Based on GRS reader prompting, I’m continuing to learn more about asset allocation and rebalancing. I’m trying to decide what my portfolio should look like.
- I recently had a free consultation with a financial planner. I may or may not hire him to guide me on a regular basis.
- On Monday morning, I met with three representatives from Seattle Northwest. They patiently explained to me the nature of bonds — particularly municipal bonds.
- Today — at this very moment! — I’m meeting with my guy at Fidelity. He and I will discuss options on the equities (stocks) side of things.
Based on all of this info, I’ll piece together an investment plan. (I had hoped to have an investment policy statement by today, but it didn’t happen. That’s fine. I can take a few more weeks to do it.) And, of course, I’ll share my decisions with you when I make them.
In other news, are some of my favorite money stories this week from around the web:
Jodi Ettenberg, who writes at Legal Nomads, was one of last weekend’s speakers at the World Domination Summit (about which more on Saturday). During her presentations, Ettenberg shared a lot of great info about long-term travel. In fact, she shared too much for us to get it all down on paper. Fortunately, she compiled all of these tips and links onto one colossal page as a general resource. If you have any interest in exploring the world, bookmark her post on packing, budgeting, and tips for long-term travel. (I first mentioned Ettenberg last summer.)
A couple of weeks ago at GRS, Robert Brokamp wrote about tackling temptation. In his article, he mentioned the notion of ego depletion, and referenced a study on willpower that involved radishes and cookies. That study — and others like it — have led to new insights on the cycle of poverty. The New Republic recently wrote more about his in a piece called “Why can’t more poor people escape poverty? Psychologists have a radical new explanation.” Fascinating stuff.
Meanwhile, David over at Money Under 30 has a great post about when it’s okay to spend money. David stresses the importance of intentional saving and intentional spending. (His “intentional spending” is like my “conscious spending“.) “Financial planning is about balancing your needs and wants today with your needs and wants tomorrow,” David writes. “We commonly hear about people who neglect the tomorrow part, but if we’re not careful, it’s possible to neglect the today part, too. Both matter.” Amen.
Over at at Wise Bread, Darwin’s Money has listed ten ways to save time with batch processing. I’m a huge fan of batch processing. I’m not always good at implementing it, but whenever I can remember to group repetitious tasks, I do it — especially with personal finance tasks. (Bonus: This post includes a cat photo.)
Finally, here are links to a couple of recent interviews with me:
- On May 11th, I spoke with Chris Gaddis from WIOX in Roxbury, New York. Mostly we talked about budgeting.
- On May 19th, I did a video chat with Dustin from Fit Marriage. This interview isn’t about money — it’s about my fitness journey. (“This is dope!!” says J. Money from Budgets are Sexy.)
And that’s the round-up for this week…
This article is about Spare Change