President-elect Joe Biden has a tricky 100 days ahead of him. The 46th president of the United States will have a narrow majority in both chambers of Congress, after running on the most progressive economic platform in modern history. His plans call for trillions in infrastructure spending, massive increases in Social Security and health insurance […]
Silver Spring Library
Montgomery County Public Libraries has announced its most popular adult fiction and nonfiction books that were borrowed in 2020.
Among the most borrowed fiction books are Celest Ng’s “Little Fires Everywhere,” Amor Towles’ “A Gentleman in Moscow,” and Anthony Doerr’s “All the Light We Cannot See.” In 2019, “Little Fires Everywhere” and “A Gentleman in Moscow” also topped the most borrowed fiction books list.
Tara Westover’s memoir “Educated” was the most borrowed nonfiction book in 2020; in 2019 it was the third most borrowed nonfiction book. Like in 2019, Michelle Obama’s “Becoming” is the second most borrowed nonfiction book of 2020. Comedian Trevor Noah’s memoir “Born a Crime: Stories from a South African Childhood” was the most popular MCPL book in 2019, but in 2020 it ranked third.
1. Overestimating your ability, or thinking you can beat the market Many individual investors are mistakenly convinced that they can beat the market, Malkiel writes. That s an unrealistic expectation.
Even professional investors rarely beat the market, or make better than average returns. In the investment community, it s common knowledge that actively-managed investment funds typically underperform compared to popular market benchmarks like the S&P 500, writes Insider contributor Eric Rosenberg. Investment professionals who spend their full-time job trying to beat the market usually can t.
Rosenberg reports that about 88% of actively-managed funds didn t beat their benchmark, which can make it difficult to reach long-term financial goals. Malkiel writes that overestimating ability can lead investors to speculate more than they should and trade too much.
| UPDATED: 22:55, Wed, Dec 30, 2020
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Unfortunately, there’s a lot we don’t learn about money in school which leaves many of us in a permanent state of confusion when it comes to our finances. Ignorance is not bliss in this regard, however, and not having a grasp on how to manage your money could leave you in hot water down the line.