Registration for the first of its kind Wealth/Stack Conference on September 8-10th, 2019 at the Scottsdale Plaza Resort in Arizona is now open! Use this link to get an exclusive discount so you can find out how advisors are bridging the gap between technology, investment management and practice management.
Quote of the Day
"Similarly, investors protect from portfolio drawdowns and the type of bad behavior reactions those cause through diversification. Long periods of time in the market is more important than timing the market."
(Justin Mallory)
Chart of the Day
Nearly half of Vanguard’s 401(k) plans now use automatic enrollment.
Time in the market
- As a long term investor, you don't care if the stock market goes up during trading hours or when the market is closed. (awealthofcommonsense.com)
- Long term investing isn't supposed to feel like a thrill ride. (blairbellecurve.com)
Strategy
- Price momentum leads operational momentum. (theirrelevantinvestor.com)
- Why trading 'rules of thumb' miss the point. (priceactionlab.com)
- Why investing isn't a good hobby. (medium.com)
Amazon
- Amazon ($AMZN) passed Apple ($AAPL) and Google ($GOOGL) to have the world's most valuable brand. (cnbc.com)
- RIP, Amazon Restaurants. (theverge.com)
United Technologies-Raytheon
- The United Technologies ($UTX)-Raytheon ($RTN) deal has a lot of moving parts. (ft.com)
- United Technologies ($UTX) still needs to spinoff some companies to make this deal work. (barrons.com)
Funds
- How much can non-transparent ETFs do to boost active management? (theetfeducator.com)
- Smart beta ETF managers need to better explain their products to investors. (etf.com)
- The challenge of analyzing bond funds is that they have a lot of different, moving parts. (morningstar.com)
Global
- Texas would be the second biggest member of OPEC based on oil output in 2019. (cnn.com)
- Want to know what China is doing on the trade front? Follow this editor on Twitter. (bnnbloomberg.ca)
Economy
- The May NFIB report showed a tick up in small business optimism. (calculatedriskblog.com)
- Don't take economic forecasts from people with a political agenda. (ritholtz.com)
- How Americans make (and spend) their money by education level. (visualcapitalist.com)
Earlier on Abnormal Returns
- Research links: dropping the GFC. (abnormalreturns.com)
- In today's Market Moment we look back at the Compaq Computer acquisition of Digital Equipment in 1998 and what it tells us about the chaning technology sector. (shows.pippa.io)
- Talking about the future of financial advice with Cullen Roche. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: sober investment management. (abnormalreturns.com)
- On the perils of passive news consumption. (abnormalreturns.com)
