Wednesday, November 18, 2009
I started investing in the stock market this summer. So far, it's a fascinating adventure. In the past, the market bored me but I am willing to admit now that it was not so much boredom as prejudice and spiritual snobbery. I viewed it as "unworthy" a subject for study, for an aspiring saint.
That all changed when I took a Called and Gifted workshop this summer in Chicago, from the Catherine of Siena Institute. There I learned to get off my high horse and disabuse myself of the idea that money itself is the root of all evil. NO, NO, NO - it's the LOVE OF MONEY that is the root of all evil, or so the saying goes. I don't even know where the saying comes from.
Just goes to show that you CAN teach an old dog new tricks.
It turns out that I score very high in the charism of Giving, one of whose manifestations is the ability to create wealth in order to give it generously where it is needed. I've always enjoyed being generous, and I've always enjoyed hustling for money, but I never put the two together before that workshop as two sides of the same charismatic coin.
So I'm having a blast in the market.
Here is a nice analysis from the Motley Fool folks on why they are selling their Starbucks shares and advising others to do the same.
I never bought Starbucks, but I AM trying to learn how to really analyze companies and determine valuations, so I can pick stocks on my own and not other people's advice. So this is for me to print off and read, when I have time to look at Starbucks' financials. Motley Fool was bullish on Starbucks for a long time. They say that knowing when to sell is even more important than when to buy. Hence -- this is for my education!
Motley Fool Million Dollar Portfolio