What I have been reading - 29th July 2019
Here are some of the things that I enjoyed reading this week:
Investors are usually wrong: I'm one of them: This is a great article that investigates the gap between the return of an investment and the average return of the investors in that investment. "Most people, including me, would be better off if we gave up on being smart and stuck with a simple approach: long-term holdings of diversified, low-cost index funds, using only money we can afford to tie up for years."
What does a one-page plan look like?: Carl Richards shares why he has a one-page plan and what his looks like. "I think of my one-page plan as the gatekeeper for my financial life. Nothing gets through unless it fits with what I value most."
The Truth Is: In a world where advisors don't have to act in your best interests and are often incentivised to do the opposite, it can be hard to know what is true and what is not. Blogger Tony Isola shares his truths. As I always say, there aren't that many things you need to know in order to make good money decisions - most of them are listed here. Give this three minutes of your time today.
K.I.S.S. Investing (Keep it simple, stupid): A one-minute read with some great advice for anyone on the fence about investing.
Get back on track: James Clear is full of actionable advice. Here he gives you 7 strategies to help you bounce back after slipping up. "Small hiccups don't make you a failure, they make you human. The most successful people in the world slip up on their habits too. What separates them isn't their willpower or motivation, it's their ability to get back on track quickly."