Since we'll be posting SMI's June issue this Friday, the weekly Roundup makes an early appearance this week. Here it is!
Investment junk food (Joe Wiggins, Behavioural Investment). Financial markets may be chaotic and fascinating, but your portfolio should generally be stable and dull.
The stock market usually goes up (but sometimes it goes down) (Ben Carlson, A Wealth of Common Sense). The upside of stock market investing vastly outweighs the downside — but don't be Pollyannish.
Leading Economic Index contracts for yet another month (Liz Ann Sonders via Twitter). It's the 13th month in a row.
The phony debt-ceiling 'calamity' (Conor J. Clarke and Kristin A. Shapiro, Wall Street Journal). Take debt-ceiling doomsday scenarios with a grain of salt, say two experts on constitutional law.
A debt-ceiling deal will spark a new worry: Who will buy the deluge of Treasury bills? (MarketWatch). "There are always buyers. It's a question of price."
How to buy Treasury bonds (Kiplinger). You can purchase them directly from the U.S. government, via a brokerage firm, or through an ETF.
Interest rates on federal student loans to be highest in decade (Nerd Wallet). Students borrowing for 2023-24 will face a 5.50% federal student-loan rate. PLUS loans (aimed at parents) will top 8.00%.
The healthcare plan most people should buy — and why they don't (Wall Street Journal). It's tough to beat the combination of a high-deductible health plan and a triple tax-advantaged Health Savings Account. Even so...
Does retirement cost less as we age? (Chris Cagle, Retirement Stewardship). You may be able to live on 70% to 90% of your pre-retirement income if...
Financial considerations for people who have enough (The Long View podcast, Morningstar). Audio (and a transcript) of a conversation with the author of More Than Enough: A Brief Guide to the Questions That Arise After Realizing You Have More Than You Need.
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