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2017 Ranking Of RIA’s By Total Assets, Financial Advisor

CS Commentary: A RIA is a Registered Investment Advisor, generally considered to be at or close to the top of the Fiduciary Pyramid in the investment area. For more, see Common Sense Interpretation, below.

Wall Street Exec: Crypto-Blockchain Mass Adoption 5-6 Years Away, Helen Partz, Cointelegraph

HSBC Says Global Bank Is ‘Cautiously Looking’ At Crypto Investment, Ana Alexandre, Cointelegraph

IMF Sees Philippines GDP Growth At 6.7% In 2018-19, Reuters

To Save Enough For Retirement You Will Need This Multiple Of Your Annual Income, IBD

 

Editor’s Choice


 

Bitcoin, alternative coins

Bitcoin Frenzy?

New Poll Shows Only 2% Of U.S. Investors Own Bitcoin, But 26% Are ‘Intrigued’, Maxwell William, Cointelegraph

A Former Wall Street Regulator Starts To Teach On The Blockchain At MIT: Should Ether And Ripple Be Regulated As Securities? Nathaniel Popper, NY Times

Ex-Trump Advisor Steve Bannon In On Cryptocurrency, Christine Kim, Coindesk

CS Repeat: Top Crypto Picks: Top 20 Alt-Coins, Cryptoclarified

CS Commentary: Repeating the listing of this link which was published in CS a few weeks ago. The article originally came out in June 2018 and it ranks DIG as its #1 alt-coin speculation, saying that it could easily have a 500% upside. However, please note that the information provided on DIG was easily a few months old as of writing, the wallets listed for the airdrop are out of date and incorrect, and the analysis on this coin is one-sided and not up to date. Still, it is interesting that out of 20 coins they choose DIG over EOS, DRED, and BNB as their #1 choice. Something to consider, but review our analysis on DIG here. Also see, cryptoclarified’s full analysis of DIG from late June 2018, here – https://cryptoclarified.com/2018/06/26/dignity-dig-the-sleeping-giant/ – but our above comments still apply.

How A Central Banker’s Speech May Have Motivated More Buying Of Crypto, Anna Baydakova, Coindesk

Crypto Has Arrived: CFA Exam Adds Blockchain As Wall Street Dives In, Bloomberg

 

Cryptocurrency


Why Major Cryptocurrency Investors Are Betting Against Ethereum, Jeff Kauflin, Forbes

Rejection Aside, Calls For A Bitcoin ETF Are Only Escalating, Muyao Shen, Coindesk; Also see, US SEC Commissioner Dissents From Bitcoin ETF Rejection, Marie Huillet, Cointelegraph; Also see, Bitcoin Retains Bull Bias In Spite Of Price Drop Below $8000, Omkar Godbole, Coindesk; Also see, SEC Delays Decision On One Bitcoin ETF Till September – Van Eck Decision Due Next Month, Nikhilesh De, Coindesk

DIG’s Arbitrade To Store Gold On Bermuda, Scott Neil, Royal Gazette

CS Commentary and CS Update on DIG, 7/12/18: There are some worrisome comments here, particularly…See this link for more. Also see, Bermuda Government To Introduce New Regulations On ICO’s And Crypto Firms, Helen Partz, Cointelegraph

Bitcoin, trade, China

Bitcoin Trade By Currency

Coinbase To Possibly Expand Offerings To 5 Alt-Coins + Ethereum Classic, Ana Alexandre, Cointelegraph

Though 80% Of 2017 ICO’s Were Scams, They Received A Small Percent Of Total Funding, Ana Alexandre, Cointelegraph

Which Cryptocurrency Is The Most Usable As Money? Simon Chandler, Cointelegraph

Bitcoin, Ethereum, Ripple, Stellar & Others: Price Analysis, Rakesh Upadhyay, Cointelegraph

How To Secure Yourself Against Bitcoin Theft In 10 Minutes, SFOX, Medium

 

Short videos


Can The U.S. Economy Maintain This Pace Of Growth? Varney & Co., Fox Business

Bill Browder Of Hermitage Capital On Being Named By Putin In Helsinki: Valdimir Putin Wants Me Dead, Sunday Morning Futures

Common Sense Interpretation

(Start Here First To Understand The Investment Arena Big Picture)


How To Know Who To Trust With Your Money: The Fiduciary Pyramid, Seaborn Hall, Advisor Perspectives

fiduciary, trust, money

Fiduciary Pyramid: Who
Do You Trust?

