April 2020
Poker champ's view on diversification
Submitted by S. R. Schill & Associates on April 27th, 2020This weekend’s Barron’s magazine ran an interesting article about Annie Duke, a world champion poker player. Annie now provides consulting and coaching services to managers in the financial services industry. Her insights into risk management under uncertainty can be extremely valuable.
Benefits of diversification
Submitted by S. R. Schill & Associates on April 24th, 2020Yesterday I posted on how market timing can materially reduce long-term investment returns. An excellent way to eliminate the negative impacts of emotionally-based market timing is through holding a portfolio that is diversified across several asset classes.
Market timing can hurt investment returns
Submitted by S. R. Schill & Associates on April 23rd, 2020Volatile stock market conditions like we have experienced lately can cause anxiety and induce people to sell their stocks and wait for “a better time to invest”, in other words, “time” the market. History shows there can be a big cost in attempting to time the market.