Here are my posts for this week:
A Deeper Look at My Portfolio
Here are some short takes and some weekend reading:
The Wealth Steward looks at the options for how a surviving spouse should manage a portfolio after a DIY-investor dies. My strategy has been to have my wife do all the trading in her own accounts. Slowly but surely she is learning the details of our fairly straightforward portfolio strategy.
Rick Ferri explains how investors’ risk tolerance changes based on recent stock market activity. This makes risk tolerance questionnaires of questionable value unless you take them multiple times under different market conditions.
Preet Banerjee reports on a study showing that professional fund managers in Sweden don’t manage their personal portfolios any better than non-experts in the same socio-economic class. I hope the study’s authors split people into classes by their wealth before the time period of study and not after. Otherwise, the results are biased. Wealthier classes always have some people who were in a lower class but got lucky taking big investment risks.
Tom Bradley at Steadyhand takes some shots at index-linked GICs offered by Canada’s big banks. I’ve never seen one of these GICs that I thought was good for investors.
Big Cajun Man gives us his take of advice to borrow to invest: “Blow it out your ear.”
Sean Cooper at Million Dollar Journey updates his net worth. He is known for living very frugally but has decided to live a little and has quit his part-time job.
My Own Advisor discusses his strategy for short-term savings.