- Brian Plain – How Guessing and Adjusting Can Help You Find Peace of Mind – “If a man knows not to which port he sails, no wind is favorable.” – Seneca When’s the last time you packed your bags, headed to the airport with the whole family, and only THEN decided where you’re going? Probably never. And yet, how often do we apply this same approach to our financial lives? Instead of charting a course ahead of time, we focus on what’s right in front of us based on whatever the financial winds have blown in our direction.”
- Elliott Appel – Market Timing – Why It Does Not Work and How to Avoid It– “Market timing does not work. Many people attempt it. Some are taught a lesson. Others get lucky for some time, but usually are eventually taught a lesson. Before we start with market timing, we can look at the parallels between driving and market timing. Have you ever been driving on the freeway, traffic starts to slow down, the car behind you pulls out of your lane to what appears to be a faster lane, that new lane slows down, and then they try to get back in your lane? They continue to swerve between lanes, always chasing the one that appears to be faster, but it almost always puts them behind you.”
- Jeff Cox – Inflation Speeds Up In April As Consumer Prices Leap 4.2%, Fastest Since 2008 – “Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.”
This Week by RLS
RLS Weekend Review
Each week my colleague, Justin Castelli, breaks down the headlines that may be impacting your financial plan. Will be back next week.