- Morgan Housel: Getting The Goalpost To Stop Moving – “ If expectations grow faster than income you’ll never be happy with your money.“
- Josh Brown: Your father’s stock market is never coming back – “How do you explain stock market risk to someone whose only formative experience with it took the form of a 16-day bear market last March, about the length of time of an NBA Finals series? How do you convince newly minted investors that diversification makes sense when the first stock they ever bought, Tesla, rose 800% while everything else moved in slow motion? How can you expect them to respect their elders when their elders seem to be giving them horrible advice? “Don’t trade too often, don’t use margin, Bitcoin is fake, Tesla is overvalued, cannabis is a bubble, SPACs are a scam …” You are Charlie Brown’s teacher now—your admonitions have become background noise”
This Week by RLS
- “How Much Should I Have In My Emergency Fund & Should I Invest it?”
- The Long Game Top 10 Episodes By Download
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.