It’s poised to be a lovely weekend here at the Jersey Shore! Hopefully wherever you are you can get outside this weekend and enjoy the spring weather. While you’re at it, take a few minutes to watch this week’s episode of the Mullooly Asset Show (linked below).
Here’s what I’ve been reading this morning:
‘One More Thing About Fiduciaries’ – Mullooly Asset Show
- A recent story about an investigation into a Pennsylvania Teachers Pension plan gave us another point to make about fiduciaries. Part of being a fiduciary is not taking excessive risk in shady alternative investments. Something these pension trustees are learning the hard way.
‘The Future of Bear Markets & Recessions’ – Ben Carlson – A Wealth of Common Sense
- A question on a lot of people’s minds has been “what happens next time there’s a recession?” Ben addresses the idea that recessions as we know it are a thing of the past, and what future recessions could look like knowing what we know now.
‘Play Your Own Game’ – Morgan Housel – Collaborative Fund
- As Morgan writes, powerlifters and golfers are both “athletes”, but they’re playing two completely different games. The same can be said for “investors”. Not all investors are playing the same game, and it’s important to remember which game you’re playing.
- The best way to “beat” a volatile market is to not play into it. Like we say all the time, having a plan is so important. This article outlines how having an investment plan can help you not get sucked in to the constant market volatility.
ENJOY!
