Sunday, April 10, 2016

Weekly Roundup - April 10, 2016


Another week down and another week full of work.  Although given the current state of the oil field I can't complain too much about being busy.  I don't normally have people to talk about business/investing with on a regular basis but it's been great this past week since my counterpart is interested in investing.  It's just great to be able to throw ideas around about business opportunities, business models, future trends and much more.

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.



Blogging/Writing

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.

Self Improvement

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.
Also, be sure to sign up to receive posts via email and to follow me on Twitter@JC_PIP so you don't miss anything.  I also started a Facebook page to give people another option for keeping up to date on posts and happenings with the blog.

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.

7 comments:

  1. Nice update, thanks for including my Snowball article. Congrats on your continued workout progress - and the 5 articles published. I know how hard it can be to write day in and day out.

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  2. PIP,

    Thank you so much for including the AT&T Article! Those guys... killing me each and every year! Happy with my new internet so far, and cruising usually between 20 and 40 mb download speeds, depending on time of day. Thanks again and hope you're having a nice weekend!

    -Lanny

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  3. Thanks for the support PIP. Thanks for taking the time in sharing these articles.
    Have a great weekend bud and take care.

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  4. Great list of read here. Thanks for pulling this together. Also, congrats on the personal improvement goals. Getting down to 173 is fantastic. I remember being that weight when I was 17 :-)

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  5. Couldn't agree more about reading financial reports and the footnotes. I still worry sometimes whether I am reading enough or am I overlooking something obvious in my investments.

    Thanks for sharing my post, JC. Hope you had a great weekend
    R2R

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  6. Hey Buddy. I completely agree about GAAP issues. I beleive 20% ownership is the point at which the parent company can show the subsidiary's earnings on the books. Makes sense for an entity structured like Berkshire Hathaway I suppose, but not for all companies.

    Thanks for sharing our post this week. I hope you're doing well, and getting better weather than we are. In St Louis at the moment and it's cool and rainy. Boo. Have a great week!
    -Bryan

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  7. It's a shame we have to treat things that should be uniform and explained simply for the shareholders to understand, just seem to be more complex.

    Thanks for sharing all the articles, lots of good ones in there :)

    Tristan

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