The Sunday Ride #7 - VANGUARD TAKING THE WRONG TURN?
The Sunday Ride brings a collection of Investment Research and Financial Independence topics for Long Term Investors with the aim of providing you the very 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 much additional guidance.
As usual, everything is to be used at your own risk.
DASHBOARD - STATE OF PLAY
CURRENCY-ADJUSTED 2021 Performance
Realised Inflation has never been so high with Interest Rates so low.
Although I find Michael Batnick’s analysis somewhat misleading given he compares realised (over past year) inflation to forward interest rates (kind of comparing apples to oranges), but it’s worth highlighting nevertheless what exceptional year it has been and how low rates are.
β - THE LONG GAME
This section is dedicated to research on what really matters in the Long Run (aka the 90% of your Portfolio). Read about Asset Allocation and explore Index Investing Research.
Peter Lynch: Why You Should Always Ignore Economic Predictions When Investing
20-year relative asset class performance by Bank of America
Vanguard & Private Equity - Is Vanguard taking the wrong turn with PE in US Target Funds? (Ted Aronson on Bogleheads podcast)
Survivorship Bias explained
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 research related to improving your knowledge about capital markets.
Understanding Evergrande - the Chinese Estate Conglomerate that's nearing collapse
What is Momentum (State Street)
Rebalancing and Factor Returns (FTSE Russell)
The underperformance of value (MEKETA)
Did I miss the Value Turn? The opportunity to buy value stocks may be short-lived and we may wait decades for an opportunity of a similar scale (Research Affiliates)
Tech-oriented Thematic Indices through a Factor Lens (Quontigo)
Do cryptocurrencies improve portfolio diversification? Alpha Architect.
Why it’s wise to add bitcoin to an investment portfolio – The Economist
Will the next web be build on Ethereum? Financial Times.
Can you make 10x with Crypto Tokens? Here are the Risks by Banker on Wheels.
21Shares announces listing of Solana and Polkadot ETPs in Paris and Amsterdam.
An Investor’s deep dive on Ethereum – Banker on Fire
ACTIVE INVESTING - ORBITUARY
When you play with fire, you can get burned. This section is a stark reminder of what can happen when engaging in active investing, even as a professional.
They are not out of the game quite yet, but much closer.
Think about all those thinking investing in Bonds doesn’t make sense. Or putting money where their mouth is and shorting them.
Hedge Fund Alphadyne Loses $1.5 Billion in Short Squeeze, writes Bloomberg.
But you can also lose over 10x more in two days. Watch the Bloomberg video below.
This section is dedicated to UK and European Index Investing. It can also touch on other jurisdictions outside the Euro-zone.
This section is dedicated to the FIRE Lifestyle Movement and Cycling Topics (bikepacking, touring and useful reviews)
Financial Independence & Early RetiremenT
Investing in Happiness
Regret minimization is harder than it looks – Samvit Jain
The biggest problem with Early Retirement by Retireby40.
Income inequality and money imbalance in relationships by One Frugal Girl
The case for renting – PWL Capital
Can you retire in your thirties with FIRE ? Financial Times podcast
Bill Gross succesor to quit at 44 and hit the road with kids, Bloomberg
RIP IOHAN - YOU WERE MY CYCLING INSPIRATION
Iohan Gueorguiev started his Youtube videos 7 years ago.
I stumbled upon the one from Alaska back in 2016/2017 and that’s what inspired me to take on the world on my gravel bike.
A couple of years later I left the City of London and started my trip.
Iohan left us a few weeks ago following a suicide. One of its causes was insomnia due to sleep apnea.
Here is a tribute to Iohan that died at age of 33.
The inspiration to future cyclists through his videos will live forever.
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
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.