Terry Smith's Fundsmith beat the market for a decade, then trailed four straight years. £3.31bn fled in 2024. Most investors lost money vs a tracker. Why? Timing. They bought high after stellar returns, sold low during underperformance. Jack Bogle's iron law: money arrives after gains, leaves during losses. Even star managers can't beat that.
SJP's low-cost funds, charging 0.2%, look competitive — but total costs matter more. What existing and prospective SJP clients need to know about value.
Three crucial questions to ask a financial adviser can save your wealth from hidden conflicts. After Vanguard's settlement exposed industry-wide problems, learn how to identify trustworthy advisers, spot red flags, and protect yourself from expensive mistakes.
Robin Powell
Sep 311 min read
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