Another Fed meeting yesterday, and another interest rate hike. Only 25 bps, but it still sent shock waves through the markets. Even though these hikes have been extremely well telegraphed, it still seems to be a jarring event for the market every time there’s a hike. Now time to keep an eye on the rest of the economic data and see how things progress from here.
Here’s what I’ve been reading this morning:
‘All Together Now’ – Morgan Housel – Collaborative Fund
- Groupthink can be a very dangerous thing when it gains enough momentum. Morgan begins the post talking about the groupthink that hurt the Brooklyn Bridge and tied in together with the headlines surrounding Silicon Valley Bank.
‘More Money Doesn’t Make You Better at Managing Your Finances’ – Ben Carlson – A Wealth of Common Sense
- There seems to be a misconception that people with a lot of money MUST be good at managing money. As Ben points out in this article, it couldn’t be further from the truth. The Silicon Valley Bank saga proves just that.
‘4 Tips to Help Weather Market Volatility’ – Lorie Konish – CNBC
- Volatility is the norm in financial markets. However, it still rattles investors just the same every time it returns. This post outlines 4 ways to weather the storm, and why staying the course may be the right move.
‘How to Build a Portfolio You Don’t Have to Babysit’ – Christine Benz – Morningstar
- This post from February is a good one to return to when markets are volatile. Christine talks about how you can create a portfolio that you won’t need to constantly watch. That can potentially be an extremely valuable thing for a LOT of investors.