Weekend Reading – Weak Currencies: How To Avoid Losses
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.
Invest Wisely section is dedicated to research on how to invest for the Long Run using Passive Investment Strategies. Read Topics related to (i) Portfolio Construction and Asset Allocation (ii) Acting wisely by avoiding behavioural traps and also (iii) publications that help understand how financial markets work.
Active Investing section relates to improving your knowledge about active investing. 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. This section also includes Sustainable Investing. You can invest in a Socially Responsible way, but there are many ESG traps. Learn how to invest sustainably, and what it means for expected returns, with our definitive guide to sustainable investing.
Personal Finance section is dedicated to UK and European Products. It can also touch on other European jurisdictions outside the Euro-zone.
- Recommeded Reading
- Youtube (Required watch time)
- Podcast (Listening Time)
- Academic Research - May require intermediate/advanced knowledge
- Noteworthy Twitter Thread
Pleasant as it may be to bask in the warmth of recovery… the time to repair the roof is when the sun is shining
John Kennedy
INVEST WISELY
CONSTRUCT YOUR PORTFOLIO
Navigating the world of bonds can be a treacherous journey, especially when it comes to currency hedging. Can your strategy change based on your home currency? Does it matter if you invest in Euros, or Swiss Francs? Is the British Pound any different? What about other currencies? Is the decision to hedge impacted by your life situation and goals? What about other currencies? Is the decision to hedge impacted by your life situation and goals?
UNDERSTAND FINANCIAL MARKETS
- Visualizing Every Company on the S&P 500 Index (Visual Capitalist)
- BRICS is fake (Noahpinion)
- Why China's economy ran off the rails (Noahpinion)
- The Great and Awful Thing About These Interest Rates (Irrelevant Investor)
- If the UK stock market is cheap, why doesn’t it go up? (FT.com, click on the first link)
- 15 Ideas, Frameworks, and Lessons from 15 Years of Investing (Corey Hoffstien)
Dividends contributed nearly 30% to the 10.4% annual total returns of the S&P 500 over the long run. In the 1970s, a decade characterized by high inflation and weak economic growth, dividends made up 70% of total returns. The 1990s—the decade of the dot-com bubble—had the lowest contribution from dividends of just 15%.
Read more on Wisdom Tree
HOW TO INVEST
Active Investing
FACTOR investing
Anyone who’s ever bought a used car knows the importance of avoiding a cherry-picked depiction of history. Low mileage and regular oil changes don’t matter much if the seller fails to mention the car was once submerged in floodwater. Many investors have been drawn to the shiny-object stocks of the S&P 500 index on account of their recent performance—since 2010, the large cap S&P has outperformed US small cap value stocks by an annualized 1.7 percentage points. the decade of the dot-com bubble—had the lowest contribution from dividends of just 15%.
Read more on Dimensional
discretionary investing
As measured by the Standard & Poor’s 500 Index, U.S. stocks have risen more than 20% since they hit a trough in mid-October 2022—a dismal year that brought the S&P 500’s worst calendar-year decline since 2008 but just its second loss in 14 years. They’ve roughly doubled in value since the pandemic-induced low of March 2020. The extent and pace of the gains are enough to make the wary equity investor wonder: Where is there opportunity in the U.S. stock market?
Read more on Vanguard
Aswath Damodaran is the ‘Dean of Valuation.’
For almost four decades, he has been teaching valuation at NYU. He also teaches millions of people online.
Here are 7 Key Valuation Lessons from him
Read more on Twitter
- These five videos are a masterclass for investors. (Long Equity)
- AI, Digital, Data Disruption - With Ulrike Hoffman Buchardi of Tudor Investments (Meb Faber - 46 min)
- Investment Unicorns: The Only Financial Novelty That Hasn’t Been Disgraced (Morningstar)
- Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales (Visual Capitalist)
ALTERNATIVE ASSET CLASSES
Is the UK housing market going to crash? (Pension Craft - 21 Min )
If we combine the cost of living crisis, soaring interest rates, and sky-high prices, it seems as if the UK housing market is set up for a big crash. This video looks at the reasons for and against an impending crash. And, also gives you some forecasts for UK house prices.
WALL STREET
A 40 Minute Charlie Munger Masterclass (42 Mins)
As Berkshire’s Vice Chairman, the 95-year-old Munger is Warren Buffett’s right-hand man. He’s also an investing legend in his own right. Munger ran a firm in the 1960s and ’70s that scored returns of over 24% per year. He’s here to talk about how to make investment decisions and life choices that help secure prosperity and longevity.
