We’re rolling out the Roundup a little early this week. Enjoy!
Victory belongs to the patient (Larry Swedroe, The Evidence-Based Investor). When it comes to investing, 10 years isn’t a long time. (The Vanguard study referred to in this piece is here — in PDF.)
The psychology of the stock market, in one image (Cullen Roche, Pragmatic Capitalism). Becoming a successful long-term investor requires fighting a battle that takes place primarily between your ears.
Pandemic + Recession = Multiple Expansion? (Charlie Bilello, Compound Capital Advisors). The S&P 500’s P/E ratio has moved from 20.6 at the start of 2020 to 30.3 today and is on pace for the highest year-end multiple in history. What a wild year.
My 2020 investing lessons (Ben Carlson, A Wealth of Common Sense). Among them, "The stock market has the ability to make you feel like an idiot and a genius in the same year."
Fund investors have been a steadying force (John Rekenthaler, Morningstar). "Historically, fund investors have been regarded as among the least stable of stock-market participants.... [They] can readily indulge their emotions. However, they do not appear to have behaved that way [during this year’s downturn]."
The best way to organize your assets (Nick Maggiulli, Of Dollars And Data). "Best" is perhaps too broad a word (everyone’s situation is different). But his advice is worth considering.
The clock is ticking. Here are some money moves to make before the year ends (Dave Gilreath, CNBC). Most of these suggestions relate to reducing your 2020 tax liability.
Still have money in your flex spending account? Here’s how you can spend it down (CNBC). It’s unfortunate that FSAs have a "use it or lose it" aspect.
Tax benefits of donating to charity (Jim Dahle, White Coat Investor). This is from a site targeted to doctors, but the article is helpful for anyone who wants to be both generous and tax-efficient.
True generosity (Leo Sabo, Christian Stewardship Network). This article quotes one of my favorite verses related to giving: "For all things come from You, and of Your own we have given you" (1 Chronicles 29:14 NKJV).
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