Weekend Reading Roundup

Weekend Reading Roundup

Here are the links to the best articles I came across this week.  Enjoy!

Most Americans Haven’t Checked Their Credit, Despite Data Breaches (cnbc.com)

How to Avoid Some Common IRA Mistakes (usatoday.com)

Saving Money and Running Backwards (collaborativefund.com) – “The solution, particularly after basic needs are met, is actively seeking contentment with what you have. That doesn’t mean you stop saving, stop putting in effort, stop sacrificing. It means you come to terms with the idea that the outcome isn’t a fountain of happiness. So if you’re going to grind, you better damn well enjoy the process.”

New Highs Should Be Bought, Not Sold (theirrelevantinvestor.com) – “Paul Tudor Jones is one of the most successful traders of all-time, but I highly doubt he got to where he is by following this advice. He launched his hedge fund in 1980, and since then, the S&P 500 has experienced 737 new highs (171 in the recent bull market that started in 2013). Of those 737 new highs, only three of them were major tops. So the data emphatically suggests that new highs are often the best time to buy, not to sell.”

Active Funds?  What We Really Need Are Inactive Ones (evidenceinvestor.co.uk) – “Active managers would deliver far greater value to investors and to the wider economy if they were, well, rather less active.”

Why Do Traders Underperform the Market? (wallstreetphysician.com) – “The stock market is designed to favor long-term investors. Transaction costs and taxes significantly erode the returns of traders. Keeping cash on the sidelines waiting for the perfect trade also hurts overall returns. As a result, trading leads to lower returns with more volatility compared to index fund investing.”

What We’re Telling Our Wealth Management Clients About Tax Reform (thereformedbroker.com) – This is a great detailed look at how the new Trump tax plan might impact you.

Every Single Cognitive Bias in One Infographic (visualcapitalist.com)

From OnePercentDecisions: 

My Equifax Action Plan

More Is Not Always Better

 

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