I’m playing drums at wedding this weekend filling in for my friend’s cover band. Playing the drums and personal finance are two things I like to think I know what I’m talking about, and they have a few similarities. Like a drummer in a cover band, you don’t need to do anything flashy. Get the basics down and keep everybody on time and in rhythm. The same goes for your personal finances. No need to be flashy or complicated. Keep it simple!
Here’s what I’ve been reading this morning:
- If you’ve ever been to a vineyard in the winter, you’ve likely seen the rows and rows of dead-looking sticks coming out of the ground. While they look that way now, they’re full of potential and new life in the spring. The same can be said for your portfolio during a bear market.
- The Fed has been steadily raising interest rates for the better portion of this year. We’ve seen yields rise all over the place, except in your savings account at the bank. Why? Joe dives into the answer in this post.
- Cullen uses this edition of Three Things I Think I Think to write briefly about the importance of balancing intrinsic and extrinsic goals, discuss the Fed haters in the room, and global equity market caps. Enjoy!
- Have you heard that carrying a balance on your credit card, as long as you make payments on time, will help boost your credit score? Well, thing again. This article talks about the mistake that almost half of Americans make.