Mixtapes

Weekly Mixtape For September 27th, 2020

Week In Review Articles

The WSJ: High Jobless Claims Suggest Slowing in Labor Market’s Recovery

The WSJ Democrats Prepare New Coronavirus Aid Proposal

The WSJ: New York State Tops 1,000 New Daily Coronavirus Cases for First Time Since Early June

The WSJ: U.S. Stocks Rise, but S&P 500 Notches Fourth Week of Declines

Weekly Mixtape

Morgan Housel: A Few Rules “Progress happens too slowly to notice, setbacks happen too fast to ignore. There are lots of overnight tragedies, but no overnight miracles. Growth is driven by compounding, which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant.”

Humble Dollar: Seems So Easy “As I noted in an earlier article, the financial world has changed substantially over the past three-plus decades, but often we’re far slower to change our thinking. Economists talk about the sunk cost fallacy—that, once we’ve put money into an endeavor, we’re reluctant to declare it a loss and walk away. But it isn’t just the money involved. We also become emotionally invested.”

A Wealth Of Common Sense: Two Big Trends I’m Thinking About For The Future “If there’s one thing we can agree on in this country, it’s our love for gambling and speculation. And my contention is this love will only grow in the years ahead, especially when it comes to betting on sports.”

The Irrelevant Investor: Ideas For Retirement “Retirement can sometimes feel like this amorphous concept, but just because we can’t touch it or see it, doesn’t mean we can pretend it’s not real. We should have a sense of urgency about retirement because it’s coming, and there are no do overs.”

Retirement Field Guide: Should You Overweight Tech In Your Portfolio “But, I just want to put it on the table that further concentrating portfolios into tech may not be a prudent decision. That said, whether you decide to take the leap and increase your concentration or diversify out, hindsight is either going to make you look like a genius or an idiot and that may be the hardest part of all.”

A Wealth Of Common Sense: How Benchmarking Impacts Your Decisions “Benchmarking yourself against people who are more successful than you could provide the motivation to get better but it could also blind you to the fact that no one’s life is perfect.’

Thomas Kopelman: How To Overcome Financial Anxiety “So, as it relates to your own financial life, the key is to take control of all the little things you can. And every time you do, you take away a little bit of the power that anxiety holds over you. And if you compound this over time and continue to control what you can control, you will ultimately reach financial freedom. “

 

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.