All About Your Benjamins™

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/2-GgDLWmjIM Week In Review Articles The WSJ: Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely The WSJ: U.S. Inflation Eased in November, CPI Report Shows The WSJ: Stocks Fall, Pressured by Mounting Recession Concerns The WSJ: Congress Faces Deadline for Keeping Government Funded The WSJ: FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy https://twitter.com/joelakamag/status/1603357394846760960?s=61&t=9yDC-ZlV5Q9Y7pltiMsTcQ Weekly Mixtape Morgan Housel: Why Competitive Advantages Die "The only thing harder than gaining a competitive edge is not losing that advantage when you have one. That’s as true for careers and investment strategies as it is for business. And since people are naturally optimistic, there’s a tendency to put more thought into finding an edge than not losing it once you find one." Casey Grisez: Sidewalk View "But when the boys and I went by other houses, we saw people relaxed and enjoying Thanksgiving. I began to feel like I was looking at how the holidays are supposed to be. I don't know if it was the fresh air, the huge meal, or the second glass of wine, but I thought about how many Thanksgivings I have left." Dr. Joy Lere: It's A Wonderful Life "We don't get to watch the reel of what this world would be like without us. Still, we need to live, love, and work knowing that it will count in ways that we will never fully know.  Think about the people you love the most. " Dr. Phil Pearlman: Setting Health Goals For 2023 "You don’t need to set impossible goals that will lead to injury if you don't know how your body responds to pushing it to its limits. Not getting injured is important as recovery time sets you backwards." Of Dollars and Data: The Gift Of Time "Because everything I write isn’t really about money, it’s about time. Time with your loved ones. Time to enjoy yourself. Time to live the life youwant. In the end, all of your money will be converted back to time anyways. If not now, then later. And if not by you, then by someone else. Possibly after you’re gone." More To That: The Meaning Of Life Is Absurd "In this futile pursuit of escaping the absurd, nothing will ever be good enough because we are always chasing an elusive grand narrative, our overarching meaning of life. We will forever be chasing our own tails, wondering when the hell the universe will answer our individual calls for purpose." A Wealth Of Common Sense: Money Lessons From White Lotus "The murder mystery aspect of the show was tremendous but my finance brain couldn’t help but notice a number of money and behavioral psychology lessons from this season’s cast." Clint Haynes: How Inflation Affects Planning Your Retirement "Inflation can really eat into your retirement if you’re not careful. However, with proactive planning, you can effectively combat inflation. You don’t have to let inflation slowly erode your lifestyle over time." Elliott Appel: Is Long Term Care Insurance Worth It? "How will you pay for care? Which assets will you use? Do you plan to receive care at home? Can you rely on friends and family for care and if so, for how long? Is long-term care insurance worth it? " All About Your Benjamins: This Year's Best Present: Your Presence

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/FfKqValJtfA Week In Review Articles The WSJ: November Employment Report Shows U.S. Economy Added 263,000 Jobs The WSJ: Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise The WSJ: Dow Shines as Higher Rates Squeeze Nasdaq’s Tech Stocks The WSJ: Yield Curve Inversion Reaches New Extremes The WSJ: Kroger Says Food Inflation Beginning to Ease https://twitter.com/FiSurgi/status/1597415923207802881 Weekly Mixtape Morgan Housel: Getting Wealth vs. Staying Wealthy "But keeping money requires the opposite of taking risk. It requires humility, and fear that what you’ve made can be taken away from you just as fast. It requires frugality and an acceptance that at least some of what you’ve made is attributable to luck, so past success can’t be relied upon to repeat indefinitely." Dr. Joy Lere: The Gifts We Give Our Kids "Older kids who may have more of a sense of what things cost can often catch on pretty quickly if someone is trying to replace time or presence with nice things. I talk to these people in therapy. Trust me, this strategy doesn't work. You can't buy love.' Dr. Phil Pearlman: A Practical Guide To Staying Healthy Over The Winter "It is my hunch that over the coming years, we will find that mobile device addiction, including use at night, is much worse for our mental and physical health than even the most ardent digital minimalists currently claim." Khe Hy: How To Deal With Regrets "I personally don’t have many regrets. Not because