Weekend Reading – JP Morgan’s Guide To ETFs & Amundi Launches Cheapest U.S. Market ETF
If there is no struggle, there is no progress.
Featured
Becoming FREE – Part 2: An Alternative To FIRE (Financial Independence, Retire Early) (Banker on Wheels)
Bankeronwheels.com is dedicated to helping you become Financially Independent. But, some of our readers want to go even beyond that and target Early Retirement. They may be part of the Financial Independence, Retire Early Movement (known as “FIRE”). But beware, as the plan may back-FIRE (pun intended). Today, Romain gives his perspective on an alternative way of looking at Early Retirement. We hope it makes your journey easier.
Portfolio Construction
Asset Allocation
How to Think About Risk with Howard Marks (Oaktree Capital)
Oaktree co-chairman Howard Marks explores the true meaning of risk in a new ten-part video course. He delves into the intricacies of risk management and how investors should approach thinking about risk. Marks emphasizes the importance of understanding risk as the probability of loss and mastering the art of asymmetric risk-taking, where the potential upside outweighs the downside.
Understand Financial Markets
In this episode of Excess Returns, we sat down with Ed Yardeni, president of Yardeni Research and YardeniQuickTakes.com. Ed is one of the most accurate and respected Wall Street strategists, and we were excited to discuss his views on the economy, markets, and forecasting.
- Michael Mauboussin on Market Concentration, Capital Allocation & Attributes of Great Investors' (Meb Faber)
- Why Should You Care When Stocks Plunge? (Advisor Perspectives)
- Prof. Marco Sammon: How are Passive Investors Affecting the Stock Market? (Rational Reminder)
- How much do demographics impact the stock market? (Of Dollars and Data)
How To Invest
Active Investing
Factor Investing
- It's easier to forecast volatility and correlations than returns (Verdad)
- How Time Horizon Impacts the Efficacy of Investment Factors (CFA Institute)
- The Impact of Passive Investing on Short Sellers (CAIA Association)
- Rob Arnott on The Upside of Getting Dumped: Investing in Index Deletions (Meb Faber)
Discretionary Investing
Alternative Asset Classes
Wall Street
Bad Bets
ETFs
UCITS ETFs
Guide to ETFs (JP Morgan)
The "Guide to ETFs" by J.P. Morgan provides an in-depth overview of the global ETF landscape, including key data and trends. It explores the growth of ETFs, the rise of active management, and the role of fixed income ETFs. The guide highlights principles of ETF investing, tax efficiency, and trading best practices, offering insights into market conditions and strategies for investors.
Amundi launches Europe’s cheapest US equity ETF by TER in double launch (ETF Stream)
Amundi has extended its suite of equity ETFs with the launch of a US equity ETF for 3 basis points alongside an MSCI World ex-US exposure. The Amundi MSCI USA UCITS ETF (WEBH) and the Amundi MSCI World EX USA UCITS ETF (WEXE) are listed on the Deutsche Boerse with a total expense ratio (TER) of 0.03% and 0.15%, respectively. WEBH tracks the MSCI USA index, providing exposure to the performance of around 85% of the free float-adjusted market capitalisation in the US. WEXE tracks the MSCI World EX USA index, which captures 828 large and mid cap companies across developed markets countries excluding the US.
US ETFs
Wealth Management
Personal Finance
Which EU Countries are the Most Expensive? (Visual Capitalist)
Which EU countries are the cheapest, and which ones are the most expensive? In this graphic, we look at price differences across EU countries using data from Eurostat. Countries that are dark blue have the lowest relative prices to the EU average, while countries that are bright blue have the highest relative prices. Relative prices were determined by the currency needed to buy the same product volume in different countries, calculated using actual individual consumption of goods and services and the exchange rate in each country. Luxembourg has the highest prices among EU countries, at 52% higher than the EU average. In particular, education is pricier than anywhere else in the EU at 276% above average.
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Platforms
(Early) Retirement
Financial Advice
What Do Good Financial Advisors Cost in 2024? (Whitecoat Investor)
We recently had a discussion at our WCI business meeting about the cost of financial advice and how much is too much. For many years, I've told WCIers a few things about the cost of financial advice, including:Get good advice at a fair price. There is no price low enough for bad advice. If you pay via an Asset Under Management (AUM) fee, you need to calculate the fee each year. Good financial advice and service can be obtained for a four-figure amount per year (given inflation, perhaps this needs to be updated to <$15,000 per year). A 1% AUM fee is a great deal for someone with a five- or low six-figure portfolio but a terrible deal for someone with a mid-seven-figure portfolio
Design Your Lifestyle
Personal Development
Here is my brand-new conversation with Jerry Colonna, CEO and co-founder of Reboot.io, an executive coaching and leadership development firm dedicated to the notion that better humans make better leaders. He is the author of Reboot: Leadership and the Art of Growing Up and Reunion: Leadership and the Longing to Belong. Enjoy!
Careers & Entrepreneurship
Travel
Mystery Tour: Bikepacking Through Japan (Bikepacking.com)
Following a two-week bikepacking trip across Japan on a pair of State Titanium All-Road bikes, friends Jake Bleggi and Kyle Aldridge created “Mystery Tour,” a 26-minute video that shares the story of their immersive and occasionally hilarious time pedaling between Kagoshima and Tokyo with old and new friends. Watch it and find an introduction from Jake here…
Tech & Economy
Economy
Six ideas for Poland - Poland is a developed country. But it can still get richer. (Noahpinion)
A Polish podcaster recently asked me: “What do you think we need to do to escape the Middle-Income Trap?”. I laughed. “You escaped it years ago,” I said. “You’re a high-income country.” I wasn’t kidding. Poland’s economic rise has been among the world’s most remarkable. In 1991 it was a third as rich as countries like the UK, Japan, or Spain. But after three and a half decades of nearly uninterrupted growth, it’s almost as rich as those, and has already surpassed Portugal and Greece.
Tech & Science
And Finally
Inside Thailand's $2 Billion Scam Industry Now Targeting Americans (Newsweek)
The Chinese gangs taught me how to make my profile look credible, gain followers and post regularly. After finishing my training, I started identifying my victims through social media platforms like Facebook, Instagram and Line," said Narin, a 20-year-old from northern Thailand. This wasn't just an isolated incident but part of a troubling trend. Thailand leads Asia in scam calls and text messaging, with a staggering 78.8 million incidents reported since last year and $2 billion lost to such crimes in recent years.
Good Luck and Keep’em* Rolling!
(* Wheels & Dividends)
Weekend Reading – True Global Market Portfolio Composition & Why Positive Stocks/Bonds Correlation Is Fine
Easy (But Boring) Money: How To Reduce ETF Dividend Withholding Tax?
Your Battle Plan For The Next Market Chaos: Crafting a Rock-Solid IPS in 2026
Tools: ETF Fee Calculator
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