Good reads from around the web.
After last night’s splendid Olympic opening ceremony, all my friends are tweeting that they’re proud to be British.
Ironic then that to be happy and British, your best bet seems to be to get as far away as you can from your fellow countrymen.
According to the suitably Orwellian-sounding Measuring National Wellbeing Programme (website [1]), the optimal plan is to secure a professional job on a far-flung island in Scotland, and to take your wife or husband with you.
And whatever you do, steer well clear of Middlesbough.
What about money? As a Governmental attempt to divine an alternative to GDP as a measure of prosperity, moolah doesn’t feature much in the Wellbeing research – at least not yet.
Work does, though. According to The Guardian [2]:
The impact of work [is significant]: not only not having it – which leads twice as many unemployed people to rate their satisfaction levels as low or very low as those in a job – but also what kind of work you do. The highest average life satisfaction was reported by those in professional occupations such as teaching, medicine or law and was lowest among ‘process, plant and machine operatives’.
You can download the first Wellbeing findings as PDFs from the ONS website [3].
From the money blogs
- Best personal finance blogs in the UK [Ranked table] – Sterling Effort [4]
- A roundup of ethical banks in the UK – Totally Money [5]
- Beware of investment gurus – The Psy-Fi blog [6]
- Is a bond fund the same as a bond ladder? – Oblivious Investor [7]
- Protecting your stash from spendy friends – Mr Money Mustache [8]
- The UK high street doubles down on gambling – Simple Living in Suffolk [9]
- iShares or Vanguard: Who’ll win the ETF battle? – Index Universe [10]
- The five dimensions of risk – Rick Ferri [11]
- Planning to work into retirement – Consumerism Commentary [12]
- A retirement income portfolio with Vanguard funds (US) – Wade Pfau [13]
- Stock picking Holy Grail: Brain or Machine? – Investing Caffeine [14]
- Make money by publishing an e-book – PT Money [15]
Product of the week: West Brom is paying 3.22% [16] on its semi-easy access savings account. You’ll probably need to switch in a year.
Mainstream media money
- How to make your own iPhone apps – The Economist [17]
- European entrepreneurs: Les misérables – The Economist [18]
- Swedroe: The dangers of efficient frontier modes – CBS [19]
- New fees squeezing out small investors (at last hacks notice!) – FT [20]
- An introduction to global investment trusts – FT [21]
- REITS look attractive, but volatile – FT [22]
- Junior ISAs totally flop – Telegraph [23]
- Lenders compete to cut mortgage rates – Telegraph [24]
- Top 10 places to retire – The Guardian [25]
Book of the week: Struck by Olympic fever? Get the official book [26]
Subscribe [27] to get a reading list every Saturday!