Here are my posts for the past two weeks:
The Ages of the Investor
Skating Where the Puck Was
Firing Male Brokers and Financial Advisors
Here are some short takes and some weekend reading:
John Bogle, who founded Vanguard and revolutionized retirement savings, dies at 89. It’s hard to overstate the profound impact Bogle had on investing for the little guy. Without him, it’s plausible that index investing would still be a niche area and would cost 1% or more per year. His idea was to create a mutual fund company owned by the funds themselves where employee bonuses are tied to how low the fund costs are compared to their competition. This drove costs way down to sensible levels. Personally, I save the cost of a few vacations per year because of Bogle.
Mastercard to stop letting companies automatically bill you after free trials. This sounds like a positive step. We’ll see how things go in the implementation.
The Blunt Bean Counter provides us a simple tool for organizing your estate and making it easier for your family and executors to pick up the pieces. I really wish some of my late family members had filled out a form like this.
Tom Bradley at Steadyhand couldn’t bring himself to pick some hot stocks in response to a media request. Instead he explains the benefits of rebalancing your portfolio by shifting from hot assets to colder ones. This is a better bet than chasing the latest hot investment.
Robb Engen at Boomer and Echo has an interesting story of potlatch ceremonies and suggests we modernize it to reduce the amount of useless stuff in our lives.
Canadian Couch Potato gives the 2018 returns for his various model portfolios. It wasn’t as bad as it seemed.
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