Yes, you need to sell, but you need to get paid for what you sell! What if your customer is having cash flow trouble? Worse, what if your customer goes under? Or more annoyingly, what if your customer is perfectly able to pay but simply chooses to be late, pocketing a little extra interest on the money for a while longer?
EFTs were not as popular when this book was written in 1998 as they are now, but Spiders (an EFT that tracks the performance of the S&P 500 index) had been available for 5 years old. But a simple way to invest in the broad market is too easy for these brothers. The Fool would rather have you spend your evenings analyzing Annual Report.
Other people think that if the credit card company reports the bill as a “charge off” and deletes it from their books that it relieves them of their responsibility to pay.
Over the long haul (and yes, it’s occasionally a very long haul), stocks are the only asset class that has consistently beaten inflation. The reason is obvious: over time, good companies grow and make money; they can pass those profits on to their shareholders in the form of dividends and provide additional gains from higher stock prices.
Finance. The company’s earnings statements should be in this section. Staff may be asked for the latest company annnual report or recent news articles about the company’s latest earnings report.
Firstly to an example. Back in the mid 90’s I joined an Investment club in the UK. I knew a couple of the members from a local health club I was a member at. Knowing that I was (a) keenly interested in investment and (b) more knowledgeable than most of them, I was invited along.
If you are a professional team spread across the globe and working together on a project, Google Docs is your best tool for a more collaborative work.