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
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
- In the search for yield, UK Equity Income is a key component of client portfolios.
- There are a number of UK Equity Income ETFs to choose from, each tracking a different methodology.
- This study looks at the different index methodologies’ impact on Sector Allocation for investors that focus on the business cycle.
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
There’s a cognitive bias, widely recognised in the field of social psychology, called illusory superiority. In fact it’s been called many things — leniency error, the superiority bias and the primus inter pares effect, for example — but it’s perhaps most popularly known as the Lake Wobegon effect, named after the fictional town created by the author Garrison Keiller.… Read the rest
It’s one of the ironies of asset management that as well as being one of the world’s most dysfunctional industries, it’s also one of the most successful. According to Willis Towers Watson, total assets under management grew by 5.8% in 2016, reaching $81.2 trillion by the end of the year.… Read the rest