Magic Formula Investing

Using the Magic Formula for investing; based on "The Little Book that Beats the Market" I started a real life test with $50,000 of my own money. The blog described the process, thoughts, pain and ongoing updates on this adventure.

Thursday, August 17, 2006

Why did it have to be HR Block ?

In my last round of buys, I picked up HRB -- HR Block . They have been on the MFI lists ever since I started this whole thing in the beginning of the year. I almost bought shares in Feb, but then 30 seconds of TV changed all of this.

It was before tax time and I saw an HR Block commercial --- they offered a scratchers game (same as you play in your local liquor store) for people that had them do their taxes.

That was a HUGE turnoff for me -- why ???

I view "Doing taxes" as a rather important financial transaction -- probably right up there with a quarterly review of your investments, maybe even more important than that. Why on earth would I want to go to a place that offered me a scratchers game to do my taxes ?? What's next -- go to a BINGO HALL and have your taxes done while playing Bingo ??

or

The new tax season is here -- go to Las Vegas and have the casino do your taxes.

It just does not make ANY sense to advertise like that so I was never going to buy HRB -- until my random August buys came up with HRB in the selection process and now I am stuck with them -- but I swear, if I see another commercial like this during tax season, I am dumping the shares no matter what...

2 Comments:

Blogger Marsh_Gerda said...

I never felt good about HRB. I actually posted back in May on Yahoo board that I thought JTX (which was on list at that time) was much better than HRB. Ironically, looking at the 3 month charts there isn't much difference.

Good luck!

MG

3:01 AM  
Blogger Marsh_Gerda said...

down 9% with HRB... should have trusted your instincts. Tough luck.

5:40 PM  

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