Yesterday wrapped up my first season as a Jets season ticket holder. They beat the Steelers 16-10 in a great game!
Being a season ticket holder this year was a great lesson for me financially in “spending on what makes you happy”. It was okay for me to spend money on these tickets because it brought me a lot of joy. But because I had invested in these tickets, I also cut back spending on things that DIDN’T bring me joy.
Here’s what I’ve been reading this morning:
‘Tis the Season for 2020 Market Forecasts’ – Mullooly Asset Podcast
- In last week’s podcast, Brendan and Tom discussed the futility of making market forecasts for the upcoming year.
‘Not Stupid Wins’ – Bob Seawright – Above the Market
- Using some wonderful comparisons to the NFL, Bob illustrates how avoiding a mistake often helps more than being smart.
‘What Big Stock Market Returns in 2019 Mean for 2020’ – Ben Carlson – A Wealth of Common Sense
- Ben takes a look at the market data for returns in the year following such a big up year in the market like 2019.
‘The Illiquidity Discount?’ – Cliff Asness – AQR
- Most people think being illiquid is a bad thing, and should be offered a premium for it, but Cliff raises the question of what if that line of thinking is actually backwards?