Where do you get your information on what is going on in the markets, if you just had ten minutes each day to check in?
Is there a good news segment that can be found on youtube or a check of a site like yahoo finance?
Itwould be great if there were a FIRE/Mustachian specific one although maybe checking the markets daily goes against the principles....!
I'm 6 months away from RE and the market fluctuations (seeing my investment account numbers change so much day to day) is freaking me out a little bit and I thought some reliable source of news about the reasons for the ups and downs would help me relax about it...?
I'm 6 months away from RE and the market fluctuations (seeing my investment account numbers change so much day to day) is freaking me out a little bit and I thought some reliable source of news about the reasons for the ups and downs would help me relax about it...?
There was a time when I watched CNBC every day. Of course, some of my worst financial decisions occurred at that time so take that suggestion at your own risk.Heh... I tried watching it for the first time way back in late 2008, when I was first dabbling with stocks. On the same day, they issued three (3!) absolutely different recommendations on the same stock. I don't recall if it was Buy-Sell-Buy, or Sell-Buy-Sell, but each and every time, they issued their advice with utmost seriousness and very serious arguments on their very professional, very serious faces. :P I was 22. That was when I knew for sure just how full of shit they were. It never ceases to amaze me that there are millions of people who actually watch that garbage and take it seriously. O_o
Where do you get your information on what is going on in the markets, if you just had ten minutes each day to check in?
Is there a good news segment that can be found on youtube or a check of a site like yahoo finance?
Itwould be great if there were a FIRE/Mustachian specific one although maybe checking the markets daily goes against the principles....!
I'm 6 months away from RE and the market fluctuations (seeing my investment account numbers change so much day to day) is freaking me out a little bit and I thought some reliable source of news about the reasons for the ups and downs would help me relax about it...?
Seeing as how none of the other posts actually answer your question, I find Morning Brew (http://morningbrew.com/daily/r/?kid=d14bd8b7) quite interesting. Bite-sized news for you to know what's going on in the world. Mostly stat based with minimal bias.
I really enjoy listening to "Marketplace Morning Report" on NPR. Its about 6-7 minutes and comes on the radio or you can listen to the podcast version. It covers a little bit of what's spooking or elevating the market, but is largely about interesting economic tidbits. https://www.marketplace.org/shows/marketplace-morning-report/
Where do you get your information on what is going on in the markets, if you just had ten minutes each day to check in?
Is there a good news segment that can be found on youtube or a check of a site like yahoo finance?
Itwould be great if there were a FIRE/Mustachian specific one although maybe checking the markets daily goes against the principles....!
I'm 6 months away from RE and the market fluctuations (seeing my investment account numbers change so much day to day) is freaking me out a little bit and I thought some reliable source of news about the reasons for the ups and downs would help me relax about it...?
Seeing as how none of the other posts actually answer your question, I find Morning Brew (http://morningbrew.com/daily/r/?kid=d14bd8b7) quite interesting. Bite-sized news for you to know what's going on in the world. Mostly stat based with minimal bias.
@mermalaid - I'm a bit late to this party, but just to reiterate, for yourself and others who will read this in the future: do not read daily finance news. :)If you read my signature, it sounds like we did something similar in 2020. I went 100% equities on Mar 20, 2020 and days later switched to risky individual stocks. From Mar 26 2020 to Nov 5 2021 I tracked "An experiment" of picking 3 stocks (DIN, M, DXPE) to beat the market (VTI). The result was +228% versus VTI +89%.
Source: I worked in Finance. Was pretty good at it, too. Then made 194% in one year with a handpicked value stock portfolio starting in May 2020. (That ended up bankrolling my lean-FIRE haha)
All those articles are retroactive ex post facto attempts to explain why something happened, and they are rarely successful ...
Not sure if you remember the Archegos collapse in March 2021 ... None of the financial journos knew what was causing it, so they started throwing their favourite explanations, none of which came even close to the truth.
Financial news is the modern-day version tea-leaf reading. They're nothing but the modern equivalent of ancient priests that would utter their bullshit proclamations ...
Off the top of my head, I cannot think of anyone who actually needs to read financial news daily. The only people would be second-order parasites/professionals: financial journos looking for more topics to pontificate on, or day-traders who would try to see which way the panicked herd would run - and fleece them accordingly, etc ...
Odd how someone asks a question on sources of financial news and many of the responses are just to basically tell them how foolish they are for wanting to see financial news.Uh, because friends don't let friends make easily avoidable mistakes? Because MMM espouses a Low-Information Diet? Because we care about people we don't know IRL? Because they asked their question here?
