Really hard to believe that we’re closing in on the Fourth of July already, but here we are. We’ve got a new week in front of us, so let’s make sure to make the most of it!
I know here in New Jersey, barber shops and hair salons are re-opening today, so I’m looking forward to my first hair cut since Valentine’s Day (yikes)!
Here’s what I’ve been reading this morning:
‘Managing Risk in Retirement’ – Mullooly Asset Podcast
- In last Friday’s edition of the podcast, I spoke with Tom and Brendan about managing risk in retirement. We primarily spoke about the concept of rebalancing and when/how to do it.
‘Invest With the Upper Crust and Sometimes You Just Get Crumbs’ – Jason Zweig – The Wall Street Journal
- Hedge funds are run by managers who get deemed the cream of the crop when it comes to investing. However, the returns from those hedge funds can sometimes to underwhelming. Especially when you take their high fees into account. Jason writes about how fees in a hedge fund can sometimes wipe out and gains made by the fund.
‘The Air Conditioning Effect’ – Ben Carlson – A Wealth of Common Sense
- You might not equate air conditioning to a catalyst that changed the political landscape, but Ben writes in this article about how some inventions had unintended consequences that reshaped parts of the country. He examines the new work-from-home trend and wonders if it may have a similar impact as railroads and air conditioning.
‘Controlling the Controllable’ – The Evidence-Based Investor
- This part of the “Financial Planning Explained” series takes a look at controlling what is actually controllable within a financial plan. Forecasts in the market are not controllable. Individual goals, savings habits, risk appetites, and life circumstances ARE controllable and should be used a guide to shape a financial plan.