Wednesday Reading List
When Chasing More Dividends Leaves You With Less by The Wall Street Journal
Investing for income specifically can be an investment mistake for a variety of reasons. This piece lays out one, targeting very high dividend yields can lead you to invest in struggling names paying a high dividend to attract investors and portfolios concentrated in certain sectors.
Rate Cuts Support a Brighter 2025 by Charles Schwab Asset Management
The Fed is likely cutting rates soon, joining over half of the world’s central banks that have already done so. If history is any guide, rate cuts could help the global economy which could lead to strong global stock returns (especially in international markets versus U.S.)
Construction Spending Dipped in July by Wells Fargo
Total constructing spending declined in July (although still up over the past year) driven by elevated finance costs. Lower rates should help, but a material recovery may still be off in the distance based on the forward-looking Architecture Billings Index.
Retirement Expectations vs. Reality by Heritage Financial
This year’s Retirement Confidence Survey reveals that there is often a gap between pre-retiree expectations of retirement and retirees’ reality. These include when and how retirement happens, what days will look like, and finances in retirement. The team shares key findings to help you make informed decisions for a smoother transition into retirement.
Interval Funds: Are They Worth What You Give Up? by Morningstar
We’ve seen the growth of interval funds, which are mutual funds with less liquidity that can invest in things because of this structure that regular funds cannot.
Book Recommendation
Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace by Matthew C. Klein and Michael Pettis
Winner of the 2021 Lionel Gelber Prize: A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workers
Boston Corner
In Massachusetts, the once-thriving beer biz is losing its fizz
Boston mulling open container ‘social districts’ to boost nightlife
Things to Do in Boston This Weekend
Things to Do This Week in Boston