Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at how to pursue ‘FAT Fire’ effectively.
Quote of the Day
"My theory is that the more money people have, the more social debt they tend to be burdened with."
(Morgan Housel)
Podcasts
- Doug Boneparth and Morgan Housel talk decision making with Cass Sunstein. (youtube.com)
- Christine Benz and Jeff Ptak talk with Joel Dickson of Vanguard about the state of retirement saving in America. (morningstar.com)
- Ten personal finance podcasts to check out including 'All the Hacks.' (money.usnews.com)
Investing
- J.D. Roth, "Too many people try to overcomplicate investing. Too many people pay others to provide subpar investment results." (jdroth.com)
- Why people underperform their own investments. (ritholtz.com)
- Three things the 1% do with their money including 'not going into excessive debt.' (awealthofcommonsense.com)
- Doug Boneparth, "Investing is hard, because nothing stays the same forever. Our lives, the economy, and the markets are constantly in flux." (thisisthetop.substack.com)
Aging
- How older people get scammed. (theatlantic.com)
- Many people with cognitive impairment still drive. (sciencedaily.com)
- What you give up when you retire. (overcomingbias.com)
Gen Z
- Young people today are inundated with financial influencers. (monevator.com)
- Five things college graduates need to do to put their finances in order. (washingtonpost.com)
Wealth
- What wealth looks like is different for everyone. (awealthofcommonsense.com)
- Being rich, doesn't mean everything will go perfectly. (wggtb.substack.com)
- The pros and cons of getting a fancy new car. (moneywithkatie.com)
Advice
- Eight personal finance mistakes including not setting up a Roth IRA. (morningstar.com)
- Some insights from Felix Dennis including 'Never loan money to friends or family. Give it.' (blas.com)
Personal finance
- Eight things to look for in a financial advisor including 'a fiduciary duty.' (whitecoatinvestor.com)
- A look at ways to provide inter-generational wealth transfer absent a trust including 529 plans. (thomaskopelman.com)
- Paying for long term care is a dilemma. (tonyisola.com)
- How much can a member of a couple spend before getting approval. (wsj.com)
- What we can learn about life from the Swedes. (contessacapitaladvisors.com)
- The antidote to envy is self-examination. (moretothat.com)
- Certainty comes at a high cost. (ritholtz.com)
