Getting my girlfriend excited about saving money!

I was surprised when my door burst open earlier this week and future Mrs. TimeInTheMarket ran in with a sheet in her hand.

“Look,” she said pointing to sheet, “I gained $364 this year!,” she continued with an excited tone to her voice.

I was a bit confused as she had never been one to get excited about money before. We’ve  talked about my portfolio and my desire to retire early in the past but they were never conversations she was too eager to have.

In fact the below cartoon captures her interest in the subject perfectly as resorts to nodding half the time when I start talking finances and eventually just tells me that’s my area of our life to handle, not that I mind!

mutual funds boring comic

In any case, she gave me the paper and I was intrigued to see that it was her simple IRA statement. Were we really going to have a conversation about stocks and retirement accounts that I didn’t start? Continue reading “Getting my girlfriend excited about saving money!”

Recent purchase – The Madison Square Garden Company(MSG)

Guys, I own a piece of the Knicks now!

I’ve always been a basketball fan and the recent purchases of NBA franchises at increasingly higher prices has led me to take a closer look this stock. There aren’t a ton of ways to invest in sports teams with only a few publicly traded companies offering investors an opportunity to do that and MSG is one of those.

My recent portfolio update showed me lagging behind on my mid-cap allocation and MSG fits that criteria with a market cap just above 5B. The stock has had a solid year and is up 24% YTD. I never looked at the stock before but the not so recent spin off of MSG Networks, the under performing cable assets the company used to own has made it an intriguing proposition.

MSG owns the Knicks but also owns a variety of other assets most notably the Rangers, the most valuable NHL team and the MSG arena.

Valuing an trophy asset such as a basketball team is very tricky. Forbes does an annual list of NBA valuations which has the Knicks listed at 3.3B for 2017 so that’s a good starting point but how does that valuation compare to the actual amount people are willing to pay to own such a unique luxury asset. The recent purchase of the Rockets at 2.2B gives me a good start pointing but it’s also worth looking at a few other recent NBA teams that have changed hands as well.  Continue reading “Recent purchase – The Madison Square Garden Company(MSG)”

George Risk Industries Inc.(RSKIA) Stock Analysis

I’m always on the lookout for solid values but it takes a really solid value for me to pull the trigger and actually buy something.

I’m also a firm believer that research is the keystone of a good investment and I simply haven’t had time lately to get the research I want done on stocks that look interesting.

That’s one of the reasons why I only own three individual securities and keep most of my money in index funds and ETFs. It’s simply easier to buy ETFs when you have no time to research individual stocks.

Thankfully, I have gotten to a point where my work allows me ample time to do research on individual stocks and plan to start investing more in individual securities. This is the first of what I hope will be many articles that will discuss my analysis of a stock and my decision regarding a potential purchase.

If you’ve read my blog before, you know that my asset allocation plan has a 10% allocation to small-cap stocks so I’m willing to take additional risk in search for long-term results. All of my small-cap holdings are in mutual funds that spread the risk across a massive group of securities but that recenlty changed as I initiated a position in George Risk Industries Inc.

Let’s talk about George Risk.

Continue reading “George Risk Industries Inc.(RSKIA) Stock Analysis”