Book Archives - Zxcoachoutlet

Occidental Petroleum Is Well Below Tangible Book Value

October 5, 2020

a close up of a sign: A magnifying glass zooms in on the Occidental Petroleum (OXY) website.

Occidental Petroleum (NYSE:OXY) stock is down 16% in the past month and even over 75% in the year-to-date. OXY stock is wavering at 70% of its estimated $14.05 common stock tangible book value per share (TBVPS).

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It’s likely that OXY stock will drift further down if oil does not rebound and if its TBVPS deteriorates. But in the near to long term, I believe that OXY stock will move higher as economic mobility increases.

In addition, as Covid-19 vaccines start to slow down the spread of the pandemic in 2021, the price of oil should rise. This will slowly push up OXY stock

Essentially, then, now is a good time to accumulate the

I Bought Fidus Investment: 12% Yield And 35% Below Book (NASDAQ:FDUS)

October 4, 2020

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Introduction

This article is part of a series discussing how to build a retirement portfolio using business development companies (“BDCs”) currently yielding over 12% and their safer notes – baby bonds/preferred shares with yield-to-maturities ranging from 6.5% to 10.0%. The previous article discussed Golub Capital (GBDC) which is a lower yielding BDC that typically implies a “safer” portfolio and/or sustainable dividend coverage.

BDC Buzz Starts a Position in FDUS

I recently started a position in Fidus Investment (FDUS) because I believe that there’s a good chance for a total return potential of 30% or higher over the next 12 months as discussed at the end of the article. My subscribers are well aware that I often wait for stocks to have a relative strength index of (“RSI”) of close to 30 before buying. This is the definition from Investopedia:

The relative strength index (RSI) is a momentum indicator developed by

Dow ends 329 points higher, but stocks book worst month since March as fiscal stimulus hopes fade

September 30, 2020

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U.S. stock indexes closed higher Wednesday, but booked their worst month since March, as hopes faded for another round of fiscal stimulus from Washington ahead of November’s election.

Market participants also were wary of a potentially contested November result following Tuesday’s rancorous first presidential debate.

The Dow Jones Industrial Average
DJIA,
+1.19%
rose 329.04 points, or 1.2%, to close at 27,781.70, while the S&P 500 index
SPX,
+0.82%
gained 27.53 points, 0.8%, to end at 3,363. The Nasdaq Composite
COMP,
+0.74%
finished 0.7%, or 82.26 points higher, at 11,167.51.

For the month, the Dow closed 2.3% lower, the S&P 500 down 3.9% and the Nasdaq Composite ended off 5.2%, marking the first monthly decline for each benchmark since March which saw the low point of the sell off resulting from the coronavirus pandemic.

On a quarterly basis, the Dow advanced 7.6%, the S&P 500 rose 8.5% and the Nasdaq Composite

New Book Advocates Declaring Your Own Personal Championship Season

May 4, 2020

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In Becoming Your Own Champion, Duane Martinz teaches readers how to achieve success by creating their own rules to play by. His energetic cry is to declare your own championship season and then do whatever works for you to become a champion.

Early in the book, Duane talks about how too many people sarcastically say when asked how they are, that they are “living the dream.” They act like life is a sentence they are serving rather than a gift they can enjoy, and they fail to seek out opportunities to improve their situations and live life on their own terms.

Duane knows the reason that holds most people back is a negative attitude and a failure to believe they can succeed. Rather than focusing on the bad things that happen and using those as our excuses for not moving forward, he suggests: “How about claiming that everything that happens … Read More

Money Secrets Of The Amish by Lorilee Craker – Personal Finance Book Review – Bartering and Gifting

May 4, 2020

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Challenging economic times inspire people universally to make wise financial decisions. Whether it’s choosing to repair a vehicle instead of purchasing a new one, or investing in simple pleasures vs. opulent outings, such behaviors are proliferating. One culture that has always lived austere, yet meaningful lives is the Amish. Increasingly, people are intrigued by their lifestyle; and wonder what aspects of their living they could comfortably imitate.

Lorilee Craker is the author of the new book, “Money Secrets Of The Amish-Finding True Abundance in Simplicity, Sharing and Saving.” She examines their lifestyle, which is extravagant in peace, family and community closeness. For them, thrift is a muscle that is exercised regularly.

