All About Your Benjamins™

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/sdO81L-GST8

https://twitter.com/lazettabraxton/status/1573853721137713158

Weekly Mixtape

Morgan Housel: Incentives--The Most Powerful Force In The World "Stories are the only realistic solution, simplifying complex problems into a few simple sentences. And the best story always wins – not the best idea or the right idea, but just whatever sounds the best and gets people nodding their head the most. "

The Reformed Broker: You're Not Good At This "It’s not numbers on a spreadsheet. We’re talking about people’s lives being played with. The social costs of being separated from employment are obvious on an aggregate level. On a local and personal level they can be catastrophic. Creating massive bubbles in one calendar year only to have to pop them in the following calendar year is irresponsible. There should be something in between 90mph and slamming on the e-brake. Is this not taught in PhD school? Most of us are taught moderation in elementary school. The marshmallow test. Impulse control. Nap time. Listening."

Bob Seawright's The Better Letter: Working Hypothesis "Free global markets do not test reality directly. But a new product that works better than existing products can garner capital, sales, and profits, making such “truth” actionable. And false claims generally indicate a poor product and lead to fewer sales, providing accountability."

Dr. Joy Lere: Third Eye Blind "Humans will go to great lengths to avoid looking in the mirror. The truth can be hard to stomach, but we can only reach our full potential when we dare to see ourselves clearly. This process occurs through relationships. We need other people to refract the parts of us we can’t, don't, and won’t see."

Morningstar: The Worst Year In U.S. History For The 60/40 Portfolio "An even better reason not to jump off a cliff is the performance of the 60%/40% portfolio following past occasions in which it lost as much or more as it has this year. Over the five subsequent years following those past occasions, the portfolio turned in well-above-average returns -- as you can see from the table below."

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/fBiKKwg_JWQ

Week In Review Articles

The WSJ: FedEx Stock Tumbles After Warning on Economic Trends

The WSJ: Stocks Suffer Worst Day Since June 2020

The WSJ: Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis

Coindesk: The Ethereum Merge Is Done, Opening A New Era For The Second-Biggest Blockchain

The WSJ: Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate Change

https://twitter.com/SahilBloom/status/1571137341997318147

Weekly Mixtape

Morgan Housel: Three Big Things: The Most Important Forces Shaping the World "People like to talk about new technologies and innovations, because that’s fun. Demographics aren’t fun. But they’re going to be as important, if not more, to overall economic growth than most innovations over the coming decades."

Jim O'Shaughnessy: The Thinker And The Prover "So, let's do this instead—think about what you want your life to look like? Fire up your Thinker and think it through. Then write it, with a pen or pencil on a sheet of paper. When you’re done, read it over and put the sheet somewhere safe. Then, on the next day, do it again but WITHOUT reading what you wrote on the first day. Do this exercise for 10 days in a row. After finishing on the tenth day, review everything you wrote and highlight the items that appear most frequently. Finally, write out a new sheet that contains everything that appeared most frequently in all 10 days.`"

A Wealth Of Common Sense: Filling Up Your Dream Bucket "Time is a finite resource for us all but when you know it’s about to run up it can put things into perspective in a way a simple questionnaire could never do."

Of Dollars And Data: Should You Invest More After Market Declines "As you can see, across all drawdown thresholds tested, the future returns over the next one, three, and five years are higher than during all other months. If anything, this means that buying the dip in international equities worked better than buying the dip in the US since the late 1980s."

Dr. Joy Lere: Unabridged "Everyone you meet is living a story that you know nothing about. Be curious. Have compassion. There are people in your life that want you to witness what they need to share. Show up and shut up. People don't want your trite platitudes or quick-fix solution–they're desperate for your presence."

Dr. Phil Pearlman: The Most Boring Superpower Ever "In fact, using energy to exercise is the only thing in the universe that does not follow the laws of conservation of mass and energy, because, somehow,  the more energy you use the more you have."

Humble Dollar: Tiresome Debates "That raises the obvious question: If what I say is true, why do many folks resist paying down debt? Some may have mortgages or other debt with interest rates that are less than the yield they can earn on bonds, so buying bonds would be the rational choice."

