Last time we heard from the investment author and former hedge fund manager Lars Kroijer on how to respond to stock market volatility. In Part 2 of this series, Robin Powell asks him about his book, Investing Demystified, now in its second edition.… Read the rest
Last week was a volatile week on the global stock markets. Even for experienced investors, episodes like these can be quite unsettling. So, what if anything should investors do now? Lars Kroijer is a former hedge fund manager and author, whose book, Investing Demystified, advocates a simple, low-cost and highly diversified investment philosophy.… Read the rest
Living a happy and fulfilled life is largely about finding the right balance. We all know, for instance, that maintaining a healthy weight entails eating less and exercising more, but life would be boring if we never overindulged; and occasionally skipping that weekend run and curling up with a book instead won’t do you any harm.… Read the rest
ETFs have become the investment vehicle of choice for financial advisers in the United States, but here in the UK they have been relatively slow to take off among the adviser community.
No, ETFs are not the only type of product advice firms should be using, but they do provide a simple and efficient way to invest in broad market indices at very low cost, and advisers should know far more about them than they do.… Read the rest
One of the most important reasons for using a financial adviser is that it protects the investor from his or her own behavioural biases. Poor investor behaviour, even more than fees and charges, is a key contributor to disappointing returns and, by helping clients to avoid pitfalls such as trying to time the markets or chasing performance, advisers can add significant value over time.… Read the rest
I recently had the great pleasure of spending an hour and a half with Harry Markowitz, one of the biggest names in academic finance. He had so much to say that I’ve divided the interview into two parts, of which this is the second.… Read the rest
Retirement planning was fairly uncomplicated in 1970s Britain. Men retired at 65 and women an 60, and because of a relatively generous state pension, even the less well-off didn’t need to worry too much about not running out of money in old age.… Read the rest
These days we’re obsessed by value — not just businesses, but individuals too. We all want to make the most of the limited financial resources at our disposal, and quite right too.
There is however a danger in constantly looking at value in purely monetary terms.… Read the rest
As the founder of Modern Portfolio Theory, Harry Markowitz has had a positive influence on the lives of hundreds of millions of people around the world. He’s also a Nobel Laureate in Economics. Yet for all his achievements, he remains, at the age of 90, an extremely modest man. … Read the rest