What attracted my attention this week.
WI started writing about investing for the first time Money In 2007 I wondered when I had no more things to say.
The basic principles of good personal finances can be written famous on a message.
At the same time, index funds mopped all the money from the retail investors, such as Baleenwalvissen partying at an all-you-can-eat plankton buffet.
As far as the economy is concerned, the British Chancellor Gordon Brown brought that he would put an end to Boom and Bust.
What should talk about?
Of course, the big financial crisis has quickly put such complacency in contact.
And shortly thereafter The accumulator began to write for Money. His bead forensic eye for the hidden costs and frictions to avoid in passive investing – and his awareness of the psychological landmines that were present in abundance – proved that this blog could be a writing project to bring us to the age of us …
(Notwithstanding AI!)
Harder, better, faster, stronger
However, what I did not see in 2007 was that the mechanics and aids of private investments would continue to evolve …
… or go, depending on your perspective.
We already had index funds, ETFs, cheap stock trading for those who did not want to do not yet zero committees and innovations such as all-in-one and intended date funds that enabled the best investment practice in products that enabled you to buy good investment habits of the board.
There was still a wealth of venerable investment activities for old nostalgics like me to kick the ties if we also want to do something else.
Did we cry for free stock trading, delivered and short ETFs and Bitcoin?
Probably not, but they still came in our way – and there is no end in sight.
In recent weeks I have read about:
- Mirror Notes From the investment platform Republic (formerly Seedrs) to enable British investors to get exposure to the performance of not -mentioned SpaceX.
- The new stabile legislation in the US. Boosters say that it lays the foundation for moving the financial rails wholesale on the blockchain.
- Robinhood’s tokenized – shares – now available in Europe – who combine both ideas so -called Imagine betting on the future of OpenAi, say, again via the blockchain.
- The FCA of the UK admits everyday investors to follow Bitcoin and possibly other crypto assets from 8 October.
Is such innovation a good thing?
Well … maybe more than probably at the moment.
Be lucky
Paul Volcker, the inflation-knocking chairman of the Federal Reserve, notoir notorious that the ATM machine has been the only useful financial innovation of the past 30 years of driving.
But even while he spoke, the seeds were laid for the very welcome private investment revolution that I explained at the start of this piece.
So maybe we should be humble about where these latest developments can lead?
It is easy to be cynical about whether the average person needs the need to buy on crypto -based exposure to Elon’s rocket ships.
But maybe we will all do something similar for a few decades – and maybe not even realize it?
On the other hand, I have some sympathy with Bill McBride, who won a little fame almost 20 years ago by predicting the financial crisis.
And his reproduction Of these latest innovations, it is sobering:
The key to preventing a financial crisis is to keep the unregulated (or poorly regulated) financial areas in the financial system.
A good example is the tulip bell in the 1600s. Some people got rich, others were wiped out, but it had no influence on the financial system.
Unfortunately, the current administration has embraced crypto. They allow it to crawl into the financial system and allow 401K plans to keep crypto (aka future bagholders).
There has been some discussion about allowing financial institutions to borrow against crypto companies – such as for a mortgage.
This is a mistake and increases the possibility that crypto will be the source of the next financial crisis.
Time will learn it. But hopefully we are here to report again about the unfolding drama when the worst happens …
Share your thoughts in the comments below and another great weekend.
