Wednesday is all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the difference between good and bad debt.
Quote of the Day
"We only have the ability to know what was a perfect portfolio in the past, not what will be a perfect portfolio in the future. For some reason, we’re really good at conflating these two very different things."
(Brendan Mullooly)
The latte myth
- If a latte a day wrecks your retirement plans, you have bigger problems. (bloomberg.com)
- On the ongoing myth that a daily latte is killing your retirement. (washingtonpost.com)
Financial literacy
- Why the financial literacy problem is so intractable. (theetfeducator.com)
- What it's like to teach a high school class lessons in personal finance. (tonyisola.com)
Money psychology
- How getting out of debt helps your brain. (marketwatch.com)
- Do you suffer from the "free dividend fallacy"? (theretirementcafe.com)
- Feelings of scarcity can reduce your ability to think straight. (thecut.com)
Annuities
- Why investors need to be wary of the indices backing index-linked annuities. (blogs.cfainstitute.org)
- Annuities would be okay if it weren't for the people selling them. (tonyisola.com)
401(k) loans
- The math behind a 401(k) loan. (fattailedandhappy.com)
- 401(k) loans are generally a bad idea. (whitecoatinvestor.com)
Getting started
- Your career is your biggest asset. Treat it accordingly. (thesimpledollar.com)
- Some advice for a young person going out on their own. (humbledollar.com)
- Some free tools to help analyze student loan balances. (morningstar.com)
Personal finance
- How much, if anything, should you pay for investment advice? It depends... (ritholtz.com)
- What to do when you feel you are no longer making financial progress. (thesimpledollar.com)
- How to optimally spend money to buy yourself more time. (radreads.co)
- Time works in favor of buy in the buy vs. rent decision. (financialsamurai.com)
- An interview with the head of Equifax ($EFX) makes it clear you are not their end customer. (nytimes.com)
- Lessons learned from the oldest living people in Japan, Sardinia and Ikaria, Greece. (nextavenue.org)
