Thursday, July 8, 2021

Links for July 2021

 Links for July 2021

Wealthy Accountant for President! His tax plan does make a lot of sense: https://wealthyaccountant.com/2018/09/17/my-tax-plan-if-i-were-president/

Why be frugal? Here's a cogent answer: https://theescapeartist.me/2021/06/09/the-purpose-of-frugality-is-to-get-your-stake-money-together/

I recently ran across a very interesting idea: adjusting your 'net worth' to account for whether the market is overvalued or undervalued: https://www.themoneycommando.com/introducing-the-money-commando-true-wealth-index/ 

A priceless lesson from a savvy veteran investor: https://www.marketwatch.com/story/is-bitcoin-the-best-place-for-your-money-11622683768?mod=paul-a-merriman

Worried about the future of Social Security? It's not as bad as you think: https://www.cbpp.org/research/social-security/what-the-2020-trustees-report-shows-about-social-security

Why do so many people feel like they aren't well-off? Morgan Housel tackles that question: https://www.collaborativefund.com/blog/goalpost/

Are you saving too aggressively? In this interview, Gwen of fireymillennials.com concluded that she should ease off the figurative gas pedal a bit: https://apnews.com/article/lifestyle-business-d96513c8c01a24cb80d935335333ce30?fbclid=IwAR1vnGyRHrdPjMIJ28Aj-TtOCBkxVUlavd34cx6TJDO1n4_NfsJWJOBCKdE

Learn more about Herbert Wertheim, billionaire optometrist, inventor, and investor, who had dyslexia and did poorly in school: https://www.forbes.com/sites/maddieberg/2019/02/19/the-greatest-investor-youve-never-heard-of-an-optometrist-who-beat-the-odds-to-become-a-billionaire/
      Hat tip to David at filledwithmoney.com for letting me know about this man's inspiring tale!

There's a janitor who became a millionaire! https://filledwithmoney.com/millionaire-janitor/

Investors, prepare to be disappointed: https://theirrelevantinvestor.com/2021/06/26/investors-prepare-to-be-disappointed/

What kind of returns should we expect in the future? Mindfully Investing just saved me a lot of research on this topic: https://www.mindfullyinvesting.com/articles/6-what-to-invest-in/6-2-expected-future-returns-and-risks/

Larry Swedroe advises that we think about investing as probabilities, not certainties: https://www.evidenceinvestor.com/is-it-really-stocks-for-the-long-run/

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