Warren Buffett’s annual letter to Berkshire Hathaway shareholders is out, and it’s full of wisdom from the Oracle of Omaha. In it, Buffett, the 86-year-old CEO of the company, offers his thoughts on American business and, by extension, the US stock market. “America’s economic achievements have led to staggering profits for stockholders,” Buffett writes.
“Bob’s a slow learner,” my instructor says after I tell him why I’m taking his class. The class, FP103 — Investments — is one of seven I must complete before I sit for the Certified Financial Planner exam. And the reason I told my instructor and fellow students — the reason I’m sitting in room 323B in Boston University’s College of Arts & Sciences building on Thursday evenings from 6 p.m. to 9 p.m. this semester instead of watching the Bruins or reading a biography of Abraham Lincoln or painting my daughter’s bedroom -- is that I plan to finish what I started in 1990. Yes, I plan to get my CFP. In my investment class, I’m one of 16 students, including a 20-something CPA, a 30-something business
Plus, the first day of every month, a specific amount from my checking account is sent directly to my Roth IRA and my Ally high-interest savings account. Since my savings goals are taken care of each month — along with my fixed costs, such as rent and insurance — I feel free to spend the rest of my paycheck as I please. My system is a seemingly well-oiled machine: At the end of the day, I cover my expenses and set aside enough to hit my savings goals.