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The Best of What They Said and I Read week ending 11/12/2017

Short excerpts from articles I found interesting.

I may not agree with the author and the following material is not intended as investment advice.


The Kiplinger Letter – November 9, 2017 – Real Estate

  • “…Mortgage closing paperwork could soon be a thing of the past.  Many folks now apply for mortgages online.  But virtually all loans require physical documents to be signed and notarized in person when it comes time to close on the mortgage.  At least one company, Va.- based Notarize, has developed a new online platform that allows the entire closing process to be done digitally.  The buyer signs all forms in an electronic format and a notary witnesses the process remotely via webcam.”
  • “Expect most closings to be done online by 2020.  Some surveys indicate that home buyers who have tried a digital closing found the process to be preferable to paper documentation.  Five states so far have authorized remote notarizations and more are likely to follow suit.  And some major mortgage lenders have teamed up with Notarize to offer mortgage applicants the option to close on loans electronically.”

Money – November, 2017 – Suze Orman’s 7 Rules for Retirement Success

  1. “Do What’s Right, Rather Than What’s Easy.”
    • “…Aim to stuff at least 10% of your salary ASAP into retirement accounts.  Then make it a goal to get to 15% to build even more security….”
  2. “Money Has No Power on Its Own.”
    • “…Never take a loan from a 401(k)…Never cash out a 401(k) – even a small portion – when you leave a job.”
  3. “True Financial Harmony Is Only Achieved When Your Pleasure in Saving Money Is Equal to Your Pleasure in Spending Money.  Celebrate every 401(k) and IRA contribution as a gift you are giving your future self.”
  4. “Always Ask Yourself Before Spending Money:  Is This a Need or a Want?  Living within your needs but below your means can make it possible to save more for your future.”
  5. “How You Talk About Wealth Influences How You Act.  I Can.  I Am.  I Do.”
    • “…I can increase my saving rate.
    • I am making sure I invest in the lowest cost fund options.
    • I do finally feel in control of my retirement planning.
  6. “With Faith, Integrity, and Courage, Anything Is Possible.  No one will ever care about your money as much as you do.  You have the power to achieve and control your destiny.”
  7. “People First. Then Money. Then Things.  Always, always, always maintain perspective on what matters most.”

Barron’s – November 11, 2017 – The Week The Market Disappointed Everyone – by Ben Levisohn

  • “If, as the proverb suggests, people who expect nothing are blessed because they’re never disappointed, then most of us were left hurling curses at the market last week. The bulls, because the major indexes couldn’t build on previous gains. Anyone hoping for a quick and easy path to tax reform, thanks to conflicting Senate and House plans. And even the bears, for the market’s failure to tumble despite the ample opportunity.”
  • “And what an opportunity it was. Last Thursday, the Standard & Poor’s 500 index dropped as much as 1.1%, but battled back to finish down just 0.4%. Instead of ending the benchmark’s streak without a 0.5% decline or more, it extended it to 47 days, the longest streak since 1965. All told, the S&P 500 declined 0.2% to 2582.30 last week, while the Nasdaq Composite dipped 0.2% to 6750.94. The Dow Jones Industrial Average dropped 116.98 points, or 0.5%, to 23,422.21.
  • “…But who needs consistency, anyway? Remember, the stock market just finished one of the least volatile Octobers on record, while September, rather than living up to its reputation for tepid returns, produced a 1.9% gain for the S&P 500. So would it be any surprise if November—usually one of the strongest months of the year—falls well short of bullish expectations? ...”

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