Last week on the LWM blog, I wrote about some frequently asked about financial mistakes that millennials make. Being a younger advisor, it’s important to communicate what I hear from my peers so that we can all make the best financial decisions possible.
Here’s what I’ve been reading this morning:
‘Why Diversification Works’ – Mullooly Asset Podcast
- The last few days in the market have been a good reason why just focusing in one on area of the market is a dangerous idea. The technology sector has been selling off after a very strong few months. It’s important to have exposure to multiple areas of the market.
‘The 96-Week Downtrend’ – Josh Brown – The Reformed Broker
- It’s been a rough couple of years from the energy sector. Josh writes about the downtrend in oil stocks and energy names in general. He compares it to the decline in steel and other sectors and if energy can ever bounce back.
‘Presidential Elections Don’t Matter (for Investments)’ – John Rekenthaler – Morningstar
- In his latest post, John looks back at how the stock market has performed over the last handful of presidents. Regardless of what party is in the White House, it hasn’t appeared to matter much for your investments.
‘Save Like a Pessimist, Invest Like an Optimist’ – Morgan Housel – Collaborative Fund
- Being a pessimist and an optimist may be opposite traits, but they can coexist. In fact, for successful investors they SHOULD coexist. Morgan explains why being enough of a pessimist to survive the short-term and an optimist in the long run will benefit you.
ENJOY!
