Published Tue, 01 Jan 2019 19:55:41 -0500 on Seeking Alpha
Note that due to reader requests, I've decided to break up my weekly portfolio updates into three parts: commentary, economic update, and the new "best stocks to buy right now" series. This is to avoid excessively long articles and maximize the utility to my readers.
This week's commentary reveals the three most valuable investing lessons for 2019.
Due to the holidays this week, there is no economic update.
Introduction As I explained in my portfolio update 63, I'm now focused on paying down margin and thus won't be making changes to my real money portfolio for the foreseeable future. In fact, I've now realized the wisdom of Buffett's warning against using margin.
My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage...Now the truth is - the first two he just added because they started with L - it's leverage... It is crazy in my view to borrow money on securities... It's insane to risk what you have and need for something you don't really need... You will not be way happier if you double your net worth." - Warren Buffett (emphasis added)
Now as with all Buffettisms this one needs clarification. Margin is not necessarily evil, it's merely a powerful financial tool that must be used with extreme caution. I know several investors who cap their leverage at 20% or maintain home equity lines of credit that can be used to pay down 100% of... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|TANGER FACTORY OUTLET CENTERS||14.64||19.0||0.77||1.42||9.59|
|PHILIP MORRIS INTERNATIONAL||84.91||16.9||5.03||4.56||5.47|
|BROOKFIELD INFRASTRUCTURE PARTNERS LP||44.82||1.0||0.03||2.01||4.55|
|WALGREENS BOOTS ALLIANCE||50.48||9.9||5.10||1.83||3.49|
|ILLINOIS TOOL WORKS||150.22||20.2||7.45||4.28||2.73|
|BROOKFIELD ASSET MANAGEMENT||51.10||17.5||2.92||0.64||1.29|
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