Edition #17: Ditch the Hedonic Treadmill; Try Hedonic Cycling

Plus: Stocks as Experiential Purchases, Happier After Covid, Ask Olds for Help

Today’s compliment: you know when to take a break.

Reader survey results & market reactions

Thanks to those who’ve voted on newsletter topics (you can still do that here). These were the most popular topics, in this order:

1. how to make money
2. financial psychology and investing (tied)
3. personal finance, which scored the most 4 out of 5’s.

My takeaways: I’ll survey on these topics individually (what’s within personal finance?) But I was most surprised to see how to make money as the winner. So you want me to become the next Tai Lopez, eh? I’m here in my shitty garage writing newsletters…

Market updates I’m paying attention to:

• Downbeat: Biden’s “American Families Plan” may lead to free community college and paid family leave, which may be funded by doubling the capital gains rate tax to 39.6% for households earning $1 million+. The S&P lost almost 1%, and will probably sell off more if the rich feel like Biden’s plan will pass.
• Upbeat: The CEO of BlackRock, the…