Think for yourself, follow your passion, find your cause

Thanks to Peg Elefant for the theme of this post about the Hadassah Business Meeting. We were talking on the phone about the coming meeting in Las Vegas. IFO said she wanted to live-blog about it, but couldn’t think of how to fit a meeting of the world’s largest and possibly oldest active women’s group into our blog model: Investing for One.

We urge people, especially single women, to do their own investing rather than use financial advisors, experts, or gurus. Our bias opposes investing in mutual funds, our favorite financial advice columnist Dave Ramsey to the contrary notwithstanding. We advocate self-education, using multiple sources of information, not the least of which, is company SEC filings, WSJ news stories, and “insight” information. Yes, you could have an insight about a company that no one else has had and profit from it.

We also advise living life to the fullest – indulging our love of art, music, food, gardening, walking, travel, reading… whatever rings our chimes. We believe in educating ourselves about the American and world economy in order to invest our own funds more wisely and productively.

After hearing that, Peg immediately came up with the headline above! What a genius.

And following the very inspiring Hadassah meeting, we think we’ve found our cause. Hadassah supports medical research, education and community building. Only 8% of the millions of dollars they raise is used for administration!

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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2 Responses to Think for yourself, follow your passion, find your cause

  1. Michael Morrison says:

    Excellent advice, to which I would add one comment: In addition to The Wall Street Journal, read Investor’s Business Daily.
    I have a friend in D.C., a leftie, too, and he says he has made money by reading IBD.

  2. Good idea. My daughter (the real estate genius) reads IBD. She thought the WSJ was getting too “USA Today.”

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