Wednesday Reading List
Successfully timing the stock market is near impossible, partly because the best trading days tend to cluster around the worst ones. And missing just a few of those rally days has a surprisingly outsized impact.
Greg Davis
ICYMI: Vanguard Makes a Call on Value and International Stocks – Vanguard – the world’s biggest S&P 500 index fan – lays out two types of investments they expect to outperform going forward and I explain how you can add them to your portfolio..
You Ask, We Answer: Credit Cards by Heritage Financial
As wealth managers we talk most often about saving money, but there are smart ways to use credit cards to build your financial credit history and get rewarded for your spending habits. Here we answer the questions our clients ask most often about credit card strategies.
Ray Dalio warns of ‘great disruptions,’ shares top tips for new investors by CNBC
It is important for new investors to have a diversified portfolio as economic and geopolitical headwinds continue to rage on. Dalio also shared that the biggest mistake investors can make is “believing that markets that performed well, are good investments, rather than more expensive.”
Chart of the Week
The Tech Trade Is Showing Cracks. Higher Rates for Longer Spell More Trouble. by The Wall Street Journal
Investors are looking with renewed skepticism at valuations commanded by market leaders
U.S. Debt by President: Dollar and Percentage by Investopedia
Just the facts, dollars, and cents in this one.
Least Bad by Scott Galloway
Where Prof Galloway destroys the arguments against America’s demise.
How Elon Musk Went from Superhero to Supervillain by The New Yorker
Walter Isaacson’s new biography depicts a man who wields more power than almost any other person on the planet but seems estranged from humanity itself.
What Can a 529 Plan Be Used For? by Morningstar
A list of qualified education expenses and tax benefits, plus some strong plans to consider.
Feeling behind on retirement savings? Here’s what you may be able to do to catch up by J.P. Morgan
Even if you’re within 10 or 15 years of retirement, a solid strategy can help put you on the right path. Read some tips for catching up on your savings as you near your retirement date.
Say Goodbye…to Great Moderation? by Charles Schwab Asset Management
A return to the Great Moderation Era looks unlikely, which might lead to an increasingly volatile—and somewhat unfamiliar—inflationary, economic, and geopolitical landscape.
Podcast Recommendation
Bill Gross became known as the Bond King during his legendary, multi-decade run at Pimco, eventually growing the company to manage trillions of dollars. Of course, that success coincided with a remarkable bond bull market — a bull market that came to a screeching halt over the course of the last two years. So what does Gross think of markets today? And could there ever be a new bond king in this environment? During a live episode of the Odd Lots podcast, taped at the Future Proof conference in Huntington Beach, California, Gross talked about the state of the market, reflected on his career, discussed the things that make him happy today, and addressed old rivals and competitors.
Book Recommendation
The Midnight Ride by Ben Mezrich
From the celebrated, New York Times bestselling author comes a commercial thriller of an MIT grad student who unwittingly uncovers the hidden connection between the Gardner Museum heist and the most fascinating secret in American history.