If you are like me and have to purchase multiple Epipens every year, you may like to know that CVS has a new generic Epipen alternative with a cash cost of $110 with a cost of $10 for many people with commercial health insurance. In most cases, the discount can be applied right at the pharmacy counter. You have heard of Adrenaclick, but this is technically a generic version of Adrenaclick made by the same laboratory.

Patients can now purchase the authorized generic for Adrenaclick® at a cash price of $109.99 for a two-pack – the lowest cash price in the market. This authorized generic is a Food and Drug Administration (FDA)-approved device with the same active ingredient as other epinephrine auto-injector devices.

Many parents of children with allergies have to buy multiple Epipens. The school usually requires one to be stored with them at all times in the classroom. If there is an afterschool program in a different area, that’s another Epipen. You may also want one to keep one at home, one at the grandparent’s house, and more for your purse, “Go Bag”, or vehicles. On top of all that, they expire after only one year, so you have to buy them all over again every school year.

Even with health insurance, they may only cover one or two, or perhaps you have a high deductible. Epipen made the news when the cash cost reached $600, but even at lower prices it can all add up quite quickly. I haven’t tried to buy any of these CVS versions yet, but I will look into before the next school year starts.

CVS has the following advice for those switching over. Note that an existing prescription for “Epipen” may not work as that is a brand name, so you’ll need a new one written for “epinephrine auto-injector”.

How can a patient switch a prescription from EpiPen to the lowest-cost epinephrine auto-injector?
First, the patient should speak with his or her prescriber about whether the authorized generic for Adrenaclick is a good fit for their specific medical needs. The prescriber can then write a prescription for an “epinephrine auto-injector” to ensure the lowest-cost product is filled. Patients who already have a prescription on file with CVS Pharmacy can ask their pharmacist to check with the prescriber about making the change.

You may also want to print out this $100 off coupon and bring it in.

The December 2016 issue of Consumer Reports magazine includes the results from their 2016 Car Reliability Survey with over a half million data points. In this public-viewable article, CR shares the full 2017 reliability rankings by brand and the relative change from 2016. There were some significant moves up and down. Highlights:

• Most reliable: Lexus and Toyota.
• Most spots improved: Infiniti and Acura.
• Biggest ranking drop: Volkswagen, Volvo, and Subaru.

A partial excerpt with the top rankings are below:

Consumer Reports also shared some commentary and tips:

• Toyota and Lexus are on top again, which CR credits to their careful, gradual approach to vehicle feature changes to avoid any sudden drops in reliability.
• Wait a year or two before buying a newly resigned model from most brands. It takes a while to work out the kinks.
• Speaking of kinks, a common source of issues in new cars are their new infotainment screens and complex transmissions (CVT, 8/9-speed, dual-clutch, etc).
• Despite providing these brand rankings, Consumer Reports recommends that you shop by vehicle and not just by brand. Some brands like Toyota and Lexus are reliable across the brand, but others like Ford have a wide range of rankings by model. Of course, you’ll need full print or digital access to get those numbers.

If you don’t see your brand listed, it is probably due to a lack of data points.

My thoughts. In terms of trends as compared to last year’s 2015 survey, I was disappointed to see Honda slip a bit again in the reliability rankings. They dropped 4 spots last year and another 2 spots this year. On an absolute basis, Honda now has the same reliability score as BMW, whose cars have more fancy features and a history of average reliability. On the flip side, both Hyundai and Kia moved up another 1-2 spots this year after both moving up 4 spots last year, earning a solid spot together in the Top 8 “More Reliable” brands.

Update: As of 10/3/16, Amazon has changed their policy and now prohibits reviews in exchange for discounted products. From the Amazon Blog:

Our community guidelines have always prohibited compensation for reviews, with an exception – reviewers could post a review in exchange for a free or discounted product as long as they disclosed that fact. These so-called ‘incentivized reviews’ make up only a tiny fraction of the tens of millions of reviews on Amazon, and when done carefully, they can be helpful to customers by providing a foundation of reviews for new or less well-known products.

