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Everyday millionaire.

Hello, Apexians, and welcome to another beautiful day in the world of personal finance. As always, we’ve collected some of our favorite recent money news for you.

As I have all week, I’m picking the brains of my colleagues here at Fincon to find interesting articles to share with you. This morning at breakfast, my pal Marla told me about this research paper from Vanguard:

Fuel for the FIRE: Updating the 4% rule for early retirees. [Vanguard] — “The 4% rule can be a good start for retirees, but it most likely needs to be fine-tuned for the F.I.R.E. movement. The rule was conceived for a traditional retiree facing a retirement horizon of 30 years (Bengen, 1994), not for an early retiree who may spend over 50 years in retirement. This paper aims to help people who are interested in the F.I.R.E. movement understand why the traditional 4% rule could put early retirement at risk and how F.I.R.E. investors can mitigate that risk.”

Do the weird things now (because one day you won’t be able). [Financial Panther] — “The weird things I did throughout my 20s and early 30s gave me a financial advantage. It made it so I could save more money and put me in a position where I had a good nest egg at a young age. The weird things gave me a mental advantage too, proving that I could live comfortably even if my living situation wasn’t normal. Doing weird things can be helpful. But you have to do them when you can because one day, you might not be able to do those weird things anymore.”

Why “buying the dip” is a terrible investment strategy. [Of Dollars and Data] — “This is why Buy the Dip is such a terrible investment strategy. Because when it wins, it tends to win by a little, but when it loses, it can lose by a lot. This asymmetric performance profile is what makes it such a subpar investment strategy. And if we look across a variety of dip buying thresholds, we can see why.”

Lastly, here are two — two! — money-related music videos from my buddies here at Fincon. The first one is from Deacon Hayes at Well-Kept Wallet who raps about being an “Everyday Millionaire”:

And the second is from Grant Sabatier (who apparently has the voice of an angel) of Millennial Money singing “The FIRE Movement Folk Song”.

Ah, money nerds. They’re fun, you know? Come back tomorrow for one final day of money fun for the week. Who knows what kind of goodies I’ll have for you?