February 2019

An Entire Sleeve of Oreos

As the first waves of taxes get prepared, many are finding that they are not getting as large a refund as they expected.  This is often due to reworked withholding tables as the IRS tried to make it so fewer taxpayers gave Uncle Sam an interest-free loan this year.  This is rational, logical, and surprisingly proactive.  People are losing their minds about it.  There are two main critiques: 1) an assumption that taxes went up 2) this messed up a savings vehicle.  My initial response was that the people complaining about this are unreasonable since most people’s taxes didn’t go up.  Then I remembered something very important. I Cannot Trust Myself I simply cannot trust myself to eat a responsible amount of Oreos in one sitting.  The serving size for Oreos is three cookies.  Three!!!  Double Stuf Oreos have a serving size of two freaking cookies.  This is completely insane. …


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Tidbits and the Hardest Thing About Investing

2019 has been great for investors as the S&P 500 gained 8.86% so far (through 2/4/2019) in reaction to the release of my investment philosophy.  Ok, maybe there were other factors at play.  If you missed the posts, portfolios should be Risk-Aware, Focused, Elegant, and Realistic.  There were also some investing concepts that just didn’t fit in this framework, but deserve mention.  Each of these could be a post of their own, especially the hardest thing about investing. Time as a Factor Factor investing tries to identify characteristics of stocks that move up to gain an edge over market-cap based indexes.  Factor investing has gained traction over the past few years, beginning with dividend and low volatility funds.  Now most investment firms have agreed on four factors – value, size, dividends, volatility, quality, momentum, revenues, profitability, and liquidity.  Yes, that’s nine factors, but most product sellers use a maximum of…