Good afternoon!

Thank you for reading The Best Interest​

And listening to my podcast, Personal Finance for Long-Term Investors​

From the blog...

The Adirondacks are a special place.

Hiking, in particular, is my favorite part of visiting America’s largest park.

The journey up one of the Adirondack “High Peaks” is grueling but rewarding. Sitting on the summit is a beautiful thing. You’ve never had a better peanut butter & jelly sandwich than when gazing out over the High Peaks, with miles of ascent behind you (and miles of descent ahead).

But these hikes aren’t without their risks. Injury, exhaustion, dehydration. Heck – how about the fact that you’re hiking 5+ miles out into the wilderness, where it’s damn hard for anyone to come save you. And those risks are 100x more severe in the winter ❄️

A hiker died last week on Mount Marcy - the Adirondacks' highest peak.

It's a cautionary tale we can all learn from, whether we are hikers or not.
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​Always Get Back to the Car​

On the podcast...

Episode 130 covers lots of smart ideas from the intersection of investing + financial planning.

Perhaps the most interesting idea involves "defined duration."

You might know that bonds have well-defined durations. It reflects the weighted-average time to receive all cash flows (coupon and principal) from a bond.

But - can we apply a similar idea to stocks? Can we give other assets a "defined duration?"

If so, that's really cool for anyone looking to build a long-term retirement portfolio.

​Giving "Defined Duration" to Stocks | E130​

Weekly Top 3 - Other Content You Can't Miss

• 🏆 From Catching Up to FI: host Bill Yount shares his financial independence journey - and great lessons about "catching up" from a late financial start.
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• 🧠 From Morningstar: I'm a fan of Jim O'Shaughnessy's "lifelong learning" approach, and really enjoyed this interview.
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• 🌎 From Humble Dollar: a great primer on the "hot" idea of "selling America."​

What Are *Your* Questions?

I've been creating "ask me anything" episodes on the podcast, where I answer your questions about investing, financial planning, and retirement. They are quickly becoming my most popular episodes.
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Want to check them out? They're all here:

🔗 All of My AMA Episodes​

I'm collecting questions for AMAs 15 and 16.
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Reply to this email or send questions to jesse@bestinterest.blog​

Work with Jesse!

I work for a fiduciary wealth management firm in Rochester, NY, helping busy professionals and retirees avoid costly mistakes and grow lasting wealth to and through retirement.

Learn more here --> Work with Jesse​

Until Next Week

Thank you, as always, for reading, listening, and getting in touch. The project continues because you are a fantastic audience. People like you send me questions every single day.

Send an email or ask me question: ​​jesse@bestinterest.blog​

Until next week,

Jesse