Want better returns? Try doing nothing

Patrick Poke

Livewire Markets

There are ~20,000 securities in Vanguard’s broadest index products, but even this pales in comparison to the 28,700 managed funds, hedge funds, and ETFs globally. Ben Carlson, CFA, Portfolio Manager at Ritholtz Wealth Management commented that “the paradox of choice makes it extremely difficult for investors to wade through this sea of complexity, but it also increases the temptation to make changes to a portfolio. People have a hard time sitting still in the face of this sheer number of choices, even when there are proven benefits from inaction with your investments.” Or as Eugene Fama put it, “there’s one good financial idea every decade or so, and 5 to 10 marketing ideas a week.” In the full article, Ben makes the case for doing less, not more: (VIEW LINK)


Patrick Poke
Managing Editor (Editorial)
Livewire Markets

Patrick is the Managing Editor (Editorial) at Livewire Markets, returning to the team after a four year hiatus. His focus is on editorial strategy, development, and of course, he still loves to write, host, and present when the opportunity arises....

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