Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to save more money when you are younger.
Quote of the Day
"I’ve never met anyone who owned a home and paid off a mortgage who regretted it."
(Dan Solin)
Advisors
- Michael Batnick, "If you’re an advisor and you’re afraid that automated solutions are going to replace you, you’re probably right to be worried." (theirrelevantinvestor.com)
- More and more brokers continue to go independent. (wsj.com)
- Technology has made the shift from wirehouse to independent possible economically. (bloomberg.com)
- JD Gardner, "If your advisor’s value proposition is the ability to find the best performing funds…stop wasting your time." (thebackcourtreport.com)
- Financial planning is not either or: man or machine, its both. (kitces.com)
- There aren't enough good financial planning students to serve as interns. (wealthmanagement.com)
Real estate
- Don't buy a big house because everyone else does. (basonasset.com)
- Four bad reasons to buy a home. (peterlazaroff.com)
- The downside of owning rental property. (financialsamurai.com)
- How Venice Beach went upscale. (theatlantic.com)
- Watch college kids for the future of renting. (bloomberg.com)
Estates
- After major life events you need to update your estate plan. (wsj.com)
- On the benefits of a revocable living trust. (financialsamurai.com)
- The do's and don'ts of beneficiary designations. (beta.morningstar.com)
Personal finance
- When you're in your 20s you should 'starve and stack.' (businessinsider.com)
- We learn money lessons early in life. (humbledollar.com)
- Britons need to save 18% of their salaries to be able to retire. (ft.com)
- Betterment is moving to provide investors with ESG options. (businessinsider.com)
- Check your life insurance policies to see if they lapse once you turn 100. (wsj.com)