Weekly Mixtape For November 17th, 2019

Week In Review Articles:

The WSJ: Dow Jones Industrial Average Tops 28000 for the First Time

The WSJ: Global Economic Powerhouses Stuck in Low Gear

The WSJ: Next in Google’s Quest for Consumer Dominance: Banking

The WSJ: Disney Reports 10 Million Users for Its New Streaming Service

Weekly Mixtape

Of Dollars And Data: N=1 “And in the modern age, doing this has never been easier.  We have so much information today that crowdsourcing experience isn’t a pipe dream.  You really don’t have to face the world alone.  You can learn from the wise men and women across the ages who made the mistakes that you no longer have to make.  This is the real way to defeat small sample sizes.”

Morgan Housel: Common Plots Of Economic HIstory “A top-down approach – looking for a few universal plot patterns – can be more useful, because it reveals things fundamental to how all people think, which are likely to be repeated in the future and relevant to your own situation.”

Douglas Boneparth: The Opportunity Portfolio I link investment strategies to individual goals because the financial planner in me knows that I stand a very low chance of consistently beating the market. And while I might not be trading on behalf of my clients, you’d be kidding yourself to think that many of them aren’t trading themselves, especially young professionals familiar with (free) online platforms.”

A Wealth Of Common Sense: What Happens Next After Stocks Are Up Big“This Dr. Jekyll and Mr. Hyde act by the stock market is one of the reasons it has higher expected returns over the long haul than other financial assets. Those big gains wouldn’t be present if it wasn’t for the possibility of big losses.”

The Irrelevant Investor: Surveys Are Mostly Bullshit “I don’t know what I’m having for dinner tonight, let alone know how much I’ll spend on my children’s education or when I’ll retire or how long I’ll be in my primary residence. *Morgan Freeman voice* I have to remind myself that some questions aren’t meant to be answered.”

Abnormal Returns: Navigating Life’s Big, Non-Reversible Decisions “Human stuff. Stuff that can’t be automated. Stuff that often only makes sense after a conversation with another living, breathing human being.”

The Retirement Field Guide: Year Two Is When Retirement Gets Complicated “Most everyone has a plan for their time for their first year in retirement because it’s kind of like the longest vacation they’ve ever taken. Many take it as an opportunity to knock items off their bucket list and accomplish whatever they’ve been holding off doing while they’ve been working. But by year two, it’s a different story. Long-term retirement is a foreign concept for most people – particularly for high achievers.”

Lawrence Sprung va CNBC: Supporting Your Adult Children Can Ruin Your Retirement Plans “There is a big difference between “helping out” a child in need and consistently being the source of funding for the lifestyle they are living.”

All About Your Benjamins: Living A Life Of Congruency

All About Your Benjamins: When We Feared A Recession Part 1–Young Professionals


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