What I have been reading - 22nd July 2019
Eating your own cooking: This is an important concept in investing. I am always amazed by how few people (almost zero) have asked me over the years what I do with my own money and how I invest it.
You, Dear Investor, Are Patient, Prudent and Calm: Jason Zweig (WSJ) discusses some interesting data from Vangaurd.
The hidden benefits of renting over buying: I think we need to rid ourselves of the idea that renting is 'throwing away money'. This author (Khe Hy) puts forward arguments for buying a home and arguments for renting. As with any personal finance decision, it's personal. If you want to read more, check out Ramit Sethi. Ramit is author of 'I Will Teach You To Be Rich' (a much better book than the title suggests) - you can find some of his advice on renting/owning here. Ramit says renting is no more 'throwing away money' that going to the supermarket is. It's a consumption choice like any other consumption choice.
Today versus Tomorrowland: This is a wonderful article from a fellow adviser looking at how we balance living in today whilst planning for tomorrow. He reminds us that the future is promised to no one. I am certainly as guilty as he is. A huge amount of the benefit of a real financial adviser is to help you find a balance. Most people, if they are honest, are too far over to one side or the other.
Serena Williams Poses Unretouched for Harper's BAZAAR: The title of this irritates me. It's nothing to do with her posing in whatever way she wants to pose. It's about an incredibly strong and passionate woman speaking out about the injustices she sees. "Why is it that when women get passionate, they're labeled emotional, crazy, and irrational, but when men do they're seen as passionate and strong?" Once you have read the article, watch this 30 second video clip where Serena responds to a stupid question from a journalist.