Weekend Reading – IBKR Merger: Are You Affected?
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:
Recession is when a neighbour loses his job. Depression is when you loose yours
INVEST WISELY
CONSTRUCT YOUR PORTFOLIO
Interactive Brokers Merger - Are you impacted? (Bankeronwheels.com)
Interactive Brokers is shaking things up, merging its EU operations and moving everyone to its Irish entity, IBIE.
What does it mean for your portfolio protection? Here is what we know so far, and our interpretation of the changes.
UNDERSTAND FINANCIAL MARKETS
Index funds don't give you average returns. They almost guarantee you'll be in the top quartile or decile over the long run (SPIVA)
The new SPIVA report shows how outperforming the market has been next to impossible over the past 2 decades. As can be inferred, across multiple category of fund types, the % of funds underperoming their benchmarks on a 10 to 20 year horizon is consistently high and only gets worse the more you benchmark against the 20 year hurdle.
Read more on SPIVA
HOW TO INVEST
Active Investing
FACTOR investing
discretionary investing
Valuation Masterclass w/ Aswath Damodaran (We Study Billionaires - 1 hr)
Clay is joined by Aswath Damodaran who is widely referred to as the dean of valuation. The discussion focuses on whether recent technological advances should lead us to think about investing differently than in years past, the role intangible assets play into valuation, his approach to determining which companies he wants to dive in and research plus alot more!
ALTERNATIVE ASSET CLASSES
WALL STREET
BlackRock's Fink on Bonds, US Recession, Election (Bloomberg - 36 min)
BlackRock CEO Larry Fink discusses the outlook for bond markets, merger and acquisition opportunities, the US economy and the presidential election. He speaks with Bloomberg’s Dani Burger at the Berlin Global Dialogue forum.
SUSTAINABLE investing
crypto
BAD BETS
The fake genius: a $30b fraud (James Jani - 1 hr 5 min)
Sam Bankman-Fried was supposed to be a billionaire genius running the world’s largest Crypto exchange: FTX. In only a few weeks, his $32B empire crumbled, leading to his arrest. In this video, we unravel one of the decade’s most significant cases of financial fraud.
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ETFs
UCITS ETFs
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
- Quick Win: How I Invested to Pay for a Big Holiday (Morningstar)
- Fighting My Spending Monster Feels Good (Morningstar)
- How UK inheritance tax compares internationally (FT.com, click on the first link)
- Ryan Reynolds Sells 2 Companies For Nearly $2 Billion In Less Than 4 Years And Says: 'You Can't Be Good At Something Unless You're Willing To Be Bad'— A Lesson In Risk-Taking For All (Yahoo Finance)
- UK: Dilemma for Muslim homebuyers compelled to pay a high price for loans (Guardian)
Early Retirement
How Sequence-Of-Inflation Risk Impacts Retirees Beyond Just Sequences Of Returns (Kitces)
About 3 decades ago, a shift began in financial planning from modelling investment returns as constant, using straight-line appreciation and time-value-of-money calculations, to variable and uncertain, using historical or Monte Carlo simulations. This was an important step that allowed financial advisors to take sequence-of-returns risk seriously. However, somehow inflation got left out of this evolution in planning analytics.
Read more on Kitces
FINANCIAL PRODUCTS
COST OF LIVING
Ranked: 15 of the World’s Least Affordable Housing Markets (Visual Capitalist)
When considering where to live, big cities are attractive to people for a number of reasons, but affordability is usually not one of them.
This map, using data from Demographia, highlights the major cities ranked the worst for housing market affordability on a global basis.
Read more on Visual Capitalist
OUR Community
Question of the week
DESIGN YOUR LIFESTYLE
Personal Development
Shane Parrish is the entrepreneur and wisdom seeker behind Farnam Street. Shane’s popular online course, Decision by Design, has helped thousands of executives, leaders, and managers around the world learn the repeatable behaviors that improve results. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and Forbes. Join In for an insightful conversation in personal development.
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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.
Health & Wellness
CAREERS
- Visualizing the Most Sought-After Entry Level Jobs in 2023 (Visual Capitalist)
- UK millennials are shunning overtime and excess work stress, and focusing more on loved ones and personal fulfilment (Guardian)
- As record numbers of people over 50 work part-time, three who have reduced their hours explain why (Guardian)
- Bill Ackman has employees in the office five days a week but makes an intriguing remote work concession (Fortune)
TECH AND SCIENCE
First Interview In the Metaverse (Lex Fridman Podcast - 1 hr 5 min)
Mark Zuckerberg joins the Lex Fridman Podcast for an innovative experiment – an interview in the metaverse. The discussion focuses on the metaverse, Quest 3, the role of AI in the metaverse and large language models
Travel
CYCLING TIBET – Spiritual, and Ballistic. (Bankeronwheels.com)
Raph has travelled the world with his bike in tow & it is nstural for him to be asked numerous questions related to his adventures. “What did you think of China?” is one of these questions. The answers are complex but a day from his life on the bike can give you some flavour. The highlight of this trip to China is without any doubt the Qinghai Province. Logistically, China was also the most challenging country on a bike. Here is why.
From Bankeronwheels.com
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miscellaneous
Which Companies Own the Most Satellites? (Visual Capitalist)
Nearly 7,000 satellites orbit the Earth, serving vital functions such as communication, navigation, and scientific research. In 2022 alone, more than 150 launches took place, sending new instruments into space, with many more expected over the next decade.
But who owns these objects? This graphic seeks to answer that question utilizing data from the Union of Concerned Scientists to highlight the leaders in satellite technology.
Read more on Visual Capitalist
OUR Community
Last Week We asked you
How would you describe your current life situation?
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Thank you for reading.
Good Luck & keep’em* rolling!
(* Wheels & Dividends)
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
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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.
