As we roll into the last weekday of the month of May, here’s to hoping that June is a little better and brings everyone the happiness they’re looking for. Let’s start summer off on the right foot!
On Friday’s moving forward, I’m going to start including more than just the usual four links to tide everyone over through the weekend!
Here’s what I’ve been reading this morning:
‘The Slow Money’ – Blair duQuesnay – The Belle Curve
- Blair looks at the idea of wealth management as “the slow money”, an idea she heard from a friend who manages a hedge fund. She describes the investment style of “slow money” and some of the advantages it has.
‘Warren Buffett: Most People Shouldn’t Pick Stocks – Here’s How to Invest Instead’ – Kathleen Elkins – CNBC
- A lot of investors turn to Warren Buffett for sage stock picking advice, but as this article explains – he doesn’t necessarily believe most people should be in that game anyway. Investing for the long-term is a much better game to play.
‘Are Dual Registrant Firms the ‘Worst of Both Worlds’?’ – Tobias Salinger, Nicole Boyson – Financial Planning
- In this article, Northeastern professor Nicole Boyson details some of the serious conflicts of interest found with dual registered advisers and firms. Being dual registered often times doesn’t promote the best behavior and many times negatively impacts the clients.
‘Why We’re Blind to Probability’ – Morgan Housel – Collaborative Fund
- Most people understand how probability works, but unfortunately we live in a world that craves certainty all the time. Morgan writes about how whether it’s in election polls, pandemic projections, or any other measure of probability – we usually only care if someone was “right or wrong”.
‘So You’re Getting a Pandemic Puppy. Here’s What It Will Cost.’ – Amber Burton – The Wall Street Journal
- I’ll be the first to admit: I am a HUGE dog lover. This article outlines how a lot of people are using their time at home to add a new furry member to their family, but only do so if you’re fully aware of the costs involved!
‘How to Arbitrage Your U.S. Taxes for Difficult Economic Times’ – Suzanne Woolley – Wealth Management
- In volatile markets brought on by the coronavirus pandemic, this articles outlines how it could be a decent time to convert traditional retirement accounts into Roth accounts and let them grow tax-free after paying the tax now. There are a lot of moving parts involved with making this decision, though. Just be aware it IS an option.