Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at things to consider when hiring a financial advisor.
Quote of the Day
"Bear markets breed target-rich opportunities to entrap retail investors when they’re least mindful."
(Tony Isola)
Chart of the Day

ARK Investment Management is closing the ARK Transparency ETF ($CTRU). (chart via @ycharts)
Investing
- Investing in stocks is a bet on human ingenuity. (awealthofcommonsense.com)
- Marketing messages are not guarantees when it comes to investing. (wsj.com)
- Nine key questions for any investor including: 'Why is active management destined to underperform?' (humbledollar.com)
- Five things to do as an investor in your 20's. (peterlazaroff.com)
- How to avoid investment scams. (evidenceinvestor.com)
Goals
- Jonathan Clements, "There’s what we think we want from our money—and then there’s what we truly want. It can take a lifetime to figure out the difference." (humbledollar.com)
- Money means the most when tied to a greater goal. (fortunesandfrictions.com)
- If you think more money will make you happy, you never will be. (dariusforoux.com)
Family
- Kids cost money, a lot of it. (rootofall.substack.com)
- Don't discount the high costs of elder care. (marketwatch.com)
Personal finance
- Ben Carlson, "More money doesn’t necessarily solve all of your problems. It simply creates new ones." (awealthofcommonsense.com)
- Eight surprising personal finance stats including 'The 1,000 top performing stocks, less than 4% of the total, account for all of the wealth creation.' (thomaskopelman.com)
- Americans are a little bit more distracted than usual when it comes to their finances. (wsj.com)
- How to stack some small wins in the face of inflation and an economic slowdown. (realsmartica.com)
- Why most people will not run out of money in retirement. (mrmoneymustache.com)
- Common financial sense is not always so common. (bestinterest.blog)
- How financial simplicity saves you time. (caniretireyet.com)
- Every life is filled with down periods. (blairbellecurve.com)
- Collect stuff for joy, not profits. (humbledollar.com)