Best personal finance newsletters

• The webpage discusses investment newsletters and stock-picking services with strong long-term track records.
• Two services are highlighted as having consistently outperformed the market over different time periods: Nate’s Notes and Investment Advisory Service.
• Both newsletters have outperformed the S&P 500 and other indexes over different time periods.
• Nate’s Notes has outperformed the S&P 500 by more than 6% p.a. over the last 20 years, and Investment Advisory Service has outperformed by more than 4% p.a.
• The Editor-In-Chief of Investment Advisory Service, Douglas Gerlach, has held this position since 2003, and Nate Pile has been publishing Nate’s Notes since its inception in 1995.
• Despite their impressive track records, these newsletters are not widely recommended on Reddit or other online reviews.
• The author raises concerns about popular services like The Motley Fool’s Stock Advisor, including that its outperformance has decreased since it began and that it is tech-heavy.
• The author also mentions that a large number of Motley Fool services have been discontinued following significant underperformance relative to the index, potentially implying selection bias.
• The comment section includes discussions about the accuracy of the fees and returns calculations of these services and the practicality of following their recommendations in real life.
• One user in the comments raises questions about whether the analysis takes into account the cost of active management and any fees, and whether the analysis is based on dollar-weighted vs. time-weighted returns.
• The user then questions how real-life investors can follow these recommendations, given that they may not have enough cash to follow every recommendation or may need to sell other positions to make new purchases.
• The author suggests that stock-picking services can serve as a complement to one’s own research and potentially an opportunity to learn methods that have consistently outperformed the market over both very long and short time periods.

• The webpage is a 3-year-old post in the subreddit r/slatestarcodex.
• A user asks for recommendations for the best finance blogs/newsletters and mentions that they’ve been reading Matt Levine’s Money Stuff.
• Several users provide recommendations for newsletters:
  • A user recommends Matt Levine’s Money Stuff and lists the newsletter links.
  • Another user recommends Morgan Housel’s blog.
  • A third user suggests FT Alphaville’s Further Reading and Felix Salmon’s newsletter.
  • A fourth user recommends D-squared’s archives and Scratchery.
  • A fifth user suggests Naked Capitalism.
• The user that recommended Matt Levine’s Money Stuff provided the following newsletter links:
  • Andrew Walker’s YAVB “Some Things and Ideas” - monthly finance links. Karma: 1.
  • FT Alphaville’s Further Reading - daily. Broad range. Karma: 1.
  • Climateer Investing - not a “round-up” post but offers a constant stream of interesting links each week. Karma: 2.
  • Collaborative Fund’s What we’re reading - weekly round-up. Karma: 1.
  • Liberty’s Highlights - daily links with commentary. Karma: 1.
  • Best of Econtwitter - weekly round-up of Econtwitter. Karma: 1.
  • Long Vol Short Prediction Markets- weekly links - mostly finance-y. Karma: 1.
  • Nuno Sempere’s Forecasting Newsletter - monthly prediction market/forecasting links. Karma: 1.
  • Byrne Hobart’s The Diff. No karma mentioned.
• The user that suggested D-squared’s archives stated the industries’ exhaustive compliance procedures can make it tricky to publish a lot of free and independent commentary in one’s spare time.
• The webpage shows the title “What are the best Finance blogs/newsletters?” with 10 points and 30 comments.
• Several users commented on the post, providing recommendations or agreement with the recommendations. The comment karma for each user is 2, 4 (twice), and 7.

• Reddit thread titled “Looking for finance and investing substacks”
• Users recommend their own and others’ finance and investing Substacks
• Links to various Substacks and newsletters are shared throughout the thread
• User with 2 karma suggested https://jacksonz.substack.com/, a free daily finance newsletter focused on macroeconomics and investing news
• User with 1 karma suggested https://moneyin2.substack.com/, which focuses on personal finance advice for young adults
• User with 1 karma recommended two Substacks: https://optoforesight.substack.com/ posts about under-the-radar stocks twice a month, and https://monsoonmarkets.substack.com/ offers resources and analysis for traders
• User with 1 karma shared their own Substack, https://open.substack.com/pub/psychologyofwealth?r=2tc5m2, which focuses on the psychology of wealth and investing
• User with 1 karma recommended the newsletter from GBC Capital, a venture capital firm, which can be found at https://www.gb.capital/
• User with 1 karma suggested https://retailtradersrepository.substack.com/, where they document their trading experiences and analyze trading ideas
• User with 1 karma recommended their own Substack, https://pfwj.substack.com/, which offers in-depth content about personal finance and investing
• User with 1 karma recommended https://uncoveredshorts.com/, which offers a trivia game called “Wordle for Wall Street”
• User with 1 karma shared their own Substack, https://cagrcapital.substack.com/, which offers a free value/general investing newsletter
• Links to other finance and investing newsletters and websites are also shared throughout the thread
• Some discussion about the content of specific Substacks and newsletters occurs in the comments.

