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Now this is huge. ITunes finally surpasses Walmart as the biggest music retailer in the United States. They have sold a whopping 4 billion songs since 2003. Though I am not a big fan of Apple’s business models where they very well could charge you even for calling out their name too loud and I have never owned an Apple product (ok, but for this one :D), I must say this is a major breakthrough for the company. All said and done, I must admit, they are a hip company with really hip products and a lot of people love them which is what matters to me. How you ask? Well look here. I have invested heavily in this money minting company. I’ve managed to develop some nerves of steel with the stock’s journey from 200 all the way down to 115 and back up to 150+ now. Just because I believe the iPhone is going to be the next iPod or even better. In fact, there have been a few signs in that directions lately (iPhones running out of stock!).

Coming back to Apple, due credit, I must say, should go to Steve Jobs for turning around an underdog into one of the coolest companies in American history. Some analysts predict that Apple might turn out to be the first trillion dollar company in the world. Now that might be a stretch and could take quite a while too, but I’d not be surprised if they come up with the next killer product that might change the fortunes of the company overnight. They might already have?

Here is the ITunes news link

Just added a page for my portfolio. It’s a work in progress, so please do keep checking back.

Link here

Though the title of the article is a little cheesy, the tips Mr. Bogle gives here make a lot of sense.

Once you decide to put your money to work to build long-term wealth, you have to decide, not whether to take risk, but what kind of risk you wish to take. Here are 10 investing rules that can make you rich:

1. There’s no escaping risk

Once you decide to put your money to work to build long-term wealth, you have to decide, not whether to take risk, but what kind of risk you wish to take.

Yes, money in a savings account is dollar-safe, but those safe dollars are apt to be substantially eroded by inflation, a risk that almost guarantees you will fail to reach your wealth goals.

And yes, money in the stock market is very risky over the short-term, but, if well-diversified, should provide remarkable growth with a high degree of consistency over the long term.
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