Weekend Reading – Global Shocks: How Do Stocks Perform?
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:
It may seem difficult at first, but everything is difficult at first.
Featured
Why Hold Bond ETFs Despite Price Rollercoasters (Banker on Wheels)
Everyone has an idea about how the stock market works, yet bond markets are widely misunderstood. Retail investors often label them as ‘uninteresting’—to put it mildly. However, bonds play an important role in the overall success of your investment strategy. In 2024, not only do they offer a juicy yield, but they may also act as a powerful weapon in your portfolio. Let’s explore a simplified Bond ETF calculator to get an intuitive sense of the upside and downside of Bond ETFs, and why keeping cash may not always be preferable.
Portfolio Construction
Asset Allocation
Asset class performance during the recent inflation spike (Verdad)
Three years ago, we wrote a timely, weekly research piece on inflation, which explored our views on which asset classes tend to perform best in high-inflation environments. We thought it would be worth revisiting how those results compare with our initial findings.
Read more on Verdad
How do stocks do after major events? (Carson Group)
The escalating tension between Israel and Iran has many investors worried about what could happen next. Although we won’t pretend to know the answer, we do understand that while geopolitical events can cause near-term market volatility, they rarely cause major problems for markets longer term. We don’t want to minimize the events overseas, but we hear this question frequently, so we reviewed 40 major historical geopolitical events to determine the market impact. While some of these events caused recessions and likely hurt overall returns, in many cases stocks did just fine.
Read more on Carson Group
UNDERSTAND FINANCIAL MARKETS
Valuation Multiples: What They Miss, Why They Differ, and the Link to Fundamentals (Morgan Stanley PRIMER)
Aswath Damodaran likes to distinguish between “pricing” and “valuing” companies. Pricing a company generally means assigning a multiple to a measure of current or prospective
earnings or cash flows, and that multiple can vary based on the market’s mood. Valuing a company involves estimating the present value of future free cash flows and requires study of the firm’s fundamentals. Damodaran argues that most investors spend their time pricing
rather than valuing businesses.
Read more on Morgan Stanley
HOW TO INVEST
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Active Investing
FACTOR investing
Factor Investing Is Dead, Long Live Factor Investing! (Finominal)
discretionary investing
ALTERNATIVE ASSET CLASSES
WALL STREET
As I often remind subscribers to Faster, Please!, predictions are hard, especially about the future. The economic boom of the 1990s came as a surprise to most economists. Equally surprising was that it ended so soon. Some forecasters, Yardeni included, anticipated a new Roaring ’20s for this century… only to be interrupted by the pandemic. But is it too late for this prediction to become a reality? According to Yardeni, not at all.
SUSTAINABLE investing
BAD BETS
- Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud (BBC)
- The biggest bank heist in history (and why you've never heard of it) (The Economist - 19 Min)
- 15 Stocks That Have Destroyed the Most Wealth Over the Past Decade (Morningstar)
- Dave Portnoy: A journey of investing starting in 2019 until now. (unusal whales)
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ETFs
UCITS ETFS
New UCITS ETF launches
| # | ETF | TER | ISIN |
|---|---|---|---|
| 1 | Amundi Prime All Country World UCITS ETF | 0.07% | IE0009HF1MK9 |
| 2 | Xtrackers MSCI World ex USA UCITS ETF 1C | 0,16% | IE0006WW1TQ4 |
| 3 | AMUNDI PRIME USA UCITS ETF Acc | 0,05% | IE000FSN19U2 |
| 4 | AMUNDI PRIME USA UCITS ETF Dist | TBC | IE000IEGVMH6 |
Overview of the US and European ETF markets by leading Issuers. (ETFBook)
ETF Book Provided an updated overview of the US and European ETF markets by leading Issuers. US ETF market: AUM $7.96 trillion – European ETF market: AUM $1.81 trillion. iShares is leading in the US, but Vanguard is closing the gap. In Europe, iShares is much more dominant.
US ETFs
Charles Schwab eyes UK rollout for US-domiciled ETFs (FT.Com, Click On First Link)
BlackRock has expanded its fixed-maturity iBonds range with the launch of US and Italian government bond ETFs. The iShares iBonds Dec 2027 Term $ Treasury UCITS ETF (27IT) and the iShares iBonds Dec 2029 Term $ Treasury UCITS ETF (29IT) are listed on Euronext Amsterdam with total expense ratios (TERs) of 0.10%. 27IT and 29IT track the respective 2027 and 2029 maturities of the ICE Maturity US Treasury UCITS indices which offer exposure to US Treasuries that mature on a defined date.
