Weekend Reading – DEGIRO Increases Fees, SPDR ETF becomes the cheapest Global Fund . Best Definition of Early Retirement.
Essentially what you want to get everybody to is retirement but not retirement at 65, sitting in a nursing home and collecting a check. Retirement is when you stop sacrificing today for some imaginary tomorrow. When today is complete on its own, that's when you're retired.
HOW IT WORKS
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.
- Recommeded Reading
- Youtube (Required watch time)
- Podcast (Listening Time)
- Academic Research - May require intermediate/advanced knowledge
- Noteworthy Twitter Thread
INVEST WISELY
This 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.
CONSTRUCT YOUR PORTFOLIO
How to Start Investing In 10 Steps (Bankeronwheels.com)
Some time back I was on a hike with some local friends and after talking about some exciting topics like cycling the world, the conversation ended up drifting towards investing. Francesca and Joanna recently heard about Index Funds from friends. Both were reluctant to deploy money in the Stock Market. While Francesca held significant amounts of cash for a number of years, Joanna thought there was no better investment than her home.
- Updated Long-Term Shareholder Returns Paper: Evidence from 64,000 Global Stocks (Originally published, 2020) (Financial Analysts Journal)
- The Golden Rule of Investing: Role of Gold in a portfolio (Robeco Qauntitative Investing)
- Goal Based Investing - Paying for college with Ann Garcia (Bogleheads Live - 45 min)
- UK: Are US Treasuries better than gilts for UK investors? (Monevator)
UK: Where To Hold Cash For Higher Returns & Lower Risk. (Pension Craft - 14 min)
Central banks continue to battle inflation by raising interest rates. While this has been a cost to borrowers and growth stocks, it is good news for investors seeking safe income. In this video, Pension Craft explains how to earn that income efficiently and also show you what could go wrong.
HOW TO INVEST
UNDERSTAND FINANCIAL MARKETS
- Tech sector layoffs and what they foreshadow (Vanguard)
- After Credit Suisse, what next for European Banks? (Morningstar)
- Learning from Financial Market History with Prof William Goetzman (Rational Reminder - 1 hr 8 min)
- Is the US economy at risk of a Minsky Moment? (Verdad)
- Index Investing and the Informational Efficiency of Stock Prices (Alpha Architect)
A nine-time “Professor of the Year” winner at NYU, Damodaran teaches classes in corporate finance and valuation. A nine-time “Professor of the Year” winner at NYU, Damodaran teaches classes in corporate finance and valuation to MBA students. His next book, “The Corporate Lifecycle: Business, Investment, and Management Implications,” will be published in December.
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ACTIVE INVESTING
This 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.
FACTOR & Thematic investing
- The curse of having to invest in large caps (Joachim Klement)
- Combining Reversals with Time-Series Momentum Strategies (Alpha Architect)
- How to improve momentum trading (Disciplined Systematic)
- The Long and Short of Factor Investing (Validea)
- Opportunities in emerging markets equities (AQR)
- ETFs 2027 - A world of new possibilities (PWC)
On this episode, Isaiah is joined by expert Dr. Wesley Gray, CEO of Alpha Architect, to discuss the concepts of value investing. Through research and extensive back testing, Dr. Gray has developed an approach of value investing that has an impressive compounding of returns. Check out this interview with Dr. Gray to learn more about this unique and mysterious way of investing capital.
STOCKS
This episode starts off with a Twitter thread from Bill on January 18th which said there were bigger problems at Silicon Valley Bank than just their large exposure to the stressed venture world. Bill gives his view on how the situation has unfolded and the implications for both the banking and venture capital ecosystem. Then we spend some time on the convergence of public and private markets and areas he sees opportunities on both the long and short side.
SUSTAINABLE investing
ALTERNATIVE ASSET CLASSES
FROM WALL STREET
crypto & blockchain
REMINDERS TO PUNT RESPONSIBLY
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DIVE DEEPER - 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.
15 Years On, We Fall For The Same Tricks – Madoff: The Monster of Wall Street On Netflix (Review)
The 2023 Netflix docuseries Madoff: The Monster of Wall Street dives into the largest Ponzi scheme in history, worth $64.8 billion.
