Weekend Review

Weekend Review July 19, 2020

Tweets of The Week

Favorite Articles

  • Morgan Housel: Here We Are: 5 Stories That Got Us To Now“One is that the lifestyle of legitimately wealthy people inflates the aspirations of lower-income families, pushing them towards funding an equivalent lifestyle that can only be achieved with ever-growing amounts of debt. This is true for everything from houses to cars to college degrees. Another is that people whose lives have taken different paths will have different views on everything from politics to cultural norms. When those groups are then exposed to each other, it can be hard to distinguish a differing view from a threatening view. Disagreements ensue, embolden by the anonymity and detached nature of social media. TechCrunch founder Michael Arrington recently wrote: “I thought Twitter was driving us apart, but I’m slowly starting to think half of you always hated the other half but never knew it until Twitter.”
  • Justin Castelli: Shortening The Leap Of Faith“Taking risks can be scary.What if you fail? What will others think? What will the financial implications be? What if you never recover from the disappointment? What if…But what if you succeed? Really, what if you succeed? What lies on the other side of a risk could be a life you never dreamt possible, or better yet, the life you want so badly but are afraid to pursue.”
  • Nick Maggiulli: What risk Isn’t“The many examples of risk I have highlighted above are more commonly known as black swans.  I mention them because 2020 has made me realize that black swans are the only kind of risk that matters.  Why?  Because they are the only kind of risk that can’t be prepared for, and, thus, the only kind of risk that can cause catastrophic loss.”

RLS Weekend Review

Each week my colleague, Justin Castelli, breaks down the headlines that may be impacting your financial planning. Here is his last weeks weekend review.

Workout of the Week

-Lat Pulldowns
-Curved Bar Front Raises
20, 16, 12, 10
-Seated Row
-Seated Arnold Shoulder Press
16, 12, 12, 10
-Cable Single Arm Lateral Raises
-Seated Straight Bar Shoulder Press
-Standing Straight Bar Bent Over Rows
12, 12, 12, 12

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.