I’m special or risk-seeking, but because I see the actions I’ve taken in my life as exactly that: my life." A Wealth Of Common Sense: This Year Could Have Been Worse For Investors "Rational investing comes from the understanding that long-run returns are the only ones that matter." Of Dollars And Data: How Much Growth Can You Expect? "I wanted to share these results because there are many personal finance gurus who will advertise expected growth numbers far in excess of this and it can be quite misleading. " The Reformed Broker: Why They Clapped For Sam Bankman-Fried "Bernie Madoff confessed his crime to his sons and he was in handcuffs before the end of the day. And that shit was like fifty times more complex than wiring customer funds into a hedge fund or using collateral to buy properties in the Bahamas in your parents’ names. Madoff had an entire floor of an office building in Manhattan dedicated to creating fake account statements, staffed with multiple accomplices, over the course of decades. Sam looks like an amateur in comparison. A dabbler. Still walking free, weeks later. It’s inexplicable." Jeremy Finger: Retirement Spending Is Just As Important As Retirement Savings "You have more immediate control over what you spend, than what you earn. Too often, financial articles talk about how to make more money. They don’t talk enough about needing less money." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

https://youtu.be/sbE1MqzpwBc “The headlines that may or may not be impacting your financial plan and portfolio.” Week In Review Articles Mindful.org: How To Practice Gratitude CNBC.com: Black Friday Online Sales Top $9 Billion In New Record The WSJ: Congress Returns To Tackle Government Funding, Same-Sex Marriage, Railroad Strife CNBC.com: Student Loan Payments May Not Resume Until August Subscribe To The Weekly PRST to connect Mind, Body, Soul and Money. https://twitter.com/thejustinwelsh/status/1595115694768754704 Weekly Mixtape Casey Grisez: Thankful "While writing about that nightmare from 2003, I realized something: I'm grateful for it. It provided an appreciation for life, health, and the kindness and support of those around me. Realizing how short and unpredictable life is has fueled my desire to take (calculated) risks." Of Dollars And Data: Learning To Live "Many times in life you’ll have the opportunity to assume negative intent in others. Don’t do it. You’ll often be wrong and even when you are right, assuming negativity all the time is no way to go through life. Most people don’t want to wrong you. Keep this in mind before rushing to judgment. After all, one man’s trash isn’t always what it seems." Dr. Joy Lere: Boundaries--The Gift That Keeps Giving "When people first think of holding boundaries, they often think about how to set limits with others, but it's important to master yourself first. We are often our own worst enemy. We're quick to give ourselves excuses when we opt for the easy way out instead of showing up as the person we truly want to be." Dr. Phil Pearlman: The Seasonality Of Weight Gain "The Right Foot Rule says start the day super healthy. For me, this means 2 things. 1.) Getting a run or a workout in before the festivities begin, and 2.) Making sure the first thing you eat is healthy and satiating. This might mean having a bunch of eggs before the party or maybe you go in hard on the turkey before having anything else." Darius Foroux: To Build Inevitable Wealth, Simply Avoid Financial Ruin "There are multiple ways to build wealth. You can get rich in endless ways. That’s exactly what makes building wealth so difficult." Not Boring: Discounting Belief "The more uncertainty there is around cash flows and valuation methodologies, the more sensitive an asset should be to changes in the macro Belief Rate. That, I think, is the main reason crypto prices jumped so high during the 2020-2021 bull run and why they’ve tanked so hard in this bear market." A Wealth Of Common Sense: The S&P 500 is Not the Economy "But even if you had a crystal ball that foretold which one of those scenarios was coming in the new year, it probably wouldn’t help you predict what’s going to happen to the stock market." The Reformed Broker: Past Performance "Stocks have been the best asset class in terms of outperforming inflation over the last century. We know this for certain. Over the last seventy years, stocks are undefeated versus inflation, but only over the longest time horizons. Stocks have outperformed inflation 100% of the time over all twenty year periods." All About Your Benjamins: Why I'm Thankful I Burned Out "While you reflect back on what you’re thankful for this Thanksgiving holiday weekend don’t forget to look at the imperfect events in your life that with the benefit of hind...

