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Do you have an issue with horizon risk?
Everyone should have a long-term investment horizon. But we also have different time horizons for different goals and need to be aware of how those horizons change. Financial advisers are always telling their clients to invest for the long term. It is important to think about returns over 15 or 20...
What useful function do investment consultants serve?
One of the more welcome aspects of the recent announcement by the Financial Conduct Authority of its review of the value provided by UK asset managers is that the study will include the role of investment consultants. These are typically employed by...
The lies investors tell themselves
Human beings tell little white lies all the time. I do. You do (and if you tell me you don’t I swear I can see your nose growing!). It’s not just others we try to fool. We constantly lie to ourselves —...
#SFTW: Watchdog to investigate UK fund industry, don’t get your hopes up
SOMETHING FOR THE WEEKEND Watchdog. There was a big development in the UK this week, with the Financial Conduct Authority announcing a review of the value (or lack of it) provided by the asset management industry. There’s been plenty written on this, but...
The most important advice for investors? Do less — Tadas Viskanta
There are only about half a dozen blogs in the world that those with a serious interest in investing need to follow. One of them is Tadas Viskanta’s Abnormal Returns. For me, Tadas is the best curator of quality investing content on...
Video: UK investing is several decades behind the US — John Authers
It’s funny how, throughout life, our paths cross with other people’s. More years ago than either of us care to remember, John Authers and I once competed for the editorship of the Oxford University Students’ Union magazine. We now find ourselves on...
Poor fund performance is a global problem — Craig Lazzara (Part 2)
Since S&P Dow Jones issued its first SPIVA report 2002, this twice-yearly scorecard on active fund performance has consistently shown that, in the US, actively managed mutual funds routinely underperform their respective benchmarks in every asset class and almost every style. But,...
