Ritholtz Wealth Management has teamed with Betterment to make Liftoff the easiest way to begin investing. There is no minimum and transferring in existing accounts is a snap. Click here to hear the thinking behind this move.
Quote of the Day
"I’d rather have a suboptimal portfolio and a client who sticks to it, than an optimal portfolio and no client."
(Joachim Klement)
Markets
- US stocks are overvalued, but what does that actually mean? (fortune.com)
- Hard to see how things get much better for the bond market. (capitalspectator.com)
Apple v. Google
- Google ($GOOGL) now holds more net cash than Apple ($AAPL). (ft.com)
- Apple ($AAPL) Maps is catching up to Google ($GOOGL) Maps. (macstories.net)
Banking
- Can N26 and Monzo make headway in the US online banking scene? (cnn.com)
- Swiss banks are now charging negative rates for customer deposits. (ft.com)
Finance
- More exchanges are adding trading speed bumps. (wsj.com)
- The Carlyle Group ($CG) is becoming a C-corp and abandoning its dual-class share system. (axios.com)
Fund management
- Everything is on the table now when it comes to fund manager due diligence. (institutionalinvestor.com)
- Activist hedge funds are getting push back from investors as returns diminish. (reuters.com)
- There are only "two viable business models for asset managers in the decade to come." (institutionalinvestor.com)
Mosquitoes
- Why you rarely see mosquitoes at Disney World. (yahoo.com)
- Humans deadliest predator is mosquitoes. (nytimes.com)
Economy
- The Chicago PMI was weak. (calculatedriskblog.com)
- Why the Fed is really cutting rates. (ritholtz.com)
Earlier on Abnormal Returns
- Personal finance links: a taboo subject. (abnormalreturns.com)
- What you missed in our Tuesday linkfest. (abnormalreturns.com)
- Research links: the original quants. (abnormalreturns.com)