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/BIjuR1wGoVU Week In Review Articles The WSJ: Inflation Sits at 8.2% as Core Prices Hit Four-Decade High The WSJ: Dow Closes More Than 800 Points Higher in Volatile Day The WSJ: Mortgage Rates Hit 6.92%, a 20-Year High The WSJ: Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades https://twitter.com/jayclouse/status/1580535354343686145 ☝️You can replace creators with everyone ☝️ Weekly Mixtape Morgan Housel: Little Rules About Big Things "People have vastly different desires, except for three things: Respect, feeling useful, and control over their time. Those are nearly universal." Casey Grisez: Resistance "I resorted to writing "STS = LTS" at the top of all my notes and papers: Short-Term Sacrifice equals Long-Term Success. (No, I was not one of the cool kids.) I wanted to remind myself to work through the hard classes, long days of homework, late nights, and endless frustration because it would pay off in the end" Andrew Zaro: Every Storm Runs Out Of Rain "While inside of those negative periods, our brains turn on their “pessimism bias,” where our thoughts tend to skew towards the negative, insinuating things will never get better and we are doomed. The truth is rather somewhere in between - as it always seems to happen." Dr. Joy Lere: Fault Lines "The times we choose blame are when we need nuance the most. Blame is easy, but it won’t get you where you want to go. Exert the cognitive effort to practice self-awareness and take a fuller perspective. It's much more likely to pay off. Pointing fingers rarely leads to productive outcomes." The Reformed Broker: You Weren't Supposed To See That "When some people have prosperity and the American Dream is still a brass ring for the masses to reach for, the system works. Everyone stays in line. When the American Dream is actually attained – by everyone all at once – the system buckles. That’s what you’re living through today." A Wealth Of Common Sense: What The Worst Case Scenario For Stocks "But when it comes to investing, you also have to balance being optimistic with being realistic. For me that means being a long-term rational optimist with the understanding that things can and will get really bad in the short-term on occasion." Pragmatic Capital: There's No Fed Pivot Coming "Many people these days are talking about a Fed “pivot”. This idea that they will alter their rate of change in interest rates and manage the “soft landing” they desire. But this implies that they’re in control and still moving the ball towards scoring. No. The Fed has already turned the ball over and they don’t realize it yet. And when they do they’ll have to backpedal. There will be no pivot because you can’t pivot when you’ve already committed a turnover." The Irrelevant Investor: Bad News Is Good News "Stocks go up over time, but they can experience brutal setbacks that make you question everything you once thought to be true. The key to harvesting that long-term return is patience, a strong stomach, and proper risk management, which can vary wildly from investor to investor." PRST: On Our PRST with Austin Keen--The Grinder PRST: The PRST--Why You Need To Keep Your Mind Positive https://youtu.

It's been a little over six months since Terry joined me at RLS Wealth and officially embarked on his "encore". I thought it would be fun to turn the mic on him and ask him what he's learned so far and what he sees coming in the future. We didn't cover everything in this first episode, so we'll be recording a part 2 soon. https://youtu.be/v0NTpm0OVhg Listen (coming soon) Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/sdO81L-GST8 https://twitter.com/lazettabraxton/status/1573853721137713158 Weekly Mixtape Morgan Housel: Incentives--The Most Powerful Force In The World "Stories are the only realistic solution, simplifying complex problems into a few simple sentences. And the best story always wins – not the best idea or the right idea, but just whatever sounds the best and gets people nodding their head the most. " The Reformed Broker: You're Not Good At This "It’s not numbers on a spreadsheet. We’re talking about people’s lives being played with. The social costs of being separated from employment are obvious on an aggregate level. On a local and personal level they can be catastrophic. Creating massive bubbles in one calendar year only to have to pop them in the following calendar year is irresponsible. There should be something in between 90mph and slamming on the e-brake. Is this not taught in PhD school? Most of us are taught moderation in elementary school. The marshmallow test. Impulse control. Nap time. Listening." Bob Seawright's The Better Letter: Working Hypothesis "Free global markets do not test reality directly. But a new product that works better than existing products can garner capital, sales, and profits, making such “truth” actionable. And false claims generally indicate a poor product and lead to fewer sales, providing accountability." Dr. Joy Lere: Third Eye Blind "Humans will go to great lengths to avoid looking in the mirror. The truth can be hard to stomach, but we can only reach our full potential when we dare to see ourselves clearly. This process occurs through relationships. We need other people to refract the parts of us we can’t, don't, and won’t see." Morningstar: The Worst Year In U.S. History For The 60/40 Portfolio "An even better reason not to jump off a cliff is the performance of the 60%/40% portfolio following past occasions in which it lost as much or more as it has this year. Over the five subsequent years following those past occasions, the portfolio turned in well-above-average returns -- as you can see from the table below." