Happy New Year!
Since I started writing weekly articles almost a year ago, I thought the first Monday of 2022 should be marked for review.
“Best-of” is a matter of interpretation as scaling this kind of thing is difficult, so what follows are quotes drawn from some of the best of the blog per a few different metrics as of late last year.
You might be a recent reader or have missed one of these amid a cluttered email inbox, so click on the article linked to read more.
Most Clicked on Facebook: I Don’t Understand the Stock Market
“Many of the products and services of publicly traded companies in investment portfolios are in the real world. You are probably using them today. Like right now.
You might be reading this on a product made by Apple (AAPL) while drinking your Starbucks coffee (SBX). You originally planned to only open one email in your Gmail (GOOG), but one turned into another and eventually you found yourself on our Facebook (FB) page reading this instead of clicking on another cute kitty video cousin Mildred uploaded to YouTube (again GOOG) for the umpteenth time. When you finish reading, you’ll pull up your online banking account at Wells Fargo (WFC) to check your balance before your daily tasks.
Later this morning, you hop in your Ford (F) truck to run some errands…”
Most Viewed Weekly Email: Financial Media is Not Financial Advice
“Few things provide greater clickbait or dramatic news segments than a potential crisis that might affect your money. Fear sells. So does euphoria. Both grant a nice buzz of dopamine to the human system.
The problem with filling yourself with the infotainment of financial television pundits or investment headlines in your Twitter or Facebook feed is that you may be more prone to act on things and make changes to your portfolio at precisely the wrong time…”
Most Liked on Facebook:Hope in the Worst. Prepare for the Best.
“…train yourself to be the kind of investor whose psychological orientation is prone to take action in dark moments with an expectation of a brighter future. Buying some—instead of selling all—when markets are down. Innovate and act—instead of staying stuck, prepping for only bad days to come—in a crisis. Is this always possible? Of course not. This takes preparation too.
Being optimistic when everyone else is pessimistic is not easy. Seeing the economy and markets as cyclical and future growth as on the horizon when everything is flashing red is hard. But preparing for the best in the midst of the worst can be wise too and may have enduring financial gain. Crises can be great opportunities.”
Would you consider sending or forwarding this on to one friend? Since people are thinking about new habits, signing up for our weekly email might jumpstart their financial planning, literacy, and goals for the year.
Cheers to you and yours in 2022!