Weekly Mixtape For December 18th, 2022

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/2-GgDLWmjIM Week In Review Articles The WSJ: Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely The WSJ: U.S. Inflation Eased in November, CPI Report Shows The WSJ: Stocks Fall, Pressured by Mounting Recession Concerns The WSJ: Congress Faces Deadline for Keeping Government Funded The WSJ: FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy https://twitter.com/joelakamag/status/1603357394846760960?s=61&t=9yDC-ZlV5Q9Y7pltiMsTcQ Weekly Mixtape Morgan Housel: Why Competitive Advantages Die "The only thing harder than gaining a competitive edge is not losing that advantage when you have one. That’s as true for careers and investment strategies as it is for business. And since people are naturally optimistic, there’s a tendency to put more thought into finding an edge than not losing it once you find one." Casey Grisez: Sidewalk View "But when the boys and I went by other houses, we saw people relaxed and enjoying Thanksgiving. I began to feel like I was looking at how the holidays are supposed to be. I don't know if it was the fresh air, the huge meal, or the second glass of wine, but I thought about how many Thanksgivings I have left." Dr. Joy Lere: It's A Wonderful Life "We don't get to watch the reel of what this world would be like without us. Still, we need to live, love, and work knowing that it will count in ways that we will never fully know.  Think about the people you love the most. " Dr. Phil Pearlman: Setting Health Goals For 2023 "You don’t need to set impossible goals that will lead to injury if you don't know how your body responds to pushing it to its limits. Not getting injured is important as recovery time sets you backwards." Of Dollars and Data: The Gift Of Time "Because everything I write isn’t really about money, it’s about time. Time with your loved ones. Time to enjoy yourself. Time to live the life youwant. In the end, all of your money will be converted back to time anyways. If not now, then later. And if not by you, then by someone else. Possibly after you’re gone." More To That: The Meaning Of Life Is Absurd "In this futile pursuit of escaping the absurd, nothing will ever be good enough because we are always chasing an elusive grand narrative, our overarching meaning of life. We will forever be chasing our own tails, wondering when the hell the universe will answer our individual calls for purpose." A Wealth Of Common Sense: Money Lessons From White Lotus "The murder mystery aspect of the show was tremendous but my finance brain couldn’t help but notice a number of money and behavioral psychology lessons from this season’s cast." Clint Haynes: How Inflation Affects Planning Your Retirement "Inflation can really eat into your retirement if you’re not careful. However, with proactive planning, you can effectively combat inflation. You don’t have to let inflation slowly erode your lifestyle over time." Elliott Appel: Is Long Term Care Insurance Worth It? "How will you pay for care? Which assets will you use? Do you plan to receive care at home? Can you rely on friends and family for care and if so, for how long? Is long-term care insurance worth it? " All About Your Benjamins: This Year's Best Present: Your Presence Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.