Short Takes: Illusory Wealth, Tax-Loss Selling, and more

Here are my posts for the past two weeks:

Useless Activity

The Most Important Thing

Am I Fixing a Mistake or Making an Active Decision?

Here are some short takes and some weekend reading:

Tom Bradley at Steadyhand gives three potential sources of illusory wealth in the markets today. Along with his thoughtful commentary, he uses the great terms “bezzle” and “psychic wealth.”

Justin Bender goes into detail about tax-loss selling strategies. This stuff can get tricky. Fortunately, it’s only relevant in taxable accounts. Even people with million-dollar portfolios often don’t have enough in their taxable accounts to bother with tax-loss selling.

Dan Hallett says Bitcoin is for speculating, not investing. I agree (https://www.michaeljamesonmoney.com/2018/04/bitcoin.html).

Ellen Roseman says phone scams are on the rise.