Tim’s Top Links – 6/4/19

The amazing run on Jeopardy by James Holzhauer ended last night.  Even though he came up just shy of Ken Jennings’ all-time record, Holzhauer put on quite the show.

It was a HUGE bummer to have the internet spoil his loss hours before the show aired, though.  I guess technology doesn’t make everything better.

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

‘Just the Facts About Market Corrections’ – Ben Carlson – A Wealth of Common Sense

  • Since 1950, the S&P 500 has experienced peak-to-trough pullback of 5% or worse in 65 of 70 years.  Moral of the story, this pullback is normal.  Get over it.

‘Why I Don’t Wake Up to the News’ – Josh Brown – The Reformed Broker

  • Josh shares why he doesn’t start his day with financial news or political news.  (Just a personal anecdote: I do the same thing!) There are better ways to start your day.

‘The Goldilocks Zone of Personal Finance’ – Nick Maggiulli – Of Dollars and Data

  • As Nick writes, it’s hard to teach lessons about money when you’re in poverty, or ultra-wealthy.  Each has their own set of challenges, and the sweet spot is somewhere right in the middle.

‘When Staff Advisors Want to Market Themselves’ – Bryan Hasling – Millennial Planners

  • Bryan writes about young advisors who want to market themselves individually, but can be held back by the restrictions set out by their larger firms.


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