Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at why not everyone needs a separate emergency fund.
Quote of the Day
"Each day’s news offers little of value to longer-term investors."
(Jonathan Clements)
Morgan Housel
- Lessons that Morgan Housel has learned along the way and in his book "The Psychology of Money." (marketwatch.com)
- Derek Thompson talks with Morgan Housel about what investing is for. (theringer.com)
- Christine Benz and Jeff Ptak talks with Morgan Housel about money and storytelling. (morningstar.com)
Investing
- Diversification allows you to not have to make big bets. (awealthofcommonsense.com)
- On the siren's song that is stock picking. (bestinterest.blog)
- Why banks don't necessarily offer their existing clients the best CD rates. (wsj.com)
- How to ladder target-date bond ETFs. (morningstar.com)
Career
- Jacob Schroeder, "Successful and satisfied people are often those who can detach from their wins and losses." (rootofall.substack.com)
- Overnight success is a myth. (dariusforoux.com)
Behavior
- What financial avoidance looks like in practice. (morningstar.com)
- For better or worse, defaults drive a lot of our activities. (accidentallyretired.com)
- Life isn't lived in a spreadsheet. (moneywithkatie.com)
Spending
- When you realize a car is just a car. (humbledollar.com)
- Some thoughts on consumption. (flowfp.com)
- Why extreme frugality is so dangerous. (youngmoney.co)
Personal finance
- JD Roth, "People don’t actually want financial independence. They want whatever it is they believe F.I. represents..." (thefioneers.com)
- Should you retire to get a larger lump sum pension payout? (wsj.com)
- How to give loved ones access to your digital life after you pass. (marketwatch.com)
- Travel while you can. (humbledollar.com)
