Week In Review Articles:
WSJ: U.S. Economy Grew at 4.1% Rate in Second Quarter
WSJ: Trump Administration Plans Up to $12 Billion in Farm Aid to Ease Concerns Over Trade Disputes
WSJ: U.S., Europeans Agree to Iron Out Trade Differences
WSJ: Facebook Suffers Worst-Ever Drop in Market Value
WSJ: Investors Step Back From Social-Media Highfliers
Mixtape:
A Wealth Of Common Sense: 10 Money Revelations From Being a Parent “Buying time, even for things I’m physically able to perform, is a great investment.”
The Irrelevant Investor: They All Fall Down “Days like today are tough for Facebook stockholders, and who knows if this was the top or just a temporary one, but the point is that you have to be mentally prepared for these sort of events if you’re hoping to ride a giant winner. Double-digit declines are the cost of doing business.”
Of Dollars And Data: The Right Place, The Right Time “You are right, there is nothing you or I can do to effect future equity returns. You cannot control that outcome. You cannot control being at the right place at the right time (for the most part). But, you can control your process. You can control who you pick as your financial advisor, your savings rate, the fees you pay, and so much more.”
Morgan Housel: Real World vs. Book Knowledge “What I love about this is acknowledging that book and real-world knowledge have both upsides and downsides. Neither is necessarily better than the other.”
A Wealth of Common Sense: There’s No Such Thing As Mosquito Week “People don’t respond to statistics. They do respond to video of an enormous animal with a scary fin and huge teeth that could potentially rip you to shreds.”
The Reformed Broker: “How Do You Start A Life These Days?” “Yes, there are some definitive differences between the Millennial generation and those that came before them – cord-cutting is real, a preference for fresh food versus canned or processed food is real, streaming music versus buying music is real, carbonated water vs soda is real.”
BPS and Pieces: Fifteen Shades Of Gray “The silver lining for investors is that a successful investment experience is not predicated on things being black and white.”
The Irrelevant Investor: What Do Ratios Tell You? “So before you buy or sell based on this, ask yourself what you know that the market doesn’t. Ten times out of nine, the answer is nothing.”
WSJ: The Market Isn’t Going To Save You From Saving Too Little “Investors planning their retirement should keep their fingers crossed that valuations and profits somehow stay high—and save more, because they probably won’t.”
I heart Wall Street: Fridays “On Friday, your broker has until Monday before restraining orders can be filed in court to stop them from calling you to tell you how “great everything is going to be” at the new firm they just joined.”
All About Your Benjamins: Assets Minus Liabilities
All About Your Benjamins The Podcast: The Life + Liberty Index With Perth Tolle
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 disclaimer page.
