👋 Hey there, welcome to the WalletBurst monthly newsletter for the month of June 2022. To my audience in the USA, happy 4th of July! 🇺🇸
After one year of experimenting with this monthly newsletter, I realized that I can get pretty verbose with the content summaries, so I’m going to try distilling down the newsletter a bit more to make it easier to skim. With that said, here is some of my favorite personal finance content from this month…
🎧 Podcast interview with Nick Maggiulli from Of Dollars And Data
- Importance of compounding interest for young investors
- What are the best investing strategies based on historical data?
🏦 Substack post: QE for Dummies – what is quantitative easing, and why does it matter?
- QE increases the supply of US Dollars by purchasing US Treasuries and Mortgage Backed Securities from non-bank financial institutions
- QE adds Dollars and removes non-cash assets, increasing the nominal price of both financial and non-financial assets, other things equal
📈 Article by Morgan Housel: Wealth vs. Getting Wealthier
- The process or growing your wealth seems to feel better than just statically having wealth
- “An addiction to the process of making money is a version of never having enough and never being satiated. It’s a game that can’t be won but offers the illusion of a finish line right around the corner.”
💵 Article by Justin Mares: The Four Kinds of Side Businesses You can Start. (While this is not an exhaustive list, I think it’s an interesting place to start)
- Buy an existing asset
- Launch a product on a marketplace with existing demand
- Launch a unique, one of a kind product in a new space where you can buy demand (adwords, facebook, etc.)
- Arbitrage (craigslist, airbnb, trading, uber)
🧐 Where should you park your money right now?
- With all the uncertainty around inflation, layoffs, and the US entering a recession, I-Bonds are an increasingly attractive place to park your money, especially if you are saving for a down payment.
- I-Bonds are US savings bonds issued directly by the U.S. Treasury and they currently yield 9.6% annually. You can learn more at TreasuryDirect.gov.
New on WalletBurst.com
Nothing new this month…
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Have a great day,