Buy “Stuff,” Not Ideas (And Make Piles of Money)

I don’t know about you, but I like to buy and own stuff. Real tangible things that I can touch and see as I make my way through the world.

Think about your average week. You probably go to the bank, either in person or online, a time or two. You gas up the car, stop at the grocery store, drive on the freeway, work in a commercial building or office of some sort and maybe go to the doctors or dentist office. You use electricity, perhaps some natural gas to heat your home, water, gasoline and most likely relax by watching cable or satellite TV. All of this fits my definition of stuff.

Once stuff is in place it generates gobs of cash for years and often even decades. Toll roads, office building, power plants, cable systems, retail and medical real estate and even the things needed to finance, build, and maintain stuff are examples of my favorite type of investments.

Let me say that again: Stuff.

Not ideas.

This puts me at odds with most of Wall Street, since they love to push you to buy big ideas – big, abstract ideas that may or may not work out so well in the long run.

Here’s why “ideas” are a bad idea – and “stuff” will always make you way more money.


How to Teach Your Baby Investing (And Baseball)

Earlier this week my daughter and her husband took the world’s most beautiful granddaughter to her first baseball game. She went to the tiebreaker between the Cubs and Brewers at Wrigley Stadium on Monday. Although the Cubs lost, it’s really not a bad game to have as your very first. At nine months she is a little bit older than her mother was when I started taking her to games. We lived in East Baltimore when my daughter was born, and we often went to the game by bus during her first year of life.

We took in at least 20 games during her first 6 months of life, and I learned two very valuable lessons. First, when taking a baby to a baseball game, always get seating in the shade. Second, anything more than one bottle per 4.5 innings is coming back to you at some point in the afternoon.

She is a lifelong baseball fan to this day, although she doesn’t dive as deep into the numbers and minutia as her father does. My son is also a serious fan and one of the things that kept us close during those always interesting teenage years was a shared love of the game. My son-in-law is as big a baseball geek as I am and watches as many games a year as I do every year.

>>(See how baseball can make you money right here at Heatseekers.)

Now the torch is being passed to a new generation of fans. By the time she goes off to school in a few years, my granddaughter will know how to read a box score and keep track of the standings. Odds are she will have watched or at least been in the room while her parents or grandparents watch a few hundred baseball games. If she gets her athletic ability from her father, she will probably play Little League or softball. If she inherited from her mother’s side, she will just be a lifelong super fan like her maternal granddad.

Something else will be passed along as well…a generational approach to investing that will change this baby’s future for the better.

(And yours, if you pay attention…)