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
Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field.
LONG-TERM INVESTING
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.
WISE INVESTING
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
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Beginners often ask us:
- How do I reach my goals – What investments do I need to take into consideration when e.g. Taking a Sabbatical, buying a House or saving for Early Retirement?
- When should I invest – I fear that investing a lump sum in this market may have a negative impact on my returns. How can timing of buying ETFs affect my performance?
Advanced investors may avoid costly mistakes:
- Challenge my Portfolio – Here is my portfolio – what am I missing? What could derail my strategy? What can I do to protect my portfolio from shocks?
- Help me quickly understand – What makes Inflation Linked Bonds outperform? Bond Ladder or Bond ETFs? Why do some investors add Small Cap Value stocks to their portfolios? How can I exclude Tobacco companies from my portfolio? Are the synthetic ETFs I screened safe? What is Factor Investing?
By signing up for a financial coaching session you support our website and our investment research. Here are other ways to help.
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Book a coaching session
Beginners often ask us:
- How do I reach my goals – What investments do I need to take into consideration when e.g. Taking a Sabbatical, buying a House or saving for Early Retirement?
- When should I invest – I fear that investing a lump sum in this market may have a negative impact on my returns. How can timing of buying ETFs affect my performance?
Advanced investors may avoid costly mistakes:
- Challenge my Portfolio – Here is my portfolio – what am I missing? What could derail my strategy? What can I do to protect my portfolio from shocks?
- Help me quickly understand – What makes Inflation Linked Bonds outperform? Bond Ladder or Bond ETFs? Why do some investors add Small Cap Value stocks to their portfolios? How can I exclude Tobacco companies from my portfolio? Are the synthetic ETFs I screened safe? What is Factor Investing?
By signing up for a financial coaching session you support our website and our investment research. Here are other ways to help.
ACTIVE INVESTING
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.
STOCKS
- The best performing stocks in the S&P 500 over the last 5, 10, 15, and 20 years – Charlie Bilello
- Fund managers pull nearly 130 single-stock ETF applications [First Link] – FT
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
- Q3’2022 Guide to Alternatives – JP Morgan Asset Management
- REITs as a Potential Income Solution Amid Persistent Inflation – GlobalX
- The Private Equity Pitch [Youtube] – Ben Felix
[PODCAST] Expected Returns for Alternative Asset Classes
FROM WALL STREET
- Greg Lippmann – The Big Short and Structured Credit at LibreMax [Youtube] – Capital Allocators
- Exclusions and Green Bonds – There’s no Quick Fix [Podcast] – PGIM
[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.
INSIGHTS
BOOKS & MOVIEs
In the Book review section we rate some of the most relevant resources related to Financial Independence, Personal Finance and Investing. Browse All Book and Video Reviews.
Movies and Books we reviewed this month:
Trillions – The People Behind Your ETFs
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.
PERSONAL FINANCE
This section is dedicated to UK and European Investing and Personal Finance. It can also touch on other European jurisdictions outside the Euro-zone.
PRODUCTS
COST OF LIVING
- Money podcast: what happens if you don’t pay your bills? – Which
- How to Save Money on Streaming Services – Consumer Reports
DESIGN YOUR LIFESTYLE
This section is dedicated to the ‘Why’ of Investing and career choices.
LIFESTYLE
[PODCAST] Ed Thorp on Mental Models for the Second Half of Life
EARLY RETIREMENT
- 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
miscellaneous
- Lessons from a Professional Password Cracker – The Markup
- The 4 things it takes to be an expert [Youtube] – Veritasium
FROM OUR TEAM
This website was created to provide you with all necessary resources to invest without incurring any additional costs.
Servers, data, and software are some of our costs, just to name a few. Most importantly, our time is the main resource to create great content. If you find that our guides helped you on the path to financial success, you may give us a hand by buying a coffee.
By buying us a coffee you support our website and our investment research. Here are other ways to help.
FROM OUR TEAM
This website was created to provide you with all necessary resources to invest without incurring any additional costs.
Servers, data, and software are some of our costs, just to name a few. Most importantly, our time is the main resource to create great content. If you find that our guides helped you on the path to financial success, you may give us a hand by buying a coffee.
By buying us a coffee you support our website and our investment research. Here are other ways to help.
CYCLING
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
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