Posted 20 hours ago

Smarter Investing: Simpler Decisions for Better Results (Financial Times Series)

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My hair does a Van de Graaf every time I see the -74% real loss of the 1900s or the -73% shaft on the graph that is the 1940s. Investing as soon as you start earning can provide you with an edge. And even if you have crossed that point in your life, it is better late than never. Early investing can make sure that your money has enough time to grow into a substantial corpus fund that will serve you well in times of need or when you decide to retire. 2. Consistent Investments

The aggressive equity portfolio has an expected return of 6% pa with a 20yr chance of loss of 1 in 10 (10%). He says that the 80 / 20 rule (the Pareto principle) holds true in investment as much as anywhere else. the fact that most fund managers are forced to stay long through the bad times (( Tim doesn’t explain this, focusing instead on the fact that professional managers offer bad value for money ))We love working with our clients, many of whom have been onboard for well over a decade. We like to build strong, practical working relationships with our clients and are always available to help out on any of the myriad of investing issues that inevitably arise from time to time. We always aim to go the extra mile. Some investors make the mistake of avoiding risk. However, the savvy investor understands that you will not receive any reward without risks. As an investor, you are paid to take risks. When you avoid risks, your return is also a lot lower. If you want to invest wisely, you will have to take sensible risks.

But most of the other cuts from the 1st edition make sense, and amount to a sanding down of the material into the sleeker 3rd edition available today. Tim says that when he was writing the book, his friends and colleagues asked him to keep it short, since they didn’t have much time. In other words, he does a great job of trying to stop investors anchoring themselves to a notional number peddled by a calculator, brochure, or book.and to keep your costs down (( Tim doesn’t mention being tax-efficient, which can be just as important ))

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