My Two New Loves: CNBC and Buffet

Well here’s brief update on my interests. I’ll be succinct.

Stock game plan- On Hold

I’ve found that my mock portfolio is quelling my investing appetite for now. Given that I don’t have much to invest, I’ve decided to hold off on the real deal. I have my watch list, I’m reading books, reading online, and am learning a ton. When I start making a salary and have expendable income, then I’ll be stashing it. Til then I’ll learn to budget well and manage my money. Although I do wish I had money NOW because across the board stock prices have taken a beating, so I could buy them cheap. Like GE, I will almost certainly buy GE stocks because I feel it will have a strong future in energy. Dang it! Hopefully the market will still be down for the count this time next year when (fingers crossed) I’ll have thousands of disposable money. Jk, I hope the market recovers before then.. Just low prices on great companies. Oh well…

CNBC

How come no one told me about this channel. I love it. It blows CNN and Fox out of the water. I still check the drudge report, check a bit of Fox News, but most of my TV time is watching CNBC. The shows are all about personal investing/finance/budgeting and it’s just what the doctor ordered for my current veracious interest in personal finance.

P.s. This particular commentator looks just like my friend Jessica. What do you think?

Warren Buffet

Warren Buffet is a newfound hero. I mean, he’s always been the go-to stock guru and is quoted constantly. Of course I knew who he was, but I didn’t know much about WHO he was. After reading about him and watching a show about him, investigating his life, I really like what I’m hearing. “Be patient, wait for a good pitch.” He said he’s business savvy because he ‘reads and talks to smart people, it’s not that complicated…” His recipe for finding a company to invest in (or in his case BUY) he lists 4 things: find a company/industry you understand, find a company that you feel is undervalued, that is long-term competitive, and that has good management.” How simple is that? All you need to learn is how to recognize these factors. Anyway, I really like this guy. He’s a capital B billionaire (3rd richest in the world) and yet he still wears sweats around, lives in the same house he has for 50 years, has a modest office, and is all around and really down to earth homebody. After I finish my Motley Fools book, I’m going to read a Warren Buffet book. There’s a lot out there… the Essential Buffet, the Warren Buffet way, … I’ll have to ask around. If you’ve read a WB book, what do you recommend?