Useful resources for DIY investor

[Derek Chevalier]

Spurred on by recent discussion re DIY investing, I thought I would post up resources that I come across on my travels that some may find useful.

First is an article by Rick Ferri

https://www.evidenceinvestor.com/six-steps-to-stay...

well regarded over on Bogleheads and host of the Bogleheads Poscasts

https://bogleheads.podbean.com/

Edited by Derek Chevalier on Wednesday 22 May 08:35

[Derek Chevalier]

Today's resource is Pete Matthew. A prolific publisher of content and a legend in the planning community.

He has a book

https://www.amazon.co.uk/Meaningful-Money-Handbook...

podcast
https://podcasts.apple.com/gb/podcast/meaningful-m...

and courses on learning to invest
https://learnhowtoinvest.co.uk/?_fs=f91b5cfa-3cd1-...

[EddieSteadyGo]

Thanks Derek - useful links.

[Derek Chevalier]

Today's resource is Lars Kroijer

His book is written in a clear way and should be on every investor's bookshelf

https://www.amazon.co.uk/Investing-Demystified-inv...

He has a series of 5 short videos on his website - 30 minutes in total

http://kroijer.com/

[mikeiow]

thx for the links!
Must say I have been impressed with the logic behind Lars views/approach......makes a lot of sense to me over the long term to go for 'decent market returns' rather than chasing the elusive winning fund managers!
(obviously others will disagree, or perhaps advocate a combination, which isn't a bad approach!)

[Derek Chevalier]

mikeiow said:

obviously others will disagree, or perhaps advocate a combination, which isn't a bad approach!)

I can understand the argument for pure passive, or pure active, but not convinced of the reasoning behind mixing it up. All I can think of is the argument that some markets are less efficient than others, but this has been disproved (or at least to the point that managers are able to exploit it).

[Phooey]

Derek Chevalier said:

I can understand the argument for pure passive, or pure active, but not convinced of the reasoning behind mixing it up.

Out of interest why - wouldn't the two combined (providing total costs are not excessive) be the best of both worlds then?

[Derek Chevalier]

Phooey said:

Derek Chevalier said:

I can understand the argument for pure passive, or pure active, but not convinced of the reasoning behind mixing it up.

Out of interest why - wouldn't the two combined (providing total costs are not excessive) be the best of both worlds then?

The one "downside" of going purely passive is that you can't take factor tilts - e.g. skewing the portfolio towards small cap or value shares (whether you should or not is a separate discussion). Active funds can obviously do this, but my preference would be to use a dedicated factor fund if you want this type of exposure - cheaper and more consistent.

https://advisors.vanguard.com/iwe/pdf/FASFAFRM.pdf

[Derek Chevalier]

An article by one of the Ritholz crew (https://ritholtzwealth.com/)

Investing doesn't need to be complicated.

https://theirrelevantinvestor.com/2019/02/19/un-co...

[Pheo]

I quite like monevator as a blog

[Phooey]

Derek Chevalier said:

The one "downside" of going purely passive is that you can't take factor tilts - e.g. skewing the portfolio towards small cap or value shares (whether you should or not is a separate discussion). Active funds can obviously do this, but my preference would be to use a dedicated factor fund if you want this type of exposure - cheaper and more consistent.

https://advisors.vanguard.com/iwe/pdf/FASFAFRM.pdf

Cheers. Not heard of factor funds.. sound a bit out of depth for the novice (me) investor

[Derek Chevalier]

Pheo said:

I quite like monevator as a blog

Agreed, so let's make that today's resource

https://monevator.com/

Some great links including low cost trackers

https://monevator.com/low-cost-index-trackers/

and cheap online brokers

https://monevator.com/compare-uk-cheapest-online-b...

[Derek Chevalier]

Phooey said:

Derek Chevalier said:

The one "downside" of going purely passive is that you can't take factor tilts - e.g. skewing the portfolio towards small cap or value shares (whether you should or not is a separate discussion). Active funds can obviously do this, but my preference would be to use a dedicated factor fund if you want this type of exposure - cheaper and more consistent.

https://advisors.vanguard.com/iwe/pdf/FASFAFRM.pdf

Cheers. Not heard of factor funds.. sound a bit out of depth for the novice (me) investor

You certainly don't need to use them to have a successful outcome but I think it's worth covering on here at some point in the future (I have a lot of daily resources lined up )

[Derek Chevalier]

Today we have Abraham's Okusanya's book - Beyond the 4% rule

https://www.amazon.co.uk/dp/B07BBTZXWN/ref=dp-kind...

Free on Kindle Unlimited

He also offers a related tool (advisers only at present)

https://www.timelineapp.co/

and an evidence based portfolio service

https://finalytiq.co.uk/services-3/betafolio/

certainly creating waves in the adviser community

[Derek Chevalier]

A book recommendation today - Tim Hale's Smarter Investing. The (3rd edition) book was released in 2013 and goes into detail on portfolio construction (water and whisky) and factor investing. He also gives examples of what funds can be used to build the portfolio, although given it was written six years ago some of them may have been superseded - 4th edition long overdue!!

https://www.amazon.co.uk/Smarter-Investing-Simpler...

Similar to Abraham he helps financial planning firms with their investment proposition

https://www.albionstrategic.com/

[Derek Chevalier]

Today's recommendation is a podcast from Andy Hart

https://www.mavenadviser.com/podcast

Andy is an practicing adviser and in addition trains other advisers on cashflow planning tools.

https://www.thevoyantist.com/

and also organises a conference for advisers

https://humansundermanagement.com/

[Derek Chevalier]

Today is Robin Powell - he focuses on evidence based investing

https://www.evidenceinvestor.com/about/

One of his videos has been posted on here recently

https://www.youtube.com/watch?v=X0yJETTBA1A

He's also very active on Twitter

https://twitter.com/RobinJPowell

[Derek Chevalier]

SPIVA is a useful resource for determining relative performance of active funds vs their benchmark.

https://us.spindices.com/spiva

A number of articles are written using SPIVA data

https://www.etf.com/sections/index-investor-corner...

[Derek Chevalier]

Larry Swedroe has written a number of books a few of which I've read

https://www.amazon.co.uk/gp/product/B07BDPSR7X
https://www.amazon.co.uk/gp/product/B003NE61GC
https://www.amazon.co.uk/gp/product/B00S9UKXN2

posts regularly on ETF.com

https://www.etf.com/contributors/larry-swedroe

and occasionally gets involved in debates with Rick Ferri over the years/(decades!)

https://www.etf.com/sections/features-and-news/679...
https://seekingalpha.com/amp/article/64656-the-gre...

[CinnamonFan]

As a novice diy investor this has been and will continue to be really helpful!

Am reading Smarter Investing currently and listen to Pete Matthew's podcasts. This has given me direction after I'm finished! Appreciate it!