Don't Be an Idiot About This Stock

Don't let last year's performance fool you; no one should be looking at today's gutting of Best Buy stock as a buying opportunity.

Jan 16, 2014 at 11:33PM

In this video from Thursday's edition of Investor Beat, host Chris Hill, and Motley Fool analysts Tim Hanson and Morgan Housel, dig deep into the top investing stories from the market today.

Despite being one of the best-performing stocks of 2013, Best Buy (NYSE:BBY) was gutted on the market today, down over 25% after the company announced that the holiday season was both disappointing and "intensely promotional." In the lead story on today's Investor Beat, Tim and Morgan discuss what was behind the 2013 run-up for Best Buy, and just how difficult it will be for the company to continue to compete in the same space with Amazon (NASDAQ:AMZN) and Wal-Mart (NYSE:WMT). They also talk about why they don't see the stock as a value play even after today's fire sale.

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Chris Hill owns shares of Fool contributor Morgan Housel has no position in any stocks mentioned. Tim Hanson has no position in any stocks mentioned. The Motley Fool recommends The Motley Fool owns shares of Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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