Sunday AAR (23SEP2018)
The Sunday After Action Review is a collection of the best articles that we’ve read this week.
Know of a good article or blog that we should read? Please let us know in the comments.
- Why We Don’t Follow Dave Ramsey’s Baby Steps – There’s more than one way to pay off debt and accumulate wealth. New to me blog and I like it.
- Making Money In the Stock Market Is Not Easy – When I saw the article I knew there was a catch. To make money in the stock market in the long run just buy VTSAX and hold on. It turns out that the holding on part is the challenge. This is where the set it and forget it method of investing literally pays off. Invest in the TSP, an IRA, a 401k or all three. Keep doing it and don’t pay too much attention. OK, now the truth – I check mine damn near every day. See the ad for Personal Capital at the bottom of this post? For real I use that thing every-single-day. Still I hold on.
- Revisiting the Fall of 2008 – Ben Carlson explains one of those times when it was excruciating to hold on. As my frequent good fortune would have it in the Fall of 2008 I had a super hot girlfriend and we went on this fantastic, week-long bike ride. Just the other day I reminded her that we were on that ride ten years ago and exactly one week after Lehman went belly up.
- The Best Performing Stocks – Hey Ben, why can they be so hard to hold? “The biggest winners tend to experience ginormous losses along their way to those gains…”
- Travel the World and Stay for Free Part 1 Part 2 – Home Exchanges: I suppose that you have to live in some place that’s at least slightly desirable to visit (I don’t), but if you do this is a great way to travel and stay places on the cheap. An added benefit is the tax man needn’t get involved. Taxes on hotels stays are crazy high.
- Just Like Warren? – If you’ve read the AARs much, you know I love me some Warren Buffet. The challenge to actually investing like him is that a whole lot of other folks try to do it too. You’ve got to be faster or smarter than the other guys to get to the investments first. See this article from last week about “shrinking alpha”.
- Build a Life You’ll Never Retire From – The author teaches people how to not need/want to retire. She calls it “work optional”. I like the sound of that.
- This is how much a $1.7 million Bugatti oil change costs – Something like $2-7K more than my car cost new. I drive a cheap car, but still – crazy expensive. While writing tonight I wasted 20 minutes of my life and watched this YouTube video of a Bugatti oil change – 16 drain plugs! Even worse, they had to dismantle the rear of the body to get to the air filters.