Kindle Notes & Highlights
The research shows that the more time we spend on our investments, and the more frequently we check the value of our portfolios, the worse our investment outcomes.
Again, that’s because inaction (other than rebalancing and tax managing the portfolio) is more likely to be the right strategy.
You realize few collegial relationships are really lasting friendships.
In their book, Your Retirement Quest, which we highly recommend, Alan Spector and Keith Lawrence identify what they refer to as the “10
Envision a time when your 15-year-old grandchild asks you, “What has your life been about?” You could answer, “I was an attorney,” but, you’re not anymore. What would you answer that grandchild in language he or she
The Happiness Advantage by Shawn Achor.
The next tool is based specifically on the key elements. Create a chart with two columns — label the first “Key Elements,” and list them down the column. Label the second column “Start/Stop/Continue.”
“In the grand scheme of things, money’s not that important. It’s significant only to the extent that it allows you to enjoy what is important to you.
wisdom to know what author Joseph Heller knew. Kurt Vonnegut told this story about Heller: “Heller and I were at a party given by a billionaire on Shelter Island. I said, ‘Joe, how does it make you feel to know that our host only yesterday may have made more money than your novel Catch-22 has earned in its entire history?’ Joe said, ‘I’ve got something he can never have.’ And I said, ‘What on earth could that be, Joe?’ And Joe said, ‘The knowledge that I’ve got enough.’”
Since the evidence suggests that there is no reason to believe that you can allocate capital more efficiently than the collective wisdom of the market, an allocation of 50 percent U.S, 37.5 percent international developed markets, and 12.5 percent emerging markets is a good starting point. Having said that, there is a reason for having at least some home country bias — international investing is a bit more expensive.
An investor might consider immediately repurchasing the sold security inside the investor’s tax-advantaged account. This will not work — the IRS considers this a wash sale.
Reinsurance and alternative
(also known as marketplace) lending. Long-short Alternative Style (Risk) Premia* and commodities. REITs (U.S., international and global). Fixed income. International small value. International large value. Emerging markets core, U.S. large value and U.S. small value. U.S. Core and international core.
In addition to helping avoid the earnings test and a reduced survivor benefit, the difference between filing at age 62 and age 70 for someone with an FRA of 66 is a 76 percent increase in benefits! It’s even greater at higher FRAs.
maximizemysocialsecurity.com to run analyses for our clients.
