December 2018

2019 COLA Adjustment Announced

The Social Security Administration has announced the 2019 Cost of Living Adjustment for benefit recipients. It is 2.8% with the adjustment affecting benefits payment starting December 29.

A Good Reminder...

Buying When Stocks Are Down Big

The following post appeared on the blog Wealth of  Common Sense, an excellent blog by Ben Carlson

Captain Obvious here: It hasn’t been a great quarter for the stock market. The S&P 500 is down roughly 17%.

Global Wealth: 8 People > 3.5 Billion People. Not Kidding.

From The New Scientist.

You are probably aware that there are high levels of inequality in the world and that inequality is getting worse. But it is unlikely that you appreciate just how unequal things are. So here is a way of visualizing it.

Thought of The Day

“All of humanity’s problems stem from man’s inability to sit quietly in a room alone.”  - Blaise Pascal

Tax Changes in 2018 & 2019

Quick Reference Guide for 2019 and 2018 Federal Taxes

The following guide includes many of the most important federal tax amounts for 2019 and compares them to the amounts currently applicable for 2018 tax returns.

Federal Income Tax Rates

The Dead Don't Get No Respect

Da Vinci painted his brilliant fresco, The Last Supper, and how did they respond? They nagged at him for taking too long. Then, after he finished, they cut a giant hole in the bottom for a door.  That’s just what we do to genius. We disrespect it. We manipulate it. We mistreat it. And that’s the preferential treatment that genius gets.

How did 2017 Winners and Losers do in 2018?

The top 10 2017 winners from the S&P500 were up at least 80%. In 2018, thru 11/1/2018, the same group is only up 1.1%.

The worst 10 S&P500 stocks from last year, down an average of 40% in 2017, are up a combined 14.7% in 2018 YTD.

Active vs. Passive. The Illusory Debate

Every time I read about the “active vs. passive debate” I can feel my blood pressure go up.

There is no “debate”.  The only people perpetuating this myth are those who make a living touting active management and those who don’t know the facts.

Simple 60-40 Portfolio Beats All Ivy League Endowments over 10 years

A new report shows that the complex and expensive endowment model hasn’t proved its worth since the financial crisis.

The Amazing Aggregation of Marginal Gains

This Coach Improved Every Tiny Thing by 1 Percent and Here’s What Happen

The fate of British Cycling changed one day in 2003.