• Discussion thread on Reddit titled “Who are your favorite financial newsletters?” asked users to share their most preferred newsletters.
• Users recommended free and paid sources for financial newsletters.
• User Ben Carlson recommended his own website “A Wealth of Common Sense,” which publishes investment and finance articles without stock tips, market timing or other pump-and-dump materials. Carlson is a financial advisor.
• A user suggested Cryptofada Research newsletter as it curates the best crypto research and opportunities to become a profitable trader or investor.
• Cryptofada newsletter comes twice a week with topics such as Defi Yield farming, staking, Crypto trading, and protocol analysis.
• Stansberry Research was mentioned by another user.
• Another user contested the claim and called it a huge scam while accusing the company of fear-mongering.
• The user clarified their experience with the newsletter. Most of their positions were up 50+%.
• Herb Greenberg was recommended for his awesome articles on Bulletin.

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• The Reddit post titled “Recommendations for Finance Newsletters or Data sources alike” is over a year old and has received 24 points.

• The post author is asking for free newsletter or news data sources that cover financial topics such as Alternative Credit, Hedge Funds, Private Equity, Real Assets, Venture Capital, and Economic updates accessible in India.

• Several users provide recommendations in the comments section, including:

  • Matt Levine from Bloomberg, who is described by one user as “hilarious and fucking brilliant” (6 karma)
  • Barry Ritholtz, who puts out a great rundown of top news (no karma specified)
  • J.P. Morgan’s “Guide to Alternatives,” which is described as “amazing” and free (no karma specified)
  • Bloomberg Surveillance podcast, which is daily and features interviews with market participants (no karma specified)
  • Term Sheet / Axios ProRata for VC/PE (4 karma)
  • Howard Marks’ memos for business and economics education (4 karma)
  • Seeking Alpha for a diverse range of topics and research reports (3 karma)
  • Bain’s annual PE survey, which is free and insightful for interviews (5 karma)
  • Cohen and Steers for good research/updates on alternatives (2 karma)
  • Prequin for free reports on alts (3 karma)
  • Mergers and Acquisitions newsletter for covering big deals (3 karma)
  • Semafor newsletters for global/general business news (2 karma)
  • Macro Voices podcast for in-depth analysis on the economy (2 karma)
  • Wealthion podcast similar to Macro Voices (2 karma)
  • Behind the Markets and This Week in Startups podcasts also recommended (2 karma each)
  • pure.news, a site that sends out the latest finance news stories without paywalls (1 karma)
  • UpperWestGuy’s Substack, a free daily market recap that is easy to follow (1 karma)

• One user also recommends their own free daily market newsletter, The After Hours Report, which includes a market report, earnings report, M&A Report, and IPO report (2 karma)

• Another user suggests the Wall Street Rollup for a focus on PE & credit and a large M&A transaction blotter (1 karma)

• And finally, one user offers to chat with someone interested in creating their own newsletter for a similar niche (1 karma)

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• Reddit thread titled “What blogs or financial newsletters do you guys read/subscribe to?” in the r/M1Finance subreddit from four years ago with 17 points
• One user likes WSJ as well as several investing-related podcasts on Spotify: The Motley Fool, Chit Chat Money, Morningstar’s Investing Insights, The Investors Podcast, Seeking Alpha’s Wall Street Breakfast, Robinhood Snacks, and WSJ Money Briefing
• Another user recommends Graham Stephan, characterizing him as Dave Ramsey’s dark reflection; the user also likes Ben Felix and MorningBrew’s daily newsletter
• A third user suggests checking out Meb Faber’s website for free research papers, as well as Stansberry Research for quality recommendations without too much risk
• Other recommendations from various users include: Meet Kevin and Stock Moe on YouTube, Finimize newsletter, Animal Spirits podcast, and the Bogleheads Blog and Portfolio Charts websites
• Some users caution that several popular YouTubers lack sophistication and provide biased or entertainment-focused content; one user notes that the majority of financial news nowadays seems slanted more towards entertainment than learning
• Several users engage in off-topic, low-karma discussions about the colloquialism “y’all” and its regional basis

• Reddit post asking for recommendations on personal finance blogs and newsletters
• User looking for a source that explains personal finance basics in an interesting way using real-life examples and stories
• Several users offer suggestions, such as Collaborative Fund, The Big Picture, A Wealth of Common Sense, and Stratechery
• Collaborative Fund - website/blog of a venture capital company founded in 2010
  • Morgan Housel, author of The Psychology of Money and partner at Collaborative Fund, writes for the blog
  • Energizing, easy-to-read content that presents money and life stories in an easy-to-consume format
• The Big Picture - blog by Barry Ritholtz, founder of Ritholtz Wealth Management
  • 10 links and 1 graphic a day format that provides context for what is happening around us every day
  • Occasionally features packed presentations with stories and anecdotes this user is looking for (karma: 2)
  • Presentation on how to avoid financial disasters: https://ritholtz.com/2023/03/presentation-how-to-avoid-financial-disasters/
• A Wealth of Common Sense - blog by Ben Carlson, director of institutional asset management at Ritholtz Wealth Management
  • Provides current-day developments in personal finance with comparisons to past developments
  • Long-form, detailed reading (karma: 5)
• Stratechery - blog by Ben Thompson
  • Stories about strategies pursued by companies, not directly related to personal finance
  • Thought process laid out gives a framework to understand the world around us and how it impacts personal finances (karma: 2)

💭  Looking into

The unique benefits and drawbacks to each popular personal finance newsletter

💭  Looking into

The top 3 most highly reviewed and recommended personal finance newsletters