Animal Spirits: Stay the Course

On today’s Animal Spirits, we discuss: Jack Bogle (me) Jack Bogle (Ben) Pay yourself first Student loans and the housing market Housing and rates Druck in 1988 Listen here: Recommendations Stay the Course Clash of the Cultures Charts mentioned Tweets mentioned Ladies and gentlemen my hero, @nealbrennan pic.twitter.com/MixS2dH8Wo — ya mum's basement (@abdallahshandle) January 17,…

In or Out

“Should I get out of the market?” This is a question that ought to be eliminated from the investor lexicon. Healthy investing, like everything else, is all about moderation. Take Obi Wan’s advice, “Only a Sith deals in absolutes.” In a perfect world  you would determine what you want from your life and how much…

Tumultuous Times

Take a look at the table below of the worst days for the stock market over the last ~50 years. You’ll see the usual suspects, Black Monday, the Asian currency crisis in 1997, the Russian crisis in 1998, and 5 days from the second half of 2008. Then there’s one that looks like it doesn’t…

These Are the Goods

Articles Research has shown that female investors are more likely than men to focus on a family’s financial goals over their own absolute investment performance By Blair duQuesnay Consider saving to be a bill you have to pay. Your spending is the negotiable part. By Daniel Egan If you had a plan in place, stick to it; if…

Bogle’s Big Mistake

The world lost a legend this week. Jack Bogle had a greater impact on the average investor than anyone who ever lived. Bogle, however, was not an overnight sensation. The index fund, which he is best known for, wasn’t created until his fifth decade on the planet. I wanted to share the challenges he overcame…

Now Show Japan

I did a post a couple of weeks ago about the potential benefits of dollar cost averaging. To recap: It’s automated It’s a great way to force you to save money It gives you the ability to systematically buy low, with the cherry being that you’re buying more the lower stocks go. I explained that…

Animal Spirits: The Richest 50%

Today’s Animal Spirits is presented by YCharts. Mention Animal Spirits to receive 20% off (*New YCharts users only) On today’s Animal Spirits we discuss: What’s going on with Softbank and WeWork Sears was a giant The U.S. housing market How Japan defied demographics 1 in 5 millennials Who shares fake news? Is the stock market moving faster? Listen…

These Are the Goods

Articles It’s easy to underestimate our ability to change in the future By Morgan Housel You don’t live longer than any human in history without getting a few things right By Derek Thompson US stocks, bonds and real estate are the most trusted and relied upon financial “risk assets” on planet earth By Josh Brown Greed…

Buy Low, Buy High

The last twenty years haven’t been great for U.S. investors. Specifically, it hasn’t been great for lump sum investors. If you invested $10,000 in the S&P 500 in 1999, you could have $29,800 today if you were able to hold on. But how many people threw $10,000 into the S&P 500 and never invested again?…

Animal Spirits: Record Outflows

Today’s Animal Spirits is presented by YCharts. Mention Animal Spirits to receive 20% off (*New YCharts users only) On today’s Animal Spirits we discuss: The gap is closing between active and index Can unemployment signal a recession Some more unemployment numbers J.P. Morgan’s Guide to the Markets Stocks look attractive Alphabeticity Bias Credit Card Perks Do women hedge…