Tim’s Top Links – 4/30/20

Yesterday, I made an appearance on Ep. 190 of the Mullooly Asset Show.  I haven’t gotten a haircut in about two months, so what better time to hop back in front of the camera, right?  Check out the video below!

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

‘What Does GDP Mean For Your Investments?’ – Mullooly Asset Show

  • In this week’s episode, I explain what the GDP numbers from yesterday mean for long-term investors.  I also explain the backwards-looking nature of GDP, and how the economy (GDP) and the stock market are NOT the same thing.

‘The Importance of Why’ –  James E. Wilson – Mostly Money Podcast

  • I was a guest on the Mostly Money Podcast, and I discussed the importance of understanding the reason WHY you have the financial goals that you do.  Financial planning becomes a lot easier when you have that financial why to fall back on when times get tough.  However, figuring out your why can be challenging.

‘The U.S. Needs Way More Than a Bailout to Recover from COVID-19’ – Barry Ritholtz – Bloomberg

  • While the scope of response from the government in regards to COVID-19 has been massive compared to previous crises, Barry writes about a drastic step that needs to be taken to get America back on its feet.  This solution hasn’t been used since the Depression, but Barry writes that it’s time.

‘When You Have No Idea What Happens Next’ – Morgan Housel – Collaborative Fund

  • It’s natural to try and learn as many lessons as possible every time the world surprises you, but as Morgan writes, the most important lesson is simply that the world is surprising.  Making less forecasts, reading more history, and having expectations is as specific as we can make it.

ENJOY!

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