What caught my eye this week.
Bosses continue to ask their staff to get back into the office more. And workers continue to reply by email from their laptops: “Yeah, maybe not…”
You don’t need to look hard for evidence. My local gym – located in a business park – is dead on a Friday, for example. Or check out the slump in rail season ticket sales in the UK:
[1]
Source: Mail Online
The Mail Online reports [2] (my bold):
There were 60.3m passenger journeys made using season tickets in the latest quarter of January to March 2024. This was a 3 per cent increase on the 58.7m journeys made in the same quarter last year.
But season tickets made up 15 per cent of total ticket sales in the latest quarter, which was less than the 16 per cent in the previous year and down 24 percentage points from 39 per cent four years ago.
I’m sure the cost-of-living crisis won’t have helped, either, when five out of the most popular season tickets into London now cost over £5,000.
The dearest is £7,150 a year!
Paying that kind of money to sit on a train for as much as an hour or more – only to work less efficiently in an office when you get there?
No thanks. I can easily see why people are choosing to re-wire their work [3] lifestyles instead.
So can plenty of others – it has been a bountiful week for coverage of the ongoing hybrid work reconfiguration:
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- Invested in the WFH argument? Home in on the evidence – FT [4]
- The benefits of hybrid working [Research] – Nature [5]
- Inside Dell, workers rebel against return-to-office order – Semafor [6]
- How to be happier at work – A Wealth of Common Sense [7]
- Bosses are having the hardest time adjusting to hybrid work – CBNC [8]
- Cultures of destruction are destroying workplaces – Psychology Today [9]
Best wishes to a fellow finance blogger
I was saddened to learn this week that US personal finance writer Jonathan Clements has received a very unfortunate medical diagnosis.
A well-known financial columnist in the US, Jonathan has more recently put his heart and soul into his own personal finance website, Humble Dollar [10].
I’ve never met Jonathan. But I’ve read his articles and most of those of his contributors for many years. I link to Humble Dollar almost every week, and have especially enjoyed watching Jonathan deftly triangulate his site to find its own unique voice and niche.
I’ve also learned from reading how Jonathan’s thoughts have evolved with respect to his own post-work life and retirement. Which of course only makes his sudden medical challenges the more poignant.
Both myself and TA homed in on the same section of Jonathan’s article [11] about his cancer diagnosis:
The cliché is true: Something like this makes you truly appreciate life.
Despite those bucket-list items, I find my greatest joy comes from small, inexpensive daily pleasures: that first cup of coffee, exercise, friends and family, a good meal, writing and editing, smiles from strangers, the sunshine on my face. If we can keep life’s less admirable emotions at bay, the world is a wonderful place.
We send Jonathan our very best wishes for his treatment and journey.
And everybody please enjoy this sunny weekend.
From Monevator
Blind Date for Investors – Monevator [12]
FIRE pioneers are finding the path for everyone – Monevator [13]
From the archive-ator: The cautionary tale – Monevator [14]
News
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Inflation falls to lowest level in almost three years – BBC [15]
Natwest to takeover most of Sainsbury’s Bank – Which [16]
Queues for first council housing in Somerset for 30 years – BBC [17]
Hargreaves Lansdown ‘willing to recommend’ £5.4bn CVC-led takeover – CityAM [18]
Revolut seeks $40+bn valuation in employee share sale – FT via Yahoo Finance [19]
Bank of New York rebranding cuts ties to a fading Wall Street era [Search result] – FT [20]
Octopus Energy to repay £3bn Bulb cash to taxman – This Is Money [21]
Barcelona to ban apartment rentals to tourists to cut housing costs – Guardian [22]
Private equity firms have amassed $1tn in ‘carry’ fees as taxation debate mounts [Search result] – FT [23]
[24]
Investment in UK is lowest in G7 for third year in a row, new data shows – IPPR [25]
The election section mini-special
Pressure on Labour and Tories as tax gap hits £40bn – Guardian [26]
Brexit and the election: ‘Guitar exports used to take 48 hours – now it’s three weeks’ – BBC [27]
