The Sunday Best (07/30/2023)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure.

Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy.

Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so expect to see those biases in the selected articles.

Related topics that have become recurrent themes include early retirement, selective frugalitytax issuestravelphysician issues, and of course, investing.

For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!

Jorge Sanchez, MD, curated this week’s articles.

 

The top 10% holds nearly 70% of U.S. wealth. In his article, How to Invest Like the 1%, Ben Carlon from A Wealth of Common Sense shows what we can learn from the 1% regarding how they allocate their assets. 

 

In Lemonadamedia’s recent podcast episode, Dr. Ezekiel Emanuel lays out some of the biggest and most radical changes we will face over the next few years, from hospital ownership to how we will pay for care: Radical Changes Ahead in Health Care

 

I've got my 2 acres of non-leveraged, crop-producing, cashflowing farmland via AcreTrader. Get yours.

 

Is buying a foreclosed home a golden opportunity or a risky endeavor? Here, we discuss both the good and the bad of purchasing a foreclosed home: The Truth About Buying a Foreclosed Home

 

In this insightful article, Katie Gatti Tassin from Money with Katie chronicles her experience of buying her Macan in the context of someone who used to disparage such a choice and how she was wrong…and right: The REAL Pros & Cons of Having a Nice Car

 

Validea discusses the eight ways you can speed up (or slow down) wealth creation: Eight Ways You Can Maximize the Power of Compounding

 

In this podcast episode from Morning Star, Joel Dickson discusses How America Saves using Vanguard’s annual report on the 401(k) plans it oversees, one of the best lenses into the state of America’s retirement preparedness. 

 

Morning Star’s Amy Arnott discusses her personal shortcoming when it comes to finances despite being an expert: My 8 Biggest Financial Mistakes

 

Ritholtz discusses why people underperform their assets and why the longer the holding period, the greater the impact of compounding error.

 

With the rise of social media, envy has become one of the most pervasive problems in our modern world. More to that argues that the solution is necessary to have more in this refreshing article: The Antidote to Envy

 

There are many definitions of wealth. Ben Carlson from A Wealth of Common Sense discusses the importance of examining your definition of wealth and knowing how much money you need to be happy: Some Other Forms of Wealth

 

We reviewed Goldman Sachs’ 2023 Report on the Global Housing Market Crash this week. Here’s an overview and our key takeaways: Goldman Sachs’ 2023 Report on the Global Housing Market Crash – Overview and Takeaway

 

Never loan money to friends or family. Give it. Blas outlines the steps and requirements to get rich according to Felix Dennis, founder of Maxim Magazine: How to Get Rich

 

In his recent post, Thomas Kopleman goes over the different ways to give money and help your family without utilizing trusts, including 529 plans: Non-Trust Wealth Transfer Planning

 

Of Dollars and Data discusses why every investor should consider the time and work associated with an investment in addition to its expected return: Return on Hassle

 

From Origin Credit Advisers:

 

Origin Credit Advisers’ Strategic Credit Fund is offering a special promotion for early investors. From now until December 1, 2023, we will waive the management fee on the Fund’s first $150 million of equity received. Also, investors will be credited with additional units equivalent to a monthly distribution reinvestment program participation at 6% per annum.

The Strategic Credit Fund is a portfolio of yield-focused multifamily debt investments for qualified purchasers3 that seeks to provide a consistent stream of risk-adjusted income and capital protection. The benefits of the Fund include:

  • Downside protection: Investments are senior to underlying common equity in payback priority.
  • Monthly distributions: Investors can also opt to auto-reinvest distributions into the Fund.
  • Inflation hedge: When interest rates rise, so do borrowers’ interest payments.

The next trade date for the Strategic Credit Fund is rapidly approaching. Investors who invest by Monday, August 31, 2023, will have their commitments called immediately and will have an effective purchase date of September 1, 2023.

Take the next step: Get your due diligence documents for the Strategic Credit Fund today.

 

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