How to Know Who To Trust With Your Money II: A Visual Illustration of Fiduciary, Seaborn Hall, Advisor Perspectives

The Bernie Madoff Fraud: Five Lessons For Investors From The ‘Wizard Of Lies,’ Seaborn Hall, Advisor Perspectives

Evaluating The Arguments For The Dollar’s Demise, Seaborn Hall, Advisor Perspectives

How Likely Is Hyperinflation In the U.S.?, Part Two, Seaborn Hall, Advisor Perspectives

Are Cryptocurrencies The Best Investment Opportunity Of The Next Decade? Part II, Seaborn Hall, Advisor Perspectives

 

Resources

Investing Resources

10 Fastest Growing RIA Firms, Wealth Management; Also see, RIA Survey And Ranking 2017, FA

CS Commentary: For an explanation of and the importance of Registered Investment Advisors (RIA), see the ‘Fiduciary’ articles in the Common Sense Interpretation section below.

The Biggest And Best Wealth Management Firms, Investopedia/WSJ

CS Commentary: What’s wrong with this list? Notice they are almost all big banks. Most of the big banks charge ‘hidden’ fees that they don’t tell you about and they also charge larger annual management fees. Independent RIA firms charge an average of about 1-1.25% in management fees, plus, in many cases lower ‘hidden’ fees that they fully disclose. (For an explanation of and the importance of Registered Investment Advisors, or RIA, see Common Sense Interpretation section on this page below).

Why is the WSJ bias towards the larger banks? Very few smaller, independent fee only RIAs – of which there are hundreds of top ones – are featured on this list. At the very least this raises a serious question about the criteria used in this study and ranking; at the most, it raises questions about the objectivity and possible bias of the WSJ. Several rankings around the globe seem much more reliable than these WSJ rankings, among them, Financial Times annual Top 300 global RIA’s ranking and the annual Forbes RIA ranking.

JD Power 2018 Bank Satisfaction Survey, JD Power

Cryptocurrency Resources

The Best Crypto Exchanges, May 2018, Cryptoclarified

The Top 10 Cryptocurrency Blogs & Websites You Should Follow, Cryptoclarified

The History Of Bitcoin In One Chart, Kevin Werbach, Medium

Cryptocurrency 101, Ben Yu, Medium

CS Commentary: A good article for the basics on crypto relative to money, in general, but some warnings…See this link for more.

The 10 Commandments Of Crypto Security, Panama Crypto, Medium

Cryptocurrency Regulation Update June 2018, Phil Glazer, Medium

The Crypto Stable Coins That You Need To Know About, Reece Barclay, Medium

State of Cryptocurrencies Summer 2018, Adam Taché, Medium

CS Commentary: An interesting survey of known and little known coins, but highly technical and of more use to self-described crypto-geeks than the average investor.

Understanding The Retail Bitcoin Exchange Coinbase And Its Professional Trading Sister, GDAX, Jack Tatar, The Balance; Also see, Coinbase Vs. GDAX, The Merkle; Also see, GDAX Vs. Coinbase Comparison, Coin Central

Coinbase Review: Safe Way To Buy Cryptocurrency? Coin Central

Kraken Exchange Review, Coin Central; Kraken vs. Bittrex Exchange Comparison, Coin Central; What Is Kraken? Shobhit Seth, Investopedia

 

More Common Sense


Books:

The Russia Hoax: The Illicit Scheme To Clear Hillary Clinton And Frame Donald Trump, Amazon.com

Comics:

Triumph The Insult Comic Dog Goes To Hawaii’s American Idol Try-Outs, Conan

CS Commentary: An old one and a little lewd, but the usually funny comic insult dog ‘triumphs’ again, as he gets kicked out of the American Idol trials by Fox and rebounds by going on the local NBC station.

