My latest: Don’t Take Investment Advice from Kendrick Perkins
“I only watch it because it’s entertaining and good background noise.”
No, it isn’t. And it’s costing you more money than I realized
The guy behind retirement’s 4% rule now thinks that’s way too low. Here’s how much more money you could spend. by MarketWatch
I’ve written about this rule recently. Its creator recently said (not for the first time) that the rule should now be the 4.7% rule because of increased diversification opportunities. He also stresses that it’s a worst-case-scenario and people can likely withdraw more during retirement safely.
Exclusive: US Airlines Are Quietly Hitting Solo & Biz Travelers with Higher Fares by Thrifty Traveler
All three of the country’s largest carriers (American Airlines, United Airlines, and Delta) are penalizing solo travelers with higher ticket prices than you can book when traveling with a group – sometimes, significantly higher.
Five Divorce Settlement Blind Spots: An Expert’s Guide to What You Can’t Afford to Miss by Kiplinger’s
Build a team of advisors, have a financial plan so you know your cash-flow needs, consider the tax treatment of the different assets, tidying up account information to maintain privacy and have assets pass according to your wishes post-divorce.
A Soft Housing Market Isn’t Just a Florida and Texas Story Now by Advisor Perspectives
House prices are falling, and it’s no longer just a Florida and Texas story. There are now nearly 500,000 more home sellers than buyers, according to Redfin Corp., the biggest differential since the company began tracking the data in 2013. And there’s been no sign of a slowdown either, nor should one be expected while mortgage rates remain near 7%. This time next spring, we should expect inventory levels to be growing at a double-digit pace compared with current levels.
Identifying winning stocks is hard. Holding winning stocks is a nightmare. ???? by TKer
Picking individual stocks well is extremely difficult. Even if you identify the winners you have to hold them through vicious downturns – the best performing stocks over a 40-year period had a 72% median drawdown.
Vanguard Target-Date Fund Investors Bought (and Sold) Themselves an Extra $23 Billion by Morningstar
I’ve been critical of Target -Date Funds, but this article highlights that investors have done well in them by holding and not trading them.
What Can I Buy with 529 Distributions? by Heritage Financial
Book Recommendation
The Art of Winning: Lessons from My Life in Football by Bill Belichick
Recommending it as a decent book on leadership, not for football fans wanting a behind the scenes look at the Patriots dynasty.
Boston Corner
Future of international students — and their $3.9 billion Mass. impact — in limbo
