One thing I noticed this past week while researching another company and well GAAP accounting doesn't make sense in some cases. The company in question has a large investment in another company and while reading through the annual reports and financial statements I saw that the net income for this company is increased by the earnings that their ownership stake represents even though none of those earnings were actually transferred to the company. That's why it's so important to read through the financial reports and most importantly the footnotes.
I've been reading Superforecasting and so far it's excellent. One of the biggest lessons thus far in the book is to not let the results dictate the process. That's so true with investing as well. At times the results can blind you from a successful process that will work over the long term. Now that doesn't mean you don't need to analyze the process for improvements but the results are only part of the equation in the analysis process.
For me work means that I get to really focus on writing and I was able to get a lot done this past week with 5 posts written and I even made an infographic for my March dividend update. Writing might be a bit slower this week since I'm home and the honey do list gets much longer when you're gone 2-3 weeks at a time. However the ideas keep flowing and there's lots of thoughts running around my head.
This past week I did okay in the self improvement category but not quite as good as I should have. It's been pretty difficult getting my body to adjust to working nights again but now I'll be home for about a week so it's time to get back on a normal schedule. I was able to get two walk/runs in and did a total of 6 miles so far this month and one kettle bell workout this past week. The great thing is that now that I'm home I was able to weight myself again and I'm down to 173. That's another five pounds down! So I'm pretty happy about the progress so far despite the lack of focus at time.
On to the Roundup
In case you missed them, here's the posts from Passive-Income-Pursuit this past week.
- Book Review: The Outsiders by William Thorndike, Jr.
- Is It Time To Take Profits From Verizon Communications? on Seeking Alpha
- Dividend Update - March 2016
- Dividend Update - March 2016 Infographic
- Time to Just Collect Your AT&T Dividends on Seeking Alpha
- Forecasting Dividend Growth
Once again I'd like to say thanks to each and every one of you that read, commented, and shared posts from here this past week. I think this dividend growth investing and financial independence community is amazing and the openness from everyone is awesome. Thanks again!
Now on to the links!
Conquering Impatience on the Road to Financial Independence by Our Next Life
Thoughts on the Rockefeller Family and Renewable Energy by Income Surfer
Ask the Readers: Do you need to follow a set schedule or routine? by FI Fighter
10 Crazy Things People in Finance Believe by A Wealth of Common Sense
Don't be in a hurry to sell that stock by Financially Integrated
Four lessons from 20 years of DRIP investing by Retire Before Dad on Dividend Growth Investor
Dividend Income Update - March 2016 by DivHut
Monthly Review: March 2016 by DivGro
Pay no tax on Roth IRA conversion by Retire by 40
Passive Income Update - March 2016 by Roadmap2Retire
March 2016 Dividend Income Update by Dividend Hustler
The Snowball Effect: How to Multiply Your Wealth by Sure Dividend
Three stocks you can own forever by Retire29
Blog Income Update and Traffic Stats - March 2016 by Cash Flow Diaries
Long term investing lessons from the cereal industry by The Conservative Income Investor
The Last Straw - Why I am switching from AT&T for internet by Dividend Diplomats
Also, if you're looking for investment ideas, A Frugal Family's Journey keeps a list of stock analyses and recent buys from fellow bloggers.
I hope you all have a great weekend!
Image courtesy of Gubgib on FreeDigitalPhotos.net.