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What caught my eye this week.

I have used more than one of these Friday missives recently to talk about the shakier corners of the market.

But this week saw even the giant US bellwethers take enough of a beating for ardent indexers to notice.

Rather than listen to my pop market psychology again (don’t worry, I’ll be back) I’ve rounded up some other people’s views below.

Please note! If you have a plan and you’re happy with it, you’re welcome to skip all this stuff.

Especially if you think focusing on it might derail your sensible strategy.

Similarly if the volatility is getting to you emotionally, there’s no shame in taking a timeout, either.

Markets will be markets, regardless of whether you and I pay attention.

And whether they crash or soar, what looked terrible on a stomach-churning day like last Monday won’t be visible on an index graph in a year.

Am I bovvered?

Perhaps a good rule-of-thumb is to match the interest you give to these gyrations with the cadence of your investing activity.

If you invest automatically every month, I wouldn’t worry about weekly wobbles. If you rebalance once a year, maybe check out until December.

You needn’t suffer the daily turmoil with us masochists for no reason.

As Taleb stressed in Fooled by Randomness, whether stocks are up or down in a day is very nearly a coin-flip – close to 50/50…

…but losing half the time feels far worse.

You want some more? Here’s a selection of nicely-baked takes:

Jason Zweig: why you should sit out the market mayhem – WSJ
Four good reasons to sell stocks now – Morningstar
Is this the end of the go-go years? – A Wealth of Common Sense
We don’t get to choose when the market drops – The Belle Curve
Four reasons investors should worry about volatility – Peter Lazaroff
The big wobble – Banker on FIRE
Is this a big rotation from growth to value? Sort of – Valididea
Some reminders for a market crash – A Wealth of Common Sense

From Monevator

Pay off the mortgage or invest: with a new calculator – Monevator

How do zero commission brokers make money? – Monevator

From the archive-ator: Strategies for investing in bear markets – Monevator

News

Note: Some links are Google search results – in PC/desktop view you can click to read the piece without being a paid subscriber. Try privacy/incognito mode to avoid cookies. Consider subscribing if you read them a lot!1

UK property rents rise at fastest-ever pace – Yahoo Finance

Increasing the state pension age has kept more over-65s at work – IFS

Large investors driving up property prices in Europe’s big cities – Guardian

Two men take a corpse into Post Office in attempt to claim dead man’s pension – Guardian

Watchdog says people underpaid state pensions ‘left in the dark’ – Which

Law commission says drivers should not be liable for AI accidents – ThisIsMoney

New list of the individuals who pay the most tax in Britain – Guardian

US tax start-up targeting crypto traders hits unicorn valuation – Decrypt

Electric vehicle sales set to surge in 2022 – Axios

Products and services

Amazon and Barclays’ ‘buy now, pay later’ scheme explained… – Which

…and sector gorrila Klarna also set to launch in UK – Guardian

Open an account with InvestEngine via our link and get £25 when you invest £100 (T&Cs apply) – InvestEngine

Nationwide finally ups the rates on some savings deals – ThisIsMoney

Common mistakes that can invalidate your boiler warranty – Which

Homes for sale in historic ports, in pictures – Guardian

Comment and opinion

Will the UK’s 20-year housing bubble ever end? – UK Dividend Stocks

The plight of first-time buyers [Search result]FT

Project Mickey – Humble Dollar

Robinhood, Reddit, and the revolution that wasn’t [Podcast]Bogleheads

17 ways to save money on your household bills in 2022 – Which

Are you really getting rewarded without any extra risk? – Fortunes & Frictions

Jack Bogle at the Woodstock of capitalism – The Evidence-based Investor

Personal finance in nine diagrams – Mr Stingy

Rationalization – Indeedably

Is it okay to subsidize spendypants adult children? – Mr Money Mustache

Time is money mini-special

The opportunity cost of everything – Young Money

Everything must be paid for twice – Raptitude

Saving $575 for a moment of discomfort – Get Rich Slowly

Crypt o’ crypto

You don’t need a Bitcoin ETF when Coinbase tracks so closely – Josh Brown

Andy Warhol, Clay Christensen, and Vitalik Buterin walk into a bar – Tim O’Reilly

What Nicholas Taleb got right and wrong about Bitcoin – Bloomberg

Why are celebrities promoting dubious cryptocurrencies? – Slate

Naughty corner: Active antics

Current conditions: the cyclone beneath the surface [Podcast]ILTB

Great look into German family HoldCo JAB – Neckar’s Insecurity Analysis

Expectations investing: Q&A with Michael Mauboussin – Motley Fool US

The market’s in freefall: what should I do? – Fire V London

Two stocks that ended one man’s stockpicking antics – Humble Dollar

The US Fed is over-egging rate expectations [Agreed, FWIW]The Bellows

Why active managers are sitting pretty despite outflows – Investment News

Covid corner

Omicron’s fall has slowed. Should we worry? – BBC

Kindle book bargains

How to Build a Memory Palace: Books 1&2 by Sjur Midttun – £0.99 on Kindle

Scrum: The Art of Doing Twice the Work in Half the Time by Jeff Sutherland – £0.99 on Kindle

The 5AM Club: Own Your Morning by Robin Sharma – £0.99 on Kindle

Grit: The Power of Passion and Perseverance by Angela Duckworth – £0.99 on Kindle

Environmental factors

These turtles fly south for the winter – Hakai

The [non-] impact of impact investing [Research PDF, from late 2021]SSRN

Hopepunk: the optimistic new sci-fi genre [Couple of weeks old, not to be confused with solarpunk!]BBC

Off our beat

Causalities of your own success – Morgan Housel

On the insanity of being a scrabble enthusiast – LitHub

The secret life of a super-recognizer – Guardian

Fight Club gets a new ending in China, and the authorities win – Guardian

Why is Ukraine such an economic failure? – Noahopinion

Dreams and kindness are all we have – Interfluidity

And finally…

“Thanks to auto enrollment pensions most of us are shareholders – part owners of the corporate world. That common ownership people say they crave? We already have it.”
– Merryn Somerset Webb, Share Power

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The post Weekend reading: Take a timeout appeared first on Monevator.

What caught my eye this week. I have used more than one of these Friday missives recently to talk about the shakier corners of the market. But this week saw even the giant US bellwethers take enough of a beating for ardent indexers to notice. Rather than listen to my pop market psychology again (don’t
The post Weekend reading: Take a timeout appeared first on Monevator.

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