Craker interviewed Amish folk in Michigan and Pennsylvania, including an Amish banker whose clientele is 95 percent Amish. During the Great Recession in 2008, his bank had its best year ever. Amish experts and Englishers’ (Amish reference to anyone … Read More

New Book Focuses on How to Handle Business Growth Beyond Sales

May 4, 2020

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In Sales Won’t Save Your Business, “Super” Joe Pardo answers the questions business owners have about how to create a viable and successful business beyond just selling. The book’s title is very apt because, as Joe points out, selling a lot of your product won’t help your business if you don’t have an effective team in place to handle customer service and you don’t have the right processes and procedures in place to prepare for the growth that results from sales. As a result, Joe takes the reader on a journey to the TOP by dividing the book into three parts that focus on Team, Offer, and Process.

Following a foreword by Lee Cockerell, Retired Executive Vice President of Walt Disney World® Resort, Super Joe jumps right into telling it like it is by asking readers to recall why they started a business in the first place, what is the … Read More

Money Secrets Of The Amish by Lorilee Craker, Personal Finance Book Review – Buying Bulk and Foodies

May 4, 2020

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Challenging economic times inspire people universally to make wise financial decisions while still enjoying life. One culture that has always lived an austere, yet meaningful existence is the Amish. Increasingly, people are inspired by their lifestyle; and seek ways to simplify their own lives.

Lorilee Craker is the author of the new book, “Money Secrets of the Amish-Finding True Abundance in Simplicity, Sharing and Saving.” She examines their practices, extravagant in peace, family and community closeness. For them, thrift is a muscle that is exercised regularly.

Craker interviewed Amish folk in Indiana, Michigan and Pennsylvania, including an Amish banker whose clientele is 95 percent Amish. During the Great Recession in 2008, his bank had its best year ever. Amish experts and Englishers’ (Amish reference to anyone non-Amish), financial perspectives accentuate the book too. Here, two money-saving habits of the Amish are highlighted: buying in bulk and being authentic foodies.

Amish … Read More

The Smartest Money Book You’ll Ever Read by Daniel R. Solin – Book Review

May 3, 2020

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| money

Title and Author: The Smartest Money Book You’ll Ever Read by Daniel R. Solin

Synopsis of Content:

Similar to his prior books in The Smartest Book You’ll Ever Read Solin provides a succinct and short chapters on how to manage your money and plan your finances.

Solin begins with a discussion of the bad things that can happen to us all that will lead to financial problems or even crisis. This section is no doubt influenced by the severe economic recession of the past four years. After that the book covers and basics for smart money management including:

The importance of managing your money and saving;
Understanding your financial position through focus on net worth and budgeting;
The importance of paying off and avoiding debt;
The pros and cons of investing in your home, or what he calls the Home Dilemma;
The pros and cons of insurance;
The

New Book Teaches Freedom From the Money Messages That Hold Us Back

May 3, 2020

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In Money Messages: Get Out of the Red and Into the Green, Emotional and Financial Freedom to Transform Your Life, Jody Robinson and Karen Putz come together to create a powerful book that teaches people how to look at their relationships with money and then transform them into emotional and financial freedom. Robinson is a wealth manager who has been involved in all aspects of financial planning, from wealth management and portfolio construction to tax and insurance planning. When Jody put out the call for co-writers, Karen Putz approached her to co-write this book because Karen’s mission to help people find their personal passion complemented Jody’s desire to help people live better quality financial lives. Putz is a deaf water skier and the author of several books, including Unwrapping Your Passion. Together, they have created this insightful, thought-provoking look at how we can all improve our relationships with money.

The … Read More

New Book Offers Practical Tips for Achieving Financial Security

May 1, 2020

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In Your Money and You: How to Increase Your Chances of Achieving Financial Security, Deborah Ellis, a longtime Certified Financial Planner (CFP), offers readers a plethora of information about stocks, bonds, saving, investing, allocating your investments, and even individual advice for people in different industries. While the book is full of information, it’s also written in a highly accessible manner. Ellis shares her personal stories of how she began saving money as a child and young woman, how her aunt taught her how to invest and buy stocks, and how things have changed in the decades since she began saving. Her personal experiences then branch into her professional experiences with clients and with years of investing in the market.

I know investing can be scary and confusing, but that’s usually due to a lack of information or the fear that we won’t understand the information. As Ellis shows us, investing … Read More