Wednesday Reading List

Those Online Accounts You No Longer Use? For Your Own Safety, Get Rid of Them by The Wall Street Journal

“You may have forgotten about these ‘zombie’ accounts, but their servers haven’t—leaving your information vulnerable to hackers” especially if you reuse passwords. This article walks you through how to tighten things up.


America’s Home Insurance Time Bomb by Newsweek

The number of catastrophic weather events has increased, as has their severity, while more Americans have moved into impacted areas. Premiums are skyrocketing because of this, but also because the cost to pass the risk to reinsurers has increased. It’s uncertain whether the price increases we’ve seen are expected to continue or things are priced in.

See also: Home Insurance is a Really Big Problem


Mr. Market Miscalculates by Howard Marks

In his latest memo, Marks explains that he also had never heard of the Sahm rule, or sees why a .25% interest rate hike in Japan could trigger a Yen carry trade unwind market meltdown. More importantly, he reminds us by way of the three day 6% sell-off in August that investors make the same mistake repeatedly – overreacting emotionally to the market in either direction – as only he can. Any investor would benefit from reading this.


What Past Fed Rate Cycles Can Tell Us by Charles Schwab Asset Management

Most of the time markets are up after a rate cutting cycle begins, but the only two times it went negative were recently (2001 and 2007). It’s more important to look at the reasons behind the cuts. A gradual cutting cycle to reverse the hikes we saw in 2022 and 2023 versus lots of cuts to fight a slowing economy would likely be better for markets.


Who’s in control? Sellers in the Northeast, Midwest, and Southern California—buyers in Florida and Texas by ResiClub

Thinking of buying our selling? This article breaks down regionally the number of sellers versus buyers to help you determine if you’re in a seller’s or buyer’s market.


Will Your Cash Flow Improve Once Your Kids Graduate College? by Heritage Financial

While in most cases your cash flow should improve once your kids graduate college, the extent of that improvement depends on a variety of factors. This stage in life is a good time to reassess your financial health.


Book Recommendation

A Guide to the Good Life: The Ancient Art of Stoic Joy by William B. Irvine

I’ve been looking for a good intro to stoicism and after a couple of disappointments, felt like this book did a great job covering it – from its history and evolution, to key aspects, ways to integrate it into our modern world, and a suggested reading list for deeper dives. I’d highly recommend this to anyone wanting to learn more about stoicism.


Boston Corner

Apartment construction in Greater Boston hits 10-year low

Single-Family Home, Condo Sales Up in July as Prices Set New Records

Labor Day traffic to the Cape expected to peak Thursday

Things to Do in Boston This Weekend

The Boston Calendar

Things to Do This Week in Boston