What caught my eye this week.
Technology marches on. I almost got knocked over by a stealthy Tesla this morning. The electric vehicles proliferate along my street like units spawning in a real-time strategy game.
Meanwhile, Apple is readying its Vision Pro headset to immerse us in new realities – or at least its App store – while chatbot AIs conspire in the wings. India just launched a mission to the other side of the moon.
Monevator is not being left behind in this tumult. That’s right! Thanks to your support and the efforts of our hard-working engineer(s), we’ve finally enabled reader edits in our comment section.
That’s right, no need to regret one ‘s’ too many in the word ‘recession’ anymore. When you post a comment, you will have five minutes to give it a read through and tweak. You can also delete your comment entirely if you have second thoughts.
For Monevator members, there’s no time limit. Your comments will always be editable and can be deleted, provided you’re logged-in and posting under your registered email address.
Our comments are home to excellent discussions, and I’ve long resisted tampering with a winning formula. But editing has been requested many times. Hopefully this strikes the right balance.
One worry I’ve had is a rare malicious poster manipulating their comments for nefarious reasons. The five-minute timer should restrict the scope for that. We’re implicitly trusting members to be good actors by removing the time limit for them.
But just to be safe, all edits are tracked and stored. If someone does say something just to start a row and then sneakily goes back and changes what they wrote – a big reason I’ve avoided allowing edits for so long – then we’ll know.
For 99.9% of you this is irrelevant. But trolls beware!
Otherwise bumper links this week, with lots to be discussed. How crazy is that graph of parental help for house deposits? Then there’s the pension shake-up shenanigans…
Enjoy the reading – and maybe the writing and – have a great weekend.
Interest rates on cash at investment platforms – Monevator
From the archive-ator: Summertime  and the living is queasy – Monevator
Note: Some links are Google search results – in PC/desktop view click through to read the article. Try privacy/incognito mode to avoid cookies. Consider subscribing to sites you visit a lot.
Mortgage rates hit a 15-year high in Britain – Which
Renting a room tops £700 a month; £971 in London – Guardian
GDP fell 0.1% in May – Guardian
Bank of England: mortgage defaults rise 30% in three months – This Is Money
National debt could reach 300% of GDP by 2070s, says ONS – Sky News
Ripple notches landmark win with SEC over cryptocurrency – Reuters
Home ownership in Britain has become a hereditary privilege [Search result] – FT
Pension raid to boost blighted Brexit Britain* news mini-special
‘Mansion House reforms’ seek to channel pension savings into unlisted firms [Search result] – FT
All the official pointers and documents regarding Jeremy Hunts proposals – GOV.UK
Rolling the dice on British pensions [Podcast, excellent overview but the call for local authority apparatchiks to make sub-scale investments in unlisted local projects using other people’s life savings is bonkers IMHO] – A Long Time In Finance
How to opt out of Hunt’s risky plans for your pension [Search result] – FT
Pensions industry tries to get to grips with ‘avalanche’ of developments – Pensions Age
I told you so – Monevator
*I may be editorializing a tad.
Products and services
Coventry’s new easy access account pays 4.5%; four withdrawals a year – This Is Money
TSB launches £200 bank-switching offer – Which
Transfer your SIPP to Interactive Investor in July and get from £100 to £3,000 in cashback, plus pay no SIPP fee for six months. Terms apply – Interactive Investor
NS&I boosts rate on one-year bond to 5% – NS&I
UK banks improve rates for savers after FCA meeting [Search result] – FT
What to do if your phone gets stolen – Which
MMM reviews his Tesla Model Y – Mr Money Mustache
Amazing UK homes to rent, in pictures – Guardian
Comment and opinion
Passive investors: enough with the puritanism – Humble Dollar
Labour’s plan will not transform UK’s poor economic prospects [Search result] – FT
Gen Z want to work ‘lazy girl jobs’. Who could blame them? – Guardian
Should emerging markets play a role in your portfolio? – Morningstar
Why 1966 was the worst year to retire – Think Advisor
Understanding Fat FIRE: an in-depth guide – Of Dollars and Data
UK consumers splashed the cash, and helped push prices up – David Smith
Have older investors become too aggressive? – Morningstar
Career – Indeedably
What exactly is your problem with stock index concentration? [Search result] – FT
A blueprint for peak retirement – A Teachable Moment
Naughty corner: Active antics
UK PLC going cheap. [I wonder what happened in 2016…?] – Merryn via Twitter
Private equity firms add debt. That’s just about it – Verdad
The UK market boasts an abundance of high-yield stocks – UK Dividend Investor
A first-half investment trust portfolio review – IT Investor
Are you a good investor? – Maynard Paton
This US small cap has paid an unbroken dividend for 205 years – Motley Fool
Ten graphs that show how the year has been full of surprises (as usual) – Bilello
Signs of hope for late-stage private market valuations – Axios
Kindle book bargains
Money Men by Dan McCrum [On the Wirecard fraud] – £2.99 on Kindle
The Ride of a Lifetime by Bob Iger – £0.99 on Kindle
How to Own the World by Andrew Craig – £0.99 on Kindle
How alt fund managers became green energy leaders – Institutional Investor
Orca whales are ramming boats. Why? – Guardian
How ancient ‘skywells’ keep old Chinese homes cool – BBC
Scientists are ready to formally declare the Anthropocene era – Sky News
Will you catch dengue fever in Europe this summer? – Which
Researchers find 176 bird species using man-made materials in nests – The Conversation
Scientist says we’re in “uncharted territory” after world’s hottest week on record – Lad Bible
Turning humid air into renewable power – Guardian
Robot overlord roundup
How AI chatbots can help you understand – Humble Dollar
Off our beat
What did people do before smartphones? – The Atlantic via MSN
Do hard things if you want an easy life – Darius Foroux
What to make of physicist’s claim to alien discovery? – The Conversation via Yahoo
The 2023 Comedy Pet Photography Awards, in pictures – Guardian
The story behind the Mission Impossible theme tune – The Honest Broker
Peak China and the coming of ‘Altasia’ – Noahpinion
“Reps, reps, reps.”
– Arnold Schwarzenegger, Total Recall