Week In Review Articles
The WSJ: Democrats Argue Trump ‘Inflamed and Incited’ Capitol Riot
The WSJ: Senate Votes to Acquit Trump in Impeachment Trial
The WSJ: Winter Layoffs Show Early Signs of Easing
The WSJ: Tightening Oil Supplies Inject New Momentum Into Price Rally
The WSJ: Tesla Buys $1.5 Billion in Bitcoin
The WSJ: Most Salesforce Employees to Work Remotely at Least Part-Time After Pandemic
It’s OK to take a little financial risk to enjoy and appreciate life.
There’s a balance that only you can find for your own money.
🏝
— Callie Cox (@callieabost) February 13, 2021
Weekly Mixtape
Morgan Housel: Best Story Wins “In a perfect world the importance of information wouldn’t rely on its author’s eloquence. But we live in a world where people are bored, impatient, emotional, and need complicated things distilled into easy-to-grasp scenes.”
Of Dollars And Data: The 10 Biggest Money Mistakes “There is nothing wrong with making a financial mistake, as long as you never make it again.”
Michael Baker: People Over Product, People Over Everything “Think about the difference in mindset it takes to put aside accolades like the Pro Bowl and focus on the SuperBowl. Individual athletes can shine for a season or they can have a terrible year—just like financial products. Players can be loved and also hated–just like financial products.”
A Wealth Of Common Sense: The Biggest Difference Between Now & The Dot-Come Bubble “But if you’re a doomsayer who is predicting some massive 50-60% crash a la the end of the dot-com bubble then you’re implicitly saying these huge tech stocks will crash as well. Never say never but these businesses are so much more high quality than anything investors saw at the tail end of the dot-com bubble in the late-1990s.”
The Irrelevant Investor: the Markets Are Always Changing “For most people, the answer to an ever-changing market is diversification. It’s not fun. You won’t get rich quick. But you’ll save a lot of time, energy, and frustration.”
Retirement Field Guide: Behavioral Investment Advice “But if you’re someone who is tempted to make portfolio changes during each market hiccup, hiring an advisor isn’t giving up, but an act of infusing hope and confidence toward your own future.”
Christine Benz: The Good News About Retirement Income “A lower starting withdrawal percentage is advisable largely because core investment assets–stocks and bonds–have performed so well so long. That means that at the very same time that investors are being urged to lower their withdrawal rates, most investors’ portfolio balances are enlarged. Because the lower starting withdrawal rate is calculated on a larger amount, the net effect for most retirees’ actual spending is apt to be minimal.”
Thomas Kopelman: How Am I Taxed “Many people get themselves in tough situations by not knowing this information and then they are stuck trying to figure out how to afford this hefty tax bill. “
All About Your Benjamins The Podcast: The Pursuit–How Saying No Is Saying Yes To What Matters Most
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.
