It’s time to start living like an adult, which means getting your financial house in order. And the first of the year is a great time to set new rules and goals for yourself. No one expects you to do all of these, but making just a couple of them part of your routine should strengthen your financial future:
As the coronavirus vaccine began to roll out, providing a light at the end of the COVID-19 tunnel, Congress passed a $900 billion relief package and government funding bill at the end of 2020
When it comes to outlooks about the economy or the market, what I want you to focus on is not the guess about market direction or performance, but how that person thinks about the World. What is their framework and how adaptable are they to change?
With the inventions of cable television, the internet and eventually social media came a Cambrian explosion of information. This opened many doors for education, but it also increased the prevalence of disinformation, sensationalism, fear mongering and outright grifting. Here are three steps to help us read, analyze and learn from financial news.
It’s easy to look back and scold yourself for not investing in Amazon, Tesla (a 5,600% return; see below) or any number of IPOs that have proven wildly successful. This is known as hindsight bias, the inclination to view past events as having been more predictable than they really were. It’s especially prevalent among investors who, when looking back at their portfolio misses, shake their head and mutter “I should have seen that coming.”