This time of year my thoughts seem to be less focused on investing, saving, and blogging than they probably should be. Admittedly, I’m spending a lot less time on the computer these days, and a lot more time outside!
When the weather is nice here in the Pacific Northwest, the Tako family gets outside as much as we can!
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Every once in awhile a new investing book (or personal finance book) comes along that gets an incredible amount of attention. It’s on all the best seller lists. Everyone on your Twitter feed is talking about it. Amazon reviewers give it glowing 5-star reviews, and many people you respect and follow are recommending it.
It seems like the book is the best thing since sliced bread.
Any time I see this much positive buzz, I get skeptical. Maybe it’s the contrarian in me, but all that marketing looks like a giant flashing-red warning sign…
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After spending nearly all of 2020 cooped up in the perpetually damp Pacific Northwest, Mrs. Tako and I decided it was finally time for a family vacation. Things are finally starting to open-up again after COVID-19, and we wanted to go someplace that was warm, loaded with good food, and someplace new to us…
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Has it really been two weeks since I last posted here? Time flies when you’re having fun I guess! With the kids are out of school, and summer well underway, we’ve been on vacation for the past two weeks!
Our most recent adventure took us to Arizona, where we soaked up loads of the southwestern sunshine and plenty of mesquite grilled tacos…
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In a recent post, I wrote about the incredible returns that can be achieved by being a long-term shareholder. But finding stocks that can actually survive 20+ years is trickier than it sounds. Back in the 1950’s, corporations in the S&P 500 had an average lifespan of 61 years. Finding long-lived stocks wasn’t a problem then.
However, in recent years the life-expectancy of publicly traded stocks has diminish significantly…
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With meme-stocks constantly in the news these days, the investing media spends a lot of time (perhaps too much) talking what meme stocks are doing on any given day.
“Gamestop shoots up 20% today!” “Investors retreat, as BBY crashes by 25%!” “AMC spikes 100% in a single day!”
Every day it’s the same nonsensical reporting about the stock price of each touted meme stock…
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With most of the population in Washington state getting vaccinated by the end of May, things have finally started to open back up again. The pandemic is subsiding here, and it seems like life is (slowly) returning to normal.
As you might expect, our travel adventures resumed in May as well. We took full advantage of the fine May weather, and went camping on Washington’s coast, near a small town called Ocean Shores…
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Investors like to believe they make rational decisions based on available data. Do they really though? We know from experience that humans are far from completely rational beings. People get emotional and make mistakes all the time. There’s also a large number of cognitive biases we have to contend with…
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Clearly, you are a genius. Every investment you’ve made this year is up over 15%. Your decision to buy that [XYZ] asset was outstanding and clearly the correct decision, because the market price has gone way-way UP since you purchased it! I bet it’s tough being so smart!
Warren Buffett had better look-out, because you’re clearly gunning for the title of “World’s Best Investor”. He doesn’t stand a chance compared to your stock picking ability!
Some of your “not so great” investments are even doing pretty well…
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