Favorite Articles/Podcasts/Videos Ben Carlson – Overnight Millionaires? – “She is so right about the potential for being a client for decades. This is why many of the young and wealthy are seeking out advisors who are their peers. That’s not to say older advisors can’t understand younger clients but most young people aren’t impressed by the name on the door…
Favorite Articles/Podcasts/Videos Morgan Housel – Too Much, Too Soon, Too Fast – “A good summary of investing history is that stocks pay a fortune in the long run but seek punitive damages when you try to be paid sooner. Virtually all investing mistakes are rooted in people looking at long-term market returns and saying, “That’s nice, but can I have…
Favorite Articles/Podcasts/Videos Morgan Housel – The Fed Is Not Printing As Much Money As You Think “But before you dump life savings into gold and build a bunker, here’s the punchline: The huge majority of the increase you’re seeing in this chart is not money printing or new money creation. It’s an accounting rule change. Here’s what happened. The supply of…
Favorite Articles/Podcasts Nick Maggiulli: Being Honest About Your Investment Performance– “The only thing that matters is whether your portfolio is providing enough growth to meet your future financial needs. If you are unable to meet your financial needs with your current returns then, yes, underperformance feels terrible. However, your absolute performance is what you should care about. As I have written previously:”…
Favorite Articles/Podcasts Jessica Hinks: I’m a Dave Ramsey Fan… BUT…- “However, Dave and I don’t see eye to eye on everything. In fact, I find a few of his suggestions to be detrimental to some people’s financial plans. His organization is the hard shove in the right direction many people desperately need. I do, however, want you to think critically about any advice…
Favorite Articles/Podcasts Jacob Schroeder: The Relationship Between Money and Happiness- “So, can money buy happiness?I believe the framing is wrong. The better question is: how important is the pursuit and accumulation of money to living a happy life?Fortunately, it is a question that has intrigued researchers for a long time. Our perceptions are shaped by fables and love songs about money’s…
Favorite Articles/Podcasts Michael Batnick: Markets Are Always Changing– “As soon as you figure out the key to the market, they change the locks. I don’t know who said this, but boy is it true. None of the equations work all of the time because the inputs are always changing. Markets resemble biology more than they resemble physics. Just recently, we’ve…
Favorite Articles/Podcasts Morgan Housel: Unfortunate Investing Traits- “An iron rule of investing is that almost nothing is certain and the best we can do is put the odds of success in our favor. Since we’re working with odds – not certainties – it’s possible to make good decisions that don’t work, bad decisions that work beautifully, and random decisions that…
Tweets of The Week Favorite Articles/Podcasts Morgan Housel: Personal Finance Philosophies – “Save like a pessimist and invest like an optimist. They’re different skills that can contradict each other. But you need both to build wealth over time. Survive the short run to enjoy the fruits of the long run.“ Josh Brown: Dear Samantha –“This is, I believe, the true…
Tweets of The Week Favorite Articles Nick Maggiulli: Just Keep Buying – “This is the investing mantra that can change your life. These 3 words can make you rich. What I am talking about is the continual purchase of a diverse set of income producing assets. I am not talking about when to buy or how much to buy, just to keep…