The PRST: Life Planning > Financial Planning

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Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/7JjhGyKhsv8

Week In Review Articles

The WSJ: Biden’s Student Loan Forgiveness Plan to Cancel Up to $20,000 in Debt for Millions

The WSJ: Powell Says Fed Must Show Resolve in Fighting Inflation

The WSJ: More Stocks Are Taking Part in Bounceback Rally

The WSJ: Investors Ramp Up Bets Against Stock Market as Summer Rally Fizzles

https://twitter.com/nylebayer/status/1561547282679443457

Weekly Mixtape

Morgan Housel: Big Beliefs "Sitting still feels reckless in a fast-moving world, even in situations where it offers the best odds of long-term compounding."

Dr. Joy Lere: Crossed Wires " When we only give people fragments of our attention, we only hear broken parts of their story. True listening isn't an auditory exercise--it's is an experiential one."

Dr. Phil Pearlman: On Building Resilience "Making ourselves uncomfortable as a habit whether it be through rigorous exercise, taking cold showers, or having difficult conversations etc preconditions us for the life setbacks which inevitably occur."

A Wealth Of Common Sense: Two Predictions "Obviously, most of the people who buy a house have to sell their current home since people will always have to move for one reason or another so it’s not like supply is going to vanish altogether."

Kyla Scanlon: Getting POW'ed "I think one thing that strikes me about ‘Quiet Quitting’ is the clear lack of passion for the work, which again makes total sense. A lot of jobs don’t really have things for people to be passionate about - but is passion disappearing entirely?"

Young Money: F*ck You Money "A small increase in wealth leads to a massive increase in happiness when you have little, and massive increases in wealth hardly move the bar as net worth increases. For this exercise, it is important to note that happiness is very low when wealth is zero."

A Teachable Moment: Forty-One Quick Tips For Health, Happiness, and Wealth "Work on being present. The past and future are only passing thoughts in our minds."

All About Your Benjamins: Helping Clients Create Lives, Not Just Get Through Life–A Talk With The FPA of Orange County

https://youtu.be/0y29DW156m4

All About Your Benjamins: More Than Money--A Book From The AGC

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/Q5rhEOCYrJ8

Week In Review Articles

The WSJ: Biden Signs Bill Aimed at Lowering Drug Costs, Boosting Renewable Energy

CNBC.com: Jobless claims edge lower as Fed looks to cool labor market

The WSJ: U.S. Home Sales Dropped in July for Sixth Straight Month

The WSJ: Andreessen Horowitz Backs WeWork Co-Founder Adam Neumann’s Real-Estate Startup Flow

https://twitter.com/thejustinwelsh/status/1560295995119964163

Weekly Mixtape

A busy week of travel, so not much time for reading. The recommended reading will be back next week.

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/NqrSYw17arw

Week In Review Videos

CNBC.com: Consumer Prices Rose 8.5% In July, Less Than Expected As Inflation Pressures Ease A Bit

The WSJ: July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5%

The WSJ: FBI Recovered 11 Sets of Classified Documents in Trump Search, Inventory Shows

The WSJ: Advertising Slowdown Spreads Beyond Tech Giants to Hit TV Networks, Publishers

The WSJ: Consumers Are Still Spending on Fun

https://twitter.com/Steph_Bogan/status/1557723198904365058?s=20&t=53vJbP0BUy3JtF3qDrNmgg

Weekly Mixtape

Morgan Housel: Rare Skills "We are all prisoners to our past, products of our generation, and influenced by who we’ve met and what we’ve experienced, most of which has been out of our control. Some are worse than others, and some are more aware of their blindspots. But everyone has a firmly held belief that an equally smart and informed person disagrees with."

Dr. Joy Lere: Crossed Wires "You've missed the mark if you hear someone's words but fail to connect what is coming through your ears to your head, hands, and heart. "

Dr. Phil Pearlman: Three Years And A Day "Alcohol is much worse than people acknowledge. It’s terrible for our health whether we have lost things directly or not."

