Email digest by Financery of the most interesting stories and blogs related to personal finance. Curated by Chuck.
This week we stress the value of contingency plans in our personal finances, heed a warning about how fees and taxes can eat our investments, and search for our personal efficiency. And an update about the Amazon gift cards giveaway.
In life, sometimes we have to rely on redundancies and contingencies when plans go awry. It’s the same in personal finance.
C: Financial redundancies and contingencies buy peace of mind. The author explains the benefits of having plan Bs, but also makes the case that a standard emergency fund is not really a must-have - I tend to agree.
Index fund investing is low-cost/low maintenance. The worst-case scenario for taxes/fees are realized by those who day-trade. How much difference is there?
C: I’m a sucker for nice charts. Even better when they are useful and educative. In this case study, Greg compares the expected returns of an index fund investor, a day trader and a specialty ETF investor.
When you’ve created your own personal efficiency, you never have these thoughts. You spend money consciously and without concern because it’s exactly what you intended.
C: A simple but important reminder that each of our personal finance decisions must be taken with our own personal values and interest in mind.
Bonus: $50 Amazon Gift Card Giveaway Update
Thank you to all 300+ of you who entered the giveaway. The two gift cards will be drawn randomly Sunday morning from the members of this list and based on your number of entries. The winners will be announced on my Twitter feed on Sunday:
