What is going on today? - Megathread

Having worked in the press for the best part of two decades, Iā€™d agree.

No journalist Iā€™ve ever met sets out to twist peopleā€™s thinking even though some papers have clear political leanings.

But what we try to do is to create a context in which other people can think and make up their own minds. I think thereā€™s a subtle but important difference there.

Thereā€™s a public interest in examining the chancellorā€™s previous statements, especially when itā€™s the longest time a new government has taken to bring forward a budget in decades.

Gullible : easily persuaded to believe something.

Seems a pretty accurate description of some of the reactions here Iā€™m afraid.

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Good morning :sun_with_face: -

As usual we selected the best articles published in the past few days :point_down::

Portfolio Construction
:arrow_right: Stocks vs Bonds: Bonds are riskier? 2.7% Withdrawal Rate? Hereā€™s What Ben Felix and Scott Cederberg Might Be Getting Wrong
:arrow_right: Strategy: 5 Investment Lessons From the Best Investing Books
:arrow_right: Trend Following: T-bills Contribution to Trend Following Returns
:arrow_right: US Equities: S&P 500 experiencing strongest performance in 21st century
:arrow_right: Gold: Robeco Report on Gold being back as an asset class

ETFs
:arrow_right: Factor ETFs: Robeco launches a series of UCITS Factor ETFs
:arrow_right: Currencies: Slashing FX Costs! In Which Currency Should I Buy ETFs?
:arrow_right: Private Credit: A closer look at State Street and Apolloā€™s ETF

Active Investing
:arrow_right: UK Equities: JP Morgan - A value opportunity, not a value trap
:arrow_right: Emerging Market Bonds: Goldman Sachs Summary on this asset class
:arrow_right: Active Investing: What Does a Once-in-a-Generation Opportunity Look like?
:arrow_right: US Election: Should I be worried about the US election?

Wealth & Lifestyle
:arrow_right: Early Retirement: How To Retire a Few Decades Early
:arrow_right: Real Estate: Comments on Renting vs. Owning a Home
:arrow_right: The Low Stability of High-Income Jobs
:arrow_right: Retirement: Goldman Sachs Retirement Report
:arrow_right: Advisors: Discuss These 7 Retirement Issues - Clients Disagree

And Also
:arrow_right: Health: The Top 20 Causes of Death in 2021
:arrow_right: Wall Street: Jane Street interns make more than Starmer and Powell
:arrow_right: Bikepacking: Sneak Peaks - Stories from the Two Fastest Riders

Have a great Saturday!

Francesca from BoW Team :biking_man: :biking_woman:t3:

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I read somewhere they are going to take gullible out of the dictionary.

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Gullible isnā€™t even in the dictionary

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In a surprising turn of eventsā€¦ https://johnsonsdictionaryonline.com/1773page/gull?zoom=1600

Think speculating rather than believing is what people are doing.

Not much, just reflecting on Surah Ar-Rahman today. Have you ever thought about its message and the blessings it highlights?

https://www.marketwatch.com/story/wall-street-is-worried-stocks-might-be-on-the-cusp-of-a-lost-decade-1b3e2512

There is no denying that stocks are at elevated pe levels currently, Warren Pies on the last TCAF episode basically said that the stock market was pulling forward all the gains of the upcoming rate cuts, is this another one if those be fearful when others are greedy moments? :joy:

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Scare tactics or is it hahaā€¦

On the compound they talk about 3% per year being virtually impossible, the only way to get that is to have a GFC style crash, pulling the average down over that period.

There is no doubting alot of stocks are probably expensive over in the US and that AI optimism has fueled some of the rally, whether weā€™re in or about to form a bubble, no one knows. What we do know is there will definitely be heavy down days, just when and how bad, who knows :joy:

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Yes, I wish I could remember but Raman showed the periods of when a market crash usually happens not an exact date just when it corrects. He goes over like 5%,10% the the 35% crashā€™s as in how common have they been over a set period .

I really canā€™t remember if I posted that video of not but I remember speaking about this on another topic.

If I find the video at some point Iā€™ll add it here

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Yeah I watched that video, basically a large crash doesnā€™t happen much but 5-10% happen lots!

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Good evening :last_quarter_moon_with_face::full_moon_with_face::first_quarter_moon_with_face: -

As usual, we selected the best articles published in the past few days :point_down::

Portfolio Construction
:arrow_right: Diversification: Skis & Bikes - The Untold Story of Diversification
:arrow_right: Portfolio Construction: A Portfolio for All Seasons
:arrow_right: Human Capital: Should Your Stock Portfolio Consider Your Career?
:arrow_right: Gold Outperformance: ā€˜Ultimate safe haven assetā€™?
:arrow_right: Strategy: Things Iā€™ve Learned in 20 Years of Investing

ETFs
:arrow_right: Amundi: Change Of Global Equity ETF Domicile - Luxembourg to Ireland
:arrow_right: ETF Fees: How They Work & How to Minimise Them!
:arrow_right: Index Deletion ETFs: Research Affiliates may launch an ETF in Europe
:arrow_right: CLOs: Are So Hot Right Now, Theyā€™re Getting ETFā€™d

Brokers & Platforms
:arrow_right: Swissquote: Our Review
:arrow_right: Revolut Business: Our Review
:arrow_right: Asset Managers: Worldā€™s largest asset managers in 2024

Active Investing
:arrow_right: Factors: Do Factor Portfolios Survive Transaction Costs?
:arrow_right: Trend Following ā€˜Betaā€™: The Promise and Pitfalls of Replication
:arrow_right: Value: Why Value Investing Critics May Be Wrong w/Larry Swedroe
:arrow_right: Size Premium: Microcaps are big dose of the size premium

Wealth & Lifestyle
:arrow_right: Real Estate: How Many Europeans Own Their Homes?
:arrow_right: High Pay Careers: Are You High Earner But Not Rich Yet?
:arrow_right: FIRE: Truth and Lies About FIRE
:arrow_right: Books: The Top 10 Books on Financial Independence You Should Read
:arrow_right: Financial Advice: The Future of Advice Looks a Lot Like Life Coaching

And Also
:arrow_right: Travel: Daily Travel Budgets for 15 European Countries
:arrow_right: Cycling: How You Can Cycle The World ā€“ A Practical Guide
:arrow_right: Nassim Taleb: The secret rule that runs the world
:arrow_right: Learnings from 1,000+ Near-Death Experiences

Have a great Saturday!

Francesca from BoW Team :biking_man: :biking_woman:t3:

1 Like

There is a huge chance that you are paying a premium for what a crowd of investors is buying.

you all happy youā€™re no longer considered working class? :smiley:

I wonder if a lot of that is down to people just not having time to look themselves.

Sorry if my comment seemed arrogant. I didnā€™t mean to come across as better than anyone here. In fact, that ā€˜youā€™ was directed at anyone who is buying popular companies at a high price, not someone specific. What I know is what I learned from making mistakes.

no no, maybe what ive said was misunderstood. I was looking at the tweet, about ā€˜most people get interested when everyone else isā€™

I think a lot of that is probably just down to time constraints, a lot of people either donā€™t have a lot of time to do research, or just arenā€™t that interested in doing research. so they follow the crowed, the stock bob talks about in the pub, or whatever pops up in the news etc.

a lot of people probably donā€™t know ā€˜whyā€™ they invest in any particular company (im guilty of this often) outside of ā€˜I like itā€™ or it being popular or just a company they know. and often likely donā€™t even know whats considered a high price.