Today, we updated the community guidelines to prohibit incentivized reviews unless they are facilitated through the Amazon Vine program.

This the new language in their official Seller Policy:

Additionally, you may not provide compensation (including free or discounted products) for a review. Review solicitations that ask for only positive reviews or that offer compensation are prohibited. You may not ask buyers to modify or remove reviews.

Contrary to Amazon’s claims, incentivized reviews do not make up only a “tiny fraction” of all reviews. According to this ReviewMeta video, 50% of all new Amazon reviews are now incentivized! 20% of all the Amazon Reviews they analyzed are incentivized.

Will this make it better, or worse? In response, many sites still giving out free stuff but are now simply telling users that reviews are no longer “required” and you don’t have to add any disclaimer at all. But, the sellers can usually still CHOOSE which people are eligible to receive the discounted products. Do you think they will give out free products to people who leave mostly positive reviews, or those people who take stuff and do nothing? Hmmm.

Original post:

For while, I was convinced that one day I would only shop at two places: Costco and Amazon. But recently, I’ve been concerned that Amazon’s quest for growth has hurt their customer-centric reputation. Here’s one part in what unfortunately may become a multi-part series.

Discounts for reviews. In the past, I wrote about a few websites that provided you with discounted products from Amazon in exchange for an “honest review”. I originally felt that since Amazon itself does this type of thing with its Vine program, it should be fine for the makers of a product to send out a few samples for review.

In the months since, I’ve gradually changed my mind. This practice is no longer a way to “jumpstart” your product with a few reviews. Instead, it has basically resulted in a race to the bottom where other sellers feel they must give out tons of free product and end up with hundreds of 5-star reviews with the disclaimer “I received this product at a discount in exchange for an honest and unbiased review.” This screenshot from Reddit is a perfect example of the bottom of this downward spiral:

ReviewMeta.com analyzed 7 million reviews and found that the reviews with disclaimers had nearly all 4 and 5 star ratings, with a much lower occurrence of 1 and 2 star ratings.

I think where I messed up was that when a regular website like CNET does a gadget review, they have a readership and reputation to maintain. An anonymous individual is probably busy and just wants to satisfy the review requirement in order to keep getting discounted stuff. There is no feedback system to keep them accountable.

Fake reviews. What’s worse is that some reviews are simply fake with no such disclaimer. As someone who has to deal with spam comments every day, I see the same language patterns in Amazon reviews. Another website called FakeSpot.com also analyzes the quality of reviews:

Fakespot utilizes numerous technologies to validate the authenticity of reviews. The primary criteria is the language utilized by the reviewer, the profile of the reviewer, correlation with other reviewers data and machine learning algorithm that focuses on improving itself by detecting fraudulent reviews.

Check out this Micro SD memory card, and see it’s FakeSpot analysis.

ReviewMeta adjusted their 4.8 star rating down to 1.3 stars:

Survivorship bias. As someone who has bought a few “discount-for-review” items in the past (I no longer participate), I can tell you that when I left a less-than-positive review and others did as well, the item simply disappeared from Amazon shortly thereafter. It’s quite easy for a factory to simply slap on another made-up brand name and thus create a separate, new listing. This makes it quite easy to just start over, seed with positive reviews, and keep selling until too many “real” reviews start lowering the average rating. Repeat as necessary.

As always, buyer beware. Amazon has already filed some lawsuits over paid fake reviews, but they still have a lot of room to improve.

ProPublica has a new article Amazon Says It Puts Customers First. But Its Pricing Algorithm Doesn’t, which outlines how Amazon does not always list the lowest price including shipping as the first available option. Here’s an example they provide of how this works on some pruning shears if you don’t have Amazon Prime or reach the $49 Super Saver Shipping tier:

Amazon really, really wants everyone to buy Amazon Prime. They do all kinds of little nudges to get you to join. For example, their Super Saver Shipping option went from a few days to oftentimes weeks to get to me. Another way they promote Amazon Prime is by promoting merchants that join their Fulfilled by Amazon (FBA) program, because that means customers can buy more stuff with Prime. ProPublica points out that Amazon used to be more blunt about it with this former language:

Because most FBA listings are ranked without a shipping cost, you get an edge when competing!

