"People are worried that people aren't worried enough." That's the phrase Matt Levine has used to describe the current state of the stock market, or rather many investors' thoughts on the stock market. What he means is that the stock market has been calmer for a...
You might be tempted to think, as I often am, that the business of money is fairly straightforward. Some spreadsheets here, some Monte Carlo testing over there, some budgeting along the way, and ding ding ding! There you have it: A wonderfully black and white sort of product with very little wiggle room for uncertainty, or, more to the point, humanity.
It's an interesting question isn't it? Which is currently worth more money, your home or your 401(k)?
It's sort of a trick question. Sort of. The point is, if you had to tell someone what your two largest financial assets were, there's a good chance you would list your home and your 401(k) in some order.
Market times like these can test our deepest resolve, especially when we are not prepared for the emotional impact of real declining wealth or learning the hard way that our 'expertly designed portfolio' sinks far more easily than we expected. [caption id="attachment_7590" align="alignnone" width="896"] "Winter Swells" by HG DeCortes - Beacon Collection[/caption] We don't...