Doc G of the Earn & Invest Podcasts talks with Jonathan DeYoe of Mindful Money about how to be thoughtful about what our financial framework is meant to support. Jonathan takes us through his pillars of happiness and how to use them to create a financial plan that serves our unique goals in life.
To borrow from Churchill, “The balanced (stock/bond) portfolio is the worst form of investing known to man, except for all the other forms.” Those people who are suggesting – based on its immediate past 1-year performance – that the 60/40 portfolio is dead are probably trying to sell something that isn’t a balanced stock/bond portfolio.
Expectations and Reality | Life is Too Short? Bereaved Managers and Investment Decisions | Daily Meditation May Work As Well As a Popular Drug to Calm Anxiety, Study Finds | Rupert Murdoch Knees Trump in The Balls While He’s Doubled Over Coughing Up Blood | Ballerina Music Box
For me, worrying isn’t just a sense of anxiety. It is a push to learn more. After I did some research and learned a little bit about how earthquakes work, I wasn’t worried about them anymore (or, at least, I worried less). Earthquakes and the fear of earthquakes are a pretty good stand-in for “market volatility.”
Stock selection is hard because leaders change hands. 25 years ago Apple was nearly bankrupt – and if it wasn’t for Microsoft’s last-minute investment, it would have gone under. Now it is the largest company in the world (by market cap). This is one reason that academics (and evidence-focused advisors like me) suggest that owning a broadly-diversified index of stocks in a low-cost vehicle like at ETF makes an enormous amount of sense.
Fast Unicorns Frequently Fade | An Epidemic of Delusions | The Right Way to Be Introspective (Yes, There’s a Wrong Way) | An End to Doomerism | Why Saving Is More Important Than Investing
Kevin Kelly: The Case for Optimism | Discover the Best Graduation Speeches | A Fitness Guide to Preventing Dangerous Falls in Old Age | What Happened to Giving Money to Charity? | The Tragic Irony of Overconfidence in Investing
Mindful Money - broadly sharing basic financial education and presenting the simple actions that enable and inspire wealth-building - is my "Second Mountain." This is the purpose of this reading list. These are the core books that have helped me establish my own set of financial beliefs and behaviors that can work for anyone who is climbing their own mountains.
Historical Roots of Economic Disparities for African-Americans | Your Explanations Are Not True | Validea: Market Valuation | Financial Bloodletting: Don’t Let This Happen to You | Tiresome Debates
The World Really Is Getting Better | Does Mindfulness Get in the of Making Amends? | 11 Ways to Encourage Mindfulness for Kids | Passive vs. Active Investing: Why Passive Wins | New Study Shows 20 Years of Failure for Active Managers | Mindful Investing: Better Investing Outcomes; Less Suffering
The great companies of the US and the World are on sale. That sale may (or may not) get better. If it does get better, it won’t get that much better. There will be some point in the not-too-distant future where we look back at today – the September retest of the June low – and say, “I wish I would have invested then.”
On Sarcasm | Misinformation Is Here To Stay (And That’s OK) | A Flaw in Human Judgment: How Making Decisions Isn’t As Objective As You Think | The Disastrous Record of Celebrity Crypto Endorsements | What Do You Spend Money On? Lessons From Our Clients About Spending that Brings True Joy
There is a lot of negative news out there right now. Inflation is the worst it has been in 4 decades, there may be a recession around the corner, supply chains are still problematic. When will it end? I don’t know, but I’d be careful about getting overly swept up in it.
Because our educational system teaches next to nothing practical about personal finance, there are usually two ways people come to the idea of personal financial education. Either they are in a crisis of a particular kind, or they are finally realizing that some general financial education would be helpful as they go about their regular lives.
Not Financial Advice. | Compounded Luck | Mentality | The Word of the Year Is: Sophistry | In Praise of Pointless Goals | Lifestyles
The best way to completely destroy any chance for lifetime investment success has historically been to sell one’s quality equity portfolios in a bear market. In Warren Buffet’s words, it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.”
Optimism When All Else Fails | Beach Currents Don’t Have to Be This Deadly | The Best Parenting Advice I’ve Ever Gotten | Hiring and Neurodiversity | Keep It Going | Is Passive Investing A Blatant Lie?
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.
It is impossible to know where today’s 8.6% inflation will lead. If it hangs on for too long, it will begin hurting everyone’s retirement income plan. Our definitions of "money" and "wealth" hinge on successfully solving the retirement income problem.
Generating Alpha Sows the Seeds of Its Own Destruction | Going to the Gym in the Dark | How to Be Healthy in a Dopamine-Seeking Culture | The 51 Most Beautiful Places in the World | The Financial Risks of the Stories We Love