Weekend reading: Email SNAFU, and the FCA wants you

What caught my eye this week.

First off, apologies if you got a rogue email from us yesterday pointing to a popular US investing website – and nothing else!

This was a screw-up, and the person responsible has been roundly ballsed-out – which was the longest talking to I’ve given myself in a bathroom mirror since I worked up the courage to ask out Joanna Jones when I was 13.

It was also a reminder that I really must sort out our creaking email system.

If you subscribe to Monevator by email (and how could you not, it’s free?)  then please watch for an opt-in reconfirmation in the next few weeks. That will ensure you keep getting posted our articles.

(The real ones, I mean. Not the SNAFUs!)

Watching the watchmen

Second, a quick pointer that the FCA is after comments on its discussion paper concerning the rules around high-risk investments and regulated investment firms.

I appreciate that Monevator is the spiritual home of ‘two cheap diversified tracker funds in a tax-wrapper and your done’ investing. Many of the products being looked at – such as P2P investing, crypto, and crowdfunding – are frowned upon by true passivistas.

But personally I enjoy the opportunity to lose money experiment with all sorts of weird and wacky things – with my eyes open to the risks – and I know I’m not alone.

Of course there should be proper regulation, disclosure, and oversight. But active and esoteric investing shouldn’t just be for the rich.

Maybe you feel differently? Fair enough. The point is the FCA is asking for your thoughts by 1 July. If you want to have your say, you best get opining.

Otherwise there are truly tons of links below, just in time for the end of summer floods… Enjoy!

From Monevator

How an offset mortgage can help you achieve financial freedom – Monevator

Defensive asset allocation and model portfolios – Monevator

From the archive-ator: Enter The Accumulator’s confession booth – Monevator


Note: Some links are Google search results – in PC/desktop view you can click to read the piece without being a paid subscriber. Try privacy/incognito mode to avoid cookies. Consider subscribing if you read them a lot!1

UK inflation hits 2.1%, ahead of BOE target – Reuters

About 2.3m Britons hold cryptocurrencies, despite warnings – Guardian

JP Morgan swallows Nutmeg ahead of UK launch of digital bank – Sky News

Cashless society nears, with only one in six payments in cash – Guardian

UK food and drink exports to the EU have plummeted – ThisIsMoney

FCA urges thousands to seek compensation over pension transfers [Search result]FT

‘Big Short’ investor Michael Burry warns of biggest bubble in history – Business Insider

Hong Kong’s Apple Daily newsroom raided by 500 officers over national security law… – Reuters

…and the paper subsequently sells five times as many copies – BBC

The distributions of equity returns are not that different whether inflation was rising (blue) or falling (red) [PDF]JP Morgan

Products and services

Equifax has revamped its credit score scale: does it matter? – Which

Lifetime ISA deposits hit £1bn for the first time – ThisIsMoney

Offer: Open a SIPP at Interactive Investor and you pay no SIPP admin fee for six months, saving you £60 – Interactive Investor

Savers pull £24.5 billion from NS&I after rates are slashed – ThisIsMoney

Fidelity now has nearly $18bn in its game-changing zero-fee index funds – Investment News

Sign-up to Freetrade via my link and we can both get a free share worth between £3 and £200 – Freetrade

Seraphim investment trust to give UK investors access to space – ThisIsMoney

How the Maker crypto token reinvents the financial system – Net Interest

Homes for celebrating the summer solstice, in pictures – Guardian

Comment and opinion

Three solutions for index fund voting dominance – Morningstar

Portfolio acid test – Humble Dollar

Want to stick to your budget? Open six bank accounts – Guardian

A mindful way to pay your bills – Rock Wealth

Avoiding early retirement invisibility madness – Leisure Freak

Predicting inflation is hard – A Wealth of Common Sense

Factory reset – Indeedably

Mid caps are not hidden champions versus small or large – Factor Research

The evidence against private equity and venture capital – Advisor Perspectives

Naughty corner: Active antics

When does the stock market go up? – The Blindfolded Chimpanzee

Two stock pickers look back at their Covid trading journals [Podcast]Telescope Investing

Mega marketplaces – Drinking from the Firehose

Ideas – Enso Finance

The Schiehallion Fund: early and patient – IT Investor

The post-Covid economy mini-special

Office, hybrid, or home? – Guardian

Winners and losers of the Work From Home revolution – The Atlantic

Kill the five-day workweek – The Atlantic via MSN

A ‘Great Resignation’ wave is coming for companies – Axios

Half of US pandemic unemployment money may have been stolen [Really?!]Axios

Covid corner

English Covid R number remains unchanged at 1.2-1.4 – Reuters

What will delaying the 21 June full unlock achieve? – BBC

All over-18s in England can now book a vaccine appointment – The Sun

Brazil’s main Covid strategy is a cocktail of unproven drugs – NPR

In hunt for pandemic’s origin, new studies point away from lab leak – Guardian

Kindle book bargains

The Joy of Work: 30 Ways To Fall In Love With Your job Again by Bruce Daisley – £0.99 on Kindle

Legacy by James Kerr – £0.99 on Kindle

Think and Grow Rich by Napoleon Hill – £0.99 on Kindle

Liars Poker by Michael Lewis – £0.99 on Kindle

Environmental factors

How low can birth rates go before it’s a problem? – Five Thirty Eight

Standard or ESG benchmark? – Klement on Investing

Off our beat

Man swallowed then spat out by a whale – Cape Cod Times

Harder than it looks, not as fun as it seems – Morgan Housel

Some scientists believe the universe is conscious – Popular Mechanics

Three couples in their 60s who share a house in their retirement – Guardian

And finally…

“Indeed, the very idea of ‘normality’ is now little more than a fiction, and in no sense a guide to the future in a world continuously reshaped by radical uncertainty.”
– Gordon Brown, Seven Ways To Change The World

Like these links? Subscribe to get them every Friday! Like these links? Note this article includes affiliate links, such as from Amazon, Interactive Investor, and Freetrade. We may be  compensated if you pursue these offers – that will not affect the price you pay.

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