Stingy Investor Contact - Subscribe - Login
  Home | Articles | Screens | Links | SNW | Rothery Report
New Stingy Headlines

 11/27   The Stingy News Weekly: November 27, 2020 
 11/27   Value 
 11/27   Boring 
 11/27   Enough 
 11/27   Influence 
 11/22   The Stingy News Weekly: November 22, 2020 
 11/22   Canadian bills lose legal tender status 
 11/22   Delaying CPP 

Most Recent Stingy News

The Stingy News Weekly: November 27, 2020
11/27/20 9:22 PM ESTSNW
This week we have thoughts on saving, early retirement, envy, and more.
More SNW: The Stingy News Weekly: November 22, 2020
The Stingy News Weekly: November 8, 2020

11/27/20 9:05 PM ESTBehaviour
"We begin our lives as growth stocks, but end our lives as value stocks."
More Behaviour: Enough

11/27/20 9:04 PM ESTRetirement
"So that's my verdict after four years of early retirement: boring."
More Retirement: Delaying CPP
Sequence risk

11/27/20 9:03 PM ESTBehaviour
"For me, enough is acknowledging the line between satisfaction and excess."
More Behaviour: Influence
Unfortunate social distancing

11/27/20 9:02 PM ESTBehaviour
"We all like to think we're independent thinkers who weigh the evidence and reach our own conclusions - and yet there's ample evidence that our views are heavily influenced by those around us, whether we're choosing presidential candidates, bottled water or mayonnaise. This extends to financial matters, sometimes with grim consequences."
More Behaviour: Unfortunate social distancing
Seems so easy

The Stingy News Weekly: November 22, 2020
11/22/20 9:18 PM ESTSNW
This week we have horses, homes, value, legal tender, and more.
More SNW: The Stingy News Weekly: November 8, 2020
The Stingy News Weekly: November 1, 2020

Canadian bills lose legal tender status
11/22/20 8:35 PM ESTMarkets
"The Bank of Canada issued a reminder on Thursday that hundreds of millions of $1, $2, $25, $500, and $1,000 bank notes will have their legal tender status removed as of Jan. 1, 2021."
More Markets: Day traders lose money
Great company, wrong price

Delaying CPP
11/22/20 8:19 PM ESTRetirement
"Delaying CPP and Quebec Pension Plan (QPP) payments is the surest way to secure lifelong income, MacDonald said, but very few Canadians are taking advantage. More than 95% of Canadians start taking their CPP/QPP benefits at 65 or earlier, and fewer than 1% wait until they're 70."
More Retirement: Sequence risk
One-page plan

Day traders lose money
11/22/20 7:46 PM ESTMarkets
"Large increases in Robinhood users are often accompanied by large price spikes and are followed by reliably negative returns."
More Markets: Great company, wrong price
The dead versus the living

Great company, wrong price
11/22/20 7:41 PM ESTMarkets
"The one thing he would point out is his strong belief that there is a difference between a company and its stock price. He believes that when a stock price underreacts to great things, or overreacts to terrible things, this creates opportunities. He also believes that you can pay too much for a good company. He believes this, because as mentioned above, he covered tech stocks during the tech bubble and its aftermath."
More Markets: The dead versus the living
The risk-free asset

Don't count out value
11/15/20 5:07 PM ESTStingy Investing
"The announcement buoyed the market and value stocks in particular. I've been investing for almost three decades and don't remember a time when several of my stocks gained more than 20 per cent in a single day. But it happened on Nov. 9, when advances north of 5 per cent seemed to be the norm for value stocks." [$]
More Stingy Investing: There and back again
Fizzy giants

Homes in a bubble
11/14/20 7:24 PM ESTReal Estate
"The bad news is all previous history came at higher mortgage rates. The average 30-year fixed mortgage rate fell below 3% for the first time in August 2020, and rates are close to the lowest possible levels given the credit risk and costs of writing mortgages. It's one thing to be a peak valuation, it's another to be at peak valuation with no discernable upside."
More Real Estate: Workers cannot afford rent
Property ladders