The manifestos and your finances – Guardian [28]
Reform and the Green Party’s more radical tax ideas – This Is Money [29]
Electing betting claims put focus on who knew what and when – BBC [30]
Products and services
The best buy-to-let mortgages for landlords – This Is Money [31]
St James’s Place under scrutiny: what do its customers say? [Search result] – FT [32]
Sign-up to Trading 212 via our affiliate link [33] to claim your free share and cashback. T&Cs apply – Trading 212 [33]
Is it cheaper to rent or own a home? – Which [34]
Santander’s bank switch offer: get £175 + £15 – Be Clever With Your Cash [35]
Get £100 worth of free trades when you open an II SIPP account before 30 June. Capital at risk. T&Cs apply. New customers only – Interactive Investor [36]
10 ways wedding guests can save money – Which [37]
Credit card debt hits UK mortgage affordability [Search result] – FT [38]
Open an account with InvestEngine via our link [39] and get up to £50 when you invest at least £100. T&Cs apply. Capital at risk – InvestEngine [39]
Skinny homes for sale, in pictures – Guardian [40]
Comment and opinion
Quiet compounding – Morgan Housel [41]
Go big early – Humble Dollar [42]
How to get started with FatFIRE – Fire v London [43]
The stock market will crash! – Darius Foroux [44]
“I ask men if they have a pension plan before I seriously date them” – Business Insider [45]
Roger Federer versus the stock market – A Wealth of Common Sense [46]
‘Will I ever retire?’: millennials wonder what’s on the other side of middle age – Guardian [47]
Why stocks are the greatest asset class – Of Dollars and Data [48]
Six myths about working in retirement – Which [49]
We suffer more often in imagination than in reality – Life After The Daily Grind [50]
Just asking questions – Money With Katie [51]
Don’t beat up your opponents too badly while smiling – Financial Samurai [52]
Geriatric millionaires: why Boomers keep getting wealthier – Guardian [53]
How the English clergy popularised discounted cashflow analysis – MIT [54] [h/t Abnormal Returns [55]]
Naughty corner: Active antics
Lessons from the Warren Buffett way – Flyover Stocks [56]
Why front-page news can mislead investors – Morningstar [57]
Six charts that explain why US stocks are going up… – Tker [58]
…and why you should consider small caps on valuation grounds – CFA Institute [59]
Hedge fund talent schools are looking for the perfect trader – Bloomberg via Yahoo [60]
Why corporate bonds are so hot right now [Search result] – FT [61]
Betting with a weak hand – Behavioural Investment [62]
Millionaire exodus mini-special
Record 9,500 millionaires expected to leave the U.K. this year – Fortune [63]
Wealthy foreigners step up plans to leave UK as taxes increase [Search result] – FT [64]
Kindle book bargains
A Man for All Markets by Edward O. Thorpe – £0.99 on Kindle [65]
Doughnut Economics by Kate Raworth – £0.99 on Kindle [66]
Taxtopia by The Rebel Accountant – £0.99 on Kindle [67]
The $100 Startup by Chris Guillebeau – £0.99 on Kindle [68]
Environmental factors
A wild place in Cheshire that should not be bulldozed – Guardian [69]
‘You’ll never find an insurer saying, “I don’t believe in climate change”’ [Search result] – FT [70]
Iberian lynx no longer endangered after numbers improve in Spain and Portugal – Guardian [71]
Global renewable energy capacity through time [Infographic] – Visual Capitalist [72]
The climate is the economy – Slate [73]
Robot overlord roundup
AI took their jobs. Now they get paid to make it sound more human – BBC [74]
The Goldilocks zone – Not Boring [75]
Apple is smart to go second on AI – Professor Galloway [76]
Better than Google – Seth Godin [77]
AI cameras used at London stations to detect passengers’ emotions – Standard [78]
Off our beat
The rise in DINKs, SINKs, DINKWADs, KIPPERs and more… – Forbes [79]
…although more young people are becoming NEETs, too – Yahoo Finance [80]
The world is running out of soldiers – Vox [81]
Some scientists think extreme heat is why people keep disappearing in Greece – CNN [82]
Japan’s abandoned houses wipe $25bn off nearby property – Nikkei Asia [83]
The scammy ads fuelling app gaming – Sherwood [84]
What Frank Lloyd Wright tells us about late bloomers [Search result] – FT [85]
Is moving like an animal the secret to good health? – Guardian [86]
And finally…
“It was always the becoming he dreamed of, never the being.”
– F. Scott Fitzgerald, This Side of Paradise [87]
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