Weekend Reading – Vanguard’s Strategies to Live Off Your Portfolio Without Draining It

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:

You want a strategy that accomplishes 2 often-competing goals: 1) having enough money to support your desired lifestyle, and 2) ensuring there's enough left for the future. We've got a strategy that can help you with both.

INVEST WISELY

CONSTRUCT YOUR PORTFOLIO

A comprehensive guide to different retirement withdrawal strategies (Vanguard)

With lots of talk about withdrawal rates this week, let’s go back to basics. What options do you have? Vanguards provides a deep dive into:

  • Percentage-of-portfolio strategy
  • Fixed-dollar withdrawal strategy
  • Fixed-percentage withdrawal strategy

Ignore the noise, look at serious research.

Read more on Vanguard

Ranking the Credit Ratings of Major Economies (Visual Capitalist)

Country credit ratings assess the likelihood that a country will default on its debts, and are determined by international rating agencies like Standard & Poor’s (S&P), Moody’s, and Fitch Ratings.

Generally speaking, a higher rating results in lower borrowing costs for the country, while lower ratings can increase costs or even limit access to capital.

This graphic from The Hinrich Foundation shows the credit worthiness of 28 major economies, using an index of ratings from the three agencies mentioned above

Read more on Visual Capitalist

UNDERSTAND FINANCIAL MARKETS

Why the global economy & markets can continue to outperform in 2024 (Goldman Sachs - 29 min)

Listen also on:

Goldman Sachs’ Jan Hatzius, the firm’s chief economist and head of Goldman Sachs Research, and Dominic Wilson, senior advisor in the Global Markets Research Group, discuss their outlook and the findings from their recently published 2024 macro outlook entitled, The Hard Part is Over.

HOW TO INVEST

Investing is simple- like riding a bike (Italian Book Review) (Bankeronwheels.com)

To many cycling enthusiasts, the bicycle embodies freedom and equality. Similarly, the art of wise investing resonates with freedom, simplicity, and accessibility. With the democratisation of knowledge, the possibility of attaining financial freedom is within reach of many. Establishing a portfolio is swifter than learning to cycle. The challenge, however, lies in tailoring your portfolio to suit your unique financial journey. This is where Lorenzo Biagi’s new book could be of help.

[Read our article]

Active Investing

FACTOR investing

Has the quality of small-cap equities declined over time? (Verdad)

Jeff Burton at Furey Research recently published a piece titled “The Death of Small Cap Equities,” highlighting the underperformance of small-cap stocks and the deterioration in the quality of the Russell 2000 index over the last 40 years. Here’s Verdad’s take

Read more on Verdad

discretionary investing

Concern over Market Valuations (Dimensional Funds)

Aggregate stock market valuation ratios have not been strong predictors of broad market returns. And yet, high stock valuations sit near the top of concerns cited by investors about the state of equity markets. However, this perception stems from a subset of stocks, and investors should be careful not to throw the baby out with the bathwater by ascribing this characteristic to the global stock market.

Read more on Dimensional Funds

ALTERNATIVE ASSET CLASSES

WALL STREET

Stanley Druckenmiller: The Government Needs To Stop Spending Like Drunken Sailors (CNBC - 7 min)

Stanley Druckenmiller, Duquesne Family Office chairman and CEO, joins ‘Squawk Box’ to discuss the state of the U.S. economy, Treasury Secretary Janet Yellen’s ‘big blunder’ of not issuing more long-dated Treasurys when interest rates were low, government spending and the impact on the national debt, market outlook, the Fed’s inflation fight, and more.

SUSTAINABLE investing

crypto

BAD BETS

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Spread the Golden Retriever Wisdom Across Europe & the UK 😎

Banker On Wheels is 4 years old! To celebrate our anniversary we have launched the official merchandise store – Shop.Bankeronwheels.com. You can now get your favourite Golden Retriever, or your factor tilt on a coffee mug or a T-Shirt while supporting our cause!  All profits are reinvested into creating more educational content. Alternatively, you can also buy us a coffee. Thank you for all your support ❤️

ETFs

State Street to offer Europe’s cheapest S&P 500 ETF after drastic fee cut (ETF Stream)

State Street Global Advisors (SSGA) is set to offer the cheapest ETF in Europe after slashing the fees on its S&P 500 product by two-thirds.

Effective 1 November, the $5.5bn SPDR S&P 500 UCITS ETF (SPY5) will see its total expense ratio (TER) cut from 0.09% to 0.03%, the cheapest S&P 500 ETF on the European market, undercutting the Invesco S&P 500 UCITS ETF (SPXS) and its 0.05% TER.

Read more on ETF Stream

Robeco is stepping into the European ETF market with a focus on active funds. The Dutch asset manager, which has €181bn assets under management, is planning to launch its first UCITS ETFs in Q2 2024. [FT.com]

Xetra has seen the launch of 3 new fixed income ETFs by the German asset management group DWS. The ETFs provide ultra-short-duration exposure to bonds from issuers of Eurozone sovereigns. All the ETFs have a 0.07% fee. [ETFStrategy.com]

US ETFs

BlackRock is set to launch ten ETFs focused on Treasury inflation-protected securities (TIPS). Ranging in maturity from 2024 to 2033, these ETFs will seek to provide inflation protection to investors concerned with erosion of purchasing power. The new TIPS-defined maturity bond ETFs will carry an expense ratio of 0.1%. [ETF.com]

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Wealth Management

Personal Finance

Early Retirement

FINANCIAL PRODUCTS

COST OF LIVING

OUR Community

Question of the week

[democracy id="2"]

DESIGN YOUR LIFESTYLE

Personal Development

How to master the difficult art of receiving & giving feedback (The Tim Ferriss Show - 2 hr 12 min)

Sheila Heen has spent the last three decades working to understand how people can better navigate conflict, with a particular specialty in difficult conversations. She is a founder of Triad Consulting Group, a professor at Harvard Law School, and a co-author of Thanks for the Feedback: The Science and Art of Receiving Feedback Well (even when it’s off base, unfair, poorly delivered, and, frankly, you’re not in the mood).

Health & Wellness

CAREERS

10 Stoic Steps To Being A Better Leader (The daily stoic - 16 min)

Seneca thought he knew Nero. He was confident in his ability to teach or contain or even control him. Other Stoics knew better.

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Interactive Brokers

EXCELLENT

4.6

/5

Our interactions with hundreds of investors revealed two trends: Index investing forms the backbone of their portfolios, and Interactive Brokers emerges as the go-to platform for a majority of investors.

Pros:

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 AND SCIENCE

In conversation with Elon (Lex Fridman Podcast - 2 hr 17 min)

Elon Musk on War, AI, Aliens, Politics, Physics & Humanity

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.

🎁 In the first email, you can download a FREE comprehensive 2-page checklist to construct & monitor your portfolio and clean up your personal finances.

miscellaneous

Visualizing the Pyramid of Global Wealth Distribution (Visual Capitalist)

Who controls global wealth?

In 2022, the world’s millionaires held nearly half of net household wealth. Decades of low interest rates led equities and real estate values to soar, and these assets are disproportionately held among the world’s wealthiest.

While a steep rise in interest rates decreased these fortunes in 2022, the share of wealth controlled by the global millionaire population remains substantial.

Read more on Visual Capitalist

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