FUTURE RETURNS - YOU'RE EXPECTING TOO MUCH [TOP LINKS #19]
TOP LINKS is a periodic 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.
Quote of the week
This section is dedicated to research on how to invest for the Long Run. Read Topics related to (i) Wise Investing – Investor Behaviour and Asset Allocation but also (ii) publications that help understand the Macro picture that may affect your portfolio in the long run.
Buying The S&P 500 Today? Wait. These 8 Charts Show What You May Miss
Over the past 50 years, the U.S. Market has outperformed the rest of the world by a whooping margin of 1% per year. Guess, how much of the 50-year outperformance came in the last 8 years? All of it. [Read the article]
- Expected Returns For Bonds Are Finally Attractive – A Wealth of Common Sense
- Bonds of Mass Destruction – The Last Bear Standing
- Why We Trade – These are the behaviours that drive short-term trading – Morningtar
- ETFs with largest inflows underperform rivals, studies show [First Link] – FT
- Were Those Great Returns the Result of Skill — or Just Luck? – Institutional Investor
UNDERSTAND FINANCIAL MARKETS
- The State of the World & Investing with Bridgewater’s Greg Jensen [Youtube] – SALT
- It Starts With Inflation and What That Means for What’s Ahead – Ray Dalio
- Stanley Druckenmiller Speaks during the CNBC Delivering Alpha Conference [Transcript] – CNBC
- UK pensions hit with £100m margin calls as gilts and sterling slide – Risk
[PODCAST] Expected Returns For Major Asset Classes
This section relates to improving your knowledge about financial markets. If you decide to sin, then sin only a little. Given ample evidence, combined active bets should be ideally a relatively small fraction of your portfolio.
FACTOR AND THEMATIC Investing
- Only 25% of thematic funds are successful, research shows [First Link] – FT
- Don’t Count China Equities Out Just Yet [Video] – UBS Asset Management
- Value investing in Asia: Japan is well positioned for long-term outperformance – Eastspring
- Money Talks: India’s Moment [Podcast] – The Economist
[PODCAST] Talking Like Volcker, Value vs. Growth with Rob Arnott
ALTERNATIVE ASSET CLASSES
[PODCAST] Expected Returns for Alternative Asset Classes
FROM WALL STREET
[PODCAST] Stanley Druckenmiller - the #1 Investors in the world
REMINDERS TO PUNT RESPONSIBLY
CRYPTO & BLOCKCHAIN
It’s not unreasonable to have skin in the game in a multi Trillion market. With one caveat. Be ready to lose it all. Remember that most crypto assets do not generate yield. If some do, there are hidden risks involved.
BOOKS & MOVIEs
Movies and Books we reviewed this month:
Trillions, how a band of Wall Street Renegates Invented the Index Fund And Changed Finance Forever, by Robin Wigglesworth is a fascinating insight into the people who made the Index Fund revolution happen.
The stories about the people often start with some of their biggest failures. But beyond the stories, Robin also argues that every revolution brings its fair share of non-issues and sometimes real issues, such as concentration of power.
This section is dedicated to UK and European Investing and Personal Finance. It can also touch on other European jurisdictions outside the Euro-zone.
COST OF LIVING
DESIGN YOUR LIFESTYLE
This section is dedicated to the ‘Why’ of Investing and career choices.
[PODCAST] Ed Thorp on Mental Models for the Second Half of Life
- Your % Savings is the most important number – The Escape Artist
- Three Years of FIRE and the Point of No Return – Physician on FIRE
- It’s Happening! I’m Retiring At Age 29 With $650,000 – Financial Mechanic
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
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All information found here, including any ideas, opinions, views, predictions expressed or implied herein, are for informational, entertainment or educational purposes only and do not constitute financial advice. Consider the appropriateness of the information having regard to your objectives, financial situation and needs, and seek professional advice where appropriate. Read our full terms and conditions.