Based on all the reading I am doing, I am reasonably confident of my ability to just buy and hold a two or three fund portfolio. And no, I don't make rash decisions, investment or otherwise.
A one-off advisor is an option I have considered before. I also asked a friend of mine who is a full time investor, but her approach is to buy things like Fundsmith which I am not crazy about.
I guess my main hurdle was/is knowing about the knowledge cutoff. I thought to be an Investor(TM) you need to know things like Sharpe ratio, alpha etc (which I do now) and it was an incredibly complex and arcane art. However, it seems the basics are simple enough, just like when I first started working as a translator (my job for 20+ years) I thought you needed to know all the declensions and clauses of all languages...which couldn't be further from the truth.
A one-off advisor is an option I have considered before. I also asked a friend of mine who is a full time investor, but her approach is to buy things like Fundsmith which I am not crazy about.
I guess my main hurdle was/is knowing about the knowledge cutoff. I thought to be an Investor(TM) you need to know things like Sharpe ratio, alpha etc (which I do now) and it was an incredibly complex and arcane art. However, it seems the basics are simple enough, just like when I first started working as a translator (my job for 20+ years) I thought you needed to know all the declensions and clauses of all languages...which couldn't be further from the truth.
Statistics: Posted by Cyath — Fri Jun 21, 2024 1:19 am