Jared Dillian: Maintaining Relationships "I think that maintaining relationships is a habit of highly effective people. But people come and go in your life. The friends you have today are probably not going to be the friends you have ten years from now."

Young Money: 1+1=3 "What I could do, however, was weave a different narrative so compelling that neither my alma mater nor employer would matter all that much in the first place."

Darius Foroux: It's Time To Rethink Retirement "Finally, Okinawans don’t have a word for retirement. It doesn’t exist for them. Instead, they have “Ikigai.” Which means “reason for being.” They tend to remain active and avoid becoming passive."

The Irrelevant Investor: What Moves Markets? "In the short term, the market is all about positioning and expectations. Things can sell off on great news if expectations are too high and they can rally on terrible news if expectations are too low. It’s not about good or bad, it’s about better or worse."

Humble Dollar: What They Believed "Here are six financial opinions that were then widespread—but have since fallen by the wayside:"

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/IHuTKVuHnvo

Week In Review Articles

The WSJ: Fed Lifts Rates by 0.75 Point Again

The WSJ: U.S. Stocks Rise, Giving S&P 500 Best Month Since 2020

The WSJ: Rich Americans Keep Borrowing, Defying Economic Gloom

The WSJ: Single Ticket Wins ​$1.337 Billion Mega Millions Jackpot

https://twitter.com/DeadCaitBounce/status/1552465759317655552

Weekly Mixtape

Morgan Housel: Tails You Win "A takeaway from that is that no matter what you’re doing, you should be comfortable with a lot of stuff not working. It’s normal. This is true for companies, which need to learn how to fail well. "

Jonathan Clements: Now And Them "But in the end, managing time is more important than managing money, because time is the ultimate limited resource. I should lead a more balanced life. I know that intellectually. But I’m still trying to convince myself."

Young Money: What Recession? "The extent to which you believe our economy is cratering has more to do with your perception of reality than reality itself. The more that you normalized the euphoria of the last few years, the stronger your negative feelings will be."

Dr. Joy Lere: The Struggle With Solitude "When we get uncomfortably honest about why we don't want to slow down, I believe it's because, on some level, we are terrified. If you pay close attention to yourself, what might you learn? There is a lot people are afraid to discover."

A Wealth Of Common Sense: Why The Financial Goalposts Are Always Moving "Moving the financial goalposts is an odd paradox of the human experience. On the one hand, it’s a good thing we’re so driven to improve our place in life. The drive to get better is what fuels innovation, growth and progress. But those same attributes can also drive you mad if you never feel satisfied with your accomplishments or blessings."

Your Brain On Stocks: "Some Worry" s "The implication being that if “some worry” about that possibility, then perhaps more should also worry. So if we’re not super worried, should we be worrying? Are “some” smarter than us? If “some” are doing something, should we be doing something? Before we know it, we’re inhaling the secondhand worry, absorbing the negativity via osmosis."

All About Your Benjamins The Podcast: The Next Episode--Cogli L' Attimo

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/2oZ23DV5CIs

Week In Review Articles

The WSJ: Fed Officials Preparing to Lift Interest Rates by Another 0.75 Percentage Point

The WSJ: There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?

The WSJ: Heat Wave Hits U.S. Farms, Stressing Crops and Ranchers’ Herds

CNBC.com: Mortgage demand drops to a 22-year low as higher interest rates and inflation crush homebuyers

The WSJ: ECB Raises Rates by Half-Percentage Point in First Hike Since 2011

The WSJ: They Thought ‘Crypto Banks’ Were Safe, and Then Came the Crash

The WSJ: Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover

https://twitter.com/aaraalto/status/1550900882828627969

Weekly Mixtape

Will be back next week...didn't do much reading on vacation.

Khe Hy: There's No Playbook For Grief “When someone we love dies, we get so busy mourning what died that we ignore what didn’t.”

