David J. Waldron - Build Wealth With Common Stocks: Market-Beating Strategies for the Individual Investor

B uild Wealth with Common Stocks is an individual investor-centered book using a well-planned and executed model portfolio of total-return common stocks as a real-time case study on the merits of buy-and-hold, value-based, retail-level investing. The book is for the everyday investor seeking to build or maintain a portfolio with the goal of funding significant milestones in life, such as buying a home, paying for a college education, pursuing a passion, starting a business, or enjoying a comfortable retirement.

Build Wealth with Common Stocks speaks to the retail investor who is thoughtful about the continuous improvement of investment wisdom; disciplined to conduct the due diligence toward discovering quality, publicly traded companies with common shares exhibiting wide margins of safety; and patient in waiting for the compounding of capital gains and dividends to build personal wealth over time.

If this opening is hitting home, you are encouraged to read the book and join an investment community dedicated to finding value and building wealth without subsidizing the Wall Street fee machine.

The Reader Best Served

Any individual investor, regardless of a specific niche, is encouraged to read the book as the pursuit of excellence in long-term, buy-and-hold common stock investing is broad in scope. Although the book welcomes every investor to participate and benefit, the platform best serves the following pre-retirement retail investor profiles.

• An investor who is seeking to open or maintain existing personal brokerage or tax-deferred accounts, such as a 401(k), 403(b), individual retirement account (IRA), Roth IRA, or 529 tuition plan. The investor wants to establish or build upon a self-managed, buy-and-hold investing approach to personal money management.
• An investor who retains professional money management, such as an investment advisor, broker/dealer, financial planner, or who relies on a family member to oversee their brokerage or tax-deferred investment portfolios. The investor wants to improve an understanding of the process of active portfolio management, thereby facilitating valuable communication with and adequate oversight of the money manager.
• An investor who enjoys acquiring new ideas to meet the everyday challenges of personal finance. Money is often a taboo discussion in our lives; therefore, Build Wealth withCommon Stocks is designed as a straightforward and safety-minded vehicle to explore the thoughts, ideas, and challenges of do-it-yourself investing. It is expected the investor will disagree with or outright dismiss some of the principles, strategies, and practices shared in this book; the intent is to take what is needed and to leave the rest.
• An investor already committed toor with a keen interest inthe value investing model of buying dividend-paying common shares of excellent businesses when trading at reasonable prices. The value model was invented by the late Columbia Business School professors Benjamin Graham and David Dodd and made famous by professional investors Warren Buffett, William Browne, Joel Greenblatt, Seth Klarman, Peter Lynch, Howard Marks, John W. Rogers Jr., Charles Royce, Geraldine Weiss, and Martin Whitman, among other legends.

What to Expect from Build Wealth withCommon Stocks

This book aims to create value for the reader by centering on how to screen, research, and select potential ownership slices of publicly traded companies offering enduring legacies to stakeholders, inclusive of customers, employees, vendors, suppliers, regulators, the community at large, and present or future shareholders.

Out of respect for the reader, Build Wealth withCommon Stocks rejects any short-term trading schemes for hopefulalthough improbablequick financial gains using controversial investment vehicles. Hence, the book discourages options, futures, event arbitrage, currencieswhether crypto or sovereigncommodities, trend following, short-selling, technical analysis, swing trading, momentum growth, high-yield dividends, price targets and alerts, trading algorithms, margin accounts, deep value, or any trading schemes deployed in the hopes of acquiring fast money. The author concedes those speculative ventures to professional traders, market gamblers, and the Ouija board.

Also absent is investment advice directed to the unique financial situation of the reader. Per securities laws and regulations, the text must maintain an impersonal narrative. The book is devoted to sharing broad ideas based on the authors personal experience. Consider the author an educator and well-intended enableras opposed to a stock market gurufor the benefit of the do-it-yourself everyday investor.