
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| Tuesday, May 19, 2009 |
| Is renting the way to go now? |
The 24/7WallSt.com article talks about the potential consumer shift to renting instead of buying houses. Reason? People don't have to worry about falling prices.What has been lost in the review of home buying and renting habits is that some people who own a home will decide never to buy one again. The reaction to losing so much money on what is the largest investment many people will ever have will be, in many cases that they will not come back to the real estate market again. People who have suffered through anxious months not knowing if they will be able to pay their mortgages may decide that it is not an experience they want to repeat. Personally, I favor home ownership but agree that renting may be a better option in many situations. Renting a house gives you much more flexibility if relocating. In addition, you don't need to worry about falling housing prices, property taxes, and maintenance. Especially in the current environment, where a person may lose a job and need to relocate as part of a new job offer, renting can definately save lots of hassles.
For complete article, see:
247WallSt.com: Will Renting Be The Undoing Of Home Prices?Labels: apartment, home, house, investing, investment, renting |
| posted by Little Rishi @ Tuesday, May 19, 2009
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| Monday, April 13, 2009 |
| Filing for the tax extension |
Since I needed more time to do my taxes, I recently filed for a tax extension. To do so, just had to file Form 4868. It required me to fill out our estimated tax liability along with the total tax payments (withholdings). In my case, I filed for the extension electronically free using TaxAct's website. I didn't have to provide any payments as I estimated that we will be due some refund but you can provide the banking information in case you owe IRS money and want to allow IRS to withdraw the money from your bank account. It's important to know the getting the extension to file taxes late doesn't extend the deadline for making any payments beyond April 15th deadline, otherwise the IRS will be imposing additional penalties.
For the state taxes, I just went to our state's Web site and requested an extension electronically although I didn't even have to do that since my state automatically grants extension if we file for federal tax extension. The entire process of filing for federal and state tax extensions online took under 10 minutes, so it was a pretty quick process and gives me till Oct 15 to file my taxes.
For links to different state's taxsites for filing tax extension via your state's Website, see:
Links to different state's tax sitesLabels: investing, investment, irs, taxes |
| posted by Little Rishi @ Monday, April 13, 2009
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| Saturday, March 21, 2009 |
| Just a thought: High taxes and limits on executive bonuses |
Many bankers and Wall Streeters aren't happy about the high taxes and limits on executive bonuses being imposed on firms that have taken TARP money. Reason - they say that it will make highly talented people leave their firms! The questions that should be asked is:
- If these guys were so talented, how come their firms ended up needing TARP money?
- If these executives leave their current job, who will hire these so called "talented people"? If these talented people show the "same acumen" and "briliance" as they showed at their previous firms, then it's quite possible that their new employers could very well end up on looking to TARP money to bail them out.
If these executives hate the high taxes and limits on bonus, they should do the simple thing - return the taxpayers money back to the government. They are free to do anything with their own money. Just a thought.
Related Links:
WeeklyWorldNews: Taxing AIG Bonuses
CNN.com: Obama tries to stop AIG bonuses: 'How do they justify this outrage?'
WSJ.com: Treasury Will Make Grab to Recoup Bonus Funds Labels: investing, investment, salary, taxes |
| posted by Little Rishi @ Saturday, March 21, 2009
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| Tuesday, March 3, 2009 |
| Applying for Penfed HELOC |
Given all the negative news about layoffs etc, we recently decided to open home equity line of credit (HELOC). After doing some research, we realized that HELOC from Pentagon Federal Credit Union worked out best for us. At the time of opening the HELOC, Penfed was offering prime minus 0.5% which came to about 2.75%.
Opening the account was pretty straight forward. We simply called them and provided the required info over the phone. Basically, they asked info about our jobs, salary, how much credit limit we want and other info. Initially, they told us that most likely there will not be any appraisal required as they can model the prices in our neighborhood without requiring an appraisal. However, a few days after our conversation, we received a letter in the mail as well as a phone call that they require an appraisal for which we will have to pay $290. The letter also indicated the deadline by which we need to contact Penfed to proceed ahead with our application. We called Penfed a couple of times and asked if there was way to avoid the appraisal fee such as if we opened the HELOC for a lower amount but each time, we were told that we will have to pay the fee.
Since we didn't want to pay any appraisal fee, we decided to forget about opening HELOC. However, a couple of days before the stated deadline, my spouse called Penfed again and this time, there was a different customer service rep who told us to contact the mortgage department directly to see if that was possible. Fortunately, the loan officer was very good. She told us that we could avoid the appraisal but our line of credit will be reduced to a lower amount than what we had requested. This was fine with us and we ended with the HELOC account. We received our paperwork shortly afterwards via Fedex, got them notarized and the line of credit was established for us. We also had to call our Home Insurance company and list Penfed as the second mortgagee - the entire conversation with the home insurance lasted for less than 10 minutes, and they automatically sent a letter to Penfed. Within few days of submitting the paperwork, we also received the checks.
The good thing about Penfed is that the entire process was pretty stateforward. I guess, being a member of that credit union as well as having a credit card from them helped speed up the process to some extent. Unless we use the credit line (in which case, we will be incurring interest charges), we won't have to pay fees of any kind. The only fee Penfed said that they will be charging is the closing cost in case we close our line of credit within two years of opening. The good faith estimate gave a closing cost of about $300 but our actual closing cost listed in our closing papers was $275.53 and consisted of the following charges:
Credit Report Fee: $1.20
Flood Determination: $7.00
Quick Close Fee/Title Guarantee: $68
Recording Fee: $46
City/County tax/stampts: $143.33
Total = $275.53
So $275.53 is all we will have to pay in case we close the line of credit before two years. We are planning to leave it open, so hopefully that's something we can avoid. However, having the HELOC does give some sense of security although considering the current circumstances, financial institutions can always cancel or reduce them any time.Labels: HELOC, investing, investment, line of credit, loans, mortgage |
| posted by Little Rishi @ Tuesday, March 03, 2009
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| Favorite Quote |
"Work is worship".
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by Warren Buffett and Max Olson
by Benjamin Graham, Spencer B.
Meredith, Michael F. Price
