Here’s our mid-January Round-up of articles on investing and personal finance. We hope you find them interesting and helpful.
Rationality in investing (Ashby Daniels, Retirement Field Guide). Rational long-term decisions can’t be made based on irrational short-term market moves.
Something of value (PDF) (Howard Marks, Oaktree Capital). In his latest memo to clients, Marks argues that making a sharp delineation between Growth and Value approaches to investing isn’t "essential, natural, or helpful, especially in the complex world in which we find ourselves today."
Charted: How the S&P 500 generated fantastic returns in a tough year (How Much). The year that was. We’ll probably never see another like it.
It’s time to prepare for markets & the economy to get weird (Ben Carlson, A Wealth of Common Sense). "Here’s the problem for those who think the current cornucopia of easy monetary and easy fiscal policy can last forever: Something has to give."
When and how should investors make forecasts? (Joe Wiggins, Behavioural Investment). "Even the biggest sceptic of the folly of market and economic predictions is inevitably expressing views about the future when making an investment decision." (Wiggins is British, hence the non-American spellings.)
Third stimulus check update: Biden calls for $1,400 payments as part of $1.9 trillion relief package (Kiplinger). A trillion here, a trillion there...
Drawing it down (Brian White, Humble Dollar). Three approaches to setting an annual spending level in retirement.
If you aren’t thrilled with your Medicare Advantage Plan, now is the time to swap it or drop it (CNBC). The window for modifying coverage runs from January 1 through March 31.
When Roth conversions are the right move – and when they aren’t (Mark Kenney, Kiplinger). The answer to every tax-related question begins with the words, "It depends."
Lost passwords lock millionaires out of their Bitcoin fortunes (New York Times). I can’t imagine being in this situation.
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