The Sunday Ride #3 - MAY'21
The Sunday Ride brings a collection of Investment Research and Financial Independence topics for Long Term Investors with the aim of providing you the best reads.
To be enjoyed with your Sunday post-ride coffee.
While rebalancing your portfolio, learn how the markets work and get the highest quality insights from Wall Street and Main Street.
Unlike the rest of Bankeronwheels.com, this series is provided without additional guidance.
As usual, everything is to be used at your own risk.
DASHBOARD - STATE OF PLAY
Year-to-date Market Performance
Markets were relatively quiet this month.
Overall Equities moved sideways in May, except European currencies and Gold getting stronger against the Dollar.
Rates rise paused, and it remains to be seen whether the FED is right about its stance, and inflation spike is indeed temporary and doesn’t necessitate action.
β - THE LONG GAME
This section is dedicated to what really matters (aka the 90% of your Portfolio) – achieving Financial Independence, Asset Allocation and Long Term Investing Research.
Long term investing is easy in theory, practice is another thing.
Morgan Housel has a look at why it’s difficult.
Schroders on how to build a portfolio in a world of zero rates.
Stock market bubbles fascinate researchers because bubbles have major implications for market efficiency, but their existence is disputed.
This CFA Institute book evaluates academic research and other analysis of bubbles and their significance for investors (not a quick weekend read!)
If you are curious about Inflation and want to tweak your portfolio A. Damodaran dives into the topic in a very comprehensive manner.
Separately, if you are wondering about potential ways to reduce taxes with ETFs, I have written about withholding tax in a BoW article. Not the sexiest topic, but can save you a lot.
Finally, you can now can test your knowledge of key long term investing concepts on BoW.
If there’s something you’re unfamiliar with, I have provided you with helpful resources to learn more and boost your investment knowledge.
α - PUNT RESPONSIBLY
If you decide to sin, then sin only a little. Active investing should be, at best, a tiny fraction of your portfolio (I tend not to exceed 10% of my portfolio). This section is dedicated to improving your knowledge about capital markets.
Chris Cole from Artemis presented his research on long term Dragon portfolio. Here is the transcript from the Odd lots podcast.
Real Returns dives into arguments against ESG Investing.
There are ways of cutting your taxes when investing in the S&P 500. Here is a BoW analysis on why you may consider Synthetic ETFs.
Morningstar takes a look at differences in US Equity Benchmarks.
FTSE Russell writes about Small Cap Value bias persisting.
This section is dedicated to UK and European Index Investing. It can also touch on other jurisdictions outside the Euro-zone.
Ever wondered why Europe is so late in the ETF game?
The retrocession model doesn’t exist in the U.S. and was ended in the U.K. in 2012.
But it’s the major factor in Europe.
“Retrocession fees are the classic case of greedy middle men taking their cut to the detriment of the end investor. It’s time someone blew up the boat”, writes Blackwaters.
Look at their latest survey and how the revolution won’t sweep Europe anytime soon.
Global X presents trends in thematic ETFs in Europe.
This section is dedicated to the FIRE Lifestyle Movement and Cycling Topics (bikepacking, touring and useful reviews)
Financial Independence & Early Retirement
Divorce, Illness and other issues can prevent us from achieving Financial Independence.
Here are 5 reasons that often come up by Incognito Money Scribe.
But a more in-depth analysis about couple perspectives is given by the great Indeedably. Rare are those honest testimonials of challenges that you may not foresee when one starts investing.
An amusing video about cycling masochism. Enjoy!
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HAVE A QUESTION ABOUT INVESTING?
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Good luck and keep’em* rolling!
(*Wheels & Dividends)