In non-market related news, Alex Rodriguez and Jennifer Lopez have hired JP Morgan to help them raise money to make a bid for the New York Mets.
As a Mets fan, it feels weird rooting for Alex Rodriguez, but honestly – anything to get the Wilpon’s out of Queens is good news!
Here’s what I’ve been reading this morning:
‘What Does the Fed Actually Do?’ – Michael Batnick, Cullen Roche – The Compound
- Michael and Cullen discuss what the Fed does, what they did in 2008-09 and how it differs from this time, some of the unfair criticism of the Fed, and the points critics make about the Fed that Cullen actually agrees with. This is really great conversation if you’re looking to understand what exactly the Fed has been doing.
‘Tips for Tracking Expenses Online’ – Maureen Wright – The Financial Fashion Planner
- Especially now, tracking your expenses is a MUST. Doing so online is a great way to keep everything organized, if you use the technology correctly! In Maureen’s latest post, she outlines how to properly utilize expense-tracking technology to make the most of your budget.
‘The Only Thing Working Right Now’ – Michael Batnick – The Irrelevant Investor
- As Michael writes, if it feels like big technology stocks are the only stocks working right now, it’s because it’s true. Michael takes a look at how the top 5 stocks in the S&P 500 stack up against the rest of the index, and how they have in the past.
‘Who Feels Rich Really?’ – Nick Maggiulli – Of Dollars and Data
- The practice of “keeping up with the Joneses” and comparing your financial situation to others is something we humans do far too often. Nick writes about relative wealth, and why many people feel like they never have enough.