Today is Tuesday, friends, and this is Apex Money — your source for interesting stories about money (and more) from all corners of the web. Let’s see what we have for you today.
The reality of caring for aging parents. [The Retirement Manifesto] — “It’s a biological fact: each of us has two parents. If you’re married, you have four. As many in our generation are learning, the odds are pretty good that at least one of them will need some help in their later years. And yet, it’s a reality that most of us overlook…Many I’ve talked to have expressed how difficult it is. Until you go through it yourself, it’s impossible to grasp how consuming the process really is.”
Did you just lose all of your money in the stock market? [Bitches Get Riches] — “As long as you keep your money invested, it is not lost. It is only lost (or increased!) when you remove your money from the stock market. Sell your investments when their value is lower than when you purchased them and you will lose money in the stock market. Do nothing when the value is lower than when you bought them and… nothing happens. You’re pretty much fine.”
Harnessing the power of regret. [No Sidebar] — “A regret audit can help you work through past regrets and choose differently to minimize future regrets, but a regret-free life isn’t the goal. Rather than avoiding regret, we can recognize that regret makes us human and can instruct us on how to live a more intentional life aligned with our values.”
Even socialists misunderstand indexing. [The Big Picture] — “Of all the endless Wall Street things to be legitimately angry about – excess fees, leverage, conflicts of interest, risk-taking, bailouts (and everything else to dislike about finance) – this has to be the single worst hot take by any politician on either side of the aisle…It shows a fundamental misunderstanding of what’s been going on in the world of investments, and how the indexing revolution has altered the basic premise of who wins and loses on Wall Street.” Thank you. I’ve seen this bizarre take a lot lately and it bugs me.
Lastly, here’s a fun video in which a young girl named Emmy interviews comedian Ryan Stiles (from Whose Line Is It Anyway?) about his work. I love this for so many reasons.
That’s it, my friends! Tomorrow you’ll get a an installment from the folks at the Plutus Foundation, then I’ll be back on Thursday to share more great stuff. See you then.