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 [1], 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:
[2]A day in Greece (Click to Enlarge)
Of course, it’s much better to ignore the markets and your portfolio for months at a time [3]. Short-term volatility doesn’t matter when it comes to long-term returns.
Worse, new research suggests that volatile markets can damage your health [4]!
From the money blogs
- How to get better returns without increasing risk – The Wisdom Journal [5]
- Personal loans that reduce mortgage costs – Finance Blog [6]
- An attempt to value Groupon – Musings on Markets [7]
- Groupon, baseball cards, and comic books – The Reformed Broker [8]
- Ending the divine right of bankers – The Psy-Fi blog [9]
- Bond duration: What it is and why it matters – Oblivious Investor [10]
- The 4% ‘safe’ retirement withdrawal rate: A US anomaly? – Wade Pfau [11]
- When social capital beats financial capital – Sawbones Surio [12]
- Geography and income – Econbrowser [13]
- Mr Money Mustache Vs. No Impact Man – Mr Money Mustache [14]
- I’m a former banker, and I’m mad as hell, too – Ian Fraser [15]
- Trading Vs. Investing – Above The Market [16]
Deal of the week: The FT’s Merryn Somerset-Webb tips Safe As Houses? [17]
Mainstream media money
- The myth of ever-rising house prices – Moneyweek [18]
- Cognitive illusion and active fund management – The Guardian [19]
- 25 things you should know about ETFs – ETF Database [20]
- Spotting bubbles is harder than it looks – Wall Street Journal [21]
- Blending momentum and value strategies – Bloomberg [22]
- Greece is doomed, so buy Greece! – MoneyWatch [23]
- Why the carry trade still yields profits – Swedroe / MoneyWatch [24]
- The value of a Nobel Prize – Felix Salmon / Reuters [25]
- The breakdown of stock/bond correlation [Graph] – Reuters [26]
- The [latest] end of the credit card – Slate [27]
- Tracker funds overpay for new listings – FT [28]
- John Lee: A 12-strong small cap portfolio – FT [29]
- FSA wakes up to structured products [bit late! [30]] – The Telegraph [31]
- Petition to merge CTFs with Junior ISAs – The Telegraph [32]
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