From Grant Wasylik, editor, The Palm Beach Letter: Our September 2014 recommendation just announced an over-4% special dividend payable on December 31. Regular Palm Beach Letter (PBL) subscribers know we’ve been harping on our “Special Dividend” theme all year. It’s a way for us to collect “stealth” income. You see, popular financial websites like CNBC, […]
Regular Daily readers know Mark understands a “retired” life doesn’t mean one without work. It means one without nine-to-five drudgery, stress, and wasted years of life. Consider the case of travel writer Steenie Harvey. Mark writes: Before she was a travel writer, Steenie’s life wasn’t so exciting. Fifteen years ago, she was working 50 […]
“We wanted to have a good life, not just a good job…” That’s a quote from former accountant Paul Terhorst. He and his wife Vicki both retired in 1988 at age 35. And neither was a multimillionaire. Forbes reports the couple decided to become “perpetual travelers.” That means they sold most of their possessions (they […]
Business Insider created the two-minute video below. It instructs you in the proper usage of a major appliance most of us take for granted… the refrigerator. It may seem basic, but loading the “fridge” is more complicated than you might expect. Some common mistakes—like putting milk in the door—spoil your food faster, make your refrigerator […]
In last Monday’s Daily (Dec. 1, 2014), we featured Warren Buffett’s purchase of Proctor & Gamble’s Duracell division. Battery-maker Duracell is a perennial “cash cow.” It commands 25% of the world’s battery market. It’s a classic Buffett deal: As he wrote in his 1989 letter to Berkshire Hathaway shareholders, “It’s far better to buy a […]
“Money and power corrupt, and they are color blind…” That’s what legendary NYPD cop Frank Serpico writes. You may know Serpico from the 1973 Al Pacino blockbuster that bears his name. But what you may not know is this recipient of the NYPD Medal of Honor—the department’s highest award for bravery in action—is to this […]
“Teeka, you really got this one wrong and lost subscribers a lot of money…” That’s what I was thinking. But of course I didn’t say that to Teeka during our weekly Monday morning conference call in July. Turns out that I was the one who was wrong. Before I continue, let me introduce myself. My […]