A lot of folks think just earning more money will automatically make them more financially secure. We’re finding out during this pandemic, that’s not entirely true. Income is only half of the equation.
I wrote about being a great saver, and compared it to be a great baserunner, in my latest post. Check it out here.
Here’s what I’ve been reading this morning:
‘Life is Short’ – Ashby Daniels – Retirement Field Guide
- Ashby shares a touching tribute to his late stepfather and reminded readers about the importance of working hard and taking an inventory of your life right now. We all know that life is short, so it’s on us make the most of our time and stop delaying our passions.
‘Is Gold a Good Diversifier?’ – Mullooly Asset Podcast
- Gold might be uncorrelated to other asset classes, but does that make it a reliable diversifier in a long-term investment portfolio? I discussed with Brendan and Tom on last week’s podcast!
‘Positioning Yourself as a Behavioral Coach’ – Daniel Crosby – Brinker Capital
- Behavioral coaching is potentially the most valuable thing an advisor can provide a client, but client’s rarely seek out behavioral coaching. Daniel offers a few ways to pitch the upside of behavioral coaching to clients.
‘Finding Your Balance in a Topsy-Turvy Market’ – Jason Zweig – The Wall Street Journal
- The well-known market wisdom “buy low, sell high” is much easier said than done. Jason outlines why taking calm, contrarian action in your account to rebalance stocks/bonds in your portfolio is a great way to find balance in uncertain markets.