Bottom line: If you don’t have Prime and don’t qualify for Super Saver Shipping, the default buying option will often not be the cheapest. By using the term “algorithm”, that suggests to me some sort of complicated scheme. What Amazon does is simple but perhaps deceptive: They assume that their Prime-eligible items will ship to you free, whether you have Prime or not. If you don’t have Prime and don’t reach the $49 tier for Super Saver Shipping, you should remember this rule across the entire site. Don’t click on the “Add to Cart” button without closer inspection. Amazon is simply adding yet another inconvenience for non-Prime shoppers. (I can’t wait for the new Top Gear, er… Grand Tour to start though!)

In my last Buffett post, I talked about the importance of tracking performance carefully when trading your own portfolios. Most casual traders “think” they are doing fine, but if you ask them their rate of return for the last year compared to a benchmark, they won’t be able to tell you. They may have a rough idea, something like “last year was bad but this year I did a lot better”. Alternatively, they may point out that they gained a lot on Apple but lost a lot on Valeant.

This reminded me of a British TV show called Secret Eaters. Along the same lines, most people “think” they eat relatively healthy. They remember the time they turned down that bacon cheeseburger and had a nice salad instead. Participants in this show had their eating habits quietly tracked by private investigators, hidden cameras, or by digging through their trash. Many were surprised to find that they ate an additional 1,000+ calories a day in snacks, desserts, and oversized portions. Here’s a sample episode (the intro shows you the general show structure):

Now, this is a TV show and thus more about entertainment than proper nutritional science, but the point remains that the people profiled did a lot of semi-conscious eating. After being presented with the hard evidence, they were quite surprised. Here’s a Mirror article that follows up on some of the participants and how they started tracking their diet more carefully using things like smartphone apps. In addition to better tracking, another tip is to change your environment. In my opinion, watching TV is the great enabler of mindless eating. I try to avoid eating in front of the TV or computer whenever possible.

The same fuzzy tracking is what gets us into trouble with spending. You get the credit card bill, and all these little charges here and there added up to an extra 500 dollars. To counteract this, you could use one of the many budgeting apps now available. Changing your environment also applies: unsubscribe from some daily deal e-mails, pre-plan your weekly meals, and only visit a shopping website when you have something specific to buy (no browsing).

If you consistently make poor eating decisions, your body will probably tell you. If you consistently make bad spending decisions, your bank statement will probably tell you. But unconsciously bad choices in investing are especially sneaky because you may never know how much potential money you lost on high fees or badly-timed trades.

In my previous installment of Amazon Problems, I talked about fake Amazon product reviews. This time, I talk about fake products themselves. Thanks to lax Amazon policies, buyers now have to worry about whether their products are genuine or counterfeits.

Amazon is now more of an open marketplace and less a “store” like Best Buy or Wal-Mart. Nearly 40% of Amazon’s total sales now come from two million third-party sellers. When you buy something, the website might still look like Amazon but the behind-the-scenes process could be very different. You basically have one of three options:

• Ships from and sold by Amazon.com. The real “Amazon store”. Amazon buys the products wholesale directly from the manufacturer, keeps them in Amazon warehouses, and then Amazon ships it you.
• Fulfilled by Amazon (FBA). This means a third-party bought the product from somewhere, claims that it is authentic, and then ships it over into an Amazon warehouse. You buy it, and Amazon ships it. This allows the merchant to make their products eligible for Free Super Saver Shipping and Amazon Prime.
• Ships and sold by Third-Party. The sellers have to follow certain rules, but you are mostly dealing directly with a third-party seller with their own warehouse and order fulfillment. This is like eBay or traditional flea markets.

Because Amazon essentially allows anyone to ship them something and say “These are the real thing!”, that opportunity itself can encourage counterfeiting. In July 2016, Birkenstock announced that due to counterfeits and Amazon’s lack of response, they will no longer supply products to Amazon as of January 1st, 2017. In addition, they will no longer authorize third-party merchants to sell on the site.

