It’s been nine months since IFO (this means me, your faithful blogger) last posted. No, she (this means me, too. It is a literary affectation to refer to oneself as “we,” but I like it) isn’t preggers. She just needed a break.
The main reason for this blog is to present a view on investing for individuals. specifically our friends – women of a certain age who have investable assets. That view advises against mutual funds, investment advisors, insurance, annuities and other frivolities.
We favor investing in what we know, so real estate and commodities are also out, in spite of the fact that we know highly successful people who invest in those assets. That leaves buying/investing in public companies that issue stock.
We constantly advised doing due diligence: concentrating on the financial metrics and other topics like dividend rate, number of years the company has been paying dividends, knowing the CEO, understanding the company’s products/services (hat tip: Warren Buffett), keeping track of the overall markets, and keeping a lookout for new/replacement companies to invest in. We advised never to gamble, sell short, or do frequent trading.
That was fine, but IFO’s friends either agreed with her and already used those techniques, or they didn’t agree and gave control of their portfolios to their stock brokers or investment advisors.
We expanded our view on investing into the larger picture: investing in life. This opened up wonderful possibilities for writing about travel, food, politics and anything else that made life enjoyable and worth living.
But still. We felt we had said everything. So we stopped posting. Now, however, a few friends have appealed to our vanity – successfully – and asked us to resume. And coincidentally, we have found new topics to cover! Yay!
So, stay tuned. We’re back.