CareerBuilder vs Indeed: Which Site Helps You Find Job Seekers More Efficiently?

It takes talent to find talent, but the right job board can make things easier. So we’re comparing CareerBuilder vs. Indeed, two of the most popular boards around.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Source: thepennyhoarder.com

JL’s Self-Defeating Prophecy: Markets (Don’t!) Always Recover

JL – if you ever end up reading this and feel like I’ve been a jerk, please let me know. It’s not my intention, and don’t want to besmirch your golden reputation. And yes, in writing this article I did hear the famous lines of Michael K Williams’ (RIP) Omar Little echo in my fingers“When you come at the king, you best not miss”.

JL’s the king. I hope my point is on target.


Jesse in a time machine?? No, this is JL Collins!

JL Collins seems like a great dude. He’s 99%+ correct about every investing topic. He helps a ton of people and he’s a great writer. Go buy his book.

But he’s wrong about this one thing. But first, a tiny backstory.

Last week, I wrote about the idea that it’s “impossible to lose” in the stock market (spoiler: it’s possible). And regular reader Accidentally Retired wrote in and said, “Jesse you need to read this quote from JL Collins…”

JL once wrote:

The market always recovers. Always. And, if someday it really doesn’t, no investment will be safe and none of this financial stuff will matter anyway.

JL Collins

AR: thanks for sending that to me. But I take exception. Everyone: deep breath.

This statement—made by JL and echoed by countless others—is a self-defeating prophecy. The more people who believe it…the more true they want it to be…the more dollars wagered on this idea being true…the less likely the statement will hold water in the long run.

Why?

Let’s start with one of Burton Malkiel’s famous quotes from A Random Walk Down Wall Street:

If we knew that a stock would go up tomorrow, why, it would just go up today.

Burton Malkiel

Malkiel is describing the notion of “pricing in” the future value of an asset into it’s current price. The more confident we are about the future, the more accurately today’s price will reflect that presumed future. Read that again. And then let’s apply that idea to market recoveries. The more confident we are that markets will always recover, the more likely today’s price will already account for that presumed recovery.

How would this actually play out? How does the market “already account for that presumed recovery?” It gets confusing, and quickly.

If markets always recover, then the recovery would always be priced in. Thus, they’d never drop in the first place. If stocks never drop, then they’re guaranteed to only increase. If they only increase, then there’s no risk involved in investing. If there’s no risk, then there shouldn’t be a return. And if there’s no return…well, what’s the point of investing?

Whoa. That’s circular. But circular in the way that M.C. Escher’s Waterfall is circular. We end up where we started, but while turning the world upside-down.

The more people who believe JL’s claim, the more likely claim will render false in actuality.

Instead, we need to realize that the risk of permanent loss is one of the driving factors behind stocks’ returns. “Guarantees” lessen those returns.

I don’t begrudge J.L. for his statement at all, because it’s a paradox.

People doubting that markets will recover is synonymous with, “Markets are risky.” If stocks are deemed risky, investors will demand higher rewards. Over time, any diverse stock portfolio would see high enough returns to sufficiently recover from any correction.

This would play out over and over again, as we’ve seen throughout stock history. This is why markets have always recovered in the past!

But as soon as faith in those recoveries becomes too universal, the market would never drop in the first place—after all, who would ever sell knowing that recovery is guaranteed? If no one sells, prices don’t fall. No fall, no recovery.

It’s pretzel logic. A self-defeating prophecy. But it’s a fun, tiny nuanced idea that I think ought to intrigue not only JL and his readership, but anyone else curious about markets, risk, pricing, and our investment future.

Thank you for reading! If you enjoyed this article and want to read more, check out my Archive or Subscribe to get future articles emailed to your inbox.

-Jesse

P.S. – If you enjoy podcasts, check out the Best Interest Podcast!

Source: bestinterest.blog

ETF vs. Mutual Fund: What’s the Difference?

There’s no substitute for the magic of compound interest when it comes to saving for the future. By stashing your cash in the stock market, you’re putting it to work for you. It takes little…

The post ETF vs. Mutual Fund: What’s the Difference? appeared first on Crediful.

Source: crediful.com

How To Invest In The S&P 500

You can invest in the S&P 500 through index funds or ETFs. This investment gives you stock in the 500 largest publicly-traded companies on the market.You can invest in the S&P 500 through index funds or ETFs. This investment gives you stock in the 500 largest publicly-traded companies on the market.

The post How To Invest In The S&P 500 appeared first on Money Under 30.

Source: moneyunder30.com

The 7 Best Job Search Sites for Meeting the Most Qualified Job Seekers

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Location, location, location — it’s vital in the real estate industry, and it’s just as critical in recruitment. Where you post a job opening determines […]

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.

Source: thepennyhoarder.com