Mike answers recently submitted listener questions. He then finishes discussing the recent article from the Wall Street Journal, “15 Personal-Finance Lessons We Can All Learn From the Year of Covid-19.”
He covers:
- You need a will.
- How your personal finances reflect your values.
- The importance of flexibility in you retirement plans.
- Things won’t always be bad or good.
- “This Time is different. Not.”
- The markets fool us: “If we can’t even explain the past, just think how futile it is to try to predict the market’s future.”
- The three bucket strategy.
- “Rebalancing Pays Off.”
- Stay the course: stay invested.
- Maybe start a side gig.
- Bonds are still important for diversification.