Hey hey. Not a lot of time for witty conversation in today’s installment of Apex Money. So, let’s just jump into the meat of these recent money articles I’ve found worthwhile…
How to save money on pets. [Bitches Get Riches] — “A lot of this advice will be about preventative measures: taking care of your pet’s health to avoid expensive vet bills or getting serious about training to avoid replacing expensive items like furniture and shoes. You can save money on pets by acknowledging that they are weird little creatures who don’t understand our strange and human ways, and that it is our responsibility to teach them and be understanding of what gets lost in translation.”
Investing during high inflation. [Millennial Revolution] — “When we sat down to do our 2022 portfolio review and decided on changing our asset allocation at the end of December, the primary reason for increasing our equity allocation to 90% was, again, because the math told us that the dividends were enough to more than cover our living expenses. The second reason was because we knew that inflation would stick around for a while and equities provide a good inflation hedge.”
An introduction to dollar-cost averaging strategies. [Quantpedia] — “Imagine you won a significant amount of money and you want to invest it in a particular investment. You can either invest it all at once or spread it into multiple smaller investments over time. If you chose to spread the investments, you picked a strategy called dollar-cost averaging. When an investor applies dollar-cost averaging (DCA), they invest the money in equal portions at periodic intervals, regardless of the market conditions. This way, they eliminate the emotions that come with rising and falling markets.”
What we lose when work gets too casual. [The New York Times, so possible paywall] — “The loss of workplace formalities like fixed start and stop times, managerial hierarchies with clear pathways for advancement and professional norms that create boundaries between personal and professionally acceptable behavior only hurt workers. Though the pandemic-era transformation of white-collar work seems empowering at first, we should not be deceived: Many of these changes mostly benefit employers.”
I’ll be back tomorrow with one final installment to carry us into the weekend. Join me, won’t you?