August already? How did that happen? 🤔 Anyway, here is SMI's latest Roundup of recent articles on investing, personal finance, and stewardship. We hope you find them interesting and helpful!
Investors can't stop believing (Axios). After a short slump, stocks have jumped higher — led once again by the tech giants.
Too much investment innovation exploits investor behaviour (Joe Wiggins, Behavioural Investment). In a world easy and frictionless trading, the frequency of behavioral mistakes increases.
The biggest risk of rising bond yields (Ben Carlson, A Wealth of Common Sense). "Mortgage rates are closing in on 7% again." – Related: The income needed to afford typical American home holds steady near record high of $110,000 (Redfin).
From stepped-up basis to IRA rules: How your inheritance actually gets taxed (Kiplinger). Whether you owe taxes depends on what you inherit, where you live, and if the inherited assets produce income (or are sold).
How to plan a vacation (Heather Boneparth, The Joint Account). Pursuing a shared goal you're excited about helps you practice "the behaviors that make every other financial goal possible. You communicate. Prioritize. Make tradeoffs. Save consistently."
Think you need $1 million to retire? 6 reasons a 'modest' nest egg is plenty (Kiplinger). Guess what? People with smart financial habits don't need as much money to live on.
Ranked: The income needed to be happy around the world (Visual Capitalist). Researchers have identified a “satiation point,” beyond which more income no longer improves reported happiness. That point varies widely from country to country.
C. S. Lewis on hell — and your financial plan (Tim Maurer, The Net Worthwhile® Weekly). Many people who are "rich" aren't truly wealthy — because they lack contentment.
Reflecting the generosity of God (Jill Foley Turner, National Christian Foundation). God is generous, and his desire is for each of us to reflect his nature.
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