Blog roundup/interesting links May 2020
A great summary of the FIRE movement:
https://www.thousandaire.com/its-all-about-creating-income/
I've linked this before, but it's worth including again:
https://www.wealthwelldone.com/how-can-i-change-my-life/
-And while we're using allegorical stories:
https://froogalstoodent.blogspot.com/2017/01/a-tale-of-two-kingdoms.html
A sound planning session with Inspire to FIRE:
https://www.inspiretofire.com/recession-investment-plan/
The benefits of FI:
https://www.physicianonfire.com/the-benefits-of-financial-independence
Though I don't usually condone day trading, a little information about good, debt-free companies won't hurt. To that end, this is one part of a series on debt-free companies. I like the analysis, though it's not actually influencing my own investing decisions:
https://seekingalpha.com/article/4339254-debt-free-companies-of-s-and-p-500-jack-henry-associates
Some good guidance on how to handle a dip in the stock market if you're planning to retire soon; good advice to hear if you're worried about how the COVID-19 economic slowdown will affect your ability to retire:
https://www.moneytalksnews.com/retire-even-when-the-economy-heads-south/
Jim Collins is ALWAYS worth reading and considering. This one is particularly notable for a great line by Jon Older, in his 8:54 PM comment: "Like a famous person once said, money is like a bar of soap. The more you handle it, the smaller it gets." Great stuff!
How does Japan deal with its extreme population density, especially in Tokyo? Micro-apartments!
Another dose of sanity, this time from Mr. Money Mustache:
-The money quote: "But in this situation, it really helps to understand the big picture of what is actually going on. The world is not ending. The air outside your windows is not a swirling cloud of certain death. All that has changed is that we are in a self-imposed economic slowdown that has been created purely to save the lives of our most vulnerable people. Which is one of the most compassionate things our society has ever done." [emphasis in original]
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Thank you for the mention! I'm glad you liked my investing recession plan.
ReplyDeleteI like how you accounted for both the math AND the emotion--most people get so wrapped up in the math that they forget about the psychology, or else they try to time the market, and get so wrapped up in what people are thinking that they forget the lesson that the market goes up in the long term.
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