Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how the new tax bill harms professional tax preparers.
Quote of the Day
"We can think of investing as an argument between two competing opinions: What we think an investment ought to be worth—and what the market currently says. It’s an argument the market usually wins."
(Jonathan Clements)
Robo-advisors
- Design matters. Dan Egan writes "We should create a service which is systematically personalized, not ad-hoc or haphazardly personalized based on the perceptions/biases of one person." (dpegan.com)
- Roger Nusbaum, "If you're considering using a robo adviser look through to the portfolio and ask questions." (themaven.net)
- M1 Finance has eliminated its fees to consumers. (businessinsider.com)
- Bono is an investor in Acorns. (bloomberg.com)
Advisors
- Aaron Klein, CEO of Riskalyze, talks about the traction the company has had with advisors and where fintech is going. (knowledge.wharton.upenn.edu)
- Yet another reason why you should work with a full-time fiduciary. (forbes.com)
- A review of the big five 'digital advice platforms.' (kitces.com)
Brokers
- Brokers need to have big flashing lights over them highlighting their conflicts. (tonyisola.com)
- Even the big discount brokers need to be held to the fiduciary rule. (bloomberg.com)
Retirement
- When to take Social Security is a complicated decision. (beta.morningstar.com)
- Only one type of spending in retirement juices happiness. (money.cnn.com)
- Why don't retirees spend more in retirement? (blackrock.com)
Financial independence
- Retirement success is what works best for you, not some FIRE guru. (marketwatch.com)
- There are three levels of financial independence. (financialsamurai.com)
- How do you define Enough? (whitecoatinvestor.com)
Credit
- In praise of Dave Ramsey for the "financially challenged." (humbledollar.com)
- How your credit score is calculated and why it matters. (getrichslowly.org)
- Is debt repayment a side-effect or a goal? (getrichslowly.org)
Personal finance
- We spend way too much time hunting for the hot, new investment. (collaborativefund.com)
- How did Warren Buffett get so rich after the age of 60? Compounding. (medium.com)
- Ten ways to spend your money that are useful AND boost happiness. (humbledollar.com)
- Two mistakes people make with inherited IRAs. (nextavenue.org)
- Some items to think about when reviewing your homeowner's insurance. (independenceadvisors.com)
- Why you should celebrate life's small financial successes. (petetheplanner.com)
