“Retail investors have won the battle of fees. Brokerage accounts are free. Trading commissions are history. Anyone can own the entire stock market through a single exchange-traded fund for basically nothing. It’s a huge win for investors and terrible for the investment industry.” I copied this paragraph from…I do not Read more
A few days (? weeks?) ago, this image made the rounds on Twitter: It is taken from a BlackRock presentation, where they were trying to push the case for an investment in Bitcoin. You were most likely already familiar with the LHS graph, it is the sort of info doomsayers Read more
In April 2022, I introduced on this blog The Italian Leather Sofa Model Portfolio. As a reminder, here is the portfolio composition: The idea behind the portfolio is stolen from here. The link offers the best explanation to what I think is the most common question related to it, i.e. why Read more
One aspect that has always fascinated? attracted? fooled? me about financial portfolios are Tactical Asset Allocation strategies. Rebalancing 10.0, a smarter approach to “buy low, sell high”, factors applied to asset classes, call it as you prefer. Strategic (static) Asset Allocation strategies are cool but there should be a better Read more
We are preparing a podcast episode where the three of us talk about our personal portfolios, how we invest our savings. As you can imagine, my part is a bit complex. Especially if you consider that we target the podcast for an audience who has basic to no financial knowledge. Read more
AH! Leveraged ETFs, bearer of infinite deliberations, good or bad, useful tools or weapons of mass destruction. Tradr launched 2x leveraged funds that target weekly and monthly returns instead of the typical daily performance, with quarterly funds coming in October. Good news? Daily reset All the single underlying instruments (i.e. Read more
I live in Europe and the majority of this blog readers are European as well. The most recurrent complaint I receive is that I focus on USD investment without acknowledging the related FX risks for European investors. The Model Portfolio is built with USD assets simply because it was easier Read more
Not a long time ago I wrote a post about Target Date Funds and their struggle to survive an inflation shock. With a target post-retirement allocation of 30% stocks / 70% bonds, they are basically bond funds. I recently read two pieces about bonds and retirement strategies that fit nicely Read more
It has been a while since I wrote about my whacky alternative investments. Two things happened in the past: P2P Lending I am left with some boomer platforms in this area. Maybe some of these names would generate a bit of nostalgia in the reader; what impressed me the most Read more
I honestly do not know why the “holy s*&t Target Date Funds must have had an awful period” just came to my mind. I wrote a post on the infamous the Cederburg’s paper, A Critical Assessment of Lifecycle Investment Advice, not a long time ago. One of the (few?) reasonable Read more