Weekly Mixtape For July 11th, 2021

Week In Review Articles

The WSJ: Earnings Kick Off With Sky-High Forecasts, Record Stock Market

The WSJ: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

The WSJ: Fed Says Shortages, Hiring Difficulties Hold Back Brisk Growth

The WSJ: Borrowing Is Back as Sign-Ups for Auto Loans, Credit Cards Hit Records

Weekly Mixtape

Morgan Housel: Money Rules “Spending money to show people how much money you have is the fastest way to have less money.”

Phil Pearlman: Getting Out Of The Car Funny “Hurting your back while doing a mundane task is a symptom of the lack of movement. When we don’t move we become weak and brittle and prone to injury.”

Simon Tryzna: Controlling The Controllables “In other words, we need to be mindful of all of the stuff out of our control and only focus on what we can control. Instead of being angry or sad about something that has happened, we need to identify how we can best move forward and focus solely on our actions.”

The Reformed Broker: The Stock Market Just Doubled “You will have to fight through those moments and remind yourself that all natural disasters throughout history have represented incredible buying opportunities for investors. Maybe not immediately, but eventually. Every single time.

Rianka Dorsainvil: Taking Stock Of Your Financial Health Halfway Through 2021 “Start even smaller with a list of your major expenses and have open conversations with your financial accountability partner about ways to reduce costs and gain savings. Even small progress is progress indeed!”

Brian Plain: Create Your Own Fun-Folio This Summer “Like most things in life, it’s all about finding the happy medium that works best for you personally.’

Dr. Joy Lere: Good Grief “Grief is a process that does not have a finish line. It involves a complex amalgam of emotions that crash against someone with a somewhat unpredictable, imprecise pattern—people who are grieving experience different feelings, at different times, to different degrees. No day, no month, no year is exactly the same.”

A Wealth Of Common Sense: The Best Investments I Ever Made “I like to remind people the best way to win any argument about market performance is to simply change your start and end dates. So take these numbers with a grain of salt as timing can have a large impact.”

The New York Times: The Gift Of Financial Education For The New Grad In Your Life “But personality matters, too: When reaching out to potential advisers, take note of the types of questions they ask and in what order. Some pros may be more focused on numbers, spreadsheets and tactics, which may be fine for certain graduates. But others may benefit from an adviser who first focuses on the individual, and is receptive to the emotional aspects of money.’

Elliott Appel: How To Increase The Likelihood Of Surviving A Stock Market Crash “This is why if money is being invested in stocks, it should be for a 5+ year time frame and ideally 10+ years. You don’t want to be the unfortunate soul who invests their money right before the Global Financial Crisis only to watch the value drop more than 50%. Can you imagine investing $10,000 and needing the money a year later, but it’s only worth less than $5,000? ‘

Thomas Kopelman: 6 Best Ways You Can Use The New Child Tax Payments “The government doesn’t always look for ways to give back to parents, but they are with this new tax credit. Now it’s your job to use these extra dollars to benefit you and your family so you have a better tomorrow!”

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.