It's May! And here's our heading-into-the-weekend Roundup of reads on investing, personal finance, and stewardship. Enjoy!
- U.S. stocks are back on course after a seven-month detour (Bloomberg). But several notable things have changed since last autumn.
- 21 Vanguard ETFs get fee cuts (ETF.com). The reductions are small, but that's because the fees were quite low already. Three of the 21 ETFs are in our Just-the-Basics line-up.
- Why wages are finally rising, 10 years after the recession (New York Times). The wage-growth "mystery" that has vexed economists in recent years may not have been such a mystery after all.
- Early look at tax data shows average bill dropped in 2018 (San Francisco Chronicle). Turns out that the tax-cut bill that took effect last year actually cut taxes for most people(!), at least based on evidence from tax preparer H&R Block.
- The best quotes from 5 Christian college graduation speakers (Crosswalk). Some good stuff here that touches on stewardship, including (from David Kinnaman): "As graduates, you're prepared for success, but are you prepared for suffering?... [You] are going to face challenges that [you] don't expect, anticipate, or want. I can tell you from personal experience that Jesus is close at hand."
And from the investing bloggers and pundits...
- Cash is king (Humble Dollar). Don't despise your relatively low-earning emergency fund.
- What I wish I knew about money throughout the years (Jackie Lam, Mint Life). "Learning money lessons at a younger age would’ve saved me some grief, but the best teacher is life itself."
- Medical costs slam a minority of seniors (Squared Away blog). The retirees facing the greatest financial risk from health expenses are those who own a house and have retirement savings.
- Nobody gets out alive (Tony Isola, A Teachable Moment). I didn't know this: On average, a company that makes it into the vaunted S&P 500 stays there only about 20 years.
- Investing lessons from the reigning Jeopardy champ (Ben Carlson, A Wealth of Common Sense). To succeed requires more than intelligence. You have to understand how the system works.
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