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TCFP91: long, painful financial death
We have an innate ability to make daft financial decisions. As Nick Murray states “Human nature is a failed investor”. And, on Radio 4 recently Steven Pinker opined: “People are more likely to regularly invest in a lottery ticket, where you’re almost guaranteed...
A simple reason for poor returns in 2022
Investment returns were not good in 2022. As THIS ARTICLE from Ben Carlson suggests there were several culprits for the malaise. But could a major reason have been overlooked? Could it be that that investment prices fell because they had gone up too much in the...
Musings 18/01
A couple of things that came to me recently.... "The 28 Laws Of Attraction" There are some great points in “The 28 Laws Of Attraction” by Thomas J. Leonard – I recommend at least a thorough scan of this book. These thoughts about “value” jumped out at me:...
Facts vs Hunches
You may be stuck with the thought "I can't afford to retire". But how do you know for sure? You may be thinking "I want to pay less tax". But what if that doesn't result in a better outcome in the long term? Or how about "It'll never happen to me" when it comes...
ICM: Notes from the 10 January meeting
The TCFP investment committee met yesterday to discuss the current economic, political and investment environment. As a result the TCFP Model Portfolio will remain unchanged. Here are brief notes of our discussion: Politics The political situation here, over...
How we helped in 2022
Good financial planning does not focus on investment returns, costs and tax etc. They are elements financial planning but not the purpose of a financial planning. Good financial planning focusses on where you are now and where you want to be, what is and is not...
The work or the outcome?
Which is more important? THIS POST from Seth Godin got me thinking. We focus on the outcome – what we want our client, partner, friend, child to do – to our cost. The cost is not doing our best work, not doing the right thing. If we start with the...
TCFP90: Cost vs Value
Good morning and welcome to 2023. I hope you have all enjoyed a peaceful Christmas and New Year, I certainly did, and I am raring to go in 2023. We went to Lapland before Christmas, and it turned out to be a great reminder about cost and value. Finland is the...
Musings 4/1
Some thoughts that wafted through me not so long ago.... Value Aged 14 vs Value Aged 50 Value “feels” different to each of us. My Asics (“proper” trainers that help my ankles when walking) are hugely valuable to me. Unsupported “fashion” trainers are not. My 14...
Good reads 01/23
Three good articles that caught my eye recently: Barry Ritholtz - Can Anyone Catch Nokia?: What the demise of Nokia should teach us, but we have not learnt. Have we? Seth Godin - No Good Ideas?: The tricky bit is not having ideas..... Vanguard - Quantifying The...
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