@sweatystartup Nick, the key distinction is Modification vs. a “Regular Refi”. I observe you likely have a portfolio loan with Dollar. It’s on their books. That’s why it’s slick and simple. Modification ≠ Refi.
.@BillSimmons does the legend of the Sopranos rise in correlation to Gandolfini’s death? Like how Nirvana’s legacy grew after Kurt’s death but the Pumpkins/Pearl Jam just became middle aged men? CC @Steven_Hyden@CKlosterman
@morganhousel@jpmorgan .@morganhousel So if an advisor can keep you from selling out of fear ONE time, they could charge you 138bps per year to manage your money and pay for their fees for a decade. advising is not investing management. it's emotional management.
@morganhousel .@morganhousel further, if you look at the @jpmorgan Guide to the Markets, the average INTRA-year drop is -13.8%, yet the average annual return is 8.8%.