“The headlines that may or may not be impacting your financial plan and portfolio.”
Week In Review Articles
The WSJ: U.S. Inflation Hit 8.6% in May
The WSJ: Persistent Inflation Drags on U.S. Stocks
The WSJ: Gasoline Prices Reach $5 a Gallon Nationwide for the First Time
Weekly Mixtape
Morgan Housel: Once In A Lifetime “What’s different now is the size of the global economy, which increases the sample size of potential crazy things that might happen. When eight billion people interact, the odds of a fraudster, a genius, a terrorist, an idiot, a savant, an asshole, and a visionary moving the needle in a significant way on any given day is nearly guaranteed. Social media then amplifies it, giving the impression that it’s more common than it really is.“
Packy McCormick: Optimism “I’m far more interested in answering the question, “What does the world look like if this goes right?” than in analyzing all of the reasons something might not work. It’s how I’m wired. “
Kyla Scanlon: Do We Need A Recession? ” It’s really easy to blame the Fed for everything going on, but like, you can’t blame the paintbrush company for a terrible painting (although, if they sell you a bad brush, it definitely contributes). But you’re the one ultimately creating the Thing – and you have responsibility over it.“
Dr. Joy Lere: Insight & Action–The Noise Inside Your Head ” If you’re serious about transformation, learn to replace criticism with compassion.“
Of Dollars And Data: Solve Life Backwards “Unfortunately, this is also what makes this method difficult to follow at times. Sometimes, things don’t go according to plan. You could iteratively solve backwards each step of your journey, yet still get thrown off course. And, once you are off course, there are no guarantees that you will be able to get back on.‘
A Wealth Of Common Sense: Bucketing Your Assets In Retirement “You just have to work with him on figuring out the right mix of short, intermediate and long-term assets. And once that asset allocation is created, it should be easier to stomach some volatility in the near-term for those assets that won’t be spent for many years.“
All About Your Benjamins: 18 Summers
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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.
