Behaviour
Selling in a fall is the most expensive thing investors do
The gap between fund returns and investor returns is well documented, and it is almost entirely behavioural.
Alastair Nguyen
Editor, The Investment Habit
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5 articles
Behaviour
Chasing last year's best fund is a reliable way to lag
Performance tables are backward-looking, and buying the top of one has a poor record.
Risk & Allocation
Time horizon does more work than risk tolerance
How you feel about volatility matters. When you need the money matters more.
Drawing an Income
Sequence risk is the retirement problem nobody plans for
Two portfolios with identical average returns can produce very different outcomes depending on when the bad years arrive.
Drawing an Income
Dividends are not free money
A dividend reduces the value of the holding by roughly the amount paid. Treating it as income separate from capital leads to bad…