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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. They have each other’s phone numbers. The stock market’s winners and losers will be different too.

Math 281
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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 ).

Math 186
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Going All In To Solve A Retirement Shortfall (Part 2)

Random Roger's Retirement Planning

Do the bottom up work, it won't take long, to figure out some real numbers. Simple math is that this person needs to save $23/yr to come up with that additional $350,000. That's not a real number of course as you'd expect new contributions to also grow. But simple math tells you that adding $5000/yr likely won't cut it.

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Emotional swings continue as the FOMC meeting looms

Nationwide Financial

For much of the year there has been a divergence between the sentiment of retail investors and their behavior, with investors allocating a net $167 billion to equities this year despite persistent bearishness in surveys. Institutional investors remain cautious, and retail investors are showing signs of capitulation.

Retail 52
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Sinking Funds: Why You Need Them. How To Set Up Yours!

Clever Girl Finance

Intentional and meaningful spending on holiday gifts goes a long way over giving in to enticing holiday marketing from retailers, and your sinking fund can help you achieve that. Divide the amount needed by the number of months. It also gives you the math formula to find the information you need if you prefer. Omni calculator.

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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. They aren’t likely to get rid of the person who knows the numbers.

Food 104
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Transcript: Elizabeth Burton, Goldman Sachs Asset Management

The Big Picture

One, one is true and I’ve always said is that I wanted people to stop, ask if I could doing math. And no one asked me if I can do math anymore with a degree from Booth, particularly in econometrics and statistics. So people really ask you, you take French and can you do math. New York is number one. Two reasons.

Assets 143