InvestorGeeks

Cisco and Scientific Atlanta

by Frank

Today Cisco announced that it would be purchasing Scientific Atlanta, for close to 7 Billion dollars. Which after taking Scientific Atalanta’s cash into account will mean the actual cost is closer to 5.3 Billion. Most of the sources are speculating that this is the expression of Cisco’s desire to move deeper into the consumer market. But I think that it’s more than that and Cisco already has a plan for this acquisition. (more…)

Goal Setting & Wealth

by Chris

To be successful in this life, either personally, financially or otherwise, you have to have goals. It’s not just something our parents and counselors have been babbling about our whole lives; it’s a fact. Even those who aspire to be successfully lazy must set a goal to be adequately lazy each and every day! So as in any other endeavor, being an investor requires a little goal setting.

“If goals are imperative, then what goals shall I have?” you may be asking yourself. Whatever the goal may be, it must have some purpose, and it must have smaller sub-goals so you can consistently have small victories (a very real morale boost). I often run across people who choose $1 million dollars as a goal because they want to be a millionaire. But really what does that mean? A millionaire today is not the same as a millionaire in 1905, and will not mean the same thing in 2055. With an annual inflation rate of 3.5% for the last 80 or so years, a million dollars looses half its value every 20.2 years.

It’s frustrating to see such a purposeless goal — floating about without any foundation — because without a purpose a goal is just an arbitrary target that is too easily changed at a whim. A goal must have meaning and a foundation on something real. Fear not though, for I am here. I present, for your consideration, my milestones…

My Milestones
1. Total Investments of $150,000
2. Total Investments of $500,000
3. Total Investments of $1,000,000
4. Every-day Wealth
5. Uncommon Wealth

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