Yesterday there were rumors the MLB is currently considering changing the playoff format in the coming years. This would drastically change the way teams would need to perform in order to make the postseason.
In regards to financial planning, it reminds of moving the goal posts or changing the rules. It really changes everything else. We’ll see how it shakes it out with the MLB!
Here’s what I’ve been reading this morning:
‘What Happens to Old 401(k)s?’ – Mullooly Asset Podcast
- In Ep. 294, Tom discusses what usually happens to old 401(k) accounts and how people end up losing money that should be for their retirement.
‘American Living Standards Have Never Been Better’ – Cullen Roche – Pragmatic Capitalism
- Cullen shares some stats showing that the standard of living for many Americans continues to improve, despite what we may hear on the news on a daily basis.
‘The Mental Mistakes that Active Investors Make’ – Meir Statman – The Wall Street Journal
- This article talks about how passive results have been better than active, but for some reason many individuals are still drawn to active investing. Why?
‘Not-So-Great Expectations: The Curse of High Expected Returns’ – Daniel P. Egan
- Playing the game of “who has the highest expected returns”, everyone loses and we should stop playing. Dan writes about why in his latest post.