Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including why getting started in investing is so difficult.
Quote of the Day
"(F)inancial service companies do not introduce new products that make less money (why would they?). Therefore, new products will be a bad deal for you. Always default to the older (or oldest) financial products available."
(DH)
Personal finance links
- There can often be a big difference between risk tolerance and risk capacity. (kitces.com)
- Six things to consider when investing a lump-sum. (rickferri.com)
- Big audacious goals are great but make sure you can follow through with them. (timmaurer.com)
- Ten downsides to early retirement. (sexhealthmoneydeath.com)
- Why financial advisors need to "pursue less" with discipline. (kitces.com)
- Financial advisors need to choose their clients carefully. (etf.com)
- Robo-advisor tools are only useful to advisors who can put them to work properly. (kitces.com)
- When talking about money keep the phrase "no shame, no blame" in mind. (nytimes.com)
