Weekly Roundup - March 12, 2016
It's great to see the markets moving back higher while I'm having to sit on the sidelines and even better to see is oil, via WTI, climbing higher as well. I don't know if the $38 handle will be maintained and wouldn't be surprised at all to see the low $30's at least one more time. However, for work it's good to see oil near $40.
On Thursday of this week I drove back up to College Station to go meet up with Bryan (Income Surfer). It was great to sit down and talk with someone about business, investing and blogging and all sorts of other topics. I don't know about most of you but I know I rarely get to talk shop about these things with people in my everyday life so I'm glad we were able to meet up during his road trip. As big bonus to the chat was that I added several more ideas to my potential article list and some future things to do to develop the blog. If any of you are ever in Texas let me know because I'd love to meet up with y'all as well. Although my wife thought my "online date" was a little bizarre.
I've been reading a lot of Pat Dorsey's book on successful stock investing and I highly recommend it so far. Even though it's not about dividend growth investing there's a lot of great information in there in regards to both quantitative and qualitative evaluation of companies. I'm not sure what book I want to tackle next but I have at least another 8-10 in the running.
I'm also reading, well browsing, The Devil's Financial Dictionary by Jason Zweig (affiliate link) which is a brutally honest look at the financial/investment industry. The book gives the true definition of financial terms often in humorous ways.
Each week during my Weekly Roundup I will highlight one of the terms.
"EBITDA, n. Called 'bullsh*t earnings' by the great investor Charles T. Munger, EBITDA is an acronym for 'earnings before interest, tax, depreciation, and amortization,' a method of reporting net income as if expenses like interest and taxes didn't matter. One company could spend twice as much on its borrowings as another and still report the same EBITDA. If Mr. Munger's term is too impolite for you, try thinking of EBITDA as standing for 'earnings before including the decisive adjustments.'"
My productivity and focus is seriously lacking whenever I'm at home which means that I get much less writing done. This is something that I need to work on since work is likely to continue to be slow which leads to more time at home. While I can't complain too much about being home I do need to figure out a way to maintain my writing schedule.
I have some pretty good ideas for posts as well as some other tools for all of you to use. So be on the lookout for more things over the next few months.
After making some good progress over the last month and a half I ended up taking a break this past week. It wasn't really planned but the weather played a big part in that since we had 4 straight days of rain this week which was a real bummer. I love when it rains but not when it's all day every day back to back to back. At least I didn't go overboard on my diet although I did loosen up the reins a bit so it's time to get back on track.
Once again it was another fairly boring week for my portfolio. While there were no dividend increases announced this past week a lot more dividends were paid out.
On Friday though I did close one of my positions and I'll highlight the reasons why early next week.
On to the Roundup
In case you missed them, here's the posts from Passive-Income-Pursuit this past week.
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!
Financial Independence: Maybe You Don't Want It Bad Enough by Financial Samurai
Sector Overview - Financial Market Operators by Roadmap2Retire
I Quit My Job - The Next Chapter Begins NOW by FI Fighter
How to be wrong as an investor by A Wealth of Common Sense
Baby DivHut turns one! by DivHut
Dreaming in maximum bigness by Our Next Life
First leg of the trip by Income Surfer
30 songs inspired by financial independence by Dividend Life
Five dividend growth investing lessons I've learned over the years by Dividend Growth Investor
Financial Swagger by Modest Money
My Rental Portfolio: The Tenant Responds by Financially Integrated
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.