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/fBiKKwg_JWQ Week In Review Articles The WSJ: FedEx Stock Tumbles After Warning on Economic Trends The WSJ: Stocks Suffer Worst Day Since June 2020 The WSJ: Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis Coindesk: The Ethereum Merge Is Done, Opening A New Era For The Second-Biggest Blockchain The WSJ: Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate Change https://twitter.com/SahilBloom/status/1571137341997318147 Weekly Mixtape Morgan Housel: Three Big Things: The Most Important Forces Shaping the World "People like to talk about new technologies and innovations, because that’s fun. Demographics aren’t fun. But they’re going to be as important, if not more, to overall economic growth than most innovations over the coming decades." Jim O'Shaughnessy: The Thinker And The Prover "So, let's do this instead—think about what you want your life to look like? Fire up your Thinker and think it through. Then write it, with a pen or pencil on a sheet of paper. When you’re done, read it over and put the sheet somewhere safe. Then, on the next day, do it again but WITHOUT reading what you wrote on the first day. Do this exercise for 10 days in a row. After finishing on the tenth day, review everything you wrote and highlight the items that appear most frequently. Finally, write out a new sheet that contains everything that appeared most frequently in all 10 days.`" A Wealth Of Common Sense: Filling Up Your Dream Bucket "Time is a finite resource for us all but when you know it’s about to run up it can put things into perspective in a way a simple questionnaire could never do." Of Dollars And Data: Should You Invest More After Market Declines "As you can see, across all drawdown thresholds tested, the future returns over the next one, three, and five years are higher than during all other months. If anything, this means that buying the dip in international equities worked better than buying the dip in the US since the late 1980s." Dr. Joy Lere: Unabridged "Everyone you meet is living a story that you know nothing about. Be curious. Have compassion. There are people in your life that want you to witness what they need to share. Show up and shut up. People don't want your trite platitudes or quick-fix solution–they're desperate for your presence." Dr. Phil Pearlman: The Most Boring Superpower Ever "In fact, using energy to exercise is the only thing in the universe that does not follow the laws of conservation of mass and energy, because, somehow,  the more energy you use the more you have." Humble Dollar: Tiresome Debates "That raises the obvious question: If what I say is true, why do many folks resist paying down debt? Some may have mortgages or other debt with interest rates that are less than the yield they can earn on bonds, so buying bonds would be the rational choice." The PRST: Life Planning > Financial Planning x Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/7JjhGyKhsv8 Week In Review Articles The WSJ: Biden’s Student Loan Forgiveness Plan to Cancel Up to $20,000 in Debt for Millions The WSJ: Powell Says Fed Must Show Resolve in Fighting Inflation The WSJ: More Stocks Are Taking Part in Bounceback Rally The WSJ: Investors Ramp Up Bets Against Stock Market as Summer Rally Fizzles https://twitter.com/nylebayer/status/1561547282679443457 Weekly Mixtape Morgan Housel: Big Beliefs "Sitting still feels reckless in a fast-moving world, even in situations where it offers the best odds of long-term compounding." Dr. Joy Lere: Crossed Wires " When we only give people fragments of our attention, we only hear broken parts of their story. True listening isn't an auditory exercise--it's is an experiential one." Dr. Phil Pearlman: On Building Resilience "Making ourselves uncomfortable as a habit whether it be through rigorous exercise, taking cold showers, or having difficult conversations etc preconditions us for the life setbacks which inevitably occur." A Wealth Of Common Sense: Two Predictions "Obviously, most of the people who buy a house have to sell their current home since people will always have to move for one reason or another so it’s not like supply is going to vanish altogether." Kyla Scanlon: Getting POW'ed "I think one thing that strikes me about ‘Quiet Quitting’ is the clear lack of passion for the work, which again makes total sense. A lot of jobs don’t really have things for people to be passionate about - but is passion disappearing entirely?" Young Money: F*ck You Money "A small increase in wealth leads to a massive increase in happiness when you have little, and massive increases in wealth hardly move the bar as net worth increases. For this exercise, it is important to note that happiness is very low when wealth is zero." A Teachable Moment: Forty-One Quick Tips For Health, Happiness, and Wealth "Work on being present. The past and future are only passing thoughts in our minds." All About Your Benjamins: Helping Clients Create Lives, Not Just Get Through Life–A Talk With The FPA of Orange County https://youtu.be/0y29DW156m4 All About Your Benjamins: More Than Money--A Book From The AGC Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/Q5rhEOCYrJ8 Week In Review Articles The WSJ: Biden Signs Bill Aimed at Lowering Drug Costs, Boosting Renewable Energy CNBC.com: Jobless claims edge lower as Fed looks to cool labor market The WSJ: U.S. Home Sales Dropped in July for Sixth Straight Month The WSJ: Andreessen Horowitz Backs WeWork Co-Founder Adam Neumann’s Real-Estate Startup Flow https://twitter.com/thejustinwelsh/status/1560295995119964163 Weekly Mixtape A busy week of travel, so not much time for reading. The recommended reading will be back next week. Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/NqrSYw17arw Week In Review Videos CNBC.com: Consumer Prices Rose 8.5% In July, Less Than Expected As Inflation Pressures Ease A Bit The WSJ: July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5% The WSJ: FBI Recovered 11 Sets of Classified Documents in Trump Search, Inventory Shows The WSJ: Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers The WSJ: Consumers Are Still Spending on Fun https://twitter.com/Steph_Bogan/status/1557723198904365058?s=20&t=53vJbP0BUy3JtF3qDrNmgg Weekly Mixtape Morgan Housel: Rare Skills "We are all prisoners to our past, products of our generation, and influenced by who we’ve met and what we’ve experienced, most of which has been out of our control. Some are worse than others, and some are more aware of their blindspots. But everyone has a firmly held belief that an equally smart and informed person disagrees with." Dr. Joy Lere: Crossed Wires "You've missed the mark if you hear someone's words but fail to connect what is coming through your ears to your head, hands, and heart. " Dr. Phil Pearlman: Three Years And A Day "Alcohol is much worse than people acknowledge. It’s terrible for our health whether we have lost things directly or not." Jared Dillian: Maintaining Relationships "I think that maintaining relationships is a habit of highly effective people. But people come and go in your life. The friends you have today are probably not going to be the friends you have ten years from now." Young Money: 1+1=3 "What I could do, however, was weave a different narrative so compelling that neither my alma mater nor employer would matter all that much in the first place." Darius Foroux: It's Time To Rethink Retirement "Finally, Okinawans don’t have a word for retirement. It doesn’t exist for them. Instead, they have “Ikigai.” Which means “reason for being.” They tend to remain active and avoid becoming passive." The Irrelevant Investor: What Moves Markets? "In the short term, the market is all about positioning and expectations. Things can sell off on great news if expectations are too high and they can rally on terrible news if expectations are too low. It’s not about good or bad, it’s about better or worse." Humble Dollar: What They Believed "Here are six financial opinions that were then widespread—but have since fallen by the wayside:" Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/IHuTKVuHnvo Week In Review Articles The WSJ: Fed Lifts Rates by 0.75 Point Again The WSJ: U.S. Stocks Rise, Giving S&P 500 Best Month Since 2020 The WSJ: Rich Americans Keep Borrowing, Defying Economic Gloom The WSJ: Single Ticket Wins ​$1.337 Billion Mega Millions Jackpot https://twitter.com/DeadCaitBounce/status/1552465759317655552 Weekly Mixtape Morgan Housel: Tails You Win "A takeaway from that is that no matter what you’re doing, you should be comfortable with a lot of stuff not working. It’s normal. This is true for companies, which need to learn how to fail well. " Jonathan Clements: Now And Them "But in the end, managing time is more important than managing money, because time is the ultimate limited resource. I should lead a more balanced life. I know that intellectually. But I’m still trying to convince myself." Young Money: What Recession? "The extent to which you believe our economy is cratering has more to do with your perception of reality than reality itself. The more that you normalized the euphoria of the last few years, the stronger your negative feelings will be." Dr. Joy Lere: The Struggle With Solitude "When we get uncomfortably honest about why we don't want to slow down, I believe it's because, on some level, we are terrified. If you pay close attention to yourself, what might you learn? There is a lot people are afraid to discover." A Wealth Of Common Sense: Why The Financial Goalposts Are Always Moving "Moving the financial goalposts is an odd paradox of the human experience. On the one hand, it’s a good thing we’re so driven to improve our place in life. The drive to get better is what fuels innovation, growth and progress. But those same attributes can also drive you mad if you never feel satisfied with your accomplishments or blessings." Your Brain On Stocks: "Some Worry" s "The implication being that if “some worry” about that possibility, then perhaps more should also worry. So if we’re not super worried, should we be worrying? Are “some” smarter than us? If “some” are doing something, should we be doing something? Before we know it, we’re inhaling the secondhand worry, absorbing the negativity via osmosis." All About Your Benjamins The Podcast: The Next Episode--Cogli L' Attimo Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/2oZ23DV5CIs