This year has been full of firsts. It was the first year we started as a family of 5, first time we moved cross country and into a new home together, first time we lived through a hurricane, and first time we re-modeled our home. With these firsts came forth multiple opportunities to spend large sums of money. We purchased: a mini-van a new home home re-model an 11 unit rental complex 2 angel investments additional equity in HIT Capital Each one of these purchases could significantly shorten [...]
About Stephen Read
Stephen Read is the founder & manager of HIT Investments, HIT 1517 and S&S Property. HIT Investments is the General Partner of the Hedge fund HIT Capital LLLP, HIT 1517 is a venture capital firm and S&S Property owns and manages real estate. Prior to forming HIT Investments, 2010-2011, he focused on business venture opportunities with HIT Energy. His work with HIT Energy involved investment analysis, negotiations and contracts. During and prior to HIT Energy, 2007-2012, he invested in startups and equities in his personal account. His equity trading strategy utilized long term value investing and beta slippage. Since graduating from Missouri S&T with a B.S. in Mechanical Engineering he has worked for ConocoPhillips, 2007-2016, with a leave of absence, summer of 2008, which he played professional baseball. He currently works for ConocoPhillips as an engineer while managing HIT Investments.
As Hurricane Harvey began to move East so did the waters gathered in the reservoirs North and West of our home. After 4 days of torrential downpour the hurricane had moved on. The sun was shining. Then we fl......
As the kids go down for a nap and the waters begin to stabilize I gather some of our thoughts over the last couple days, and the days to come. I learned of what was soon to become Hurricane Harvey from a co-worker last Tuesday, 7 days ago. This consisted of nothing more than an awareness of a storm that was over the Yucatan. I came home from work that day and told my wife over dinner. Neither of us thought much of it as it didn’t come [...]
We all put off unpleasant tasks. In surveys 95% of all people admit to procrastinating, with about a quarter of them saying it is a chronic, defining characteristic. Our innate human behavior is to put off less appeasing tasks regardless of importance. I struggle at times to get out of bed, to tackle mundane tasks, or to get my workout in. I even had an urge to delay writing the article you’re reading today. It’s unfortunate the consequences or benefits of procrastination are many times unknown. Fortunately, in [...]
Happiness – The overarching reason why we want to become debt free is that it can lead to increased happiness. Here are 18 reasons for getting out of debt and how it can lead to a happier life: Complexity – Eliminating debt reduces the complexity of your monthly finances. No debt, means no more: tracking home mortgage interest in preparation for taxes, worrying if your adjustable interest rate will go up, and ensuring your loan payments are sent on time. Stress – The burden of borrowing and having [...]
A burger and a slice of cheese together cost $1.10. The burger costs a dollar more than the cheese. How much does the cheese cost? (It’s more impactful if you answer how much the cheese costs before continuing on) Your answer to the cost of cheese may have depended on which psychological mode of thinking you engaged in. If you chose to answer quickly, your answer was likely 10¢, but if you stopped and worked the answer meticulously then you should have come up with the correct answer [...]
Benjamin Graham, the forefather of fundamental value investing once taught Warren Buffett, “Price is what you pay. Value is what you get”. Since Benjamin Graham wrote Security Analysis in the 1930’s, more academics, quantitative analysts, and Warren Buffett, have made strong cases that value investing outperforms the general market over the long term. In one example, Buffett’s firm Berkshire Hathaway employs value investing, and their track record outperformed the S&P 500 by 1,586,929% over the last 51 years. (1964-2015 Berkshire Hathaway gained 1,598,284% while the S&P 500 gained [...]
We have many behavioral biases and the latest data shows that “home bias” is one of them. Home bias is where we invest more of our assets in the country and community we live rather than globally. Becoming aware of our biases, including our home bias, enables us to make more rational personal finance and investing decisions. The IMF (International Monetary Fund) and MSCI All World Index gathered data from the five largest countries by market size. All five demonstrated a significant home country bias, rather than a [...]
With the shopping season upon us, let me introduce you to one of HIT Investments’ favorite deal sharing sites: Slickdeals. Slickdeals has over a million active members submitting, commenting, and ranking products they believe are selling at a discount. The members (myself included) and editors create an online shopping ecosystem that results in a never ending stream of product deals from reputable merchants. If you are looking for Christmas gift ideas, scroll through the front page deals. The front page deals are products from merchants that have made [...]
The steady stream of questions and comments from interested readers has led me to the creation of a new HIT Investments Series: The Mailbag. Since I write for you, I might as well write about what interests you. The mailbag will be a recurring piece that responds to your questions, comments, and concerns. There will be no magic formula regarding what topics are covered. It may be that many of you are interested in one topic or it may be that one of you poses an interesting question [...]