Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at what to do with your life insurance if you don’t need it any more.
Quote of the Day
"There is no single magic bullet for dealing with current extreme low interest rates."
(Chris Mamula)
Planning
- Douglas Boneparth, "I believe it’s never too late to start following a plan that leads us towards a positive outcome. It might not be the end goal you originally had in mind, but it’s going to be something better than what comes from having no plan at all." (bonefidewealth.com)
- On the benefits of having a 'balanced personal economy.' (humbledollar.com)
- There can be a difference between your net worth and liquid net worth and why it matters. (ofdollarsanddata.com)
- Even if you aren't directly affected, the pandemic should be a wake-up call for your finances. (blog.acadviser.com)
- Some steps to take in the pandemic that make sense no matter what the circumstances. (peterlazaroff.com)
Investing
- How saving money on a regular basis can lessen the psychological pain of market drawdowns. (awealthofcommonsense.com)
- Index funds are a business, not a charity. (humbledollar.com)
- Tips on how to put to work that cash that sits stubbornly on the sidelines. (humbledollar.com)
- An example of when a little knowledge turned into a big loss. (bunker-riley.com)
Saving
- Banks are ratcheting down the rates the pay on 'high-yield' savings accounts. (finance.yahoo.com)
- How to keep your savings plan on track amidst a pandemic. (wsj.com)
- How debt repayment, think home mortgages, can spur savings. (privpapers.ssrn.com)
Kids
- Seven pieces of financial advice for new graduates. (morningstar.com)
- How to get your children interested in investing. (howardlindzon.com)
Personal finance
- We all make money mistakes. The key is avoiding fatal one and learning from them. (humbledollar.com)
- Being debt-free opens up a lot space in your head for other stuff. (monevator.com)
- Social Security claiming strategies need to be based on your individual situation. (morningstar.com)
- Eight reasons why whole life insurance is a bad 'investment.' (momanddadmoney.com)
- Things to consider before doing a Roth conversion. (humbledollar.com)
- Why we need more personal finance-focused content on financial television. (allaboutyourbenjamins.com)
- How the timeshare industry spawned the timeshare cancellation industry. (investmentnews.com)
