Principles, strategies, and practices that led an everyday investor’s family portfolio to outperform its market benchmark since 2009.
Written for individual investors by an individual investor, in Build Wealth with Common Stocks, investor and author 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 moving forward during the endless roller coaster of market cycles.
On Outperforming Wall Street
Learn how the individual investor on Main Street, despite limited capital, 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, discover why investing is ’90 percent half’ common sense.
On Patience
Why 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.
On Productive Fear
How a portfolio constructed on this beneficial fear can outperform a basket thrown together from the unproductive fear of missing out.
On Taking Ownership
Stop placing bets on stocks and do this instead.
On Active vs. Passive Investing
Find how to screen for the best companies in a sector, reserving the benchmark 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.
On the Death of Value Investing
Value investing is never dead; it’s just less popular than short-term growth stories. Value prevails as long as there are financial markets or farmers’ markets.
On the Benefits of Self-Directed Investing
Build your beach or lake house instead of your financial advisor’s.
On Assessing Risk
Discover which investing risks are worth taking and which are best to avoid.
On Being a Defensive Investor
Outperform the market by managing the downside while allowing the upside to take care of itself.
Read Build Wealth with Common Stocks and become the informed investor who builds and maintains an investment portfolio with the potential to outperform the market or, more importantly, funds your’s or your family’s life goals and milestones.
So why not click the buy button right now and learn to achieve superior stock market returns with limited capital but lower costs and less risk.
Copyright 2021 by David J. Waldron. All rights reserved.
Daftar Isi
ACKNOWLEDGMENTS
INTRODUCTION
PART I: PRINCIPLES
1 Get Rich Slow
2 Filter the Noise
3 Compound with a Margin of Safety
4 Apply Common Sense
5 Practice Patience and Discipline
6 Own Companies Instead of Trading Stocks
7 Buy Fear and Sell Greed
8 Hedge as an Alternative to Indexing
9 Create Wealth with Total Return
10 Embrace an Enduring Market Truth
PART II: STRATEGIES
11 Define the Value Proposition
12 Quantify Shareholder Yields
13 Measure the Return on Management
14 Weigh Valuation Multiples
15 Assess Downside Risk
PART III: PRACTICES
16 Construct a Common Stock Portfolio
17 Manage Portfolio Allocation
18 Control Portfolio Costs
EPILOGUE
RESOURCES
NOTES
ABOUT THE AUTHOR
Tentang Penulis
David J. Waldron is an individual investor and the author of self-improvement books for those seeking to achieve the personal and professional goals that matter most in their life. He earned a Bachelor of Science in business studies as a Garden State Scholar at Stockton University and completed The Practice of Management Program at Brown University. Learn more at davidjwaldron.substack.com.
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