The Stingy News Weekly (01/01/2019)
Happy New Year!
What I learned at work this year
"Global emissions of greenhouse gases went up in 2018. For me, that just reinforces the fact that the only way to prevent the worst climate-change scenarios is to get some breakthroughs in clean energy." [World]
Cost of living
"Living in less costly areas can enable you to spend less and to invest more of your income. You will pay less for your home and correspondingly less for your property taxes. Your neighbors will be less likely to drive expensive motor vehicles. You will find it easier to keep up, even ahead, of the Joneses and still accumulate wealth." [Thrift]
"The costs of our active strategies are high enough without paying Uncle Sam. Capital gains taxes, when combined with transactions costs and fees, make indexing profoundly advantaged, I am sorry to say." [Taxes]
Late cycle lament
"In order to believe that U.S. equities are going to generate a 'normal' return from these levels, you have to believe some quite extraordinary things. Perhaps you believe that P/Es are going to soar to levels not even seen at the height of the TMT bubble; or perhaps you believe that profitability is going to rise (from already extended levels) so that every firm in the U.S. looks like a FAANG stock; or perhaps you believe that growth is simply going to reach unprecedented levels." [Montier]
"If we were to over simplify and say that there are three types of retirees - the non-feasible, feasible but just barely, and really rich - only the middle cohort cares about this subject and the closer to the line the bigger deal it is. This is why I took up retirement finance: fear of the line." [Retirement]
S&P/TSX60 Value Screens
DOW 30 Value Screens
|Disclaimers: Consult with a qualified investment adviser before trading. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, financial advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...