Here’s our just three-weeks-until-Christmas Roundup of interesting articles on investing, personal finance, and stewardship.
Grab a mug of hot cocoa and read on!
The ’everything rally’: vaccines prompt wave of market exuberance (Financial Times via The Finance Info). Whether the exuberance is rational remains to be seen.
ETF flows smash record (Morningstar). This article notes that by one measure of market performance, November was "the best month for global stock markets in at least 20 years."
Biden names a liberal economic team with the pandemic threatening workers (AP via Time). But "they are intellectual liberals...not burn-it-all-down socialists," says one observer.
CFOs feel confident Biden won’t be able to raise the corporate tax rate to 28%: Survey (CNBC). The presumptive president-elect wants a tax increase, but with Republican gains in the House and (as yet) no significant Democratic gains in the Senate, he likely would be stymied by Congress.
Pelosi and McConnell resume talks as Congress rushes to strike a COVID stimulus deal (CNBC). "Compromise is within reach.... We can do this," says Senate Majority Leader Mitch McConnell (R-Ky.).
When bad taxes happen to good funds (Morningstar). Gains distributed to investors in taxable accounts can create significant end-of-year tax bills. Here are examples.
How I invest my own money (Ben Carlson, A Wealth of Common Sense). The last line of this one is a keeper: "[I invest] like the glass is half full but [save] like the glass is half empty." Words to live by.
Lessons from coin-flipping gurus (Jon Petersen, Novel Investor). Something with the worst odds of success will pay off every now and then. But that isn’t the same as having a reasonable strategy and a long-term perspective.
The reasonable optimist (Morgan Housel, Collaborative Fund Blog). The "reasonable optimist" expects the world to break all the time. But he knows the long-term trend is favorable.
Ain’t everything (Jonathan Clements, Humble Dollar). Ensuring that money has the right importance in your life — and no more.
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