Monthly Newsletter: June 2022

👋 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...

ğŸŽ§Â 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)

  1. Buy an existing asset
  2. Launch a product on a marketplace with existing demand
  3. Launch a unique, one of a kind product in a new space where you can buy demand (adwords, facebook, etc.)
  4. 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...

End Note

Thanks for reading! If you're enjoying my newsletter, I'd love it if you shared it with a friend or two. You can send them here to sign up.

And if you have any feedback on my site or come across any interesting personal finance content, send it my way to andrew@walletburst.com. I love to hear from my readers/users!

Have a great day,

Andrew ✌️