Finding the right money manager can be like looking for a needle in a haystack. The following should help to narrow your search down.
1: The Fund Manager
2: Skin in the Game
3: Long-term Historical Performance
4: Concentrated Holdings
5: Low Turnover of Stocks
6: A Fund that has not Grown too Big, or is too Small/Illiquid
ONE: The Fund . . .
1: Their performance just isn't good enough
The vast majority of fund managers will fail to outperform their benchmarks in the long-term, after their fees have been deducted. This is the wealth management industry's inconvenient truth. You will generally be much better off buying a 'tracker' ETF or fund that tracks the . . .
The online Oxford dictionary defines guerilla as: 'A member of a small, independent group taking part in irregular fighting, typically against larger, regular forces.'
For guerilla finance, the larger, regular forces are institutional money managers, whose services are not fit for purpose. The next post will offer some more detailed . . .
This post is intended as a short, common sense introduction to financial investment for normal people who have some spare money and don't have time to work out what to do with it. None of it is intended as advice.
ONE: What are you investing for?
You should be looking to make a 'Real Total Return'. This means your return after it . . .
'To invest successfully, you need not understand beta, efficient markets, modern portfolio theory, option pricing or emerging markets. You may, in fact, be better off knowing nothing of these. That, of course, is not the prevailing view at most business schools, whose finance curriculum tends to be dominated by such subjects. In our view, . . .