If I Had Only One Stock for the Rest of My Life

Every now and then, I’m asked a common yet somewhat annoying question by friends and fellow market experts alike…

If I could only own one stock for the rest of my life, which one would it be?

The reason it’s such an irritating question is because, even though the askers often have good intentions, they unwittingly expect a stupid answer.

They expect me to say Amazon.com Inc. (Nasdaq: AMZN), Alphabet Inc. (Nasdaq: GOOGL), or any other popular tech giant trading at multiples so high that owning the stock probably gives you vertigo…

Or a biotech company that could “change the world,” even though the odds of successfully betting on a biotech firm hitting that jackpot are extremely small

Or a driverless car company, or a drone manufacturer, or some other firm making a device that everyone expects to be ubiquitous in a few years…

Which of these super sexy and exciting businesses would I buy now and hold forever?

Not a single one, because I know the way to wealth is more than just following the same mainstream spin like everyone else.

Here’s the Deal About Buyback Stocks the Fed Doesn’t Want You to Know

Are stock buybacks good or bad?

The answer to that question can make you a lot of money.

Stock buybacks have been hotly debated in recent months.

After all stock buybacks are at record levels and have attracted the attention of politicians.

Bernie Sanders and Chuck Schumer think buybacks should be banned because all they do is make the nasty rich people richer.

Marco Rubio believes we should tax those evil corporations and their buybacks because they should be investing that money in people and research.

Warren Buffet begs to disagree.

He said recently that “Repurchases will benefit both those shareholders leaving the company and those who stay. When stock can be bought below a business’s value, it probably is its best use of cash.

And it’s what you don’t know yet about stock buybacks that will help you make your next step towards wealth

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