Happy Friday, friends! Before you head off to enjoy the sunshine, I’ve gathered a few final links to share with all y’all…
If you’ve won the game, stop playing. [ESI Money] — “If you’ve accumulated enough to reach FI you should not continue taking the investment risks to grow your nest egg. You don’t need any more, you simply need to protect what you have. As such, your investment philosophy should change from growth to preservation. Otherwise a poor market event (like a big drop) you could significantly impact your assets and result in you no longer being FI.”
Life is short. [Paul Graham] — “One heuristic for distinguishing stuff that matters is to ask yourself whether you’ll care about it in the future. Fake stuff that matters usually has a sharp peak of seeming to matter. That’s how it tricks you. The area under the curve is small, but its shape jabs into your consciousness like a pin.”
The IRS will test free online tax prep in 2024. [The Verge] — “We’re a little closer to getting to file our taxes directly with the IRS. The agency just submitted a report to Congress detailing plans to launch a test run of free, government-run tax filing software for the 2024 filing season.” As detailed in this 2019 story from ProPublica, Intuit (and other companies) have fought this sort of progress for decades.
Okay, let’s end the week with something fun.
I’m a movie aficionado. I’m a cinephile. I watch a ton of films from across all eras and genres. Want to know my favorite film? No joke, it’s Mission Impossible 5: Rogue Nation. I’m not joking.
So, you can imagine how excited I am for the upcoming Mission Impossible 7: Dead Reckoning, Part One. The trailer was released earlier this week, and it makes me want to watch the entire series again (except the second movie, which is a stinking turd of a film).
Let’s ignore the shitty CGI for a second. (Trailers are notorious for containing “dummy” effects, and I hope that’s the case here.) I am so stoked about this movie! I’ll go see it in the theater, something that’s rare for me to do these days.
And that’s it for the middle of May. Jim will be back to share money stories with you next week. I’ll see you in ten days.