Weekly Mixtape For November 24th, 2019

Week In Review Articles:

The WSJ: Fed Officials Cut Rates Amid Worries on Trade, Global Growth

The WSJ: Impeachment Hearing: Witnesses Testify on Concerns About Trump-Zelensky Call

The WSJ: Charles Schwab Holds Talks to Buy TD Ameritrade

Weekly Mixtape:

A Wealth of Common Sense: What Would You Have Done In 2009? “Diversification is the simple way to avoid the all-in/all-out mindset. Another way to manage regret and your psyche when figuring out when to buy during a crash is by spreading out your purchases.”

Your Brain On Stocks: The Fundamental Law Of Lifestyle Inflation Induced demand is the economic term to describe this phenomenon, and it’s also something that Biggie Smalls had a grip on when he proclaimed: Mo Money Mo Problems. As Biggie knew, the same induced demand that underlies the fundamental law of road congestion rings true in personal finance, as well.

Ramp Capital: More Is Never Enough “With regards to leading a life of service, think about the last time you gave someone your time and attention or helped someone in need. How did you feel in that moment? Even just thinking about those moments can rekindle a feeling of joy.”

A Wealth Of Common Sense: The Five Types Of Market Crash Predictions “But no one can predict the timing of human emotions. I can’t predict how I’m going to feel 3 hours from now, let alone 3 years from now. Now multiple this idea by the many millions of people who interact on the markets on a daily basis and you can see why it’s so difficult to predict the timing of these things.”

Calibrating Capital: A (Re)Construction Of Goals “Wherever someone falls on that goals spectrum mentioned above, I think a foundational truth is that any goal that we set should be built on a singular foundation: our values – what is most important to us individually”

Douglas Boneparth: Skipping Breakfast “Overspending, taking unnecessary risk, lacking financial direction, missing opportunities, haphazard investing and feeling financially insecure are only some of the consequences that stem from skipping over the basic tenets of personal finance. You can have all the drive and earning power in the world, but without fortifying yourself with the necessary nutrients to sustain a healthy financial life, you’re likely to do damage to yourself and, potentially, those around you.”

The Irrelevant Investor: The Money You Don’t Invest “The point Nick was making is that we can never be sure of anything, and therefore it’s important to build a portfolio that you can live within a wide range of outcomes.”

All About Your Benjamins: NYC 2019: A Trip Of A Lifetime

All About Your Benjamins: Don’t Go Chasing Waterfalls


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