SUSTAINABLE investing
crypto
Bitcoin Index posted a 76.4% return through July 2023 in defiance of the gloomy narratives that haunt the rest of the cryptocurrency ecosystem. The trusty balanced portfolio has also beaten expectations as of late. So far in 2023, risk has paid handsomely. That fact may leave many investors wondering whether to add some extra firepower to their portfolio in the form of an allocation to bitcoin.
Read more on Morningstar
BAD BETS
❤️🐶 Shop & Support - Celebrate our 4th anniversary! 4️⃣🎂
Spread the Golden Retriever Wisdom Across Europe & the UK 😎
Banker On Wheels is 4 years old! To celebrate our anniversary we have launched the official merchandise store – Shop.Bankeronwheels.com. You can now get your favourite Golden Retriever, or your factor tilt on a coffee mug or a T-Shirt while supporting our cause! All profits are reinvested into creating more educational content. Alternatively, you can also buy us a coffee. Thank you for all your support ❤️
PERSONAL FINANCE
Wealth Management
Early Retirement
Cody Garrett is an advice-only financial planner passionate about helping families refine their path to financial independence (FI) as DIY investors. Cody specializes in comprehensive financial plan development, topic research, and personalized financial education.
On this podcast, he joins John Luskin to talk all things early retirement!
FINANCIAL PRODUCTS
COST OF LIVING
OUR Community
Question of the week
Personal Development
Justin Gary is an award-winning designer, author, speaker, and entrepreneur. He is CEO of Stone Blade Entertainment and creator of the innovative and award-winning Ascension deck-building game series. Explore the path less travelled, the phenomenon of magic, how analytical people can become creative people & much more!
- My Notes From Poor Charlie's Almanac (David Senra)
- Practical Reason In Ordinary Life with Professor Cass Sunstien (Rational Reminder - 1 hr 7 min)
- Intelligent v Smart - An important distinction to make in life (Collab Fund)
- How to spend for value, master your finances & getting the best out of yourself (ChooseFi - 56 min)
- What Is Happiness, Anyway? (Next Avenue)
Health & Wellness
CAREERS
- Maybe Bing isn't trying to compete with Google after all (ZD Net)
- AI vs. Humans: Which Performs Certain Skills Better? (Visual Capitalist)
- Revealed: The Authors Whose Pirated Books Are Powering Generative AI (The Atlantic )
- I pitted ChatGPT against a real financial advisor to help me save for retirement—and the winner is clear (Fortune)
- What note taking apps are for? (The Verge)
Travel
Between 2019 and 2023, I spent close to a year in Japan. I cycled over 4,000 km from Hokkaido to Okinawa. Here are some tips on how you can make the best of your trip to the country of the rising sun. When to go, where to go (to avoid the touristy parts), navigation, avoiding natural disasters, and travelling cheaply.
Here are the best tips.
From Bankeronwheels.com
Get Wise The Most Relevant Independent Weekly Insights For Individual Investors In Europe & the UK
Liked the quality of our guides? There is more. Every week we release new guides, tools and compile the best insights from all corners of the web related to investing, early retirement & lifestyle along with exclusive articles, and way more. Probably the best newsletter for Individual Investors in Europe and the UK. Try it. Feel free to unsubscribe at any time.
🎁 In the first email, you can download a FREE comprehensive 2-page checklist to construct & monitor your portfolio and clean up your personal finances.
miscellaneous
OUR Community
Last Week We asked you
How would you describe your current life situation?
SUGGEST AN ARTICLE
Thank you for reading.
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
Weekend Reading – BlackRock Launches New iBonds, Truth About €1M Broker Insurance & BOW is 4 years old!
The Truth About €1 Million Broker Guarantees
4 Things I Learned In 4 Years Of Running A Finance Blog
Dodl By AJ Bell Review – AJ Bell’s Younger Brother
Vanguard LifeStrategy Review – A Retriever In A Babushka Doll
Why Do Portfolio Managers Care About Factors? It’s Not What You Think.
HELP US
🙋 Wondering why finding honest Investing Guidance is so difficult? That’s because running an independent website like ours is very hard work. If You Found Value In Our Content And Wish To Support Our Mission To Help Others, Consider:
- 📞 setting up a coaching session
- ☕ Treating us to a coffee
- 🐶 Purchasing Our Official Merchandise
- ❤️ Exploring Other ways to support our growth, both financially and non-financially.
DISCLAIMER
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.