Weekly Mixtape For May 1st, 2022

"The headlines that may or may not be impacting your financial plan and portfolio." https://youtu.be/oJXBLR7WrBc Week In Review Articles The WSJ: U.S. GDP Falls 1.4% as Economy Shrinks for First Time Since Early in Pandemic The WSJ: Tech Rout Drags Nasdaq to Worst Month Since 2008 The WSJ: U.S. Consumers Boosted Spending in March The WSJ: U.S. Consumer Sentiment Rebounded in April -- University of Michigan The WSJ: Bitcoin in Your 401(k): Is That a Good Idea? https://twitter.com/garyvee/status/1520577794396377089 Weekly Mixtape Morgan Housel: Never Saw It Coming "The biggest news, the biggest risks, the most consequential events, are always what you don’t see coming." Dr. Joy Lere: Time Out "Time is slippery. How many minutes did you spend doomsday scrolling or looking at inconsequential things on your phone this week? Chances are a lot. Don't fold in on yourself with feelings of guilt or frustration. Interrogate your heart. Get curious about why you choose to spend your time how you do. Be ruthlessly honest with yourself." The Reformed Broker: It's Less Complicated Than You Think "The person who does the most always loses. " The Reformed Broker: Incoherence "When is a person most likely to buy a Ferrari? Within minutes of his startup being valued at $3 billion on the heels of the latest funding round. Less funding rounds at lower dollar amounts mean less Ferrari collecting. Now replace Ferrari with Bored Ape and tell me what the difference is. There isn’t any difference." The Irrelevant Investor: The Is Average "It’s a difficult environment for investors and it’s probably not going to get any easier. It’s not the smartest investors that will endure, but the most patient." Cullen Roche: A Cautionary Note About Home Prices " But could we see flat real estate prices for 5 years, a 1991 style 5% downturn in prices or something more prolonged? I think that’s absolutely possible and should be a base case for anyone jumping into residential real estate today." Khe Hy: Bike-Shedding --When Trivial Tasks Ruin Your Day "6 months later, they haven’t hit publish once. The trivial details are too seductive and give the false sense of progress. But they’re literally still at Square 1 (and out a couple thousand dollars)." Jared Dillian: We Are All Here To Feel A Little Stress "Because when you go through pain, and you deal with it like an adult, and you face it head-on, and you emerge—victorious or not, you grow. You grow as a person. You grow mentally, emotionally, psychologically, and spiritually." 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.