Monevator
Stick to a financial plan when the honeymoon is over [Members] – Monevator
The wealth ladder – Monevator
From the Archive-Der: seven unusual ideas for a better wedding-monvator value
News
British GDP slows down as the economy feels the effect of higher operating costs – Air
Employers hire virtual staff and contractors to combat the NI walk – This is money
House prices are falling, but it is a mixed image in Britain – This is money
More than 3.6 million investors pay dividend tax [Twice as many as in 2021] – Yahoo Finance
Average mortgage interest under 5% for the first time since truss budget – BBC
Oasis Tour has injected £ 1.1 billion into the British economy – This is money
London developer has to pay ex-wife £ 15 million after hiding assets in ‘Sham’ Trust- Standard
Costs predict the performance – Basic pointing
Inheriting tax speculation mini-special
Treasury looks at IHT again to connect the shortage [No Brexit cited, as usual] – Guardian
Gifting and the seven-year-old rule are apparently in the spotlight Morningstar
How does IHT work today and what can change? – Guardian
Another take – This is money
How onshore can help bonds defeat the inheritance tax – Week
The changes that have already been planned largely protect family farms, research Centax
Products and services
Celebrate your birthday with 35 Freebies and discounts – What
Viss the basic rate for three months with Prosper’s 4.5% fixed interest rate savings Tim
What happens to car insurance premiums? – What
Get up to £ 1500 cashback when you transfer your cash and/or investments to Charles Stanley directly via this affiliated link. Conditions apply – Charles Stanley
The pros and cons of immediate needs annuity – This is money
Savings are directly charged with wage packages from 2027 – Standard via Yahoo
How to prevent you from being stung for hidden hotel costs – Be smart with your money
Try the health service Thriva through my partner link And we both get £ 30 in credit – Thriva
How to complain about the Financial Ombudsman Service – Be smart with your money
Houses for sale near golf courses, on photos – Guardian
Response and Opinion
Non-exceptional income from the US stock market? – EIP Funds
How the top rate of income tax became a problem from the middle class Time
Retirement is only halfway through the mountain – An educational moment
Everything is disruptive – Abnormal returns
More meetings means less thinking – Behavioral investment
How to use Bitcoin in your portfolio – Morningstar
The first $ 10,000 is the most important – Of dollars and data
Has the financial future of London evolved or eroding? – CNBC
Why the first years of retirement matter the most – Pension researcher
Rich people buy more insurance than theory predicts – Alfa -architect
Investing and mini-Special Mini-Special
How likely is it that an investor will survive his savings? – Mathematical investor
Invest in the inevitable tides of demographic change – PolyMath Investor
What are your chances of ending up in a care home? [Paywall] – Ft
Naughty corner: active antics
Three big ideas to understand how shares work – Fortunes and frictions
Retail traders drive crazy volatility after the profit Sherwood
How much money does companies have to withhold? [Research, PDF] – Morgan Stanley
The damage caused by MiFID II – Clement on investing
Discount is difficult – In the spirit of Mojo
A Novo Nordisk Deep Dive – Swap
Super long Japanese government debt: the new widow maker Ft
Kindle Book Bargains
What they don’t teach you about money By Claer Barrett – £ 0.99 in Kindle
Too big to fail By Andrew Ross Sorkin – £ 0.99 in Kindle
50 Economic ideas By Edmund Conway – £ 0.99 in Kindle
Control the business cycle By Howard Marks – £ 0.99 in Kindle
Environmental factors
Europe bakes and burns, changing vacation -hotspots in Infernos – Guardian
The government tells the citizens inexplicably to remove old e -mails to save water – Tom’s hardware
Squid and chips? Global warming can change what we eat – Independent
What can happen to cities if the sea level rises? – Clement on investing
Why ‘best time to visit’ no longer applies – BBC
Lot van de Bommels – Biographical
Our wasteing culture has led us to delete wet island – Standard
Study finds whales and dolphins regularly hang out – The conversation
Robot Overlord Roundup: Chatgpt-5 Edition
OpenAi moves quickly and breaks chatgpt – Ship
GPT-5- “A legitimate expert in everything” – Can’t spell – Sherwood
An ai nerd rounds-up all other takes GPT-5- Don’t worry about the vase
GPT-5 and other LLMs are not a human brain. They will never be – Gary Marcus
Not at the dining table
The permanent stain – Andrew Sullivan
Trump administration asks NASA to draw up plans to destroy his own climate-controlling satellites. NPR
How large are Trump’s tariff income? – NPR
Magicing China is not how the US should race against China – Faster, please
Why a teenager of Leeds woke up with a Chinese premium on her head – Guardian
Is America about to solve its housing problem? [Podcast] – The new bazaar
Off our beat
The unemployed young adults of China who pay to pretend to have jobs – BBC
Meta (Facebook/Instagram) earns at least $ 25 per month per American user – Sherwood
While thousands of teenagers are clambering to university places … Why? – Guardian
The rise and fall of musical ringtones – Stat Significant
Dine over the gap – Guardian
Walking in Woolwich – Proponge
No printers or PCs says Starbucks Korea to his customers – BBC
And finally …
“Have some humility – many smart people are regularly beaten by the markets.”
– Tim Hale, Invest smarter
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#Weekend #reading #Monevator