Weekly Mixtape For May 8th, 2022

"The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/RFu39u8frNg Week In Review Articles The WSJ: Fed Lifts Interest Rates by Half Point in Biggest Hike Since 2000 The WSJ: Stocks Extend Losing Streak to 5 Weeks The WSJ: The Tech Industry’s Epic Two-Year Run Sputters The WSJ: Rapid Pace of U.S. Job Growth Stretched Into April The WSJ: Crypto Prices Slump Over the Weekend https://twitter.com/naval/status/1523087166938648576 Weekly Mixtape Morgan Housel: The Rich And The Wealthy "These definitions are my own, but here’s the distinction: Rich means you have cash to buy stuff. Wealth means you have unspent savings and investments that provide some level of intangible and lasting pleasure – independence, autonomy, controlling your time, and doing what you want to do, when you want to do it, with whom you want to do it with, for as long as you want to do it for." Dr. Joy Lere: Let's Talk About Mom "Our mothers are a part of the mysterious, magical process of becoming who we are. Their presence, their absence, their place—whatever it is—marks us. " A Wealth Of Common Sense: Some Things I'm Not Going To Regret In 20 Years "But as I grow older I try to view my financial decisions through the lens of how my future self will view them." The Reformed Broker: Attitude Adjustment "Regardless, we are undergoing an attitude adjustment about investments that’s one for the record books. The speed with which both bonds and stocks have moved against the investor class has been nothing short of breathtaking" Of Dollars And Data: We All Knew This Would Happen "Looking back now it seems so obvious that valuations of speculative cryptocurrencies and high growth tech stocks would collapse. The prices made no sense and we all knew they made no sense. But, in the moment, it’s hard to imagine how everything could come undone. It’s hard to imagine when everyone would wake up. But, they always do." Jack Raines: The Paradox Of Choice "When you have an abundance of good choices, the problem is reversed. You don't know what is "right" and "wrong," because every option is right. The aftermath of these decisions isn't filled with gratification and relief, it's filled with doubts and thoughts of "what if," because you know that choosing one good action means you must reject other good actions. So you find yourself paralyzed by indecision." Humble Dollar: Proud Of Nothing "To accomplish this feat, I tuned out cable business news. I avoided financial articles on topics like why you should sell bonds or overweight foreign stocks. More important, I ignored the financial markets’ daily performance." Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.