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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.

This offering of Grand Rounds looks at articles from around the web that deal with relationships, behavior, and finance.

 

 

Financial Independence is a worthy endeavor to aim for, but it is important to not neglect other areas of your life.

It is especially essential to make sure that your laser focus on achieving FI does not derail your relationship.

Few life events can cause your net worth to be halved quicker than a divorce (I speak from personal experience.)

Leti, the fairer half of the dynamic duo behind Semi Retired MD, shares some amazing pointers that she gained on a Tony Robbins Platinum Relationship program on how to cultivate the relationship with your partner.

Check out, “Insights From Relationship Week:  Part I and Part II.”

Your relationship will thank you for it.

 

 

 

 

 

Spend any time in the financial blogosphere and you have come across the concept of the Safe Withdrawal Rate (SWR), which gives you a guideline of what you can expect to draw annually based on your starting portfolio and make it last for presumably 30 years.

That covers your finances, but what about your another important component, your emotional well-being?

Crispy Doc has got you covered with his article, “What’s Your Safe Withdrawal Rate For Sanity.”

 

 

It has been demonstrated that investors magnify the losses and minimize the wins.

This is one of the foundations for the behavioral financial concept of risk aversion.

We fear making decisions when there is a chance for loss even if there may be a greater odds for gain.

The Physician Philosopher and Financial Residency team up to touch on this subject as well as some other behavioral habits that may be controlling your financial decisions in, “Loss Aversion and Analysis Paralysis.”

 

 

When everything is going great, such as the incredible long bull run we have enjoyed, it is easy to over-emphasize your risk tolerance as an investor.

In fact in these circumstances greed may sway you to even a riskier stance so that you “don’t miss out.”

It is vital, therefore, to truly get a sense of your risk tolerance before the markets start tanking.

Otherwise you may find yourself in a situation where you lock in the losses with panic sells.

FI Physician gives you some guidelines on how to determine the correct balance in, “Explaining Risk Tolerance And Asset Allocation.”

 

 

A watched pot never boils.

It seems counterintuitive but in some circumstances paying too much attention to a particular item may be more detrimental than beneficial.

I have touched on this subject in the past with my post, “This Investor Is Probably Better Than You.”

The talented other half of B.C. Krygowski expounds on this notion with the article, “Why You’ll Be Happier If You Only Look At Your Portfolio Every Six Months.”

 

 

 

 

Hope you enjoyed the reading material.

Have a great rest of the week.

 

 

Note:

If you are in search of financial help, please consider enlisting the service of any of the sponsors of this blog who I feel are part of the “good guys and gals of finance.”

Even a steadfast DIY’er can sometimes gain benefit from the occasional professional input.