Although the Madoff madness stopped in late 2008, today’s investors still fall for the very same tricks.
What exactly can we learn from this series?
Let’s have a closer look.
PERSONAL FINANCE
This section is dedicated to UK and European Products. It can also touch on other European jurisdictions outside the Euro-zone.
FINANCIAL PRODUCTS
SPDR cuts TER to 0.17% for its ACWI ETF to become Europe's cheapest Global ETF (Bankeronwheels.com)
State Street provides the option of investing in World’s small caps through the SPDR MSCI ACWI IMI UCITS ETF. In Q1 2023, the TER has been lowered from 0.4% to 0.17%. But, you will rely on a correct sampling. For someone who is unfamiliar with ETF benchmarks and criteria, selecting an ETF has become a headache. Comparison websites generally list thousands of ETFs. Here is our updated compilation of the Best ETFs.
Read more on bankeronwheels.com
COST OF LIVING
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As of 29/03/2024, Interactive Brokers offers rates up to 4.738% (GBP), 3.445% (EUR) and 4.83% (USD) on cash.
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As of 29/03/2024, Interactive Brokers offers rates up to 4.738% (GBP), 3.445% (EUR) and 4.83% (USD) on cash.
OUR Community
Question of the week
DESIGN YOUR LIFESTYLE
This section is dedicated to the ‘Why’ of Investing, trends or career choices.
LIFESTYLE
- Staying up to speed on financial literacy (Vanguard)
- Emergency funds: 4 tips to boost your financial health (Vanguard)
- On the skill of spending (ChooseFi - 53 min)
- What Makes You Happy? (Collab Fund)
- What is the ultimate level of wealth? (A Wealth of Common Sense)
- Christine Benz and Jeff Ptak talk with James Choi about personal financial advice (Morningstar - 48 min)
In conversation with Naval Ravikant: 4 life traps you need to get out of now. (Naval Ravikant - 12 min)
This is the best definition of retirement I’ve heard – “Essentially, what you want is retirement. But not retirement at 65, sitting in a nursing home and collecting a cheque. Retirement is when you stop sacrificing today for some imaginary tomorrow. When today is complete on its own. How do you get there? One way is to have so much money saved up that just live off your passive income without having to lift your finger. The second is to keep your burn rate low. The extreme of that is to become a monk. The third way is to do something you love and enjoy so much that it’s not about the money any more.”
Health & Wellness
EARLY RETIREMENT
- Considering the universe of financial choice - Savings Vs Long Term Investment for Retirement (Vanguard - 20 min)
- A personal-finance blogger quit being a landlord, sold her rental properties, and still plans to retire early. Here's how. (Business Insider)
- Ultimately, a plan for retirement that does not account for the “where” and “why” is not a complete strategy. (Think Advisor)
- Will you have “retirement regret?” (Rad Reads)
CAREERS
- Big tech layoffs hit European Resistance (LinkedIn News)
- How companies are punishing work-from-home holdouts (Fortune, Paywall)
- UK firms try to lure Gen Z workers with ‘early finish Fridays’ (Guardian)
- The non negotiable expectations at work (Benedict Evans)
- The complexities of equity based compensation (Howard Lindzon - 51 min)
TECH & ECONOMY
Sam Altman on GPT 4 & the future of AI (2 hr 23 Minutes - Lex Fridman Podcast)
Sam Altman is the CEO of OpenAI, the company behind GPT-4, ChatGPT, DALL-E, Codex, and many other state-of-the-art AI technologies.
Some of the topics include:
GPT-4, Political bias, AI safety, Neural network size, AGI,Elon Musk
Travel
miscellaneous
Countries by share of the global economy.
The global economy can be thought of as a pie, with the size of each slice representing the share of global GDP contributed by each country. Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP. Adding on another five countries (the top 10) makes up 66% of the global economy, and the top 25 countries comprise 84% of global GDP. The rest of the world — the remaining 167 nations — make up 16% of global GDP. Many of the smallest economies are islands located in Oceania.
Read more on VisualCapitalist.com
From Bankeronwheels.com
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(* Wheels & Dividends)
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