Weekend Reading – Vanguard On Best Portfolio Rebalancing Frequency
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
People don't want to rebalance when the stock market is doing well
INVEST WISELY
CONSTRUCT YOUR PORTFOLIO
Become a passive Investing Ninja – the definitive guide to slashing ETF Costs and Taxes (Bankeronwheels.com)
A Step-By-Step Guide To Reduce All Investing Costs & Slashing them, one by one. Whether they are visible, or not (i) ETF Costs – by selecting the best performing ETF based on Tracking Difference and TERs. (ii) Taxes – Taxes owed to foreign and local governments on received dividends. (iii) FX Fees – Conversion fees when investing in another currency and receiving dividends and (iv) Invisible Costs – When trading ETFs, including spreads.
- Why to rebalance and when? (A Wealth of Common Sense)
- Account turnover or do nothing trategy? Which one is better? (Humble Dollar)
- The risk of owning equities declines as the time horizon increases or does it? (Advisor Perspectives)
- Is a GDP Weighted Index A source of superior returns? (CFA Institute)
- Time to move on from the 60/40 debate (Vanguard)
- Being aware of the potential for unintended bets can shape the how, where, and even the when of portfolio construction. (Flirting With Models - 54 mni)
Tyler runs the website Portfoliocharts.com which features a variety of useful data visualization tools and back testing for asset allocations. The website features sample portfolios and also contains tools for users to create their own DIY asset allocations that are backed by data.
This conversation is about Tyler’s journey as an investor.
HOW TO INVEST
UNDERSTAND FINANCIAL MARKETS
Universa’s Taleb on Inflation, Global Financial Markets, & Crypto (Bloomberg - 30 Min )
Nassim Nicholas Taleb is a Lebanese-American essayist, mathematical statistician, former option trader, risk analyst, and aphorist whose work concerns problems of randomness, probability, and uncertainty. The Sunday Times called his 2007 book The Black Swan one of the 12 most influential books since World War II.
Active Investing
FACTOR investing
- Novel Measure of Firm-Level AI exposures (Alpha Architect)
- Industry classification and the momentum factor (Alpha Architect)
- International Deep Value: Extreme cheapness ignores relative fundamentals (GMO, Paywall)
- Long-term front-running - An introduction to value investing (Asian Century Stocks)
- Intangible Value Factor can play an additive role in factor portfolios alongside the established market, size, value, quality, and momentum factors. (Sparkline Capital)
discretionary investing
Druckenmiller: AI is Dominating My Long Portfolio (Bloomberg - 33 Min )
Stanley Freeman Druckenmiller is an American investor, hedge fund manager and philanthropist. He is the former chairman and president of Duquesne Capital, which he founded in 1981. He closed the fund in August 2010. At the time of closing, Duquesne Capital had over $12 billion in assets.
ALTERNATIVE ASSET CLASSES
WALL STREET
Steve Eisman is known for having bet against the housing market before the Great Financial Crisis in a trade immortalized by Michael Lewis in The Big Short. So what is he betting on now? In a special live episode of Odd Lots, recorded at the Bloomberg Invest summit, he discusses the recent banking turmoil (he thinks it’s contained), the boom in anything related to AI, and his current bets on US manufacturing and infrastructure.
SUSTAINABLE investing
crypto
- When Is a Token Not a Security? (Bloomberg, Paywall)
- 10T Holdings founder Dan Tapiero and Raoul Pal discuss the current macro environment, how it’s affecting crypto, and what they see on the horizon for the ecosystem (Real Vision - 1 hr 10 min)
- The fate of Crypto in the US rests more on the courts interpretation of the Howey test as opposed to any forthcoming legislation (Net Interest)
BAD BETS
From Bankeronwheels.com
Get Wise The Most Relevant Independent Weekly Insights For Individual Investors In Europe & the UK
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PERSONAL FINANCE
Wealth Management
FINANCIAL PRODUCTS
COST OF LIVING
OUR Community
Question of the week
From Bankeronwheels.com
Today's prices are not coming back!
In 2024, we will be increasing coaching service prices.
Sometimes individual sessions are very helpful to get past your investing concerns. Our readers asked us to create a coaching service. And we’re proud to say, that some of them even ditched their Financial Advisors, after experiencing the value we provide. Some of the topics we recently discussed include:
- How much money do I need to retire with higher inflation?
- Medium Term or Long Term Bonds with today’s yields?
- Risks and Returns of Money Market Funds
- Asset Allocation for 10-15 year goals with narrowing returns between Equities &Bonds
- Merits of UK Trusts that invest in unlisted companies
- Traps with choosing brokers – PFOF & Risks of moving to another country
- International Situations – Choosing ETFs when leaving Europe
From Bankeronwheels.com
Today's prices are not coming back!
In 2024, we Will be increasing coaching service prices.
Sometimes individual sessions are very helpful to get past your investing concerns. Our readers asked us to create a coaching service. And we’re proud to say, that some of them even ditched their Financial Advisors, after experiencing the value we provide. Some of the topics we recently discussed include:
- How much money do I need to retire with higher inflation?
- Medium Term or Long Term Bonds with today’s yields?
- Risks and Returns of Money Market Funds
- Asset Allocation for 10-15 year goals with narrowing returns between Equities & Bonds
- Merits of UK Trusts that invest in unlisted companies
- Traps with choosing brokers – PFOF & Risks of moving to another country
- International Situations – Choosing ETFs when leaving Europe
DESIGN YOUR LIFESTYLE
Personal Development
Having a strong connection with your future self has many benefits. It means you’re more likely to make decisions that will serve you later in life, like saving for retirement, eating healthily, and exercising regularly. But Hal also warns that we risk losing sight of the present and what truly matters when we focus solely on the future. To hear all of Hal’s knowledgeable insights on this topic and what he wants to explore next, be sure to tune in.
Health & Wellness
CAREERS
- Why changing your job may not increase your level of happiness (The Atlantic)
- What does a country's culture of work and productivity have to do with declining fertility rates (The Ringer)
- Co-working spaces aren't going anywhere (Axios)
- Google to crack down on office attendance (CNBC)
- Vision Pro and the Office - The Future of (remote) work? (Dror Pleg)
EARLY RETIREMENT
Travel
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.
TECH
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From Bankeronwheels.com
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Good Luck & keep’em* rolling!
(* Wheels & Dividends)
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
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Why Do Portfolio Managers Care About Factors? It’s Not What You Think.
Broker Cost Comparison Tool
Weekend Reading – Vanguard’s Strategies to Live Off Your Portfolio Without Draining It
Investing Is Simple, Like Riding A Bike (Book Review – Italian)
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