Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to know if you are on the hedonic treadmill.
Quote of the Day
"If you are comfortably on track to, or already can, independently finance your lifestyle goals, why continue to take outsized risks? Sure, you need to take some risk to achieve real returns, but there comes a point when there is nothing more to gain."
(Alex Riley)
Podcasts
- Cameron Passmore and Benjamin Felix talk with Paul Merriman author of "We’re Talking Millions." (rationalreminder.libsyn.com)
- Caleb Silver talks with Michael Batnick about some of the common mistakes pro and amateur investors both make. (shows.acast.com)
Books
- Nine insights from Bill Perkins' book "Die With Zero: Getting All You Can From Your Money and Your Life." (debtfreedr.com)
- Notes from "The Gone Fishin’ Portfolio: Get Wise, Get Wealthy…and Get on With Your Life" by Alexander Green. (cxoadvisory.com)
Housing
- Rising home prices are going to force more people to rent. (vox.com)
- Why home equity lines are so hard to get these days. (wsj.com)
- Eight reasons in favor of renting a home vs. buying. (moneyning.com)
- Being a landlord is no small thing. (monevator.com)
Retirement
- 50+ affluent Americans are increasingly thinking of early retirement, post-pandemic. (msn.com)
- The case for (radically) simplifying your life as you age. (humbledollar.com)
- (Almost) nobody regrets paying off their mortgage, especially in retirement. (cnbc.com)
- What 'MySpace Tom' got right about retirement. (theverge.com)
Investing
- Darius Foroux, "Investing is not a goal, activity, or task; it’s a habit. It’s something you do regularly, just like you work out, meditate, read, or anything else that takes time to yield results." (dariusforoux.com)
- A capital gains tax hike should prompt a reassessment of concentrated positions. (morningstar.com)
- And you wonder why doctors have some funny ideas about investing. (whitecoatinvestor.com)
- Negative interest rates are pushing once reluctant German retail investors into stocks. (wsj.com)
Personal finance
- Eight elements of a complete financial plan including 'A timeline for your goals.' (peterlazaroff.com)
- What Tony Hawk can teach us about taking risk (or not). (bunker-riley.com)
- Which one of these seven money personalities are you? (cnbc.com)
- Steps to take to protect yourself against identity theft. (genyplanning.com)
- How to think about funding long term care costs. (incognitomoneyscribe.com)
- Making the case for an umbrella insurance policy. (humbledollar.com)
- A deep dive into the own vs. lease car decision. (awealthofcommonsense.com)
- TikTok is beset with financial influencers. (wsj.com)