Locking it in
11/14/20 7:09 PM ESTWorld
"Regardless of how long the current downturn lasts, we believe current oil prices are unsustainable as they trade below the breakeven price of most major producers."
More World: The Global Market Portfolio
Emerging concerns

Horses for courses
11/14/20 6:21 PM ESTValue Investing
"Had you bet on large growth in the early '60s after it had built up a lead on small value over half a decade, you would have missed one of the best opportunities to bet on the opposite horse. Had you done it again in 1974 when large growth had really pulled ahead by double digits, you would have missed out again. Same for the early '90s and, of course, March of 2000. Today, large growth is way ahead of small value."
More Value Investing: Value waves the white flag
Combining value and profitability

A work-from-home tax
11/14/20 6:16 PM ESTTaxes
"One economist thinks there are negative externalities and even net costs to the individual in working from home; the other thinks it is an inarguable optimum"
More Taxes: Moving in a canoe
Tax-loss harvesting alpha

Sequence risk
11/14/20 6:15 PM ESTRetirement
"Financial planners are keenly aware of, and routinely warn clients about, sequence risk; that is, the possibility of facing a sequence of low returns early in retirement that may force retirees to scale down the plans they had made. This really is a scary scenario, but one that the evidence here shows that retirees are not very likely to encounter. A new and refined definition of sequence risk is advanced in this article, linking this type of risk to the sustainability of a withdrawal strategy. Furthermore, three ways of assessing sequence risk are proposed, among them one that enables a retiree to monitor the sustainability of his withdrawal strategy periodically and to introduce adjustments when necessary. The ultimate message of this article is that retirees should be informed, but not obsess, about sequence risk."
More Retirement: One-page plan

The Stingy News Weekly: November 8, 2020
11/08/20 7:26 PM ESTSNW
This week we have hobbits, zombies, plans, pairs, and more.
More SNW: The Stingy News Weekly: November 1, 2020
The Stingy News Weekly: October 24, 2020

There and back again
11/08/20 1:28 PM ESTStingy Investing
"COVID crashed into the market this spring and appears to be returning for a second round. It's only natural for investors to worry that the market may plumb its March lows again. While some concern is warranted, I'm going to flip the pessimistic view on its head and seek stocks that fell hard in the spring but came back again." [$]
More Stingy Investing: Fizzy giants
Look to the long term

The dead versus the living
11/08/20 1:27 PM ESTMarkets
"In this short research note, we will explore the current state of the zombification of stock markets across the globe as this is bound to change dramatically over the next few months and years. More zombies will emerge, and they will haunt the living."
More Markets: The risk-free asset
Memory gets in the way of a jolly market

ETF pairs for tax-loss selling
11/08/20 1:19 PM ESTIndexing
"A quick recap: effective tax-loss harvesting with ETFs involves selling a fund to realize a capital loss and immediately replacing it with a similar fund that would not be considered 'identical property.' According to the Canada Revenue Agency, two index ETFs are identical property if they track the same benchmark."
More Indexing: Look under the hood
Index Investors in the pandemic

The risk-free asset
11/08/20 1:15 PM ESTMarkets
"Blitz found strong evidence that the risk-free rate used in asset pricing models is misspecified, as the empirical evidence provides support for intermediate-term Treasuries as the more appropriate benchmark. In addition to the empirical evidence, economic theory posits that the one-month rate is not a riskless rate for investors with horizons beyond that term. His findings help explain at least part of the equity risk premium puzzle. In addition, the evidence helps explain the performance of low-beta stocks."
More Markets: Memory gets in the way of a jolly market
In defense of the IPO

