tag:blogger.com,1999:blog-538734877165581694.post6010942443165034858..comments2023-04-03T03:36:10.172-07:00Comments on Toward Mustachianism: October net worth updateMustachian Acolytehttp://www.blogger.com/profile/07084560871262302396noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-538734877165581694.post-32136352533976086012013-10-23T18:31:44.772-07:002013-10-23T18:31:44.772-07:00I hope you timed the market before today =)I hope you timed the market before today =)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-65206112298440553462013-10-13T18:13:26.180-07:002013-10-13T18:13:26.180-07:00Woo hoo I-Bonds! You may be the first person I'...Woo hoo I-Bonds! You may be the first person I've convinced. Glad to hear you're on the road to paying off your debts and investing in your own personal freedom.<br /><br />Corning researches and manufactures specialty glass and ceramics. The ceramics part of their business is relatively small if I remember correctly, and mostly focused on catalytic converters for automobiles, as well as some other eco-friendly wares.Mustachian Acolytehttps://www.blogger.com/profile/07084560871262302396noreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-32617112196449916192013-10-13T18:08:10.069-07:002013-10-13T18:08:10.069-07:00Thanks. I'm also spending a few hours a week l...Thanks. I'm also spending a few hours a week learning how to research and value public companies. If I didn't find security analysis interesting I'd definitely go with indexing. This seems like a hobby that's right up my alley.Mustachian Acolytehttps://www.blogger.com/profile/07084560871262302396noreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-58976707423952072692013-10-13T15:44:48.429-07:002013-10-13T15:44:48.429-07:00Hi Acho,
I like your blog, especially this net wor...Hi Acho,<br />I like your blog, especially this net worth update. I also have Lending club, 401k, and thanks to your post I am putting money on I-Bond. Have not ventured into stocks investing yet but I will pretty soon once I finish my last debt.<br />Corning is a ceramics company? Anyway thanks for updating your blog.<br />Anonymoushttps://www.blogger.com/profile/13614693063225477556noreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-68684796672706243122013-10-09T05:45:39.845-07:002013-10-09T05:45:39.845-07:00Same Anon as before: Great answers! I think that ...Same Anon as before: Great answers! I think that it's very mustachian to try to reflect your values in your investing! When you tie it to the wasted money of an expense ratio, it's double mustachian!<br /><br />Keep it up!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-69257803335194664772013-10-08T20:24:06.663-07:002013-10-08T20:24:06.663-07:00You caught me: I'm definitely trying to time t...You caught me: I'm definitely trying to time the market. I'm looking for deals! It's not like I have a lot of money on the sidelines either.<br /><br />To be fair, GLW isn't the only stock I like. As businesses, I also really like AFL and XOM at current prices; and of course companies like KO and MCD are fantastic and I'd love to own them at anything that looks like a fair price.<br /><br />There's also this company Potash Corporation of Saskatchewan (POT) I've been looking into, that looks like it has an awesome management team and solid long-term prospects. It got beaten up lately, but I'm not sure it's cheap enough to constitute a good value.<br /><br />More on all this later. For now, I'm going after Corning :)Mustachian Acolytehttps://www.blogger.com/profile/07084560871262302396noreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-64980701043928356892013-10-08T20:16:45.273-07:002013-10-08T20:16:45.273-07:00That's a good point. "Investment update&q...That's a good point. "Investment update" implies it's just investments, but "net worth" should be subtracting things like debts. I'll probably change it going forward. Thanks!<br /><br />I can't remember if I've written about why I want to build a stock portfolio instead of indexing, but in a nutshell: when I'm finally retired with a huge portfolio, I'd rather not be paying an expense ratio. That'll cost at least a few hundred dollars every year, depending on the funds I'm invested in. I also want to like the companies I own. It really bugs me thinking that I've got some of my hard-earned money in a company like Monsanto or Facebook.<br /><br />I'll try to remember to elaborate on my reasoning a bit more in a future post. I know that indexing is the right move for almost everyone, but I just don't feel like it's for me.Mustachian Acolytehttps://www.blogger.com/profile/07084560871262302396noreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-60681771057480072002013-10-08T12:42:41.298-07:002013-10-08T12:42:41.298-07:00Attractively valued is another way of trying to ti...Attractively valued is another way of trying to time the market. It's fun to buy lots of whole shares but the dividend percent pays the same amount of cash per dollat spent on the stocks. <br /><br />Maybe the glass house analogy is a bit haknyed but I'd like the windows to be pyrex and other parts to be still paying me in case they break. <br /><br />Oil stocks are pretty much flat on the year and pack nice dividends. I don't think you can go too wrong if you spend the same effort that you have with corning on finding your second stock.<br />Cheers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-40803473289702494032013-10-08T07:02:07.043-07:002013-10-08T07:02:07.043-07:00I enjoy reading your posts, because I think that y...I enjoy reading your posts, because I think that you are making a serious attempt at being transparent, but I think that maybe you should rename your updates "investment updates", because you make it clear that you have some debt, but it's not clear that this is all of it. Again, I don't want to sound overly critical, because I enjoy getting your updates, but I'm just looking for more information. <br /><br />Also, why not try an ETF or index fund? You have a good long view and these could pay off for you.<br /><br />Great work this October!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-56837285803155889422013-10-07T19:42:28.749-07:002013-10-07T19:42:28.749-07:00Well, right now my taxable investment account isn&...Well, right now my taxable investment account isn't very large, so barring investing in an ETF I'm not capable of diversification. Of all the companies I've looked at recently, I still like Corning most. I think the market is unfairly discounting their prospects, and I think the mid-$14 range is still an attractive entry point, given that I'm looking to hold on to Corning for many years (if my investment thesis pans out). I'm happy to write up the specifics of why I like Corning so much in a future post.<br /><br />Eventually I'll buy more and more companies, but in the short term I don't see any that I think are attractively valued. None I really like, anyway.<br /><br />Do you have any ideas? :)Mustachian Acolytehttps://www.blogger.com/profile/07084560871262302396noreply@blogger.comtag:blogger.com,1999:blog-538734877165581694.post-16168018183464461322013-10-07T12:26:45.350-07:002013-10-07T12:26:45.350-07:00Why is corning worthy of 100% of your controllable...Why is corning worthy of 100% of your controllable stock portfolio? The desire to buy even more of it seems like an emotional decision. If you know you'll have the money for the 0% payoff in march I say find another investment to start paying you dividends. <br />Cheers.Anonymousnoreply@blogger.com