Weekend Reading – Don’t Buy ETFs When The Market Opens
- Recommeded Reading
- Youtube (Required watch time)
- Podcast (Listening Time)
- Academic Research - May require intermediate/advanced knowledge
- Noteworthy Twitter Thread
There are people who have money and people who are rich
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
HOW TO INVEST
UNDERSTAND FINANCIAL MARKETS
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. This section also includes 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 our definitive guide to sustainable investing.
FACTOR & Thematic investing
STOCKS
The Top 20 stocks in the S&P 500 contribute the most to its YTD return
The total return of the S&P 500 YTD is 7.55%, and the top 20 stocks have contributed to 7.08% of that! This is despite the fact that they are under 30% of the weight of the S&P 500. Of the top 20, particular heavy lifters include Apple, Microsoft and NVIDIA, contributing 1.49%, 1.15%, and 1.00% respectively.
Despite difficulties the tech industry has recently been facing, with highly publicised layoffs, these companies still clearly dominate in the S&P 500 both by weight and contributions to return. In fact, looking at the top 20, only 4 are not a part of the information technology sector.
Read more on Geniune Impact
SUSTAINABLE investing
ALTERNATIVE ASSET CLASSES
WALL STREET
The corporate raider throwing Stones from his own glass house
Until this week Icahn Enterprises had a market capitalisation of around $18bn, more than triple the reported net value of its assets. These include majority ownership of energy and car companies, in addition to an activist-investment portfolio. On May 2nd Hindenburg Research, a short-selling outfit founded in 2017 by Nathan Anderson, accused Icahn Enterprises of operating a “Ponzi-like” structure. Icahn Enterprises has shed more than a third of its market value since Hindenburg released its report.
Read more on Hindenburg Research
crypto
BAD BETS
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Beat Most Investors with our ETF Master Guides
Here are the first three ETF Master Guides:
- Get Rich, Slowly but Surely – We designed Equity ETF selection frameworks and then picked the best funds in each category, so you don’t have to.
- Become a Passive Investing Ninja – Have no mercy for Financial Institutions. Cut TERs, Taxes, FX Fees and Invisible Costs.
- Don’t get fooled by Wall Street – Hardly anyone understands Sustainable Investing. ESG Ratings are not designed to protect the planet. Adjusted for risk, ESG ETFs will also inevitably underperform. But there are ways to invest Sustainably.
PERSONAL FINANCE
This section is dedicated to UK and European Products. It can also touch on other European jurisdictions outside the Euro-zone.
Wealth Management
How To Get Rich - Netflix Series Review (Bankeronwheels.com)
In Personal Finance, what one would consider Common Sense Is relatively Uncommon. The Netflix Series “How to Get Rich” is based on Ramit Sethi’s work, including the New York Times Best Seller Book “I Will Teach You To Be Rich”. Today, we look at why most people are so bad at managing their finances and where you and your loved ones can start to change it. With this series, we are also glad to see Index Investing hitting Netflix in a big way.
- Taking control of your finances while being in a variable income Job (ChooseFI)
- Q and A with Mr. Money Mustache
- 40% of people regret buying their car. Find out why (Rachael Camp)
- When it comes to money, there are always more than 2 choices (Advisor Perspectives)
- How to avoid the inheritance disasters seen in US drama Succession (Trust Net)
FINANCIAL PRODUCTS
- Vanguard UK retail platform hits 500,000 users amid low-cost passive boom (ETF Stream)
- UK: Investors swell money market funds (FT.com - click on the first link)
- UK: Thinking of switching bank account? HSBC brings back £200 cash offer for new joiners as it looks to entice more customers (This is money)
COST OF LIVING
OUR Community
Question of the week
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Who Are Coaching Sessions For?
- Beginners often ask us: How do I reach my goals? When should I invest? How do I come up with the right asset allocation? What About Short-Term Investing?
- Advanced investors come to us to get their portfolios challenged: What could derail my strategy? Bond Ladder or Bond ETFs? What are risks related to Factor Premia? How much can I withdraw from my portfolio annually?
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We Help You Avoid Costly Investing Mistakes.
Who Are Coaching Sessions For?
- Beginners often ask us: How do I reach my goals? When should I invest? How do I come up with the right asset allocation? What About Short-Term Investing?
- Advanced investors come to us to get their portfolios challenged: What could derail my strategy? Bond Ladder or Bond ETFs? What are risks related to Factor Premia? How much can I withdraw from my portfolio annually?
Don’t take our word for it. Check the reviews to see what other investors think.
DESIGN YOUR LIFESTYLE
Personal Development
Kevin Kelly is the author of the new book Excellent Advice for Living: Wisdom I Wish I’d Known Earlier. Other books by Kevin Kelly include Out of Control, the 1994 classic book on decentralized emergent systems; The Silver Cord, a graphic novel about robots and angels; What Technology Wants, a robust theory of technology; Vanishing Asia, his 50-year project to photograph the disappearing cultures of Asia, and The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future, a New York Times bestseller.
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Health & Wellness
Older people report better health status in cities
In 2021, at EU level, 43% of people aged 65 and over living in cities reported that they had a good or very good health status; Eight EU members reported shares above 50% of people aged 65 and over living in cities with good or very good health status. The highest proportions were recorded in Ireland (66%), Sweden (64%) and Belgium (60%). On the other hand, the lowest proportions were recorded in Lithuania (11%), Latvia (15%) and Portugal (21%).
Read more on Euro Stat
CAREERS & REMOTE WORK
Should You Quit Your Job? (The Outcome - 12 Min )
Work, Play & Surf: 5 Beach Gateways for Digital Nomads from Okinawa to Koh Lanta (Bankeronwheels.com)
Over the past year, Raph and I worked remotely from Digital Nomad places in Asia and Europe. Sometimes illusionary in a corporate environment, work-life balance can also be tricky on the move. We tested different coworking spaces, but sometimes adapted a work-from-home style when options were limited. Time off while travelling can be incredibly rewarding. We wanted to bring out unique activities each place offers to make your choice easier.
EARLY RETIREMENT
Travel
TECH
- How to stop AI going rouge? (The Economist)
- As technology tilts power towards capital, individuals must adapt by investing in diverse assets (Dror Pleg)
- AI is taking the jobs of Kenyans who write essays for U.S. college students (AI is taking the jobs of Kenyans who write essays for U.S. (Rest of World)
The Inside Story of ChatGPT’s Astonishing Potential (Greg Brockman - 30 Min )
miscellaneous
Community
How Would You Improve This Series?
OUR Community
Last Week We asked you
How would you describe your current life situation?
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