Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why you should think about refinancing your mortgage right now.
Quote of the Day
"In a perfect world, every financial plan would require no more investment risk than its owner is capable of bearing. Short of that, it’s better to invest in a lower risk portfolio you can handle than it is to invest in a high risk portfolio you’re constantly spooked out of."
(Brendan Mullooly)
Investing
- What is sequence of returns risk and how do you mitigate it? (morningstar.com)
- Why 'buying the dip' is difficult in practice. (humbledollar.com)
- Startups are popping up to allow investors to buy a share in collectibles like art and classic cars. (nytimes.com)
Housing
- The elements are lining up for a big decade for housing. (awealthofcommonsense.com)
- It's hard to make the math on a second home add up. (humbledollar.com)
Portfolio management
- Direct indexing is now just for wealthy investors, but that is going to change as the technology trickles down. (marketwatch.com)
- The robo-advisor that came out on the top of this ranking based on five different features may surprise you. (barrons.com)
Retirement
- Why working with a financial planner around Social Security claiming is so valuable. (obliviousinvestor.com)
- What to do if you are near retirement age and you get laid off. (investornews.vanguard)
- A Q&A with David J. Ekerdt’s author of the new book "Downsizing: Confronting Our Possessions in Later Life." (nextavenue.org)
Personal finance
- If net worth isn't the best measure of financial health, what is? (ofdollarsanddata.com)
- How to overcome financial mistakes. (whitecoatinvestor.com)
- David Byrne, "Removing college debt, the researchers found, improved these students’ financial outcomes in all sorts of unexpected ways." (reasonstobecheerful.world)
