Here's our weekly Roundup of interesting articles on investing, general finances, and stewardship.
- Bad news is good news (Michael Batnick, The Irrelevant Investor). "The key to harvesting...long-term [returns] is patience, a strong stomach, and proper risk management."
- As U.S. markets churn, some stick with rare 2022 winner: energy shares (Reuters via Fidelity). This will be of interest to SMI's Sector Rotation investors.
- September inflation report: Prices rise faster than expected (New York Times via archive.ph). "The trend is very troubling."
- Social Security cost-of-living adjustment will be 8.7% in 2023, highest increase in 40 years (CNBC). Fortunately for SS beneficiaries, as inflation rises, so do benefits.
- Social Security COLA to raise taxes for some Americans (Wall Street Journal). The thresholds for taxes on Social Security benefits aren’t adjusted for inflation.
- Visualizing 40 years of U.S. interest rates (Visual Capitalist). The highest average annual interest rate was 13.9% in 1981. The lowest was 0.9% in 2020.
- The last time the Fed created a recession (Ben Carlson, A Wealth of Common Sense). The economy was between a rock and a hard place in the early '80s, with no easy way out.
- Medicare open enrollment starts now. What you need to know. (Kiplinger). Open enrollment runs from Oct. 15 through Dec. 7, giving beneficiaries an opportunity to review options and make changes.
- These colleges promise no student debt: 'Loans are not part of the deal' (CNBC). More than 20 schools now have "no-loan" policies. They'll meet 100% of an undergraduate's need for financial aid with grants rather than education debt.
- Eleven giving guidelines to fight the pull of materialism (Randy Alcorn via MoneyWise). "Giving affirms Christ’s lordship and breaks the chains of mammon."
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