Late last week, TWO episodes of the Mullooly Asset Show went up on our YouTube channel. If you missed them, they are linked below. We discussed how the news, generally, affects your financial decisions and why room for error is important.
Here’s what I’ve been reading this morning:
- In Ep. 212, Tom talked about the news. We all woke up to some jolting news last Friday, and Tom wanted to discuss why the day-to-day headlines, especially during election season, shouldn’t factor in to your long-term investing decisions.
- Following a great post from Morgan Housel, Tom talked about one cause of bad behavior – not leaving enough room for error. Both physically and mentally, leaving enough room for error can help make any forecast or headline irrelevant. You won’t need to react.
- While real estate is an investment in general, you may not want to view your own personal residence as a true “investment”. Maureen explains in her latest post why her new home was NOT an investment.
- Michael identifies the three types of investors, and addresses the group that needs an advisor and actually seeks one out in this post from last week. How do you know when it’s the right time to look for an advisor?