We all have a lot going on.
Our careers, families, hobbies and sports.
Then there's the added anxiety that comes with the New Year...
New goals and new financial obligations.
You wouldn't be blamed for thinking there's simply not enough time in a day.
On top of everything else...
You want to be a better investor so keeping up with financial updates is vital.
Well, here's a start...
Guest post from Robin Powell of The Evidence-Based Investor blog...
One of the biggest attractions of having a broadly passive investment strategy is the simplicity of it.
You don’t have to speculate on particular sectors or regions or constantly monitor how your portfolio is performing.
The long-term market return is more than adequate to meet the need of most investors.
December seems to be one of the most difficult months for financial goals.
Am I right?
There are holidays to pay for.
Gifts to buy.
Endless events and functions to attend.
It can test even the most conscientious savers to spend more than intended.
And that's okay.
As long as you get back on track.
More has been written on the active versus passive debate than probably any other issue facing investors.
Every day people are coming up with different theories as to why one is better than the other.
Depending who you speak to, people are passionately for one and against the other.
So which approach is right for you?
A new year and new goals.
No doubt there’ll be new information about where best to invest.
You’ll stumble upon websites predicting the year’s best funds or cryptocurrencies.
You’ll probably find all the information confusing.
And most likely contradictory.
One of the most important concepts for investors to grasp is compounding.
It’s the principle on which most great fortunes are built...
And it’s far more powerful than you might imagine.
Science has changed every aspect of our lives...
Including how we communicate, travel, shop and even invest.
And the technology keeps improving.
In the financial world, those who don't keep up, often fall behind.
And sell their clients short.
If you follow me on social media or keep up with my blogs...
You'll know I often talk about the dangers of structured products.
My stance frequently riles up investors and financial advisers who "firmly believe" in their benefits.
But these people are wrong.
The risks that come with structured products far outweigh their benefits.
Let me explain...