In case you haven’t seen it, oil has been in the headlines all week. What exactly happened to it? In Ep. 189 of the Mullooly Asset Show, Tom walks viewers through just what happened with oil this week.
Here’s what I’ve been reading this morning:
‘Let’s Make a Deal’ – Tom Mullooly – Jersey Shore Financial Advisor
- In Tom’s latest post, he writes about how humans weigh losses more than potential gains, and ties it in to the game show “Let’s Make a Deal”.
‘(B)Ware of 403(b) Loans’ – Tony Isola – A Teachable Moment
- The recently constructed CARES Act has made it easier for folks to take more money out of their retirement plans. Tony warns 403(b) plan participants about using this loan provision to access their money. High surrender costs await!
‘What’s Different This Time?’ – Morgan Housel – Collaborative Fund
- I’m sure by now you’ve heard the old adage, “this time it’s different”. Sometimes that’s true, but sometimes it’s not, and getting firmly entrenched in either side when investing can be dangerous. In his latest post, Morgan outlines what is actually different this time around.
‘Card Issuers Cutting Credit to Customers’ – Josh Brown – The Reformed Broker
- As Josh has written about before, this crisis will most likely be exacerbated by the use of credit cards, and the subsequent delinquencies on those balances. Well, some credit card issuers have begun discussing and limiting credit to users already.