Woman In Iowa Uses Zoning Meeting To Go On Rant, Barstool Sports

Culture:

A Spike In Liver Disease Among Young Adults Fueled By Binge Drinking, Paul Chisholm, NPR; Also see, The Rise Of Binge Drinking And How To Prevent It, CDC Fact Sheet; Living And Dying On Airbnb, Zak Stone, Medium; Russian Warship Carrying 100 Billion In Gold Found In Waters Off S. Korea, Express.co.uk; Man Says Prominent Catholic Cardinal In America Abused Him For Years, Sharon Otterman, NY Times

How 20-Year-Old Kylie Jenner Built A $900 Million Fortune In Less Than 3 Years, Natalie Robehmed,Forbes; The Three Most Important Things To Know Before You Ever Consider Getting Married, Benjamin Sledge, Medium; The Myth Of The Job Hopping Rootless Millennial Is Just That – A Myth, Lyman Stone, Vox

Health/Fitness:

Chipotle And Panera Go Non-GMO: Why You Should Care, Dr. Axe; 7 Ways To Lower Cholesterol Levels, Dr. Axe; Spin Class: An Overview And A Checklist, Dr. Axe; The 5 Worst Artificial Sweeteners, Dr. Axe

This Is The #1 Drug In America, Jenny Rose Curtis, Charisma

Movies:

The Equalizer 2, Film Review: Unequal To The First, Todd McCarthy, Hollywood Reporter

The Dark Knight’s Spellbinding Tale Of Self-Sacrifice Underlies An Instant Classic, Aaron Gleason, The Federalist

CS Commentary: We don’t agree with the effusive tone of this review or the assessment of the film as an ‘instant classic,’ though Gleason’s review does make us want to check it out again to see what all his fuss is about. For us, Batman Begins was the much better film and ever since Nolan, the writer/director, is much overrated up to and including his last ‘tour-de-farce’, Dunkirk, which does nothing to help the viewer understand the battle’s significance or importance (Watch Darkest Hour first for context). For CS, films like 1959’s Ben Hur, still unexcelled in number of Oscars, or Braveheart, or Troy, are classics. Comic book films, because of their intensive imagery and symbols, are great vehicles for big universal statements, like “With great power comes great responsibility,” – one thinks of the original Spider Man trilogy with Toby McGuire, extremely well done – but to put them in the same category as a ‘Gone With The Wind’ or ‘Lawrence of Arabia’ seems superficial and lacking in historical cinematic depth.

Music:

13 Year Courtney Hadwin Gets The Golden Buzzer On America’s Got Talent, You Tube

Sports:

MLB Power Rankings: Where All 30 Teams Stand 1 Week From Trade Deadline, Joel Reuter, Bleacher Report; Pro Football Focus Predicts Falcons Win NFC South, JuliaKate E. Culpepper, AJC; Also see, Fox Sport’s Colin Cowherd Predicts Falcons Win NFC South, AtlantaFalcons.com; Matt Ryan’s Camp Brotherhood Held In California, D. Orlando Ledbetter, AJC; Video: Five Off-Season Falcon Headlines

TV:

Kevin Costner’s ‘Yellowstone’ 2nd Most Watched Cable Show, deadline.com

CS Commentary: We haven’t seen this if only because its impossible to find. Its only on the Paramount Network which apparently is only available on Direct TV. It is not on Netflix or Prime, though maybe it will be at some point in the future. However, we are not sure how a show is supposed to make it if its impossible to find and not widely available.

Kimberly Guilfoyle Leaving Fox News, Daily Caller; Netflix Beats HBO In Total Emmy Nominations For First Time In 18 Years, Hollywood Reporter; AT&T’s (Troubling?) Plan To Change HBO, David Sims, The Atlantic

Quotes Of The Month:

“Knowledge of the fact differs from knowledge of the reason for the fact.” — Aristotle

“If you chase two rabbits, you will lose them both.” — Native American saying