4 Actions Every Investor Must Take

Winding Road

The decisions you make as an investor- even small decisions- have a huge financial impact on your life. You work hard to save, you invest, you put a plan in place. However: that’s not enough.

In my 30-years kicking around accounting and finance, I see several actions that investors should take- but don’t. Now, these are not necessarily big, time-consuming actions. Instead these are smaller steps that you need to take. If you do, you’ll keep your financial plan on track.

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Dreamboat Annie: An Accounting Story

Cash Register Close UP

Author’s Note:

Explaining accounting and finance and can be pretty dull. That’s a problem, if your need to learn accounting and finance.

So, on a plane from St. Louis to Seattle this spring, I tried to find a solution to that problem. What if I could write about some accounting concepts inside of a quirky (maybe even funny) short story? My goal here is to present some accounting information, then add another quirk to the story. By the end, you’re learned something about accounting- but it’s presented in a light-hearted way that keeps your attention.

Anyway, that’s the goal here- enjoy!

The leaves always looked brighter after a good rain, Roger thought, as he drove to office on a bright October morning.

Roger owned Dreamboat Annie Catering Company- named after the old song from the band Heart. Dreamboat had grown into a pretty big business. Roger’s company supplied desserts to 6 busy restaurants in St. Louis.

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As he put down the visor to combat the morning sun, he thought about the pricing discussion he had with his accountant. Dreamboat had a fair amount of overhead that needed to be included in the price of the products they sold. Roger needed a more precise way to assign that overhead. He mulled it over as he pulled into the parking lot.

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What Mark Cuban Can Teach Us About Selling Stock

Mark Cuban

When you sell a stock, how much do you receive on your sale?

Well, it depends on how many buyers there are- and what price they will pay. Pretty simple. Now, since entering the brokerage business way back in ’85, I’ve always thought the concept of selling of a stock has been poorly explained. Mark Cuban’s recent LinkedIn post really sheds light on this critical investing concept.

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Making Outdoor Gear: An Accounting Story

Hikers

Author’s Note:

Explaining accounting and finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.

On a plane from St. Louis to Seattle this Spring, I decided to try and fix the problem. What if I could wrap some accounting concepts inside of a quirky (funny?) short story. My goal here is to present some information, then add another step in the story. So, when you get to the end, you’ve been reminded of an accounting concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here….enjoy!

February in the Midwest- probably the toughest weather month of the year, Greg thought. He stomped his feet on the mat to get rid of the slush and unlocked the office door.

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Greg’s business, MountainView Clothing, made specialty shirts, pants and shorts. Their customers were serious outdoor people. Clients bought MountainView gear for its durability and quality.

His mission today (If he decided to accept it) was a sell of process further issue. Greg had two choices: He could sell a product as is- with no further production. There was customer demand for this “as is” product. He could, instead, add some features to the product and sell it for a higher price.

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9 Things Carl Ichan Taught Me About The Markets

Wall Street Two Signs

Danger Ahead.

This is the title of a brilliant 15-minute video by billionaire investor Carl Ichan. This is a clear discussion of some topics that no one else is talking about with the same level of clarity. Ichan’s common sense approach explains how low interest rates and other factors have created risks for stock and bond investors.

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