I hope you’re having a great week.
Please see this week’s articles, chart, and quote below, along with two bonus posts written by me.
One Year Later and We’ve Already Forgotten
Jason Zweig, The Wall Street Journal
In the past year the Dow Jones Industrial Average and the S&P 500 each gained 76%, the best 12-month performance for either index since February 1934.
Those explosive gains have blown away any financial memories of pain and loss and fear. When we try to reconstruct how we felt a year ago, the subsequent gains in our portfolios color the original bleeding red a soothing green.
Getting Rich versus Staying Rich
Blair Belle, The Belle Curve
Getting rich and staying rich are two very different skills. Getting rich is exciting, even thrilling, and often includes lots of risk taking. Staying rich is boring, bordering on mundane
Bay Area Home Sales Surge as Buyers Sense End of COVID
Louis Hansen, San Jose Mercury News
Realtors say the Bay Area market has become even more competitive, with shoppers looking for more space, bigger lots and move-in ready features in the suburbs. A strong stock market, lifting the incomes of tech professionals and other investors, and historically low interest rates of around 3 percent have increased the purchasing power of buyers
Unemployment rate by state.
South Dakota’s is the lowest in the country at 3.1%.
“It’s easy to look at winning stocks and feel regret for missing them. It’s hard to look at a stock and realize you would never have been able to hold on through all the ups and the downs. The financial road always appears more clear when you’re looking in the rearview mirror.”
– Michael Batnick
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