Weekend Reading – Going 100% Equities? Maybe You Shouldn’t.
January 19, 2024
Weekend Reading – Going 100% Equities? Maybe You Shouldn’t.
Weekend Reading is a collection of Investment Research and Lifestyle topics from all corners of the Web. We source the highest quality insights from Wall Street and Main Street that you may apply to your investment process. Unlike the rest of Bankeronwheels.com, this series is provided without additional guidance. As usual, everything is to be used at your own risk. Below is the type of content we shortlist:
If the price is right, we are going to sell. I think that's true of everything you have, except maybe your kids and possibly your wife.
Portfolio Construction
Asset Allocation
Live And Let Buy: Which Bonds For Your Objectives? (Banker on Wheels)
Whether you are investing for the Short or Long Term, Bonds are a key component in a portfolio.
Today, we will spotlight the different bond categories. Which goals do you pursue? The category of bonds largely depends on the answer to this question. We will also go through bonds you may want to avoid, to accomplish your goals. Let’s dive in!
Stocks Have Not Always Beaten Bonds. Should You Care? (Morningstar)
There is a raging debate about a couple recent academic papers we highlighted in prior weeks – one arguing that Bonds – in the long run – may be overrated, another that if we add more data prior to WW2, Stocks don’t look so good. What should you make of it?
Read more on Morningstar.
UNDERSTAND FINANCIAL MARKETS
Visualizing the Top Global Risks in 2024 (Visual Capitalist)
What is the global risk landscape in 2024?
Record global temperatures are leading to increasingly harmful impacts, a cost-of living crisis is making everyday life harder for people around the world, and escalating tensions in the Middle East have the potential to widen into a broader regional conflict.
Meanwhile, in 2024 it’s expected to be the world’s biggest election year ever with 4 billion people casting a vote across 60 countries. Will threats such as misinformation and polarization loom large as people head to the polls?
Read more on Visual Capitalist
HOW TO INVEST
Active Investing
FACTOR investing
The noisiness of Financial Factors (FT) - Click on First link.
Last summer, three researchers published an interesting paper that hammered home the importance of good data, and how subtle input changes (inadvertent or deliberate) can radically alter the conclusion.
The paper — “Noisy Factors”, by Pat Akey, Adriana Robertson and Mikhail Simutin — showed how the returns of several big theoretical drivers of investment returns could vary wildly depending just on what timeframe one measured.
Read more on FT (Click First Link)
discretionary investing
ALTERNATIVE ASSET CLASSES
WALL STREET
This week, we speak with Matt Levine, Opinion columnist at Bloomberg. He is the author of Money Stuff, one of the most popular daily newsletters on Wall Street. Previously, he was an investment banker at Goldman Sachs and a mergers and acquisitions lawyer at Wachtell, Lipton.
SUSTAINABLE investing
BAD BETS
ETFs
UCITS ETFS
US ETFs
BlackRock is set to launch ten ETFs focused on Treasury inflation-protected securities (TIPS). Ranging in maturity from 2024 to 2033, these ETFs will seek to provide inflation protection to investors concerned with erosion of purchasing power. The new TIPS-defined maturity bond ETFs will carry an expense ratio of 0.1%. [ETF.com]
Wealth Management
Personal Finance
Are You in the One Percent? (Patrick Boyle - 31 Min)
How much do you need to earn per year to be in the top 1%? The answer to this question varies depending on if you are asking about the 1% in a given country or globally?
In today’s video we discuss how much you have to earn and how wealthy you have to be to be considered in the top one percent. We discuss the careers and lifestyles of the one percent. We look at inequality research to try to understand if inequality is actually growing as much as researchers like Thomas Piketty say it is.
Where Do the World’s Wealthiest People Live? (Visual Capitalist)
From UBS and Credit Suisse’s comprehensive Global Wealth Report 2023, we visualize the world’s millionaire population by country. Their databook details the sources they used, including household balance sheet data from the World Bank, the World Income Inequality Database, surveys, tax data, and Forbes’ findings.
UBS defines millionaires as individuals whose total wealth (including financial and non-financial assets, minus household debt) is at or above $1 million, using “smoothed exchange rates.” These are 2021 average currency exchange rates with the U.S. dollar, adjusted for inflation differences between the U.S. and concerned country, but not adjusted for U.S. inflation between 2021 and 2022.
Read more on Visual Capitalist
Early Retirement
DESIGN YOUR LIFESTYLE
Personal Development
Health & Wellness
CAREERS & Entrepreneurship
- Why is Youth Unemployment So High in Southern Europe? (TLDR - 10 Min)
- Chris Beresford-Hill — How to Come Up with Great Ideas, Doing Naughty Things, Creative Process and Insider Tips, How to Negotiate with Bosses and Clients. (The Tim Ferris Show - 2 Hr 34 Min)
- GPTs are GPTs: An Early Look at the Labor Market Impact Potential of Large Language Models (Art of Manliness)
The 4 things it takes to be an expert (Veritasium - 18 Min)
The four things are:
1. Valid environment
2. Many repetitions
3. Timely feedback
4. Deliberate practice
Travel
Tech & Economy
economy
Why Greece Is Suddenly Doing Really Well (Economics Explained - 16 Min)
Greece became infamous for their economic stagnation following adoption of the Euro and subsequent over-spending and debt accumulation. But in recent years their economy has been improving and, while it isn’t out of the woods yet, there have definitely been big improvements that are worth celebrating. Are they still broke, or will Greece’s economy be an example to others how to recover from financial meltdown?
TECH AND SCIENCE
Get Wise The Most Relevant Independent Weekly Insights For Individual Investors
If you’ve enjoyed our high-quality guides, you will love Europe’s best Wise Investing newsletter even more. Join tens of thousands of individual investors who trust us.
☕ Every Saturday morning with your coffee, enjoy FREE:
✅ Investing guides & tools
✅ Curated insights on investing strategies, ETFs, brokers, early retirement & lifestyle
✅ Exclusive articles crafted for wise investors like you
📩 Bonus: FREE Portfolio Checklist! Sign up today and receive a FREE 2-page checklist to:
- Build & monitor an efficient portfolio
- Clean up your personal finances.
🔒 We respect your privacy and never spam. Try it. Feel free to unsubscribe at any time.
Get Wise The Most Relevant Independent Weekly Insights For Individual Investors
If you’ve enjoyed our high-quality guides, you will love Europe’s best Wise Investing newsletter even more. Join tens of thousands of individual investors who trust us.
☕ Every Saturday morning with your coffee, enjoy FREE:
✅ Investing guides & tools
✅ Curated insights on investing strategies, ETFs, brokers, early retirement & lifestyle
✅ Exclusive articles crafted for wise investors like you
📩 Bonus: FREE Portfolio Checklist! Sign up today and receive a FREE 2-page checklist to:
- Build & monitor an efficient portfolio
- Clean up your personal finances.
🔒 We respect your privacy and never spam. Try it. Feel free to unsubscribe at any time.
And finally
What’s The Future For Bankeronwheels.com? 2023 Year-end Survey Results. (Banker on Wheels)
Bankeronwheels.com, born during the COVID pandemic, began as a personal blog blending cycling with investing insights.
By 2023, the blog had exceeded any growth expectations we had. Today, we want to make the blog the most impactful to our readers.
And there was no better than asking your opinion on how to bring it to the next level. Here are some takeaways from our last month’s survey.
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
