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10 Friday AM Reads

The Big Picture

Wall Street Journal ) • From Math Camp to Handcuffs: FTX’s Downfall Was an Arc of Brotherhood and Betrayal : Gary Wang and Sam Bankman-Fried are offering dueling accounts of the FTX fiasco and of who’s ultimately to blame. January retail surge: finding the signal in the noise Source: BofA Sign up for our reads-only mailing list here.

Math 291
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Personal finance links: living in the future

Abnormal Returns

theirrelevantinvestor.com) Peter Lazaroff talks with Jesse Cramer about the math behind car ownership. wsj.com) 5%+ T-bill yields are attracting retail investors. Autos Ben Carlson and Michael Batnick talk with CarDealershipGuy about the state of the American car market. thejointaccount.beehiiv.com) What real life planning looks like.

Math 147
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My New ETF: 100% of Upside + 0% of Downside

The Big Picture

But just do the math: Would you prefer to give up 67 basis points (RWM’s dollar-weighted average fee is ~0.67%) or would you prefer to give up 30% of your gains PLUS pay an annual 0.79% fee for the TJUL ETF? The performance numbers reveal this is a terrible trade-off for the average retail investor. Chart after the jump ).

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At the Money: Meb Faber on Tax Aware ETFs

The Big Picture

And the way math works, you end up with a stock that goes up a bunch. A large cap growth stock like NVIDIA or a small cap biotech or a mid-cap retailer. We’ve done the math on some of these high-yield portfolios and taxable accounts. And that’s the broad market.

Taxes 130
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I Need More Leverage

Random Roger's Retirement Planning

There was an article on LinkedIn (via Abnormal Returns) by Victor Haghani that dug into the math working against leveraged ETFs. As an advisor of retail sized clients, there's no reason to add the complexity of a 2x long S&P 500 ETF even if the idea was not to leverage up.

Math 52
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Our Dotcom Bubble

The Irrelevant Investor

Retail volume fell 58% q/o/q. I'll let you do the math on that. Watching brand-name companies lose 80 or 90% of their value is.hard to put into words. Part of Coinbase's decline is macro related, but a lot of it is straight-up its own doing. It turns out that trading crypto is a lot more fun when it's going up. And boy did they ever.

Math 52
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14 Best Recession-Proof Businesses Ideas You Can Try!

Clever Girl Finance

Retail consignment. Secondhand stores saw a 31% increase in sales during the last recession even as other retailers’ sales dropped. Retail franchises and other second-hand shops such as pawn shops are good businesses to start in a bad economy. When things get tough, one of the first things people cut down on are new clothes.

Food 105