Monthly Archives: July 2013

The Decline of Detroit and Its Bankruptcy

Mayor Dave Bing announced the filing of Chapter 9 bankruptcy protection on July 18, 2013 for Detroit after decades of decline and economic stagnation. This bankruptcy will be the largest municipal bankruptcy in U.S. history will $18.5 billion in debt obligations being renegotiated. But the bankruptcy of Detroit didn’t just happen overnight, the city has… Read More »

Money Tree Portfolio Gained 9.4% in 4 months!

Hey guys, I just wanted to give you an update on the money tree portfolio. So far the fund gained 9.4% (without including dividends) since the inception date of March 5, 2013. Wow. This portfolio reflects my philosophy of value investing and dividend investing. I select stocks that I think have a sustainable competitive advantage… Read More »