Buying the ‘B’ Share (Oct 2007 Progress Report)

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As I described in an earlier post, one of my financial goals is to buy a single B share of Berkshire Hathaway (BRK.B). Berkshire Hathaway is run by Warren Buffett, and I think it is a great alternative to a large cap mutual fund.

As part of my goal, I’ve committed to saving for the B share only through income I generate from this blog or other passive sources. In other words, I won’t use any of my income from my day job or from savings to buy the B share. Why am I limiting myself in this way? Because I want to show myself (and you) that small, incremental savings can make a huge difference given enough time. I want to see if saving a few bucks at a time can really make a difference. I believe it can (actually I know it can), but seeing is believing.

So where do I stand? Well, you’ll see I’ve added a progress bar in the right sidebar to track my goal. Through October 31, 2007, I’ve saved $395, or about 9%, toward my goal. Here is where the money came from:

  • $0.35 (check from my insurance company)
  • $13.08 (loose change and interest earned)
  • $345.67 (blogging income–I’ll write more about this later)
  • $36.35 (refund checks, another $0.35 check from my insurance company)

This brings my total to $395.45! I’ll update my progress bar as new money comes in and as the price of the B share changes (this is where a drop in share price would be really great!), and then update this post at the end of each month.

Update: The progress bar has been taken down because I’ve reached my goal! Check out this post on buying partial shares of stock.

Published or Updated: April 3, 2014
About Rob Berger

Rob founded the Dough Roller in 2007. A litigation attorney in the securities industry, he lives in Northern Virginia with his wife, their two teenagers, and the family mascot, a shih tzu named Sophie.

Comments

  1. Pinyo says:

    That’s a very cool demonstration. Best of luck with this. I’m sure you will be a proud owner of B share in no time.

  2. speedy says:

    A B share is one of my goals, too, except that I am going to buy it though regular investment in a Roth IRA. With all the gains the share will make, why would I want to pay taxes on it? ; – D

    It will be fun to check out your website in the months to come to see how quickly you reach your goal!

  3. DR says:

    Speedy, thanks for the comment and good luck with the B share. Interesting point on the taxes. Buffett is not one to pay dividends, although I think the day is coming when his return on equity will diminish, causing him to pay a dividend, but you never know.

  4. shawnchong says:

    DR, you should consider putting up a PayPal donations link somewhere on your homepage! It’ll add substantially to your blogging income. I know I’d donate $1 to you for the content I’ve read on your page.

  5. RandomVandal says:

    i wanna know how u made 350 in a day with this blog. do u mean you have a gambling addiction and blogging is saving you on average 350 a day? sorry i couldnt help but write a sarcastic coment after reding in antoher one of your posts how you even appreciate the rude comments.

    Youve been RandomVandaled

    http://www.randomvandal.wordpress.com

  6. DR says:

    RandomVandal, thanks for the comment, I think. $350 was for the month of October, not a day. And for others reading this, RandomVandal’s comment that I appreciate even “rude comments” comes from a post I wrote after my first 30 days of blogging. You can read it at http://www.doughroller.net/2007/06/27/30-things-i-learned-in-my-first-30-days-of-blogging/ (look at item #19).

  7. randomvandal says:

    even so thats still a lot of money, what kinda traffic do you get here?

  8. DR says:

    It varies, of course, but so far this month I’ve had about 9,000 visitors.

  9. BTGNow.net says:

    I had this idea too, though I planned to simply invest a huge chunk of my income from an upcoming work contract. Just a question after reading one of your other posts: by owning fractional shares, are you still considered an “owner”? Or wold you be 1/5th of an owner, or whatever?

    • DR says:

      BTGNow, you are considered an owner even with fractional shares, and I could have attended the Berkshire Hathaway annual stockholders’ meeting this year, although my schedule didn’t work out. Maybe next year!

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