The S&P 500 declined 23.6% from it’s all-time high of 4,796.6 on January 3rd to a closing low (so far) of 3,666.8 on June 16th. The index finished its worst first half since 1970 at 3785.4. The violence of the decline peaked in mid-June when the market ran off a streak of five out of

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Featured Articles: Good Writing From Around The Web One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck: Survey My mom might say, “Cry me a river.” We need an income, and that income should grow throughout our lives. But financial success has never been just about what we earn. Oliver Burkeman’s Last Column: The Eight Secrets to

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Historically, it seems the primary function of financial journalism (perhaps all journalism) is to scare us out of our wits. We have been reminded of this almost hourly since the S&P 500 entered official “bear market territory” on Monday, June 13th by closing 20% below its previous all-time high set in January of 2022. Bear

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Featured Articles: Good Writing From Around The Web Seven Varieties of Stupidity We seek to better understand intelligence. We should seek to understand stupidity with equal vigor. ‘Everything Is Terrible, but I’m Fine’ I’m doing great; all those other people are suffering. I’m Right, and You’re an Evil Monster It should be strange to us

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Every successful retirement income plan requires a solution for 2 unknowns: Longevity – how long will we need income, and Inflation – how much will prices rise. The fundamental problem of retirement income is building an income that rises to meet your rising cost of living and lasts the rest of your life. Longevity risk

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Featured Articles: Good Writing From Around The Web Generating Alpha Sows the Seeds of Its Own Destruction It’s a cautionary tale. Attempting outperformance leads to underperformance. Going to the Gym in the Dark This is an excellent way to build your “overcoming adversity” muscles. How to Be Healthy in a Dopamine-Seeking Culture And this: The

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These are fundamentals of investing. Successful lifetime investors remain aware of these two realities at all times. When most people hear them in a calm setting within the context of long-term planning, they agree. They don’t push back at all. It just makes sense. It is a fact that doesn’t need proof. It is the

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Featured Articles: Good Writing From Around The Web Aristotle Goes to Hollywood Catharsis is the real power of the Story. When we go from, “That poor man,” to “That could be me,” empathy is born. Earnings Math Catches Up With the Tech Highfliers Earnings drive stock prices. Sometimes this means we can feel comfortable while

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It is obvious that it depends on the depth of a particular bear market. It’s slightly less obvious that it also depends a great deal on how long you have been invested. If you have recently begun investing –OR– if you have recently changed your investing philosophy and a bear market arrives, it is very

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