Journal Club 04-12-24 – Passive Income MD

Welcome to Journal Club 04-12-24! Each week, I curate a JOURNAL CLUB where I share articles that have impacted me. Stay safe and well!

Understanding the complexities of Roth investments like Backdoor Roth IRAs, Mega Backdoor Roth contributions, and Roth conversions within retirement accounts can be challenging. The White Coat Investor delves into all things Roth in the article “Roth IRAs, Conversions, and Backdoor Contributions.” Check it out!

With rising yields, cash instruments like Certificates of Deposit are gaining investor interest. Financial Success MD explores the pros and cons of cash, bonds, and stocks in the current economic climate in the post “Stocks, Bonds, or 5% CDs: What’s Best for You?”

Our mindset can influence our wealth accumulation. The author of Five Year FIRE Escape discusses the impact of optimism and pessimism on financial decision-making and introduces the concept of “optimistic pessimism” in the article “Optimism vs. Pessimism. How Each Will Impact Your Next Investment.”

Learn valuable life lessons from stories shared by the author of Afford Anything, including prioritizing experiences over wealth and chasing your dreams in the post “What Do Charlie Munger, Taylor Swift, and a NASA Astronaut Have in Common?”

Have you come across any interesting articles? Feel free to share them in the comments below!

Thank you for reading and sharing,

Peter