As we head into Labor Day weekend, here’s our latest roundup of interesting articles on investing, personal finance, and stewardship.
In 2022, stocks and bonds are down more than 10%, something we’ve never seen (Tweet from Charlie Bilello, Compound Advisors). Check out the accompanying performance table.
Hopes for Fed pivot have faded, sapping stocks’ momentum (Wall Street Journal). "Investors are debating what’s worse, the illness [i.e., inflation] or the cure."
It’s different this time (Michael Batnick, The Irrelevant Investor). "For the first time since January 2013, the S&P 500 has not been within 5% of its all-time high for [more than] 90 days."
Retirees aren’t the only ones who face sequence risk (John Rekenthaler, Morningstar). Advice to the young: Bear markets are a great time to start investing.
Win an income-tax trifecta with charitable donations (Wall Street Journal). With a traditional IRA, there’s no tax on contributions, no tax on annual growth, and — if left to charity — no tax on assets at death.
Who holds the student loan debt? (Nick Maggiulli, Of Dollars and Data). Much interesting information here.
These funds hold just 1 bond. Why they’re revolutionary. (Barron’s). Investing in a single bond has always been more complicated than investing in multiple bonds via a bond fund. Until now.
Break up the ESG investing giants (Dan Morenoff, Wall Street Journal). "BlackRock, Vanguard and State Street [use] their dominance in passive-investment funds to force corporations to comply with their...environmental, social and governance [ESG] policies," writes the author, a civil rights attorney. And that’s not the only concern he raises about the three fund companies.
Op-ed: The IRS just isn’t prepared for the Inflation Reduction Act (Scott Hodge, CBNC). Guess what? Congress just handed the IRS an even more complicated tax code.
The deeply personal reasons people give financially (Barna Group). A research study finds most "practicing Christians (60%) [say] true generosity is always a response to Christ’s love."
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