Good morning all – and happy Saturday!
When the S&P 500 closed April off at 4,131, everyone felt downright depressed.
High inflation, rising interest rates, war, consumer sentiment – the list of reasons to be concerned about the economy and the market just went on and on.
And yet, when the S&P 500 closed July off at 4,130 yesterday, everyone felt positively giddy.
Nothing changed. And yet, the CNBC anchor, my Twittersphere, and everyone else seems incredibly optimistic about the economy and the market.
Same number, same environment. Two drastically different reactions.
How come? Well, the simple answer is that narrative matters.
The narrative back in April was one of uncertainty and decline. The narrative today is one of growth and recovery.
The narrative matters when it comes to investing – but it matters even more when it comes to life.
As they say, the most important conversation is the one you have with yourself.
Focus on the negatives, and you’ll feel depressed and deflated. Zero in on the positive, and you’ll feel energized and excited.
The choice is yours.
Have a wonderful weekend everyone – and enjoy the top-notch personal finance reads below!
From Yours Truly
What Is Your Money Superpower?
Building Wealth
What Recession – Young Money
Wealth vs Getting Wealthier – Morgan Housel
There Will Always Be Sorcerers – Dollars and Data
Selling and Surviving – Best Interest
Why The Financial Goalposts Are Always Moving – Ben Carlson
Finally, a really simple yet powerful concept I can’t preach enough:
If You Are Not Focusing On The Basics, You Are Doing It Wrong – Accidental FIRE
Lifestyle Design
Dopamine, Motivation, And The Pursuit of More – The Escape Artist
What About All The FUN Debt Gave You? – Budgets Are Sexy
All Around
As someone who spent time around the hospitality industry and loves good food, I found the article below a fun read:
The Michelin Guide Business, Explained – Trung Phan
Have a fantastic start to the weekend everyone!
– Damian
About Banker On Fire
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Banker On FIRE is an M&A (mergers and acquisitions) investment banker. I am passionate about capital markets, behavioural economics, financial independence, and living the best life possible.
Find out more about me and this blog here.
If you are new to investing, here is a good place to start.
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Thanks for the feature!
Cheers – really enjoyed it!