At Core Private Wealth we are voracious readers of a wide variety financial content being published on the web. Each month, we will do the hard work for you and present you with a summary of our 5 favourite articles we came across that month.
10 Things Investors Can Expect in 2018
Ben Carlson admits he has no idea whats going to happen in 2018 and neither does anyone. His list of 10 things you can expect makes for some provocative reading.
Your Greatest Asset is YOU
Nick Maggiulli has written a thought provoking article on how “ by saving and investing, you are rebuilding yourself as a financial asset equivalent that can provide you with income when you no longer work”
Saving Money and Running Backwards
“ Wealth has a curse. It’s called the hedonic treadmill. Its mission – and it is ruthless – is to move the goal post of your financial dreams, extinguishing the joy you thought you’d get from having more money once you attain it.” – Collaborative Fund
The Freakishly Strong Base
In this article Morgan Housel shows how compounding is like slowly accumulating glacial ice.
“ You start with a thin layer of snow left over from a cool summer that no one pays much attention to, and after a few tens of thousands of years the entire earth is covered in miles-thick ice.
It’s an example of compounding in nature. And it shows what can be built off a freakishly small base.”
When Risk is Not Rewarded
“ One of the most damaging statements an investor can be told is, “If you would have invested $10,000 in [insert asset that has risen by a huge amount from a very low price] you would have made [a huge amount of money].” – Ben Carlson