The insider’s guide to personal investment success
Take control of your investments and get the financial results you deserve.
Stock picking: the zero sum game
“Don’t Blink! The Hazards of Confidence” by Daniel Kahneman. This article appeared in The New York Times Magazine over a month ago and serves beautifully to make the point that the results of stock picking can be likened to “a dice rolling contest, not a game of skill.” The article is adapted from Professor Kahneman’s...
No Forecast Allowed
The following article is from our friend Dan Wheeler www.wheelerwrites.com . Dan has an enormous amount of experience regarding the issues facing individual investors and this article highlights the danger of trying to make market forecasts. Every investor would love to know the future, and there is no shortage of “experts” willing to provide...
Active management, an inefficient form of foreign aid?
Richard Stott argues that passive management is a more stable and socially responsible approach to investment. Does Norges Bank Investment Management / NBIM's continued participation in the active buying and selling of investments go again social responsibility?
2011 market turmoil: “It’s deja vu all over again”
The financial markets are having one of their periodic periods of turmoil. This may cause many to panic and sell their investments. But not all is doom and gloom - economic progress continues. Richard Stott reassures investors to stay disciplined and stick to their strategies.
Investment is not about winning, it’s about not losing
Experienced investors gradually realise that successful investing is not about winning, it’s about not losing. By avoiding mistakes and accepting the returns that the capital markets provide you will give yourself a huge advantage. Successful investing is about developing a process to improve your chances of a good investment experience and avoiding poor investment experiences...
Beware of statistics from financial product distributors
Product distributors stand to make huge amounts of money if they can convince individual investors like us to buy their product. The senior staff’s bonuses and the value of their share options depend upon persuading you to buy their product. Clever use of fund performance statistics is one of their most persuasive tools. Product distributors will...
Be clear about your financial goals
In any discussion about money and how best to make it work for you, you have to decide what you are trying to achieve with the money, and what it is you are trying to do. A good financial guide will help you here. The best way to start is to ask yourself a series...