Week In Review Articles The WSJ: Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point The WSJ: There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough? The WSJ: Heat Wave Hits U.S. Farms, Stressing Crops and Ranchers’ Herds CNBC.com: Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers The WSJ: ECB Raises Rates by Half-Percentage Point in First Hike Since 2011 The WSJ: They Thought ‘Crypto Banks’ Were Safe, and Then Came the Crash The WSJ: Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover https://twitter.com/aaraalto/status/1550900882828627969 Weekly Mixtape Will be back next week...didn't do much reading on vacation. Khe Hy: There's No Playbook For Grief “When someone we love dies, we get so busy mourning what died that we ignore what didn’t.” Justincastelli.io: Holding On To What Was Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

Terry and I both have "cogli l'attimo" tattooed on our foreams to remind us to seize each day. In this episode we start off by talking about making the most of each day and then head off to other topics. https://youtu.be/iZZwAZLbQ8w Listen: Apple Podcasts Spotify Google Podcasts Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/JD_WfxjZVqU Week In Review Articles The WSJ: U.S. Added 372,000 Jobs In June CNBC.com: Here's Where The Jobs Are For June 2022--In One Chart The WSJ: Inflation Fears Drove Larger Fed Rate Increases In June The WSJ: Oil Prices Pulled Lower By Dimming Demand CNBC.com: Another Hot Inflation Report And The Start Of Earnings Season Make For A Challenging Week Ahead The WSJ: Elon Musk Seeks To Abandon $44 Billion Twitter Deal The WSJ: Gru Brings Families Back To Movie Theaters https://twitter.com/jackbutcher/status/1545956683113009153 Weekly Mixtape Morgan Housel: Lifestyles "Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That’s his sole benchmark." Dr. Joy Lere: The Summer Of A Thousand Goodbyes "Transitions are not my favorite thing. I've been forced to become agile, but I don't always love it. I find moving hellacious. As I brace for relocation, I tend to go through a grief process that includes sorrow and rage. Each time my address changes, I'm leaving a lot behind. I look at my life in boxes and my heart aches. Still, I've come to appreciate that's a good sign.' Dr. Phil Pearlman: Elements Of Successful Progression "With health and fitness especially, most quick fixes are not real and behaviorally, they are terrible, as they prevent intrinsic motivation and identity development." A Wealth Of Common Sense: What Should Long-Term Investors Buy During A Bear Market? "You will never hit the cover off the ball with a diversified strategy but you will always end up on the winning team. Owning the market, by definition, means you will own the winners, even if you don’t know what they will be in advance." Of Dollars And Data: In Defense Of Dollar Cost Averaging "Don’t fear though, because I am here to defend dollar cost averaging as the greatest investment approach ever invented for the individual investor. How so? Because I’m going to show you how it held up during one of the worsts period in U.S. stock market history—the mid 1960s to the early 1980s. And if it worked there, it can work anywhere. Let’s dig in." Jared Dillian: Ambition "Ambition is a good thing. Sometimes I will recommend someone for a job. Inevitably I tell them: if you want to hire someone who is smart and ambitious, don’t be surprised if they turn out to be smart and ambitious. Ambition is good, but ambitious people can upset an organization." All About Your Benjamins: Talking To Our Kids About Money--Fox 59 News Justincastelli.io: PRST & The US Olympic Breaking Hopefuls Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/dmVXymKbVbg The WSJ: Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside The WSJ: Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession The WSJ: Facebook, Netflix and PayPal Are Value Stocks Now The WSJ: Supreme Court Overturns Roe v. Wade, Eliminates Constitutional Right to Abortion https://twitter.com/DrPrestonCherry/status/1539975055274192898 Weekly Mixtape Morgan Housel: Keep It Going "It’s astounding, isn’t it? Some of the best athletes in the world spend almost all their time working way below potential, purposefully not pushing themselves to the limits." Jack Raines: A Politically Incorrect Blog Post "When you have the power to make decisions that impact the lives of hundreds of millions of people, the real-life, actual outcomes and consequences of your decisions should be more important than the white knight crusade that you believe that you are embarking on." A Wealth Of Common Sense: How Long It Take For Stocks To Bottom In A Bear Market? "As always you can find historical data that makes you feel better or worse about the current situation." The Irrelevant Investor: Three Types Of Investors "The most overwhelming display of selling in history. Wow. Turns out that people are fearful when others are fearful, even “the smart money”." Packy McCormick: Web3 Cases Today "Whether today’s most popular web3 use cases feel silly or legitimate is a matter of opinion. Even if you fall on the “silly” side of the spectrum, that only means that you find them silly, not that they’re not real use cases." PRST: Somewhere Between Jay Shetty and Ramit Sethi Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.