Archive: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Submit a Story

The Rothery Report

Login | Learn More & Subscribe | Gains

Stingy News Weekly

The Latest Edition

Follow Stingy Investor at

RSS | Twitter | YouTube

Search Stingy Investor

Read Norm's Articles in

The Globe & Mail
Canadian MoneySaver
Article Library


Asset Mixer
Periodic Table

Stingy Stocks
+15.8%/yr (CAGR)

2018: New Picks (for subs)
2017: Up 58.3%
2016: Up 8.4%
2015: Down 1.4%
2014: Up 6.9%
2013: Up 37.8%
2012: Up 10.9%
2011: Down 16.1%
2010: Up 69.4%
2009: Up 64.5%
2008: Down 40.1%
2007: Down 5.5%
2006: Up 28.9%
2005: Up 29.2%
2004: Up 29.8%
2003: Up 33.8%
2002: Down 1.9%

Defensive Graham Stocks
+15.6%/yr (CAGR)

2018: New Picks
2017: Up 12.8%
2016: Up 1.6%
2015: Up 2.2%
2014: Up 5.1%
2013: Up 19.0%
2012: Up 26.6%
2011: Up 4.1%
2010: Up 2.3%
2009: Up 2.2%
2008: Down 6.5%
2007: Up 34.4%
2006: Down 3.8%
2005: Up 46.6%
2004: Up 32.2%
2003: Up 56.8%
2002: Up 28.2%
2001: Up 20.2%

Top 200
+14.6%/yr (CAGR)

2018: New Picks
2017: Up 13.5%
2016: Up 2.8%
2015: Up 2.1%
2014: Up 2.3%
2013: Up 55.0%
2012: Up 13.4%
2011: Down 4.2%
2010: Up 19.7%
2009: Up 41.0%
2008: Down 32.9%
2007: Up 16.2%
2006: Up 37.6%
2005: Up 57.6%

More Stingy Investing

Don't count out value
There and back again
Fizzy giants
Look to the long term
A sleepy approach to dividend investing
Dividend investing success
Falling dividend yields
A nearly two century winning streak
Moving average momentum
Value stocks are cheap
On the risks of concentration
Standing on the shoulders of giants
The bull market is back
Grim times for dividend investors
When the TSX escapes the bear
Investing in bad times
Look to Balanced Bob
Buying a bear market
Momentum down
A more generous strategy
Asset Mixer Update
Periodic Table Update
An inevitable market downturn
The power of reinvesting dividends
Asset Mixer Update
Periodic Table Update
The flip side of tax-loss selling
Dividend investing under the microscope
Graphing Dividends
The Champagne portfolio
How to invest a cash windfall
Dividend Monsters
The Acquirers Fund
The hot potato portfolio
The Perch Portfolio
The Return Gap
Personalized Returns
The gap
The perch portfolio
Sludgy advice
The Frugal Dividend portfolio
Dividends plus low vol
Two returning megastar stocks
Top 1000 stock picks
A bin of bargains
Fees and taxes can ruin your retirement
The good, the bad, and the ugly of value investing
Investing at a market peak
Trying to time the market
Solace for those retiring at a peak
Buffett's wide-moat theory works
Asset Mixer Update
Periodic Table Update
Top 200 2019
Top 500 2019
Asset Mixer Update
Periodic Table Update
Zombie stocks on the TSX
Bundle up to escape visible volatility
Simple trend following
Canada's top dividend stocks 2019
Take the long view
Monstrous returns
High-yield small-caps
Low-P/E in the DJIA
Picking dividend growers
Beating the TSX
7 strategies that walloped the market
Value investing for sunny outcomes
Momentum strategies have produced standout results
The missing table
Low P/E in the TSX 60
A megastar mega gain
Coal contest
The Top 1000
Meet the Top 1000 Megastars
Value stocks during a soft patch
The devil in the low-P/E details
All FAANGed up
Most newspapers are going to perish
A better trend-following strategy
More ......

About Us | Legal | Contact Us
Disclaimers: Consult with a qualified investment advisor 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, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. More...