The Sunday Best (5/7/2017)
The Sunday Best is a collection of articles I’ve curated for your reading pleasure.
Presenting, this week’s Sunday Best:
Mama Fish Saves uses here Wall Street cred to dish out investment advice. Terrible investment advice. After polling numerous bloggers including me, Chelsea compiled The Worst Financial Advice We’ve Ever Heard.
lawyer behind Power of Thrift has some advice. The Enemy of Happiness in Entitlement.
This site has a mission statement, but I haven’t crafted one for myself. The Productive Physician suggests you should Create a Personal Mission Statement for the Life YOU Want.
Any podcast fans? Sometimes, it’s easier to listen than read, and the Financial Panther likes to listen. See his list of 9 Best New Personal Finance Podcasts (4 of which I have recorded with or plan to chat with soon). As a lawyer married to a dentist, physician podcasts are among the Panther’s favorites. Mine, too.
I featured the first seven parts of Dr. Big ERN’s safe withdrawal posts, and he’s kept improving and expanding the series with six additional articles. From Early Retirement Now:
- Part 8: A Technical appendix
- Part 9: Dynamic withdrawal rates (Guyton-Klinger)
- Part 10: Debunking Guyton-Klinger some more
- Part 11: Six criteria to grade dynamic withdrawal rules
- Part 12: Six reasons to be suspicious about the Cash Cushion
- Part 13:Dynamic Stock-Bond Allocation through Prime Harvesting
Huge bonus points to My Sons Father (not me, but the blogger by that moniker) for creating the world’s first Physician on FIRE minifigure out of LEGO to introduce his Random Questions series. His first guest? Himself. Clever.
Berkshire Hathaway Annual Meeting
Within the last year, I purchased my first shares of the one and only individual stock in my portfolio — Berkshire Hathaway.
I bought BRKB for a few reasons. One, it pays no dividend, which makes it an excellent candidate for the taxable account for a person like me in a higher tax bracket. Two, the stock has an excellent track record, returning about double the S&P 500 over many years. In the 8+ months I’ve owned it, the stock is up 11.3%.
The third reason, which is truly the main reason, is that it gets me tickets to Warrenpalooza, a.k.a. the Berkshire Hathaway annual shareholders’ meeting. It’s a gathering of some 30,000 investors eager to hear the words of the Oracle of Omaha and his companions.
Unfortunately, call duties prevented me from making the pilgrimage this year, but I do hope to make it to the land of beef steak and cornhuskers while Warren Buffett and Charlie Munger remain at the helm.
Perhaps next year I’ll be able to swing it, and I imagine a number of readers and fellow bloggers will be there, too. Let’s meet up!
A Blogger Meetup
While I wasn’t able to make it to Omaha last weekend, I was able to meet up with a gregarious group of personal finance aficionados in Minneapolis last weekend. Although the gathering spot I chose was subpar — we had to skirt around a climate change protest and found no grills in spite of the website’s proclamation — we soon found a warm atmosphere and cold beer in a nearby brewpub.
I want to thank everyone for coming out, including the folks behind Apathy Ends, Bible Money Matters, Budget on a Stick, Centsibly Rich, Fiery Millennials, Grounded Engineer, No Nonsense Landlord, Wealth Well Done, and the not-yet-a-blogger Red Hooded Sweatshirt. It was a great time, and I hope we can do it again soon.
Cheers to Amanda @ Centsibly Rich for a random act of kindness, picking up a random table’s tab at The Republic, and kudos to Peter @ Bible Money Matters on his 300,000 pageview day thanks to his post on Dave Ramsey’s home.
Vote for Hopslam!
If my #TopBrewTues photo (top right) gets enough likes, I’ll win tickets to a brew fest I won’t be attending.
But if I do win, I will give away the pair of tickets (an $80 value) to the FemAle Brew Fest in Fort Lauderdale, FL on Saturday, May 28th to the first person who comments below that they are willing and able to go.
Click here to vote! You may need to be logged into Facebook.
Thousands of non-fiction books, each summarized in ~ 15 minutes with Blinkist.
Have a great week!
-Physician on FIRE