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    • 1. What is a share of equity?
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@pierre

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Registered: 9 years, 5 months ago


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Ten principles

  • 1. What is a share of equity?
  • 2. Investing in individual companies is risky
  • 3. Diversification greatly reduces the risks while keeping the return high
  • 4. If you don’t have a 10-15 year investment horizon, then you shouldn’t own shares
  • 5. The market is very efficient and the price is right most of the time
  • 6. Fund managers almost never beat the market and are eating your lunch
  • 7. ETFs provide a great and low-cost alternative to actively managed funds
  • 8. 80% of your portfolio performance is determined by asset class allocation, not selecting individual shares
  • 9. Don’t buy what you don’t understand
  • 10. Once you have an equity portfolio, rather than going to sleep for 10 years, you should keep an eye on it

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Recent posts

  • Credit Suisse: Global Investment Returns Yearbook 2017 05/04/2017
  • The Economist: do smart-beta investment funds work? 20/03/2017
  • The Economist: three sanity tests for whether tech firms are living in a bubble 27/02/2017
  • The Economist: It is not easy for investors to recognise a bubble 13/02/2017
  • New York Times: John Maynard Keynes’s own portfolio not too dismal 20/01/2017
  • The Economist: the British mutual-fund fees are too high 01/12/2016
  • The Economist: Index we trust 01/12/2016
  • The Economist: Warren Buffett’s 50 years running Berkshire Hathaway have been one of business’s most impressive winning streaks 14/10/2016

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Recent Posts

  • Credit Suisse: Global Investment Returns Yearbook 2017
  • The Economist: do smart-beta investment funds work?
  • The Economist: three sanity tests for whether tech firms are living in a bubble

DAX today and in the past

DAX on 15 December: 13100
DAX 10 years ago: 7500
DAX 20 years ago: 4300
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