How the first half of 2013 has had thrills and spills for everyone, except sensible passive investors who simply check in 3-4 times a year. Plus some links, if any of you are hiding from the heatwave.
The Investor
Currency risk arises from exchange rate moves between pairs of currencies. If you have investments or assets in a foreign country with a different currency, you face currency risk, unless the foreign currency is pegged to your domestic currency or your exposure is hedged. A simple example shows how currency risk affects your returns. Suppose [...]
Why it might be time to rename ‘dumb money’ the smart money, and for the smart money to get new jobs. Plus the week’s other reads.
How bad could things get in retirement — and how good could it go? Two UK bloggers add their two pence, plus other good reads.