Weekly Mixtape For July 5th, 2020

Week In Review Articles

The WSJ: U.S. Coronavirus Cases Hit New Single-Day High Ahead of July Fourth Weekend

The WSJ: U.S. Unemployment Rate Falls in June; Jobless Claims Down 55,000 in Week

The WSJ: U.S. Stocks Finish Best Quarter in More Than 20 Years


Weekly Mixtape

Collaborative Fund: Keep Running! “Dig through the numbers and one thing’s clear: there is no age at which business gets easy.”

Cullen Roche: 40 Things I’ve Learned In 40 Years “Be authentic and open about your faults. You’ll be amazed at how many people want to help you get better when you open yourself up to criticism.”

Jason Zweig: Everyone Who Thinks The Stock Market Is A Game Loses “To be an intelligent investor is to recognize that you’re in a lifelong struggle for self-control — an unending effort to keep yourself from yielding to fear or greed, believing that you know what the future holds or letting short-term news knock your long-term plans off track.”

Telos: Understanding Your Aim “More than any other influence, comparison dictates how we spend our money.  Again, comparison can be a good and motivating influence.  However, comparison with others is a recipe for unhappiness.  The feeling of inadequacy haunts our current world and has only been exacerbated by the influence of social media.  It directs us away from our telos and towards theirs.  We end up directing our resources towards someone else’s vision of the good life.”

Khe Hy: Real Wealth Is Perishable “In addition to fortifying one’s legacy, not only does wealth not perish – it grows – courtesy of compound interest (the so-called eighth wonder of the world). And when properly allocated, it can beget more wealth… and more wealth…”

Humble Dollar: Too Slow? “This is why, despite the statistics, I still recommend dollar-cost averaging. But because it isn’t a principle that is based in math, the downside is that there’s no scientific way to approach it. The only thing the data say is that, if you’re going the route of dollar-cost averaging, quicker is better. The longer you draw out an investing schedule, the more likely it is to work against you.”

Barry Ritholtz: 5 Questions For Investors “Change is never easy, and is especially difficult when money — and ego — is involved. But when in a situation that is not (or has not) been working, it is the only way to improve your results.”

Your Brain On Stocks: Political Pollution It’s far more important to have a grip on your own financial situation, goals, and plan than it is to predict what a certain individual’s impact on the market will be. This is especially true when the evidence suggests the US economy and markets do well over time because of our people, not necessarily who’s in charge”

A Wealth Of Common Sense: The Best And Worst Quarters In Stock Market History “2020 is unprecedented for the number of times people have called it unprecedented. And this year certainly is unique. But stock market volatility is not.”

The Long Game: A Purposeful Life To most people living a life of purpose is far fetched, it’s not achievable, it’s too risky, it’s not for them. But if you think about it, it’s quite the opposite. To me, what’s more risky is living a life that follows that predetermined pattern. One of constant tasks and little enjoyment. One of little fulfillment and no purpose. Shouldn’t that be our biggest fear?”

All About Your Benjamins: Lazy Weekends

All About Your Benjamins: Investment News 40 Under 40

All About Your Benjamins: Reflections On The Last (And A Challenge)

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.

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