I WAS RECENTLY talking with a younger acquaintance about my decision to leave the workforce early. I’d left a demanding career to pursue my personal passions, while I was still young and healthy enough to do so.
My acquaintance is in his early 30s. He’s single and makes a boatload of money working in IT for a pharma company. He’s also a big proponent of the FIRE (financial independence-retire early) movement. He takes part in Reddit boards and reads every investment article he can get his hands on.

WHEN I MOVED to the U.S. for work, a friend graciously helped me settle in. He shared many useful tips, one of which was to become a Costco member. I’m glad I heeded my friend’s advice. I’ve saved thousands of dollars over the years and found the store’s service to be exceptional.
In recent years, my Costco shopping has expanded to include not just everyday purchases, but also luxury items, gas, tires, electronics and vacations.

DRIVING PART of the nation’s labor shortage is a wave of early retirements dubbed the “Great Resignation.” A red-hot housing market and booming stock market have made it financially easier for many to quit traditional nine-to-five employment, as has employers’ embrace of part-time, work-from-home positions. Add to that virus concerns and parents’ difficulty finding child care, and you’ve had a perfect storm for the labor market.
According to a recent article in The Wall Street Journal,

MANY TIMES IN MY career, I’ve heard people say, “The stock market is just one big casino” or “Buying stocks is just like gambling.” Yes, there are similarities between investing and gambling. But when done properly, long-run investing shouldn’t resemble gambling in any real way.
Let’s start with the similarities. Day-traders—who buy individual stocks in an attempt to make a quick profit—are similar to gamblers at the roulette table. Both are hoping for a lucky play.

MOUNTAINS CAN MAKE you feel inconsequential and weak when you stand at their base, or important and strong when you climb them. Even a minor hike up their sides gives you a sense of power and pride in your abilities.
On a recent trip to California to celebrate my retirement, I went on more hikes than I have since I was a teen. Walking about 2½ to 3 miles almost daily for more than a year at home helped prepare me for the rigor.

MY WIFE AND I recently took our first mini-vacation since 2019. We traveled to the Outer Banks in North Carolina for a long weekend to celebrate our anniversary. The weather was perfect, the crowds were small, the food was delectable and the morning sunrise was spectacular. But none of these memories has stuck with me like the one that wasn’t so delightful.

We spent a morning driving up the coast to enjoy the sights and sounds of the small villages and towns along the way,

LIKE A TIRESOME rerun of Friday the 13th, COVID-19 has returned in its newest form, the Omicron variant. Last Friday, financial markets were shaken by the news, especially the potential for greater transmissibility and the fear that current vaccines will prove impotent against the new COVID variant. Yesterday saw a partial market rebound. Still, traders are betting that share prices will remain volatile.
Much is unknown at this point, but many investors have taken a sell-now-and-ask-questions-later approach.

PAUL MCCARTNEY SAYS he originally wrote lyrics to a song that began, “She was just seventeen. Never been a beauty queen.” When he showed it to John Lennon, his writing partner, Lennon roared with laughter and said, “You’re joking.”
Lennon, who was a bit cheekier, then had McCartney change the second line to “you know what I mean” to add a wink-wink-nudge-nudge element. The eventual song, I Saw Her Standing There,

MY HUSBAND’S READING material consists of financial publications and Chemical & Engineering News, a throwback to his chemistry education. The other day, I glanced over his shoulder to see an article about Spencer F. Silver.
Never heard of him? No doubt, you’ve used a Post-it Note or two. Silver invented their adhesive while a chemist at 3M.
The article told of his passing, and went into a technical explanation of the science behind the Post-it Note.

I’M A LIFELONG football fan who’s played fantasy football for 20 years. What do I have to show for it? Zero league titles, a staunch ambivalence about fantasy football—and three investing maxims.
Every fantasy football season starts with the draft. Three intoxicating forces combine to make the draft a great time: predictions, customization and pride. I’ve come to realize that the draft accounts for about 90% of the appeal of the whole fantasy football concept.

COVID STRIKES AGAIN. The new Omicron variant found in parts of southern Africa was the reason cited for Friday’s stock market freefall. It was the worst day for the S&P 500 since late February. So far this year, the U.S. stock market has endured a 2% one-day drop on six occasions.
This most recent market plunge felt similar to declines in February and March 2020, making investors extra jittery and prompting traders to reopen their playbook from 22 months ago.

WHEN I DECIDED to leave active duty, I quickly realized that my work clothes—a set of jungle jammies—wasn’t going to cut it anymore.
Most people slowly amass their work clothes as they progress through adulthood. Military folks, however, have to do it all at once when they transition to civilian life, and they’re often beset by sartorially inept groupthink. You can always tell current or former military in civilian clothes. Typically, they still wear a uniform,

RON LIEBER, in his book The Opposite of Spoiled, describes a 2012 conversation between Chris Rock and Jon Stewart. In an interview on Stewart’s show, they got around to discussing the challenges both faced in raising children who could remain grounded amid wealthy surroundings.

Rock described how his own modest upbringing differed from the comfortable life his children enjoy. “My kids are rich,” he said. “I have nothing in common with them.”

Stewart agreed.

FEAR OF MISSING OUT, or FOMO, seems to be everywhere. We suffer it when we read about our friends’ fabulous experiences on social media. We can also suffer it when investing, as we fret that our friends are making more on their investments than we are.
My own concern in recent months, however, hasn’t been FOMO, but FOLB. No, it doesn’t roll off the tongue like FOMO. It’s my own invention—and it stands for fear of losing big,

AS 2022 APPROACHES, countless people will begin thinking about New Year’s resolutions—both financial and otherwise. There’s nothing quite like the start of a new year to inspire hope. Many of us will set big dreams and resolve to drop bad habits.
According to Statista, just 9% of those who make New Year’s resolutions manage to keep them all. Meanwhile, by year-end, 28% haven’t kept any of their resolutions.
What differentiates these two groups? Is it willpower or the lack thereof?