Here's our weekly roundup of financial news and comment. Enjoy!
- It was a gut-wrenching trade, but investors who bought the day before Lehman failed are up 130% (CNBC). It's not timing the market but time in the market...
- Fidelity expands zero-fee lineup with two new index mutual funds (Bloomberg). And then there were four.
- Projected 2019 tax rates, brackets, standard deduction amounts and more (Forbes). Unofficial, but probably very close to what the IRS will announce in a few weeks.
- 2019 Social Security cost-of-living adjustment now expected to be 2.8 percent (Investment News via Google). A 2.8% increase would boost the average Social Security benefit by $39 next year.
- Got flood insurance? Thousands of homeowners in Hurricane Florence’s path do not (McClatchy). Florence likely will cause billions of dollars in uninsured losses, experts predict.
And from the pundits and bloggers...
- Don't take asset allocation advice from billionaires (Ben Carlson, A Wealth of Common Sense). People with millions and billions don't have to be as disciplined with their money as you and I do.
- Why (prudent) spending rates matter more than savings rates (Michael Kitces). Lots of people talk about savings rates, but "there is remarkably little guidance available to households about what a prudent spending rate should be."
- I made one simple financial change and it lowered my spending (Joe Pinsker, The Atlantic). After reporting on personal finance, this author used behavioral economics on himself.
- When free isn't free (John Rekenthaler, Morningstar). Even with falling prices, fund companies always have a way to make money.
- Found money (Meb Faber Research). A few ways to raise extra cash, if you're willing to invest a little time and energy.
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