Summertime — and the living is easy. Or not.
Whatever life may be serving up right now, we hope you'll find time to grab a cold drink, plant yourself in a shady spot, and sample this week's Roundup. Enjoy!
- 2021: The half-year in charts (Charlie Bilello, Compound Capital Advisors). Some of these charts are encouraging. Others are concerning.
- U.S. retail sales unexpectedly rebound in boost to economic growth (Reuters via Fidelity). I wish I had a nickel for every time the word "unexpectedly" is used by the financial press.
- Want to dip a toe into bitcoin? Here's how to invest in cryptocurrency. (Wall Street Journal). An overview of the pros and cons.
- Too smart (Morgan Housel, Collaborative Fund blog). In investing, and in many other areas, it's the boring things that are the most important.
- Wall Street has surrendered to the $500 billion ETF rush (Bloomberg via Yahoo). As investors continue to migrate to exchange-traded funds, even the most-storied money managers are launching ETFs.
- Social Security cost-of-living adjustment looks uncertain (Morningstar). Based on current estimates, the 2022 COLA could be more than 6%. But that'll be offset somewhat by a hike in Medicare Part B premiums.
- Saving money for retirement with an HSA (Bob Lotich, Personal Finance By the Book). A good summary of the benefits of Health Savings Accounts.
- Are you getting a monthly payment for your kids? Check the IRS's Child Tax Credit portal (Kiplinger). The maximum monthly payment is $300 for each child under age 6. It's $250 for children from 6 through 17.
- When money is no object (Jason Zweig, WSJ). Cashless payment has made money increasingly intangible. What are the longer-term consequences?
- Why understanding God's ownership is essential (R. Scott Rodin via National Christian Foundation). The foundational principle for everything else.
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