📱

FI/RE

15 Genius Things I Learned at Lunch With Warren Buffett (6 minute read)In 2008, the managing partner and principal of Aquamarine Capital, Guy Spier, and his colleague Mohnish Pabrai got the rare opportunity to attend a charity lunch with famed investor Warren Buffett. Although a decade has passed since the pair made their $650,000 donation and met with Buffett, the lessons Spier learned are still vivid in his mind.

Sabbatical Financial Planning: Taking Extended Time Off Without Derailing The Career Or Retirement (20 minute read)For many workers, a typical career entails a series of successive jobs over several decades, with the end goal of retiring and finally being able to ‘relax’. And while most breaks from work on the traditional path are limited to short vacations, there is a growing movement of individuals who want to take extended time off during their working years to take advantage of their health and opportunities that might not be available to them once they reach ‘normal’ retirement age.

Inflation Reduction Act: Tax Credits for Homeowners (9 minute read)On Friday, the House passed the Inflation Reduction Act; it now goes to President Biden for his signature. There are three new tax credits in this law every homeowner should know about: the Energy Efficient Home Improvement Credit, the Residential Clean Energy Credit, and the Alternative Fuel Vehicle Refueling Property Credit (for electric vehicle chargers).

📈

Investing

Why Time is the Greatest Factor to Successful Investing (8 minute read)When it comes to successful investing, everyone is trying to figure out the ultimate secret. Regardless of whether you’re a large private equity firm or an individual investor, chances are you want to know how best to invest. Though it’s true that there are a lot of things out of the everyday investor’s control, there is one factor that affects invest returns more than anything else: time. Time smooths out a lot of volatility and is what allows the magic of compounding to occur.

Index Fund Investors Might Not Be as Diversified as They Think (3 minute read)Investing in an S&P 500 index fund is one of the simplest ways to grow your money. The large-cap stock index is used as a barometer for the overall stock market, and many say an index fund will provide instant diversification. But an S&P 500 index fund merely reflects the market. And the market is currently favoring big technology stocks like Apple and Microsoft, meaning S&P 500 index fund investors may currently find themselves overweight in technology stocks when that's not what they were aiming for.

The Fed should go on vacation after this year's rate hikes to avoid the risk of overdoing its tightening efforts, BlackRock says (4 minute read)BlackRock, the world's largest asset manager, said the Federal Reserve's rate hikes in 2022 to combat inflation should be enough to put policy makers in a wait-and-see position that's needed to reduce the risk of them overtightening and damaging the world's largest economy.

💻

Top FI/RE Reddit Posts

Unhappy in high-paying tech job. Want to leave industry

Here's my journey to FIRE

Extra $4k each month - Invest it or pay down 3.25% mortgage?

🐥

Best of FI/RE Twitter

#1

#2

#3

🧠

Wisdom Of The Week

Thanks for reading, if you enjoyed, tell your friends!