Week In Review Articles
When I see people out here braving life and going for their dreams on social media, who have given me the privilege of seeing behind the curtain into their messy lives, I’m only MORE in awe of them, MORE inspired by them, & MORE encouraged that being messy doesn’t disqualify me.
— Jess Bost, RICP® (@lady__bost) December 5, 2020
Morgan Housel: The Reasonable Optimist “The ease of underestimating how bad things can be in the short run and how good they can be in the longer run is a leading cause of bad forecasts, bad decisions, and confused people. It’s common because it’s easier to go all in on either optimism or pessimism – having one foot on each side feels waffling.”
Of Dollars And Data: We Begin Our Lives as Growth Stocks, But End Our Lives As Value Stocks “The high expectations of youth (growth) eventually get replaced by lower expectations and upside surprises as you age (value). Of course, this is only on average. Everyone’s life is different with its own twists and turns. You don’t have to take the growth-to-value path like many others do.”
Finumus: Early Retirement: Boring “I seemed to have discovered the inverse ‘Goldilocks Zone’ of financial independence. Rich enough to do nothing but not rich enough to do anything particularly interesting. Frankly – I was bored.”
Charlotte Geletka: 15 Ways to Teach Kids About Giving During the Holidays (While Doing Something Together as a Family) “Whatever you decide to do, remember that the most valuable gift any of us can give is the gift of time. Spending time with your family will create memories and provide valuable opportunities for teaching moments.”
Fast Company: Why Beating Impostor Syndrome Is So Difficult “It’s the idea that despite hard and unbiased evidence of professional success, a person feels like they are not good enough at whatever it is that they do. They are afraid that others will see them as a fraud.”
Fast Company: Generalists Are Usually More Successful—But Only If They Do This “Building your skill stack requires following your passion, and it can help you move up the corporate ladder, says Pueyo. “If you want to be unique at broad level, you need to combine skills that nobody else has combined before,” he says. “Following your passions is super important because most people don’t have passions around just one topic. The combination is what makes you unique.”
Ashby Daniels: Who Would’ve Thought? “Successful equity investing requires both patience and discipline. I am not sure where one ends and the other begins, but I know that holding an equity portfolio through the COVID market panic and political turmoil required some discipline. For investors who didn’t have a retirement income plan reminding them of why they own the portfolio that they do, it would have been close to impossible to endure the onslaught of catastrophic predictions.”
BPS and Pieces: November to Remember “There are no do-overs or mulligans if you miss out on months like this. If you’ve already paid for the risk, you might want to stick around for the reward.”
Thomas Kopelman: What Is It Like To Work With A Financial Advisor? “This shocks me because we all know much people hate going to the dentist. As a financial advisor, I can promise you that meeting with a good financial advisor is nothing like getting your teeth pulled. It’s quite the opposite.”
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