Journal to portfolio afterlife

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A truth that applies to almost every field is that it’s possible to try too hard, and when doing so you can get worse results than those who knew less, cared less, and put in less effort than you did.

There can be a difference between knowing what’s right and making a living delivering what you know to be right.
This may be most common in investing, law, and medicine, when “do nothing” is the best answer, but “do something” is the career incentive.

A doctor once told me the biggest thing they don’t teach in medical school is the difference between medicine and being a doctor – medicine is a biological science, while being a doctor is often a social skill of managing expectations, understanding the insurance system, communicating effectively, and so on.
The gap between the two, which applies to many fields beyond medicine, can lead to mistakes only experts can make, or only an expert can advise.

Triste ma vero:

“Half of the 15,000 mutual funds in the US are run by portfolio managers who do not invest a single dollar of their own money in their products,” the FT writes.

Trying Too Hard

Thomas McCrae was a young 19th Century doctor still unsure of his skills.

www.collaborativefund.com

 

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In dollari ovviamente.

GDX vs. GLD — ETF Comparison Tool

Compare GDX and GLD across key investment metrics, including historical performance, risk, expense ratio, dividends, Sharpe ratio, and more, to determine which asset aligns better with your portfolio strategy.

portfolioslab.com

 

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https://www.ssga.com/library-content/products/fund-docs/etfs/us/insights-investment-ideas/spdr-gold-shares-etf-perspective.pdf

 

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embe negli ultimi 12 mesi ha riconosciuto un rendimento da distribuzione del 5,06% lordo, con tassazione al 16,8% significa il 4,2% netto; con una allocazione del 20% significa lo 0,84% netto sull'intero portafoglio, riconosciuto con rata mensile.

 

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A chi ci crede, questo è il piano dell' UE.

Press statement by President von der Leyen on the Commission's proposals regarding REPowerEU, defence investment gaps and the relief and reconstruction of Ukraine
Brussels, 18 May 2022
"Check against delivery"

https://ec.europa.eu/commission/presscorner/api/files/document/print/en/statement_22_3164/STATEMENT_22_3164_EN.pdf

Il costo del REPowerEU ? Dettagli.

We mobilise close to EUR 300 billion.
Approximately EUR 72 billion in grants and EUR 225 billion in loans.

Ma, e la ricostruzione dell'Ucraina?

But we also need to think about the day after for the wider reconstruction effort. The EU has a responsibility and a strategic interest in leading this reconstruction effort.

E la Russia non paga?

But of course, the EU would and should not be the only one contributing to this effort. That is why we propose a reconstruction platform as part of this plan jointly led by Ukraine and the Commission and bringing together EU Member States, other bilateral or international donors, international financial institutions, and other like-minded partners.

 

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Michael Cembalest
Chairman of Market and Investment Strategy
JP Morgan Asset Management
2022 Eye on the Market Energy Paper

Eye on the Market Energy Paper: Heliocentrism | J.P. Morgan Private Bank EMEA

Our 15th annual energy paper covers the speed of the transition, electrification, the changing planet, the high cost of decarbonization in Europe, nuclear power, the Los Angeles fires, Trump 2.0 energy policies, renewable aviation fuels, superconductivity, methane tracking and the continually...

privatebank.jpmorgan.com