Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at ten sources of emergency cash, ranked.
Quote of the Day
"The larger lesson is that, by identifying those who are most sensitive to the current downturn, and helping them think broadly about their portfolio, we can help them worry less about the daily swings of the market. "
(Shlomo Benartzi)
Job losses
- Four steps to take if you lose your job. (thesimpledollar.com)
- What to do if you are laid off or furloughed. (washingtonpost.com)
Investing
- Ben Carlson, "Financial mistakes can always come back to haunt you but they can be especially damaging to older investors." (awealthofcommonsense.com)
- When you started investing has a big effect on your outcomes and attitude. (theirrelevantinvestor.com)
- How to think about tax-loss selling in a bear market. (morningstar.com)
Personal finance
- The pandemic is going to reset our expectations about the future. (mrmoneymustache.com)
- FIRE advocates quit their jobs. What comes next? (nytimes.com)
- It's never too late to start an emergency fund. How to get started. (thesimpledollar.com)
- Why aren't immediate fixed annuities more popular? (humbledollar.com)
- Should retirees refinance their mortgages now? (tonyisola.com)
- Some auto insurers are sending rebates to customers due to falling collision rates. (npr.org)
- Canadian households are also at-risk during a significant economic downturn. (bnnbloomberg.ca)
- Compounding doesn't always work for in a positive direction. We are now seeing the downside of compounding in the populace and in Americans' retirement accounts. (abnormalreturns.com)
