Written for individual investors by an individual investor.
In Build Wealth With Common Stocks, David J. Waldron shares actionable ideas to construct a potentially market-beating portfolio of the common shares of enduring companies to fund life's significant milestones such as buying a home, paying for a college education, pursuing a passion, starting a business, or enjoying a comfortable retirement.
Waldron offers inspiring wisdom and memorable anecdotes to keep the reader moving forward during the endless roller coaster rides of market cycles.
From the dust jacket's inside flaps:
On Outperforming Wall Street
Despite limited capital, the individual investor on Main Street has the potential to achieve superior returns with lower costs and less risk than the power brokers working on Wall Street.
On Being a Thoughtful Investor
To paraphrase American baseball legend Yogi Berra, investing is '90 percent half' common sense. The 'other half' is patience and discipline.
On Patience
Patience is the scarcest and, thereby, the most valuable commodity available to the retail-level investor.
On Discipline
One rule virtually guarantees you will never lose money on an investment (Chapter Five).
On Productive Fear
A portfolio constructed on the fear of losing money is destined to outperform a basket thrown together from the fear of missing out.
On Taking Ownership
Stop placing bets on stocks and start investing in companies.
On Active vs. Passive Investing
Buy slices of the best companies in the sector, reserving the index for hedging your portfolio.
On the Perils of High Yield Dividends
Chasing current yield is a recipe for junk equity. Instead, practice this more profitable concept of dividend investing (Chapter Nine).
On the Death of Value Investing
Value investing is never dead; it's just less popular than short-term growth stories. As long as there are financial markets or farmers' markets, value prevails.
On the Benefits of Self-Directed Investing
Build your beach or lake house instead of your financial advisor's.
On Assessing Risk
A risk understood, accepted, and well-managed becomes the risk worth taking.
On Being a Defensive Investor
Outperform the market by managing the downside while allowing the upside to take care of itself.
Copyright 2021 by David J. Waldron. All rights reserved.