Posted on 07/06/2014 10:24:34 AM PDT by expat_panama
Spot the flaws in this Motley Fool article:
Warren Buffett Tells You How to Turn $40 Into $10 Million
By Patrick Morris | More Articles | Save For Later
Warren Buffett is perhaps the greatest investor of all time, and he has a simple solution that could help an individual turn $40 into $10 million.
A few years ago, Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) CEO and Chairman Warren Buffett spoke about one of his favorite companies, Coca-Cola (NYSE: KO ) , and how after dividends, stock splits, and patient reinvestment, someone who bought just $40 worth of the company’s stock when it went public in 1919 would now have more than $5 million.
Yet in April 2012, when the board of directors proposed a stock split of the beloved soft-drink manufacturer, that figure was updated and the company noted that original $40 would now be worth $9.8 million. A little back-of-the-envelope math of the total return of Coke since May 2012 would mean that $9.8 million is now worth about $10.8 million.
It's really great though; I mean, ya can't buy this kind of entertainment!
Started to put a sarcasm tag on my stock tip but decided I wasn’t kidding.
They halted CYNK today.
SEC ISSUES STATEMENT ON CYNK TRADING HALT
https://finance.yahoo.com/news/cynk-trading-halted-120937856.html
U.S. posts $70.5 billion June budget surplus
Federal government is on track for the lowest full-year deficit since 2008
http://www.marketwatch.com/story/us-posts-705-billion-june-budget-surplus-2014-07-11-141031458
You’re not the only one.
Illegal immigrants, technology, law suits and regulations, urban centers run by Democrats, and government schooling all coming together in the perfect storm?
One of my pet peeves is how too many people I meet love to bash American education.
Reality is that the US system is the world's best and the attacks are mindless. As an aside, my experience is that the Census Br. does have an agenda that's biased toward the extreme leftist view that the poor'n'needy are a swelling teeming hoard --thus the 'falling income' shtick. That said, the 'education premium' is a fact that's independently confirmed by BLS data, and it's huge.
So while most people say U.S. education is bogus, everyone making money choices finds that it's worth it because it works.
Ah shucks. We missed our chance.
Would you pull out of bonds? Especially world bonds?
There are opportunities in bonds particularly with the issues in some of the European countries like Spain, Portugal and France. Flight to safety might come in to play. I think I saw where PIMCO increased their holdings in US bonds recently. My only questions is how much room is left? Yeah the 10Y yield retraced to 2.5% but will it get back to 2%? I just don’t think so.
Interesting. Thanks for sharing Wyatt’s Torch..
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