Read more on ETF Stream
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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Interactive Brokers
EXCELLENT
4.6
/5
Pros:
- One of the most sophisticated brokers
- Strong Reputation
- Very competitive fees
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.
Wealth Management
Personal Finance
The Truth About €1 Million Broker Guarantees (Banker on Wheels)
This is part 4 of Bankeronwheels.com Definitive Guide to choosing a Stock Broker.
In part 3 of our ultimate guide to choosing a Stock Broker, we explained why in the EU, Broker protections are inadequate. Certain brokers subscribe to a private insurance to provide a higher protection level.
Today, let’s look at what these protections are really worth.
Broker REVIEWS
Halifax Share Dealing Review – Similar To Lloyds With SIPP On Top (Banker on Wheels)
Our take: Halifax is an old school yet cost-efficient platform for regular investors with good ETF availability. It is an excellent option for investors wanting to sleep tight given the standing of the Lloyds Banking Group in the UK. As a plus compared to Lloyds Share Dealing (its brother), offers SIPPs and a mobile app that it is opened to every one. Our assessment: Halifax Brokerage business scores 4.0 on an absolute basis, given the support of the systemically important bank and competitive fees for regular investing.
Early Retirement
Health & Wellness
CAREERS & Entrepreneurship
When most investors think of due diligence, they think of sifting through years of financial statements and crunching numbers to better understand a company’s potential. Not many people think about interrogating senior executives and employees, and asking the right questions to figure out whether they’re telling the truth about the business model.
DESIGN YOUR LIFESTYLE
Travel
GranGuanche: Two Friends Chasing Ferries (Bikepacking.com)
Allan Shaw and Jenny Tough recently teamed up for their first ultra-distance bikepacking event as a pair, racing side by side in the 2024 GranGuanche Audax Gravel in Spain’s Canary Islands. In this piece, Allan shares his perspective on chasing ferries across five islands together and reflects on how racing in a pair differs from going it alone. Find his story and a set of 35mm film photos here…
Read more on Bikepacking.com
Personal Development
Live 10th Anniversary Random Show with Kevin Rose. As many listeners know, Kevin was my very first guest for episode 1, way back in April 2014.
We explore What’s Next, Testing Ozempic, Modern Dating, New Breakthrough Treatments for Anxiety, Bitcoin ETFs, Mike Tyson vs. Jake Paul, and Engineering More Awe in Your Life
The achievement society is burning us out, we need more play (Psyche)
Tristan Bogaard’s latest video is a meditative tribute to the beautiful new 600-kilometer Of Resilience and Hope bikepacking route in rural Spain and the challenges and opportunities designer Ernesto Pastor aimed to bring to light in creating it. Find the calming six-minute video with an introduction by Tristan here…
Words, photos, and video by Tristan Boggard.
Read more on Bikepacking.com
Tech & Economy
economy
Is Britain Falling Behind? (Patrick Boyle - 28 Min)
Einstein was wrong about black holes, what else?Einstein was skeptical about the existence of black holes, as his theory of general relativity predicted them but he doubted nature would actually form such extreme objects. His theory also did not anticipate the discovery of dark energy, another major cosmological finding. Additionally, Einstein rejected the randomness of quantum mechanics, famously criticizing it with his quote, “God does not play dice,” which has since been challenged by developments in quantum physics that confirm the inherent uncertainty and probabilistic nature of the subatomic world.
TECH AND SCIENCE
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.
And finally
Something Strange Happens When You Follow Einstein's Math (Veritasium - 37 Min)
Einstein was wrong about black holes, what else? Einstein was sceptical about the existence of black holes, as his theory of general relativity predicted them but he doubted nature would actually form such extreme objects. His theory also did not anticipate the discovery of dark energy, another major cosmological finding. Additionally, Einstein rejected the randomness of quantum mechanics, famously criticizing it with his quote, “God does not play dice”.
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
Explain It To A Golden Retriever – A Review Of Global ETFs
HSBC Direct Invest Review – Where ETFs Park, Not Trade – High Fees Alert!
IG Review: Good For Traders, But Investors Might Spin Their Wheels!
Barclays Smart Investor Review: Not A Smart Choice.
Weekend Reading – Can you afford to retire early?
Banker’s Paradise: Two Easy Ways To Fool Investors
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