Mixtapes

Weekly Mixtape For August 30th, 2020

Week In Review Articles

The WSJ: New Covid-19 Layoffs Make Job Reductions Permanent

The WSJ: Stocks Log Big Weekly Gains

The WSJ: Fed Approves Shift on Inflation Goal, Ushering In Longer Era of Low Rates

The WSJ: SEC Gives More Investors Access to Private Equity, Hedge Funds

 

Weekly Mixtape

Morgan Housel: Alternative Forms Of Wealth “Your expectations grow slower than your income. It’s the only way you’ll feel wealthy regardless of how much money you have.”

A Wealth Of Common Sense: The Problem With High Expectations “No matter how much you’ve accomplished in life, if you can’t find some joy and contentment in the process, you probably aren’t successful.”

The Irrelevant Investor: The Way Things Were “What used to be an anxiety-inducing, time consuming experience was transformed into absolute pleasure. I spent a total of 20 minutes on the phone with this gentleman. He found me the car I wanted at the price I wanted, and delivered it to my driveway. This cost me nothing, his fee is baked into the price. It saved me time, money, and a lot of frustration.”

Lazetta Rainey Braxton: Great Wealth Lessons To Be Learned From Movie Blockbuster Black Panther “Life is fully lived when you wrestle with and engage your life’s assignments or purpose, find value in the journey, and prepare beneficiaries along the way. Some people embrace this view with wisdom, discernment and satisfaction, while others cringe at the vulnerability associated with life’s missteps or by the sheer inability to cope with the loss of life.”

Of Dollars And Data: In The Eye Of The Beholder “Ultimately, all that matters is that you find what works for you. Not what works for your neighbors, not what works for your colleagues, and not what works for your peers.  What works for you.  Life is in the eye of the beholder. “

Alison Gopnik: A Good Life Doesn’t Mean An Easy One “After all, to put it bluntly, a happy life can also be boring. Adventures, explorations and crises may be painful, but at least they’re interesting. A psychologically rich life may be less eudaemonic, too. Those unexpected turns may lead you to stray from your original purpose and act in ways that are less than virtuous.”

Ashby Daniels: The Last Word On Bonds…For Now “That said, the good news about bond rates being low is simply that investors seeking income are likely to return to the stock market given that bonds seem less likely to provide it than any time in recent memory. This drastic fall in bond yields has made the dividend yield of the S&P 500 look ever more attractive.”

The Belle Curve: My Husband Is A Robinhood Trader “Sometimes it is fun to live a little. Just remember that speculation is different than investing. The potential outcomes are wider with speculation, and that includes both to the upside and the downside.’

Heather Boneparth: The Happiest People On Earth “Disappointment has layers. It can be momentary or long lasting, and we may not always be able to tell. We weigh the impact of our “no’s,” in terms of the risks involved and the nuclear fallout. Also, watching your child experience such bliss is a hard memory to shake once you’ve seen it. You want this benchmark for them all of the time; for “everything to just be okay,” like the window signs now all say in our neighborhoods. But you also want them to understand it might not be, and to be grateful for when it is.”

Thomas Kopelman: 9 Biggest Mistakes Millennials Make Financially “I always like to compare it to someone trying to get in shape and lose 20 lbs. Would you just show up at the gym and then all of the sudden be 20 lbs lighter and then stay in that shape for years to come? No! You would need to create a nutrition plan, a workout plan, a cardio plan, and then actually go out and do it while making changes to your plan as injuries and soreness occur. It would be hard even with a plan”

 

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.