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Professor Pollack’s 3×5 Card of Financial Advice

According to the Forbes article ” Should Financial Advice Cost 1%?” Americans are spending  $233 billion a year to have $15 trillion of investment money professionally managed. What if you could avoid these fees with some simple financial advice?

Well, you can.  In fact, back in 2014 University of Chicago Professor Harold Pollack wrote down the basics on a 3 by 5 card.  Here they are:

3x5 card of financial advice Read More


Can we expect more political and economic stability in 2018?

It’s been a year of upheaval across some parts of Europe with snap elections, unexpected polling results and changes of leadership. In France, the Netherlands, Germany and the UK, government elections have punctuated 2017 and to an extent, all of them have provided us with periods of uncertainty.

So, can we look forward to more of the same in 2018 or are we likely to expect a period of relative stability compared with the developments across the previous twelve months?

Knock on

In the weeks leading up to an election the air of uncertainty can affect a country in a number of ways: The economy can face a slow down with a dip in public spending and in turn, this can spread to the trading markets where the currency in question can face a hit.

What happens after that will largely depend on the result of the election itself. If the poll is a predictable one and if the ruling party is returned with a comfortable majority, the likelihood is that economic stability will follow its political counterpart.

However, if the forecasters get it wrong and the exit polls fail, as they have done across Europe and beyond, chaos can ensue.


2017 saw national elections take place in Germany and in the UK and while the ruling parties were returned in both cases, the outcome was far from comfortable for those directly involved.  In Great Britain, ruling Conservative Prime Minister Theresa May took the gamble to call a snap vote in June in an effort to get a rubber stamp from the electorate and to form a ‘Strong and Stable’ government for the next five years.

The punt backfired however and the current ruling party is some way from offering strength and stability to Britain right now. The Pound was already on a downward spiral due to the continued ramifications of Brexit and the uncertainty that followed the British minority government only served to see Sterling drop even further.

In Germany, a similar outcome happened although Angela Merkel’s grip on power seemed a little more solid after the Federal Election vote at the end of September. However, fast forward two months and failure to secure an effective coalition leaves the country in a state of flux with talks on the subject unlikely to resume until the New Year.

In the interim, both countries have seen calls for their leader to step down amidst reports of challenges from within the respective parties. And, in the UK, few observers are ruling out the possibility of the country’s voters returning to the polls for yet another election in 2018. Along with protracted Brexit negotiations, the UK lurches from crisis to crisis with no end in sight just yet.

What next?

As far as confirmed elections in 2018 are concerned, our attention switches to Scandinavia where Sweden is set for the vote in September. Elsewhere, it’s all relatively quiet so that, at least, looks to be a positive point.

However, while there may be a lack of elections on the horizon, the knock on effect from polls in the UK and in Germany means that we start the New Year with further uncertainty. For the sake of the strength of the pound and the euro, those situations must be quickly resolved.


Tim Grittani Net Worth And What We Can Learn From It

Tim Grittani Net Worth And What We Can Learn From ItTim Grittani net worth is estimated at $2.7 million dollars and likely to increase as time goes on. But, who is he, how did he make all of his money? And how can this help you?

Who Is Tim Grittani?

Tim Gritanni became popular after becoming a student of Timothy Sykes, a guru in penny stocks. He quickly took what he learned and put it to work starting with an investment of just $1,500 and slowly growing to $2.7 million.

How Did Tim Grittani Net Worth Grow?

Now though he did this in a pretty quick time, it wasn’t over night. He didn’t invest his money and the next day make $2.7 million. Instead it took some time, in fact he lost his initial investment completely not fully understanding how to trade and make money.

After losing the initial investment he saved up money from his summer job to reinvest. Not only that he started to learn all he could taking Timothy Sykes courses and putting the material to use.

After six months he was finally back to where he started, and now knew what it would really take to make a living trading penny stocks.

He then moved back home with his parents in January of 2012, under the condition that he make $10,000 by end of March that year. Through hard work, and determination he met that quarter goal.

He then decided to make a higher goal which he met, and then again and again until Tim Grittani net worth was $2.7 million dollars.

What Are Penny Stocks?

Penny stocks are stocks that trade for $5.00 or less and are “considered highly speculative and high risk because of their lack of liquidity, large bid-ask spread, small capitalization and limited flowing disclosure”, according to Investopedia.

As Timothy Sykes, Grittani’s teacher, says “This is a game, and you have to think of it like a game”. So trading penny stocks is something that can make you series money, but with it also has series risk.

