It’s always good to occasionally reflect on a past period of time to try and take some lessons from it, especially these last 365 days. Think back to what your life was like at the end of February 2020 and remember all of the things you took for granted that would be taken away in the coming weeks/months.
I don’t mean to be a downer, but it’s important to be grateful in the moment.
Here’s what I’ve been reading this morning:
‘When Everyone’s a Genius (A Few Thoughts on Speculation)’ – Morgan Housel – Collaborative Fund
- We’re experiencing a speculative boom in stocks from retail traders. How long will this boom last? Nobody knows. It won’t be forever, but it could last longer than people think. Morgan shares his thoughts on speculation in his latest post.
‘How to Make a Million Dollars Day Trading’ – Tony Isola – A Teachable Moment
- The first line of Tony’s latest post is enough to drive the point home. However, he goes on to show a number of different studies and charts explaining why very, very few people are profitable day trading over the long term.
‘What to Do When the Market is Manic’ – Ben Johnson – Morningstar
- The market has been showing signs of a manic state recently, and Ben addresses what the best thing to do during a time like this would be. He also gives a short history lesson about some of the stock names running wild over the last few weeks.
- One year into the pandemic, a lot of Americans are still struggling. However, because of some of the relief efforts from the government, some people have actually seen improvements in their credit scores.
ENJOY!
