Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how the pandemic shows that rental income isn’t risk-free.
Quote of the Day
"Through learning about the behavioral biases and quirks of others, you can better understand why you make the money decisions that you do."
(Nick Maggiulli)
401(k) plans
- What to do if you don't have a 401(k) plan at work. (morningstar.com)
- 100 must-know statistics about 401(k) plans. (morningstar.com)
Money lessons
- Money buys freedom, not stuff. (tonyisola.com)
- Some hard earned money lessons including "Don't mess with your portfolio!" (morningstar.com)
- How much money is enough? Only you can answer that. (awealthofcommonsense.com)
- The only benchmark that is important that works for you. (humbledollar.com)
Family finances
- What expectant parents need to do to prepare financially. (vanguardblog.com)
- Two estate planning docs that college kids need. (wealthmanagement.com)
- Michael and Ben on the economics of parenting. (theirrelevantinvestor.com)
Spending
- Why frequent, small pleasures trump one big purchase. (humbledollar.com)
- Wealth is valuable for its ability to change people's lives. (ofdollarsanddata.com)
Investing
- Why investors hate randomness. (ritholtz.com)
- What to do if you have a position that has run up a great deal. (humbledollar.com)
Morgan Housel
- Why you should save like a pessimist and invest like an optimist. (collaborativefund.com)
- A Q&A with Morgan Housel author of "The Psychology of Money: Timeless Lessons on Wealth, Greed and Happiness." (thinkadvisor.com)
- Part one of my Q&A with Morgan Housel author of the new book "The Psychology of Money." (abnormalreturns.com)
- Part two of my Q&A with Morgan Housel author of the new book "The Psychology of Money." (abnormalreturns.com)
