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About this time each summer it's fun to take a break from the humdrum of economics and investment practices to slow down and remember a simpler time. Travel with me to a place that no longer exists and perhaps never will again, except in the memories of a blessed few. The wonderful thing about growing up at Cape Lookout was

It's that time again.  Time for the Beacon Weekend Reader: Our weekly compilation of interesting articles and videos designed to keep you informed and engaged in the areas of economics, personal finance and life. We hope you enjoy this week's edition. Please send us your thoughts on this week's articles and suggestions for future posts.

You've no doubt heard the quote attributed to Albert Einstein: "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it." You understand that time can be your greatest ally or your greatest enemy depending on how much or how little you have to save. Finally, you've heard that younger people can be more aggressive than older ones when investing in stocks because they have more time to recover from setbacks incurred during significant market downturns. Today we'll share some fascinating aspects of compounding that will surprise and perhaps frighten you.

Welcome to this week's edition of the Beacon Weekend Reader.  This week's installment includes some great articles on personal finance including one must read.* Please send us your thoughts on this week's articles and suggestions for future posts.  Have a great weekend!

Our economy is not ready to stand on its own according to the Federal Reserve as of its latest meeting ended Wednesday of this week. In fact, they believe it is not expanding as fast as earlier hoped, as they downgraded their characterization of growth from "a modest pace" to "a moderate pace." Their focus remains on the labor market which we learned today failed to meet expectations.

It's time for another edition of the Beacon Weekend Reader.  We hope you enjoy our latest installment of interesting articles and videos designed to keep you informed and engaged in the areas of economics, personal finance and life. Please send us your thoughts on this week's articles and suggestions for future posts.  Have a great weekend!

One of the great secrets of success in investing is that of persistence; defined as "firm or obstinate continuance on a course of action in spite of difficulty or opposition." In this age of information overload, particularly in the area of investing, persistence has become considerably more difficult than it was 10 or 20 years ago. Throw into the mix an ever-expanding supply of 'financial advisors' backed by sophisticated marketing machines designing products to address today's 'opportunities' and its easy to see why staying the course is more difficult than ever.

Welcome to the Beacon Weekend Reader: A weekly compilation of interesting articles and videos designed to keep you informed and engaged in economics, personal finance and life. We hope you enjoy this week's edition. Please send us your thoughts on this week's articles and suggestions for future posts.

As you consider the question, do you compare yourself to others specifically, like say to the Joneses, or do you take a more general approach? Do you address wealth on a scale of ability to buy and do the things you want or do you dwell on security? Perhaps you consider friendships, connections, health, talents, shelter and provision as great wealth. Or maybe you don't ever think about it. Imagine that.

Welcome to the Beacon Weekend Reader: A weekly compilation of interesting articles and videos designed to keep you informed and engaged in economics, personal finance and life. We hope you enjoy this week's edition. Please send us your thoughts on this week's articles and suggestions for future posts.