Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at the three-legged stool of retirement.
Quote of the Day
"There’s no secret trick, not really. Time, diversification, and compounding are the only friends you’ll ever make in investing."
(Madeline Hume)
Podcasts
- Morgan Housel and Doug Boneparth discuss Charlie Munger's legacy. (open.spotify.com)
- Christine Benz and Jeff Ptak talk all things retirement with Dan Haylett. (morningstar.com)
Retirement
- The case for (and against) taking Social Security early. (humbledollar.com)
- Why some people choose to come out of retirement. (humbledollar.com)
- How many more years do you have to live (on average)? (visualcapitalist.com)
- Seven lessons on getting older including 'Physical fitness is a lifelong pursuit.' (humbledollar.com)
Investing
- Tony Isola, "It takes character to hold the line and withstand the inevitable short-term portfolio blood-letting." (tonyisola.com)
- Why drawing down a portfolio is so scary. (humbledollar.com)
- It's way too easy to overthink your investments. (awealthofcommonsense.com)
- Why is Vanguard pitching brokerage clients on margin loans? (morningstar.com)
Simplicity
- The case for keeping your financial life as simple as possible. (humbledollar.com)
- Take care of your simple financial stuff first. (genyplanning.com)
Buying
- What does it mean to buy something 'guilt-free'? (dariusforoux.com)
- Why couples should consider giving themselves a joint gift around the holidays. (slate.com)
Personal finance
- Don't let guilt or shame prevent you from facing your finances. (contessacapitaladvisors.com)
- Money can only solve money problems. (radreads.co)
- The downside of stories about people unexpectedly leaving a fortune behind. (collabfund.com)
- Some of our financial habits are created early on in life. (humbledollar.com)
- A big chunk of personal finance has been 'solved.' (bestinterest.blog)
- On the differences between net worth and liquid net worth. (ofdollarsanddata.com)
- The downside of giving cash to charity, when DAFs exist. (axios.com)
- More states are requiring financial literacy classes. (nytimes.com)