October 25, 2014

For the Second Time This Year, I Added More Shares of McDonald’s to the KRIP

McDonalds National Labor Relations Board

After writing about buying British stocks for the KRIP, particularly Diageo, I thought I should mention that I picked up some more McDonald's shares for that particular portfolio as part of the same set of trades.  The hamburger giant reported a much bigger than expected 30% plunge in earnings as a result of maelstrom of woes that has engulfed the restaurants.  Management had to set aside a big chunk of money for a one-time tax ruling in a foreign country.  Russia is retaliating against the Unite … [Read more...]

The KRIP Has Gone British

Diageo plc Shares KRIP

I've spent the past week reviewing, analyzing, and modestly adjusting the household portfolios (including the KRIP portfolio), as well as the investments under my control for friends and family.  I ended up executing several rounds of buy orders using fresh cash deposits, dividends that had piled up over the past quarter, and sales of positions that had grown to be too large and needed a haircut for risk management and valuation reasons.  My parents, my in-laws, my siblings, Aaron and I ... eve … [Read more...]

We Had Our First Korean Bibimbap Last Night

Joshua Kennon Assembling Bibimbap

We made Korean Bibimbap for dinner last night as we sat down to watch more episodes of Let's Eat but I'm just now going through the pictures, a day later.  Although, technically, it was slightly less than authentic because our local supermarket didn't have any bean sprouts!?  (How is that even possible?)  The produce guy knew they were out immediately upon asking so I'm not sure what happened to the shipment but we decided to go through with the plans, anyway, using spinach, marinated beef, zuc … [Read more...]

Case Study: Read a Group of Stockholders Realize In Real Time They’ve Lost Their Entire Life Savings When GT Advanced Technologies Declares Bankruptcy

GT Advanced Technologies

Are you in the mood for a case study resource for your own investment policy manual?  If so, brace yourself because this one is heartbreaking.  You can learn a lot from it, and save your own family a great deal of tragedy, but it's going to involve surveying the ruins of the lives of others so you might want to steel yourself. I found it courtesy of one of you - thanks Andrew! - who sent this to me in the contact form.  I happened to see it while following up on a promise I made to a few of yo … [Read more...]

The Standard Life Insurance Demutualization (Or How 72,000 Former Policyholders in the United Kingdom Are About to Forfeit £113,000,000 in Unclaimed Stock and Cash)

Standard Life Demutualization

Imagine you have a policy with an insurance company.  This insurance company is mutually run, which means there are no stockholders.  Instead, the policyholders own the business and the enterprise is managed to give policyholders the best service, at the lowest possible price, as a cooperative undertaking.  Now, imagine that one day, the policyholders' representatives decide they want the business to become a for-profit corporation.  The representatives convert the company and send the polic … [Read more...]

Consumer Delinquencies on Bank Debt Fall to Record Low

Bank Delinquency Ratio

You already know from the tri-annual Federal Reserve report released last month that median household debt in the United States has declined by an incredible 20% over the past three years.  Some Americans might be struggling but they are taking their spare cash and paying off their liabilities in record amounts. That reality is starting to show up in one of the most important financial ratios used to analyze the banking industry.  The American Bankers Association, the lobbying group tasked wit … [Read more...]

A Korean Spicy Pork Stir Fry Recipe for the Brave

Maangchi Spicy Pork Dwaejigogi-bokkeum

Being a cold, rainy, October Sunday, we stayed at home, wrapped up in a sweater and blanket, working on our respective projects.  Aaron wanted to give Maangchi's Spicy Stir-Fry Pork, or Dwaejigogi-bokkeum 돼지고기볶음, a try, and I'm always up for a new Korean recipe, especially one from her since the Dakgangjeong we made for my mom's birthday was so delicious.  The spicy stir-fry pork not only looked tasty, it gave me a chance to casually suggest we start a new Korean drama, which I haven't been able … [Read more...]

A Personal Message of Thanks (and a Throwback Thursday Gift to Those of You Who Were Unaware We Are Married)

Aaron 18 Years Old

I've tried to keep some semblance of privacy around my life since the blog audience has grown but, for a brief moment in time, I'm going to suspend that rule and write to you like I would have circa 2009 when it was mostly just Aunt Donna and a few other readers.  Being so exposed makes me uncomfortable but I feel like you deserve it.  I'm not sure how long I'll leave this publicly accessible.  For tonight, I'll lift the veil, even if only a tiny bit. Both of us are just now getting a chance t … [Read more...]

Cooking with Lard and the Carnation Cafe at Disneyland

Disneyland Carnation Cafe Baked Potato Soup

My earliest memories in life are in the early 1980's.  At that time, the older generation who cooked the food at family gatherings, church dinners, and social events in small town America that made up the fabric of my childhood was born between the late 1800's and the mid 1920's.  There was a certain common thread that ran through the food, arising out of preparation techniques unique to the farmhouse and the list of ingredients that were available at the time.  It's hard to describe unless you'v … [Read more...]

We Were Putting Our House on the Market Following the Supreme Court Decision This Morning

Missouri Marriage Equality

In a matter of a few hours, we've gone from putting our house on the market and leaving our home state back to square one.  When I woke up, this is not how I anticipated spending my day. This morning, the Supreme Court effectively struck down the marriage bans in 11 states, five of which were involved in appellate decisions and the rest of which are now bound by the precedent of their respective circuit and must fall in line in short ord … [Read more...]

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