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
- Gen-X demographic is panicked about money (as they should be). Too much debt, not enough savings. What’s interesting is that most of them will say that the cost of living is too high to save. But what is their benchmark on standard of living? There are millions of people that live on every single step of the financial ladder in earnings. There are households that live on $50k, $60k, $70k, $100k, $150k on up. It will always come down to, “Can you live below your means?” If the answer is “no” then you will always be broke, in debt, and have a bleak future. It’s just reality from a mathematical perspective – New essay says Gen X feels ‘bone-deep, almost hallucinatory panic about money’ – https://www.cnbc.com/2017/10/09/essay-suggests-gen-x-feels-bone-deep-panic-about-money.html
- Benjamin Franklin’s financial advice still stands the test of time hundreds of years later – Advice from Benjamin Franklin’s 259-year-old book on wealth is still relevant – https://www.cnbc.com/2017/10/13/money-advice-from-benjamin-franklins-book-on-wealth.html
Debt
- American households spending more on debt payments this year (there’s a surprise) – https://www.bloomberg.com/news/articles/2017-10-10/american-households-spend-bigger-slice-of-income-on-debt-payments
- IMF warns that leverage outside of banking system surpasses pre-housing crisis high. That’s no surprise as global debts are no a staggering $270 trillion worldwide (with only 7 billion people on earth and a lot of them sleep on dirt in third world countries.) When the debt bubble finally blows, you’ll see everybody blaming everybody else and looking to point fingers. But nobody should be surprised at this point when it blows because we are well past the point of no-return. – https://www.cnbc.com/2017/10/11/non-bank-leverage-surpasses-pre-financial-crisis-high-imf-warns.html
Investments/Valuations
- Banking analyst Dick Bove warns that the market is just as dangerous as the late 1990’s, and bank stocks could ‘come crashing down.’ He cites momentum – not fundamentals – as what’s driving bank stocks to all-time highs – https://www.cnbc.com/2017/10/10/bank-stocks-could-come-crashing-down-warns-bank-analyst-dick-bove.html
- Newly awarded Nobel prize in economics winner is nervous about the stock market and you should be too – https://www.bloomberg.com/news/articles/2017-10-10/nobel-economist-thaler-says-he-s-nervous-about-stock-market
- Boston Federal Reserve President Eric Rosengren states that stocks and commercial real estate are “fully priced” which is a politically correct way of saying, “Oh crap…more bubbles…” – https://www.cnbc.com/2017/10/12/boston-feds-eric-rosengren-stocks-are-fully-priced-at-these-levels.html
- A more detailed and analytical insight into current market valuations and how they are grossly deviating from underlying fundamentals. Investors should be preparing for a major reset once prices move back towards long term averages. It’s a long way down from here – https://realinvestmentadvice.com/bogle-buffett-shiller-tobin-valuations-are-expensive/
- What not to buy in the market today – https://realinvestmentadvice.com/what-not-to-buy-in-todays-stock-market
Macro
- Dutch Central Bank gives warning to bubbles in the market – http://www.zerohedge.com/news/2017-10-09/dutch-central-bank-warns-market-calm-storm
- Other asset managers starting to warn about the possibility of the biggest financial crisis of our lifetimes quickly approaching – Wealth manager warns on bond markets creating the ‘biggest financial crisis of our lifetimes – https://www.cnbc.com/2017/10/06/wealth-manager-warns-on-bond-markets-creating-the-biggest-financial-crisis-of-our-lifetime.html
- A long-time and reputable asset manager explains just why “nobody really knows how this is all going to shake out in the end. It’s just a dangerous and unknown experiment with unpredictable timing expectations. – https://www.fuw.ch/article/nobody-knows-what-will-happen/
Health
- Because our current administration doesn’t believe in environmental laws or that we need protection from companies that pollute, we should just pretend that stories like Flint, Michigan are just fake news – https://www.bloomberg.com/features/2017-flint-photo-essay/
Other Tidbits
- Now’s a good time to buy a used private jet. But probably not as good as once the markets correct. I hardly believe that most Americans will feel bad if some folks will need to get rid of their private jets when the markets start going full cycle and resetting to normalized valuations – https://www.bloomberg.com/news/articles/2017-10-09/private-jet-glut-spurs-insane-bargains-for-aspiring-buyers