Justincastelli.io: Holding On To What Was

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

Terry and I both have "cogli l'attimo" tattooed on our foreams to remind us to seize each day. In this episode we start off by talking about making the most of each day and then head off to other topics.

https://youtu.be/iZZwAZLbQ8w

Listen:

Apple Podcasts

Spotify

Google Podcasts

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/JD_WfxjZVqU

Week In Review Articles

The WSJ: U.S. Added 372,000 Jobs In June

CNBC.com: Here's Where The Jobs Are For June 2022--In One Chart

The WSJ: Inflation Fears Drove Larger Fed Rate Increases In June

The WSJ: Oil Prices Pulled Lower By Dimming Demand

CNBC.com: Another Hot Inflation Report And The Start Of Earnings Season Make For A Challenging Week Ahead

The WSJ: Elon Musk Seeks To Abandon $44 Billion Twitter Deal

The WSJ: Gru Brings Families Back To Movie Theaters

https://twitter.com/jackbutcher/status/1545956683113009153

Weekly Mixtape

Morgan Housel: Lifestyles "Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That’s his sole benchmark."

Dr. Joy Lere: The Summer Of A Thousand Goodbyes "Transitions are not my favorite thing. I've been forced to become agile, but I don't always love it. I find moving hellacious. As I brace for relocation, I tend to go through a grief process that includes sorrow and rage. Each time my address changes, I'm leaving a lot behind. I look at my life in boxes and my heart aches. Still, I've come to appreciate that's a good sign.'

Dr. Phil Pearlman: Elements Of Successful Progression "With health and fitness especially, most quick fixes are not real and behaviorally, they are terrible, as they prevent intrinsic motivation and identity development."

A Wealth Of Common Sense: What Should Long-Term Investors Buy During A Bear Market? "You will never hit the cover off the ball with a diversified strategy but you will always end up on the winning team. Owning the market, by definition, means you will own the winners, even if you don’t know what they will be in advance."

Of Dollars And Data: In Defense Of Dollar Cost Averaging "Don’t fear though, because I am here to defend dollar cost averaging as the greatest investment approach ever invented for the individual investor. How so? Because I’m going to show you how it held up during one of the worsts period in U.S. stock market history—the mid 1960s to the early 1980s. And if it worked there, it can work anywhere. Let’s dig in."

Jared Dillian: Ambition "Ambition is a good thing. Sometimes I will recommend someone for a job. Inevitably I tell them: if you want to hire someone who is smart and ambitious, don’t be surprised if they turn out to be smart and ambitious. Ambition is good, but ambitious people can upset an organization."

All About Your Benjamins: Talking To Our Kids About Money--Fox 59 News

Justincastelli.io: PRST & The US Olympic Breaking Hopefuls

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.

“The headlines that may or may not be impacting your financial plan and portfolio.”

https://youtu.be/dmVXymKbVbg

The WSJ: Dow Jumps More Than 800 Points as Fears of Interest-Rate Hikes Subside

The WSJ: Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession

The WSJ: Facebook, Netflix and PayPal Are Value Stocks Now

The WSJ: Supreme Court Overturns Roe v. Wade, Eliminates Constitutional Right to Abortion

https://twitter.com/DrPrestonCherry/status/1539975055274192898

Weekly Mixtape

Morgan Housel: Keep It Going "It’s astounding, isn’t it? Some of the best athletes in the world spend almost all their time working way below potential, purposefully not pushing themselves to the limits."

Jack Raines: A Politically Incorrect Blog Post "When you have the power to make decisions that impact the lives of hundreds of millions of people, the real-life, actual outcomes and consequences of your decisions should be more important than the white knight crusade that you believe that you are embarking on."

A Wealth Of Common Sense: How Long It Take For Stocks To Bottom In A Bear Market? "As always you can find historical data that makes you feel better or worse about the current situation."

The Irrelevant Investor: Three Types Of Investors "The most overwhelming display of selling in history. Wow. Turns out that people are fearful when others are fearful, even “the smart money”."

Packy McCormick: Web3 Cases Today "Whether today’s most popular web3 use cases feel silly or legitimate is a matter of opinion. Even if you fall on the “silly” side of the spectrum, that only means that you find them silly, not that they’re not real use cases."

PRST: Somewhere Between Jay Shetty and Ramit Sethi

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.