Our journey to wealth started in earnest about ten years ago. My wife and I had just moved to London. In our late 20s / early 30s respectively, we were about to embark on the next leg of our professional careers – and were determined to make the most of it. The first five or …
When Everything Goes Wrong (Or Why Some People Will Never Get Rich) Read More »
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 first group.”
The period between 1999 and 2009 will likely go down as the “decade of pain” for US large-cap investors.
The S&P 500 followed the roaring 90s with a nasty, -2% annualized return over the subsequent ten years.
And yes, that does include reinvestment of dividends.
As a child, I was never particularly athletic.
Choosing between a book and a ball game, I’d always go for the former.
Suffice it to say that my popularity as a kid fully reflected my choices. But then, it all changed.
To kick off today’s post, let me tell you a little story. The story is about a good friend of mine from the MBA days. To preserve confidentiality, we can call him Mike. Today, however, I will call him the Frustrated Consultant. With that in mind, I present to you: The Story Of The Frustrated …
The other day, I had a call from my relationship banker across the pond. Now, I have no idea why I have a relationship banker. I’m far, far away from meeting the definition of an ultra-high-net-worth individual, for whom such niceties are usually reserved. I’ll take it as far as to say I am reasonably …
A few weeks ago, I sat down on a Saturday afternoon to write a post about the top investing mistakes people make on their journeys. Now, I am not talking about active investing, trying to time the market, or even join that exclusive club of people who actually beat the market. We’ve covered all that …
A lot has been said about the tremendous run-up in the stock market since the global financial crisis. Historically, the S&P 500 returned about 10% a year (nominal, with dividends included). Over the past decade, however, the returns are well into double digits: So far, that trend has continued in 2021. S&P 500 now stands …
