Weekly Mixtape For December 29th, 2019

Week In Review Articles

The WSJ: Stocks Hit Fresh Highs as Nasdaq Crosses 9000

The WSJ: Rank-and-File Workers Get Bigger Raises

Weekly Mixtape

Pragmatic Capitalism: What Is “Enough?: ” Financial success is all about managing your asset and liability mismatch. Most people earn a higher and higher income and just increase the proportion of their asset liability mismatch. That is, they make more and they spend more.”

Morgan Housel: The Psychology Of Prediction “So the forecaster who assumes the worst (and best) events of the past will match the worst (and best) events of the future is not following history; they’re accidentally assuming the history of unprecedented events happening doesn’t apply to the future.”

The Real Wealth Farmer: A Christmas Carol “I believe this story and the holiday season can be used to turn inward for reflection about our own humanity and outward for kindness to others.  Many lament the loss of the meaning of the holidays people celebrate, but I believe some of the messages presented in the story can provide us with inspiration to do good.”

Ryan Krueger: Who’s In Your Headset? “When I peek around the analytics corner, I see open-minds and trusted good old-fashioned partnerships increasing in value. The edge of curiosity and the humility to ask, may be a smaller minority in the age of big data. Know to listen.”

Points And Figures: What Is The Biggest Analytical Mistakes People Make? “Every time you make a decision using the concept of opportunity cost, it also forces you to recognize the constraints you have.  There is no free lunch.  You can’t be all things to all people and you can’t do everything so you are forced to choose.”

Christine Benz: How Do Your Financial Prioritite Stack Up With Our Pyramid? ” But paying attention to tax efficiency actually encompasses a very broad and important set of issues, including taking advantage of tax-sheltered accounts such as IRAs and 401(k)s, using low-turnover stock funds and municipal bonds in taxable accounts, proper asset location, and employing tax-efficient withdrawal strategies during retirement.”

The Irrelevant Investor: Slow and Steady “The S&P 500 is up 29%* this year, but it has been more of a grind than a blistering advance. This is fairly common bull markets. You might think that big annual gains are defined by big daily gains, but that’s not necessarily the case.”

A Wealth Of Common Sense: Looking Back At The Bear Market, A Year Later “The stats say that two-thirds of the time when stocks experience a double-digit decline there is no recession. The problem is when stocks are in the midst of a double-digit decline it’s almost always going to feel like a recession is sure to follow. It’s almost a coping mechanism to explain the losses to yourself.”

The Advisor Of Tomorrow™: Reflecting On 2019

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