According to another CNBC article, other brands with questionable authenticity include Michael Kors and Canada Goose. Amazon even commingles inventory from various third-party sellers, so you end up with no idea where your product really came from:

To unsuspecting consumers, fake products can appear legitimate because of the Fulfillment by Amazon program, which lets manufacturers send their goods to Amazon’s fulfillment centers and hand over a bigger commission, gaining the stamp of approval that comes with an FBA tag.

Furthermore, Amazon’s commingled inventory option bundles together products from different sellers, meaning that a counterfeit jacket could be sent to an Amazon facility by one merchant and actually sold by another.

I can only hope that Amazon’s own inventory is still kept separate from the Fulfilled By Amazon (FBA) inventory.

Per The Counterfeit Report, here are some other brand name items with reports of counterfeit copies online:

• Converse Chuck Taylor All Star shoes
• The North Face Denali jackets
• Gillette Fusion Razor Blades
• Giorgio Armani: Acqua Di Gio fragrance
• Bose headphones
• Otterbox smartphone cases
• Duracell batteries

It’s really hard to tell between fake and real products. Last year, a detailed teardown of a $199 Beats headphone that revealed only $17 of cheap parts went viral. That pair of headphones turned out to be fake. But wait, they did a another teardown of authentic Beats headphones and found them to be still very similar, with $20 of cheap parts. It really says something these hardware experts didn’t even recognize a fake after tearing it apart (the boxes and internal materials are also excellent copies).

This counterfeit problem should be a huge concern for Amazon. Every time I look at a brand name product like Bose headphones, Nespresso coffee pods, or Ray Ban sunglasses, I have to pause and weigh the chances that I’ll get a fake product. Is the price too good to be true? Why is this other price so much lower? If another big merchant comes along with a good user interface and reliable product sourcing, then I would definitely consider shopping there instead. (You hear that, Jet.com + Wal-Mart?)

What can you do? One option is to only buy things marked “Ships from and sold by Amazon.com.” This may mean you have to voluntarily pay more for the same product – so painful! – but it may be worth a few extra bucks for the peace of mind. I would also consider third-party sellers if they are the original manufacturers of the product. For example, you could buy ExOfficio boxer briefs directly from the ExOfficio seller account (although sold by Amazon is cheaper right now).

Amazon’s return policies could still be considered “customer-friendly”, but only if you are an alert and active customer. It is your responsibility to examine your product for any inconsistencies. If you spend the time to contact them and complain, by most accounts Amazon will refund your money if under FBA, or at least pressure the 3rd-party merchant to refund your money. This isn’t good enough; I hope that Amazon becomes less reactionary and be more pro-active about this problem.

Costco’s $4.99 rotisserie chicken is about as famous as their $1.50 hot dog and soda combo. It’s cheap, but is it a good value? Priceonomics went out and did an real-world experiment using store-bought rotisserie chicken. You may have noticed that the rotisserie chickens are often smaller than the raw whole chickens you can buy in the same store.

To test out whether rotisserie chickens are still a bargain after you account for their size and reduced water weight, we ran an experiment. We visited seven supermarkets and bought a rotisserie chicken and a raw chicken from each. After draining each rotisserie chicken of the fluid that collects in the container, we weighed them. Then we cooked the raw chickens […] and weighed them.

Here are the results from Priceonomics:

At Costco and Smart & Final, the rotisserie chickens are actually cheaper than cooking it yourself. At other grocery chains, on a per pound basis you can save money cooking it yourself. You can save even more by stocking up when there is a sale. Whole chickens go for $0.99 or less per pound pretty regularly in my experience.

This analysis tried to focus on the numbers, but there are other factors to consider. Time is a big one – If you don’t like to spend your time cooking, you may prefer the rotisserie. Control is another – if you prefer to buy organic, avoid any “enhanced” flavorings and additives, or otherwise customize your chicken, you may still prefer to cooking yourself.