Tim’s Top Links – 4/23/19

If you didn’t know, yesterday was Earth Day!  It always serves as a great reminder to take care of the Earth as best you can.  We only have one!

In reality, every day should be Earth Day considering we’re all just guests on this planet we call home!

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

‘NJ Proposes Fiduciary Duty Rule’ – Tom Mullooly – The Human Advisor

  • On his new blog, Tom writes about the new NJ proposal for a fiduciary standard of care rule for all broker-dealers, agents, IA’s, and IAR’s.

‘The Problem With Most Financial Advice’ – Nick Maggiulli – Of Dollars and Data

  • You rarely hear from people who followed certain financial advice and DIDN’T get rich.  Survivorship bias is real, and it’s important to remember when considering who you get advice from.

‘James Harden and Alpha’ – Drew Dickson – Albert Bridge Capital

  • An advantage, in basketball or finance, is only an advantage if the other players don’t also have it.

‘The Path-Dependent Nature of Perfect Withdrawal Rates’ – Nathan Faber – Newfound Research

  • Withdrawal rates are tricky when it comes to finding the “perfect” one.  Many models don’t take in account the proper number of risks facing individuals.


Your Life is Happening NOW

“Life moves pretty fast.  If you don’t stop and look around once in a while, you could miss it.”

Most of you will recognize that quote from the timeless movie Ferris Bueller’s Day Off.  And if you don’t?  Please go watch it. Now.  Seriously. Go.

This line from a light-hearted comedy has turned into a seriously deep quote about life.  Today I wanted to share what this quote means to me.

Life is happening right now.  Look around.  These moments will never happen again.  We only have one life, and we don’t know how long it’s going to last.

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