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What's likely to kill you and your investments
What's likely to kill you and your investments? Barry Ritholtz says that just like our inflated fears of sharks and terrorists, we spend too much time as investors focusing on things that are relatively rare - like market crashes. On the flip-side, Ritholtz believes investors ignore little things that are likely to do damage over the long term, namely trading too much, paying too much in commissions, generating a big and unnecessary tax bill. These are the cholesterol of investing. They won't kill you tomorrow in a spectacular fireball or shark attack. But they will kill you in the end, slowly and quietly, and with great finality. A good read with some entertaining stats... (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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