Investor’s Thanksgiving Thanks

As we reflect on Thanksgiving, here are some personal finance things I am thankful for:

  • Decimal stock pricing. Remember all those pesky fractions?  Decimal pricing is so much easier.  And the spreads are much better too.
  • Online stock trading. I don’t know about you, but I don’t want to talk to a broker.  I want fast quotes and cheap trades without the conversation.
  • Free online financial data. Thank you all you online publishers of stock data.  It’s 2:00 AM and I just have to know the market premium on the BEP closed-end fund — No problem.
  • Index funds. Thanks John Bogle and others for these diversified, tax-efficient, cost-efficient funds.
  • Good financial planning. Thanks, Dad, and others along the way who taught me money management, investing, and financial planning.
  • 401K, IRA, and Roth IRA accounts. These tax advantaged accounts were spectacular ideas, and they work.
  • Good accountants. Thanks for helping me make some sense of the US tax code.
  • Buying opportunities. Every now and again a great investment comes along and a great price.  Doubling my money on PCU comes to mind.  Such opportunities are what make investing fun for me and keep me searching for the next great buy.
  • Dividends. Even when stocks are down, many still pay dividends. A lot of stocks are currently repaying 3% dividend yields. These quarterly dribbles of cash do feel good to receive.

For investors, there is a lot to be thankful for.  Yes, our equity investments are generally down, and our economy is lethargic. Equities have been a wild ride to nowhere in the last decade.  But bonds and, yes, in many places even real estate have fared much better.  And as long-term investor I am excited about the prospects finding buying opportunities.  I wouldn’t say equities are cheap, but I am thankful that they are not all that expensive either.  I am looking forward to the next 10, 20, 30+ years of investing.

One thought on “Investor’s Thanksgiving Thanks

  1. I have been looking at at Apple and Goldman Sachs mainly. The recent Goldman fall helped me make a lot money with my puts but I kept Apple for the longer term, I think it has longer term prospect. Many thanks for your informative articles and keep them coming.

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