Though it’s possible to make a lot of money with penny stocks the likelihood is low. Though that doesn’t mean there is nothing to learn from such a person.

Can We All Learn From A Penny Stock Trader?

Learning Tim Grittani net worth, and more importantly how he grew it to such a level, gives us three main things to take away.

First, Tim Grittani didn’t get to where he is over night. He learned, but rather then just learning and never doing anything he took action, setting goals for himself. Once each goal was set he set another, and another until a bad week was more profitable then 3 months would have been.

Second, don’t be afraid to lose it all. Tim Grittani lost his initial investment, but he didn’t let that stop him from growing his net worth to $2.7 million. Instead he learned from that mistake changed how he did things and made progress. Likewise we may lose everything, we may be working on a project and it falls out, or doesn’t work. We will lose time and money, but don’t let it cripple us, instead learn from it. Let your failure be the fire that helps you attain your ultimate goals.

Third, find something you’re semi good at, natural at, or just enjoy and become an expert. Tim Grittani wasn’t an expert at trading penny stocks when he started he had to become and expert. You can too, you may not be an expert at retail arbitrage, writing, or making money while you sleep. But you can become and expert, you can spend the time learning, practicing, failing and become that expert.

Tim Grittani net worth is much higher then most peoples, but we can reach the same or even higher. If we do all we can and become the expert in our chosen field.


How To Pick Stocks Like Benjamin Graham – The Enterprising Investor

In the previous post, we briefly mentioned two different types of investors – the defensive investor, and the enterprising investor. Then we defined who a defensive investor was, and looked at how to analyze stocks as a defensive investor.

Now we’ll look at the other perspective – analyzing stocks as an enterprising investor. What makes an enterprising investor different?

According to Graham, the enterprising investor is willing “to devote time and care to the selection of securities that are both sound and more attractive than the average.” In other words, this person is willing to put in the extra effort necessary to obtain a better than average return on investment. So if this describes you, what criteria do you use to analyze stocks for your portfolio?

Here are the six criteria that Graham suggests you follow:

Low Price/Earnings Ratio

The first criteria he suggests is a lower price/earnings ratio. As opposed to the defensive investor, who is advised to filter out stocks with a P/E ratio greater than 15, the enterprising investor is even more restricted. Only stocks with a P/E ratio of 9 or less are suitable.

Good Financial Condition

While the defensive investor looks for companies whose current assets are at least twice their current liabilities, the enterprising investor can be more flexible. Companies only need to have current assets that are one and a half times greater than their current liabilities to be sufficient for the enterprising investor.

Furthermore, the amount of debt is permitted to be within 110% of net current assets.

Earnings Stability

Again, Graham was more lenient in this area compared to the defensive investor. For the enterprising investor, he only required positive earnings over the previous five years.

Growth In Earnings

Graham didn’t require a specific percentage increase in earnings, as he did for the defensive investor. Rather, he only required that the company’s earnings from the previous year be more than its earnings figure five years ago.

Some Current Dividend

Graham was the most accommodating with this set of criteria. He didn’t insist on consistent dividend payments over a certain time period, but only expected some amount of current dividends.

Moderate Price

This was the only other criteria in which Graham placed more restrictions for the enterprising investor. To be a worthy company, the stock’s price needed to be less than 120% of the company’s tangible book value.

Closing Thoughts

Using this different set of criteria, enterprising investors would expand their list of suitable stocks for further analysis. However, Graham reminds us that to be successful, the enterprising investor must have enough knowledge of stock values to treat his operations as a business.

Finally, if you want to get at the heart of what Graham’s value investing perspective, consider reading a copy of his book The Intelligent Investor. The work was first published in 1949 and has been a must read for value investors since then. It sells for something like $12.00 on Amazon, so it is inexpensive considering its educational value.

Do you consider yourself an enterprising investor? What other criteria do you use to analyze stocks?

This post was included in the Carnival Of Money Stories  during the week of July 19, 2010. Check out The Financial Blogger’s blog for a variety of great articles!


How To Pick Stocks Like Benjamin Graham – The Defensive Investor

Although I’m not an advocate of picking individual stocks to make up the major part of an investing program, I do have a small amount of money invested in single stocks. With that said, the framework that I used – and continue to use today – to analyze the stocks was primarily influenced by Benjamin Graham’s bestseller, The Intelligent Investor.
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