The Sunday Ride #8 – Bank of America’s ‘Crypto too large to ignore’ Report & Video

The Sunday Ride #8 - Bank of America's Crypto Bible (REPORT & VIDEO)

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. 

Market Dashboard

DASHBOARD - STATE OF PLAY

A quick glance at where we stand Year-to-Date when you rebalance. Compiled specifically taking a Long Term Investor view. Updated throughout the year. Long term historical risk and returns are here

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.

 

Is Vanguard the best ETF Provider? – Banker on Wheels

Vanguard sees higher Inflation than expected by FED and Markets – Vanguard Research

Woodford investors may have to wait another three years for compensation if watchdog fails to interveneThis is Money

Outside of relying on good asset managers, remember the importance of choosing a safe Stock Broker – Banker on Wheels.

Q4 2021 Guide to Markets – JP Morgan

Deglobalization myths – Vanguard Research

Buy the Dip vs. Follow the Plan (Visual Capitalist & Morningstar)

Connection between asset prices and inflation

The cost of a big mac around the world (Eegli & The Economist)

Want to learn more about Inflation Protection?

I have recently summarised the best ways of protecting your Portfolio from unexpected Inflation.

Alpha Investing

α - PUNT RESPONSIBLY

This section is dedicated research related to improving your knowledge about capital markets.  If you decide to sin, then sin only a little. Combined active bets should be, at best, a tiny fraction of your portfolio. Remember that most crypto assets do not generate yield, are not investments but rather portfolio diversifiers and will remain highly volatile.

Factor Investing

Crypto

Large European Institutions are buying into crypto

Video Summary of Bank of America's 'Crypto Bible' (Coin Bureau)

Could Stablecoins cause the next Financial Crash? (Pension Craft)

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.

 

The WSJ launched Bad Bets podcats – something that may fuel this section as interesting episodes worth your attention are released.

First episode – the Enron scandal.

 

European Stuff

EUROPEAN STUFF

This section is dedicated to UK and European Index Investing. It can also touch on other jurisdictions outside the Euro-zone.

State Street and Invesco are in talk to merge. 

In Europe, the Invesco-SSGA giant would enter the race for the third-largest ETF issuer and benefit from economies of scale, including deeper liquidity and combined marketing and distribution efforts.

A State Street, Invesco deal would provide ‘critical mass’ to take on BlackRock – Financial News London

Jacobi AM launched the world’s first physically-backed Bitcoin ETF. Don’t hold your breath though – the minimum amount is $100,000 and it carries a 1.5% fee!

Jacobi receives approval for “world’s first tier one” bitcoin ETF – Funds Europe

BOOK REVIEWS

We have launched the Book Review section, where Kat & I rate some of the most interesting reads related to Financial Independence, Personal Finance and Investing.

Cycling

LIFESTYLE

This section is dedicated to the FIRE Lifestyle Movement and Cycling Topics (bikepacking, touring and useful reviews)

Financial Independence & Early RetiremenT

40% of Employees will leave their job in next 3-6 months often without a new job lined up (McKinsey)

Cycling

CYCLING TIBET - AN INSANE DAY FROM MY DIARY

Tibet was the most rewarding part of all my cycling adventures, not only because of physical challenges. Spiritual Tibet played a big role. 

This region is also the heartland of Nuclear China and a place with extensive minorities including Hui Muslims and Tu Mongols whose ancestors served in Genghis Khan’s army.

Cycling Tibetan heartlandBanker on Wheels 

Last month I mentioned the tragic death of my cycling inspiration. The NYT also wrote about it.

Iohan Gueorguiev, ‘Bike Wanderer’ of the Wilderness, Dies at 33 – New York Times

Midlife Cycling Performance – Road CC 

Machete-wielding moped gang terrorising cyclists in Richmond (Boris Bike is safer) – Standard

It’s a big beautiful world out there. Money is a small part of it. But F*ck You Money buys you the freedom, resources and time to explore it on your own terms. Retired or not. Enjoy your journey.

JL Collins

Good Luck & keep’em* rolling!

(* Wheels & Dividends)

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Market Dashboard
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INVESTING FAQ
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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.

REACH FINANCIAL INDEPENDENCE SOONER

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About Raph Antoine 77 Articles
Raph Antoine is a Portfolio Manager and Institutional Advisor that witnessed first-hand the 2008 Global Financial Crisis and the 2011 European Debt Crisis working for some of the most prestigious names in the financial industry. Raph has experience across multiple asset classes including Fixed Income and Equity products as well as bespoke Investment vehicles in multiple jurisdictions. Raph holds an MSc in Financial Engineering and is a CFA (Chartered Financial Analyst) Charterholder. He usually rides one of his two bikes. Rarely, a Canyon Ultimate CF SLX 8.0 (that is currently in family's attic) and most of the time a Gravel Pinnacle Arkose (his favorite) that he used to Cycle the World.
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Joao Jesus
Joao Jesus
26 days ago

Hello, Raph. Thank you for the very fine selection of reading material / links as usual. Those ETFs, especially the ones in euros, are on an absolute tear, they’re good enough for me going full beta. I think my bank would give me about 0,5% – imagine that.
Cheers, keep up the good and interesting work.