Einstein once said that common sense is the collection of prejudices acquired by the age of eighteen. Similarly, much of what is conventional wisdom on investing is wrong.
Most people can get by just fine without knowing anything about, say, rocket science. It is substantially more difficult to get through life without being knowledgeable about finances.
European and UK Brokers tend to have complex fee structures, making them hard to compare. However, most of our readers have simple portfolios that makes it possible to run illustrative scenarios and compare the overall cost in an accumulation phase. Here is how it works.
The picture from the 5th Solvay Conference held in Brussels in 1927, is probably the finest collection of human brain power in the history of mankind. 17 of the 29 attendees, including Einstein and Curie, were or would go on to become Nobel Laureates. Unfortunately, the world of Finance lacks these selfless figures. Except that the 1970s saw the advent of the low-cost Index Fund.
Great books on money management and financial freedom investing are hard to find, especially ones with no ulterior motive.
That’s why Invest Your Way to Financial Freedom by Ben Carlson and Robin Powell is an exciting addition to the European personal finance space.
There are a lot of misconceptions about Bogle, especially amongst his fans and the Bogleheads community.
Eric’s book is not a biography of John Bogle in the conventional sense nor is it an introduction to his claim to fame, that is, index investing.
Instead, the book may be characterized as an attempt to chart the impact the Bogle on the history of the mutual fund industry.
A Random Walk Down Wall Street by Burton G. Malkiel is a bestselling personal finance book that takes the reader on a journey through financial history and teaches about past and present investment strategies.
It is extremely well-known and has been sold over 1.5 million times, earning its author great respect in the financial world.
The five topics explored are “Get rich quick”-schemes, credit cards, student loans, gambling, and retirement.
There is a strong US focus, but many of these issues are applicable to people around the world, so the series could be worth watching regardless.
It focuses on explaining the issues and the history behind them as well as demonstrating what researchers and policymakers are doing to counteract them.
The 2008 event still impacts all of us nowadays and has changed the world of banking forever.
For this reason, I’ve set out to watch a trilogy of movies covering this time period, in the hopes that they could help me understand why there was a crash, what happened, and what implications the downturn has for us today.
Today, I’ll share my experience of watching The Big Short, Inside Job, and Margin Call.
Raph will also add his perspective as someone who spent a few years on an ABS desk managing some of these Bonds.
Investing Demystified: How to Create the Best Investment Portfolio Whatever Your Risk Level by Lars Kroijer educates the general population on how to best invest.
The author is a former hedge fund manager, so he has spent years of his life analyzing the markets and learning about portfolio theory. As a result, the information in this 2017 guide is backed by the most current research into how markets work.
Kroijer pays special attention to making his concepts applicable for investors all over the world, and you can implement his rational portfolio no matter where you live.
How I Lost Money in Real Estate Before it Was Fashionable by JL Collins tells the story of his disastrous condo purchase in the 1970s and 80s. The short book demonstrates how, contrary to popular opinion, real estate isn’t always an amazing investment and that potential homeowners should be critical before buying.
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