Some good reads from around the Web.
I have dug up an extra great list of links this week, so just a brief intro via a graph from Business Insider, showing one crazy day in Greece.
In normal times I’d argue that equating broad stock market moves with micro-political developments in a country worth 1% of European GDP was risible.
But these are not normal times – I was watching the markets closely on Thursday, and I watched it happen:
Of course, it’s much better to ignore the markets and your portfolio for months at a time. Short-term volatility doesn’t matter when it comes to long-term returns.
Worse, new research suggests that volatile markets can damage your health!
From the money blogs
- How to get better returns without increasing risk – The Wisdom Journal
- Personal loans that reduce mortgage costs – Finance Blog
- An attempt to value Groupon – Musings on Markets
- Groupon, baseball cards, and comic books – The Reformed Broker
- Ending the divine right of bankers – The Psy-Fi blog
- Bond duration: What it is and why it matters – Oblivious Investor
- The 4% ‘safe’ retirement withdrawal rate: A US anomaly? – Wade Pfau
- When social capital beats financial capital – Sawbones Surio
- Geography and income – Econbrowser
- Mr Money Mustache Vs. No Impact Man – Mr Money Mustache
- I’m a former banker, and I’m mad as hell, too – Ian Fraser
- Trading Vs. Investing – Above The Market
Deal of the week: The FT’s Merryn Somerset-Webb tips Safe As Houses? as a ‘must read’. It offers a unique analysis of UK property prices.
Mainstream media money
- The myth of ever-rising house prices – Moneyweek
- Cognitive illusion and active fund management – The Guardian
- 25 things you should know about ETFs – ETF Database
- Spotting bubbles is harder than it looks – Wall Street Journal
- Blending momentum and value strategies – Bloomberg
- Greece is doomed, so buy Greece! – MoneyWatch
- Why the carry trade still yields profits – Swedroe / MoneyWatch
- The value of a Nobel Prize – Felix Salmon / Reuters
- The breakdown of stock/bond correlation [Graph] – Reuters
- The [latest] end of the credit card – Slate
- Tracker funds overpay for new listings – FT
- John Lee: A 12-strong small cap portfolio – FT
- FSA wakes up to structured products [bit late!] – The Telegraph
- Petition to merge CTFs with Junior ISAs – The Telegraph
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