"The courage to start.
The discipline to focus.
The confidence to figure it out.
The patience to know progress is not always visible.
The persistence to keep going, even on the bad days.
That's the formula."
— @shaneparrish
5 habits to start in your 20s, or for the rest of us, today:
1. Learn to say no. If you don’t learn this, expect to see your life taken over by things that aren’t important to you.
Me: Price weighting and adding/removing stocks at the discretion of a committee are a silly way to index, a relic of a bygone era.
Also me: Just 8.6% of the 1,474 actively managed large cap mutual funds that were around twenty years ago both survived and beat this silly index.
Creative Planning to Donate $12 Million to Organizations Focused on Social Justice Reform, Access to Education, Financial Literacy, and Basic Needs. Learn more: https://t.co/gGz3Y9ijGP
A fact that may surprise some:
Since 1926, the average forward 1 year return of the S&P 500 following a new market high is 14.1%. Average 5 year is 9.9%. If the market hitting an all time high is your reasoning for waiting to invest, it’s time to come up with a new reason.
“Most of the harms inflicted on consumers by financial advisors occur not due to malice or greed but ignorance. As a result better consumer protections require not only a fiduciary standard for advice but a higher standard for competency.” @MichaelKitces
Tonight's win is just the second time since 1940 in which the Packers turned the ball over three times, did not force a turnover and still won the game.
The only other time? Sept. 29, 1974 -- a 21-19 win over Detroit at Milwaukee County Stadium.
Source: @pfref
I’ve found many of my Greatest Generation and Baby Boomer clients ultimately try to simplify their financial lives, own less things, downsize homes and start to focus on experiences and those they love. In other words, they become Millennials.
It was a great first half of the year for the #markets. While there is always a myriad of factors that drive returns in various asset classes, the strong market has been driven largely by macro factors. Find out more with @PeterMallouk: https://t.co/S82X1m4OTa
“There's nothing in this world, which will so violently distort a man's judgment more than the sight of his neighbor getting rich.”
- J.P. Morgan, 1907
Every year it seems there is a new reason not to invest in the stock market. Director of Financial Education, @ClementsMoney helps navigate the current environment and give perspective on what the market is telling us in our latest newsletter: https://t.co/BgPjh0yVTU #stockmarket