Tom’s Blog

How bad were bond returns in the last two years?

I briefly mentioned in this post that the -25% real return for bonds for 2022 was the worst in history and the past two years have also been the worst in since 1926. I provide more detail and perspective in this post as to how

How was my experience with TurboTax?

Last week I decided to test run TurboTax to file my 2022 tax returns. I was lured by Fidelity’s offer of FREE federal and state tax return. I completed all the entries into TurboTax this week, and this post recounts my experience: it took me

Should I use TurboTax for my tax return this year?

I’ve had a local tax preparation firm prepare my tax return for many years. As I think about it, I pay them A LOT relative to our investment costs. I’m going to complete my return in TurboTax this year. I’ll see how it goes. I

What was the inflation change in Personal Consumption Expenditures?

Today we got the second set of measures of inflation for December: the data of Personal Consumption Expenditures – the measure favored by the Federal Reserve. I show two graphs of the trends. One shows the last six months have been at an annual rate

Does the math of doubling of stocks every ten years still work?

The math that uses the long-run average of 7.1% annual real return for stocks says stocks should double in real spending power roughly every ten years. 2022 was the fifth worst return year for stocks in my life time: decline of -23% real return. Does

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