Destruction of value
Investing

Destruction of Value

About ten years ago, I attended an investment conference that brought together students and faculty from a number of MBA programs on the East Coast. Eugene Fama was one of the keynote speakers at the event. This was a few years before he won […]

No return
Investing

Irreversible

After seven and a half months of working from home, I have finally had enough. Driven by a desire to insert a bit more separation between work and life, I put on my mask, boarded the Jubilee line, and headed for the office. To […]

Investing

Back In Action

You may have noticed that as of last week, we are back to regularly scheduled, twice-weekly programming here at Banker On Fire. Two weeks in Spain flew by. It wasn’t a relaxing holiday by a stretch – a toddler, an infant, and a stream […]

Loving Active Investors
Investing

Falling In Love With Active Investing

In the personal finance community, you will struggle to find a set of people more vehemently disliked than active money managers. Yours truly certainly shares the sentiment. There are exceptions, of course. Star managers who haven’t (yet) fallen from grace. The rare species who […]

Smarter than the stock market
Investing

Who Is Smarter Than The Stock Market?

“Objects in the rear-view mirror may appear closer than they are”. Right now, the opposite is true. It feels like a lifetime ago – but it has only been 11 weeks since we were trying to find a way forward in the midst of […]

Investing

The Future Is Tech… Or Is It?

One possible explanation for the recent divergence in stock market performance vis-à-vis the broader economy is the performance of the tech sector. Microsoft, Apple, Amazon, Alphabet, and Facebook now comprise ~22% of the S&P 500 index. It’s no wonder that the stock market held […]

Losing the plot
Investing

Losing The Plot

“It’s all over. They’ve gone and lost it.” This was just one of the comments that popped up in my Facebook feed on March 15th, the day the Fed cut interest rates to zero and launched a massive stimulus program. “They have nothing left […]

People who beat the stock market
Investing

The People Who Beat The Stock Market

The biggest refrain you hear from people who think you can beat the stock market goes as follows: “By definition, 50% of investors do better than the market and the other 50% do worse. Surely it cannot be so hard to be in the […]

Introduction to investing in bonds
Investing

An Introduction To Investing In Bonds

It has been more than a year since I started this blog and I still haven’t written a single word about investing in bonds. There are good reasons for it. First of all, my own investment portfolio consists of 100% equities at the moment. […]

Oil Price
Investing

Doom, Gloom, And Negative Oil Prices

For anyone who is following the financial markets these days, Monday was an eye-opener. For the first time in history, the price of oil has gone into negative territory. At its nadir, a barrel of WTI (West Texas Intermediate, the US benchmark for oil) […]

The real path to wealth
Investing

The Real Path To Wealth

Let’s have some fun with the numbers today. If you have spent any time reading personal finance articles on the web, you’ve invariably come across a graph that looks like this: Net Worth Evolution You, becoming a gazi millionaire The graph above assumes you […]

Proud owner of a junior ISA
Investing

Junior ISA: Is It As Good As It Seems?

Using a tax-efficient investment vehicle like a junior ISA can be one of the best ways to build wealth and grow your net worth.  The fact that the dividends and capital gains generated by your investments are tax-free makes a massive difference.  In addition, […]

save as you earn
Financial Independence

Should You Say Yes To Save As You Earn?

Sometimes it seems there is nothing but obstacles on your road to financial independence.  Stagnating pay, high taxes, the ever-increasing cost of living, stock market downturns.  Take your pick – all of these will all take a bite out of that nest egg you […]