I’ve always heard there are 2 certainties in this life: death and taxes. Well, it’s getting to the point now where you can add a third thing to that exclusive list: people will overreact to whatever the Fed does.
Leading up to every single Fed meeting for what seems like forever, people have been speculating about what the Fed will do, or NOT do. The market goes up and down because of how people are feeling about the meeting’s verdict for weeks prior. I understand the media just needs something to talk about, but if you’re a LONG TERM investor, which most people SHOULD be, the Fed meetings should have NO impact on you. *steps off soap box*
Here’s what I’ve been reading this morning:
‘Fears of a September Rate Hike Will Dominate Markets This Week’ – Paul Dietrich – Adviser Hub
‘Underperformance: Not a Bug, a Feature’ – Isaac Presley – Cordant Wealth Partners
‘The John Bogle Expected Return Formula’ – Ben Carlson – A Wealth Of Common Sense
‘Are Active Funds Lower Risk Than Passive Funds?’ – Phil Huber – BPs and Pieces
‘Tips for Getting Your Series 65 License To Become An RIA’ – Michael Kitces – Nerd’s Eye View