Weekend Reading - Taking Control of Your Finances with a Net Worth Statement
Weekend Reading is a periodic 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.
TYPE OF CONTENT
- Recommended Reading
- Youtube
- Podcast
- Academic Research
- Twitter Thread
This Week's Quote
Extravagance is its own destroyer.
INVEST WISELY
This 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.
CONSTRUCT YOUR PORTFOLIO
- A personal net worth statement is a good starting point to constructing your portfolio (Morningstar)
- The Divergence of Views Between Academics & Financial Gurus on personal finance (FT.com - Click on first link)
- The Changing Stock / Bond Correlation (Journal of Portfolio Management, Paywall)
- Bond ETF demand soars (ETF Stream)
HOW TO INVEST
- Asset Managers & Their Investors Want Different Things (The Evidence Based Investor)
- A Random Walk Down Wall Street Book - 50 Years On with Dr. Burton Malkiel (Peter Lazaroff, 1h)
- The Investment Clock (Pension Craft, 11mins)
- We can't predict the future (The Better Letter)
- 5 Behavioural Tricks for Long Term Investors (Validea)
- Death To Dividends (Humble Dollar)
UNDERSTAND FINANCIAL MARKETS
Prof. Robert C. Merton: ICAPM, Retirement, and Models in Finance (Rational Reminder - 2 hrs)
Professor Robert C. Merton is the Distinguished Professor of Finance at The Massachusetts Institute of Technology (MIT) Sloan School of Management and Professor Emeritus at Harvard University. He also created the Intertemporal Capital Asset Pricing Model (ICAPM), a popular tool to help advisors make informed financial decisions and understand market trends. In the conversation, RR covers portfolio theory, moving from Capital Asset Pricing Model (CAPM) to the Intertemporal Capital Asset Pricing Model (ICAPM), and how financial models work.
ACTIVE INVESTING
This 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.
FACTOR & Thematic investing
In conversation with Andy Berkin on Factor Investing (Excess Returns - 1h)
In this episode, we speak with Andy Berkin, Head of Research at Bridgeway and co-author of “Your Complete Guide to Factor Investing: The Way Smart Money Invests Today.” We cover a wide range of factor investing topics, including the future of value investing, composites vs. individual metrics, the different approaches to multi-factor investing and factor timing.
STOCKS
SUSTAINABLE investing
This section is about 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 the our definitve guide to sustainable investing.
Sustainable Investing vs. Sin Stocks - The Showdown
Over the past century, Sustainable Investments did not outperform. Sin Stocks did.
But Sustainable funds may temporarily outperform, as they’ve done from 2018 to 2022.
This outperformance is due to two reasons. First, they are over-exposed to large-cap and growth factors. Second, ESG was, until recently, very trendy. Investors developed a taste for sustainability.
ALTERNATIVE ASSET CLASSES
FROM WALL STREET
crypto & blockchain
REMINDERS TO PUNT RESPONSIBLY
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Book a coaching session
Beginners often ask us:
- How do I reach my goals – What investments do I need to take into consideration when e.g. Taking a Sabbatical, buying a House or saving for Early Retirement?
- When should I invest – I fear that investing a lump sum in this market may have a negative impact on my returns. How can timing of buying ETFs affect my performance?
Advanced investors may avoid costly mistakes:
- Challenge my Portfolio – Here is my portfolio – what am I missing? What could derail my strategy? What can I do to protect my portfolio from shocks?
- Help me quickly understand – What makes Inflation Linked Bonds outperform? Bond Ladder or Bond ETFs? Why do some investors add Small Cap Value stocks to their portfolios? How can I exclude Tobacco companies from my portfolio? Are the synthetic ETFs I screened safe? What is Factor Investing?
Our Introductory Price Levels will end soon. Book your session before new prices apply.
By signing up for a financial coaching session you support our website and our investment research. Here are other ways to help.
DIVE DEEPER - BOOKS & MOVIES
In the Book review section we rate some of the most relevant resources related to Financial Independence, Personal Finance and Investing. Browse All Book and Video Reviews.
15 Years On, We Fall For The Same Tricks – Madoff: The Monster of Wall Street On Netflix (Review)
The 2023 Netflix docuseries Madoff: The Monster of Wall Street dives into the largest Ponzi scheme in history, worth $64.8 billion.
Although the Madoff madness stopped in late 2008, today’s investors still fall for the very same tricks.
What exactly can we learn from this series?
Let’s have a closer look.
PERSONAL FINANCE
This section is dedicated to UK and European Products. It can also touch on other European jurisdictions outside the Euro-zone.
FINANCIAL PRODUCTS
COST OF LIVING
DESIGN YOUR LIFESTYLE
This section is dedicated to the ‘Why’ of Investing, trends or career choices.
LIFESTYLE
- Key Insights From The Longest Study On Happiness (Art of Manliness - 47 Min)
- The art and science of spending money (Collab Fund)
- Debunking 10 of the biggest health beliefs (Guardian)
- Prolonged Sitting is Dangerous. Here's how to counter it (The Conversation)
- Changing your personality, one step at a time (Wall Street Journal) [Paywall]
- Why News Is Sub Optimal Information Intake (Hartej Singh)
EARLY RETIREMENT
CAREERS
TECH & ECONOMY
James Clear, Atomic Habits — Mastering Habits, Growing an Email List to 2M+ People (2hrs)
James Clear (@JamesClear) is a writer and speaker focused on habits and continuous improvement. He is the author of the #1 New York Times bestseller Atomic Habits, which covers easy and proven ways to build good habits and break bad ones.
miscellaneous
- The things you own cannot own you (The daily stoic - 8 min)
- Talking to Children About Money (The Money Takes)
- Investing in a Rolex 10 years ago would be a far better investment compared to investing in the stock market (Barrons)
- Why humans walk weird (Wired)
- When to Pack Your Bags for The Cherry Blossom Season (Sora News)
- Being Filthy Rich Through The Ages (Big Think)
- The World's 10 Most Innovative Countries (Visual Capitalist)
FROM OUR TEAM
This website was created to provide you with all necessary resources to invest without incurring any additional costs.
Servers, data, and software are some of our costs, just to name a few. Most importantly, our time is the main resource to create great content. If you find that our guides helped you on the path to financial success, you may give us a hand by buying a coffee.
By buying us a coffee you support our website and our investment research. Here are other ways to help.
FROM OUR TEAM
This website was created to provide you with all necessary resources to invest without incurring any additional costs.
Servers, data, and software are some of our costs, just to name a few. Most importantly, our time is the main resource to create great content. If you find that our guides helped you on the path to financial success, you may give us a hand by buying a coffee.
By buying us a coffee you support our website and our investment research. Here are other ways to help.
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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.
