Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why the credit card companies are scrambling to appease premium cardholders.
Quote of the Day
"The human brain was not designed to take a pot of money and invest it in risky assets to be spent decades in the future."
(Blair duQuesnay)
Retirement savings
- What the self-employed need to understand about saving for retirement. (peterlazaroff.com)
- Michael and Ben talk with Bill Sweet about how to choose between traditional and Roth IRAs. (awealthofcommonsense.com)
- What's the difference between the Roth IRA and the Roth 401(k)? (financialducksinarow.com)
Investing
- What to do if you have made a fortune on a single stock. (awealthofcommonsense.com)
- The problem with thematic ETFs: there's always a new one coming down the road. (monevator.com)
- Your gut is likely not a very good investor. (humbledollar.com)
- Buy-and-hold is really: buy, rebalance, repeat. (morningstar.com)
Financial advice
- Jacob Schroeder, "There’s no shame in handing over the keys to your portfolio if it is in your best interest." (incognitomoneyscribe.com)
- Why you shouldn't ask friends or family for a recommendation for a financial advisor. (bloomberg.com)
- Bad financial advice is going viral on TikTok. (vox.com)
Personal finance
- According to a new report, just 39% of Americans would be able to cover an unexpected $1,000 expense. (cnn.com)
- Why you should automate as much of your finances as possible. (thomaskopelman.com)
- What you can learn by reading through your Social Security statement. (humbledollar.com)
- Got credit card debt? Three steps to take right now. (nytimes.com)
- Why decluttering decisions aren't easy. (wsj.com)
