Tim’s Top Links – 5/6/19

It’s 2019, and technology is EVERYWHERE.  For the latest proof of that, just watch what happened in the Kentucky Derby this past Saturday.  After a lengthy replay review, the original winner was disqualified and a new champion was crowned!

Even horse-racing isn’t immune to the repercussions of technology.

Here’s what I’ve been reading this morning:

‘How the NJ Pension System Provides a Financial Planning Lesson’ – Tom Mullooly – The Human Advisor

  • Kicking the can down the road is not a prudent financial planning tactic.  The NJ pension system has demonstrated that for us perfectly.

‘How Compounding Works in the Stock Market’ – Ben Carlson – A Wealth of Common Sense

  • Small gains over time add up.  Ben outlines how dividends from a fund like SPY have compounded since the early 1990’s.

‘3 Conclusions from the 2019 Berkshire Shareholders’ Meeting’ – Forbes

  • Thousands of people gathered to listen to Warren Buffett and Charlie Munger speak over the weekend.  Here’s a few takeaways from the event.

‘Want a Good Lesson in Financial Planning? Study How Well Your Parents Did or Didn’t Do’ – Pete the Planner

  • We all have a front row seat to see financial success, or defeat, by looking at our parents.  Pete outlines a scenario that speaks to the power of realizing how your parents managed money.

ENJOY!

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