Some of the best investing and personal finance articles from around the web.
- Economy added 1.4 million jobs in August, and the unemployment rate fell below 10 percent (Washington Post). There’s good news, and reason for caution, in the latest jobs report.
- The pandemic has created a class of super savers (The Atlantic). Many people who still have jobs are spending a lot less than usual on vacations, entertainment, gasoline, and more. That presents a unique opportunity. Will the extra money be used wisely, or will it just be spent on other things?
- How to create a retirement policy statement (Morningstar). You’ve probably heard of an investment policy statement. A retirement policy statement is similar, but with some unique twists.
- When retirement comes too early (NY Times). With the kids on their own and the mortgage paid off, you might think there’s less need for an emergency fund. But in the 10 years or so before you plan to retire, a new threat looms.
- Non-profit sector, slammed by the pandemic, needs the generosity of investors (CNBC). As you evaluate your generosity “portfolio,” now’s the time to seek “disproportionately substantial returns” on “essential units of impact.”
From the blogosphere…
- The two variables that drive stock prices (A Wealth of Common Sense). One is fairly easy to calculate. The other? Not so much.
- A little bit of friction can make us better long-term investors (Behavioural Investment). The importance of making it more difficult to do the wrong thing.
- What a difference a day can make (Independence Advisors). Another reminder not to overreact to bad days in the market.
- Why do poor people stay poor? (Of Dollars and Data). Interesting new research about escaping “the poverty trap” and perhaps some new insights into how the money given toward helping the poor can be used most effectively.
- Brain candy (Humble Dollar). Like financial calculators? Here are some favorites of long-time financial journalist Jonathan Clements.
We’d love to hear your responses to any of the above. To weigh in, just meet us in the comments section.