Wednesday Reading List

The Best Time To Plant A Tree Was 20 Years Ago, The Second Best Time Is Now

Chinese Proverb

ICYMI: Financial Planning Checklist – Newly updated detailed wealth management checklist to use for a DIY financial check-up to make sure you’re taking the right steps to build wealth.

The Conversation that Could Make or Break Your Financial Plan by Heritage Financial

In today’s world we are all exposed to a lot of potential liability, and all it takes is one rare but devastating lawsuit to wipe out all the wealth you’ve worked hard to build. Investing in a personal umbrella insurance policy can help provide an extra layer of protection for your assets and earnings from future liability.

Treasury Yields Are Moving. Where They’re Going Next. by Barron’s

I’ve been focused a lot on bonds and the move in rates. This article shares some reasons why the bond market is behaving the way it is and what to look for next.

Chart of the Week

AI Startup Buzz Is Facing a Reality Check by The Wall Street Journal

The initial surge in user growth for ChatGPT…led investors to overestimate the rate at which consumers would use tools powered by generative AI. Investors raced to back startups building these products before they had customers or revenue, leading to concern over a potentially overheated market.

Valuations, economy may favor value stocks by Vanguard

Vanguard’s forecast of the return advantage for U.S. value stocks over U.S. growth stocks has risen by more than 1 percentage point, to 3.8 percentage points, annualized, over a 10-year period.

See also: Our investment and economic outlook, August 2023

Piece of Work: Dissecting Labor Market Trends by Charles Schwab Asset Management

The August jobs report confirms the labor market’s continued slowdown, which is for now consistent with the Fed’s soft-landing desires—but not without warning signs.

How to Calibrate Your Target Savings Rate by Morningstar

Rules of thumb are better than nothing, but smart investors customize their own savings targets. Here’s a three-step process to do the same.

Leveraging your wealth to help your child buy a home by J.P Morgan

A variety of factors can make it tough for your children to buy their first home on their own. Here’s how to help.

Podcast Recommendation

Normally these are finance related podcast recs, but with football season coming up I’m going a different direction. Mike Lombardi has a nice segment on evaluating the evaluators that translates well outside of sports and talks about his upcoming book that football fans should love, plus they dig into what to expect this year in the NFL.

Book Recommendation

Elon Musk by Walter Isaacson

Not an official recommendation since the book isn’t out until next week, but a heads-up that an excellent biographers has a new book coming out about “the most fascinating and controversial innovator of our era”.