"Market data doesn't lie. So we've made a crucial decision. We're not going to try and win a few hands - we're going to own the casino" - Matt Hall
I love this quote by Matt Hall in his book, Odds On.
He’s comparing ‘traditional’, speculative investing with a ‘systematic’ or evidence-based approach.
Like a roulette wheel, global equity returns are random.
Winning big may occasionally happen.
But this is down to dumb luck.
Here’s the proof.
I watched a powerful video over the weekend.
Watched by almost 8 million others - it’s just 2.44 mins long…
It sums up how important your time is.
And how the decisions you make…
(big and small)
Have a huge impact.
I recently overhead a client ask:
“Am I going to be okay?”
Like many of our clients, he was a ‘HENRY.’
High Earning Not Yet ‘Rich’.
OR at least not rich enough to have no money cares in the world.
He worries about having enough to see him through retirement and set his children up for their futures.
I wasn’t surprised to hear this…
Outguessing market prices.
Picking the next winner.
Finding a truly undervalued investment.
All proponents of the traditional approach to investing…
Yet all, according to evidence, impossible.
In case you missed it.
This week I mentioned 4 key factors that either make an adviser ‘worth it’ or not.
Here’s the next set.
And surprisingly, they are all about YOU.
Another great question from a reader.
Let’s be honest, it’s what we’re all thinking.
It’s one of THE most important questions when it comes to financial advice.
So is hiring an adviser worth it?
My answer might surprise you.
Many of us own property back home.
Some of us have mortgages on our expat homes too.
While most expats rent...
Emotionally, it often feels we should be buying.
Which one leaves us financially better off?
It’s mind boggling active investing still survives.
Despite all the studies proving its underperformance.
Yet many investors choose to miss out on new opportunities.
Adamant that a tech-driven, science-based, systematic approach to making more money is not for them.