Wednesday Reading List

Investing puts money to work. The only reason to save money is to invest it.

Grant Cardone

ICYMI:

Should I Sell or Rent My House? – You need to move and sell your house, but given that amazing sub 3% mortgage you have, would you be better off renting it instead? Here’s how to figure that out and build a real estate model you can use generally for rental properties.

Mortgages, the Bond Market, and Mortgage-Backed Bonds – In the latest episode of the Wealthy Behavior podcast (transcript included), I talk to Ken Shinoda, a portfolio manager with DoubleLine Capital and head of their mortgage-backed securities team about the current bond market, mortgage-backed securities, and mortgage rates.

New Charitable Giving Strategies for Retirees by Heritage Financial

New this year, charitably inclined individuals that are aged 70.5 or older can capture additional tax-friendly charitable-giving opportunities using a Qualified Charitable Distribution (QCD). we discuss the pros and cons of these arrangements, and who might want to explore this new option.

Best Investments to Own During a Recession by Morningstar

When the economy slows, some assets are safer than others. 

All stocks are not created equal ⚖️ by Sam Ro (TKer)

Broad market gains can be driven by a relatively small number of names. It’s what history shows. It’s what’s happening now. And it’s what may happen again in the future.

Nobody Knows Anything, Dot Plot Edition by Barry Ritholtz

Markets are nervous expecting another hike before years over and two cuts in 2024. My advice: ignore those expectations as they have been wildly inaccurate over the past few years; they have been mostly inaccurate over the past decade. When it comes to forecasting economic outcomes, the Fed is no better or worse than anybody else.

How One Robber Baron’s Gamble on Railroads Brought Down His Bank and Plunged the U.S. Into the First Great Depression by Smithsonian Magazine

In 1873, greed, speculation and overinvestment in railroads sparked a financial crisis that sank the U.S. into more than five years of misery

The Hedge Fund Meltdown That Rescued Your Stock Portfolio by The Wall Street Journal

Long-Term Capital Management’s collapse 25 years ago started a habit hard to break—the ‘Fed put

Why now is a good time to invest: 6 charts count the ways by J.P. Morgan

Today’s cash yields won’t last forever. Stocks could push toward new highs, and higher yields can be locked in.

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.

Staying the course during a government shutdown by Vanguard

Investors may have questions about how a shutdown could affect markets. If past history is any guide, there is no clear relationship between government shutdowns and market returns, and investors would be wise to tune out the noise and stick with their long-term investment plan.

Podcast Recommendation

Book Recommendation

Just Keep Buying: Proven ways to save money and build your wealth by Nick Maggiulli

Nick Maggiulli crunches the numbers to answer the biggest questions in personal finance and investing, while providing you with proven ways to build your wealth right away.