Weekly Mixtape For October 21st, 2017

Every Saturday I’ll be releasing my own compilation, a mixtape if you will, of blog posts from the week I think are worth your time.

The mixtape is back after a one-week hiatus; it was the beginning of Fall Break for Roman and Leo, and we just had too much to do. It’s been a fun week of balancing work along with enjoying a beautiful weather in Fishers, Indiana. Fall Break included a trip to the pumpkin patch, the Children’s Museum, the Zoo, staying at Crown Plaza in a train room, making a video with Dad for All About Your Benjamins, some basketball, and we’ll be ending Fall Break with a trip to Bloomington for Hoosier Hysteria–IU’s start to the college basketball season. I’ll need a break from Fall Break.


Here are this week’s reads…hope you enjoy!

The Irrelevant Investor: But Not Too Much  “The shitty reality of this world is that there are way too many people who don’t have even close to enough, but what about the rest of us who have more than enough?”  Think about that.

Morgan Housel via Collaborative Fund: The Theory of Maybes As I get older and wiser, I find myself more interested in history and learning from some of the greatest innovators to live. Morgan takes us through a short history lesson in science and shows how we see characteristics of Newtonian and Quantum physics in investing.

The Reformed Broker: An Evening In Wonderland You can resist, but Blockchain and the cryptocurrencies surrounding it are not going anywhere, anytime soon. The more I read and learn about this technology, the more I see applicable uses in everyday life–not so much on the currency side, but with Blockchain. I know that is the convenient thing to say, but there are so many inefficiencies in business that smart contracts on the Blockchain would solve. I’ve written a handful of posts on this subject and will continue to do so if only to continue to educate myself. In this post, Josh Brown shares his evening with the who’s who in the world of BlockChain and cryptocurrency–it sounds like an amazing night. Props to Patrick O’Shaughnessy for organizing.

Daniel Egan: The Law of Reversed Effort Don’t make things more difficult than they need to be.

The Reformed Broker: The Single Stock Mishegas Picking stocks is sexy, but it’s a tough endeavor and it will only continue to become tougher to do successfully. I don’t think there is anything wrong with taking some money and picking a handful of stocks for fun; stick to an amount of money you can afford to lose. When it comes to your long-term wealth, sticking to a diversified low-cost portfolio of ETFs and mutual funds is a better approach for not only the investor but for the financial advisor.

Entrepreneur Magazine: ‘The Right Time’ Is A Myth. I didn’t grow up thinking I’d be the owner of a business, or that my wife would have her own business. I wasn’t the youngster selling pencils at school, or running a lemonade stand. Entrepreneurship was nowhere on my radar. Once I saw the conflicts and risks to working for a large corporation, I became fixated on starting my own financial planning firm, and like most entrepreneurs, I wish I would have done it sooner. There was always a reason to delay my start–needing to save more, having a family, another opportunity, and the list goes on. There will never be a right time–I always said chasing a dream is a leap of faith. You can prepare to shorten the leap to the other side, but there will always be a leap to take. Once you’ve done everything you can to improve the likelihood you land on your feet on the other side, it’s time to jump.

All About Your Benjamins: Is An Early Retirement Program Right For You?

RL Wealth Management In The News: TD Ameritrade Angers RIAs.


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 disclaimer page.