Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the downside of budgeting.
Quote of the Day
"The most critical component of your retirement plan is how you feel about yourself, not the size of your portfolio."
(Tony Isola)
Investing
- Blair duQuesnay, "No one can call the exact day of the bottom. That’s called luck. But on those puke days, I had the opportunity to put cash to work while good companies were on sale." (blairbellecurve.com)
- Rubin Miller, "Investment history is littered with reasons not to clutter your portfolio." (fortunesandfrictions.com)
- Ben Carlson, "Giving financial advice to family members can be challenging. It’s also hard to teach an old dog new tricks when it comes to stock market investing." (awealthofcommonsense.com)
Saving
- Switching jobs makes it harder to save in a 401(k). (cnbc.com)
- Why you should open a Roth IRA for you children as soon as you can. (nytimes.com)
- In praise of automating much of your retirement saving. (humbledollar.com)
Behavior
- Complacency usually wins out when it comes to our finances. (indeedably.com)
- Why you should celebrate life's (financial) victories. (vox.com)
- Don't undervalue the security of having money in the bank. (humbledollar.com)
- Are you really spending your time they way you want to? (wsj.com)
Personal finance
- Everyone needs to find their 'why' when it comes to spending. (whitecoatinvestor.com)
- 10 things the wealthy do differently including 'They lean on experts.' (thomaskopelman.com)
- Why young people are more prone to financial mistakes. (humbledollar.com)
- The '4% rule' is a guideline not a rule. (bestinterest.blog)
- How demand destruction works in practice. (humbledollar.com)
- Fruitful wants to give you access to CFPs by subscription. (techcrunch.com)
- Tips on how to raise your credit score. (humbledollar.com)
