Monthly Archives: June 2020

Millionaires – The biggest influences on my life | 3 of 3

This is the third and final post in this series where I discuss the most influential events of my personal finance journey. I like to save the best for last so today I’m discussing a book called, “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy,” by Thomas Stanley and William Danko. 🙂 The Millionaire Next Door… Read More »

Divergence

The stock market is not the economy The global economy is not doing well so far this year. Pacific Investment Management Co (PIMCO) believes the “forced closure of businesses across the United States and surge in unemployment will cause U.S. growth to contract by 30% in the second quarter of 2020.” The U.S. unemployment rate rose to a… Read More »

Fiscal Update May 2020 | Oil’s well that ends well

Energy sector bounces back The human brain can often exaggerate negative emotions in the midst of uncertainty. It’s why otherwise calm drivers are susceptible to road rage behavior. Similarly, a stock market crash can cause investors to fixate on the bad news, lose perspective, and extrapolate recent trends into a dreadful future. Here’s a business headline from mid… Read More »