Tuesday, 3rd September 2019
Certainty should always be challenged….
Some folk get their fix of excitement and entertainment from sport….
Others play Tour of Duty or Assassin’s Creed….
Others still prefer the titillation served up on TV shows like Love Island or Naked Attraction….
Here at MT we get our kicks (and laughs) from the regular flow of mishaps and mayhem served up by the world of money….
- Winning investment advice for a new century….
We probably don’t have to go all the way back to the beginning of the 21st century to find a starting point for this week’s dose of truth….
But what the hell….
I was reminded about this scenario over the weekend and it is fresh in my noggin. So, here goes….
Back in August 2000 – with a brand-new untapped century stretching out in front of it – Fortune magazine attempted to hit the ground running by providing its readership with what it no doubt hoped would be some winning investment advice….
The piece was entitled 10 stocks to last the decade….
The idea was that if readers bought these stocks and held them over the next 10-years then they would surely do well….… Click here to read more
Tuesday, 18th June 2019
When value and magic run out….
Fly too close to the sun and you run the risk of the heat melting the wax that attaches the wings to your body….
The subsequent fall to earth will be both spectacular and devastating….
Students of Greek mythology will know that Icarus found all this out for himself via painful experience….
Students of the markets will recognize that Neil Woodford is currently experiencing an ‘Icarus’ moment of his own….
For a long time, fund-manager Neil Woodford could do no wrong. He flew high – a mere small dot circling in the blue sky overhead….
He banked big profits for his investors at Invesco between 1988 and 2014 – profits well ahead of those posted by the opposition….
So much so, he was seen in financial circles as a man with the Midas touch….
His performance was widely feted, his sage pronouncements much-coveted, and his every market move pored over, analyzed and frequently duplicated….
Woodford was ‘smart money’. The man it paid to follow. A luminary among lesser money-managers. A ‘star’ in the financial universe no less….
When he branched out to form Woodford Investment Management in 2014, he enjoyed the backing and support of Hargreaves Lansdown – the largest investment platform in the country….… Click here to read more
Tuesday, 7th May 2019
Why money-managers and brokers are rarely contrarian….
As a private investor with money to put into the market, there are basically two choices on how to proceed….
One, you can trust to your own powers of analysis, do your own due diligence, come to your own conclusions and allocate your own capital into the vehicles, instruments or stocks you determine to be appropriate for your needs….
Or two, you can trust to the ‘experts’ – professional brokers, analysts and money-managers who get paid to put your money to work for you….
There’s a whole multi-billion-pound international industry built on the idea – and constantly promoting the argument – that trusting to the ‘experts’ is the way to go….
After all, the ‘experts’ have the skills, the knowledge, the experience, the know-how, the savvy, the contacts, the inside-information, the data, the tools, the resources and the technical proficiency to get the job done more effectively – with measurably better outcomes – than poor old individuals like you and I could ever hope to achieve under our own steam….
At least that’s what ‘they’ say….
…. the self-same professional brokers, analysts and money-managers who rely on the commissions paid by private investors like you and I to put bread on the table and petrol in the Ferrari….… Click here to read more