Reading about Investing is Boring?

Another reason women, (and some men) avoid investing is because they think it’s boring.

Do you like to read?

Investing is about companies and people who do great and horrible things. It’s not only about the numbers.

It’s about the people that run the companies that make the products that sell stock.

I loved reading about the woman who runs pharmaceutical giant, GlaxoSmithKline, ranked #1 by “Fortune” Magazine on its “Change the World” List. The list recognizes companies that “do well in business by doing good for society.” Emma Walmsley has been CEO since 2017. She came from L’Oreal and before becoming CEO of Glaxo, ran their consumer health division where she increased sales from 6.8 to 9.4 billion dollars. You go girl!

On the other end of the spectrum is Mike Pearson, the former CEO of Valiant Pharmaceutical, called by one newsletter writer “one of the most ruthless people on the planet.” During Pearson’s time there he raised prices on products that were old but essential for patients 525% and 212%. One life saving drug went from $1500.00 a year to $300,000 a year. Yes, in many cases insurance paid, so then so did we. The company had to change its name as a result of this man’s evil deeds. The entire story reads like a salacious novel. Pearson sounds worse than Martin Shkreli. That guy went to jail.

So, I’m suggesting you just start reading. Both of these examples came from newsletters that give insight into companies; not just their numbers but the people that run them.

At the end of the post are some blogs/newsletters that you might like. Read them for three or six months or more. However long it takes to say to yourself, “yes, I get that” or “oh, now I see where he or she is going with that.”

But….don’t buy anything! Repeat after me, I won’t buy anything. There’s nothing like enthusiasm to make you jump in. Don’t! There will always be something else to buy. Remember when you bought that dress for a wedding that you kind of liked and a few days later found one you liked so much more? Or the time you found the perfect grill only to find one with a searing option the next day? Same thing.

Some people will tell you to go ahead. You’ll learn by your mistakes. NO, not in this case. We’re talking hard earned money here.

The newsletters I’m suggesting are economical or free

Before you start, a word of advice——-don’t get frustrated by the email advertising. This is the best way for these folks to get subscribers. If they aren’t pushing anything (which means the information you are getting is unbiased, then just delete it. This is how they make a living. You’ll get to know what is advertising soon enough. And believe it or not, there can be tidbits of good information in there.

Some suggested newsletters

“Retirement Millionaire” published by Stansberry Research. $79 the last time I checked. The information on Valeant is from a recent issue.

The Oxford Income Letter” published by The Oxford Club. $49 the last time I checked. The information on GlaxoSmith Kline is from this newsletter. Marc Lichtenfeld, the editor writes about dividend investing and is one of my favorite financial writers.

Humble Dollar” written by a former columnist for “The Wall Street Journal” you can subscribe for free and/follow him on Facebook. He tends to write about various financial topics. Look for my recent guest post.

Sonja HaggertComment