Weekend Reading – Invesco launches Europe’s Cheapest FTSE ALL-World ETF
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
There are only two kinds of investors: those who don’t know where the market is headed, and those who don’t know that they don’t know. Then again, there is a third kind: those who know they don’t know, but whose livelihoods depend on appearing to know.
INVEST WISELY
CONSTRUCT YOUR PORTFOLIO
Your Stock Picking Cousin Doesn't Stand A Chance (Bankeronwheels.com)
Trying to beat the market is an entertaining activity. There are two ways to go about it – picking individual stocks, or letting Portfolio Managers bet for you. But over the past 18 months, stock pickers stepped on a many landmines. What’s the potential damage if you pick a losing stock? Especially if you do it in an overheated market? How difficult is active investing? Here are nine charts showing why you will outperform your stock-performing friends in the long run.
- Invesco launches Europe's cheapest FTSE All World ETF
- Minefields and Menaces: 10 Risks That Never Go Away (Morningstar)
- 5 steps to a minimalist portfolio (Morningstar)
- Bond yields are all the rage, but how risky is it to choose fixed income? (Morningstar)
- Warren Buffett explains why passive investing is a winning strategy (Morningstar)
- How will AI impact your portfolio? (Peter Lazaroff - 12 min)
- Is passive investing better than active investing? A critical review. (Alpha Architect)
UNDERSTAND FINANCIAL MARKETS
'Rate rises erode investors’ incentive to hold US companies’ shares' is the wrong conclusion
This chart from the FT has been widely shared over the past week. But does it really erode investors’ incentive? We don’t think this is the correct conclusion and a short-term mindset. For individual investors, this is like comparing apples to oranges, as these assets have different goals in a portfolio.
Read more on FT
- How Cheap (or Expensive) is the Stock Market Right Now? (A Wealth of Common Sense)
- In conversation with Dr. William Sharpe - Capital Asset Pricing Model & More (Bogleheads - 46 min)
- Defensive Investing: Guard your capital in uncertain times (Pension Craft - 21 min)
- In investing, small hinges swing big doors. (Fortunes & Frictions)
- Hidden Forces - Astrology, Hypnosis and "Solving" the Stock Market. (Sapient Capital )
HOW TO INVEST
Active Investing
FACTOR investing
- Factor Investing for retirement with DFA's Mathieu Pellerin (Excess Returns - 56 min)
- Assessing alternative value metrics (Dimensional Funds)
- Value vs. Growth - The opportunity today (GMO)
- Does size matter? (Alpha Architect)
- Trend & Carry within assets, across assets and over time (Flirting With Models - 55 min)
- Improving Performance by Avoiding Negatives of Index Replication (Alpha Architect)
- Trend following ability to deliver positive long-run returns and perform well in both growth- and inflation-driven bear markets (AQR)
discretionary investing
ALTERNATIVE ASSET CLASSES
WALL STREET
The Podcast Stars Author Scott Patterson who reviews his new book – Chaos Kings.
The book chronicles the story of the hedge fund that achieved average annual returns of over 105% from 2008 through 2019, and how Bill Ackman had a $27 million dollar bet that turned into over $2.6 billion.
SUSTAINABLE investing
crypto
BAD BETS
- Tactical allocation funds of funds would have earned twice as much if their managers didn’t trade over the past decade. (Morningstar)
- Investors who try to time the market in search of better returns often end up damaging their results. (Humble Dollar)
- Zero Day Options: The risks and returns of selling lottery tickets (Verdad)
Stocks
- Seeking Persistent Growth in Technology Investing with Deepwater’s Gene Munster and Doug Clinton (Excess Returns - 56 min)
- Nvidia joins the trillion dollar club - Visualisation (Visual Capitalist)
- The AI Arms Race - Who's Winning? (Morningstar)
- Apple's new headset won't bag millions of customers (Morningstar)
- Can Chat GPT help you read financial statements? (Alpha Architect)
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PERSONAL FINANCE
Wealth Management
Michael Kitces is one of the industry’s leading experts on all things financial advice and financial planning. In this live episode recorded at Wealth Management EDGE, Michael explains the evolution of financial advice and how AI might impact the profession going forward. Listen now and learn: The evolution of financial advice from the 1960s to present Ways consumers benefit from financial advisors moving up the value chain How AI might impact the financial advice profession
EARLY RETIREMENT
- Couple achieve FIRE with $4.3mn but can't seem to enjoy it (Ramit Sethi - 1 hr 18 hr)
- Toxic Frugality & Financial Independence (Life Outside The Maze)
- Financial independence is not just about money. It is about control of your time and having the option to stop trading time for money. (Rational Walk)
FINANCIAL PRODUCTS
COST OF LIVING
OUR Community
Question of the week
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DESIGN YOUR LIFESTYLE
Personal Development
The hollywood actor talks about the philosophy behind his bestselling memoir Greenlights, how he aims to help teach people unique ways improve their lives with his new course: Roadtrip – the Highway to More, what he learned from his recent terrifying flight experience, why being truly selfish is actually selfless, how he strikes a balance between living an exciting life and spending quality time with family, and more.
- Life Design, In Progress - in conversation with Giorgio Ugazio (Mr. RIP) (Rational Reminder - 57 min)
- 71-year-old shares the 22 ‘most useful’ life lessons for young people—‘how much to tip’ and handling ‘rude people (CNBC)
- There comes a time when you realise you are not in control. You never really were. Control was an illusion. (Indeedably)
- The Beauty Of Enough (Tony Isola)
- Compounding Optimism (Collab Fund)
- Stealth Wealth Secrets: 10 Tips for Living a Rich Life in a Low-Key Manner (Yahoo Finance)
Health & Wellness
CAREERS
Ranked: The Cities with the Best Work-Life Balance in the World
While some careers can be relatively stress-free, maintaining a healthy work-life balance can seem impossible for many.
The easy access to technology, blurred boundaries around work and personal time, and fear of job loss push many to work overtime, and fail to use vacation time or sick leave.
However, in some cities across the world, the situation is very different. In top-ranked locales, companies offer working professionals an opportunity to maintain a work-life balance through good healthcare, ample vacation time, and so on.
Read more on Visual Capitalist
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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.
TECH
While many people are familiar with ChatGPT, its founder Sam Altman also co-founded Worldcoin, which aims to mitigate AI risks.
Enter: The Orb, an eyeball-scanning device that could provide everyone with a unique personal identifier. Think a global social security number, except you never have to share what it is with anyone.
Travel
Diving deep into the necessary credit cards and travel points plus loads of helpful information you can use when planning your next trip!
Whether its learning to book early and play around with the sites mentioned on the episode, or allowing flexibility to mitigate the stress of traveling, this is a great conversation for those learning to take advantage of what their travel points can offer.
From Bankeronwheels.com
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(* Wheels & Dividends)
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Halifax Share Dealing Review – Similar To Lloyds With SIPP On Top
Lloyds Share Dealing Review – Old School But Ticks The Boxes For Golden Retrievers
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