Growing the love for investing
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Friday, May 22, 1998
Cash-King Portfolio
Report Austin, TX (May 22, 1998) -- Today's article is shorter than usual since many of you are probably STILL reading yesterday's American Express buy book-- err, report. Very nice job by Dale filling in for us. For me, what a reminder this is of the collection of great minds we have in Fooldom -- on the Fool staff and beyond. I personally am still re-reading and learning from the report. By the way, after returning from Tulsa, Oklahoma, this afternoon, Tom tossed a coin in the air on the American Express (NYSE: AXP) buy. Veteran readers of the Cash-King Portfolio will remember this recent passage during our hand-wringing delayed purchase of Gap shares. We came to you for guidance on when to buy our Gap shares, and we picked up a Foolish tip. Let's turn the clock back a few weeks and look in:
We agree with "wjp," and so, this afternoon just long of 3 p.m., Tom flipped a quarter high into the air at Fool Global HQ and the gods dropped it tails-up on the floor. Thus, our purchase of American Express must wait for the long weekend to pass. We'll flip again on Monday. Ok, onward. Fools, I just finished reading a great book. Andrew Feinberg's Downsize Your Debt: How to Take Control of Your Personal Finances is quite possibly the funniest book I've ever read about personal financial planning. How contrary -- personal finance with spirited humor -- too Foolish! For many, that isn't saying much, but I think it's a distinction to be proud of. If you can't engage people, you can't teach them -- it was as true in high school as it is today. Now, the book is a touch dated in places (having been published in 1993), but on the whole it is filled with excellent advice. I can already hear some of you saying, "Oh no, he's talking about debt again. This guy always writes about debt in my Cash-King column." But, I have to give it some due -- after all, debt is nasty. It can sneak up on you, and it'll kill your investment returns faster than you can say "bear market." The benefits of having no debt, or declining low-rate debt, are central to the Cash-King philosophy. With that in mind, here are a few of the highlights from Downsize Your Debt:
Ok, there are a few tips from the book. If you know anyone in debt, I highly recommend directing them to this book for purchase or loan from the local library. It's sharp, irreverent, and could put a future Fool on the right track. Oh... now before I send everyone out for the long weekend, here's a group shot of all four Cash-King managers, from our get-together in Alexandria, Virginia, earlier this year. From left to right, Tom Gardner, Phil Weiss, Rob Landley, and Alan Levit. Have a great weekend, Rob Landley P.S. Two main credit bureaus from which you can order your report online are:
Trans Union Corporation
TODAY'S
NUMBERS
Day Month Year History
C-K -0.56% -1.83% 6.48% 6.48%
S&P: -0.37% -0.12% 10.90% 10.90%
NASDAQ: -0.88% -3.39% 9.20% 9.20%
Cash-King Stocks
Rec'd # Security In At Now Change
2/3/98 22 Pfizer 82.30 105.44 28.12%
2/27/98 27 Coca-Cola 69.11 78.81 14.04%
2/3/98 24 Microsoft 78.27 85.56 9.32%
2/6/98 56 T. Rowe Pr 33.67 35.06 4.13%
5/1/98 37 Gap Inc. 51.09 52.94 3.62%
2/13/98 22 Intel 84.67 74.25 -12.31%
Foolish Four Stocks
Rec'd # Security In At Value Change
3/12/98 20 Eastman Ko 63.15 70.56 11.74%
3/12/98 20 Exxon 64.34 70.56 9.68%
3/12/98 17 General Mo 72.41 76.00 4.96%
3/12/98 15 Chevron 83.34 80.94 -2.89%
Cash-King Stocks
Rec'd # Security In At Value Change
2/3/98 22 Pfizer 1810.58 2319.63 $509.05
2/27/98 27 Coca-Cola 1865.89 2127.94 $262.05
2/3/98 24 Microsoft 1878.45 2053.50 $175.05
2/6/98 56 T. Rowe Pr 1885.70 1963.50 $77.80
5/1/98 37 Gap Inc. 1890.33 1958.69 $68.36
2/13/98 22 Intel 1862.83 1633.50 -$229.33
Foolish Four Stocks
Rec'd # Security In At Value Change
3/12/98 20 Eastman Ko 1262.95 1411.25 $148.30
3/12/98 20 Exxon 1286.70 1411.25 $124.55
3/12/98 17 General Mo 1230.89 1292.00 $61.11
3/12/98 15 Chevron 1250.14 1214.06 -$36.08
CASH $3910.83
TOTAL $21296.14
*The year for the S&P and Nasdaq will be as of 02/03/98
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