Weekend Reads: Taxes, Plinko, and Bitcoin

Headline start-up activity in the managed futures space may be at a 10-year low, but traditional classifications are becoming ever more blurred as multi-strategy and new technology-driven systematic approaches underpin a new generation of ‘CTAs’.

Futures Stars: 12 for 2018 – (CTA Intelligence)

 

Despite his good health and scant use of health care services, Rossi’s insurance premiums have skyrocketed. In 2016, he paid $294.39 for an individual ACA plan with a $5,000 deductible. For 2018, Rossi is facing a monthly premium of $753 for a silver plan that has a $4,500 deductible. He’s not alone: Insurance premiums for ACA plans in Summit County rose an average of 32 percent for 2018 over the previous year.

The Healthiest State In The Country Has Some Of The Steepest Premiums – (FiveThirtyEight)

 

What does 30% margin equate to in terms of money needed in your account to trade these futures. Well, with Bitcoin at around $6,500 and the contract worth 5 bitcoin, the nominal size of the contract (as of today) would be $32,500 worth of Bitcoin. 30% of that is $9,750.

Bitcoin Futures Contract Spec – (RCM’s Attain Alternatives Blog)

 

How is the BRR calculated?

CME Bitcoin Futures Frequently Asked Questions – (CME)

 

To see what people in or near retirement can get from a robo-type service, we test drove offerings from Vanguard, Schwab, United Income and Betterment LLC—with the firms’ knowledge and support—using data from “Ellen and Greg,” a hypothetical 65-year-old couple in suburban New York who are about to retire.

Should Retirees Use Robo Advisers? – (Wall Street Journal)

 

Late last month, about 85 major farm and food groups sent the Trump administration a letter warning that withdrawing from NAFTA “would cause immediate, substantial harm” to U.S. food and farm industries and “to the U.S. economy as a whole.”

Could NAFTA withdrawal push Iowa into another farm crisis? Ag leaders say it’s possible. – (Des Moines Register)

 

But when it comes to farmland as percentage of each country, Europe reigns supreme.

Countries with the Most Farmland – (RCM’s Attain Alternatives Blog)

 

The bottom line is that, given the diversification benefit and the downside (tail-risk) hedging properties, a moderate portfolio allocation to trend-following strategies merits consideration.

Swedroe: Why Trend-Following Works – (ETF)

 

I recently interviewed the chair of the board of Patriotic Millionaires, Morris Pearl, on why he sees income disparity growing in the United States and how he believes the House and Senate tax bills would add to that. Pearl previously served as the managing director of the investment firm BlackRock.

A millionaire explains why he wants to pay more taxes – (VOX)

 

Only one thing is certain: the randomness. That’s why we pray. And that’s why we watch.

What If God Were A Giant Game Of Plinko? – (Fivethirtyeight)

 

At $450 million, the painting returned about 1.35% annually over five centuries

Is Da Vinci’s ‘Salvator Mundi’ Worth $450 Million or $454,680? – (Wall Street Journal)

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

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