Fill your brain with some goodness and read some of these recommended articles on debt, investing, health, time management, and other interesting tidbits to give you a leg up in life.
Simplify your life. Find your truth. Work towards your goals.
Financial Planning
- A growing number of women are hitting millionaire status within their 401k plans per Fidelity – https://www.cnbc.com/2017/11/27/how-some-women-become-401k-millionaires.html
- Welcome to the world of “Millionaire poverty.” The growing number of people grossly underprepared for retirement isn’t diminishing, it’s skyrocketing. With inflation (which the Federal Reserve says doesn’t exist, except it does in the real world), even a million dollars ain’t what it used to be. – https://www.cnbc.com/2017/11/30/even-a-1-million-retirement-nest-egg-isnt-enough-anymore.html
Debt
- Chinese debt now growing at the fastest pace in four years despite years of efforts to contain it. Chinese debt is now 3 times the size of the entire economy (bonkers). Chinese policy makers and central bankers make a warning. IMF makes a warning. Macro investors make warnings. 19th Communist Party Congress makes warning. The Chinese business communities reaction…Meh… – https://www.cnbc.com/2017/11/26/chinas-deleveraging-debt-still-growing-fast-despite-efforts-to-contain-it.html
- Do you use debt to buy and fund holiday and Christmas gifts? A surprising number of individuals are still paying off their debts from the prior year for Christmas shopping – https://www.cnbc.com/2017/11/17/shoppers-are-still-paying-off-debt-from-2016-holidays.html
Investments/Valuations
- Vanguard now publicly warning investors about over-valued equities, economic reality and the importance of their clients to lower expectations over the next 5 to 10 years – https://www.cnbc.com/2017/11/27/chance-of-us-stock-market-correction-now-at-70-percent-vanguard.html
- European Central Bank Vice President gives warning to investors in the US equity markets. Says high valuations well-above historical averages and could spark a possible correction in global stock markets – https://www.cnbc.com/2017/11/29/us-markets-looking-overstretched-and-could-trigger-a-sharp-reversal-ecb-vice-president-says.html
- ECB issues statement in its Financial Stability Review Report on concerns related to a sudden increase in volatility. The bank believes that there is a risk that this overall sense of optimism is miscalculated, which could end up shaking financial markets once money managers realize they took on more risk than they could handle – https://www.cnbc.com/2017/11/29/ecb-warns-of-global-market-correction-after-excessive-risk-taking.html
- Goldman Sachs warns that equities are at their highest valuation levels since 1900. Nothing that the average investor cares to hear about. Nothing to see or hear, move along – https://www.bloomberg.com/news/articles/2017-11-29/goldman-warns-highest-valuations-since-1900-mean-pain-is-coming
- Excellent insight into bubble dynamics from Jim Rickards, lawyer, author, investment banker and government consultant – https://dailyreckoning.com/bubble-dynamics-market-crashes/
Macro
- Despite all of the talk about a “strong economy and low unemployment,” many U.S. households are struggling to keep their head above water and the debts around them are beginning to suffocate them – https://www.bloomberg.com/view/articles/2017-11-22/pressure-on-u-s-households-intensifies
Health
- The cancer drug industry is a $107 Billion dollar a year industry. Do we really want a cure for cancer or just effective treatments after the fact to keep the economic machines turning? You be the judge – https://www.wired.com/story/cancer-immunotherapy-has-arrived-but-not-for-everyone/
- We are living longer but in poorer health. If this keeps up, we can extend inactive and unhealthy lives for years and years. Great for the health care industry, bad for you if you are a pile of mush during your golden years – https://www.theguardian.com/science/2017/nov/24/were-living-longer-but-in-poorer-health-warns-thinktank
- Breakthroughs continue in biotech’s search for cancer treatments – http://med.stanford.edu/news/all-news/2017/11/second-dont-eat-me-signal-found-on-cancer-cells.html?linkId=45219274