A LOT can change in a year. For example, on this day last year the Game of Thrones finale was seemingly the biggest issue for a lot of folks. Today, I think we’d all trade that problem in for what we’re currently dealing with.
In this week’s episode of the Mullooly Asset Show, Tom walks through the math behind making your money back in the market after a decline.
Here’s what I’ve been reading this morning:
‘Equities in Retirement: A 30 Year Case Study’ – Ashby Daniels – Retirement Field Guide
- Most people have two concerns with their retirement portfolios: to not run out of money, and to preserve their principle. The only problem is that those two work in the complete opposite directions of each other. Ashby outlines how a retirement portfolio can address both concerns simultaneously.
‘Three Things You Can’t Do in This World’ – Josh Brown – The Reformed Broker
- There are plenty of things we can’t do in this world, but Josh highlights three that he’s thought about recently. Find out what Josh thinks about distance learning, folding fitted sheets, and realizing the end of a secular bull market in real time. Spoiler alert: they’re REALLY hard to do successfully.
‘How Sure Are You About That?’ – James E. Wilson
- In James’ latest post, he talks about overconfidence and how we all think we know more than we actually do. The biggest problem is that most times we don’t even know we’re being overconfident. Especially in financial planning or investing, that can be dangerous.
‘Why Failed Predictions Don’t Matter’ – Nick Maggiulli – Of Dollars and Data
- In Nick’s latest post he explains how whether it’s taking part in an alien cult or the bitcoin halving, any failed predictions or beliefs can be rationalized away if you have a strong enough support system with you. If anything, it can be spun in ways to make someone double down on their convictions.
ENJOY!