Like if someone asked for info on growing vegetables, even though I am not interested I wouldn't chime in just to say they are foolish and the grocery store is cheaper when factoring in time and effort.
I am 97% a passive index investor but I like little bit of business/ financial news each day. I spend more than that on sports news, neither of which I think will make me a bunch of money.
I don't really have a single go to source, but to try to help answer the question.
I have a free NYT online subscription and they some good business content. Bloomberg is great but mainly payroll blocked, you get a couple articles per month free. Since I have a few devices I scan that sometimes as each device gives you a couple free articles. Google news app is free and has a business section that I sometimes check and has some good content. If you have an iPhone the stocks app can give a quick performance view of market indices or whatever you invest in and has some related articles.
Comes across as a bit snobbish and elitist to me.So you haven't read the Low Information Diet Manifesto either?
Someone spends 10 minutes a day looking at financial news and asks for sources and the response from multiple repetitive posts is essentially - hey fool don't look at financial news, be awesome like me instead and ignore it.
Comes across as a bit snobbish and elitist to me.So you haven't read the Low Information Diet Manifesto either?
Someone spends 10 minutes a day looking at financial news and asks for sources and the response from multiple repetitive posts is essentially - hey fool don't look at financial news, be awesome like me instead and ignore it.
What about the Fidelity Study? https://theconservativeincomeinvestor.com/fidelitys-best-investors-are-dead/
The whole damn point of MMM is to achieve one's goals as efficiently as possible. This forum is an extension of that philosophy.
"Snobbish and elitist", my ass. This shit works. What could be more egalitarian than that?
I am 97% a passive index investor but I like little bit of business/ financial news each dayIn "Investor Alley" many of the articles are about active investing, but my lobbying for a separate section went nowhere. Next time I think I should bring it up inside Investor Alley.
I have a free NYT online subscription and they some good business content. Bloomberg is great but mainly payroll blocked, you get a couple articles per month free.You might try setting your browser to never remember cookies from Bloomberg, and see if you can view more of their articles. Websites are essentially lazy, and force people's own browsers to remember if they've visited before or not.
The OP joined in Nov 2021, so "they" did not ask anything in 2013. I believe MMM also took out a margin loan with IBKR... so does everyone have to espouse taking out margin loans?Odd how someone asks a question on sources of financial news and many of the responses are just to basically tell them how foolish they are for wanting to see financial news.Uh, because friends don't let friends make easily avoidable mistakes? Because MMM espouses a Low-Informatiin Diet? Because we care about people we don't know IRL? Because they asked their question here?
https://www.mrmoneymustache.com/2013/10/01/the-low-information-diet/
I think you are missing the point. It's the place where the OP asked the question that produced the results VT didn't like. When the OP joined the forum is irrelevant.The OP joined in Nov 2021, so "they" did not ask anything in 2013. I believe MMM also took out a margin loan with IBKR... so does everyone have to espouse taking out margin loans?Odd how someone asks a question on sources of financial news and many of the responses are just to basically tell them how foolish they are for wanting to see financial news.Uh, because friends don't let friends make easily avoidable mistakes? Because MMM espouses a Low-Informatiin Diet? Because we care about people we don't know IRL? Because they asked their question here?
https://www.mrmoneymustache.com/2013/10/01/the-low-information-diet/
Pete got divorced, too. By your reasoning, does that mean we should all de-spouse?
Not so fast - you need to have a kid first!Pete got divorced, too. By your reasoning, does that mean we should all de-spouse?Yes dammit. I'll tell the wife tonight. Too bad, we had some good times . . . but if MMM got divorced we certainly have to follow blindly.
Dicey - The MMM forum is not a monolith where low cost investing is the only topic allowed or discussed.You made me laugh. When I wrote this, I was wondering what the folks who had more than one spingoff were going to do with their excess inventory.Not so fast - you need to have a kid first!Pete got divorced, too. By your reasoning, does that mean we should all de-spouse?Yes dammit. I'll tell the wife tonight. Too bad, we had some good times . . . but if MMM got divorced we certainly have to follow blindly.
Good news and bad news honey! We're going to have a reduced grocery bill for meat this this week . . .Dicey - The MMM forum is not a monolith where low cost investing is the only topic allowed or discussed.You made me laugh. When I wrote this, I was wondering what the folks who had more than one spingoff were going to do with their excess inventory.Not so fast - you need to have a kid first!Pete got divorced, too. By your reasoning, does that mean we should all de-spouse?Yes dammit. I'll tell the wife tonight. Too bad, we had some good times . . . but if MMM got divorced we certainly have to follow blindly.