As a new young investor, I find myself constantly reviewing many different stocks and comparing their performance against the S&P 500 index. In my last article, I researched DNP Select Income Fund (NYSE:DNP) and found that it had outperform the S&P 500 index in the last 29 years since it was founded. My analysis of DNP Select Income Fund can be found here. Every investor are looking for the next investment that will provide them a decent return in the future. The true is that very few companies outperform the market over a long period of time. An example of this was shown in the looking back at the Nifty Fifty stocks that were once deemed a solid buy and hold growth stocks back in 1960 – 1970. The lesson learned I took from the Nifty Fifty stocks was that even if a company is a large corporation and has a long performance track record, there are no guarantee it will continue to outperform the market much less be in business the next fifty years. For this reason, the number of companies that outperform the stock market in the long run are very little.Johnson & Johnson (NYSE:JNJ) is one of those companies that has consistently outperform the market in any given economic condition. This article will provide evidences that show Johnson & Johnson has been outperforming the S&P500 since 1944 and why this stock need to be in everyone’s portfolio.
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Here are three books I recommend reading that will provide ideas and insights on how to produce a passive slick income, self improvement and stock investing.
In the pursue of generating slick income, here is my June 26th to July 3rd weekly report to you! This report will document the monthly income gain off slick income producing ideas. Hopefully this will help you to start getting into creating slick income as well.
Slidejoy carats reward: 2950 = ~$3. (1000 carats = $1)
ReceiptHog Gold chip: 547 = ~$2.50(1000 goldchip = $5)
Shopkick: 780 kicks = ~$3 (1250 kicks for $5)
Stock Income from Robinhood
PIMCO High Income Fund: 3 shares produce 0.31 cents this week
Writing articles for Seekingalpha: $159
Total Income $123.62
Passive investing is one of the easy method to generate passive income. With the right stock or index fund, the average person like you and me can sit back and collect an easy paycheck each month. Here are the top 5 books on I have read on passive investing.
- The Little Book of Common Sense Investing by John Bogle
This book is the bible for passive investor looking to produce passive income. John Bogle provides tremendous information on why you should invest passively in U.S stock index fund rather than chasing the glorious returns of individual stocks. He backs his thesis on choosing index fund over individual stocks with historical investment returns from the two investments. The book is very short as it is only 216 pages and it is very easy to understand what John Bogle is writing about. He does not use strange terminology that you would find in technical analysis books. But, don’t take my word for it, here is the review of the book from Warren Buffett. “There are a few investment managers, of course, who are very good – though in the short run, it’s difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read John Bogle’s The Little Book of Common Sense Investing.” – Warren Buffett, Chairman of Berkshire Hathaway, 2014 Annual Shareholder Letter.
You can read more about the book here: