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Here’s what I’ve been reading this morning:
‘How Big a Drawdown Can You Survive?’ – Josh Brown – The Reformed Broker
- Looking back at a timely Forbes magazine cover from March 2009, Josh takes a look at some of the billionaires on the cover and how they’ve held up over time. Drawdowns are hard to withstand, but having the right temperament can get you a long way.
‘No Country for Old Yields’ – Charlie Bilello – Compound Advisors
- Over the last 40 years, there has been a one way trend with interest rates: down. However, Charlie takes a look at the current environment bond investors find themselves in, and what some of their options may be.
‘Refinancing Your Mortgage is About to Get More Expensive’ – Katy McLaughlin – The Wall Street Journal
- Starting December 1st, all refinances backed by Fannie Mae and Freddie Mac will have an added 0.5% fee attached to them. This article outlines how that fee might be passed on to individuals, and how to potentially work around it.
‘The Stock Market Makes No Sense. And it Makes Perfect Sense.’ – Michael Batnick – The Irrelevant Investor
- Over the last few months, plenty of businesses have been shut down, or are still currently working their way out of shutdown mode. Michael takes a look at the counterintuitive stat regarding companies with weak balance sheets, and how well they’ve performed.