What caught my eye this week.
Long-time lurkers around these parts may remember the cult FIRE blog Sex Health Money Death.
That’s ‘cult’ as in the author carved out a niche for himself, you understand, not in that he carved anyone up for unsavoury ends…
Indeed Sex Health Money Death was the first early retirement blog I can ever remember conceding that quitting work to aimlessly kick about the house all day in your early 50s might not quite live up to the marketing hype.
Laconic posts about lonely trips to the gym and banter-less hours stretching out every afternoon were typical of this unique voice in blogging. Fans even looked past the fact that there was never any sex – a classic bait-and-switch.
Alas Sex Health Money Death eventually chucked in both the blog and retirement, and went back to work.
But now he’s back! His first recap reports that:
I certainly didn’t want to moan about retirement in a blog, but maybe I could share some of the challenges and what positive things I have found to come from them.
Off the top of my head, in the last year I’ve learned loads about pensions and developed a hard-won withdrawal strategy that I’m finally comfortable with; I’m way fitter than I’ve ever been; I’ve massively expanded my cooking repertoire; I’ve discovered Youtube DIY videos and saved hundreds of pounds in repair costs; I’ve learned a bit about gardening; I’ve read more books than I ever have; I’ve worked hard to increase my social circle; in any given week I average 15,000 steps a day, double what I used to do when working; I make time for audiobooks and podcasts; my golf handicap….nah, you don’t want to know about that.
In short, a good retirement takes effort, as does a good blog and a healthy sex life. Although on reflection perhaps I’d rather hear about that golf handicap first.
Welcome back SHMD! And have a good weekend everyone.
The Slow & Steady Passive Portfolio update: Q2 2022 – Monevator
Crowdfunded valuations and some investment trust NAVs still need to come down – Monevator
From the archive-ator: When to buy insurance – Monevator
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Average standard variable rate mortgage in UK tops 5% for first time since 2009 – Guardian
China economy shrinks on zero-Covid policy – BBC
Tech talent shortage is crimping UK tech sector growth – BBC
US inflation hit 9.1% in June, far worse than anticipated – CNBC
Spain announces free rail journeys from September until end of year – Guardian
Products and services
Zopa Bank launches Best Buy easy-access account paying 1.5% – ThisIsMoney
How much could you save on car insurance by paying annually? – Which
Open a SIPP with Interactive Investor and pay no SIPP fee for six months. Terms apply – Interactive Investor
How to switch bank accounts – Be Clever With Your Cash
Is a hub shared by several banks really the answer to mass branch closures? – ThisIsMoney
Homes for a heatwave, in pictures – Guardian
Comment and opinion
The era of Great Exasperation arrives for investors [Search result] – FT
Luck vs skill – Kevin’s Newsletter
The US yield curve is inverted again – Morningstar
How to feel rich even if you can’t get rich – Financial Samurai
If this is your first bear market, there’s no need to panic – Washington Post
Neglected investing ideas – Humble Dollar
Why are so many middle-aged people leaving work? – Prospect
The upside of downside – Compound Advisers
Why a higher fiduciary duty helps everybody [US law but relevant] – Morningstar
Position size matters, especially with volatile allocations like Bitcoin – Elm Funds
This time it’s different (/worse) mini-special
The market risks are growing – DIY Investor (UK)
Limits to growth and declining living standards – Simple Living in Somerset
An update on ‘country risk’ for investors in 2022 – Musings on Markets
Crypt o’ crypto
The cryptoland adventures of Alan Howard [of Brevan Howard fame; search result] – FT
Leading lender Celsius files for bankruptcy, withdrawals still suspended – Ars Technica
Crypto isn’t really a hedge against equity risk – CFA Institute
Naughty corner: Active antics
On bullshit in investing – Noahpinion
The best infrastructure trusts to shelter your money from inflation – MoneyWeek
Why this week’s high US CPI print was not a shock – Calafia Beach Pundit
Some hedge fund strategies delivered good returns in the rotten first half – Institutional Investor
The [admittedly wild] data suggests the US is not in recession. Yet. – Peterson Institute
The implosion of the once-booming SPAC sector – ExecSum
Infection levels reach new record UK high for the pandemic, estimates show – Independent
Tim Harford: a riskier approach to new vaccines will pay off [Search result] – FT
Kindle book bargains
Amazon Unbound: Jeff Bezos and the Invention of a Global Empire by Brad Stone – £0.99 on Kindle
Secrets of Sand Hill Road: Venture Capital and How to Get It by Scott Kupor – £0.99 on Kindle
Mother of Invention by Katrine Marçal – £0.99 on Kindle
Be Careful What You Wish For by Simon Jordan – £0.99 on Kindle
How to buy great fashion that doesn’t cost the earth – Guardian
Fires ravage Portugal as another blistering heatwave scorches Europe – Axios
The ULEZ effect: diesel car ownership down by a quarter inside the zone – ThisIsMoney
Humans need to value nature as well as profits to survive, says UN report – Guardian
Tory leadership contenders skip ‘game-changing’ climate change briefing from Sir Patrick Vallance – iNews
Off our beat
The $100 trillion global economy in one chart – Visual Capitalist
Will these new algorithms save you from quantum threats? – Wired
She thought a job was waiting for her in Europe. Then she met her trafficker – Vice
Why Sri Lanka is having an economic crisis – Noahpinion
How to use a walnut to repair scratches in old wooden furniture – Lifehacker
Web3 is about saving us from totalitarianism as much as it’s about crypto – Dror Poleg
“In general, it is easier to make money owning businesses with strong franchises than ones with weak franchises.”
– Anthony Bolton, Investing Against the Tide
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