Tim’s Top Links – 4/14/20

As we talked about in last week’s episode of the Mullooly Asset Show, there will be firms and experts making calls on TV in every direction of the market.

This morning, Goldman Sachs says this downturn could be 4x worse than the financial crisis, but they’ve also said the bottom is in and their price target for the S&P 500 is still 3,000.  Remember, what you watch on TV is entertainment and nobody can predict the future.

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

‘The Power of Patience’ – Dasarte Yarnway – Berknell

  • In his latest post, Dasarte shares a story of patience from his past, and how the secret to success for many people isn’t a secret at all.  Having the patience to look past short-term bumps can make all the difference.

‘The Next 20% Move’ – Ashby Daniels – The Retirement Field Guide

  • Especially when it comes to retirement, Ashby reiterates his message that investing time horizons are definitely NOT short-term.  While we may not know with certainty which direction the next 20% move will be, Ashby describes why that isn’t necessarily important.

‘Why This Crisis is Going to Make Wealth Inequality Even Worse’ – Ben Carlson – A Wealth of Common Sense

  • Wealth inequality has been an issue in America for a while, especially relevant after the Great Financial Crisis in 2008.  Ben writes about how this downturn will make the problem even worse, citing a well-known quote from J.P. Morgan.

‘Death of a Value Investor’ – Nick Maggiulli – Of Dollars and Data

  • In his latest post, Nick looks at the performance of value versus growth stocks.  Historically, value has outperformed growth, but Nick explains how the trend might be shifting.  He outlines a few different scenarios for value investors, and where things could go from here.


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